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ACCC Report Big Techs Growth Requires Updated Regulations for Fair Play

The ACCCs report on digital giants—Amazon, Apple, Google, Meta, and Microsoft—finds no direct evidence of anticompetitive behavior but suggests up

The ACCCs report on digital giants—Amazon, Apple, Google, Meta, and Microsoft—finds no direct evidence of anticompetitive behavior but suggests updated regulations due to their vast expansion into new markets. ACCC Chair Gina CassGottlieb notes potential market dominance risks despite recognizing the benefits of connected services. Concerns involve bundled services, preinstalled apps, default settings, and selfpromotion, potentially establishing these firms as market gatekeepers. Cloud storage practices limiting consumer options and data collection by these companies, particularly with smart home devices, raise concerns about the necessity and extent of collected data. Read More..

B2B Tech News | 3 months ago      

Google Slides Gets Recording Feature Create Engaging Presentations Easily

Google Workspace introduces a slides recording feature on Chrome for Google Slides users, enabling recording presentations with embedded webcam and vo

Google Workspace introduces a slides recording feature on Chrome for Google Slides users, enabling recording presentations with embedded webcam and voiceover. Available for Workspace Business, Enterprise, and Education customers soon, this feature simplifies sharing engaging video presentations without thirdparty tools. Users can leverage computer cameras and microphones for voice and video input without additional tools. Instructions for recording involve selecting Rec, choosing Record new video, initiating recording, and saving to Drive, capped at 30 minutes per session, counting towards Google Drive storage. Exclusive to Google Chrome on desktop, recordings are stored in a designated "Slides Recordings" folder in Drive, accessible via the Drive mobile app but not creatable or viewable within the Slides mobile app. Read More..

B2B Tech News | 3 months ago      

Streamlined Navigation Google Drive Overhauls Home Page for Efficiency

Google Drive is undergoing a transformation with its home page, aiming to improve file discovery and speed up access to essential documents. Utilizing

Google Drive is undergoing a transformation with its home page, aiming to improve file discovery and speed up access to essential documents. Utilizing Googles machine learning, the update offers tailored suggestions based on various factors like recent activity and connected Calendar events. The revamped homepage introduces Filter Chips for easy file sorting by type, people, dates, and locations, enhancing organization and collaboration. Following Material Design 3 guidelines, the visual overhaul focuses on streamlined navigation and a modern interface. Users can opt out if they prefer the previous setup by accessing My Drive and selecting the Change to My Drive option. The rollout began on November 28, with gradual deployment, ensuring a more personalized and efficient Google Drive experience. Read More..

B2B Tech News | 3 months ago      

Amazon Introduces AI Chatbot Q to Revolutionize Business Productivity

Amazon has unveiled its AIpowered chatbot, Q, aimed at enhancing business productivity by summarizing documents, managing group chats, and providing v

Amazon has unveiled its AIpowered chatbot, Q, aimed at enhancing business productivity by summarizing documents, managing group chats, and providing various support functions. Following OpenAIs ChatGPT success, tech giants are racing to integrate AI bots into their services. Amazon assures protection against copyright issues, an area where OpenAI faced lawsuits. Q will gradually integrate into Amazons primary business applications, offering features like customer support, data analysis, and coding assistance. This move reflects the intensifying competition in AI innovation among tech giants, with Microsoft leading after significant investments in ChatGPT. Amazons recent $4 billion investment in Anthropic, an AI firm by former OpenAI staff, and ownership of Mechanical Turk emphasize their commitment to AI advancement. Read More..

B2B Tech News | 3 months ago      

NZDD by Easy Crypto, Labrys Aims for Stability Amid Digital Asset Challenges

Easy Crypto, New Zealands largest noncustodial digital asset exchange, collaborated with Labrys, an Australian blockchain company, to introduce NZDD o

Easy Crypto, New Zealands largest noncustodial digital asset exchange, collaborated with Labrys, an Australian blockchain company, to introduce NZDD on the Ethereum blockchain. Their goal is to expand to various chains, including Coinbases Base blockchain. CEO Janine Grainger highlights the challenges hindering digital asset adoption—volatility and complexity. NZDD addresses volatility, providing New Zealanders with a stable store of value. Grainger emphasizes the significance for businesses seeking digital assets for crossborder payments to benefit from low fees without volatility drawbacks. While not the first Kiwi dollarpegged stablecoin—Techemynt launched $NZD in 2021—its availability on Dasset exchange was affected by the 2022 DFX Finance hack, leading to Dassets liquidation. Read More..

B2B Tech News | 3 months ago      

Business Shutdowns Decline Stats SA Reports 136 Closures in October

Stats SA reported 136 business closures in October, 120 voluntary and 16 compulsory. Total liquidations in 2023 hit 1,376. Despite a 13.4% decrease in

Stats SA reported 136 business closures in October, 120 voluntary and 16 compulsory. Total liquidations in 2023 hit 1,376. Despite a 13.4% decrease in October 2023 compared to 2022, overall liquidations fell by 13.0% in the years first ten months. The unclassified sector led Octobers closures with 44, followed by finance, insurance, real estate, and business services 38. Economic indicators in October, like the Absa Purchasing Managers Index drop, suggested a challenging month despite reduced power outages, hinting at ongoing supply issues and weakened consumer demand. Read More..

B2B Tech News | 3 months ago      

WLTH Fintechs Loan Book Surpasses $1.5 Billion After Mortgage Mart Acquisition

Brisbanes WLTH fintechs loan book exceeds $1.5 billion after acquiring Mortgage Mart, consolidating its nonbank lending status. A $14 million funding

Brisbanes WLTH fintechs loan book exceeds $1.5 billion after acquiring Mortgage Mart, consolidating its nonbank lending status. A $14 million funding round, supported by Rajomon and Kina Bank, aids WLTHs expansion. Leveraging WLTHs tech, Rajomon and Kina seek AsiaPacific growth. Funds boost WLTHs working capital, fueling digital lending and ecoinitiatives. WLTH pledges Australian coastline cleanup via partnerships, aligning with Mortgage Marts and founders Brodie and Drew Haupts vision. Haupt emphasizes Mortgage Marts expertise complementing WLTHs digital strategy, noting its $1 billion+ loan portfolio. Read More..

B2B Tech News | 3 months ago      

PSB Workers Anticipate 15%20% Pay Surge, FiveDay Work Week on Horizon

PSB workers are poised for a substantial pay increase of 15%20% and a shift to a fiveday work schedule by midDecember, as the 12th bipartite settlemen

PSB workers are poised for a substantial pay increase of 15%20% and a shift to a fiveday work schedule by midDecember, as the 12th bipartite settlement discussions near conclusion among bank unions, associations, and the Indian Banks’ Association IBA. Remarkably, talks suggest a commencement of the wage hike at 15%, potentially reaching 20%. The unveiling of the shorter work week might align with the wage hike announcement or closely follow. Negotiations continue post the November 2022 wage agreement expiry, aiming for a revised pact affecting both salaries and workdays, extending to regional rural banks. The final agreement is set for mutual signing and subsequent approval by the finance ministry. Read More..

B2B Tech News | 3 months ago