Update published on 26/6/2023 at 11:05 am: Following meetings with Prime Minister Narendra Modi, Amazon announced that it will be hiking its India investments to $26 billion by 2030, Tech Crunch reported. A majority of these funds will be allocated towards expanding Amazon Web Services in India. Amazon's current India investments stand at $11 billion. Google also announced that it will open a "global fintech operation centre" in Gujarat's GIFT city. Productive meeting with Prime Minister @NarendraModi. Discussed Amazon’s commitment to invest $26B in India by 2030; working together we will support startups, create jobs, enable exports, and empower individuals and small businesses to compete globally. pic.twitter.com/yEgy0TVqpK — Andy Jassy (@ajassy) June 23, 2023 Original story published on 23/6/2023 at 4:56 pm: "The United States and India recognize the potential of Digital Public Infrastructure (DPI) approaches for enabling open and inclusive digital economies," the White House announced amidst Indian Prime Minister Narendra Modi's five-day visit to the United States. The announcement departs from recent rumours that developed nations like the US may not be biting into India's G20 push for global adoption of DPI. As we've reported, despite India's framing of DPI as a sustainable technology solution for the Global South, gaining global consensus for the movement may still very well require the support of established allies like the US. The visit also saw US President Joe Biden and Modi commit to providing global leadership for DPI implementation, including partnerships on developing DPIs that protect privacy, data security, and intellectual property. The two…
- Misinformation Combat Alliance and Meta partner on fact-checking helpline on WhatsApp February 22, 2024
- Uniform KYC norms and measures to tackle fake loan apps discussed at Financial Stability Council meeting February 22, 2024
- Apple’s iMessage can now resist attacks by quantum computers February 22, 2024
- India Opens Up Space Sector to 100% foreign direct investment February 22, 2024
- Kerala HC Halts Order for WhatsApp Traceability Amid Privacy Concerns February 22, 2024
Given that Apple itself admits that no threat is currently posed by quantum computing, this move might seem like too much too soon, but...
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...