Chinese tech giants including Tencent Holdings and Ant Group have signed a pact to stop the secondary trading of digital collectibles and “self-regulate” their activities in the market, Chinese state media reported on Thursday. The companies were among 30 firms and institutes that have agreed to the “Digital Collectible Industry Self-Discipline Development Initiative” in which […]
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Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies’ nascent digital worlds compatible with each other. Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to […]
The House’s assigned Committee to investigate the January 6th Capitol riot issued subpoenas to question four tech giants concerning their platform’s role in endorsing the attach and its causes. Alphabet Inc., Meta Platforms Inc., Reddit Inc., and Twitter Inc. were subpoenaed by the committee following what it considered an insufficient collaboration when it came to providing […]
Asian stocks mostly rose Thursday after the Federal Reserve kept its accommodative monetary policies and signaled that economic recovery was on track. Chinese technology giants led the way, as authorities moved to soothe jitters over anti-monopoly and data security enforcement against the industry. Tokyo’s Nikkei 225 gained 0.4% to 27,687.28, while the Kospi in South […]
Technology companies helped lift stocks higher on Wall Street, nudging the S&P 500 to its third straight all-time high, even as other parts of the market faltered. A burst of buying in the final 10 minutes of trading sent the benchmark index 0.2% higher. The S&P 500 had been down 0.3% earlier amid another bout […]
When Facebook and Twitter moved quickly this week to limit the spread of an unverified political story published by the conservative-leaning New York Post, it led to predictable cries of censorship from the right. But it also illustrated the slippery hold even the largest tech companies have on the flow of information, particularly in the […]
>By BARBARA ORTUTAY AP Technology Writer OAKLAND, Calif. (AP) — For a preview of the future of office work, watch how the biggest tech companies are preparing for a post-pandemic world. Silicon Valley and Seattle giants — Facebook, Microsoft, Apple, Twitter — were the first to send their employees home as the virus spread to […]
After almost ten years of investigation, Apple and two of its wholesale distribution partners have been fined a total $1.24 Billion. Apple will pay a record $1.1 Billion – now, the highest fine ever, issued by the French Competition Authority. Tech Data will have to pay €76,107,989, and Ingram Micro €62,972,668. The companies have been […]
Tech giants are predicted to take up to around 40% of the $1.35 trillion in US financial services revenue from incumbent banks. Three of the largest US based, multinational tech companies — Apple, Google, and Amazon — are increasing their scope and slowing encroaching on financial services and the new era of FinTech. This is […]
BEIJING (AP) — Chinese tech companies including social media giant Tencent were ordered by regulators on Thursday to clean up how their apps handle user information or face possible penalties. The order is the latest in a series of crackdowns by Communist authorities who encourage internet use but are steadily tightening censorship and other controls […]