Rapid Adoption of Real-Time Payments Reshapes Global Payment Landscape, Fuels Market Growth
The COVID-19 pandemic has triggered a significant shift in global payment preferences, leading to a surge in newer payment methods such as Buy Now Pay Later (BNPL), one-click payments, and real-time payments. Real-time payment systems offer substantial advantages in terms of cost reduction and payment success rates for both consumers and businesses. According to a recent report, the market size of real-time payments is projected to...
Alphabet Inc Cautions Employees on Chatbot Usage, Prioritizing Data Security
Alphabet Inc, the parent company of Google, is cautioning employees about the use of chatbots, including its own Bard, while simultaneously promoting the program globally. The company is advising employees not to enter confidential information into AI chatbots due to the risk of data leakage. Alphabet has also alerted its engineers to avoid using computer code generated by chatbots. The precautions reflect the company’s desire...
TikTok Announces Multi-Billion Dollar Investment in SEA Amid Data Security Concerns
TikTok, the popular short video app owned by China’s ByteDance, revealed its plans to invest billions of dollars in Southeast Asia over the next few years. This strategic move comes as TikTok doubles down on the region, aiming to strengthen its presence amidst growing global scrutiny regarding data security. With a collective population of 630 million, half of whom are under 30, Southeast Asia represents one of TikTok’s...
Urgent Call for Action: Prime Minister Propels Cybersecurity Bill to Safeguard National Security
In an urgent call for action, Datuk Seri Anwar Ibrahim, the Prime Minister, has emphasized the immediate need to draft a comprehensive cybersecurity bill to safeguard national security. The proposed legislation aims to provide a solid framework for the National Cyber Security Agency (Nacsa) under the National Security Council, granting it clear authority to monitor and enforce cybersecurity laws. In a statement released on Thursday...
Fujifilm Malaysia to Launch Fujifilm X-S20 Mirrorless Digital Camera on June 29
Fujifilm Malaysia has announced the upcoming launch of its latest mirrorless digital camera, the Fujifilm X-S20 (X-S20), scheduled for release on June 29. Designed to deliver premium image quality and advanced portability, the X-S20 caters to a wide range of shooting styles, from casual self-portraits to professional photography and videography. Kensuke Aragane, the managing director of Fujifilm Malaysia, highlighted the X-S20’s...
EU Regulators Propose Sale of Google’s Adtech Business in Antitrust Clash
EU regulators have taken a firm stance against Google, indicating that the tech giant may be required to divest a portion of its adtech business due to concerns over anti-competitive practices. The European Commission’s statement of objections comes after a two-year investigation into Google’s favoritism toward its own advertising services, potentially resulting in a hefty fine of up to 10% of the company’s annual...
Synopsys Recognized as Leader in Software Composition Analysis by Forrester Wave
In a recent announcement, Synopsys, Inc. has been acknowledged as a leader in The Forrester Wave™: Software Composition Analysis, Q2 2023. This report, which identifies the top 12 vendors in the software composition analysis (SCA) market, evaluated them based on 32 criteria grouped into three categories: current offering, strategy, and market presence. Synopsys’ Black Duck® SCA solution received exceptional scores, securing a...
Survey Reveals Potential Impact of AI on Employee Well-being
A recent survey conducted in Indonesia, Malaysia, Singapore, Taiwan, and the US has shed light on the potential effects of using artificial intelligence (AI) in the workplace. The study, led by Pok Man Tang, an assistant professor of management at the University of Georgia, suggests that employees who frequently interact with AI systems may experience increased feelings of loneliness, trouble sleeping, and even higher alcohol...
Inland Revenue Board to Introduce E-Invoicing Guidelines for Large Companies
The Inland Revenue Board (IRB) of Malaysia is set to release comprehensive guidelines in July to aid companies with annual revenues exceeding RM100 million in adopting e-invoicing, a crucial step towards digital transformation. This initiative aims to streamline business processes, enhance efficiency, and reduce costs while ensuring compliance with tax reporting regulations. Under the leadership of Datuk Dr Mohd Nizom Sairi, the CEO...
Microsoft’s Xbox Chief Says No Urgent Need for Major Console Upgrade
Phil Spencer, the head of video gaming at Microsoft, has stated that there is no immediate necessity for a major upgrade of the Xbox game console. In an interview with Bloomberg News following the Xbox Games Showcase, Spencer explained that the company is currently content with the existing hardware. During the event, Microsoft announced an improved storage version of the current Xbox Series S and addressed shortages of the...
