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Apple to open payment chip to third parties and charge fees
TechXplore· 2024-08-15 10:33
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: cottonbro studio from Pexels On August 14, Apple Inc. announced it will begin letting third parties use the iPhone's payment chip to handle transactions, a move that allows banks and other services to compete with the Apple Pay platform. The move follows years of pressure from regulators, including those in the Europea ...
Chinese tech giant Tencent says net profits soar in second quarter
TechXplore· 2024-08-14 13:30
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Chinese internet giant Tencent announced on Wednesday an 82 percent surge in second-quarter net profit, its biggest jump since late 2020, after a resurgence in its gaming business. Tencent is one of the most valuable players in China's tech industry, operating the country's ubiquitous WeChat ...
US considers a rare antitrust move: Breaking up Google
TechXplore· 2024-08-14 11:09
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain A rare bid to break up Alphabet Inc.'s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations. The move would be Washington's fir ...
Roblox was just banned in Turkey to 'protect children.' What's Australia doing?
TechXplore· 2024-08-12 15:05
Core Viewpoint - Roblox, a popular online gaming platform primarily for children, has faced a ban in Turkey due to concerns over child safety and inappropriate content [3][4][9]. User Engagement - Roblox reported an average of 79.5 million daily users in Q2 2024, with users spending a total of 17.4 billion hours on the platform, averaging over 200 hours per user annually or around 40 minutes daily [2]. Regulatory Actions - Turkey's Justice Minister stated the ban was necessary to protect children, citing a 2007 internet governance law [4]. The Adana 6th Criminal Court of Peace ordered the ban, which was implemented swiftly under the law's provisions [5]. Content Moderation Challenges - Roblox has been criticized for insufficient content moderation, with reports of children encountering inappropriate content and harassment [8][9]. In 2023, Roblox made 13,316 reports to the National Center for Missing and Exploited Children, a significant increase from 2,973 in 2022, raising skepticism about the effectiveness of their moderation efforts given the large user base [10]. Global Context - The issue of child safety on platforms like Roblox is not isolated, as other platforms are also facing scrutiny and implementing measures to protect children [11]. Recent efforts include partnerships with third parties to enhance monitoring and safety [12]. Initiatives for Improvement - Roblox has engaged in initiatives to improve safety, such as joining the Australian eSafety Commission's Tier 1 social media program and hiring a director of digital civility to develop educational resources for children [14][15]. Continuous improvement in monitoring systems is emphasized as essential for protecting users [16].
Google the word 'monopoly': Federal judge rules against illegal market control for internet searching
TechXplore· 2024-08-11 10:20
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: CC0 Public Domain Even those of us who Google every day—and that's the vast majority of us—can and should applaud this week's federal court ruling holding that the company is maintaining its dominance in internet search through an illegal monopoly. Google search can simultaneously be a very, very useful product (indeed, ...
California partners with Nvidia to bring artificial intelligence resources to colleges
TechXplore· 2024-08-09 19:41
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain California is partnering with tech giant Nvidia to help train the state's students, college faculty, developers and data scientists in artificial intelligence, officials announced Friday. The initiative is part of an effort to expand resources so students, educators and workers—particularly in ...
Boeing's new CEO visits factory that makes the 737 Max, including jet that lost door plug in flight
TechXplore· 2024-08-08 13:30
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Boeing 777X airplane is shown at the Paris Air Show in Le Bourget, north of Paris, France, on June 19, 2023. Credit: AP Photo/Lewis Joly, File A new chief executive takes over at Boeing on Thursday, and he plans to walk the floor of the factory near Seattle that has become the heart of the aerospace giant's troubles. Rober ...
Siemens profits soar on software demand, AI 'boom'
TechXplore· 2024-08-08 13:20
Core Insights - Siemens reported a significant increase in quarterly profits, attributed to the demand for production software and the growth in artificial intelligence [1][2] - The company’s net profit reached 1.98 billion euros ($2.2 billion) for the period from April to June, marking a 50% increase year-over-year, exceeding analyst expectations [2] - Siemens' electrification arm experienced over 20% growth, while the overall revenue for the smart infrastructure division rose by 10% compared to the previous year [3] Financial Performance - Revenue for the quarter was 18.9 billion euros, with a notable performance in the software business, securing several major contracts [2] - Despite strong performance in certain areas, the industrial automation business saw a 16% decline in orders, and the mobility division, which includes train operations, experienced a 70% drop in orders [4] Market Outlook - Siemens maintains a revenue growth forecast of 4% to 8% for the 2024 fiscal year, which ends in September, although it cautioned that results may lean towards the lower end of this range due to challenging economic conditions in China and Europe [4][5] - The company noted that demand in China remains muted, reflecting broader industrial demand challenges [5]
Buoyed by past success, new CEO Kelly Ortberg will try to turn Boeing around
TechXplore· 2024-08-08 06:36
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A 777-9, the last generation of the 777 family, is seen in Everett, Washington in June 2024. Aviation experts and analysts have been full of praise for Kelly Ortberg, who returns from early retirement Thursday to take up the challenge of turning Boeing around after a series of quality and financial issues. The appointment of 6 ...
Tesla is promising to sell a humanoid robot. It could be the first of many
TechXplore· 2024-08-07 16:03
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Elon Musk's recent announcement on Twitter that "Tesla will have genuinely useful humanoid robots in low production for Tesla internal use next year" suggests that robots that have physical human-like characteristics and provide "genuinely useful" function might be with us soon. However, despi ...