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    Microsoft, Apple drop OpenAI board plans as scrutiny grows

    Microsoft and Apple have decided against taking board roles at OpenAI, citing regulatory scrutiny. Microsoft's $13 billion investment and integration of OpenAI's tech in products like Windows face antitrust probes. Despite withdrawing, concerns about stifling competition persist. US and European regulators are scrutinizing Big Tech's dominance in AI. Analysts foresee AWS and Google becoming preferred partners amid growing demand and regulatory pressure. This move underscores challenges as tech giants balance innovation and regulatory compliance in the AI landscape.

    Online discounts to rain heavy from July, ease dry spell of electronics, apparel cos

    Brands are gearing up for a surge in online discounts and promotions starting this month, aiming to clear unsold inventory ahead of the festive season. Expectations are high for the discounts to be the steepest since Covid-19, particularly in categories like smartphones, electronics, and apparel, which have faced sales pressure in the first half of the year. Multiple sales events are planned by marketplaces like Amazon and Flipkart, including Prime Day and Independence Day sales, extending till Diwali.

    Apple ex-lawyer ordered to pay $1.15 million SEC fine for insider trading

    Former Apple lawyer Gene Levoff fined $1.15 million for insider trading. Levoff traded on nonpublic information from the iPhone maker. The fines were imposed by a U.S. District Judge.

    Apple TV+ Golf Comedy Series: Check out all we know about plot, cast and crew

    Lilli Kay joins Owen Wilson and Peter Dager in a new Apple TV+ comedy series. The show follows a former golf pro, played by Wilson, who mentors a young golf phenom. The series is created by Jason Keller and directed by Jonathan Dayton and Valerie Faris.

    Apple supplier Foxconn rejects married women from India iPhone jobs

    A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.

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    The Economic Times
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