Tag: tech

NEWS

EU Tech Tsar Vestager Sees Political Agreement On AI Law This Year 

TAKASAKI, JAPAN — The European Union is likely to reach a political agreement this year that will pave the way for the world’s first major artificial intelligence (AI) law, the bloc’s tech regulation chief, Margrethe Vestager, said on Sunday. This follows a preliminary deal reached on Thursday by members of the European Parliament to push through the draft of the EU’s […]

BUSINESS

Tech Giants Rake In Massive Profits

Tech giants have seen a massive increase in profits following consumers’ appetite for new digits, cloud services, and games. Apple’s profits nearly doubled to US$21.7 billion in the three months to June 30 as customers bought pricier 5G iPhones. Microsoft saw a $16.5 billion profit – up 47% year-on-year, due to demand for cloud services and games. Google’s parent company, Alphabet, […]