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Google and Australia's national newswire strike AI deal - The Economic Times
Economic Times
·
22d ago
Medial
Australia's national newswire, Australian Associated Press (AAP), has partnered with Google to provide content for Google's Gemini AI, enhancing its real-time information delivery. This collaboration aims to improve the accuracy and timeliness of AI responses. Announced recently, the deal highlights AAP's status as a trusted news source. The tech industry is increasingly forming such partnerships to ensure relevancy in AI-generated responses. Financial details of the agreement were not disclosed.
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Google to pay $36 million fine for anticompetitive deals with Australia's largest telcos - The Economic Times
Economic Times
·
24d ago
Medial
Google has agreed to pay a AU$55 million fine for anti-competitive agreements with Australia's Telstra and Optus. These deals restricted rival search engines on Android phones, reducing consumer choice. The Australian Competition and Consumer Commission said these agreements, in place for 15 months, ended in March 2021. Google will remove certain restrictions from contracts with manufacturers and telcos, aligning with evolving AI-driven search tool competition. This settlement addresses the commission's competition concerns.
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Australian regulator sues Google over anti-competitive Search deals - The Economic Times
Economic Times
·
24d ago
Medial
Australia's regulator, the ACCC, sued Google over anti-competitive deals with Telstra and Optus. Between December 2019 and March 2021, Google allegedly made arrangements to pre-install Google Search on Android phones sold by these telecom companies, in exchange for ad revenue shares. Google admitted liability and agreed to a A$55 million penalty and commitments to remove certain pre-installations. This decision aims to enhance search engine competition and consumer choice in Australia.
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Meta signs $10 billion-plus cloud deal with Google - The Economic Times
Economic Times
·
20d ago
Medial
Meta has entered a $10 billion cloud computing deal with Google over six years, leveraging Google’s datacenter servers and services to advance its AI initiatives. Aiming for “personal superintelligence,” Meta’s CEO Mark Zuckerberg emphasizes significant AI infrastructure investments. This agreement marks one of Google Cloud's largest deals and aligns with Meta’s strategic focus on AI, amidst fierce industry competition. Despite robust financial results, Meta faces questions about its AI future.
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Infosys expands tech ties with Australia's Telstra - The Economic Times
Economic Times
·
1m ago
Medial
Infosys has expanded its collaboration with Australia's Telstra to enhance technology leadership and innovation. Serving as the strategic partner for Telstra International, Infosys aims to advance the company's Connected Future 30 initiative. This partnership will employ an AI-first approach to modernize critical systems, enhance connectivity, and boost business growth. According to Chris Ellis of Telstra, this collaboration is crucial for strengthening product engineering and accelerating digital experiences.
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US defense department awards contracts to Google, Musk's xAI - The Economic Times
Economic Times
·
1m ago
Medial
The U.S. Department of Defense awarded contracts worth up to $200 million each to OpenAI, Google, Anthropic, and Elon Musk's xAI. These contracts aim to develop advanced AI capabilities to tackle national security challenges. The initiative, driven by a White House order, highlights AI's transformative impact on military operations. The contracts, including xAI's "Grok for Government" products, enhance AI use across federal agencies, addressing concerns about competitive AI contracting in government operations.
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Australia's WiseTech to cut some jobs in AI-driven efficiency push - The Economic Times
Economic Times
·
1m ago
Medial
Australia's WiseTech Global is cutting some roles in a workforce review aimed at maximizing efficiency through automation and AI use. The company, known for its CargoWise platform, has approximately 3,500 employees worldwide. While the exact number of job cuts wasn't disclosed, impacted employees are being supported with professional outplacement services. This move aligns with industry trends where tech firms, including Microsoft, Amazon, Meta, and Alphabet, have reduced headcounts to invest in AI infrastructure.
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Google’s antitrust suit: SC admits cross appeals - The Economic Times
Economic Times
·
1m ago
Medial
The Supreme Court of India has admitted cross-appeals from Google, its related entities, and the Competition Commission of India (CCI) against the National Company Law Appellate Tribunal’s (NCLAT) decision from March. The NCLAT largely upheld CCI's findings that Google abused its dominance in the Android ecosystem, particularly through Play Store policies and preferential promotion of Google Pay. The Supreme Court will review the appeals in November, with focus on data practices and penalties.
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Google to help build cyber protection for Australian infrastructure
Economic Times
·
1y ago
Medial
Google and Australia's national science agency, CSIRO, are collaborating to develop software that detects and fixes network vulnerabilities for critical infrastructure operators. The software will be customized to meet Australia's regulatory requirements and will benefit organizations like hospitals, defense bodies, and energy suppliers. This partnership aims to address the increasing number of cyberattacks and strengthen cybersecurity measures. Google's existing open source vulnerability database and storage cloud will be integrated with CSIRO's research methods. The project findings will be publicly available to enhance compliance and trustworthiness in critical infrastructure operations.
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Trump's unusual Nvidia deal raises new corporate and national security risks - The Economic Times
Economic Times
·
1m ago
Medial
President Trump made a groundbreaking deal with Nvidia and AMD, allowing them to resume AI chip sales to China in exchange for giving the US government 15% of the related revenue. This move has raised concerns over setting a "pay-for-play" precedent, undermining export controls and possibly reshaping future technology negotiations. Critics, including US lawmakers and analysts, worry about potential national security risks and the legal implications of such a revenue-sharing arrangement.
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Industry video game actors pass agreement with studios for AI security - The Economic Times
Economic Times
·
2m ago
Medial
Hollywood video game voice and motion capture actors, represented by SAG-AFTRA, have reached a new contract with video game studios, ending a nearly year-long strike. The agreement focuses on AI protections, ensuring ethical AI use, consent requirements, and safety measures for performers. It also includes pay increases over the upcoming years. This development highlights broader industry calls for legislative protections, such as the NO FAKES Act, against unauthorized AI replicas of individuals' likenesses and voices.
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