Technology News
Latest developments in technology, innovation, and digital trends
Meta removed 4 million accounts, 36 million posts over child exploitation
Addressing the controversy directly for the first time, Meta said it had already begun taking action before the issue was flagged publicly.
CCI okays upGrad-Unacademy merger, clears path for major edtech consolidation; details here
The Competition Commission of India has approved upGrad's acquisition of Unacademy's parent company, Sorting Hat Technologies.
Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
Amazon plans to raise at least twenty-five billion dollars through a new bond sale. This move aims to fund the company's significant investments in artificial intelligence technology. Other major tech firms are also tapping debt markets for similar costly AI …
New Nasdaq 100 ETF to launch soon, BlackRock fund to give investors exposure to AI-driven tech rally
BlackRock is launching the iShares Nasdaq 100 ETF to capitalize on strong demand for AI-driven technology stocks. The fund will compete with established Nasdaq-100 offerings from Invesco and State Street, expanding BlackRock's lineup of index-based investment…
Nigeria to investigate tech firms over news content use
Nigeria's President Bola Tinubu has ordered a probe into major technology companies. The competition regulator will investigate alleged anti-competitive practices and unauthorized news content use. This inquiry examines complaints from Nigerian media groups a…
India emerges as preferred election management partner as Indonesia eyes EVMs
An upcoming agreement between India and Indonesia will enhance cooperation in election technology. This collaboration will enable both nations to share best practices and strengthen their election authorities' capabilities. India's innovative Electronic Votin…
Seoul dives on tough day for Asia as Samsung fails to ease tech woes
Seoul stocks led Asian market losses as Samsung's shares tumbled significantly. Investors remained cautious despite strong earnings and AI-driven demand for memory chips. Wall Street indexes reopened with gains, easing worries over a tech sector retreat. Oil …
Samsung’s Q2 profit jumps 19-fold to 89 trillion won on AI memory demand
Samsung Electronics guided to second-quarter operating profit of about 89.4 trillion won ($58.4bn) on Tuesday, roughly 19 times what it made in the same period a year earlier and, by most counts, the largest quarterly operating profit any technology company h…
South Korean law targeting false online information takes effect
South Korea enacted a new law targeting online misinformation and fake news. This legislation imposes stricter penalties on individuals who repeatedly spread false content. Major digital platforms must now implement systems for reporting and addressing allege…