Visitors look at Apple Inc. iPhones and iPads on display at the SK Telecom Co. T Factory flagship store in Seoul, South Korea, June 11, 2021. SeongJoon Cho | Bloomberg | Getty Images South Korea’s parliament has approved a bill that will make it the first country to impose curbs on Google and Apple’s payment policies that force developers to only use the tech giants’ proprietary billing systems. The legislation will become law once signed by President Moon Jae-in, whose party has been a vocal… Source link

After a number of delays, South Korea’s National Assembly today voted to approve the passage of its “Anti-Google law.” Nicknamed after the search giant but more wide-ranging, the law will prevent Google and Apple from forcing developers to use their in-app billing systems when building apps for their two market-dominating app stores . This is the first time globally that a government has intervened to prevent Google and Apple from imposing their own payment… Source link

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. Morgan Stanley analyst Luke Holbrook reiterated an Overweight rating and $90.00 price target on Yandex (NASDAQ: YNDX) after the company bolstered its stake in the Uber JVs with a $1bn deal, resulting in Yandex owning 100% of the SDG, Yandex.Eats, Lavka and Delivery, plus 4.5% of the MLU JV (ride-hailing). The analyst stated “We think the market will view a further option to… Source link

South Korea has passed a bill written to prevent major platform owners like Google and Apple from restricting app developers to built-in payment systems, The Wall Street Journal reports. The bill is now expected to be signed into law by President Moon Jae-in, whose party championed the legislation. The law comes as a blow to Google and Apple who both require in-app purchases to flow only through their systems, instead of outside payment processors, allowing the tech giants to collect a 30… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 31, 2021 The worst month of the year… has been a great month.  When August began, investors were warned that history has not been kind to the stock market during the summer’s final full month.  This is an annual tradition in markets commentary.  Over the last 10- and 20-year periods, the S&P 500 Index’s (^GSPC) average return… Source link

SEOUL—Google and Apple Inc. will have to open their app stores to alternative payment systems in South Korea, threatening their lucrative commissions on digital sales. A bill passed Tuesday by South Korea’s National Assembly is the first in the world to dent the tech giants’ dominance over how apps on their platforms sell their digital goods. It will become law once signed by President Moon Jae-in, whose party strongly endorsed the legislation. The law… Source link

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Ambarella, Inc. (Nasdaq: AMBA), an AI vision silicon company, today announced that the new Yandex (NASDAQ: YNDX) SignalQ2 LTE-enabled driver monitoring system (DMS) camera is based on the Ambarella CV25 edge AI vision system on chip (SoC). This Yandex DMS camera will be deployed across the Yandex.Taxi fleet of partner ride-hailing vehicles by 2022, and Yandex is… Source link

SANTA CLARA, Calif., Aug. 31, 2021 (GLOBE NEWSWIRE) — Ambarella, Inc. ( AMBA), an AI vision silicon company, today announced that the new Yandex SignalQ2 LTE-enabled driver monitoring system (DMS) camera is based on the Ambarella CV25 edge AI vision system on chip (SoC). This Yandex DMS camera will be deployed across the Yandex.Taxi fleet of partner ride-hailing vehicles by 2022, and Yandex is offering the camera to other companies such as those with delivery van fleets. Yandex.Taxi, an… Source link

SANTA CLARA, Calif., Aug. 31, 2021 (GLOBE NEWSWIRE) — Ambarella, Inc. (Nasdaq: AMBA), an AI vision silicon company, today announced that the new Yandex SignalQ2 LTE-enabled driver monitoring system (DMS) camera is based on the Ambarella CV25 edge AI vision system on chip (SoC). This Yandex DMS camera will be deployed across the Yandex.Taxi fleet of partner ride-hailing vehicles by 2022, and Yandex is offering the camera to other companies such as those with delivery van fleets…. Source link

Ambarella’s CV25 SoC Chosen for AI Performance, Low Power Consumption and Cybersecurity Capabilities Yandex Selects Ambarella’s CV25 Edge AI Vision SoC for SignalQ2 Driver Monitoring Camera The new Yandex SignalQ2 LTE-enabled driver monitoring system (DMS) camera is based on the Ambarella CV25 edge AI vision system on chip (SoC). The new Yandex SignalQ2 LTE-enabled driver monitoring system (DMS) camera is based on the Ambarella CV25 edge AI vision system on chip (SoC). SANTA CLARA, Calif.,… Source link