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Google fined US$36m over Android search deals in Australia

Google fined US$36m over Android search deals in Australia

The Sun5 hours ago
SYDNEY: Google has agreed to pay a Aus$55 million (US$36 million) fine for making deals to pre-install only its search engine on Android phones sold by Telstra and Optus.
Australia's competition watchdog filed proceedings in the Federal Court alongside Google Asia Pacific for the penalty.
The court will now determine if the fine and related orders are appropriate, according to the Australian Competition and Consumer Commission.
'Conduct that restricts competition is illegal in Australia because it usually means less choice, higher costs or worse service for consumers,' said commission chair Gina Cass-Gottlieb.
Google admitted to striking deals with Telstra and Optus between December 2019 and March 2021 while cooperating with regulators.
Telstra and Optus received a share of advertising revenue in exchange for exclusively pre-installing Google's search engine.
'Google has admitted in reaching those understandings with each of Telstra and Optus it was likely to have had the effect of substantially lessening competition,' the commission stated.
Google said it was pleased to resolve the regulator's concerns, noting the provisions were no longer in its agreements.
'We are committed to providing Android device makers more flexibility to preload browsers and search apps,' a Google spokesperson said.
Telstra and Optus signed court-enforceable agreements last year not to make new default search deals with Google for Android devices. - AFP
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Govt looking at way to integrate TOD into future public housing projects in sustainable urban development
Govt looking at way to integrate TOD into future public housing projects in sustainable urban development

The Sun

time2 hours ago

  • The Sun

Govt looking at way to integrate TOD into future public housing projects in sustainable urban development

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Forget ChatGPT-5, Malaysian companies say it's better to ‘go local' in using AI: Juwai IQI
Forget ChatGPT-5, Malaysian companies say it's better to ‘go local' in using AI: Juwai IQI

The Sun

time3 hours ago

  • The Sun

Forget ChatGPT-5, Malaysian companies say it's better to ‘go local' in using AI: Juwai IQI

PETALING JAYA: Despite all the hype about OpenAI's new ChatGPT-5 model, some Malaysian business leaders say companies should instead 'go local' for artificial intelligence (AI). Doing so can create jobs, protect Malaysian consumer data, make artificial intelligence more Malaysian and boost companies' bottom line, according to insights released today by Juwai IQI. Juwai IQI Group CEO Kashif Ansari explained, 'You fall behind if you don't use artificial intelligence, but costs can grow quickly. By 'going local,' as I call it, a typical large Malaysian company can save up to RM1.7 million per year, depending on usage rates. You also get the benefits of data privacy and security, customisation and automation. ''Going local' is my way of saying two things. First, we are using open-source AI models that are offered by their creators for 'free' to the larger community. These models are usually not quite as capable as the latest commercially available models on the market but are free of ongoing external usage costs. Second, we are hosting these models on our own servers. That means we never send our data to the big AI companies' servers.' He said most of what a typical business in Malaysia does can be accomplished with these open source AI models. 'Yes, we still use GPT-5, amongst others, but only for a fraction of our AI needs. We found that we can do most of what we need here in Malaysia by going local,' he added. Juwai IQI Group COO and CIO, Nabeel Mungaye, said: 'When you use artificial intelligence models from providers like OpenAI or Alphabet, you pay for usage: the more you use, the more you pay. But when you use open-source models hosted on your own servers, there are no ongoing usage fees. This is critical if you have high-volume AI applications, like customer service chatbots or PDF summarisation tools.' 'I've run some back-of-the-envelope numbers. A typical large Malaysian company that has embraced the use of AI for things like customer support, PDF summarisation, and marketing could end up paying over RM1.7 million (US$410,000) per year in usage fees from a service like OpenAI. On the other hand, running an open-source model on a local server for those same needs could cost as little as RM63,000 (US$15,000) per year. You would essentially just pay the cost of electricity and maintenance for a powerful server,' he added. He explained, 'Here's how I arrived at those cost estimates. For a customer service chatbot processing one billion tokens annually, the cost using a paid mini-model would be approximately RM76,000 (US$18,000). PDF document summarisation is actually a very demanding task for AI, and handling some 500,000 documents per month could cost around RM1.65 million (US$390,000) per year. Lastly, the marketing content generation could reasonably cost about RM10,500 (US$2,500). When you add these costs up, you get RM1.7 million (US$410,000).' Mungaye said, 'Going open source and local also allows us to make the artificial intelligence we use more Malaysian. We can fine-tune or train the model we use to understand local slang and cultural nuances in Malay, Mandarin, English, and other languages. 'We can also teach it industry-specific terminology, so it is more accurate and relevant for the ways that we use it. In sum, by 'going local,' Malaysian companies like us can get the benefits of AI at a lower expense while also protecting their costumers' data and giving them a better service,' he added.

Wall Street futures subdued ahead of retail earnings, Fed commentary
Wall Street futures subdued ahead of retail earnings, Fed commentary

Free Malaysia Today

time5 hours ago

  • Free Malaysia Today

Wall Street futures subdued ahead of retail earnings, Fed commentary

Wall Street's main indexes have recovered since their April lows, when trade uncertainty struck global markets. (AP pic) NEW YORK : US stock index futures were muted today as investors awaited earnings reports from major retailers for insights on the health of the American consumer, and a key Federal Reserve conference scheduled later in the week. Consumer spending accounts for around 70% of the total US economy and traders are keen to know the impact US tariffs have had on corporate forecasts and individual expenditure. Data last week showed the levies had dented consumer confidence in July. Home improvement retailer Home Depot inched up in premarket trading ahead of its quarterly results that could also offer clues on the condition of the housing market. Reports from rival Lowe's as well as big-box retailers Walmart and Target are due later this week. Intel jumped 6.3% after the chipmaker got a US$2 billion capital injection from Japan's SoftBank Group. Investors are also waiting for remarks from Fed vice chair for supervision Michelle Bowman, later in the day. Bowman, who is under consideration for the central bank's top job when chair Jerome Powell's term ends next year, has voiced support for at least three interest rate cuts this year to support the labour market, in line with US President Donald Trump's calls for lower borrowing costs. Interest rate futures point to a total of two rate cuts this year worth 25 basis points each, with the first expected in September, according to data compiled by LSEG. 'It is perfectly possible to make a case for immediate US rate cuts given the economic damage of trade taxes and policy uncertainty,' said Paul Donovan, chief economist at UBS Global Wealth Management. At 5.30am, Dow E-minis were up 20 points, or 0.04%, S&P 500 E-minis were down 0.75 points, or 0.01%, and Nasdaq 100 E-minis were up 4.25 points, or 0.02%. Wall Street's main indexes have recovered since their April lows, when trade uncertainty struck global markets, and have picked up steam following a better-than-expected earnings season and on the rate-cut expectations. The key event this week is the Fed's annual symposium at Jackson Hole, Wyoming, from Aug 21-23, where Powell's comments will be scrutinised for any clues on the central bank's outlook on the economy and monetary policy. Offering a spot of relief, ratings agency S&P Global affirmed its 'AA+' credit rating on the US, saying the revenue from President Trump's tariffs will offset the fiscal hit from his recent tax-cut and spending bill. On the data front, a report later in the day is expected to show single-family homebuilding in July was lower than the month before, when it dropped to an 11-month low. Palo Alto Networks surged 5.6% after the cybersecurity company forecast fiscal 2026 revenue and profit above estimates, betting on growing demand for its artificial intelligence-powered solutions. Crude prices dropped 1% as traders weighed the possibility that talks between Russia, Ukraine and the US to end the war in Ukraine could lead to the lifting of sanctions on Russian crude, raising supply.

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