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...China has introduced new guidelines that will mean US microprocessors from Intel and AMD are phased out of government PCs and servers, as Beijing ramps up a campaign to replace foreign technology with homegrown...
...Though TikTok remains unprofitable because of its heavy investment in global expansion, ByteDance as a whole recorded $28bn in net profit for 2023, the people with knowledge of its finances said....
...sanctioned Chinese fabs like [those of] SMIC or YMTC, it would not be good for the relationship between the US and South Korea,” said Gregory Allen, director of the Wadhwani Center for AI and Advanced Technologies...
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...If found guilty of non-compliance, companies face hefty fines that could amount to up to 10 per cent of their global turnover....
...A loss would set a “dangerous precedent” by allowing the government to influence how technology markets developed, it added....
...But in an important sense there is only one question that matters, and it’s not about numbers: can Reddit become a global phenomenon on the model of Meta, or even close?...
...It would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology.”...
...Roughly half of global gig workers now belong to a formal group or union, or have taken part in industrial action, a 2021 survey of nearly 5,000 workers found....
...Companies that violate the new EU law face fines of 10 or 20 per cent of their global revenue. For Apple, that would be $77bn....
...The note’s from Andrew Garthwaite, UBS head of global equity strategy, whose team has (belatedly) published its 10 potential surprises for 2024. None represents the bank’s core views....
...This uplift comes as the technology industry has been battling a global downturn....
...Renesas bought Apple supplier Dialog for €4.8bn ($5.6bn) in 2021 and splashed out over $10bn on both US rival Integrated Device Technology in 2019 and US chipmaker Intersil in 2017....
...In the technology sector they are more popular than rigid dividends. Markets can reward their introduction and enlargement as a sign of confidence....
...The world’s biggest technology companies have pledged to fight “deceptive” artificial intelligence-generated content from interfering with global elections this year, as fears mount over the impact of misinformation...
...That’s a wildly imperfect comparison, but it’s close enough to show that 15 years into its existence, Uber’s profits still look nothing like a technology company’s (Alphabet and Meta’s returns are close...
.... ©2024 Nikkei Inc. All rights reserved....
...Plus, TikTok’s global content is an important part of its appeal. Separation, and the complexity of a split, would reduce the app’s value even further. elaine.moore@ft.com...
A serious bill would restrict the sale of data collected by any social media app, regardless of who owns it
...“Medium to long term, there are three or four big global streaming players. I believe that WBD is an anchor tenant,” he said. Max will have more than double the amount of content available on HBO Max....
...Developers must also pay a core technology fee of €0.50 per install after the first 1mn downloads each year for sideloaded apps....
...Lossmaking photo-messaging company Snap this month announced it would cut a tenth of its global workforce as it struggles to recover from a slump in digital advertising....
...And digital technology allows for much larger DSPs than previously imaginable; some 70,000 Deliveroo customers bought into the online food delivery company’s IPO in London via the PrimaryBid platform....
From geopolitical risk to capricious US decision-making, investors face uncertain times
...Under co-founder Travis Kalanick, the company had raised huge amounts of capital in an aggressive global push to dominate the ride-sharing market....
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