Page 2 - Big Tech

Regulating Big Tech

Laws should be framed with extreme care

Big Tech and 'sideloading' debate; IT firms fear security, privacy breaches

Sideloading is a way for app developers to load their applications without going through formal stores such as Google Play for Android phones or the Apple App Store for iPhones

House panel seeks to rein in Big Tech firms with digital competition law

The SIDIs would have to submit a report to the CCI every year describing the measures implemented to fulfill their obligations

Microsoft to buy 4% of LSE Group as part of $2.8-billion cloud deal

The partnership will speed up the migration of its markets to the cloud and allow it to develop new products and services

Govts across world, forums lag behind in regulating Big Tech: MoS IT

Governments across the world and internet forums have lagged behind in rulemaking for big technology players for their innovations that can cause harm to society, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Sunday. Speaking at the India Internet Governance Forum (IGF) hosted by FICCI, Chandrasekhar further said the internet, which has been a force for good, has also increasingly begun to represent risk, user harm and criminality. "For too long governments of the world and indeed, IGF and most forums have lagged behind these big private platforms, big tech platforms in terms of the do's and don'ts and the rulemaking that are required. "We treated them for very long as innovators and innovations rather than deal with them as innovations as well as those innovations potentially being able to cause harm and create other disruptions to society and people," Chandrasekhar said. He said safety and trust are core issues for the government to address, especially ...

Financial sector reliance on big tech cos poses major risks: Axis Bank CEO

Companies providing software and other technology support like cloud services to the financial system are trickling down to a few, which can create major systemic risks later, according to a top banker. "Companies which are providing software, platforms and cloud systems to the banking and financial system are trickling down to a few," Axix Bank managing director and chief executive Amitabh Chaudhry said addressing an event on corporate governance. It was organised by ex-Sebi chairman M Damodaran's advocacy Excellence Enablers here on Thursday. Going a step further he warned that "the country's banking system now relies on two three big companies for their software service requirements, and this can lead to emerging risks in case these companies stop investing and ensuring that those platforms are adaptable to this new world". Chaudhry said such concentration is leading to pressure on the banking system to invest in technology in order to take care of the macro requirements. "We h

Where did big tech and startups go wrong on hiring?

After Twitter and Meta, Amazon is planning to lay-off a big chunk of its workforce. Reports say that it would fire close to 10,000 employees. What led to this situation? And what's the road ahead?

Laid-off tech employees find it hard to get jobs amid global slowdown

Most of those who lost their jobs at Big Tech companies recently are struggling to get jobs as there is a freeze on new hirings at nearly every top firm amid recession fears

After Rs 1,338-cr penalty on Google, CCI speeds up Apple antitrust case

Apple's restrictions prima facie result in denial of market access for potential app developers and distributors

Europe considers making 'Big Tech' pay for building the internet

Matt Brittin, Google's President of EMEA, said at an event in Brussels that it'll be customers who pay "either with price or pay in worse services," if Europe adds a streaming fee.

Big Tech in financial system poses concentration risk: Shaktikanta Das

'Unbridled mushrooming of digital lending apps is a material concern'

Twitter whistleblower Peiter Zatko taking security warnings to Congress

Peiter Mudge Zatko, the Twitter whistleblower who is warning of security flaws, privacy threats and lax controls at the social platform, will take his case to Congress on Tuesday. Senators who will hear Zatko's testimony before the Senate Judiciary Committee are alarmed by his Twitter allegations at a time of heightened concern over the safety of powerful tech platforms. It's Zatko's second Capitol Hill appearance, and in some ways a 21st-century echo of his first. In 1998, he testified before a Senate panel along with fellow members of a hacker collective who warned about the security dangers of the then-emerging internet age. Zatko, a respected cybersecurity expert, was Twitter's head of security until he was fired early this year. He has brought the stunning allegations to Congress and federal regulators, asserting that the influential social platform misled regulators about its cyber defences and efforts to control millions of spam or fake accounts. Sen. Dick Durbin, the Illi

Microsoft gives ONDC its 1st Big Tech push, to launch shopping app in India

Network may open to Bengaluru public later this month

Wall Street rises on tech, earnings boost as recession fears ease

US service sector unexpectedly picks up in July; PayPal rises after bumping annual profit outlook; Apple gains 3.5%, Microsoft adds 2.7%; Moderna jumps on $3 bn share buyback plan

Centre aims to make Big Tech pay for using content from news publishers

If implemented, the new law will force Big Tech companies to pay digital news publishers a share of the revenue earned via using their original content.

Big Tech games system many times: Chandrasekhar after Uber Files report

Chandrashekhar added that innovation would grow along with a citizen's right to open a trusted and accountable Internet under the Modi government.

Why is there a growing unease between the govt and Big Tech in India?

India is seeing yet another showdown between Twitter and regulators. The microblogging site has challenged the government's directives asking it to take down certain posts. Why is this growing unease?

India says Big Tech must obey law of the land as Twitter goes to court

The Indian government said that all Internet intermediaries and social media platforms have to comply with the law of the land, after Twitter moved Karnataka High Court

What is Web 5.0?

The internet has come a long way. The upcoming web 3.0 boasts of decentralisation as its bedrock. And now, former Twitter CEO Jack Dorsey has announced Web 5.0. Let us find out more about it

Will issue guidelines to make digital lending ecosystem safer: RBI Guv

Speaking on inflation, Guv Das said that had the monetary policy been tighter, the economic damage would have been enormous