Microsoft and Amazon face UK antitrust probe: Welcome to the Latest News, Buzz page, where we delve into the most recent happenings in the dynamic realm of Technology, Innovation and Latest Buzz. The stories which are, igniting a wave of excitement and curiosity within the industry. In this ever-evolving and infinite landscape, we aim to shed light on the cutting-edge advancements, emerging trends, and groundbreaking innovations that are shaping the future and making impact across the world.
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Today, we will be covering four latest news stories –
- Microsoft and Amazon Cloud Services face UK probe
The the two dominant cloud providers, Microsoft and Amazon, are under scrutiny for potential antitrust violations in the UK. This investigation follows concerns raised by the country’s communications regulator, who has flagged certain market practices, such as charges associated with switching providers, as problematic.
On Wednesday, the UK communications regulator, Ofcom, expressed significant apprehension regarding the conduct of Amazon Web Services and Microsoft, the two leading cloud providers in the country, who collectively hold approximately 70% of the market share. In light of this, the regulator has suggested that the sector be referred to the Competition and Markets Authority for in-depth investigation.
Since October of last year, Ofcom has been conducting a thorough investigation into the cloud sector. In its preliminary findings, the regulator has identified that cloud providers are obstructing customers from switching to a different service, using multiple providers, or enabling their services to “interoperate” with other cloud groups. As a result, Ofcom has initiated a consultation process to consider its proposal and is expected to make a conclusive determination on whether to refer the matter to the Competition and Markets Authority by October 2023.
- Twitter Blue Bird Logo is back, Dogecoin Logo removed
Elon Musk caused a stir when he replaced the Twitter bird logo with the Shiba Inu or Dogecoin logo a few days ago. The reason behind the change is still not clear, but some speculate and assume that it may be linked to the $258 lawsuit filed against Musk by Dogecoin investors. While others thought it could be a late April fools prank. Interesting fact is, the original logo remained on Twitter’s mobile app, prompting social media users to comment on the update.
As expected initially, that the Dogecoin logo would only be temporary, but still it was kept for around three days. It’s not unusual for Musk to make unexpected or unannounced changes and stay active online. It reflects this change of the logo switch, wasn’t particularly surprising.
So, why did this happened? What may be the reason? Seriously, there is no exact reason for it and either no official explanation for the change. One reason can be, is that Elon used it to divert attention away from the lawsuit. But whatever the motivation was, the bird logo is now back, and many are hoping it stays that way.
- Samsung to reduce Chip Production after 96% Drop in Profits
Samsung Electronics Co Ltd, has announced that it will reduce its chip production in response to the semiconductor industry’s downturn caused by a sluggish global economy and decreased demand after Covid-19 pandemic. This decision follows similar moves by smaller rivals who are also struggling with the challenging market conditions.
Preliminary figures from Samsung indicate that its operating profits have plunged by 600 billion in the January-March quarter, a significant drop from the 14 trillion won recorded in the same period last year.
Despite this, the company’s shares rose by over 4% after the announcement.
Samsung has stated that it will significantly lower the production of memory chips, particularly for products with secure supply. The South Korean tech giant is taking this step to address the market’s changing landscape and adjust its business operations accordingly.
- TikTok banned in Australia, China fumes
Recently, Australia has banned TikTok. China is not pleased with it and has criticized Australia’s decision to impose a ban on TikTok. Because of TikTok has banned from all devices owned by the federal government in Australia. China calls it “discriminatory” and harmful to the interests of Australian businesses and the public. In a statement released by the country’s commerce ministry on Friday, China urged Canberra to treat all companies fairly and avoid any policies that discriminate against specific firms.
According to the statement released by Australian Government, they have treated TikTok differently from other social media platforms. Extra security steps have taken and implemented measures that are not beneficial for maintaining national security, according to Australia’s government spokesperson. The ministry’s comments reflect the ongoing tensions between China and Australia, which have been escalated in recent years due to issues such as trade disputes, increasing competition in business and allegations of foreign interference.
China’s response highlights its position as a major global player in the tech industry, and it is calling for fair treatment of its companies in Australia and other parts of the world. The statement underlines China’s commitment to protecting the interests of its businesses, and urges Australia to reconsider its decision regarding TikTok.
