Tech titans in the spotlight at US antitrust hearing
US lawmakers will grill the chiefs of Amazon, Apple, Facebook and Google Wednesday about how they wield marketplace power in what promises to be a rare political spectacle......»»
Tech advancements in agri sans job threats in Date 2024
Despite the pivotal role of technology, artificial intelligence (AI), and the Internet of Things (IoT) in agricultural development, farmers and laborers in Davao Region face no immediate threat......»»
Globe gets P5 billion from sale of towers
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»
From the Newsrooms: March 17 to 23, 2024
By: CMFR StaffPosted on: March 25, 2024, 8:00 amUpdated on: March 25, 2024, 1:00 am THIS WEEK, "From the Newsrooms" looks at the media coverage of two events. On March 20, a hearing in the House on the Philippine Coast Guard (PCG) revealed that Chinese nationals were included in the Philippine Coast Guard Auxiliary (PCGA). On March 21, Arnolfo Teves, the alleged mastermind of the Pamplona.....»»
Davao City Council moves hearing on traffic-causing road construction works
DAVAO CITY (MindaNews – 26 March) – The Davao City Council rescheduled to Tuesday, April 2, the second hearing on the suspended road construction works in the locality after key officials from the Department of Public Works and Highways (DPWH) – Davao region failed to show up Friday. The DPWH-Davao key officials are reportedly in […].....»»
Revolutionizing women’s healthcare
As Women’s Month continues to shine a spotlight on remarkable women making significant contributions, one name stands out: Dr. Jaycy Violago-Olivarez......»»
DFNN, Spanish partner to revolutionize Philippines tech landscape
Listed DFNN Inc. and Spain’s CIC Consulting Informático are looking to revolutionize the country’s technology landscape......»»
From the Newsrooms: March 17 to 23, 2024
By: CMFR StaffPosted on: March 25, 2024, 8:00 amUpdated on: March 25, 2024, 1:00 am THIS WEEK, "From the Newsrooms" looks at the media coverage of two events. On March 20, a hearing in the House on the Philippine Coast Guard (PCG) revealed that Chinese nationals were included in the Philippine Coast Guard Auxiliary (PCGA). On March 21, Arnolfo Teves, the alleged mastermind of the Pamplona.....»»
The Daily Guardian: Apples Unlikely Partner
Talks of a potential partnership between tech giants Apple and Google have ignited a firestorm of debate in the industry. The focus of this partnership.....»»
Bills vs online piracy to be prioritized with public hearing
Two legislative measures granting additional capability to the Intellectual Property Office (IPO) in curbing online content piracy will be tackled during the recess of the Senate sessions......»»
Microsoft Stock Surges with AI PCs and Copilot News
Microsoft made waves in the tech world today as it announced its first AI-powered PCs at a digital event. The new devices, the Surface Pro.....»»
Mandatory requirement
This case is about the allowance of a Last Will and Testament. The main issue answered here is whether the publication of the notice of hearing to the heirs is sufficient......»»
From the Newsrooms: March 10 to 16, 2024
THE STATE of the ruling alliance has taken back the news spotlight as the President and his predecessor engaged in yet another sharp exchange, suggesting that all is not well in Team Unity. The depth of hostility between the two remains the subject of public speculation.The media this week reported yet another back-and-forth between President Ferdinand Marcos Jr. and the former president, Rodrigo Duterte. The ex.....»»
China, Not Russia, Still Tops List of Threats to US
WASHINGTON - Russia's war in Ukraine - portrayed by top U.S. officials as posing a danger to the United States itself - still trails China when it comes to long-term threats to America's security, according to a top Pentagon official.The warning from Ely Ratner, the Defense Department's assistant secretary for Indo-Pacific security affairs, comes in testimony prepared for a hearing Wednesday by the House Armed S.....»»
CLI secures PCC approval for JV with Singapore builder
Property developer Cebu Landmasters Inc. has received approval from the antitrust body to proceed with its joint venture with a Singapore-based builder for the construction of high-end residences in Cebu City......»»
