Tag: big tech companies

Reddit trumpets revenue source besides ads: Lucrative AI deals
24Feb By adminNo Comments
Technology

Reddit trumpets revenue source besides ads: Lucrative AI deals

[ad_1] Artificial intelligence will become an important part of Reddit Inc.'s business, the company said Thursday in its long-awaited filing for an initial public offering — tapping into a revenue stream that could be both lucrative and controversial. San Francisco-based Reddit, a platform that hosts conversations on thousands of different topics, makes most of its money by selling ads that appear alongside social content. In its filing, the 19-year-old company outlined another line of additional business: selling that content to companies building ChatGPT-like chatbots. Big tech companies, like Google and OpenAI, are willing to pay a lot of money for content to improve their large language models, AI software that is built using troves of data. On Thursday, in addition to its public fi...
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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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‘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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Big Tech’s Growth Status in Doubt With Weaker Sales Outlooks
6Nov By adminNo Comments
Technology

Big Tech’s Growth Status in Doubt With Weaker Sales Outlooks

[ad_1] Earnings for most of Big Tech are out and the group delivered even bigger profits than Wall Street anticipated. The bad news: the outlook for repeat performances in the fourth quarter dimmed. Apple Inc., Alphabet Inc., Meta Platforms Inc. and Tesla Inc. all gave investors reason to fret about growth. From Apple's muted holiday outlook to Google parent Alphabet's lackluster cloud computing sales results, a recurring theme for the cohort was caution. Meta warned that the year ahead is looking less predictable, while Tesla raised concerns that demand for electric cars is starting to weaken. That's stirring angst for investors even as the Nasdaq 100 Stock Index rallied last week, rising 6.5% and clocking in its best week in a year. We are now on WhatsApp. Click to join.“This is all a...
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An app shows how ancient Greek sites looked thousands of years ago. It’s a glimpse of future tech
8Oct By adminNo Comments
Technology

An app shows how ancient Greek sites looked thousands of years ago. It’s a glimpse of future tech

[ad_1] Tourists at the Acropolis this holiday season can witness the resolution of one of the world's most heated debates on cultural heritage.All they need is a smartphone. Visitors can now pinch and zoom their way around the ancient Greek site, with a digital overlay showing how it once looked. That includes a collection of marble sculptures removed from the Parthenon more than 200 years ago that are now on display at the British Museum in London. Greece has demanded they be returned. For now, an app supported by Greece's Culture Ministry allows visitors to point their phones at the Parthenon temple, and the sculptures housed in London appear back on the monument as archaeologists believe they looked 2,500 years ago.We are now on WhatsApp. Click to join.Other, less widely known featur...
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Europe’s new rules for Google, Facebook, TikTok, others about to kick in. Here’s how they work
23Aug By adminNo Comments
Technology

Europe’s new rules for Google, Facebook, TikTok, others about to kick in. Here’s how they work

[ad_1] Google, Facebook, TikTok and other Big Tech companies operating in Europe are facing one of the most far-reaching efforts to clean up what people encounter online.The first phase of the European Union's groundbreaking new digital rules will take effect this week. The Digital Services Act is part of a suite of tech-focused regulations crafted by the 27-nation bloc — long a global leader in cracking down on tech giants. The DSA, which the biggest platforms must start following Friday, is designed to keep users safe online and stop the spread of harmful content that's either illegal or violates a platform's terms of service, such as promotion of genocide or anorexia. It also looks to protect Europeans' fundamental rights like privacy and free speech. Some online platforms, which cou...
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Dominance, data, disinformation: Europe’s fight with Big Tech
28Jul By adminNo Comments
Technology

Dominance, data, disinformation: Europe’s fight with Big Tech

[ad_1] The European Commission, which announced Thursday an inquiry into Microsoft's promotion of its Teams messaging app, has fought US tech giants on fronts from tax avoidance, disinformation and hate speech to data privacy and monopolistic practices.Here is a summary of the tussles between Silicon Valley and Brussels. - Stifling competition -The European Commission on Thursday said it would investigate whether Microsoft was "abusing and defending its market position" by bundling its Teams app with its Office suite. It comes a month after the commission recommended that Google sell off part of its business following a two-year probe into its dominance of online advertising.If Google fails to comply it could face a fine of up to 10 percent of its global revenue under the 2022 Digital M...
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