India's antitrust watchdog has ordered an investigation into allegations that Google has abused the dominant position of Android in the country's smart TV market. From a report: The news comes hours after the European Union opened a formal antitrust investigation into allegations that Google abuses its leading role in the advertising-technology sector. In its initial review, the Competition Commission of India, which began looking into these allegations last year, said Google had breached certain anti-competitive laws.

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This may sound like something straight out of a sci-fi movie, but Canon has rolled out new AI cameras that use "smile recognition" technology to ensure that only happy employees are allowed into its offices. From a report: Back in 2020, the China-based Canon subsidiary Canon Information Technology introduced an "intelligent IT solution" for corporate offices that includes 5 different functional modules, one of which is "smiley face access control. In addition, based on the corporate culture of 'moving and always being,' Canon has always advocated the concepts of 'laughing' and 'big health,' and hopes to bring happiness and health to everyone in the post-epidemic era," Canon wrote in a press release. "Therefore, in the [...] intelligent IT solution, a new experience of smile recognition is specially incorporated. It is hoped that smiles can let everyone relax and get healthy, so as to create a more pleasant working atmosphere and improve efficiency."

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Microsoft's market capitalization hit $2 trillion for the first time. GeekWire reports: The Redmond, Wash.-based tech giant trails only Apple among the world's most valuable companies. Apple became the first publicly traded U.S. company to reach the $2 trillion mark in August. Fellow Seattle-area giant Amazon, valued Tuesday at $1.77 trillion, is also approaching the $2 trillion club. Microsoft stock was up 1.1% Tuesday and is up more than 20% this year. The company continues to see growing demand for its cloud services as the pandemic has accelerated technology adoption. It beat quarterly expectations with $41.7 billion in revenue for the March quarter, up 19% year-over-year -- its biggest revenue growth since 2018 -- and profits of $15.5 billion, up 44%. A Wedbush report last month projected more growth ahead for Microsoft, with Azure's cloud momentum "still in its early days" and the company "firmly positioned to gain more market share vs. AWS in this cloud arms race." Microsoft also continues to invest heavily in its gaming business; add new features to its Teams collaboration software; and is staying active in the M&A arena with its $19.7 billion acquisition of Nuance Communications and reported interest in Discord and Pinterest.

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An anonymous reader quotes a report from Ars Technica: While bitcoin leaves a visible trail of transactions on its underlying blockchain, the niche "privacy coin" monero was designed to obscure the sender and receiver, as well as the amount exchanged. As a result, it has become an increasingly sought-after tool for criminals such as ransomware gangs, posing new problems for law enforcement. "We've seen ransomware groups specifically shifting to monero," said Bryce Webster-Jacobsen, director of intelligence at GroupSense, a cyber security group that has helped a growing number of victims pay out ransoms in monero. "[Cyber criminals] have recognized the ability for mistakes to be made using bitcoin that allow blockchain transactions to reveal their identity." Russia-linked REvil, the notorious ransomware group believed to be behind the attack this month on meatpacker JBS, has removed the option of paying in bitcoin this year, demanding monero only, according to Brett Callow, threat analyst at Emsisoft. Meanwhile, both DarkSide, the group blamed for the Colonial Pipeline hack, and Babuk, which was behind the attack on Washington DC police this year, allow payments in either cryptocurrency but charge a 10 to 20 percent premium to victims paying in riskier bitcoin, experts say. Justin Ehrenhofer, a cryptocurrency compliance expert and member of the monero developer community, said that at the beginning of 2020, its use by ransomware gangs was "a rounding error." Today he estimates that about 10 to 20 percent of ransoms are paid in monero and that the figure will probably rise to 50 percent by the end of the year.

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Iran alleges that the U.S. State Department seized the websites of some of the country's major news networks, hours after a message on several state-run Iranian news websites claimed they were "seized by the United States Government," the Islamic Republic of Iran News Network said in a statement on its website. From a report: The statement alleges the move was part of a larger-scale crackdown by the U.S. government on news websites linked to what Iran calls the 'Axis of Resistance,' which includes Syria, Hezbollah, some Iraqi militias and Hamas. The web domains, the English-language news network Press TV as well as Arabic-language channels, Al-Alam News and Al-Kawthar TV appear to have been affected according to the report.

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mrflash818 writes: The Internet Security Research Group (ISRG) -- parent organization of the better-known Let's Encrypt project -- has provided prominent developer Miguel Ojeda with a one-year contract to work on Rust in Linux and other security efforts on a full-time basis. Rust is a low-level programming language offering most of the flexibility and performance of C -- the language used for kernels in Unix and Unix-like operating systems since the 1970s -- in a safer way. Efforts to make Rust a viable language for Linux kernel development began at the 2020 Linux Plumbers conference, with acceptance for the idea coming from Linus Torvalds himself. Torvalds specifically requested Rust compiler availability in the default kernel build environment to support such efforts -- not to replace the entire source code of the Linux kernel with Rust-developed equivalents, but to make it possible for new development to work properly. Using Rust for new code in the kernel -- which might mean new hardware drivers or even replacement of GNU Coreutils -- potentially decreases the number of bugs lurking in the kernel. Rust simply won't allow a developer to leak memory or create the potential for buffer overflows -- significant sources of performance and security issues in complex C-language code.

