In a 35-page ruling, U.S. District Court Judge Lynn Winmill granted a motion the Idaho-based company filed in October by ruling the FTC complaint lacks sufficient allegations to state a claim. The FTC failed to allege Kochava's data sales created "significant risk" of concrete harm, order said, allowing the trade regulator 30 days to amend its arguments.
Geoffrey Hinton, widely known as one of the "godfathers of AI", recently announced he had quit Alphabet after a decade at the firm, saying he wanted to speak out on the risks of the technology without it affecting his former employer.
The market landscape and dynamics have changed in the past year amid the government’s investigations against electric two-wheeler manufacturers over subsidies claimed under government scheme FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India). This scheme was launched in 2011 as part of the National Mission on Electric Mobility.
For the year ended March 31, the Noida-based company posted a loss of Rs 1,776.5 crore on total revenue of Rs 8,400 crore (about $1.03 billion).
The steadfastness comes as TikTok, which is owned by Chinese tech firm ByteDance, is fighting to prevent a ban in the US after lawmakers introduced a bill that would grant President Joe Biden's administration authority to ban apps that pose security risks.
Ravi Kumar S, who took over as the chief of US-headquartered IT firm Cognizant four months ago, has termed the last quarter “historic” amid a cautious macro environment.
Apple's sales for its second quarter ended April fell 2.5% to $94.84 billion, better than analyst expectations of a 4.4% decline to $93 billion, according to data from Refinitiv.
