German Antitrust Authority Accuses Apple of Abusing Market Power

2025-02-13
German Antitrust Authority Accuses Apple of Abusing Market Power

Germany's Federal Cartel Office has accused Apple of abusing its market dominance through its App Tracking Transparency (ATT) feature, alleging it gives Apple preferential treatment and harms competitors. This follows a three-year investigation into Apple's ATT, which allows users to block cross-app tracking by advertisers. Apple argues ATT protects user privacy, but this has drawn criticism from Meta, app developers, and startups whose business models rely on ad tracking. German authorities say Apple's actions make it harder for competitors to access user data relevant for advertising. Apple could face daily fines if it fails to address concerns before a final ruling (potentially this year, more likely next). The case was triggered by complaints from associations representing publishers, broadcasters, advertisers, and ad tech firms. Lawyers involved say this is a landmark case, arguing Apple misused privacy concerns to restrict competition in its favor.

Read more

Indonesian Unicorn EFishery Allegedly Inflated Revenue by $600 Million

2025-01-21
Indonesian Unicorn EFishery Allegedly Inflated Revenue by $600 Million

EFishery, a prominent Indonesian agritech startup, is under investigation for allegedly inflating its revenue and profit figures over several years. An internal probe estimates that management falsely reported nearly $600 million in revenue in the nine months to September 2024, representing over 75% of reported figures. Backed by SoftBank and Temasek, EFishery achieved a $1.4 billion valuation. This alleged fraud raises serious concerns about corporate governance and casts a shadow on Indonesia's startup scene.

Read more
Startup

Nvidia CEO Casts Doubt on Imminent Quantum Computing Breakthrough, Sending Stocks Plunging

2025-01-08
Nvidia CEO Casts Doubt on Imminent Quantum Computing Breakthrough, Sending Stocks Plunging

Shares of IonQ and other quantum computing companies plummeted on Wednesday after Nvidia CEO Jensen Huang stated that truly 'useful' quantum computers are likely still two decades away. This announcement dampened recent excitement surrounding the field, following a significant breakthrough by Alphabet last month. Stocks like Quantum Computing Inc., D-Wave, and Rigetti saw drops exceeding 30%, highlighting the market's sensitivity to the timeline of quantum computing's practical applications.

Read more
Tech

Intel's New Laptop Chips Promise Extended Battery Life

2025-01-06
Intel's New Laptop Chips Promise Extended Battery Life

Intel unveiled its new Core Ultra processors at CES, claiming they will significantly extend laptop battery life. Targeted at business PCs and high-end consumer devices, the new chips aim to boost both battery life and AI performance. Tests showed an HP laptop with the new processor running Microsoft Teams for 10.5 hours and Microsoft 365 for 20.3 hours on a single charge, exceeding the battery life of a comparable Qualcomm Snapdragon-powered Dell device. Intel also boasted superior performance in generative AI applications. Processors based on Intel's Arrow Lake and Lunar Lake designs will debut in 2025, initially for business machines before expanding to thin and light laptops, high-performance notebooks, and desktop PCs.

Read more