Meta has confirmed that it will pause plans to start training its AI systems using data from its users in the European Union and U.K. The move follows pushback from the Irish Data Protection Commission (DPC), Meta’s lead regulator in the EU, which is acting on behalf of several data protection authorities across the bloc. […]
Stripe curbs its India ambitions over regulatory situation
Stripe, the world’s most valuable fintech startup, said on Friday that it will temporarily move to an invite-only model for new account sign-ups in India, calling the move “a tough decision” as it navigates the country’s evolving regulatory landscape. In a statement posted on its website, Stripe said businesses in India will no longer be […]
Paytm counts costs of regulatory clampdown as losses swell
One 97 Communications, the parent company of India’s leading digital payments platform Paytm, widened its consolidated net loss to $ 66.1 million in the quarter ending March, compared to a loss of $ 20.11 million in the same quarter last year as it grappled with a regulatory clampdown. For the full fiscal year 2024, Paytm’s […]
TikTok launches data portability API ahead of Europe’s DMA regulatory deadline
TikTok is introducing a data portability API to help it comply with new European regulations designed to rein in Big Tech’s market dominance through various obligations and restrictions. The European Union (EU) assigned “gatekeeper” status to six tech companies last September, with TikTok parent Bytedance placed in the regulatory firing line alongside Alphabet, Amazon, Apple, […]
The mobile regulatory landscape is changing at an inconvenient time for Apple
The prospect of losing billions in revenue is never good news, even if you are Apple Alex Wilhelm Anna Heim 8 hours TechCrunch primarily covers the startup world, but we keep at least one eye on big tech at all times. And there’s perhaps no story more interesting in the world of technology giants than […]