First power privatization under President Marcosgets PCC nod
The country’s antitrust agency has cleared the first power privatization project under the Marcos administration as the deal is unlikely to reduce competition in the market......»»
OpenAIs Tie-Up Faces Antitrust Probe as Microsoft Denies Stake – The Daily Guardian
Title: Microsoft’s $13 Billion Investment in OpenAI Faces Regulatory Scrutiny Subtitle: Global regulators investigate Microsoft’s financial arrangement with OpenAI, raising concerns over competition in the.....»»
Tech titan Amazon sees profit climb as cloud promises boon
Online retail colossus Amazon on Thursday said profit surged in the recently ended quarter on growing sales and more efficient deliveries, with its cloud business promising even better days ahead. The e-commerce colossus said it made a profit of $9.9 billion on sales that tallied $143.1 billion in the recently ended quarter, with more than half its operating income made from Amazon Web Services (AWS) cloud unit. Google parent Alphabet and computing colossus Microsoft this week reported rising quarterly profits, playing up demand for cloud computing enhanced with artificial intelligence. Investors, though, had hoped for better performance from Google Cloud causing the company's shares to slip. While Amazon Web Services (AWS) grew 12 percent when compared to the same quarter a year earlier, the unit's growth lagged that of rival cloud businesses operated by Microsoft and Google. "I remain very optimistic about AWS," Amazon chief executive Andy Jassy said on an earnings call. "There's a lot more there for us; then you look at the very substantial, gigantic new generative AI opportunity, which I believe will be tens of billions of dollars in revenue for AWS over the next several years." Amazon just weeks ago said it would invest up to $4 billion in AI firm Anthropic. The success of OpenAI's ChatGPT, a chatbot released last year that can generate poems, essays, and other works with just a short prompt, has led to billions being invested in the field. Anthropic agreed to use Amazon's chips to develop its next models and to use AWS for "mission-critical workloads." Amazon has already announced it aimed to soup up its Alexa voice assistant with generative AI, which the firm said would allow users to have smoother conversations. Retail rebound Amazon earnings "soared past expectations" in the quarter, according to Insider Intelligence analyst Zak Stambor. "We had a strong third quarter as our cost to serve and speed of delivery in our stores business took another step forward," Jassy said, adding its ad business grew "robustly" and AWS cloud computing business "continued to stabilize." "The retail giant's slowdown last year appears to be in the rearview mirror as it has embarked on significant cost-cutting throughout this year and sharpened its focus on key growth areas, such as its high-margin online marketplace and advertising," Stambor said. A top US antitrust regulator sued Amazon in September, accusing the online retail behemoth of running an illegal monopoly by strong-arming sellers and stifling potential rivals. "Our complaint lays out how Amazon has used a set of punitive and coercive tactics to unlawfully maintain its monopolies," said Federal Trade Commission Chair Lina Khan. Robots and drones Amazon said Thursday it will hire 250,000 full-time, part-time, and seasonal employees in the United States to handle shopping demand in the months ahead. Amazon said last week that it will expand drone delivery of certain purchases to a third US state as well as to Britain and Italy by the end of 2024. The US firm has installed a new robotics system in one of its Texas logistics centers, featuring technology like automated vehicles, mechanical arms, and computer vision technology. Amazon already uses 750,000 robots in its warehouses to speed up deliveries. "The better they get at delivery, the more it continues to grow the e-commerce market overall and Amazon's place within that market," said Insider Intelligence analyst Andrew Lipsman. But increased productivity via robots won't fix underlying Amazon worker issues, critics say. Amazon early this year eliminated some 27,000 jobs in a move it said at the time was necessary, after years of sustained hiring. Ads shine Advertising continues to be "a major bright spot" for Amazon and it has started using generative artificial intelligence to help sellers create "eye-catching" ads in its online marketplace, analyst Stambor said. Insider Intelligence expects Amazon's US advertising business to bring in nearly $34 billion this year a major leap from before the COVID-19 pandemic. The post Tech titan Amazon sees profit climb as cloud promises boon appeared first on Daily Tribune......»»
