Russia’s Yandex reports Q1 revenue rise as market awaits spin-off news

[ MOSCOW (Reuters) – Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a much anticipated corporate spin-off. Yandex’s Nasdaq-listed and Dutch-registered parent, Yandex NV, in February struck a $5.2-billion deal after months of … Read more

Millions of Android users warned of chilling attack that can see everything on their screen and leave accounts empty

[ ANDROID users have been warned of a fresh cyber threat that can see everything on their screen before raiding their accounts. The chilling spyware can capture touches, swipes, information displayed, text input, and applications opened, according to experts at ThreatFabric. 1 Can you tell the difference between the real and the fake?Credit: ThreatFabric They … Read more

Microsoft expands its AI empire abroad

[ The overnight success of OpenAI’s ChatGPT thrust generative AI as Silicon Valley’s latest tech revolution, lifting Microsoft, OpenAI’s main backer, to become the world’s most valuable company. Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is … Read more

Japan to levy big fines with new app rules

[ TOKYO: Japan’s cabinet approved April 26 legislation that would slap major fines on tech giants like Google or Apple if they block access to third-party smartphone apps and payment systems. Similar to the European Union’s new Digital Markets Act, behaviour deemed anti-competitive could see operators fined up to 20% of their revenues in Japan. … Read more

Inside Big Tech’s underground race to buy AI training data

[ NEW YORK: At its peak in the early 2000s, Photobucket was the world’s top image-hosting site. The media backbone for once-hot services like Myspace and Friendster, it boasted 70 million users and accounted for nearly half of the US online photo market. Today only two million people still use Photobucket, according to analytics tracker … Read more

ByteDance says ‘no plans’ to sell TikTok after US ban law

[ A new US law requires TikTok to sever all ties with its Chinese parent ByteDance or face a ban in the United States. Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform … Read more