TECH PLATFORMS
EU vs Big Tech: the cases keep mounting
European regulators have launched a series of probes into Big Tech. In the latest move, the European Commission asked Amazon for more information on its compliance with the Digital Services Act (DSA), which requires Big Tech players to do more to tackle illegal and harmful content on their platforms.
EU asks Amazon for more info on Digital Services Act compliance
"In particular, Amazon is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender systems (...)," the EU said in a statement.
Viacom18 bolsters its tech leadership team with three key hires
Viacom18 has appointed three key figures to its technology leadership team in an effort to enhance its OTT platform, JioCinema. This significant move includes naming Bharath Ram as Chief Product Officer and Ad Tech Platform Lead. Bharath Ram will be reporting to Kiran Mani, CEO, Digital, Viacom18.
Australia is pushing big tech to 'protect kids from porn'. What can they actually do?
Tech platforms are urged to implement integrated safety features like content scanning and app blocking on smartphones to protect children online. The focus is on enhancing child safety without compromising user privacy, highlighting the need for effective content classifiers in online protection measures.
Why the Digital Competition Bill has started a polarising debate in the tech industry
India’s Digital Competition Bill has turned previous foes in the tech industry into unlikely allies and sparked a polarising debate on market practices. The Committee on Digital Competition Law (CDCL) on February 27, submitted its report to the ministry of corporate affairs (MCA) after working on it for more than a year.
Elon Musk says X saw record usage during US presidential debate
President Biden's debate performance satisfaction contrasts with Democrats' doubts about his competitiveness against Trump, reflecting uncertainties in the upcoming election.
- Go To Page 1
Meta must face lawsuit claiming it prefers foreign workers over US citizens
The legal landscape shifted with the Section 1981 ruling impacting tech giants like Meta Platforms and Apple. Cases against biased hiring practices signal a push for fair employment. Conservative groups scrutinize diversity initiatives, while calls for federal investigations challenge companies like Tyson Foods. Upholding U.S. citizens' rights in employment remains a focal point in the evolving discourse.
UN chief tells consumer tech firms: own the harm your products cause
U.N. Secretary-General Antonio Guterres demands accountability from tech giants for the harm caused by their products and social media platforms. He launches U.N. global principles for information integrity to combat misinformation and hate speech.
B2B fashion platform Zyod raises $18 million in funding
Zyod's equity funding round was led by venture firm RTP Global, while the debt capital came from Stride Ventures, Trifecta Capital and Alteria Capital. In April last year, Zyod had raised $3.5 million in a funding round led by Lightspeed Venture.
BoB aims to double tech team headcount to 3,000 by FY26-end
State-owned Bank of Baroda plans to double its in-house technology team to 3,000 employees in the next two years, according to a top official. Currently, the team comprises 1,500 employees. The expansion will involve both regular hiring processes and lateral hires of specialist talent, as stated by Debadatta Chand, the managing director and chief executive officer.
US billionaire eyes TikTok takeover to save internet from Big Tech
Frank McCourt, a US real estate billionaire, aims to buy TikTok to rescue the internet from the clutches of major platforms that he firmly believes are destroying society and endangering children. To address the problem, McCourt is campaigning for a "new internet" which, he claims, would wrest control of the web away from major platforms like Instagram, YouTube, TikTok, or X. "These platforms have hundreds of thousands of individual attributes about each of us.
ETtech Q&A | We pivoted multiple times, have been close to bankruptcy: Ixigo founders
Le Travenues Technology, the company behind the travel platform Ixigo, saw its shares listed on stock exchanges at a 48.5% premium to the IPO price. Cofounders Aloke Bajpai and Rajnish Kumar discussed the successful IPO and investor response with ET.
Health tech startup Alyve Health raises $5.5 million funding from Axilor Ventures, others
Health tech startup Alyve Health raised $5.5 million led by Axilor Ventures for platform enhancement and talent acquisition in Mumbai. Earlier in April 2022, it raised seed funding of $900,000 from Axilor Ventures and 1Crowd Fund.
Elon Musk's friends and fans applaud shareholder vote on his payday
For months, Musk's supporters have used the social media site, which he purchased for $44 billion in 2022, to drum up support for his massive payday, and Tesla board members warned he could leave the company if shareholders voted against him.
