Alibaba's new CEO embraces AI and wants a younger management team
Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history.
2023-09-12 17:51
Microsoft revised deal to buy Call of Duty maker Activision cleared by watchdog
Microsoft has been given approval to buy Call of Duty developer Activision, clearing the way for one of the biggest ever tech deals. The Competition and Markets Authority (CMA) said the Xbox owner could go ahead with the takeover after agreeing to buy Activision without cloud gaming rights. It puts an end to a half-year long battle between the watchdog and Microsoft, having moved to block the deal in April. But businesses and their advisors should be in no doubt that the tactics employed by Microsoft are no way to engage with the CMA Sarah Cardell, CMA's chief executive The new deal, which was initially worth 69 billion US dollars (£56.6 billion at the current exchange rate), will stop Microsoft from having a “stranglehold” over the UK cloud gaming market, the CMA said. The regulator said it would preserve competitive prices for gamers and make sure consumers get more choice. Assassin’s Creed video game maker Ubisoft is set to buy Activision’s cloud gaming rights instead. But the CMA criticised Microsoft for “dragging out” proceedings during its investigation into the merger. Sarah Cardell, the CMA’s chief executive, said: “With the sale of Activision’s cloud streaming rights to Ubisoft, we’ve made sure Microsoft can’t have a stranglehold over this important and rapidly developing market. “But businesses and their advisors should be in no doubt that the tactics employed by Microsoft are no way to engage with the CMA. “Microsoft had the chance to restructure during our initial investigation but instead continued to insist on a package of measures that we told them simply wouldn’t work. “Dragging out proceedings in this way only wastes time and money.” Brad Smith, the president of Microsoft, said the group is “grateful” for the decision to approve the acquisition which he believes will “benefit players and the gaming industry worldwide”. Additional reporting by agencies Read More Incels using TikTok to spread ‘hateful beliefs’, research suggests Duke and Duchess of Sussex call for overhaul of social media Google to trial AI in UK traffic light systems to reduce stop-and-go emissions Broadband customers face £150 hikes because of ‘outrageous’ rises – Which? Rise of AI chatbots ‘worrying’ after man urged to kill Queen, psychologist warns William hails ‘amazing’ eco-friendly start-up businesses
2023-10-13 15:28
'It's robbery': Salvadorans slow to adopt Bitcoin
Two years ago, El Salvador shrugged off a chorus of warnings and adopted Bitcoin as legal tender in a bid to revitalize its economy and...
2023-09-08 03:26
Hedge Funds Pile Into Bullish Oil Wagers Amid Saudi’s Surprise Oil Cut
Hedge funds boosted bullish bets on Brent crude to a six-week high amid Saudi Arabia’s surprise move to
2023-06-10 03:29
EU Eyes Cyber Plan Aimed at Keeping Cloud Data in Europe
The European Union is weighing a plan that would require cloud providers to store all of their data
2023-05-11 23:51
iOS 17: Apple reveals a host of extra updates to new iPhone operating system
Apple has revealed a host of new updates coming to the iPhone. The company launched iOS 17, its new iPhone operating system, this week. It was detailed at its annual Worldwide Developers Conference, which also saw the long-awaited unveiling of its Vision Pro headset. During that event, Apple showed off new features for the iPhone that included new messaging features and the option to twist the iPhone to the side and have it show a special “ambient” mode. But many features appear to have been left without discussion during that same introduction. Now Apple has published a new list of updates that were presumably left out of the update for reasons of time. They include a host of Apple Music features: the ability to make collaborative playlists, control music in the car, sing along to songs in a karaoke mode while seeing video of yourself, and more. Apple also announced offline downloads in Maps, for times when connections may be difficult, and Apple Fitness tools that let users generate a workout routine. Apple News, Podcasts, Apple Books and payments all get other updates. Apple has also added a new ID tool within wallet, that means users can show businesses proof of their age through their phone. That will let people quickly pay for alcohol purchases, for instance, or prove their identity for car rentals, Apple suggested. The full list of updates can be seen on Apple’s website. Unusually, Apple is allowing any users to get hold of the developer version of the new update for free, meaning that it is available right after the launch. But most users are still advised not to install it, given that it might come with potentially disastrous bugs. The public beta version of the software is expected in July. And Apple will fully launch iOS 17 in autumn, usually in September around the same time the new iPhone is launched. Read More ‘I saw the future. It left me in tears’ This could be the end of ‘ducking’ Apple lets people get brand new iPhone update early – but there’s a very big warning
2023-06-09 01:22
Google hit with lawsuit alleging it stole data from millions of users to train its AI tools
Google was hit with a wide-ranging lawsuit on Tuesday alleging the tech giant scraped data from millions of users without their consent and violated copyright laws in order to train and develop its artificial intelligence products.
2023-07-12 05:17
Gfycat is shutting down, so save your best reaction GIFs now
Gfycat is being put down. The GIF-hosting platform has announced it will soon shut down,
2023-07-03 11:59
$2,300 Magic Leap 1 Headset Will Stop Working After 2024
It's probably easy to forget that Magic Leap still exists, but its 5-year-old, first-gen product
2023-09-06 02:19
Apple says it remains worried about risks of EU Digital Markets Act
STOCKHOLM Apple on Wednesday said it remained concerned about privacy and security risks it sees in the new
2023-09-06 17:49
COP28 Latest: New Initiatives Targets Most Polluting Companies
Sign up for the Green Daily newsletter for comprehensive coverage of the climate summit right in your inbox.
2023-12-02 20:57
Google Pays California $93 Million to Settle Privacy Lawsuit
Google has agreed to pay the state of California $93 million to settle a lawsuit
2023-09-17 03:15
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