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

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

MOSCOW (Reuters) -Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal. The company added that it had received a call option to purchase Uber’s remaining stake in mobility businesses for up to $2 billion. The restructured joint venture MLU will continue to focus on mobility businesses, including ride-hailing and car… Source link

Yandex has struck a $1 billion deal to buy out U.S. ride-hailing giant Uber from a host of the pair’s joint ventures in Russia, the company announced Tuesday. The deal signals a new stage in the partnership between Yandex and Uber which has seen the pair cement its position as Russia’s leading ride-hailing service and launch a host of initiatives in areas such as self-driving vehicles, express food delivery and car-sharing. Under the terms of the deal, Yandex will take… Source link