Antitrust Regulator News Today

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 OpenAIs technology attract business users.

Baidu has terminated its planned $3.6 billion acquisition of Nasdaq-listed JOYY Incs China live-streaming business, the company said on Monday in a filing with the Hong Kong stock exchange.

Microsoft is OpenAIs biggest financial backer with 49 per cent stake in the startup

After two years co-piloting the biggest acquisition in video game history past an onslaught of challenges, Xbox CEO Phil Spencer now moves on to his next quest: making Microsofts takeover of Activision Blizzard worth the hassle.

Activision had in August agreed to sell its streaming rights to Ubisoft Entertainment, and Microsoft last month offered remedies to ensure the terms of the sale were enforceable by the regulator, soothing some residual concerns.

Britain finally cleared Microsofts acquisition of Activision earlier in the day after it forced the Xbox owner to sell the steaming rights to address its competition concerns.

The KFTC hopes this measure will serve as an opportunity for the companies to step away from overheated competition using unfair advertisements

The Korea Fair Trade Commission (KFTC) said that the three South Korean teleco firms, including SK Telecom Co Ltd , KT Corp and LG Uplus Corp, had exaggerated their 5G network speeds and unfairly advertised that they were the fastest relative to their competitors.

Figures provided by CCI showed that in 2018, Google was the operating system used in over 98% of smartphones, while its App store for Android smartphones had 100% dominance due to pre-installation | Latest News India

Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision, saying the EU was a better place to start a business.