FCC fines US telecom carriers nearly $200Mn for illegally sharing users’ location data
The Federal Communications Commission (FCC) has levied a hefty fine of nearly $200 million on the four largest wireless carriers in the US– AT&T, Verizon,...
Ola Cabs CEO Hemant Bakshi quits within 3 months of joining
Ola, the Indian ride-hailing upstart that rivals Uber in India, is seeing its newly appointed CEO Hemant Bakshi quitting the company. His resignation comes within...
Samsung’s Q1 operating profit surges, driven by memory chip business, AI demand
Samsung Electronics, the South Korean tech behemoth, has marked an impressive performance for the first quarter of the year, bouncing back from the lows of...
iPadOS now designated under EU’s Digital Markets Act, given 6 months to ensure compliance
The European Union (EU), which has been taking bold steps to contain market dominance by big tech — primarily US tech companies — has announced...
Financial Times and OpenAI ink strategic partnership, including a content licensing deal
AI and journalism are coming even closer – The Financial Times (FT) has announced a new collaboration with OpenAI, one that leverages AI for content...
Swiggy confidentially files for $1.25Bn IPO
Swiggy, the second major player within India’s duopolised food delivery market, has confidentially filed for a $1.25Bn IPO. The issue includes 450 million fresh shares...
Alphabet beats Q1’24 expectations, generates $80.54Bn in revenue
Alphabet, the parent company of Google, has delivered impressive financial results for the first quarter of the year, exceeding analysts’ expectations and propelling its market...
WhatsApp says will exit India if forced to break messaging encryption
Is WhatsApp looking at a possible exit from India? The ubiquitous messaging platform, boasting over 400 million users in India, certainly seems to think so,...
US Prez Biden signs new bill that would ban TikTok if Bytedance doesn’t sell it in a year
[Update]: Joe Biden, US President, has signed the bill, making it a law, ensuring that the Chinese-owned TikTok will be banned unless it is sold...
UK competition watchdog investigates Microsoft, Amazon’s AI deals with Mistral, Anthropic, others
The red-hot race for dominance in artificial intelligence (AI) is facing a new hurdle. This time, the United Kingdom’s Competition and Markets Authority (CMA) has...