Maria Deutscher
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UK updates stance on controversial Online Safety Bill after criticism of encryption proposal
The U.K. government has updated its stance about a controversial bill that could require encrypted messaging apps to be scanned for illegal user content. Arts and Heritage Minister Lord Stephen Parkinson detailed the update in a statement to the U.K. parliament, the Financial Times reported today. In 2021, the U.K. parliament proposed a law called ...
Google tentatively settles antitrust lawsuit over Play Store practices
Google LLC has agreed to settle a lawsuit that accused it of breaching antitrust rules with the Play Store. Reuters reported the development today, citing a court document that was filed on Tuesday. The settlement reached by Google is described as a tentative agreement. It will have to be approved by a court before it ...
EU designates six tech giants as gatekeepers under DMA law
The European Commission today designated Alphabet Inc., Amazon.com Inc., Apple Inc., ByteDance Ltd., Meta Platforms Inc. and Microsoft Corp. as gatekeepers under the European Union’s DMA legislation, making them subject to more stringent regulatory requirements. The DMA, or Digital Markets Act, is a piece of legislation that was rolled out in the EU last year. It’s designed ...
Mujin secures $85M in funding to simplify warehouse robotics
Mujin Corp., a startup that develops warehouse robots and software for managing them, has raised $85 million in fresh funding. The Series C round was announced this morning. It was led by SBI Investment with participation from Accenture plc, Toyota Motor Co. chief digital officer James Kuffner and several other backers. The round brings Mujin’s ...
After scrapped acquisition, Intel inks chip production deal with Tower Semiconductor
Tower Semiconductor Ltd. will use an Intel Corp. fabrication plant in Rio Rancho, New Mexico, to produce power management chips. The chips will be made as part of a manufacturing partnership that the companies detailed this morning. The deal comes about 18 months after Intel made a $5.4 billion offer to buy Tower. Last month, ...
Arm will seek to raise $4.7B+ in its upcoming IPO
Arm Holdings plc hopes to raise as much as $4.87 billion in its upcoming public offering on the NYSE. The U.K.-based chip designer confidentiality submitted its IPO filing in April and publicly released the document last month. In an updated version of the paperwork filed today, Arm shared more details about its stock market plans. ...
Microsoft to discontinue the default WordPad word processor in Windows
Microsoft Corp. plans to phase out WordPad, the free word processor that has shipped with Windows for the past 28 years. The company disclosed the move in a support note released on Friday. “WordPad is no longer being updated and will be removed in a future release of Windows,” Microsoft stated in the brief announcement. ...
Walmart makes $3.5B investment in India’s Flipkart
Walmart Inc. has purchased $3.5 billion worth of shares in Flipkart Pvt. Ltd., India’s largest e-commerce marketplace operator. Walmart disclosed the investment in a Friday filing with the U.S. Securities and Exchange Commission. It bought the Flipkart shares during the six months ended July 31. On July 30, the Wall Street Journal reported that Walmart ...
Rubrik reportedly could go public by year’s end
Data protection provider Rubrik Inc. could hold its initial public offering as soon as this year, Bloomberg reported today. Rumors of a Rubrik IPO have been swirling for some time. In June, Reuters cited sources as saying that the company may go public in 2024 if the IPO market “becomes more welcoming.” Since that report, ...
Malwarebytes lays off 100+ workers ahead of planned company split
Cybersecurity provider Malwarebytes Inc. has laid off more than 100 workers amid a restructuring initiative that will see it split into two companies. TechCrunch first reported the move on Thursday, citing a former Malwarebytes employee. Marcin Kleczynski, the company’s chief executive, confirmed the layoffs to the publication. He said that between 100 and 110 workers ...