Big tech – InfoStride News

Simple Reason the tech giants are in haste to develop their own chips

Abiodun A. — Wed, 08 Sep 2021 05:33:06 +0000

Not content with relying on standard chips that are in high demand; some of the world’s biggest tech firms are developing their own semiconductors. Apple, Amazon, Facebook, Tesla and Baidu are all shunning established chip firms and bringing certain aspects of chip development in-house; according to company announcements and media reports. “Increasingly, these companies want [...]

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Russia fines US tech giants Facebook, Twitter and WhatsApp nearly half million dollars over refusal to stop sending user data abroad

Abiodun A. — Sat, 28 Aug 2021 05:41:34 +0000

Three of the world’s largest internet companies have been hit with hefty financial penalties; after a Russian court ruled they had fallen foul of rules requiring them to process users’ private data exclusively within the country. On Thursday, media watchdog Roskomnadzor issued a statement confirming that; Moscow’s Tagansky Court had slapped steep fines on three [...]

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RBI says Google, Facebook’s growth poses stability risk

Abiodun A. — Fri, 02 Jul 2021 20:02:19 +0000

India’s central bank warned about the growing presence of technology giants in the country’s digital financial services as well as payment systems which could pose a financial stability risk. In its semi-annual financial stability report, the Reserve Bank of India (RBI) flagged concerns over what it called ‘Big Techs;’ saying they have the potential to [...]

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Here’s how big tech companies celebrated Juneteenth

Abiodun A. — Sun, 20 Jun 2021 19:38:25 +0000

Big tech companies observed Juneteenth by offering education resources during the week of the newly official U.S. holiday. President Joe Bidensigned a bill to made Juneteenth a federal holiday on Thursday afternoon. The holiday, which landed on June 19 every year, commemorates the ending of slavery in the U.S. Tech companies’ reactions came after a [...]

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New tax regime won’t push Big Tech firms out of Ireland

Abiodun A. — Tue, 08 Jun 2021 20:32:54 +0000

While the 15% tax rate proposed by the Group of Seven rich nations is higher than Ireland’s current 12.5% levy for businesses; it’s still below the 20% or more companies would face in countries like the U.S. or France. The country also has tax treaties with other nations that allow multinational businesses to pay a [...]

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