Sunday, April 30, 2023
AIIMS INI CET 2023 Admit Card releasing today on aiimsexams.ac.in, details here
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Karan Johar vents about punctuality
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International Labour Day 2023: History, Theme, Significance and Quotes
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Anushka Sharma's goofy clicks!
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BPSC 68th Mains Admit Card 2023 released on bpsc.bih.nic.in, download link here
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Rakesh Roshan remembers Rishi Kapoor
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Saturday, April 29, 2023
Rishi Kapoor’s priceless family photographs
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KVS Non Teaching Result 2023 declared for JSA, Steno and Finance Officer on kvsangathan.nic.in
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Sooraj: Messaged Salman after acquittal
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Inclusion of Data Insights will make GMAT assessment qualitative
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Vyjayanthimala on her favourite dance numbers
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PICS: Team Badhaai Do celebrates Filmfare win
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Friday, April 28, 2023
Filmfare Awards 2023: Salman, Govinda reunite
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Taylor Swift sings with Matt Berninger
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Here's What Microsoft Can Do in $69 Billion Activision Deal After UK Ban
Britain's Competition and Markets Authority (CMA) on Wednesday blocked Microsoft's $69 billion (nearly Rs. 5,64,100 crore) acquisition of Call of Duty maker Activision Blizzard over concerns it would hinder cloud gaming.
The ruling was a shock after the regulator had already resolved its concerns about the consoles market, a sector dominated by Sony's PlayStation and Microsoft's Xbox, which dwarfs cloud gaming.
Is the deal dead?
Not necessarily. Microsoft said it remained fully committed and would appeal.
The regulator's decision reflected a flawed understanding of the market, it said.
How does the appeal process work?
Microsoft can appeal to Britain's Competition Appeal Tribunal (CAT), an independent judicial body, which will only examine the CMA's decision-making process, not the merits of the merger.
Microsoft will not be able to offer new remedies at this stage, such as offering to keep Activision content off its Xbox Game Pass, a subscription service for Xbox users, in Britain, as some analysts suggest.
"The CAT will not engage with the merits of the CMA's decision or conduct a wholesale review of the parties' evidence," said Edward Lane, senior associate at law firm Harbottle & Lewis, where his particular focus is on creative industries, including film, TV, video games and music.
What's next?
Microsoft must appeal by May 24 and a decision may take many months.
"The CAT aims to deal with 'straightforward' cases in under nine months – and Microsoft/Activision is anything but straightforward," Lane, said.
What happens if Microsoft wins?
The Tribunal will return the case to the regulator for further review. Microsoft can then offer new concessions.
"The likelihood is that without a material change in circumstances or new evidence, the CMA is most likely to reach the same conclusion as it did first time around," said James Groves, a competition associate at European law firm Fieldfisher.
What about other regulators?
European regulators will rule on the world's biggest gaming deal by May 22. The US Federal Trade Commission filed a complaint to block the deal, which Microsoft has indicated it will fight.
If either of those blocks the deal, it could be game over, Lane said.
If the EU goes against it, Microsoft would be fighting an increasingly uphill battle and could decide to cut its losses, even if that would mean paying Activision a hefty $3 billion (nearly Rs. 2,450) break fee.
What has happened to other CMA appeals?
Facebook-owner Meta appealed a 2021 decision by the CMA to block its acquisition of Giphy, seen as a test case for the British regulator's resolve to take on "Big Tech".
Meta succeeded on a single procedural ground, with the decision otherwise upheld. The CMA considered new submissions, but it came to the same view and Meta had to sell animated images platform Giphy.
Global financial services company FNZ appealed a block on its 2019 merger with rival GBST. The regulator then "identified certain potential errors" in its investigation chaired by Martin Coleman, who also oversaw the Microsoft-Activision case.
The CAT sent the case back to be reconsidered, and the CMA agreed to accept a new remedy whereby FNZ could sell GBST and then buy parts of it back.
© Thomson Reuters 2023
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Pushpa 2 parts to be shot in foreign locations
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MediaTek Shifts Focus to Cars, AI Amid Supply Glut in Smartphone Market
Taiwan's top chip design company MediaTek is focusing more resources on chips for cars and AI computing as its smartphone clients face a supply glut and inflation and macroeconomic uncertainty dent demand for consumer electronics.
