Tag: big tech

Broadcom Expects AI Demand to Help Offset Weakness Elsewhere
8Mar By adminNo Comments
Technology

Broadcom Expects AI Demand to Help Offset Weakness Elsewhere

[ad_1] Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, predicted that AI spending would fuel growth more quickly than expected this year, even as sluggish demand in other areas weighs on semiconductor sales.The company's semiconductor division posted revenue of $7.39 billion in the fiscal first quarter, Broadcom said Thursday, missing the $7.7 billion projected by analysts. Still, the chipmaker remains on track for $50 billion in sales during fiscal 2024, which ends in October. That's in line with its previous forecast. Though an artificial intelligence boom is fueling demand for Broadcom equipment, the company is contending with slower sales in some segments, such as telecommunications. That's hurting its chip business. Broadcom's infrastructure software sal...
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Big Tech App Stores Focus of EU Digital Crackdown, Vestager Says
6Mar By adminNo Comments
Technology

Big Tech App Stores Focus of EU Digital Crackdown, Vestager Says

[ad_1] The European Union's sweeping new law to rein in potential market abuse from the world's biggest tech firms will first focus on sorting out app stores, the bloc's competition chief Margrethe Vestager said. Just days before the Digital Markets Act comes into force Vestager said in an interview with Bloomberg TV that she's most concerned about smaller app stores being given fair access to operating systems run by companies that dominate the market like the likes of Apple Inc., Alphabet Inc.'s Google, and Microsoft Corp. “I think it's important for instance that you can have more than one app store on your phone,” Vestager said. “In any other circumstance, if you don't like one shop, you can go into another one.”  Under the DMA, firms face a slew of new restrictions across operating...
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5 things about AI you may have missed today: Big tech’s AI dominance, US AI giants collab, GenAI risk, and more
8Feb By adminNo Comments
Technology

5 things about AI you may have missed today: Big tech’s AI dominance, US AI giants collab, GenAI risk, and more

[ad_1] French competition watchdog probes big tech's AI dominance; US AI giants collaborate on federal safety standards; Microsoft teams up with Sarvam AI for voice-based GenAI tools; government says AI will have jobs impact, but will create opportunities too- this and more in our daily roundup. Let us take a look.1. French Competition Watchdog probes big tech's AI dominanceFrance's competition authority has initiated a public consultation on the AI sector, aiming to assess big tech firms' strategies. With a focus on companies in adjacent markets, like cloud infrastructure, it scrutinizes potential misuse of market power. The inquiry targets major players like Microsoft, Amazon, and Google. Stakeholders can submit comments until March 22, with the authority expected to deliver its opini...
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Meta Platforms challenges EU over content moderation law fees
8Feb By adminNo Comments
Technology

Meta Platforms challenges EU over content moderation law fees

[ad_1] Facebook owner Meta announced on Wednesday it would challenge in court an EU demand for fees under a content moderation law.The European Commission last year put Meta's Facebook and Instagram on a list of "very large" online platforms that face tougher rules under the new Digital Services Act (DSA). Companies on the list must pay fees to the commission, the EU's executive arm, to bankroll enforcement of the DSA. Meta supported the DSA's aims and had introduced measures to comply, "but we disagree with the methodology used to calculate these fees," a company spokesperson said."Currently, companies that record a loss don't have to pay, even if they have a large user base or represent a greater regulatory burden, which means some companies pay nothing, leaving others to pay a dispro...
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‘Asymmetries’ between digital publishers and big tech a concern, says Union Minister Rajeev Chandrasekhar
7Feb By adminNo Comments
Technology

‘Asymmetries’ between digital publishers and big tech a concern, says Union Minister Rajeev Chandrasekhar

[ad_1] Union Minister of State for Electronics and Technology Rajeev Chandrasekhar said that ‘asymmetries' exist between digital publishers and big tech platforms. Speaking at the DNPA Conclave & Awards 2024 held in New Delhi on Tuesday, the minister highlighted concerns over ad-tech monopolies and the revenue-sharing model between those who create content and those who help monetize it.On monopoliesTalking about the ad-tech monopolies, Chandrasekhar said, “We are concerned about the deep asymmetry between those who create content and those who help them to monetise it. From a policymaking point of view, we want the internet to be open, and we certainly do not want monetisation on the internet to be in the purview of or to be controlled by just one, two, or three companies.” The Uni...
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Google, Microsoft, Amazon, Nvidia to Sam Altman, check out the wild Generative AI ride in 2023
4Jan By adminNo Comments
Technology

