[ad_1] The European Union on Wednesday outlined the steps that Apple must take to open up its iPhone and iPad operating systems to work better with competing technologies. It’s the first time the EU has moved to compel a technology company to comply with the bloc’s Digital Markets Act — a wide-ranging set of regulations […]
AI has potential to aid cartelisation; fair competition integral for sustainable growth: CCI chief – CNBC TV18
[ad_1] Artificial Intelligence (AI) has the potential to aid cartelisation by automating collusive behaviour through predictive algorithms, Competition Commission chief Ravneet Kaur has said, asserting that the watchdog is focused on developing ecosystems that ensure algorithmic transparency and accountability while promoting innovation. The Competition Commission of India (CCI), which works to curb unfair business practices […]
Big Tech takes Nasdaq, S&P 500 higher on a day marked by thin volumes – CNBC TV18
[ad_1] Christmas week began on a positive note on Wall Street as big tech names led the S&P 500 and the Nasdaq higher on a day that was thinly traded. Company Value Change %Change The tech-heavy index ended 1% higher, while the S&P 500 gained 0.7% led by gains in Nvidia, Broadcom, Alphabet and Meta. […]
Nasdaq closes above 20,000 for the first time as CPI data cements Fed rate cut bets – CNBC TV18
[ad_1] The Nasdaq Composite was an outperformer on Wall Street during Wednesday’s trading session as all big-tech, barring Apple, took the index past the 20,000 mark and to a new record high as well. Company Value Change %Change The tech-heavy index gained 1.8% in mid-week trading, while the S&P 500 added 0.8%. The Dow Jones […]
US markets fall ahead of Thanksgiving holiday as big tech drags – CNBC TV18
[ad_1] Big tech dragged US indices lower ahead of the Thanksgiving holiday on Thursday but that did not change the course of the indices for the month of November as they are set to end with solid gains. The Dow Jones and S&P 500 fell 0.3% each, while the Nasdaq Composite fell 0.6% as all […]
AI spending soars: Apple, Microsoft, Google, Amazon, and Meta lead the charge with $60 billion commitment – CNBC TV18
[ad_1] Artificial Intelligence (AI) has become the new battleground for the world’s largest tech companies, with Apple, Microsoft, Google, Amazon, and Meta each positioning AI as a central force in their strategies. In their latest earnings reports, AI was at the forefront, underscoring how this transformative technology is redefining their approach to innovation, customer engagement, […]
European Union requests info from YouTube, Snapchat, TikTok on content algorithms – CNBC TV18
[ad_1] The EU Commission requested information on Wednesday from YouTube, Snapchat and TikTok on the parameters used by their algorithms to recommend content to users and their role in amplifying some systemic risks, including those related to the electoral process, mental health and protection of minors. The requests, made under the Digital Services Act (DSA), […]