Uber admits covering up 2016 hacking, avoids prosecution in US settlement

Uber is also cooperating with the prosecution of a former security chief, Joseph Sullivan, over his alleged role in concealing the hacking.

from Tech-Economic Times https://ift.tt/VNUnp76

Mostly independent members in social media grievance forum

To ensure independent functioning of panel; changes to IT rules to be finalised in a fortnight

from Tech-Economic Times https://ift.tt/z2QPmYN

Twitter blames Elon Musk, weak ad market for drop in revenue

The results come as Twitter has sued Musk for dropping his offer to buy the company, and is now preparing for a legal showdown in a trial set to begin in October. The deal uncertainty has worried Twitter's advertisers and caused chaos inside the company.

from Tech-Economic Times https://ift.tt/eE8rNF5

Google fires software engineer who claimed its AI chatbot is sentient

Google, which placed software engineer Blake Lemoine on leave last month, said he had violated company policies and that it found his claims on LaMDA to be "wholly unfounded."

from Tech-Economic Times https://ift.tt/XHaMVBm

Lawmakers discuss predatory pricing, regulations and more with Indian tech firms

Top executives, startup founders and CEOs of Indian internet firms including Flipkart, Paytm, Oyo Hotels & Homes, Ola, Zomato, Swiggy, Makemytrip and others met a high-powered parliamentary panel headed by former minister of state for finance Jayant Sinha of the BJP on Thursday to discuss ‘anti-competitive practices by Big-tech companies’.

from Tech-Economic Times https://ift.tt/04H91Zb

Jersey sponsor Byju's allegedly owes Rs 86.21 crore to BCCI, Paytm wants to exit as title sponsor

Indian cricket team's jersey sponsor Byju's allegedly owes Rs 86.21 crore as dues to the BCCI while title sponsor Paytm has requested the board to transfer its rights to a third party.

from Tech-Economic Times https://ift.tt/KG2LjaZ

Meta, Alphabet see m-cap erosion on Snap's poor results

The drop in Alphabet's shares cut its market capitalization by over $40 billion, and Meta's loss reduced its market capitalization by about $25 billion. The drop in Snap's shares evaporated $7 billion of its value.

from Tech-Economic Times https://ift.tt/siJH6pB