Tech
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Malaysia to move to dual network model for 5G after expanding coverage
Malaysia on Wednesday said it would move to a dual network model for its 5G rollout after coverage reaches 80%, a move that follows widespread concerns about pricing and competition. For now, the rol…
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Mastercard seeks to expand crypto card tie-ups
Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company’s head of crypto and blockchain said, even as the sector comes under close…
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Pinterest, Snap tumble 18% as outlooks disappoint investors
Shares of both Pinterest Inc and Snap Inc tumbled about 18% on Friday after the two social media companies’ quarterly reports spooked investors worried about weak digital ad spending. Their disappoin…
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Twitter to take 10% cut on content subscriptions after 12 months
Twitter Inc CEO Elon Musk said on Friday that the social media platform will take a 10% cut on content subscriptions after the first year, as the company looks to monetize content on the website in a…
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Italy lifts ban on ChatGPT after OpenAI responded to regulator
The ChatGPT chatbot was reactivated in Italy after its maker OpenAI addressed issues raised by Italy’s data protection authority, the agency and the company confirmed on Friday. Microsoft Corp-backed…
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Snap misses revenue expectations, warns on second quarter outlook
Snap Inc on Thursday missed analyst expectations for quarterly revenue as changes to its advertising platform hurt demand for ads, and warned results in the next quarter could fall below Wall Street’…
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Sony expects profit to slip despite record PlayStation 5 sales
Sony Group Corp on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets g…
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EU proposes new copyright rules for generative AI
Companies deploying generative AI tools, such as ChatGPT, will have to disclose any copyrighted material used to develop their systems, according to an early EU agreement that could pave the way for …
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Brazil court suspends Telegram for not complying with order on neo-Nazi groups
A Brazilian court on Wednesday ordered a temporary suspension in the country of the encrypted messaging app Telegram until it complies with an order to share information on extremist and neo-Nazi gro…
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UK watchdog defends Microsoft block in face of onslaught from companies
The boss of Britain’s antitrust regulator said blocking Microsoft’s acquisition of ‘Call of Duty’ maker Activision Blizzard was the right decision for the UK after both companies said it sent the wro…