Author name: fakhar

New York Legislators Approve Bill to Safeguard Youths on Social Media

On Friday, New York state lawmakers passed legislation prohibiting social media platforms from exposing users under 18 to “addictive” algorithmic content without parental consent. This makes New York the latest state to take steps toward reducing online risks for children. A companion bill, which restricts online sites from collecting and selling personal data of underage …

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Exclusive: Walmart Executive Says IPOs for Flipkart and PhonePe May Take a Few Years

Initial public offerings for Walmart’s (WMT.N) Flipkart marketplace and PhonePe digital payments platform could take a couple of years, according to a Walmart executive. “This is something we’re considering over the next couple of years,” said Dan Bartlett, Walmart’s executive vice president for corporate affairs, at the company’s shareholder meeting near its Bentonville, Arkansas, headquarters …

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Microsoft reveals all-digital Xbox consoles and new ‘Doom’ game at Games Showcase

The new Xbox consoles are entirely digital, eliminating the need for physical discs and embracing the growing trend towards digital media consumption. These consoles promise faster load times, improved performance, and a sleeker design, catering to the modern gamer’s demand for convenience and efficiency. Adding to the excitement, Microsoft introduced a brand-new title in the …

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US lays groundwork for antitrust investigations into Microsoft, OpenAI, and Nvidia

The U.S. Justice Department and the Federal Trade Commission have struck a deal paving the way for potential antitrust investigations into the dominant positions held by Microsoft, OpenAI, and Nvidia in the artificial intelligence industry, according to a source familiar with the situation.This agreement underscores the growing regulatory focus on industry consolidation within the AI …

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British technology innovator Mike Lynch cleared of charges in US fraud trial

Autonomy founder Mike Lynch was acquitted of fraud on Thursday by a San Francisco jury, marking a significant victory for the entrepreneur entangled in legal battles since the controversial sale of his company to Hewlett-Packard (HP) for $11 billion in 2011. While the Autonomy acquisition initially ranked among the largest British tech transactions, it soured …

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The surge in artificial intelligence (AI) is poised to heighten banks’ reliance on major U.S. tech corporations, presenting fresh risks for the sector, European banking leaders cautioned.Enthusiasm for integrating artificial intelligence (AI) into financial services has escalated, particularly since the debut of OpenAI’s widely-discussed chatbot, ChatGPT, in late 2022. Banks are actively exploring ways to …

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GameStop experiences a decrease in quarterly sales.

GameStop (GME.N) announced a drop in first-quarter net sales on Friday, attributing the decline to a shift in customer preferences towards online purchases of video games and collectibles, while the retailer heavily depends on physical stores. The company recorded net sales of $881.8 million in the quarter ending May 4, marking a decrease from $1.24 …

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Report advocates for establishment of universal regulations to encourage trading of assets on blockchain

A global standard for cross-border activity is deemed crucial for realizing the widespread trading of stocks and bonds on blockchains. This standard would enable seamless movement of assets across different blockchains, paving the way for the mainstream adoption of tokenized assets, which represent underlying assets and are traded on distributed ledger technology (DLT). While banks …

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MeChen M3 Touchscreen Music Player

This MP3 player with touchscreen functionality boasts a sleek design, exceptional audio quality, impressive battery longevity, expandable storage, and user-friendly controls, all available at an unbeatable price point under $50. The M3 portable music player features a 2.4-inch touchscreen, 32GB of onboard storage, a microSD card slot for expanded memory, and Bluetooth 5.0 for seamless …

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Anker MagGo Qi2 Wireless Power Bank

The Anker MagGo Qi2 Magnetic Power Bank boasts support for the latest Qi2 wireless charging standard, ensuring rapid charging for the newest iPhones, surpassing even standard MagSafe battery packs. With a substantial 10,000 mAh battery capacity, this essential accessory can recharge an iPhone with power to spare for other devices. Additionally, it features a USB-C …

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