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Showing posts from November, 2020

UK to impose new rules to limit tech giants' power

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The UK will impose new rules next year aimed at preventing Google and Facebook from abusing their market dominance. The Competition and Markets Authority (CMA) said the two firms accounted for around 80% of the £14bn ($18.7bn) spent on advertising online in 2019. The new regime will attempt to give consumers more control over their data. It will also "help small businesses thrive, and ensure news outlets are not forced out by bigger rivals," according to the government. "There is growing consensus in the UK and abroad that the concentration of power among a small number of tech companies is curtailing growth of the sector, reducing innovation and having negative impacts on the people and businesses that rely on them," said Digital Secretary Oliver Dowden, in a statement. "It's time to address that and unleash a new age of tech growth." The new code will set clear expectations for the most powerful firms over what represents acceptable behaviour when in

Dyson to spend $3.67bn on new technologies

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Dyson says it will invest an additional $3.67bn (£2.75bn) into new technologies and products over the next five years. The investment will allow the company to double the number of products it sells, and expand into new areas. The investments will be focused in Singapore, the UK, and the Philippines, and will focus on emerging technologies. The company announced it would set up its headquarters in Singapore in 2019. Dyson is best known for vacuum cleaners, air purifiers and hair dryers. But the new investment will pay for more engineers and scientists in fields such as software, machine learning and robotics. "Now is the time to invest in new technologies such as energy storage, robotics and software which will drive performance and sustainability in our products for the benefit of Dyson's customers," Dyson's chief executive Ronald Krueger said. "We will expand our existing product categories, as well as enter entirely new fields for Dyson over the next five year