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    Thailand to Start Collecting Tax From Foreign Tech Firms | Technology News

    BANGKOK (Reuters) – Thailand on Wednesday will start collecting value added tax (VAT) from foreign technology companies and expects to raise at least 5 billion baht ($154.70 million) in additional revenue each year, a senior official said. Foreign platforms providing electronic services in Thailand will have to register for VAT payments, senior finance ministry official, Ekniti Nitithanpraphas, told reporters. So far 69 companies have registered from a target 100, according to Ekniti. The companies are divided into five categories including platforms getting income from e-commerce and advertising like Facebook and Google, intermediaries such as ride-hailing app Grab have and streaming  

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    Factbox: From Tech to Education, China’s Season of Regulatory Crackdown | Technology News

    SHANGHAI (Reuters) – China has launched a multi-pronged crackdown on its tech companies, leaving startups and decades-old firms alike operating in a new, uncertain environment. Here are sectors that are facing regulatory pressure: Chinese regulators have slashed the amount of time players under the age of 18 can spend on online games to an hour of gameplay on Fridays, weekends and holidays, in response to growing concern over gaming addiction, state media said on Monday. China’s State Administration of Market Regulation (SAMR) said on Monday it would further regulate the sharing economy, a sector which includes companies facilitating ride-sharing, bike-sharing,  

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    Boeing Astronaut Capsule Grounded for Months By Valve Issue

    Boeing’s astronaut capsule is grounded for months and possibly even until next year because of a vexing valve problem. Boeing and NASA officials said Friday that the Starliner capsule will be removed from the top of its rocket and returned to its Kennedy Space Center hangar for more extensive repairs. Starliner was poised to blast off on a repeat test flight to the International Space Station last week — carrying a mannequin but no astronauts — when the trouble arose. A similar capsule was plagued by software issues in 2019 that prevented it from reaching the space station. “We’re obviously  

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    Amazon’s Palm Print Recognition System Raises Concern Among US Senators

    Three US senators, including Democrat Amy Klobuchar who chairs the Senate Judiciary Committee’s antitrust panel, wrote a letter to Amazon.com to express concern about its palm print recognition system, Klobuchar’s office said Friday. Amazon began rolling out biometric technology at its Whole Foods stores around Seattle in April, letting shoppers pay for items with a scan of their palm. The system, called Amazon One, lets customers link a credit card to their palm print. Klobuchar, who was joined by Senators Bill Cassidy, a Republican, and Jon Ossoff, a Democrat, expressed concern in the letter dated Thursday about both privacy and  

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    Using satellites and AI, space-based technology is shaping the future of firefighting

    The current space race isn’t just for billionaires. Using satellites, drones and artificial intelligence, emerging technology is changing the way firefighting agencies and governments battle the ever-increasing threat of wildfires as hundreds of thousands of acres burn across the western United States. New programs are being developed by startups and research institutions to predict fire behavior, monitor drought and even detect fires when they first start. As climate change continues to increase the intensity and frequency of wildfires, these breakthroughs offer at least one tool in the growing arsenal of prevention and suppression strategies. “This is not to replace firefighting  

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    A comprehensive study of technological change | MIT News

    The societal impacts of technological change can be seen in many domains, from messenger RNA vaccines and automation to drones and climate change. The pace of that technological change can affect its impact, and how quickly a technology improves in performance can be an indicator of its future importance. For decision-makers like investors, entrepreneurs, and policymakers, predicting which technologies are fast improving (and which are overhyped) can mean the difference between success and failure. New research from MIT aims to assist in the prediction of technology performance improvement using U.S. patents as a dataset. The study describes 97 percent of  

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