Category: Technology
snap: Snap misses revenue expectations, warns of Q2 decline
[ad_1] Snap Inc on Thursday missed analyst expectations for quarterly revenue as recent changes to its advertising platform hurt demand for ads, and it also warned the next quarter could be below Wall Street’s targets. Shares of Snap dropped 19% in after-market trading. The Santa Monica, California-based company, which owns photo messaging app Snapchat, has ...
Elon Musk: Elon Musk ramps up AI efforts, even as he warns of dangers
[ad_1] In December, Elon Musk became angry about the development of artificial intelligence and put his foot down. He had learned of a relationship between OpenAI, the startup behind the popular chatbot ChatGPT, and Twitter, which he had bought in October for $44 billion. OpenAI was licensing Twitter’s data – a feed of every tweet ...
Layoffs: Tickertape lays off 30% staff, may fold up into wealth management startup Smallcase
[ad_1] Tickertape has laid off around 30% of its workforce even as the company may fold up into Smallcase, which is its largest investor, two sources in the know told ETtech. Market research platform Tickertape was founded in 2015, and incubated within Smallcase, a management firm. In 2021, it was hived off as a separate ...
online games gst: Govt may classify online games as games of skill, chance; levy differential GST rate
[ad_1] The Finance Ministry is considering classifying online gaming into categories of skill and chance, and levying a differential rate of GST, an official said. Online games where winning is dependent on a certain outcome or is in the nature of betting or gambling would attract 28% Goods and Services Tax (GST), while those which ...
startups funding: Asia hedge fund startups raised just $3.5 billion in 2022
[ad_1] Asia hedge fund startups raised only $3.5 billion last year – the lowest amount since the global financial crisis, industry data showed, with activity in Hong Kong hit hard by COVID restrictions and heightened geopolitical risks. While more launches in the region are expected this year, demand for hedge funds will still be subdued, ...
ondc etailers evaluation: ONDC to evaluate etailers based on commitment, says CEO Thampy Koshy
[ad_1] The government-backed Open Network for Digital Commerce (ONDC) will continually evaluate the performance and commitment of any platforms joining the network with respect to their contribution towards the progress of ONDC, chief executive Thampy Koshy told ET when asked whether ONDC will be removing platforms that don’t have their main platform on the network, ...
meta q1 results: Meta Q1 results: Revenue up 3% to $28.7 billion, net profit plummets 24%
[ad_1] Facebook-parent Meta reported better-than-expected earnings for the first quarter (Q1) of 2023 as revenue rose 3% to $28.65 billion compared with $27.9 billion from the year-ago period. The revenue figures beat the Street expectations of $27.65 billion, according to Refinitiv. However, the company’s net profit dropped significantly by 24% to $5.7 billion from $7.5 ...
tamil nadu gaming law: Gaming federation moves Madras HC seeking stay on Tamil Nadu gaming law
[ad_1] Gaming industry body AIGF (All India Gaming Federation) has moved the Madras High Court seeking a stay on Tamil Nadu’s gambling law, enacted on April 21. In its plea to the High Court, AIGF has alleged that the Tamil Nadu Prohibition of Online Gaming and Regulation of Online Games Act of 2022 would have ...
microsoft activision deal: UK blocks Microsoft’s $69-billion Activision deal over cloud gaming concerns
[ad_1] British regulators have blocked Microsoft‘s USD 69 billion deal to buy video game maker Activision Blizzard over worries that it would stifle competition in the cloud gaming market. The Competition and Markets Authority said in its final report Wednesday that “the only effective remedy” to the significant loss of competition that the deal would ...
linkedin: LinkedIn now has 100 million members in India: Satya Nadella
[ad_1] Professional social networking platform LinkedIn now has 100 million members in India, up 19 per cent year-on-year, Microsoft Chairman and CEO Satya Nadella has informed. The Microsoft-owned LinkedIn saw record engagement in the March quarter as more than 930 million members globally now turn to the professional social network to connect, learn, sell and ...