Category: Technology
credit suisse: Much-needed pause for India’s unicorn brigade expected: Credit Suisse
[ad_1] After the Indian startup ecosystem birthed almost 70 new unicorns in the last two years, the much-needed pause in new unicorn creation was expected, said a Credit Suisse report. The commentary comes at a time when there hasn’t been any new unicorn in 2023. A unicorn is a privately- held startup valued at $1 ...
Tencent Holdings: Tencent says focus on cost-cutting, core business after first revenue fall
[ad_1] Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world’s largest video game company and operator of the WeChat messaging platform posted revenue of 554.55 billion yuan ($81 billion) for 2022, ...
meta: German group sues Meta alleging failure to curb threats
[ad_1] A prominent German environmental group said on Wednesday it is suing Facebook‘s parent company Meta, accusing the social media firm of failing to clamp down on insults and threats of violence and murder. Environmental Action Germany (DUH) said in a statement that Meta had failed to shut down Facebook groups in which threats of ...
eu ai act: As artificial intelligence booms, EU lawmakers wrangle over new rules
[ad_1] Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers ...
Tiktok ban: TikTok has never shared US data with Chinese govt, says CEO Shou Zi Chew
[ad_1] TikTok CEO Shou Zi Chew will tell lawmakers the Chinese-owned short video app with more than 150 million American users has never, and would never, share U.S. user data with the Chinese government amid growing U.S. national security concerns. “TikTok has never shared, or received a request to share, U.S. user data with the ...
Aadhaar Enrolment: UIDAI has suspended 1.2% of the total operators for attempted fraudulent activities
[ad_1] About 1.2 % of the total operators have been suspended in last one year, due to attempted fraudulent activities and necessary penal action has been taken in such cases, the UIDAI (Unique Identification Authority of India) said on Tuesday. “UIDAI regularly carries out inspection to find out deviant behavior among operators. UIDAI does benching ...
WazirX: WazirX blocked 2,431 accounts in past six months
[ad_1] Cryptocurrency exchange WazirX blocked over 2,431 accounts based on its internal transaction monitoring process or directives from the law enforcement agencies during October 2022 to March 2023 period, the company said in its biannual transparency report. Comparatively, WazirX had initiated the blocking of around 700 accounts in the March 2022 to September 2022 period. ...
Zomato Gold: Zomato’s Gold programme helps company reclaim market share from Swiggy: HSBC report
[ad_1] Zomato, since the relaunch of its loyalty programme, has started reclaiming the market share it had lost in the second half of 2022 to rival food delivery company Swiggy, HSBC Global Research said in a note. The Gurgaon-based company relaunched Zomato Gold in January, almost 30 months after it replaced the subscription programme with ...
chatgpt: ChatGPT suffers mega outage, chat history unavailable for most users
[ad_1] As key social media websites suffer outages every now and then, it was the turn of AI conversational service ChatGPT to go down for most of the users, including paid subscribers, and their chat history also went unavailable for several hours. ChatGPT, a product of Microsoft-owned OpenAI, suffered a day-long outage as users were ...
uber lyft gig workers us: Uber, Lyft trade group questions Biden’s labor nominee’s gig workers stance
[ad_1] Rideshare and delivery companies want the Biden administration’s nominee for the Department of Labor to clarify her position on an incoming worker-classification rule that could expand workers’ rights, a trade group representing the companies said on Monday. The Department of Labor in October proposed a rule that would make it more difficult for companies ...