The big announcement this week was the appointment of Sundar Pichai as CEO of Google parent Alphabet. This comes at a time when the search and technology giant is already facing scrutiny over phishing, auto-redirection of ads and tax evasion. The company is also facing an antitrust motion in the US.
Seattle-headquartered Amazon held its annual flagship event re:Invent in Las Vegas this week. The company launched its quantum computing and quantum solutions lab along with other tools for enterprise customers. The three latest security tools are Amazon Detective, AWS IAM Access Analyzer, and AWS Nitro Enclaves.
On the policy front, this week, the Reserve Bank of India increased the cap for lenders on peer-to-peer (P2P) non-banking financial companies from Rs 10 lakh to Rs 50 lakh.
In other news, Alibaba-backed BigBasket filed its earnings this week. The company widened its losses by two-fold for the financial year ended March 2019.
Gurugram-based Milkbasket also widened its losses more than four-fold to Rs 43.1 crore in the financial year ended March 2019.
Join our reporters as they bring you up to speed with all these developments in the latest episode of our podcast series TechThisWeek #TTW.
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