The company has also stepped up its courtship of machine-learning PhD's, joining Google, Amazon, Facebook and others in a fierce contest
The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "...enormous amounts of consumer data is being generated and leveraged upon by a few entities (the so-called Big Tech) by virtue of their huge customer base. "Such developments raise concerns on concentration risk and potential spillovers as their level of engagement with the financial system strengthens in the years to come," Das said at the Global Fintech Fest 2022.
The comments assume significance as social media companies are facing the deadline of May 25 to comply with the new guidelines for digital platforms.
The updated election ads policy for India will require advertisers to provide a 'pre-certificate' issued by the EC or anyone authorised by the poll panel, for each ad. Further, Google will verify the identity of advertisers before their election ads run on its platforms, reports Peerzada Abrar.
Are the big five using their dominance to shut out rivals? That is the key question, says Prosenjit Datta.
Cos ask US treasury to discuss data localisation norms with Indian officials at all platforms the two countries would meet, including G-20, US-India Strategic Dialogue, and IMF Annual Meet.
A user just needs to download any app floated by such fraudsters and apply for instant loans. These apps are mainly concentrated on Google Play considering the reach and popularity of Android systems.
Ministry of home affairs and the IT ministry are planning to have a series of discussions with representatives from Facebook, WhatsApp, Twitter, and Google on issues around national security and the problem of fake news. Asking for decryption keys from WhatsApp to track conversations on the chat app is also part of the agenda.
While the government's recent moves may have been necessary in some cases, these would have an adverse impact on the investment cycles of some of these companies. The marquee global names are suddenly finding themselves out of favour as local flavour is gaining currency in the run up to 2019 elections.
The exponential number of downloads can be attributed to a call by Prime Minister Narendra Modi, asking people to have the app on their mobiles, combined with the government's push for downloading of the app through other channels, reports Neha Alawadhi.
The Delhi high court on Tuesday slammed the Centre for not enacting a law to prevent persons aged below 13 years from opening accounts in social networking sites like the Facebook or Google.
The parliamentary committee on IT has recently been in the news for asking global representatives of Twitter, Facebook, WhatsApp and Instagram to present their views on misuse of social media platforms and its impact on citizens.
Patil will help shape policies and practices to help the US remain a leader in technology and innovation.
None of the Big Tech companies or tycoons appears to be playing a meaningful role in the testing, spread, cure, or eradication of the virus or even in contact tracing so far, says Prosenjit Datta.
The panel decided to call Twitter officials against the backdrop of growing concerns about safeguarding citizens' data privacy and possibility that social media could be used to interfere in elections.
One of the key concerns for non-users of voice assistants is trust.
The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
The White House has not spelt out regulatory or legislative steps.
The banned Chinese apps, which include TikTok, Shareit and UC Browser, earn revenue mainly from online advertisements, subscriptions, and commissions for selling products. India is the biggest driver of these Chinese apps due to the population. The ban on the 59 Chinese apps will negatively affect the valuations of the companies, especially those going for IPO.
The proposals are mostly based on a report submitted by Justice B N Srikrishna in July 2018. The draft Bill has since gone through at least two updates based on inputs received from industry, report Yuvraj Malik and Peerzada Abrar.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
All the fixes require either the enactment of a data-protection law, or the amendment of our existing competition law. This can take many years. However, there is an opportunity for the government to act immediately if it wishes to, says Sunil Abraham.
The Bill says that the central government, in consultation with the Data Protection Authority, can direct any data fiduciary or data processor to provide non-personal data to enable better targeting of delivery of services. The government can also ask data processors to provide data for formulation of evidence-based policies for its own use.
Aleksandr Kogan, who created tools for Cambridge Analytica that allowed the political consultancy to psychologically profile and target voters, bought the data from the microblogging website in 2015, before the recent scandal came to light.
The Forbes 5th annual '30 Under 30' list features 600 women and men.
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
Zuckerberg is kicking off a tour of Europe on Monday.
Beware, it's not just criminals who want your data!
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
'If a gaming regulator is able to save even a single player's life or is able to just enforce the existing laws of the land, it works,' says cyber policy expert Prashant Mali.
A secret document provided by National Security Agency whistleblower Edward Snowden reveals that only 1 billion of the 1.35 intercepts that the US snooped on are terror related, the rest a breach of privacy. Vicky Nanjappa reports
'AI will be bigger than the advent of the Internet or the harnessing of electricity.' 'India must embrace it with all its might,' says NITI Aayog CEO Amitabh Kant.
A coalition of over 150 US-based academicians back Prime Minister Narendra Modi's visit to Silicon Valley next week and counter refute 130 US-based South Asian academics who oppose the Modi visit and his Digital India initiative.
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The total number of such requests from global law enforcement agencies is over 12,400, Apple said in a report.
Practo is an online health service platform which assists patients to meet the best doctors and keeps digital records.
Like China, India needs to encourage 'hacker clubs' in view of the challenges of virtual terrorism, says Lieutenant General Prakash Katoch (retd)
China has been keeping tabs on the restive Tibet province through a 'grid' system and some 600 'convenience police posts' armed with high-tech equipment that monitor the daily life of the citizens of Lhasa and other Tibetan towns. Worse, 'volunteer security groups' known as 'Red Armband Patrols' are roaming around in order to get more information and 'classify' each and every citizen, says Claude Arpi
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
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