Technology - CybAI news

12 Aug

TalkTalk Owners Provide New Funds to Push Back Maturities

stp2y0 CommentsRAG modelsARES MANAGEMENT CORP - A, Bonds, British Pound Spot, Debt, Generic 1st 'HG' Future, James Smith, Markets, Private Equity, TALKTALK TELECOM GROUP LTD, Technology, TOSCAFUND ASSET MANAGEMENT L, United Kingdom

TalkTalk Telecom Group reached a tentative agreement with lenders on a refinancing that will give the cash-strapped UK broadband provider more time to pay its debts as it struggles with competition and higher costs. Shareholders will provide an immediate £65 million ($83 million) of funding, with a further £170 million to come once binding agreements have been signed, according to a company statement on Monday. Major shareholders and Ares Management Corp. will also contribute further assets to the company, including the Virtual1 business, and the Ovo and Shell-branded customer bases. Source link lol

12 Aug

Instagram Views for Major Accounts Drop With Meta Shunning Politics

stp2y0 CommentsRAG modelsAdam Mosseri, elections, Executives, Hillary Clinton, META PLATFORMS INC-CLASS A, policy, politics, social media, Technology, war, Women's Rights

A new study found that several prominent, progressive Instagram accounts saw their reach decline by 65% on average in the months following Meta Platforms Inc.’s move to subdue political content on the app.Over a roughly three-month period following the policy’s rollout in early March, researchers at Accountable Tech, a social media integrity nonprofit, gathered viewership data for five prominent Instagram accounts with a collective following of 13.5 million people, including those of Hillary Clinton and GLAAD, an LGBTQ activist group. Researchers found that posts from those accounts, which heavily feature topics such as voting information, reproductive rights and advocacy for…

12 Aug

Veon to Delist From Amsterdam Due to Volume and Costs, CEO Says

stp2y0 CommentsRAG modelsAmsterdam, environment, europe, Kaan Terzioglu, london, Moscow, regulation, russia, Technology, TP, US Dollar Spot

Telecommunications company Veon Ltd is delistingBloomberg Terminal from the Amsterdam stock exchange due to low liquidity for the stock in Europe and regulatory costs, according to its chief executive.The Nasdaq-listed firm announced its plan to delist from Euronext Amsterdam earlier this month. It hasn’t made a decision on whether it will shift its Amsterdam headquarters after the move, Kaan Terzioglu said in an interview. Source link lol

12 Aug

Vivendi’s Canal+ Increases Stake in Mauritian Pay-TV Company

stp2y0 CommentsRAG modelsConsumer Confidence, entertainment, europe, Indian Ocean, Indian Rupee Spot, Johannesburg, Markets, Mauritius, MULTICHOICE GROUP LTD, regulation, Technology, VIVENDI SE

Vivendi SE’s Canal+ plans to double its stake in MC Vision to become the majority shareholder of the Mauritian-based digital Pay-TV company, as the French firm seeks to boost its presence on the continent.Canal+ will increase its stake to 75% from 37% for an undisclosed amount, pending regulatory approvals, according to a joint statement published in Le Dimanche/L’Hebdo newspaper. Source link lol

12 Aug

Sea Raises Sellers’ Fees to Above TikTok, Temu to Fatten Margins

stp2y0 CommentsRAG modelsBYTEDANCE LTD, E-commerce, Indonesia, JPMORGAN CHASE & CO, JULY SARL/CAEN, PDD HOLDINGS INC, Philippines, SEA LTD-ADR, Southeast Asia, Technology, Thailand

Sea Ltd.’s Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year, underscoring the Southeast Asia e-commerce leader’s renewed attempt of boosting its bottom line.The moves, which haven’t previously been reported, reflect Sea’s growing confidence it can retain merchants in key markets, despite competition from TikTok, Temu and Lazada. Its commission now exceeds its rivals’, with its fee in Thailand rising to as much as 13% in July from 10% previously, according to its website. TikTok charges as much as 8% and Lazada up to 10%, according to…

12 Aug

Google’s Antitrust Loss Offers Clues to Apple in Fight With Regulators

stp2y0 CommentsRAG modelsALPHABET INC-CL A, APPLE INC, bing, business, fully-charged, Government, INTEL CORP, iphone, MICROSOFT CORP, smartphone, Susan D Wojcicki, Technology, youtube

Apple’s potential loss of its $20 billion search deal with Google may only be the start of its antitrust headaches. But first... Source link lol

12 Aug

Inside Worldcoin’s Orb Factory, Audacious and Absurd Defender of Humanity

stp2y0 CommentsRAG modelsartificial intelligence, BLOOMBERG BUSINESSWEEK, businessweek, crypto, cryptocurrency, engineering, germany, Harvard University, sam altman, san francisco, startups, Technology, TOOLS FOR HUMANITY CORP

The startup, co-founded by Sam Altman, is determined to verify every human on Earth, one iris at a time. Source link lol

12 Aug

India’s Bharti Agrees to Buy 24.5% of Carrier BT From Altice

stp2y0 CommentsRAG modelsacquisitions, advertising, Armando Pereira, BT GROUP PLC, Debt, india, infrastructure, OUTBRAIN INC, Portugal, Technology, United Kingdom

Bharti Global has agreed to buy about 24.5% of BT Group Plc, a deal to invest in a $17 billion British carrier that will accelerate an expansion overseas.Bharti, an affiliate of Indian conglomerate Bharti Enterprises, is buying stock from shareholder Altice UK, it said in a statement. The Indian firm said it has no intention of offering to buy out the rest of BT. Source link lol

11 Aug

The Race Is On to Build The Next Profitable Streaming Service

stp2y0 CommentsRAG modelsadvertising, ALPHABET INC-CL A, business, Executives, media, NETFLIX INC, PARAMOUNT GLOBAL-CLASS B, screentime, Streaming Services, Susan D Wojcicki, Technology, WALT DISNEY CO/THE, youtube

The five major Hollywood streaming services reported a collective profit of $3.2 billion in the first six months of this year. Source link lol

11 Aug

The Fake Indian Cricket League Created for Real Online Betting

stp2y0 CommentsRAG modelsAshok Kumar Singh Chaudhary, BLOOMBERG BUSINESSWEEK, businessweek, Chennai, Farming, Gambling, india, Moscow, pursuits, russia, sports, Technology, youtube

The sun was still rising one peaceful morning in late June 2022 when Constable Abdulgfar Saiyedali received an unusual telephone call from a friend. He was at police headquarters in Mehsana, a city of about 215,000 in the western Indian state of Gujarat, where he works as an officer in the Special Operations Group, a national unit that mainly covers narcotics, weapons and counterterrorism.The friend had a tip for Saiyedali. A perplexing cricket tournament was taking place in Molipur, a farming village about 30 miles away that’s populated largely by Sunni Muslims. The matches looked rudimentary, played by local amateurs…