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Tech News

Top Tech News for May 13, 2023

Google agrees to pay $8 million to settle claims against deceptive Pixel 4 ads.

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Google has agreed to pay $8 million to settle claims that it made false and misleading statements about the camera capabilities of its Pixel 4 phones. The company is accused of advertising that the phones could “see in the dark” and “take amazing photos in low light,” when in reality the cameras were not as good as advertised. The settlement will provide refunds to consumers who purchased a Pixel 4 phone between October 2019 and October 2020.

JioCinema announces premium subscription plan in India.

JioCinema, the streaming service owned by Reliance Jio, has announced a new premium subscription plan that will offer exclusive access to HBO shows and movies. The plan costs ₹999 per year and will be available to all Jio users. The service already offers a free tier with access to a library of movies and TV shows, but the premium tier will add a number of new titles, including HBO shows like Game of Thrones and Westworld.

Former ByteDance executive says China had ‘supreme access’ to all data.

A former executive at ByteDance, the Chinese company that owns TikTok, has said that China’s government had “supreme access” to all data collected by the company. The executive, who left ByteDance in 2021, said that the Chinese government could access any data collected by TikTok, including user location data, search history, and even deleted messages. The revelation has raised concerns about the security of user data on TikTok, which is a popular app among young people around the world.

Binance has decided to withdraw from Canada due to stricter regulations on cryptocurrency

The cryptocurrency exchange Binance has announced that it is pulling out of Canada. The decision comes amid tightened crypto regulations in the country. Binance said that the decision was made due to “uncertainties” in the Canadian regulatory environment. The company said that it will continue to serve Canadian users through its global platform, but that it will no longer offer services specifically tailored to the Canadian market.

Space startup partners with SpaceX to launch commercial space station.

The space startup Nanoracks has partnered with SpaceX to launch a commercial space station into orbit. The station, called Starlab, will be the first commercial space station to be built and operated by a private company. Nanoracks said that Starlab will be a “multi-user, multi-national” space station that will offer a variety of research and commercial opportunities for businesses and governments. The station is expected to launch in 2027.

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Tech News | May 12 |2023

Apple, the technology conglomerate of international repute, is poised to unveil its debut online store in Vietnam as part of its concerted endeavors to magnify its footprint in Southeast Asia. Given that the region has a populace of over 650 million individuals, it is regarded as a critical burgeoning market for Apple. This maneuver is emblematic of the corporation’s ongoing quest to tap into fresh markets and amplify its global penetration.

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Meanwhile, Tesla has proclaimed an upswing in prices for all its vehicles in the United States, excluding the Model 3. The rationale behind this pronouncement lies in the mounting inflation rates and the supply chain disruptions that continue to assail the automotive sector. The augmentation in prices is intended to facilitate the company in mitigating the surge in production expenses.

In recent news, Japanese tycoon Masayoshi Son, who is the founder of the investment company SoftBank, is now liable for a debt of $5.2 billion in off-the-record dealings. This state of affairs has arisen following the losses incurred by the firm, which have necessitated that Son undertake additional debts. This predicament accentuates the potential dangers that are inherent in high-risk investments in the tumultuous universe of finance.

Binance US, the American branch of the cryptocurrency exchange, Binance, is purportedly exploring various measures to diminish founder Changpeng Zhao’s controlling stake in the enterprise to conform to the regulations of the United States. This course of action is a reflection of the increasing scrutiny of cryptocurrency exchanges by regulatory agencies across the globe.

Lastly, Twitter has announced that its verified users will have premature access to encrypted messaging as part of the platform’s unceasing drive to enhance security. This maneuver follows a spate of recent security enhancements by the social media behemoth. Furthermore, Google has unveiled an AI-empowered utility for Gmail that can aid users in composing emails by using cues. The corporation has also publicized the launch of its first foldable phone, the Pixel Fold, which will be up for grabs from July.