ETtech

🚨🚨 Apple loses UK lawsuit over app store commissions 👉👉 The CAT ruled that Apple had abused its dominant position by shutting out competition in the app distribution market and by "charging excessive and unfair prices in the form of the commission which it charges developers". Read more at: https://lnkd.in/gfP636fJ

🆕🆕 Microsoft introduces new Copilot features such as collaboration, Google integration 📌📌 Along with the software features, the company introduced an avatar called "Mico" - a nod to Microsoft Copilot - which can show expressions and change color to make conversations feel natural, the company said. Read more at: https://lnkd.in/gvbswW6e

📢📢 Karnataka IT-BT minister Kharge proposes CoE for railways, mobility innovation in state 📌 The minister was speaking at the inauguration of Nova Control Tecnologix’s new facility in the city. The company showcased Kavach 4.0, an advanced, indigenous railway safety technology developed in partnership with Tata Elxsi and Varchas Aerospace. Read more at: ⬇️⬇️ https://lnkd.in/gbv3CsvY

🚨🚨 The great social media exodus 📉📉 Social media growth has hit a pause. After years of rapid expansion, social media use has plateaued, with daily activity stabilising and growth rates sharply slowing.

🚨🚨 ETtechTop5 || China's India comeback; Ola seeks fresh fuel Also in the letter: ■ Google's quantum win ■ ETtech Done Deals ■ Social media boom plateaus

Ola Electric board to decide on fresh funding in Oct 25 meet 📌 The board of electric two-wheeler maker Ola Electric Mobility will convene on October 25 to decide on raising fresh funds by issuing equity shares, according to an exchange filing on Wednesday. 📌 Ola Electric’s board of directors will consider a private placement, qualified institution placement, preferential issue, other eligible methods, or a combination thereof, the filing read. The board decision will be subject to regulatory and shareholders’ approval, it added.

🚨#ICYMI: Centre moves to regulate deepfakes, AI media; MeitY proposes amendments to IT rules

🔔OpenAI, Oracle announce Stargate data centre site in Wisconsin 📍📍The new Port Washington campus is part of OpenAI and Oracle's partnership announced in July to develop another 4.5 gigawatts of data centre capacity. ➡️The Stargate initiative, a project of up to $500 billion and 10 gigawatts, also includes Japanese technology investor SoftBank Group and is setting up its first AI data centre in Abilene, Texas. Read more here: https://lnkd.in/eUHPktTs

🚨🚨 The great social media exodus ✍⚡ For over a decade, social media usage climbed relentlessly, transforming how billions communicate and consume content online. But new data reveals a dramatic shift, indicating that the era of explosive growth is over. By Tanya Pandey

🚨🚨 Infosys promoters opt out of Rs 18,000 crore share buyback 🔎 As of the day the buyback was announced, promoters held a 13.05% stake in the Indian IT major. 🔎 If the offer is fully subscribed, their shareholding would rise to 13.37%. 🔎 Meanwhile, public ownership would dip slightly from 86.95% to 86.63%, the filing showed. Read more at: https://lnkd.in/gNwS6Ukh