OPENAI ANTICOMPETITIVE PRACTICES
Microsoft faces wide-ranging US antitrust probe
The FTC is probing Microsoft's software licensing and cloud practices. The investigation focuses on potential anti-competitive behavior. Microsoft is accused of making it difficult for customers to switch from its Azure cloud. The FTC is also reviewing Microsoft's cybersecurity and AI products. This investigation follows complaints from competitors like Google.
OpenAI offers lavish compensation to staff; here's how much employees get paid
Elon Musk is taking on OpenAI, accusing it of turning its back on its nonprofit roots and monopolizing the generative AI market through massive investments and extraordinary employee compensation.
Nvidia fails to impress growth-hungry investors, shares fall
Nvidia's recent quarterly forecast didn't meet high investor expectations, leading to a 6% drop in its shares and affecting other chipmakers. Despite robust growth and a $50 billion share buyback, concerns remain about the long-term viability of generative AI and regulatory scrutiny. Nvidia's forecast for the coming quarter was close to analysts¡¯ estimates.
As regulators close in, Nvidia scrambles for a response
Nvidia's dominance in AI chip sales, with a 90% market share, has led to inquiries from the EU, Britain, China, and the U.S. Justice Department. The company is now focusing on building its Washington presence and legal defenses to address antitrust concerns, while managing high demand for its GPUs and new acquisitions.
European regulators crack down on Big Tech
EU regulators probe Big Tech. Apple addresses DMA breaches, Spotify's complaint. Microsoft leaves OpenAI¡¯s board. Meta's consent model, CrowdTangle features, Facebook, Instagram¡¯s child safety scrutinized. Google fined 2.42 billion euros. Amazon's DSA compliance checked. NVIDIA faces French probe. TikTok, Meta gatekeeper disputes. Italy fines Facebook, Meta. Germany ends Google probe. UK investigates cloud market. Spain suspends Meta products.
Explained: Why is France targeting Nvidia?
France's antitrust regulator is set to charge Nvidia in relation to alleged anti-competitive practices. The move comes after dawn raids by French authorities in September last year, which sources said targeted Nvidia. The raids were the result of an ongoing probe into the cloud computing industry.
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Digit cuts valuation for IPO; Internet firms vs Google in NCLAT
Insurtech startup Digit is eyeing a discounted $3 billion valuation through its proposed public offering. Details on this and more in today¡¯s ETtech Top 5.
Microsoft hit with Spanish startups' complaint about cloud practices
The US tech giant ranks second in the cloud computing sector, behind market leader Amazon but is expected to close the gap rapidly as a clutch of generative AI features powered by OpenAI's technology attract business users.
A look at how European regulators are cracking down on Big Tech
Here is look at some of the actions taken by European watchdogs to keep a tab on big technology companies.
Amazon reports better-than-expected revenue and profits for the third quarter
For the three months that ended on Sept. 30, the company said it earned $143.1 billion in revenue, a 13% increase compared to the same period last year. Amazon made $9.9 billion in profits, topping analysts' expectations and sending its stocks higher in after-hours trading.
Explainer: Why is France raiding a graphics card company?
A raid by French authorities of the offices of a technology firm named as Nvidia in media reports is the latest among a string of such actions by European regulators as they look to check the dominance of Big Tech companies from thwarting competition.
Dunzo¡¯s business in free fall; PB Fintech¡¯s Yashish Dahiya on opportunities in credit & more
Talk about being caught in a downward spiral. Cash-starved Dunzo has sharply scaled down operations to about a fifth from last year¡¯s peak in a move to save cash, while fresh funds aren¡¯t forthcoming. This and more in today¡¯s ETtech Morning Dispatch.
ONDC vs Zomato, Swiggy; WestBridge closes in on Milky Mist funding
Happy Monday. We are kicking off the week with a packed edition of ETtech Morning Dispatch. You can¡¯t have missed all those social media posts talking about the government-backed Open Network for Digital Commerce (ONDC) over the last few days. ONDC is looking to challenge food-delivery biggies Swiggy and Zomato through a price war. We have details on what¡¯s going on.
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