Tag: Tech
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U.S. sues Apple over ‘smartphone monopoly’ in antitrust lawsuit – National | Globalnews.ca
[ad_1] The U.S. Department of Justice and 15 U.S. states on Thursday sued Apple alleging it monopolized smartphone markets in the first major antitrust effort against the iPhone maker by the Biden administration. Apple joins a list of major tech companies sued by U.S. regulators, including Alphabet’s Google, Meta Platforms and Amazon.com across the administrations…
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Reddit IPO: Stock soars after making public market debut – National | Globalnews.ca
[ad_1] Reddit soared in its Wall Street debut as investors pushed the valued of the company close to US$9 billion seconds after it began trading on the New York Stock Exchange. Reddit, which priced its IPO at US$34 a share, debuted Thursday afternoon at US$47 a share. The going price has climbed even higher since,…
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Big change is the only constant in eco: India Inc – Times of India
[ad_1] MUMBAI: India’s economy is changing fundamentally, and for the better. Tech is a key driver. Finding enough capital is the big challenge. Computer chips and critical materials are among the new stars. And business, the locus of much of this change, must also take the lead in recognising that human enterprise can’t flourish if…
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Ottawa says it ordered national security review of TikTok before U.S. House vote – National | Globalnews.ca
[ad_1] The federal Liberals ordered a national security review of popular video app TikTok in September 2023 but did not disclose it publicly. “This is still an ongoing case. We can’t comment further because of the confidentiality provisions of the Investment Canada Act,” a spokesperson for Industry Minister François-Philippe Champagne said. “Our government has never…
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Will the online harms bill make platforms safer? Canadians split in poll – National | Globalnews.ca
[ad_1] Fewer than half of Canadians believe the federal government’s plan to regulate social media sites will make platforms safer, a new survey suggests. Polling firm Leger recently asked Canadians about the Liberal government’s proposed Online Harms Act, which contains a suite of measures meant to make social media platforms safer, particularly for children. Half…
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Reddit seeks US$6.4B valuation in much-awaited IPO – National | Globalnews.ca
[ad_1] Reddit is aiming for a valuation of up to US$6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most-anticipated stock market debuts of the last few years. The company, along with some of its existing investors, is targeting a sale of…
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With AI, workplace surveillance has ‘skyrocketed’. But are Canadian laws keeping up? – National | Globalnews.ca
[ad_1] Technology that tracks your location at work and the time you’re spending in the bathroom. A program that takes random screenshots of your laptop screen. A monitoring system that detects your mood during your shift. These are just some ways employee surveillance technology — now turbocharged, thanks to the explosive growth of artificial intelligence…
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Electric vehicles will be cheaper to produce than gas cars by 2027: report – National | Globalnews.ca
[ad_1] Descrease article font size Increase article font size Battery electric vehicles will be, on average, cheaper to produce than a comparable internal combustion engine by 2027 thanks to new manufacturing methods that are lowering production costs, market research firm Gartner said on Thursday. Gartner expects production costs to drop considerably faster than the costs…
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U.S. House panel unanimously approves TikTok crackdown bill – National | Globalnews.ca
[ad_1] The U.S. House Energy and Commerce committee on Thursday unanimously approved legislation giving China’s ByteDance six months to divest from short video app TikTok or face a U.S. ban. The 50-0 vote represents the most significant momentum for a U.S. crackdown on TikTok, which has about 170 million U.S. users, which had stalled over…
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Canadian businesses concerned AI bill moving forward without their testimony – National | Globalnews.ca
[ad_1] The Canadian Chamber of Commerce says it is seriously concerned Canadian businesses weren’t able to testify on proposed federal artificial intelligence legislation. While the House of Commons industry committee heard from Big Tech companies, the group says Canadian businesses weren’t given the opportunity to appear in front of MPs on the newer AI piece…