"We are definitely moving our resources very, very rapidly towards the automotive and computing areas, because those areas will provide our growth in the next three to five years," MediaTek Chief Executive Rick Tsai told an earnings call.
"In this very demanding environment, we are not reducing people. We're not increasing either. The critical thing is to allocate those precious resources," he said.
Tsai said everyone, including MediaTek, was rushing to claim that they were able to support generative artificial intelligence, such as ChatGPT.
"We're confident that we will be able to provide the capability to our customers," Tsai said.
MediaTek is investing heavily in AI because the new areas the company is focusing on are all related to computing, Tsai said. The development of autonomous vehicles, for instance, requires AI chips.
While smartphone demand has remained lacklustre in the first quarter, the company expects signs of recovery later this year.
"Demand for certain consumer electronics such as smartphones is weaker than we expected," Tsai said. "As customers remain cautious about future demand, we expect our mobile revenue to be flattish in the second quarter and to improve in the second half."
© Thomson Reuters 2023
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Thursday, April 27, 2023
Filmfare Awards 2023: Best dressed actors
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Suhana rattles the internet with bikini pic
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iPhones, AirPods Replaced With Replicas by E-Commerce Delivery Executive in Gurugram
A delivery executive of an e-commerce firm allegedly stole 10 iPhones by replacing them with dummy phones on the way to deliver them to the customer here, police said on Thursday.
Station in-charge of Matrix Finance Solution, which delivers Amazon's parcel, Ravi in his complaint alleged that on March 27 delivery executive Lalit was handed over a customer's parcel, which contained 10 iPhones and an AirPods, at his address, they said.
However, instead of delivering the parcel, Lalit replaced the iPhones with replicas and sent his brother Manoj to deposit them back to the company claiming that the customer could not be contacted, Ravi said in his complaint.
Suspecting some tampering with the packaging, the parcel was opened and the delivery company found the fake phones inside, police said.
Meanwhile, upon not receiving his parcel, the customer also cancelled his order, they said.
An FIR has been registered against Lalit under sections 420 (cheating), 408 (criminal breach of trust by employee) of the Indian Penal Code at Bilaspur police station on Wednesday, they said.
Efforts are on to nab the accused who is absconding, they said.
Meanwhile, Rajeev Chandrasekhar, the deputy minister for information technology, said that the US tech giant Apple could double or triple investments in India, along with exports, over the next few years as the company opened a second store in the world's biggest smartphone market after China.
Apple mainly assembles iPhones in India through Taiwan contract manufacturers but plans to expand into iPads and AirPods, as it looks to cut reliance on China.
Its iPhones made up more than half of total smartphones worth about $9 billion (roughly Rs. 74,000 crore) exported from India between April 2022 and February, data from the India Cellular and Electronics Association shows.
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Microsoft Hits Back at UK Regulator's Decision to Block Activision Acquisition
Microsoft's president Brad Smith said the UK regulator's decision to prevent its acquisition of Call of Duty maker Activision Blizzard "had shaken confidence" in Britain as a destination for tech businesses.
The Competition and Markets Authority (CMA), which operates independently from government, blocked the deal on Wednesday, saying it could hit competition in the nascent cloud gaming market.
Microsoft hit back on Thursday, saying it was "probably the darkest day in our four decades in Britain" and sent the wrong message to the global tech industry about the UK.
"If the government of the United Kingdom wants to bring in investment, if it wants to create jobs (...) it needs to look hard at the role of the CMA, the regulatory structure in the United Kingdom, this transaction, and the message that the United Kingdom has just said to the world," he told BBC radio.
A spokesman for British Prime Minister Rishi Sunak said Smith's comments were "not borne out by the facts."
"We continue to believe that the UK has an extremely attractive tech sector and a growing games market," he said. "We will continue to engage proactively with Microsoft and other companies."
Smith said Microsoft had worked effectively with regulators in Brussels but not in London, which he said refuted Britain's claim that it would be more flexible after Brexit.
The company had answered the CMA's questions, he said, and it had told them to come back with any more concerns. "They went silent, we heard nothing from them," he said.
"There's a clear message here — the European Union is a more attractive place to start a business if you want some day to sell it than the United Kingdom," he added.
