Google and Microsoft have each pledged $1 million to support Donald Trump’s upcoming presidential inauguration, joining other tech giants such as Meta, Amazon, and Apple’s Tim Cook in contributing significant sums. The donations appear to be part of broader strategies by these companies to maintain access to political leadership in a rapidly changing regulatory environment.
Google, which has faced threats from Trump regarding potential break-ups, aims to secure goodwill through financial contributions and online visibility, including a YouTube livestream of the inauguration. Microsoft has also maintained steady political donations, previously giving $500,000 to Trump’s first inauguration as well as to President Joe Biden’s ceremony.
This alignment with Trump marks a notable trend of tech companies seeking to protect their interests, particularly as issues like antitrust regulations and data privacy laws remain in political crosshairs. With both tech giants navigating a landscape of increased government scrutiny, their contributions indicate a cautious approach to preserving influence at the highest levels of power.
These donations reflect a pragmatic move by Silicon Valley, where cultivating political ties is seen as a way to safeguard business operations amid shifting political dynamics.
Brazilian President Luiz Inácio Lula da Silva has condemned Meta’s decision to discontinue its fact-checking program in the United States, calling it a grave issue. Speaking in Brasília on Thursday, Lula emphasised the need for accountability in digital communication, equating its responsibilities to those of traditional media. He announced plans to meet with government officials to discuss the matter.
Meta’s recent decision has prompted Brazilian prosecutors to seek clarification on whether the changes will affect the country. The company has been given 30 days to respond as part of an ongoing investigation into how social media platforms address misinformation and online violence in Brazil.
Justice Alexandre de Moraes of Brazil’s Supreme Court, known for his strict oversight of tech companies, reiterated that social media firms must adhere to Brazilian laws to continue operating in the country. Last year, he temporarily suspended X (formerly Twitter) over non-compliance with local regulations.
Meta has so far declined to comment on the matter in Brazil, fueling concerns over its commitment to tackling misinformation globally. The outcome of Brazil’s inquiry could have broader implications for how tech firms balance local laws with global policy changes.
The European Union’s landmark crypto regulation, the Markets in Crypto-Assets (MiCA) framework, officially took effect on 30 December 2024, promising to streamline the industry across all 27 member states. MiCA introduces a unified rulebook to replace the fragmented national laws that previously governed the sector. Its goals include boosting transparency, reducing risks for investors, and fostering innovation in an industry often marred by scams and market instability.
Under MiCA, crypto token issuers must meet strict disclosure standards, while exchanges and wallet providers are required to register with the European Banking Authority. Stablecoins, particularly asset-referenced and electronic money tokens, face rigorous scrutiny, including reserve requirements and sustainability disclosures. However, the regulation has brought significant challenges, such as high compliance costs and operational overhauls, which could force smaller companies to relocate to less stringent jurisdictions like the UAE or UK.
Experts believe MiCA offers long-term benefits, including clarity and stability for the crypto sector, but warn that its strict demands might stifle innovation for startups. The regulation’s success will hinge on consistent enforcement across the EU and its ability to balance oversight with fostering growth. As Europe navigates this new framework, it signals a global shift, with the US also taking steps to establish itself as a crypto leader under its incoming administration.
Business email compromise (BEC) scams are on the rise, targeting companies through highly deceptive tactics. These scams involve cybercriminals hacking into legitimate email accounts and tricking victims into transferring large sums of money. Recently, a small business narrowly avoided a major financial loss when a scammer posed as its owner, sending fraudulent wiring instructions to the company’s bank. Quick action by the business owner and a vigilant banker prevented the funds from being transferred.
Experts warn that BEC scams rely less on technical vulnerabilities and more on exploiting trust between businesses and their partners. Hackers often gain access through phishing attacks, installing malicious software, or guessing weak passwords. Once inside an email account, they may create hidden rules to intercept or forward messages, concealing their activities until it’s too late.
To counter these threats, cybersecurity professionals recommend measures such as enabling two-factor authentication, regularly updating passwords, and monitoring email account activity for unusual changes. Businesses are also advised to verify financial transactions using secondary methods, such as phone calls, to confirm the legitimacy of requests.
With global losses from BEC scams amounting to billions, the stakes are high. By taking proactive steps to enhance security, businesses can protect themselves from falling victim to these sophisticated schemes.
A High Court judge has dismissed a legal challenge by James Howells, who sought to recover a Bitcoin hard drive worth nearly £600 million from a Newport landfill. Howells claimed his former partner mistakenly discarded the device in 2013 and had repeatedly asked the council for permission to excavate the site. He argued that the lost cryptocurrency should be returned to him or that he should receive £495 million in compensation.
Newport City Council opposed the claim, stating that existing laws meant the hard drive became council property when it entered the landfill. The judge ruled there were no reasonable grounds for the case to proceed, as the claim had no realistic chance of success. Environmental regulations also prohibited digging up the site, which contains more than 1.4 million tonnes of waste.
Howells, who mined the Bitcoin in 2009 when it was virtually worthless, expressed disappointment at the ruling, calling it a “kick in the teeth.” He had offered to share a portion of the recovered cryptocurrency with the council and the local community. With Bitcoin’s value surging in 2024, he speculated that the hard drive’s worth could exceed £1 billion by next year, but the legal route to reclaiming it has now been firmly closed.
A decade-long fight for a lost Bitcoin fortune has ended bitterly for James Howells, an IT engineer from Newport, Wales. The Cardiff High Court dismissed his case against Newport City Council, rejecting his bid to access a landfill where a hard drive containing 8,000 Bitcoins lies buried. The drive, discarded in 2013, holds an estimated $700-750 million as Bitcoin recently soared above $94,000 per unit.