HCL Technologies launches Enterprise AI Foundry
HCL Technologies said in a media release that, the company launch of HCLTech Enterprise AI Foundry to "simplify and scale enterprise AI journeys." The release further added, that this platform will effectively enable business leaders to focus on real-world outcomes and help development teams build next-gen AI-powered applications with ease.
Marketing firm Maino.ai raises $1.8 million in funding led by India Quotient
A substantial portion of the funds will be allocated to building and scaling teams in key domains such as technology, product development, design, and strategy, said Rishabh Kumar, one of the three cofounders of Maino.ai.
A realistic way to protect kids from social media? Find a middle ground
Ahmed Othman, a teenager from Massachusetts, avoids TikTok and credits his parents, computer scientists, for teaching him about social media's impact on mental health. He is among the minority of teens not on TikTok, as per Pew Research Center data.
Nvidia's market cap hits $3 trillion briefly, overtaking Apple as second most valuable company
The latest rally in Nvidia comes as it prepares to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors.
Australia should force Meta to pay for news, News Corp executive says
Meta could block news reposting if Australia enforces the 2021 law, similar to actions taken in Canada. Academics note increased misinformation spread in Canada since 2023 due to similar laws and reduced news promotion by Meta.
Zerodha faces another technical glitch, users face Kite login issues
India's second-largest broking platform Zerodha website displayed the error message ‘503 Service Unavailable. No server is available to handle the request.’ Traders on X (formerly Twitter) reported that the trading platform was not functioning even before trading commenced on Monday.
Donald Trump joins the TikTok video platform he once sought to ban
Politico, which first reported the news, said he posted a launch video on his account on Saturday night. The video showed Trump greeting fans at an Ultimate Fighting Championship fight in Newark, New Jersey.
Temu will have to comply with tougher EU online content rules, EU says
Temu, a fast-fashion e-commerce retailer under the PDD Group, is required to comply with strict EU online content rules as a very large online platform (VLOP) under the Digital Services Act (DSA), facing penalties of up to 6% of their global annual turnover for violations.
Reliance Retail plans 30-minute delivery model for quick commerce re-entry
Reliance Retail is re-entering the quick commerce market with a 30-minute delivery model, focusing on a wider assortment of products than existing players like Blinkit and Zepto. They will leverage their network of stores and kiranas, connected through the JioMart Partner initiative, for product sourcing. Unlike competitors, Reliance will not set up dark stores for under-ten-minute delivery but will optimize delivery routes using tech platforms like FYND and Locus. The venture will start with groceries and expand to apparel and electronics, utilizing the 19,000-plus store network.
EU in touch with Telegram as it nears criterion for EU tech rules
The Digital Services Act (DSA) which kicked in last year applies to all online intermediaries and platforms, but with tougher obligations on Big Tech to do more to police illegal and harmful online content on their platforms.
Elon Musk ramps up anti-Biden posts on X
Elon Musk criticizes President Joe Biden on social platform X, expressing his disapproval of Biden's policies and leadership. Musk's frequent posts about Biden signal his influence on X's political discourse.
Fake US election-related accounts proliferating on X, study says
A report by Cyabra revealed that fake accounts on the X platform are influencing the U.S. presidential election. Cyabra's vice president, Rafi Mendelsohn, highlighted the coordinated campaign by fake accounts, with 15% supporting Trump and 7% supporting Biden. Twitter profiles were also analyzed for authenticity.
Nvidia CEO Huang expects AI-generated videos to drive more demand for its chips
After riding a demand surge sparked by Big Tech's rush to roll out chatbots, Nvidia now expects new AI models that are capable of creating video and engaging in human-like voice interactions to spur more orders for its graphics processors.
Pine Labs ties up with largest bank in Dubai, set to offer payment solution
Emirates NBD will offer Pine Labs' newly launched credit issuing platform to deliver merchant acquiring solutions for its corporate and institutional clients, initially in the United Arab Emirates, then across the Kingdom of Saudi Arabia and Egypt.
UK regulator demands tech firms shield children from harmful content
Social media platforms will be hit by fines of up to $22.5 million unless they take action to ensure their algorithms do not direct children towards harmful content, the UK communications regulator Ofcom said Wednesday. The new measures are due to come into force next year, with rule-breakers facing fines of up to £18 million ($22.5 million) or 10 percent of their revenue.
Load More