Microsoft CEO hits out at ‘dominant’ Google in US trial
Microsoft CEO Satya Nadella told a US court on Monday that Google's dominance of the search engine market made it very hard for rivals to emerge, hitting out sharply at the business practices of his company's archrival. Nadella spoke to a courtroom in Washington DC, where lawyers from the US Department of Justice are attempting to persuade a federal judge that Google has illegally paid billions to Apple and others to preserve its monopoly. Microsoft's Bing has been trying since 2009 to build market share against Google, but Nadella said it could never compete against the search engine behemoth, largely due to its arrangements with Apple. "You can call it popular, but to me it's dominant," Nadella told a Google lawyer during tense cross examination. The three-month trial is the biggest US antitrust case against a big tech company since the same department took on Microsoft more than two decades ago over the dominance of its Windows operating system. Nadella broadly backed the government's contention that Google's intake of data from being the world's preeminent search engine created a network effect that only made Google a more powerful tool to advertisers and users. "It becomes even harder to break through when you don't have (market) share," Nadella said. 'Defaults matter' Nadella said distribution was key to a successful search engine and that his company was prepared to pay Apple dearly to give Bing the default status on the iPhone. "Defaults are the only thing that matters" and arguments by Google that users will easily switch to another app were "bogus," Nadella said. "It would be a game changer (for Bing) to be a default on Safari," he added. Apple instead stuck with Google and receives billions of dollars every year from the search engine giant with a generous revenue sharing deal, earlier testimony has revealed. With his approaches rebuffed by Apple, Nadella said that Bing has remained a very small player. The company has continued to invest in Bing, Nadella said, awaiting a possible "paradigm shift" or some sort of government intervention to restructure the business. The CEO also testified that despite some early "exuberance," he no longer believed the emergence of ChatGPT would reshape Google's dominance of the search business. Microsoft earlier this year moved aggressively to integrate the AI technology into its Bing search engine, creating some expectation that Google's singular position was under threat. Nadella said he was now worried that Google would be able to use its dominance in search to strongarm content providers that are key to training generative AI models. "I worry a lot in spite of my enthusiasm that this vicious cycle can become even more vicious," Nadella said. The post Microsoft CEO hits out at ‘dominant’ Google in US trial appeared first on Daily Tribune......»»
Lina Khan vs. Jeff Bezos: The Real Cage Match of Big Tech
Title: Former Amazon Engineer Labels Jeff Bezos as an “Ordinary Control Freak” as Tech Giant Faces Antitrust Battle in Court Jeff Bezos, the billionaire founder.....»»
Microsoft and Activision add time to seal gaming deal
Microsoft and video gaming giant Activision Blizzard on Wednesday agreed to give themselves more time to complete a blockbuster transaction that still needs a sign off from UK regulators who had earlier rejected the deal. The two companies had previously set 18 July as the cut off point to finalize the $75 billion deal for Microsoft to acquire Activision, which now gets pushed by three months to 18 October. In return, Microsoft agreed to pay Activision an increased break-up fee in case either side walks away from the deal that could reach as high as $4.5 billion, a filing showed. Both sides said they remained firmly committed to the deal and were emboldened by a major victory in a US court which rejected an attempt by the Federal Trade Commission to squash the sale. "The recent decision in the US and approvals in 40 countries all validate that the deal is good for competition, players, and the future of gaming," tweeted Lulu Cheng Meservey, Activision Blizzard's head of corporate affairs. Microsoft President Brad Smith said the extension gave "ample time" to close the sale and that he was "confident about our prospects for getting this deal across the finish line." The acquisition of Activision by Microsoft will create the world's third biggest video-gaming giant and has faced significant scrutiny by antitrust regulators. The companies made substantial commitments to regulators in the European Union and other antitrust authorities in order to win their approval. These answered concerns that Microsoft would bar their rivals access to some of Activision's most popular games, including Call of Duty, one of the world's most popular gaming titles. In April, the UK rejected the deal over its threat to the still developing cloud gaming sector, but agreed to take another look after the FTC's defeat in a US court. The post Microsoft and Activision add time to seal gaming deal appeared first on Daily Tribune......»»