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News on Medial
Apple can’t do cars. Meet the Chinese tech giants that can
Livemint
·
10m ago
Medial
Chinese tech firms such as Baidu, Huawei, and Xiaomi are making their mark in the car industry, leveraging their expertise in software, hardware, and autonomous driving technology. These companies are targeting the Chinese market, where young consumers value software and entertainment systems in cars. Baidu has partnered with Geely to establish JIDU, focusing on providing technology for voice recognition and autonomous driving software. Huawei assists carmakers like Seres with software and hardware in exchange for a percentage of sales. Xiaomi, on the other hand, recently received permission to produce its own vehicles. However, profitability remains a challenge due to regulatory hurdles and intense price competition in China's EV industry.
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Apple will now let users in the EU download apps through web sites, not just the App Store
TechCrunch
·
1y ago
Medial
Apple is allowing developers in the European Union to offer iPhone apps for direct download from their websites, rather than solely through the App Store. This move follows new regulations that require tech giants to comply with the Digital Markets Act (DMA). In order to distribute iOS apps directly, developers must meet criteria set by Apple and agree to new EU business terms, including a core technology fee. Web distribution offers an alternative to App Store distribution and marketplace apps, which allow developers to run their own app stores on iOS.
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Experts fear the DMA won’t change the status quo
The Verge
·
1y ago
Medial
The European Union is taking action to reduce the dominance of tech giants like Apple, Microsoft, and Google in the digital economy. The Digital Markets Act (DMA), which came into effect in 2022, requires these companies to remove unfair advantages that have allowed them to dominate their markets. However, experts believe that the compliance plans announced by these companies are unlikely to result in a loss of power. Apple, in particular, is accused of engaging in malicious compliance and imposing onerous conditions on developers. Critics argue that the changes proposed by the companies do not lead to meaningful changes that challenge their market dominance.
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ByteDance joins OpenAI's Sora rivals with AI video app launch
Economic Times
·
1y ago
Medial
Chinese tech company ByteDance has launched a software called Jimeng AI that can generate videos based on text prompts. This move comes in response to OpenAI's text-to-video model Sora, which was announced earlier this year. Other Chinese companies such as Kuaishou, Zhipu AI, and Shengshu have also entered the text-to-video market. Jimeng AI is available on the Apple App Store for Chinese users, and offers subscription plans that allow for the creation of a specified number of images or videos per month.
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How Big Tech sabotages rival startups — from the inside
Business Insider
·
1y ago
Medial
Big tech giants like Alphabet, Amazon, Apple, Meta, and Microsoft are using a practice called "co-opting disruption" to maintain their dominance and crush potential competition, according to a new paper by scholars Mark Lemley and Matt Wansley. Instead of acquiring startups, the tech giants are strategically investing in and supporting promising smaller companies, then steering them away from truly disruptive innovation and into projects that reinforce the status quo. This approach allows the tech giants to protect their own interests and slow down the pace of innovation by eliminating potential challengers. The paper suggests that regulators need to recognize and address this new form of anticompetitive behavior in order to promote a more competitive and innovative tech industry.
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How China’s EV Boom Caught Western Car Companies Asleep at the Wheel
Wired
·
1y ago
Medial
China's electric vehicle (EV) industry is impressing Western commentators, as tech-heavy yet affordably priced Chinese EVs flood the domestic market. Former Mercedes-Benz executive Mark Rainford, based in Shanghai and operating the "Inside China Auto" YouTube channel, showcases the emergence of cutting-edge Chinese EVs. He emphasizes that these vehicles aren't mere imitations but standards-compliant, innovative road-going "smartphones." Western auto executives have underestimated the rapid growth of China's car companies. Rainford's channel, capitalizing on growing interest in Chinese cars overseas, has garnered hundreds of thousands of views. These "digital bling" EVs challenge established brands with advanced tech features.
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Google, Apple breakups on the agenda as global regulators target tech
Economic Times
·
1y ago
Medial
Big Tech giants like Apple and Google are facing severe scrutiny from antitrust regulators in the United States and Europe. Break-up orders are being considered as potential remedies for alleged anti-competitive practices. If successful, these actions could set a precedent for regulators worldwide to take on Big Tech. Both Google and Apple have vehemently denied the accusations and will likely challenge any lawsuits. The potential break-up of these companies would parallel the historic breakup of AT&T in 1984. However, experts suggest that a breakup may not be the most viable solution due to the complex, integrated nature of these tech giants' ecosystems.
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Toyota lobbies India to cut hybrid-car taxes as much as 21%
Reuters
·
1y ago
Medial
Toyota is urging the Indian government to reduce taxes on hybrid vehicles by up to 20%, stating that they are less polluting than petrol cars but receive unequal policy treatment. While India taxes electric vehicles (EVs) at just 5%, the tax on hybrids can be as high as 43%. Toyota argues for a larger tax differential and requests that hybrid cars be included in the government's incentive program, which currently only applies to EVs. The carmaker plans to expand its production capacity to meet rising demand for hybrids in India.
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China keeps on finding ways to hurt USA Inc.
Business Insider
·
1y ago
Medial
China's Ministry of Industry and Information Technology is reportedly urging domestic electric-vehicle manufacturers to increase spending with local chipmakers, at the expense of US ones, in a move to bolster their domestic industry. The directive aligns with China's efforts to reduce reliance on the US and has already impacted American companies such as Apple and Tesla. By pushing Chinese automakers to prioritize local chip suppliers, the Chinese government is creating another hurdle for US tech companies seeking to do business in China, potentially hurting their revenue and growth.
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US sues Apple, alleges tech giant exploits illegal monopoly
Livemint
·
1y ago
Medial
The US Justice Department has sued Apple, alleging that the tech giant violated antitrust laws by blocking software developers and gaming companies from offering better options on the iPhone, leading to higher prices for consumers. The lawsuit claims that Apple used its control over the iPhone to prevent competitors from offering innovative services and limited the functionality of competing hardware products. Apple plans to defend against the lawsuit vigorously, stating that it would hinder their ability to create technologically advanced products. This case follows antitrust lawsuits against other tech giants, including Amazon, Google, and Meta Platforms.
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Apple's Chinese supplier Luxshare's production of some iPhone 15s doubled in a year
Economic Times
·
1y ago
Medial
Chinese supplier Luxshare Precision Industry, known for producing Apple products, is expanding its business by producing three models of the iPhone 15 series this year. Luxshare's chairwoman, Wang Laichun, revealed that the company has doubled its business in a year and is also preparing for the production of the Apple Vision Pro wearable headset, expected to be available early next year. Luxshare has been increasing its production capacity to meet Apple's requirements and has seen significant growth in recent years as an Apple supplier.
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