Big tech companies

Artificial intelligence will become an important part of Reddit Inc.'s business, the company said Thursday in its long-awaited filing for an initial public offering — tapping into a revenue stream that could be both lucrative and controversial. San Francisco-based Reddit, a platform that hosts conversations on thousands of different topics, makes most of its money by selling ads that appear alongside social content. In its filing, the 19-year-old company outlined another line of additional business: selling that content…

French competition watchdog probes big tech's AI dominance; US AI giants collaborate on federal safety standards; Microsoft teams up with Sarvam AI for voice-based GenAI tools; government says AI will have jobs impact, but will create opportunities too- this and more in our daily roundup. Let us take a look. 1. French Competition Watchdog probes big tech's AI dominanceFrance's competition authority has initiated a public consultation on the AI sector, aiming to assess big tech firms' strategies. With a focus on companies…

Union Minister of State for Electronics and Technology Rajeev Chandrasekhar said that ‘asymmetries' exist between digital publishers and big tech platforms. Speaking at the DNPA Conclave & Awards 2024 held in New Delhi on Tuesday, the minister highlighted concerns over ad-tech monopolies and the revenue-sharing model between those who create content and those who help monetize it.On monopoliesTalking about the ad-tech monopolies, Chandrasekhar said, “We are concerned about the deep asymmetry between those who create…

The European Commission, which announced Thursday an inquiry into Microsoft's promotion of its Teams messaging app, has fought US tech giants on fronts from tax avoidance, disinformation and hate speech to data privacy and monopolistic practices.Here is a summary of the tussles between Silicon Valley and Brussels. - Stifling competition -The European Commission on Thursday said it would investigate whether Microsoft was "abusing and defending its market position" by bundling its Teams app with its Office suite. It comes…

Image Source : FILE WhatsApp bans record over 47 lakh bad accounts in India in March WhatsApp, a Meta-owned instant messaging platfrom has banned a record of over 47 lakh bad accounts from the Indian market in the month of March (2023). The action was taken in compliance with the new IT Rules of 2021. Between March 1 and March 31, approximately 4,715,906 WhatsApp…

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A five-hour meeting on February 13 resulted in no resolution and lawmakers are at loggerheads over various facets of the Act (Illustration: Rahul Awasthi)Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers of the emerging…

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German online fashion retailer Zalando said it was cutting hundreds of jobs across its workforce of 17,000, saying it had expanded too much and citing a difficult economic environment since the coronavirus pandemic. "We have decided to start a program that will remove several hundred overhead roles across many of our teams," it said in a statement. "Over the last few years, some parts of our company have expanded too much and we have added a degree of complexity to our organization that impacted our ability to act…

Islamic State gunmen killed American college student Nohemi Gonzalez as she sat with friends in a Paris bistro in 2015, one of several attacks on a Friday night in the French capital that left 130 people dead.Her family's lawsuit claiming YouTube's recommendations helped the Islamic State group's recruitment is at the centre of a closely watched Supreme Court case being argued Tuesday about how broadly a law written in 1996 shields tech companies from liability. The law, known as Section 230 of the Communications Decency…