Tech News

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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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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Google’s head of privacy to depart

Keith Enright, Google’s chief privacy officer, is set to depart from the company this autumn after a tenure of 13 years, a spokesperson for the Alphabet-owned firm announced on Tuesday. “We continually adapt our legal, regulatory, and compliance endeavors to fulfill new obligations and expectations. Our recent adjustments will expand the workforce dedicated to regulatory …

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News Corp executive suggests Australia mandate Meta to compensate for news usage

Australia should mandate Meta Platforms (META.O) to compensate news companies for content displayed on Facebook and enact broader regulations on social media corporations, stated a high-ranking News Corp (NWSA.O) executive. Meta announced in March its decision to cease payments to Australian news publishers for content. Presently, the government deliberates whether to enforce a 2021 law …

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Cisco unveils $1 billion AI fund and announces initial investments

On Tuesday, Cisco (CSCO.O) announced the launch of a $1 billion fund dedicated to investing in artificial intelligence startups, joining the ranks of major technology firms eager to support emerging AI companies. The company, through its investment arm, has already allocated nearly $200 million from the fund to invest in startups such as Cohere, Mistral …

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Chinese AI chip firms modify designs to secure TSMC production

Several Chinese AI chip companies are now designing less powerful processors to maintain access to Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) production amid U.S. sanctions, according to four sources familiar with the situation. To hinder advancements in artificial intelligence and supercomputing by China’s military, Washington has implemented a series of export controls on sophisticated processors …

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Exclusive: Arm CEO Sets Ambitious Goal to Secure 50% of PC Market within Five Years

Arm Holdings sets its sights on capturing over 50% of the Windows PC market within the next five years, according to the chip designer’s CEO. This ambitious goal comes as Microsoft and its hardware partners prepare to introduce a new wave of computers utilizing Arm’s technology. Arm’s U.S.-listed shares saw a 2.6% increase in pre-market …

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Israel’s tech sector makes up 20% of the economy, according to the Innovation Authority.

Israel’s high-tech sector now represents 20% of the nation’s economic output, as reported by the Israel Innovation Authority (IIA) on Tuesday. The IIA urged the government to invest more to accelerate tech growth. In its 2024 State of the High Tech Sector in Israel report, the state-funded authority noted that despite the ongoing eight-month conflict …

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Spotify increases prices for its premium plans to boost margins.

Spotify increased prices for its premium plans in the United States on Monday, as part of its ongoing effort to enhance profit margins. The Swedish music-streaming service raised the cost of its individual plan to $11.99 from $10.99 per month, the duo plan to $16.99 from $14.99, and the family plan to $19.99 from $16.99 …

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New York set to confine virtual entertainment calculations for teenagers, WSJ reports

New York is wanting to deny web-based entertainment organizations from utilizing calculations to control content to youth without parental assent under a speculative understanding came to by state legislators, the Money Road Diary covered Monday, refering to individuals acquainted with the matter. Web-based entertainment stages have lately gone under examination for its habit-forming nature and …

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