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Majority of EU countries either rejected or called further examination of network fee levy on big tech
Jun 03,2023
During a meeting led by the EU industry chief Thierry Breton, telecoms ministers from 18 countries either rejected the network fee levy on big tech companies or called for further examination to evaluate its necessity and potential impact. According ...
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Hong Kong and UAE central banks to collaborate on developing regulations for cryptocurrencies
Jun 02,2023
On 29th May, the Hong Kong Monetary Authority (HKMA) met with representatives from the Central Bank of the United Arab Emirates (CBUAE) to discuss cooperation on virtual asset regulations and developments. The bilateral meeting, hosted in Abu Dhabi, ...
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Traditional financial firms building crypto exchange and custody platforms
Jun 01,2023
By the report from the Financial Times, traditional financial firms are building or funding new crypto exchange and custody platforms, hoping to capitalize on their expertise, reputations, and lack of regulatory scrutiny. They believe asset managers ...
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New study highlights economic and geopolitical challenges in EU Data Strategy
May 30,2023
A new study on the EU data strategy reveals economic and geopolitical gaps that need to be addressed. The study, conducted by the Institute for Competitiveness in partnership with other Southern European think tanks, highlights how Europe is lagging ...
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Microsoft accuses CMA of blocking Activision deal
May 30,2023
Microsoft is accusing UK's anti-trust regulator, the Competition and Markets Authority (CMA), of being an outlier in blocking its$69 billion takeover of Activision Blizzard deal, the maker of "Call of Duty." The CMA vetoed the deal in April, citing c...
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Nvidia builds 'Israel-1' AI supercomputer, claims to have ended digital divide
May 30,2023
The world is at a 'tipping point of a new computing era', Nvidia Group has noted at a recent conference at the Computex Forum in Taipei. The company CEO Jensen Huang has claimed 'We have closed the digital divide. Everyone is a programmer now -you ju...
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CFPB to muscle up for AI safety in ensuring automated systems comply with the law
May 29,2023
The Consumer Finance Protection Bureau (CFPB), the agency of the United States government responsible for consumer protection in the financial sector, is taking additional measures to ensure that artificial intelligence (AI) is used properly to avoid...
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Google ordered to pay Sonos $32.5 Million in smart-speaker patent case
May 27,2023
A San Francisco federal jury has ruled that Google must pay$32.5 million in damages to Sonos for infringing on one of the smart-speaker maker's patents in its wireless audio devices. This ruling is part of a broader intellectual property conflict bet...
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USAID launches digital invest program to mobilise private capital for digital finance and internet service providers in developing markets as part of President Biden's global infrastructure initiative
May 27,2023
Within the framework of President Biden's initiative to strengthen global infrastructure, the United States International Development (USAID) kicked off the Digital Invest program under the Digital Connectivity and Cybersecurity Partnership (DCCP). T...
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Nanjing launches Chinese Metaverse Platform
May 25,2023
The Nanjing University of Information Science & Technology held a Metaverse Application Creation and Inaugural Conference of China's Metaverse Technology and Application Innovation Platform. The Metaverse Platform was established to effectively i...
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EU regulators' group sides with Big Tech against telcos' network fee push
May 22,2023
The Body of European Regulators for Electronic Communications (BEREC), which consists of EU telecoms regulators, has criticised the efforts of telecom providers to make Big Tech companies contribute to the cost of 5G and broadband rollout in Europe. ...
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UAE aiming to lead the way in Metaverse innovation with digital smell technology
May 21,2023
The United Arab Emirates (UAE) is embracing the potential of the metaverse and attracting innovative startups in the field. One such startup is Auralink, co-founded by 21-year-old Italian inventor Alistair Pernigo. Auralink specialises in advanced te...
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