Howells had offered the council a share of the recovered fortune and £495 million in compensation but was denied on environmental grounds. Judge Keyser KC ruled that the claim lacked “reasonable grounds” and upheld the council’s ownership of the landfill contents. Howells asserted the drive was within a 100,000-tonne section of the 1.4 million tonnes of waste.
Reacting to the decision, Howells called it a “kick in the teeth,” lamenting the missed opportunity to recover the lost fortune. Despite assembling a team of experts and holding multiple negotiations, he faced insurmountable legal and environmental roadblocks, bringing an end to the saga.
Nvidia has voiced strong opposition to a reported plan by the Biden administration to impose new restrictions on the export of AI chips, urging the outgoing president to avoid making a decision that could impact the incoming Trump administration. The company warned that such measures would harm the US economy, hinder innovation, and benefit adversaries like China. Nvidia’s Vice President, Ned Finkle, called the policy a “last-minute” move that would leave a legacy of criticism from both US industry and the global community.
The proposed restrictions, as reported by Bloomberg, aim to limit AI chip exports to certain countries, particularly targeting China to prevent the enhancement of its military capabilities. While some nations would face outright bans, the rules would also cap the computing power that can be exported to others. The Biden administration has yet to confirm the details, and requests for comment from the White House and the Commerce Department went unanswered.
Industry groups, including the Information Technology Industry Council, which represents major tech firms like Amazon, Microsoft, and Meta, have expressed concern about the policy. They argue that it would impose arbitrary limitations on US companies’ global competitiveness and risk ceding market leadership to foreign rivals. Nvidia warned that these restrictions could push international markets toward alternative technologies, undermining the US technology sector.
President-elect Donald Trump, who begins his second term on January 20, previously enacted technology export restrictions to China during his first term, citing national security concerns. Nvidia’s statement reflects apprehension about the continuity of US policy on AI chip exports under the new administration.
The Government of Uttar Pradesh, a state in northern India, and Google Cloud have partnered to launch a pioneering open network for agriculture, powered by Google’s Gemini and enabled by the Beckn Protocol. The initiative will provide millions of farmers with seamless access to essential services, including advisory, credit, mechanisation, and market linkages, all through a single platform.
The network is designed to be open and decentralised, allowing any service provider—from input suppliers to financial institutions and government agencies—to connect with farmers. Google’s Gemini framework facilitates easy access by enabling voice command interactions in multiple languages, including Hindi, Bengali, Telugu, Kannada, Gujarati, and Punjabi, with more languages to be added in the future.
The Beckn Protocol ensures interoperability and decentralisation, making the network an innovative alternative to traditional, closed-market systems. It encourages the development of customised solutions, fostering competition and innovation within the agricultural ecosystem.
The open network is part of Uttar Pradesh’s broader vision to digitise agriculture, double farmers’ incomes, and bridge the digital divide using AI technologies. The initiative also serves as a model for other regions, demonstrating how digital public infrastructure (DPI) can transform agriculture on a large scale.
The Uttar Pradesh government aims to empower farmers with the tools and resources they need to thrive in the 21st century. By leveraging the Beckn Protocol and Google Cloud’s DPI-in-a-box solution, the network enables the decentralised exchange of value, making agri-commerce and advisory services more accessible. Through this collaboration, Uttar Pradesh seeks to accelerate progress in agriculture while fostering innovation and enhancing its farming community’s economic and social impact.
Gambia’s Ministry of Communications and Digital Economy (MoCDE) has partnered with the India-based Kalp Foundation to develop Gambia One, a blockchain-powered digital public infrastructure platform. The initiative aims to bridge the digital divide, empower communities, and create scalable solutions aligned with global standards.
The platform will modernise government operations, digitise critical services, and enable secure data exchange using Kalp Blockchain technology. A key focus is skilling Gambian youth in blockchain and related technologies, fostering a tech-savvy workforce and promoting sustainable growth.
The initiative also emphasises inclusivity, innovation, and transparency as cornerstones of Gambia’s digital economy strategy, positioning the country as a leader in blockchain-driven governance while serving as a global model for equitable and compliant digital transformation. Both parties have lauded the partnership for its transformative potential.
Hon. Lamin Jabbi, Minister of Communications and Digital Economy of Gambia, described the collaboration as a significant step toward building a robust and inclusive digital ecosystem. Tapan Sangal, Founder and Director of the Kalp Foundation, highlighted its scalability and alignment with ethical standards, emphasising the foundation’s commitment to empowering governments and citizens alike. The initiative underscores Gambia’s ambition to become a future-ready nation, leveraging cutting-edge technology to drive growth, foster innovation, and build a brighter, more inclusive future.
Brazil is becoming a major hub for data centres, with billions of dollars in investments expected as AI and digital infrastructure drive demand. Growth limitations in larger markets such as the United States and Europe have led companies to expand in Brazil, taking advantage of the country’s political stability, renewable energy resources, and increasing local demand. Several major players, including Ascenty, Equinix, and ODATA, are making significant investments to establish or expand their facilities.
Grupo FS is entering the sector with a $1.8 billion investment to build three new data centres. Equinix is expanding in São Paulo and Rio de Janeiro, while ODATA continues to grow following its acquisition by Aligned Data Centers. Tecto, backed by Brazilian bank BTG, has secured land in São Paulo for a new hyperscale facility powered entirely by renewable energy. Meanwhile, Elea Data Centers is expanding across Brazil, focusing on sustainable operations in key regions.
Investors see Brazil as an attractive destination due to its growing digital economy and strategic location. Companies are increasing their footprint to meet rising demand for cloud computing and AI-driven technologies. As the industry expands, Brazil is positioning itself as a leading data centre hub in Latin America, benefiting from a mix of international and domestic investment.
