Search results for "big tech"

China fines internet giants in anti-monopoly cases

Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined 500,000 yuan ($75,000) each for actions including acquiring stakes in other companies that might improperly increase their market power, the State Administration for Market Regulation […]

CodeFlare: An open-source framework for machine learning

IBM introduced on Wednesday its latest open-source serverless framework, with the solemn purpose of simplifying integration and efficient scaling of big data and artificial intelligence (AI) workflows into its hybrid cloud. IBM’s recent technology, CodeFlare, is designed at the rank of a promising open-source distributed computing framework for machine learning (ML) applications commonly referred to […]

Telenor sells off Myanmar operations to Lebanese investment firm

Facing extreme pressure from Myanmar’s Junta, Norwegian operator Telenor has sold it’s operations within the country to Lebanese investment firm M1 Group for $105 million, the company said in a statement on Thursday.   “Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of $105 million, of which $55 […]

Can the telecoms industry boost sustainability?

Although not the biggest culprit of heightened carbon emissions and waste production by far, the telecommunications industry must still make its operations, products and services more sustainable. What should telcos focus on to reduce their environmental impact?   The telecommunications industry contributed 2.6 percent of total global carbon dioxide (CO2) emissions in 2020, according to the European Telecommunications Network Operators’ (ETNO) Association.   Although the sector isn’t as energy or resource-intensive as the likes of electricity production and […]

Apple halts ByteDance attempt to bypass ATT

In an unprecedent effort, ByteDance, owner of popular video-sharing app TikTok, attempted to bypass Apple’s App Tracking Transparency (ATT) measures in collaboration with a several other Chinese tech company, but Apple managed to halt any peculiar activity that might jeopardize their users’ privacy.  This transpired as Chinese tech companies attempted to switch to their new […]

Amazon begins new chapter as Bezos hands over CEO role

Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon’s biggest shareholder with a stake worth about […]

Scale, details of massive Kaseya ransomware attack emerge

Cybersecurity teams worked feverishly Sunday to stem the impact of the single biggest global ransomware attack on record, with some details emerging about how the Russia-linked gang responsible breached the company whose software was the conduit. An affiliate of the notorious REvil gang, best known for extorting $11 million from the meat-processor JBS after a […]

In crosshairs of ransomware crooks, cyber insurers struggle

In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for extortion routinely try to learn how much cyber […]