Washington: Leading companies globally have started cutting employees on a large scale against the background of the Coronavirus pandemic, inflation outbreak and the looming global recession crisis. Google, the leading company in the field of information technology, also gave an open warning to the employees while indicating the policy in this regard. Predicting big cuts […]
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Washington: – Former US President Donald Trump has announced a new social media network to challenge the oppression by the big tech companies. Trump said that the website would be operational next year and play an aggressive role as a competitor to the Liberal Media Consortium, currently operating in Silicon Valley. Leading social media networks, […]
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Moscow – Russia has approved a new law to curb the monopoly of leading IT companies. Under the law, major IT companies will be required to set up separate branches or subsidiaries in Russia. Failure to do so will result in banning or other penal action against the company. This is the second law passed […]
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Canberra: – Australian Prime Minister Scott Morrison reprimanded Facebook with sharp words; the closure of Facebook services in Australia is a glaring example of what the Big Tech companies can do as they feel they are above the government and no rules apply to them. Such actions justify the apprehensions of other countries towards these […]
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Washington: There are indications that the scale of action initiated by the Trump administration against the big companies, in the information technology sector, will become more comprehensive. More than 20 states in the United States have contacted the central agencies with an insistent demand that they should be included in the action against the Big […]
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Canberra: Following the United States, European Union and France, even Australia has indicated to rein in the bigwigs such as Facebook, Google and alike from the technology sector. The Australian government, in its reports released on Friday, has recommended more regulations on these technology bigwigs like Google and Facebook. ‘Companies like Google and Facebook need […]
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Tokyo: Managing Director and Chairman of the International Monetary Fund(IMF), Christine Lagarde issued a sensational warning saying, “A few companies in the world have a humongous amount of data. These companies can gain control over the economic transactions through artificial intelligence and other technologies and significant disruption to the world’s financial system.” The warning issued […]
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Washington – Silicon Valley Bank’s (SVB) announcement of bankruptcy in the US is the second-largest insolvency case of the bank since 2008. This has caused serious repercussions around the world. Silicon Valley Bank was the leading and the biggest lender to technology startups in various countries, including the US and UK. Israeli Prime Minister Benjamin […]
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New Delhi: Defence Minister Rajnath Singh warned ‘The forms of war are changing in the current times. With the lightning progress in information technology, it is not advisable to be prepared only for an accidental crisis. It has become mandatory to be prepared for threats arising from various quarters. Artificial Intelligence (AI), Big Data and […]
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Washington: The US Department of Justice (DOJ) has decided to institute investigations against the Big Tech resorting to monopolistic practices, using the financial might. Companies like Google, Amazon, Apple and Facebook would be facing the probe, named as the ‘Antitrust Review’. Only last week, a hearing was held of the companies, before the US Congressional […]
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