Page 5 - Big Tech

RBI flags regulatory concerns on big tech's role in financial services

The RBI, in its bi-annual Financial Stability Report, had flagged the entry of big tech in financial services in emerging markets such as India.

Is Google facing less scrutiny in India than Facebook?

Google has mostly avoided controversies that have plagued its rival Facebook in India. What is the reason for Google enjoying a gentler political environment despite its size? Listen to this podcast

TMS Ep57: Big tech scrutiny, pay-later cards, markets, bank accounts

Is Google facing less scrutiny than Facebook? What's the lure of pay-later cards? What's Julius Baer APAC head's take on equity outlook? What are the types of bank accounts? Find all answers here

Microsoft's Windows 11 to make it easier to change default browsers

Microsoft is still testing these new Windows 11 changes that make it easier to switch default apps and browsers

Looking at not-so-bad side of FB, Amazon, Twitter as we bring them to heel

Big Tech indeed needs better regulation and management for the simple reason that they have an enormous sway over people's attention and make money from advertisers by monetising this attention

Italy's competition watchdog fines Apple, Google over $11 mn each

This is the second time Apple has been fined by the Italian regulator this week

EU countries agree on common stance on new rules for US tech giants

However, they will have to iron out the final details with EU lawmakers, who have proposed tougher rules and higher fines

EAM Jaishankar pitches for equity, fairness in use of tech and data

There has to be basic regulations and a sense of equity and fairness in the use of new technologies and data, External Affairs Minister S Jaishankar said on Friday. In a virtual panel discussion at the Sydney Dialogue, he said the new digital space and data world cannot be run on the "19th-century principle of capitalism" and that there is a need for effective norms to regulate them. "If we are to do well, then it is important that democratic societies find the right balance because at the end of the day, democracy will advance when it is clear that democracy delivers," Jaishankar said. "We cannot have a tech world, data world essentially run on the 19th-century principle of capitalism," he added. The Sydney Dialogue is a forum focussed on emerging, critical and cyber technologies. "Yes, on one hand, we need freedom, we need openness, we need the flows, but on the other hand, there have to be basic regulations, a sense of equity and a sense of fairness," the external affairs minis

RBI working group warns on digital lending by big tech players

The working group has recommended the formation of a nodal agency & SRO for digital lending apps

Microsoft fixes Windows 11 features failing due to expired certificate

The tech giant warned Windows 11 users about the problems earlier this week and has now released an out-of-band update

Big Tech, chipmakers power S&P 500, Nasdaq to record highs

The Dow Jones Industrial Average was down 89.73 points, or 0.25%, at 36,067.85

From Amazon to Microsoft, big technology firms bet big on India

International technology giants have pulled out all the stops in backing the country's robust digital consumption story

Facebook directed to pay $257 per victim over personal data breach

The leaked data included the lists of the users' Facebook friends

Amazon building Clubhouse competitor that turns hosts into DJs

With this app, Amazon joins the likes of Apple, Spotify and even Sonos, which are looking to programme radio-adjacent content

Explainer: Just what are ''The Facebook Papers,'' anyway?

The Facebook Papers project represents a unique collaboration among 17 American news organizations, including The Associated Press.

People or profit? Facebook papers show deep conflict within

Thousands of pages of internal documents provided to Congress by a former employee depict an internally conflicted company

Facebook knew about, failed to police, abusive content globally: Report

For over a decade, Facebook has pushed to become the world's dominant online platform

Big tech data centres spark worry over scarce Western water

Conflicts over water are as old as history itself, but the massive Google data centres on the edge of this Oregon town on the Columbia River represent an emerging 21st century concern. Now a critical part of modern computing, data centres help people stream movies on Netflix, conduct transactions on PayPal, post updates on Facebook, store trillions of photos and more. But a single facility can also churn through millions of gallons of water per day to keep hot-running equipment cool. Google wants to build at least two more data centres in The Dalles, worrying some residents who fear there eventually won't be enough water for everyone including for area farms and fruit orchards, which are by far the biggest users. Across the United States, there has been some mild pushback as tech companies build and expand data centres conflicts likely to grow as water becomes a more precious resource amid the threat of climate change and as the demand for cloud computing grows. Some tech giants

Britain fines Facebook $70 mn for breaching order in Giphy deal

Facebook has increasingly come under fire from regulators and lawmakers about its business practices.

Facebook plans to hire 10,000 in Europe to build 'metaverse'

The company said in a blog post Sunday that those high-skilled workers will help build the metaverse, a futuristic notion for connecting online that uses augmented and virtual reality.