Technology

BLOOMBERG In the ballroom of the five-star Shangri-La Singapore hotel, Anthony Tan celebrated a triumph for the country’s up-and-coming tech scene. “Today we shine a spotlight on Southeast Asia!” he told the adoring crowd. His company, Grab, the region’s answer to Uber, was about to make its stock market debut. Tan had launched Grab Holdings Ltd in 2012, just as ...

BLOOMBERG India’s government will probably scale back on its investment spending in the coming years as it curbs its budget deficit, said Goldman Sachs Group Inc, giving the private sector scope to pick up the slack. With the government of Prime Minister Narendra Modi planning to reduce the fiscal shortfall by about 1.5 percentage points over the next two years, ...

BLOOMBERG When India decided to make a concerted push to green the world’s biggest two-wheeler market, a slew of electric scooter startups emerged almost overnight. Now, many are falling out of favor for sourcing parts from China instead of locally. The government is demanding that six companies — including Hero Electric Vehicles Pvt, once India’s top e-scooter maker — return ...

BLOOMBERG A plan to whisk passengers around Paris in air taxis during the Olympic games next year faces a new challenge after manufacturer Volocopter GmbH said the advanced electric motors it needs for its two-seater craft have been delayed. Volocopter is working with the engine maker and continues test flights with other, less-refined motors as it seeks to obtain regulatory ...

BLOOMBERG The UK’s Information Commissioner’s Office issued Snap Inc, the maker of the Snapchat app, with a preliminary enforcement notice over the company’s generative artificial intelligence chatbot. The notice cited Snap’s potential failure to properly assess privacy risks from its My AI chatbot, the watchdog said in a statement. If a final notice is issued, the social media platform might ...

BLOOMBERG Wireless carriers balked at allowing Samsung Electronics Co to load its Galaxy S10 device with an app search capability that Google lacked, due to potential conflicts over their contracts with Google, a former Samsung investment adviser said at the search giant’s antitrust trial. “The carriers had concerns it cannibalised their existing search revenues,” said Patrick Chang, a former director ...

BLOOMBERG Dell Technologies Inc, the company which helped usher in the era of personal computing, said its most promising business now is the one that sells equipment for data centers. While Dell expects PCs to emerge from their slump and generate a long-term revenue increase of about 2.5%, the division that sells servers, data storage and other office infrastructure will ...

BLOOMBERG Some of the first owners of Apple Inc’s iPhone 15 Pro and Pro Max are complaining that the new devices get too hot during use or while charging, a potential setback for the company’s flagship product. The gripes have spread across Apple online forums and social media networks, including Reddit and X. Customers say that the back or side ...

BLOOMBERG Alphabet Inc’s Google Pixel is eroding the iPhone’s dominance in Japan as the Apple Inc device gets pricier, finding success after years of misfires. Google phones accounted for a record 12% share in the Asian country in the June quarter, six times what it was a year ago, according to Counterpoint Research data. During the same period, the iPhone’s ...

BLOOMBERG A five-year truce between rivals Alphabet Inc and Microsoft Corp came crashing down in 2020 when the tech giants found themselves at odds over their competing web-search businesses, according to testimony at the US government’s antitrust trial against Google. After a decade of fights, the companies forged a non-aggression pact in 2016, wanting a fresh start to their acrimonious ...