Microsoft and Amazon asked to comment on tie-ups, a move that paves way for formal investigationThe UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial intelligence startups, asking for comment on three deals by Microsoft and Amazon.The Competition and Markets Authority (CMA) announced that it was examining Microsoft’s investment in the French firm Mistral and the hiring of the DeepMind co-founder Mustafa Suleyman as head of the US company’s new AI division....
Paid partnership with KPMG UK With the power to unlock huge benefits for the wider economy, UK tech innovators are our hope for the future. As KPMG opens applications for the firm’s annual Tech Innovator in the UK competition, Nicole Lowe, head of KPMG’s Emerging Giants practice talks to Dr Elliot Street, CEO of Inovus […]
CNBC's Jim Cramer said next week's PCE index report will be the real gauge of inflation.
While the Bitcoin community fixates on the upcoming halving and wavy interest in spot exchange-traded funds (ETFs), a looming threat could hinder its growth and adoption of the world’s most secure network: fragmentation of token standards. Token Issuing Standards On Bitcoin Fragmented In a post on X, one analyst pointed out the proliferation of competing token […]
The ex-ante regulations proposed in the draft Digital Competition Bill to pre-empt certain practices is a significant departure from the current system and will come with trade-offs that have an impact on user experience and innovation like the European Union’s Digital Markets Act (DMA) had with its rigid rules, executives at a Big Tech company told ET.No matter how carefully crafted an ex-ante regime is, it will still have these negative impacts, they said, even as the government extended the...
(Bloomberg) -- A disappointing earnings report from Meta Platforms Inc. has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnTesla...
Wall Street was poised to kick of the week with gains as investors focused on the latest deluge of corporate earnings.
Last month, Congressional appropriators faced sharp criticism from antitrust hawks after a spending package included $45 million cut to the DOJ’s antitrust wing.
OPINION: As you might have noticed, Sony has revealed what it’s bringing to the TV market for 2024 and it’s got the AV sphere of the Internet all hot and bothered. Sony’s new backlighting tech did look very impressive when I saw it at CES 2024 and as usual, the nature of the reports have pitted Mini LED vs OLED, which is not unsurprising, but the way some have commented is as if Sony’s XR Backlight Master Drive will somehow replace OLED TVs. It will not No picture TV technology is...
The market rally is at its most fragile point in months. The S&P 500 (^GSPC) ended Friday below 5,000, its first close below that mark since late February. Meanwhile, the Nasdaq Composite (^IXIC) dropped more than 5% on the week, while the Dow held flat. This week, critical readings on economic growth and inflation, as […]
U.S. stocks pared their April losses on Friday, with the S&P 500 booking its biggest weekly gain since November as Big Tech stocks rallied.
Big tech share prices were dented by a sector-wide sell-off of risky assets last week, ahead of earnings results for some of the 'Magnificent Seven'.