monopoly

Russian president Vladimir Putin on Friday warned that the West should not be allowed to develop a monopoly in the sphere of Artificial Intelligence (AI), and said that a much more ambitious Russian strategy for the development of AI would be approved shortly. China and the United States are leading the development of AI, which many researchers and global leaders think will transform the world and revolutionise society in a way similar to the introduction of computers in the late 20th century.Elevate Your Tech Prowess…

Amazon is already facing a potential lawsuit from the Federal Trade Commission, and now, a group of authors, booksellers, and an antitrust think tank is calling on the agency to investigate the e-commerce giant’s stranglehold on the bookselling market, as previously reported by The New York Times.In the letter, the Authors Guild, American Booksellers Association, and Open Markets Institute urge the FTC to look into Amazon’s “monopoly in its role as a seller of books to the public.” The three organizations accuse Amazon of…

To take a step back: Shein doesn’t operate like traditional consumer brands. Instead of owning factories that make products for it exclusively, the company works with a vast network of independent Chinese factories. Most times, these factories create the designs, manufacture the products, and sell them to Shein, entrusting the platform to deal with other processes, like listing, customer service, and shipping.  Shein offers these suppliers a steady stream of overseas orders. In exchange, it buys the products at very low…

The company’s rockets are ferrying astronauts, launching satellites and dominating any competitionSpaceX used a Falcon 9 rocket to launch a Crew Dragon spacecraft with NASA astronauts on board to the International Space Station from the Kennedy Space Center last October. Joel Kowsky/NASA via Getty Images The company’s rockets are ferrying astronauts, launching satellites and dominating any competitionSpaceX used a Falcon 9 rocket to launch a Crew Dragon spacecraft with NASA astronauts on board to the International…

The largest newspaper publisher in the U.S. is taking on one of the world’s largest tech corporations in court. USA Today’s parent company Gannett filed a lawsuit against Google and its parent company Alphabet Inc. on Tuesday over alleged anti-competition tactics in digital advertising.Google’s Antitrust Case Is the Best Thing That Ever Happened to AIGannett, which owns some of the nation’s biggest and longest-running newspapers, alleges in the filing that Google is rigging the system that’s used for ad sales on publisher…

Image Source : INDIA TV TECH Japanese government to remove the monopoly of the app stores of Apple and Google The Japanese government has joined the growing list of countries which are aiming to challenge the monopoly held by Apple and Google over their respective app stores. The government recently conducted its seventh Digital Market Competition Conference, which…

TMS Network (TMSN) has continuously posted gains from one presale session to the next. It has succeeded in capturing the imagination of investors and is headed to create history in the market. While TMS Network (TMSN) is getting ready to become a leader among DEXs, established coins like Cardano (ADA) and Litecoin (LTC) are struggling to maintain their grip in the market. Here is what’s happening. Litecoin (LTC) Is Struggling To Maintain Market Capitalization The US Securities & Exchange Commission (SEC) has filed a…

Last year, Apple trusted LG Display to deliver complex, low-power-consuming OLED panels with LTPO (Low-Temperature Polycrystalline Oxide) for its premium iPhone model, the iPhone 14 Pro Max. However, because of some yield issues in the last quarter of the year, LG wasn’t able to fulfill the delivery and could only supply 10 million such panels, resulting in iPhone 14 Pro Max shipping delays. With no option left, Apple turned its head towards Samsung to overcome the panel production mishap, which left a big hole in…

Malaysia said on Wednesday it will adopt a dual network model for its 5G rollout next year following widespread concerns about pricing and competition over a single state-run network. The decision is the latest by Prime Minister Anwar Ibrahim's six-month-old administration aimed at dismantling monopolies and promoting competition, though it could create tension with Western countries that wanted Malaysia to stick with its original plan. Malaysia had in 2021 unveiled a plan for a state-owned agency, Digital Nasional Berhad…

The Fast-Dealing Property-Destroying Game Honkai: Star Rail is an absolute behemoth of a free-to-play game right now, surpassing 20 million downloads in a single day. I’ve been trying to put some time into it since it launched, but I don’t think I’ve even reached the titular Star Rail yet as another mobile game has hogged all of my attention over the past week or so. Monopoly Go! is a new, free-to-play competitive board game from Hasbro and Scopely, the latter of which is best known for its work on The Walking Dead:…