But CMA Chief Executive Sarah Cardell said the regulator's role was to make sure Britain was a competitive environment for businesses to be able to grow and thrive.
"The decision that the CMA takes is an independent decision that we reached looking at an overall assessment of the impact of the deal on competition, and we think that is the right decision for the UK," she said.
She noted the US Federal Trade Commission was also pressing for the deal to be blocked on competition grounds.
Microsoft said yesterday it would appeal, with "aggressive" support from Activision.
Appeals against CMA rulings are heard by the Competition Appeals Tribunal, which makes a judgment on the merits of the decision. It will not be an opportunity for Microsoft to submit new remedies.
© Thomson Reuters 2023
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Wednesday, April 26, 2023
PC's stunning looks for 'Citadel' promotions
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Bhumika felt bad for not being invited to TKSS
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Microsoft, Alphabet, Other AI Companies Urged to Prioritize Security Measures for New Technologies
The chair of the Senate Intelligence Committee on Wednesday urged CEOs of several artificial intelligence (AI) companies to prioritize security measures, combat bias, and responsibly roll out new technologies.
Democratic Senator Mark Warner raised concerns about potential risks posed by AI technology. "Beyond industry commitments, however, it is also clear that some level of regulation is necessary in this field," said Warner, who sent letters to the CEOs of OpenAI, Scale AI, Meta Platforms, Alphabet's Google, Apple, Stability AI, Midjourney, Anthropic, Percipient.ai, and Microsoft.
"With the increasing use of AI across large swaths of our economy, and the possibility for large language models to be steadily integrated into a range of existing systems, from healthcare to finance sectors, I see an urgent need to underscore the importance of putting security at the forefront of your work," Warner said.
Earlier this month, Senate Majority Leader Chuck Schumer said he had launched an effort to establish AI rules and address national security and education concerns, as use of programs like ChatGPT becomes widespread.
Schumer, a Democrat, said in a statement he had drafted and circulated a "framework that outlines a new regulatory regime that would prevent potentially catastrophic damage to our country while simultaneously making sure the US advances and leads in this transformative technology."
ChatGPT, an AI program that recently grabbed the public's attention for its ability to write answers quickly to a wide range of queries, in particular has attracted US lawmakers' attention. It has become the fastest-growing consumer application in history with more than 100 million monthly active users.
Microsoft is a big investor in OpenAI, which created ChatGPT. The software company and Google have been pouring billions of dollars into AI to gain an edge amid heightened competition in Silicon Valley.
© Thomson Reuters 2023
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Today's Top 10 from ETimes
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Alia: We don’t want to post Raha's pics on SM
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Tuesday, April 25, 2023
Anu Aggarwal on her comeback after 25 yrs
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Breath-taking looks of Huma Qureshi
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Composer Sajid remembers his brother Wajid
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Delhi HC orders to take down Jawan leaked clips
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KKBKKJ suffers a huge drop on Tuesday at BO
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Today's Top 10 from ETimes
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Monday, April 24, 2023
Masterson drugged, raped women: Prosecutor
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NEET UG 2023 exam city slip likely today on neet.nta.nic.in, check details here
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IIT JAM 2023 admission application window closing today, apply on jam.iitg.ac.in
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Vijay and Tamannaah spotted on a dinner date
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Aaliya on taking her family feud in public
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Sunday, April 23, 2023
ICAI CA June 2023 Foundation exam mock test begins; check details here
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Salman's pics that set the internet on fire
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COMDEK UGET 2023 Registration process closes today, apply here
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JEE Main Result 2023: Expected date and time
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Manoj Bajpayee: Life has never been better
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Varun wishes Gigi Hadid a happy birthday
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Saturday, April 22, 2023
Stars who didn't audition for iconic roles
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LIC ADO Mains 2023 Exam Today: Check admit card link, important instructions here
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World English Day 2023: History, Theme and Significance
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Adipurush looks remarkably improved
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Celebs arrive for Arpita Khan's Eid party
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Celebs arrive for Arpita Khan's Eid party
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Friday, April 21, 2023
G20 meet: 100 stalls to come up at exhibition on Future of Work
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Not Rani, Mahima was the original cast in HKDA
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Big B continues to humorously rant about Twitter
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Yami Gautam completes 11 years in Bollywood
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Today's Top 10 from ETimes
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