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European project Eurosky aims to reduce reliance on US tech giants - The Economic Times

Economic Times

Economic Times · 1m ago

European project Eurosky aims to reduce reliance on US tech giants - The Economic Times

The Eurosky initiative, backed by four European governments, aims to create a decentralized moderation platform to reduce reliance on US tech giants like Meta's Facebook. Spurred by polling data showing strong European demand for local social media, Eurosky intends to offer a non-profit moderation service for social platforms. The project emphasizes digital sovereignty and addresses content moderation barriers. Recent shifts from US-based to European tech providers reflect concerns over digital control and sovereignty.

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Microsoft looks to boost AI performance in European languages - The Economic Times

Economic Times

Economic Times · 1m ago

Microsoft looks to boost AI performance in European languages - The Economic Times

Microsoft is investing millions of dollars to enhance AI performance in European languages by developing multilingual data, especially in lesser-represented languages like Estonian and Greek. The investment involves setting up research units in Strasbourg to digitize books and record audio. The data will be released as open-source, aiding public use. This initiative aims to preserve cultural diversity, reduce dependency on English, and support European technological sovereignty, amid heightened concerns over US tech dominance.

Amazon shuts down Shanghai AI research lab: FT report - The Economic Times

Economic Times

Economic Times · 1m ago

Amazon shuts down Shanghai AI research lab: FT report - The Economic Times

Amazon is closing its Shanghai AI lab amid rising US-China tensions, aligning with increased US scrutiny on American companies in China. This move is part of Amazon's global strategy to cut jobs, similar to actions by other tech giants like Microsoft and Meta, who are focusing more on artificial intelligence. The lab shutdown reflects strategic shifts in response to geopolitical challenges and broader industry trends towards AI reliance.

Germany slams Donald Trump tariffs, US tech titans in crosshairs

Economic Times

Economic Times · 4m ago

Germany slams Donald Trump tariffs, US tech titans in crosshairs

German Chancellor Olaf Scholz criticized new US tariffs as "fundamentally wrong," warning that the European Union might retaliate by targeting American tech giants. The tariffs, unveiled by President Trump, could harm global trade and economies. Economy Minister Robert Habeck mentioned potential EU tax measures against US tech firms. As Germany faces significant impact due to its major exports, business groups decried the tariffs as a threat to international trade and economic stability.

OpenAI’s secret weapon against Nvidia dependence takes shape

Arstechnica

Arstechnica · 6m ago

OpenAI’s secret weapon against Nvidia dependence takes shape

OpenAI is developing its first custom AI chip to reduce dependency on Nvidia. Partnering with TSMC for production, the chip aims primarily at running AI models rather than training. Led by former Google chip designer Richard Ho, the $500 million project may start mass production in 2026. OpenAI joins tech giants like Microsoft, Amazon, and Google in creating proprietary chips to reduce costs and tackle shortages of Nvidia GPUs.

Google App Store Monopoly: Did we miss building MSeva?

Money Control

Money Control · 1y ago

Google App Store Monopoly: Did we miss building MSeva?

The article highlights the need for more choices in app stores in India. It discusses Google's dominance in the global app ecosystem and the recent removal and reinstatement of Indian apps from the Google Play Store. The article argues that the power of tech giants like Google raises concerns about monopoly control and the need for alternative platforms. It also mentions initiatives by companies like PhonePe to foster competition and create a localized mobile app store economy in India. The article emphasizes the importance of developing indigenous solutions to reduce reliance on global tech giants and promote digital self-reliance.

Nasscom to launch US CEO Forum in NY to boost India-US tech, innovation ties - The Economic Times

Economic Times

Economic Times · 1m ago

Nasscom to launch US CEO Forum in NY to boost India-US tech, innovation ties - The Economic Times

Nasscom is launching the US CEO Forum in New York to enhance India-US tech collaboration. The Forum will involve Indian tech CEOs and US stakeholders in strategic discussions on innovation, enterprise, policy, and talent development. With ongoing engagements planned across US tech hubs, it aims to foster growth, co-innovation, and policy alignment. Positioned as a leadership platform, the Forum seeks to strengthen the India-US tech corridor, promoting digital transformation and economic growth.

Expect market to open up by end of FY26: Angel One group CEO Kenghe - The Economic Times

Economic Times

Economic Times · 1m ago

Expect market to open up by end of FY26: Angel One group CEO Kenghe - The Economic Times

Angel One CEO Ambarish Kenghe anticipates business recovery by FY26 as regulatory and economic pressures ease, despite recent profit declines. The firm is diversifying beyond broking into wealth management, lending, and mutual funds, leveraging AI for personalization and efficiency. Angel One aims to reduce its dependence on stockbroking by expanding its offerings and enhancing customer experience. Competitors like Groww and Zerodha are also diversifying to mitigate revenue reliance on stockbroking.

EU lawmakers back law to boost domestic clean tech production

Economic Times

Economic Times · 1y ago

EU lawmakers back law to boost domestic clean tech production

The European Parliament has approved a new law aimed at bringing renewable energy and green technology production within the European Union (EU) borders to 40%. The Net Zero Industry Act will help the EU compete with the US and China in the clean technology sector. The EU is concerned about its reliance on China for manufacturing capacities in solar power, and the potential impact of the US Inflation Reduction Act on European producers. The law aims to streamline permitting processes and prioritize sustainability and resilience in public purchases of clean tech products. Achieving the target will be challenging for the solar sector, where EU manufacturers have a small market share.

EU denies picking on US tech giants, says US also tackling monopolisation

Economic Times

Economic Times · 5m ago

EU denies picking on US tech giants, says US also tackling monopolisation

The European Union's new Digital Markets Act (DMA) is designed to keep digital markets open and is not specifically targeting US tech giants, according to EU officials. In a response to US congressmen's concerns, EU antitrust and tech leaders emphasized that the DMA applies to any company meeting specific criteria, regardless of headquarters' location. They reiterated the act’s goal of preventing unfair practices by gatekeepers, fostering innovation and competition, similar to US antitrust actions against dominant tech firms.

Europe is looking for alternatives to US cloud providers

Arstechnica

Arstechnica · 5m ago

Europe is looking for alternatives to US cloud providers

In reaction to concerns about privacy, data access, and a changing political landscape, Europe is exploring alternatives to US cloud providers. European organizations, citing fears of US tech companies being weaponized against their interests, are considering moving away from dominant providers like Google Cloud, Microsoft Azure, and AWS. Increased reliance on European cloud firms like Exoscale and Elastx reflects a desire for technological independence. However, shifting away from established services poses challenges due to infrastructure complexities.

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