Category: Technology
ByteDance: Zhang Yiming, founder of TikTok parent ByteDance, lost $17 billion in 2022
[ad_1] Zhang Yiming, the founder of TikTok parent company ByteDance, saw his personal fortune fall by $17 billion last year, according to statistics from Chinese firm Hurun published on Thursday. The reasons for the losses are unknown, but Zhang is still the second-richest entrepreneur in the world under the age of 40, with wealth valued ...
Google Play Store policy: Google to prohibit personal loan apps from accessing user photos, contacts
[ad_1] In the latest update to its Play Store policy, Google is set to restrict apps that offer loans to individuals from accessing user data such as photos, videos, contacts, precise location and call logs. The new restrictions will apply to all apps on the Play Store that offer personal loans or facilitate access to ...
ai chatbots: Publishers Worry AI Chatbots Will Cut Readership
[ad_1] The publishing industry has spent the past two decades struggling to adjust to the internet, as print circulation has plummeted and tech companies have gobbled up rivers of advertising revenue. Now come the chatbots. New artificial intelligence tools from Google and Microsoft give answers to search queries in full paragraphs rather than a list ...
meta oversight board: Facebook parent Meta to withdraw from selection of Oversight Board members
[ad_1] Facebook parent Meta’s Oversight Board said on Wednesday in a blog post that it has renewed a second term of the 17 board members it appointed in 2020, including three co-chairs, beginning April 1. Subsequently, Meta will be withdrawing from the selection process from here on. “Other members who joined the board later will ...
taxi services: Maharashtra forms panel to frame rules for app-based taxi services
[ad_1] The Maharashtra government on Wednesday set up a six-member committee to formulate rules for app and web-based taxi service aggregators. A government resolution (GR) issued by the state Home department stated that the decision to set up such a panel was under consideration, and it is in accordance with the letter issued by the ...
artificial intelligence: Not planning any law to regulate AI growth in India: IT minister Ashwini Vaishnaw
[ad_1] The government is not considering any law to regulate the growth of artificial intelligence (AI) in India, IT minister Ashwini Vaishnaw said on Wednesday. In a written reply to the Lok Sabha, Vaishnaw said that though AI had proven to be an enabler of the digital and innovation ecosystem, it had ethical concerns and ...
fantasy sports: Fantasy Sports revenue to rise 30-35% to Rs 2,900-3,100 crore this IPL season
[ad_1] Fantasy sports segment revenue is expected to grow in the range of 30-35 per cent to Rs 2,900-3,100 crore during the ongoing IPL 2023 cricket tournament season over the last year, market research firm Redseer Strategy Consultants said on Wednesday. The data estimates show 6.5-7 crore users are expected to transact on gaming platforms. ...
AI: Instant videos could represent the next leap in AI technology
[ad_1] Ian Sansavera, a software architect at a New York startup called Runway AI, typed a short description of what he wanted to see in a video. “A tranquil river in the forest,” he wrote. Less than two minutes later, an experimental internet service generated a short video of a tranquil river in a forest. ...
twitter inc: Twitter again accused of legal violations during mass layoffs
[ad_1] Twitter Inc faced a lawsuit on Tuesday accusing the social media giant of illegally laying off contract workers without notice after Elon Musk bought the company last year, the latest action stemming from its massive job cuts. The proposed class action, filed in San Francisco federal court, claims Twitter in November laid off numerous ...
amazon layoffs: Amazon lays off about 100 employees in its gaming divisions
[ad_1] Amazon.com Inc. laid off about 100 employees in its video-game divisions as part of its broader cutbacks, affecting workers at Prime Gaming, Game Growth and the company’s San Diego studio. “Our resources will be aligned to support our focus on content,” Games Vice President Christoph Hartmann wrote in a memo to employees Tuesday. “Going ...