U.S.

US FTC Seeking Information on Cloud Providers’ Market Power

The Federal Trade Commission said on Wednesday it is seeking information from the public on cloud computing companies’ business practices including details on their market power, competition and potential security issues. The U.S. cloud computing business is dominated by four providers that include Amazon.com Inc , Microsoft Corp, Alphabet Inc’s Google and Oracle Corp. None […]

UK Says Broadcom’s $61 Billion VMware Deal Could Hurt Server Competition

Britain’s competition regulator said U.S. chipmaker Broadcom’s acquisition of VMware could make servers more expensive, and it would refer the $61 billion deal to an in-depth inquiry unless its concerns were addressed. Broadcom agreed to buy the cloud computing and virtualisation company last year to diversify into enterprise software. Britain’s Competition and Markets Authority (CMA) […]

TikTok CEO: App Has Never Shared US Data with Chinese Government

TikTok’s chief executive will tell lawmakers the Chinese-owned short video app with more than 150 million American users has never, and would never, share U.S. user data with the Chinese government amid growing U.S. national security concerns. “TikTok has never shared, or received a request to share, U.S. user data with the Chinese government. Nor […]

Australia Could Reap $11.3 Billion from Battery Sector by 2030 - Accenture

Australia’s revenue potential from developing a battery industry has doubled to A$16.9 billion ($11.28 billion) by 2030 in less than two years, highlighting the speed of the sector’s expansion and the need to act quickly, an Accenture report showed on Wednesday. Australia’s battery industry is poised to become a global leader given the country’s mineral […]

U.S. Seeks to Prevent China from Benefiting from $52 Billion Chips Funding

The U.S. Commerce Department on Tuesday released proposed rules to prevent $52 billion in semiconductor manufacturing and research funding from being used by China and other countries deemed U.S. adversaries. The proposal limits recipients of U.S. funding from investing in the expansion of semiconductor manufacturing in foreign countries of concern like China and Russia and […]

'Dear friends' Xi and Putin Meet in Moscow as Ukraine War Rages

Chinese President Xi Jinping met his “dear friend” Vladimir Putin in Moscow on Monday, seeking both to deepen economic ties with an ally he sees as a useful counterweight to the West and to promote Beijing’s role as a potential peacemaker in Ukraine. Xi was the first leader to meet the Russian president since the […]

U.S. Supreme Court Asked to Decide if AI Can Be a Patent 'inventor'

A computer scientist who has waged a global campaign for patents covering inventions conceived by his artificial intelligence system asked the U.S. Supreme Court on Friday to hear his case. Stephen Thaler petitioned the high court to review an appeals court’s decision that patents can only be issued to human inventors and that his AI […]