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View all search resultsGlobal tech giants control ‘over 75 percent of ads’ in Indonesia, putting local media firms and news organizations in a tight position financially, leading to recent mass layoffs, according to professional journalist associations.
Elon Musk's xAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial intelligence start-up and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.
Several tech companies have expressed their commitment to working with the Indonesian government in creating a safe digital environment for children, following the plan to impose age restrictions on social media platforms to follow in the footsteps of Australia.
Despite a decade of tightening rules on what is allowed and what is not in Indonesia’s burgeoning peer-to-peer (P2P) lending industry, the fintech segment meant to improve financial inclusion is still riddled with risks for both lenders and borrowers.
An in-house workers union has issued a scathing statement demanding the scandal-ridden company to call off the mass layoff planned for next month, maintain its operations and review potential business lines, as well as publish a clarification on an ongoing investigation into alleged fraud.
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