ByTechVista

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  • Bank of England handed powers to regulate key tech firms including Amazon and Google

    Direct oversight of ‘critical third parties’ such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economy The Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers. From Monday,…

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  • Starmer adviser held 16 undisclosed meetings with top US tech bosses

    Exclusive: Varun Chandra’s talks with Google, Meta, Apple and others raise fears of ‘lobbying behind closed doors’ An influential government adviser close to Keir Starmer and Rachel Reeves held 16 undisclosed meetings with top US tech executives, the Guardian can reveal. The No 10 business aide Varun Chandra discussed regulatory changes, AI and Donald Trump’s…

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  • US tech firm Oracle cuts thousands of jobs as it steps up AI spending

    Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay off Oracle is cutting thousands of jobs as the US technology company seeks to reassure investors that its bet on AI infrastructure will pay off. The $420bn firm, headquartered in Austin, Texas, started making employees redundant on…

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  • What does the disappearance of a $100bn deal mean for the AI economy?

    Apparent collapse of Nvidia–OpenAI tie-up raises questions about circular funding and who will bear the cost of AI’s expansion Did the circular AI economy just wobble? Last week it was reported that a much-discussed $100bn deal – announced last September – between Nvidia and OpenAI might not be happening at all. This was a circular…

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  • TikTok announces it has finalized deal to establish US entity, sidestepping ban

    Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGX TikTok announced on Thursday it had closed a deal to establish a new US entity, allowing it to sidestep a ban and ending a long legal battle. The deal finalized by ByteDance, TikTok’s Chinese owner, sets up a majority American-owned…

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  • Murdoch’s TikTok? Trump offers allies another lever of media control

    Under the known terms of the deal with China, TikTok would get a new board, including Murdochs and Ellisons Donald Trump revealed last week the US and China are close to inking a deal to let TikTok continue operating in the US. Details are not final, but should the agreement go through as has been…

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  • Larry Ellison: Oracle co-founder who overtook Musk as world’s richest person

    Tycoon who briefly surpassed Elon Musk is a friend of Trump, owner of Hawaii island and father of man who took over CBS Larry Ellison, the co-founder of software company Oracle, is having a good year. His friend Donald Trump is in the White House, his son David Ellison has taken over the storied media…

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