Alibaba Faces Challenges and Uncertainty as AI Takes Off BEIJING — It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off. The company’s cloud computing unit was poised to capture AI’s growth for investors in a public listing, until Alibaba pulled…
Google CEO Sundar Pichai Testifies in Antitrust Trial Google CEO Sundar Pichai testified on Monday in the antitrust trial brought against the company by the U.S. government. Pichai defended Google’s business tactics, including its deal with Apple and other partners to make Google the default search engine. Government Demands Trial to Halt Google’s Monopoly The…
Epic Games Takes Fight Against Apple to the Supreme Court We haven’t heard the last of Epic’s crusade against Apple over the iPhone maker’s App Store fees. In a significant development, Epic Games, the maker of the popular game Fortnite and operator of the Epic Games Store, filed a cert petition with the Supreme Court…
Meta Plans to Enable End-to-End Encryption for Messenger Meta said today that the company plans to enable end-to-end encryption by default for Messenger by the end of this year. The tech giant is also expanding its test of end-to-end encryption features to “millions more people’s chats.” Building End-to-End Encryption in Messenger The company has been…
Setapp to Launch Alternative App Store as EU Regulations Take Effect App subscription service Setapp is preparing to launch as an alternative app store, as soon as new EU regulations come into effect next year. The company is betting on the EU’s Digital Markets Act’s (DMA) rules that should allow users to install third-party apps…
Warren Buffett’s Berkshire Hathaway Investments Introduction Warren Buffett’s Berkshire Hathaway reported impressive equity investment gains of over $20 billion in the second quarter. Let’s take a closer look at the key highlights of Berkshire Hathaway’s stock portfolio and its top holdings. Top Five Holdings During the April-June period, approximately 78% of Berkshire Hathaway’s stock portfolio’s…
Italy’s competition authority, the AGCM, has settled its investigation of Google’s data portability practices after the tech giant made commitments to make it easier for users to take their data elsewhere. The probe was initiated following a complaint from Weople, a local company that operates a direct marketing platform. Weople claimed that Google’s data portability…
European Union Launches Antitrust Investigation into Microsoft’s Bundling of Teams The European Union has finally announced a formal antitrust investigation of Microsoft’s bundling of Teams with Office 365 and Microsoft 365. The move comes two years after rival workplace comms company Slack complained to the bloc that Microsoft was unfairly bundling the collaboration and comms…
Title: Developers Sue Apple for Abusive and Anticompetitive Behavior, Seeking £800 Million in Damages Introduction In a groundbreaking move, UK-based developers are filing a class-action damages claim against Apple, accusing the tech giant of abusing its dominant market position and charging an unfair 30% fee on in-app sales made through its iOS App Store. This…
Google’s Nearby Share App Now Available for Windows PCs Google announced today that its Nearby Share app for Windows PCs is now officially available. Nearby Share makes it easier to share files across your phones, tablets, Chromebooks, and more devices. A PC version of the app has been in beta since March 2023 and is…
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