Google, Microsoft, Amazon, Nvidia to Sam Altman, check out the wild Generative AI ride in 2023

[ad_1] After OpenAI stole the limelight, Google, Microsoft, Amazon and other Big Tech companies rushed muscled in on the Generative AI action along with a sideshow that starred Sam Altman.ChatGPT was well on its way to becoming a household name even before 2023 kicked off. Just weeks after the Nov. 30 launch of the generative artificial intelligence-powered chatbot, OpenAI, the non-profit behind ChatGPT, was projected to rake in as much as $1 billion in revenue in 2024, sources told Reuters at the time. The so-called large language model's ability to turn prompts into poetry, song, and high school essays enchanted 100 million users within two months, accomplishing what took Facebook four and a half years and Twitter five in becoming the fastest growing consumer app ever. Sometimes, the ...
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2023 Boosts Big Tech’s AI monopoly? Google, Microsoft, Nvidia, and others wield money power
1Jan By adminNo Comments
Technology

2023 Boosts Big Tech’s AI monopoly? Google, Microsoft, Nvidia, and others wield money power

[ad_1]  A new crop of artificial intelligence startups has shaken up Silicon Valley — and the wider business world — throughout this year, but there's one thing that hasn't changed: Big Tech still wields power. In the wake of Microsoft Corp.'s $10 billion investment in OpenAI in January, other tech giants raced to partner with leading AI startups through funding and cloud computing deals. Salesforce Inc. led a round in Hugging Face at a $4.5 billion valuation. Alphabet Inc. and Amazon.com Inc. invested billions in OpenAI rival Anthropic. And Nvidia Corp. seemed to back almost every AI startup of note. The net effect is that many of the most promising AI startups now depend heavily on the old guard of dominant tech companies for their financing and infrastructure needs. That dynamic is s...
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Big Tech in charge as ChatGPT turns one
1Dec By adminNo Comments
Technology

Big Tech in charge as ChatGPT turns one

[ad_1] A year after the history-making release of ChatGPT, the AI revolution is here, but the recent boardroom crisis at OpenAI, the super app's company, has erased any doubt that Big Tech is in charge.In some ways, the discreet reveal of ChatGPT on November 30 last year was the revenge of the geeks, the unsung researchers and engineers who have been quietly building generative AI behind the scenes. OpenAI CEO Sam Altman, a well-known figure in technology circles, but still little known beyond that, with the release of ChatGPT made sure that this unheralded AI tech would get the attention it deserves. ChatGPT became the fastest adopted app in history (since taken over by Meta's Threads) as users marveled at the generation of poems, recipes -- or whatever the internet could muster -- in ...
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How big tech generated billions in fines… then didn’t pay them
19Nov By adminNo Comments
Technology

How big tech generated billions in fines… then didn’t pay them

[ad_1] Rarely a month goes by without big tech companies getting fined for price fixing, squashing competitors or misusing data, but it can take years before they pay a penny. Ireland's data regulator confirmed to AFP that Meta has not paid any of the two billion euros ($2.2 billion) in fines issued since last September. TikTok also owes hundreds of millions. Amazon is still appealing against a 746 million euro fine from 2021, Luxembourg's data regulator told AFP. Google is still disputing EU fines worth more than eight billion euros for abusing its market position between 2017 and 2019. Apple has fought for years against a French antitrust fine of 1.1 billion euros and an order to pay 13 billion euros of tax to Ireland. The problem is constant, global and involves tech companies of a...
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5 things about AI you may have missed today: YouTube’s AI song detection, AI could predict heart attack, more
14Nov By adminNo Comments
Technology

5 things about AI you may have missed today: YouTube’s AI song detection, AI could predict heart attack, more

[ad_1] Yesterday, Nvidia unveiled the H200 chip for artificial intelligence models, which will now be the company's most advanced semiconductor. Now today, November 14, things in the AI space has become even more exciting. In the first incident, YouTube announced that it would begin a crackdown on AI-generated deepfakes, especially those that mimic the platform's music industry partners. In other news, a new Oxford study has revealed that AI can help predict the risk of a heart attack as much as 10 years ahead of time. This and more in today's AI round-up. Let us take a closer look.YouTube to begin cracking down on AI-generated songsYouTube is introducing guidelines allowing record companies to request the removal of songs that use AI-generated versions of artists' voices, also known as...
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