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Amazon, Meta make ‘fair competition’ vows to UK regulator

4Nov

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Technology

Amazon, Meta make ‘fair competition’ vows to UK regulator

[ad_1] Amazon and Facebook owner Meta have both voluntarily committed to changes to their retail platforms to help "protect fair competition", Britain's Competition and Markets Authority (CMA) announced on Friday.The US online giants accepted the "sets of commitments" following separate investigations by the UK regulator into "competition concerns" over their use of advertising data, the CMA said. We are now on WhatsApp. Click to join. It opened the probe into Amazon in July 2022 amid fears the firm was abusing its dominant position as the UK's leading online retail platform by giving its own seller business "an unfair advantage" over independent competitors.Amazon was also accused of favouring sellers that use its own warehousing and delivery services rather than rival logistics busine...

Workers most exposed to AI have little fear, survey shows

[ad_1] The most exposed US workers to tasks that artificial intelligence can perform well largely don't feel their jobs are at risk.Those employees — many of whom work in information, technology and professional services — say that the technology will help them more than hurt, according to a Pew Research Center survey released Wednesday. Those with greater exposure tend to be well educated, earn higher wages and are more likely to be women rather than men. “Asian adults, college graduates and upper-income workers were more likely than other workers to say they think the use of AI in the workplace over the next 20 years will help more than hurt them personally at the workplace,” according to the Pew report. Men were twice as likely to be hopeful about AI than women, the report showed.The...

Chinese Smartphone market may remain weak through 2023, IDC says

[ad_1] Chinese smartphone shipments fell 2.1% in the second quarter, extending a market decline that may persist throughout 2023, research house IDC said. The decline came despite widespread discounting during the “6.18” online shopping festival in June. Apple Inc. was one of the few brands that managed to grow business, by 6.1%, IDC estimated in its latest market report. Shipments from Honor Device Co. and Xiaomi Corp. both declined by more than 17% in the quarter, while Huawei Technologies Co. lifted shipments 76.1%, mainly via the premium P60 series and foldable devices. Oppo maintained pole position with 17.7% market share, followed by fellow Chinese brands Vivo and Honor. China's smartphone market, the world's largest, is struggling alongside a sputtering economy. Shipments have s...