{
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ShareChat has reported a 67% reduction in adjusted EBITDA losses for FY24, down to Rs 793 crore from Rs 2,400 crore in FY23, while total losses before tax decreased by 63% to Rs 1,898 crore. Revenue grew by 33% year-on-year to Rs 718 crore, with the platform achieving profitability and Moj nearing full profitability by FY25. The company boasts over 325 million monthly active users across its platforms.
Google has proposed new changes to its search results in Europe to address complaints from smaller rivals about reduced traffic due to previous adjustments. Under the Digital Markets Act, which prohibits favoritism, the company aims to balance the needs of price-comparison sites, hotels, and retailers while testing a return to a simpler search format in select countries. Violations of the DMA could result in fines of up to 10% of global turnover.
Meta, TikTok, and Google have criticized Australia's proposed legislation that would ban children under 16 from accessing social media platforms, even with parental consent. The law would hold these companies accountable for enforcing the ban, with fines reaching up to A$50 million ($32.5 million) for non-compliance.
Phil Spencer emphasizes the importance of local gaming, while Sony cautiously explores cloud gaming with the PlayStation Portal, offering it as an additional feature rather than a primary focus. Despite past failures like Stadia, the potential for success remains, especially with Sony's experience in the market. Meanwhile, the demand for portable gaming continues to grow, prompting speculation about new hardware from both Sony and Microsoft.
Google celebrated its 20th anniversary in Switzerland, marking the opening of its first European development office in Zurich in 2004. The company now employs around 5,000 people and has fostered a strong relationship with local research institutions, contributing to the creation of 115 companies and over 1,700 jobs. Despite recent workforce reductions, Google continues to focus on artificial intelligence and innovation within the Swiss ecosystem.
UBS has initiated coverage of Arm Holdings with a "buy" rating and a price target of $160, indicating a 20% upside. The firm highlights Arm's potential in AI applications, projecting a 23% CAGR in smartphone royalties and significant market share growth in personal computing and data centers by 2028. Despite a "rich" valuation, UBS remains optimistic about Arm's growth prospects, citing strong R&D investments and enduring royalty streams, while noting risks from geopolitical tensions and competition.
The legal battle against Google, initiated four years ago, has sparked debate over the tech giant's market dominance and its relationship with China. While some, including Trump allies like Peter Thiel, advocate for breaking up Google, others argue for fairer practices without dismantling the company. The ongoing discourse highlights the complexities of Big Tech's influence and the emergence of viable search alternatives.
Amazon has doubled its investment in Anthropic to $8 billion, positioning itself as a key player in the AI landscape and establishing AWS as Anthropic's primary cloud partner. This partnership will leverage Amazon's custom-designed chips for AI model training and deployment, enhancing cost-effectiveness and scalability for enterprise customers. As AI adoption accelerates, this strategic move could reshape the competitive dynamics in cloud AI services, potentially positioning Amazon for long-term success against rivals like Microsoft and Google.
The potential for increased tariffs under a Trump administration raises concerns for startup founders, particularly those in consumer tech and microchip industries, who may pass additional costs onto consumers. While deregulation excites software and cloud-based sectors, the working class faces job disruptions from AI advancements, with many fearing a widening divide between the wealthy and those in physical labor roles. As the venture capital market stabilizes post-pandemic, healthcare startups like LunaJoy remain optimistic about fundraising despite uncertainties surrounding new health policies.
Amazon has announced an additional $4 billion investment in Anthropic, raising its total stake to $8 billion while remaining a minority investor. This partnership designates Amazon Web Services as Anthropic's primary cloud and training partner, enabling AWS customers early access to Anthropic's Claude chatbot features.Anthropic, known for its AI models, recently achieved a milestone with its AI agents capable of performing complex tasks on computers. The collaboration follows significant investments from other tech giants, highlighting the competitive landscape in the generative AI sector.
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