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An anonymous reader shares a report: Today's announcement from SiFive comes in two parts; this part is significant as it recognizes that Intel will be enabling SiFive's IP portfolio on its 7nm manufacturing process for upcoming foundry customers. We are expecting Intel to offer a wide variety of its own IP, such as some of the x86 cores, memory controllers, PCIe controllers, and accelerators, however the depth of its third party IP support has not been fully established at this point. SiFive's IP is the first (we believe) official confirmation of specific IP that will be supported. Announced earlier this year by Pat Gelsinger, Intel Foundry Services (or IFS) is one prong of Intel's strategy to realign itself with the current and future semiconductor market. Despite having attempted to become a foundry player in the past, whereby they build chips under contract for their customers, it hasn't really worked out that well -- however IFS is a new reinvigoration of that idea, this time with more emphasis on getting it right and expanding the scope.

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Brave, the maker of a popular ad blocking browser, opened on Tuesday a public beta of its privacy-focused search engine, a first step in creating a product that could compete with market titan Google. From a report: Unlike other new search engines, which generally repackage results from Google and Microsoft's Bing, Brave is building an independent index of the web. (Brave Search will rely on Bing in some areas, like images, where its own results aren't yet good enough.) Initially, Brave Search won't show ads -- the chief way that Google monetizes its search results. Later, it'll offer free, ad-supported search and a paid option with no ads.

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The Federal Trade Commission will be the agency to review Amazon's proposed acquisition of Hollywood studio MGM, Wall Street Journal reported Tuesday, citing people familiar with the matter, just as the commission gets a new chairwoman who has been critical of the online giant's expansion. From a report: Amazon last month announced its deal for MGM, which would boost its Prime Video streaming platform in a market that includes rivals such as Netflix and Walt Disney. MGM has a library of more than 4,000 films, including the James Bond franchise, and a TV catalog that includes "The Handmaid's Tale" and "Vikings." Companies doing sizable mergers have to submit their deals for government antitrust review. The FTC shares antitrust authority with the Justice Department, and the two agencies split up the work of reviewing proposed deals. The department has recently reviewed transactions involving video content, including Disney's acquisition of 21st Century Fox and AT&T's acquisition of Time Warner, a deal the department unsuccessfully attempted to block in court.

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Bumble, the dating app where women are in charge of making the first move, has temporarily closed all of its offices this week to combat workplace stress. Its 700 staff worldwide have been told to switch off and focus on themselves. From a report: One senior executive revealed on Twitter that founder Whitney Wolfe Herd had made the move "having correctly intuited our collective burnout". Bumble has had a busier year than most firms, with a stock market debut, and rapid growth in user numbers. The company announced in April "that all Bumble employees will have a paid, fully offline one-week vacation in June". A spokeswoman for Bumble said a few customer support staff will be working in case any of the app's users experience issues. These employees will then be given time off to make sure they take a whole week of leave. The spokeswoman confirmed that the majority of Bumble's staff are taking the week off. Bumble has grown in popularity during lockdown as boredom set in and swiping to find a match picked up.

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Alphabet's Google plans to shut down a long-running program aimed at entry-level engineers from underrepresented backgrounds after participants said it enforced "systemic pay inequities," according to internal correspondence seen by Reuters. From the report: Google confirmed it was replacing the Engineering Residency with a new initiative, saying it is "always evaluating programs to ensure they evolve and adapt over time to meet the needs of our employees." Google last year pledged to improve retention for underrepresented employee groups. Critics have long argued that Google and its tech industry peers favor white, Asian and male workers in hiring, promotions and pay. Companies have grown more attuned to concerns about workforce diversity since the Black Lives Matter protests a year ago. The Google residency, often referred to as "Eng Res," has since 2014 given graduates from hundreds of schools a chance to work on different teams, receive training and prove themselves for a permanent job over the course of a year. It offered a cohort of peers for bonding, three former residents said. Residents were Google's "most diverse pool" of software engineers and came "primarily from underrepresented groups," according to a June 2020 presentation and an accompanying letter to management that one source said over 500 current and former residents signed.

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A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors [Editor's note: the link may be paywalled; alternative source]. From a report: White Square Capital, run by former Paulson & Co trader Florian Kronawitter, told investors that it would shut its main fund and return capital this month after a review of its business model, according to people familiar with the fund and a letter to investors. White Square, which at its peak managed about $440m in assets, had bet against GameStop, say people familiar with its positioning, and suffered double-digit per cent losses in January. The move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. Retail investors, often co-ordinating their actions on online forums such as Reddit's r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such as GameStop and cinema chain AMC Entertainment in January and again in recent weeks. GameStop, for instance, soared from less than $20 at the start of the year to more than $480 at its January peak. That led to big losses for some funds, including US-based Melvin Capital, run by Steve Cohen protege Gabe Plotkin, and Light Street Capital, run by Glen Kacher, a former Tiger cub who worked at Julian Robertson's Tiger Management. However, the funds remain in operation, and shortly after its losses Melvin received a $2.75bn investment from Cohen's Point72 Asset Management and Ken Griffin's Citadel. "The decision to close down is related to thinking the equity long-short model is challenged," said Kronawitter.

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