- 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 unclear, but some speculate it may be linked to the $258 lawsuit filed against Musk by Dogecoin investors. Others thought it could be a late April fools prank. Interestingly, the original logo remained on Twitter’s mobile app, prompting social media users to comment on the update.
Despite initial expectations that the Dogecoin logo would only be temporary, Musk kept it for around three days. It’s not unusual for Musk to make unannounced changes to his online presence, so the duration of the logo switch wasn’t particularly surprising.
So, why did Musk really change the Twitter logo? While there’s no official explanation for the change, it’s possible that Musk was using it as a way to divert attention away from the lawsuit. Whatever the motivation, 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
China has criticized Australia’s decision to impose a ban on TikTok from all devices owned by the federal government, calling 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, Australia treated TikTok differently from other social media platforms and implemented measures that are not beneficial for maintaining national security. The ministry’s comments reflect the ongoing tensions between China and Australia, which have been strained in recent years due to issues such as trade disputes and allegations of foreign interference.
China’s stance highlights its position as a major global player in the tech industry, and it is calling for fair treatment of its companies in Australia. The statement underlines China’s commitment to protecting the interests of its businesses, and urges Australia to reconsider its decision regarding TikTok.