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: Employees applaud as the first customers enter the store to buy the Apple iPhone 15 series at The Grove Apple store in Los Angeles, California, on September 22, 2023. Call it a "walled garden" or an ecosystem, but at the heart of Thursday's blockbuster US lawsuit against Apple are the many ways the company gets customers to rema ...

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 The US government Thursday sued Apple claiming the tech behemoth illegally maintained a monopoly for its iPhone by stifling competition and imposing high costs on consumers—the latest in a string of legal headaches facing the firm. Here are the key allegations concerning its main recent legal ...

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: According to the lawsuit, rules and decisions have been designed to force Apple users into staying in the Apple ecosystem and buying the company’s iconic yet expensive hardware, the iPhone. The US Department of Justice sued Apple on Thursday for illegally maintaining a monopoly for its iPhone by stifling competition and imposing ...

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: Apple CEO Tim Cook attended the opening of his company's newest store in Shanghai, amid growing worries over the iPhone maker's market share in China. Chinese Apple superfans jostled to enter the smartphone maker's newest store in Shanghai as it opened on Thursday night—but they were upstaged by dozens of retirees eager to nab c ...

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 The Justice Department is poised to sue Apple Inc. as soon as Thursday, accusing the world's second most valuable tech company of violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone. The suit, which is expected to be filed in federal court, ...

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: Armand Valendez from Pexels Meta, Microsoft, X and online dating giant Match Group hit at Apple on Wednesday for overcharging on app purchases. The four companies filed a rare joint amicus brief in a California court in charge of applying a ruling that Apple must allow companies to link to alternative payment options o ...

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: US President Joe Biden speaks at the Intel Ocotillo Campus in Chandler, Arizona. US President Joe Biden unveiled almost $20 billion in grants and loans Wednesday for Intel's domestic chip-making plants—his administration's biggest investment yet in the sector as he takes on China's chip dominance and sells his economic achieveme ...

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 An Nvidia executive and San Jose's mayor touted Silicon Valley's artificial intelligence and innovation boom at a packed event for startups and entrepreneurs during the tech titan's GTC 2024 gathering. Tech innovators crammed into the grand ballroom of a downtown San Jose hotel Monday evening to netwo ...

Core Viewpoint - Tencent reported its lowest annual profit since 2019, with a total net profit of 115.2 billion yuan ($16.0 billion) for 2023, despite a slight recovery in China's economy and a more lenient regulatory environment [1][2]. Financial Performance - Tencent's total revenue for 2023 reached 609.0 billion yuan ($84.6 billion), marking a 10 percent increase year-on-year [2]. - The company plans to increase its share repurchase scheme to over HKD100 billion ($12.8 billion) in 2024, more than doubling the previous year's amount [2]. Regulatory Environment - The Chinese government has relaxed its regulatory approach towards the tech sector, which had been under strict oversight since 2020 [2]. - New game approvals remain a significant hurdle, with the issuance of licenses frozen for nine months in 2021, and the approval process has not returned to previous efficiency levels [3]. AI Development - Tencent is focusing on artificial intelligence (AI), launching Hunyuan, an AI-powered chatbot aimed at competing with ChatGPT [4]. - Hunyuan is recognized as a top-tier foundation model, excelling in numerical reasoning, logical inference, and multi-turn conversations [4]. - Despite the AI push, gaming continues to be Tencent's most critical business segment [4][5]. Strategic Moves - Tencent is looking to strengthen its position in the gaming sector by acquiring stakes in emerging studios, particularly in Europe [5]. - The company is cautious about large investments in AI, potentially lagging behind first movers in the sector by one to two years [5].

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: Google and other online platforms have been accused of making billions from news without sharing the revenue with those who gather it. French regulators said Wednesday they were fining Google 250 million euros ($272 million) for breaching commitments on paying media companies for reproducing their content online and for using th ...