Zoom jumps on AI bandwagon, forecasts upbeat 2024 profit targets

San Jose, California-based Zoom forecast profit between $4.11 and $4.18 per share for fiscal 2024, compared with analysts' average estimate of $3.66 per share, according to Refinitiv data.

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Tesla, Elon Musk sued by shareholders over self-driving safety claims

In a proposed class action filed in San Francisco federal court, shareholders said Tesla defrauded them over four years with false and misleading statements that concealed how its technologies, suspected as a possible cause of multiple fatal crashes, "created a serious risk of accident and injury."

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Meta builds A-team focused on AI products

AI has emerged as a bright spot for investments in the tech industry, which has been struggling with slowing growth, and has cut thousands of jobs as well as dialed down on experimental bets to beat the downturn.

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Wipro announces four new business lines to align with client business needs

Under the new model, Wipro has created four GBLs organized around cloud, enterprise technology and business transformation, engineering, and consulting, according to the exchange filing. The changes will go into effect April 1, 2023.

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Paytm stock jumps over 5% in early trade. What's happening?

The consolidated revenue from operations increased 42% year-on-year (YoY) to 2,062 crore, driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in commerce business.

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Dutch warn against internet tax as EU looks to Big Tech to fund networks

Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have long lobbied for a Big Tech contribution while Alphabet Inc's Google, Apple Inc, Meta Platforms Inc, Netflix Inc, Amazon.com Inc and Microsoft Corp are the firms that said an internet tax would undermine EU rules to treat all users equally.

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Microsoft introduces next-generation hybrid cloud platform

According to a report in tech publication TechCrunch, the tech giant believes that modern network infrastructure will assist its telecommunications partners to improve and monetise their existing infrastructure while also lowering their overall cost of ownership.

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In latest round of job cuts, Twitter is said to lay off at least 200 employees

The layoffs came after a week when the company made it difficult for Twitter employees to communicate with one another. The company's internal messaging service, Slack, was taken offline, preventing employees from chatting with one another or looking up company data, five current and former employees told The New York Times.

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Microsoft unveils suite of cloud tools for telecom firms

Telecom partners such as AT&T Inc , Ericsson, and Nokia Oyj will be able to benefit from Microsoft's new Nexus service, an all-in-one platform allowing operators to manage their networks from the cloud, and two different "AIOps" services.

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Zomato asks restaurants to raise commissions

For the past two years, Zomato has been charging a commission of 18-25% per order for deliveries, depending on its arrangement with restaurant partners.

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Google layoffs not based on performance: Sacked Indian employee

In a LinkedIn post, Google India employee Animesh Swain stated that pink slips were also served to employees with highest ratings. The list also has names who were recently awarded promotions.

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Generative AI like ChatGPT will be a co-worker, will not replace jobs: TCS

The introduction of platforms like ChatGPT has led to concerns on whether a trained human is needed at all to deliver the work which a technology company offers to clients.

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Efforts on to develop 'international framework' on crypto assets: RBI Governor Shaktikanta Das

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Twitter lays off at least 50 in relentless cost cuts: report

Twitter announced on Saturday that it will be firing 50 employees across multiple engineering teams, including those supporting advertising technology, the main Twitter app, and technical infrastructure to keep Twitter's systems up and running.

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Microsoft accidently releases Windows 11 upgrade to ineligible PCs

Microsoft said the issue was resolved and it might take 24 to 48 hours to propagate to all affected devices.

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India asks IMF, FSB to prepare technical paper on crypto assets

The paper could be used to formulate a coordinated and comprehensive policy to regulate crypto assets.

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Sequoia Capital resigns from board of crime app Citizen

Citizen, which has previously raised about $133 million from backers including Peter Thiel’s Founders Fund, has over 9 million users and operates in 60 cities across the US

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G20 recognises risk attached, agrees to discuss IMF-FSB paper on crypto assets in upcoming meetings

​​According to the chair's summary released at the end of the two-day meeting of the Finance Ministers and Central Bank Governors (FMCBG) on Saturday, the grouping will be looking forward to the IMF-FSB Synthesis Paper on crypto assets.

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Google awards record $12 million to 700 bug researchers, Indian leads

Alphabet and Google CEO Sundar Pichai on Saturday said that the company awarded a record $12 million in bug bounties to more than 700 researchers in 2022, including the largest award in its bug bounty programme history.

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Twitter shuts off internal Slack, employees say didn't pay bills

Twitter has apparently shut off its internal communication system Slack and employees posted on anonymous workplace chat app Blind that the company had stopped paying its Slack bills.

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List of countries that have implemented partial or complete ban on TikTok

European Union's executive arm, the European Commission, has issued an order to ban the use of popular Chinese app TikTok on its staff's phones due to cybersecurity concerns.

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Edtech: M&A talks gain momentum amid a prolonged funding crunch

Even as the winter recedes from the capital, the chilly undercurrent of the funding winter was palpable at the GSV Emeritus India Summit, organised earlier this week at Gurugram, which saw participation from executives representing edtech startups and investors from across the country and overseas.

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Stripe in advanced talks to raise $4 billion from investors

The latest capital raise from investors including Thrive Capital could be the largest private funding round in recent memory, marking a steep decline in the valuation of the fintech startup, which was valued at $95 billion in early 2021.

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Meta rolls out new language model amid Big Tech's AI push

The battle to dominate the AI technology space, which until recently existed more in the background, kicked off late last year with the launch of Microsoft-backed OpenAI's ChatGPT prompted tech heavyweights from Alphabet Inc to China's Baidu Inc to create their own offerings.

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Will frame rules to control financial advice from social media influencers: Sebi

​​Addressing a meeting of the Association of Registered Investment Advisers on Friday, Sebi whole-time member Ananth Narayan Gopalkrishnan said some unscrupulous people are misusing their Sebi registration to further their businesses and as the regulator "we don't want (that) to happen".

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Australia tells Twitter, Google to give information on handling online child abuse

The action by the country's e-safety commissioner keeps a spotlight on the anti-exploitation practices at Twitter under the ownership of billionaire Elon Musk, who called child protection his top priority while also laying off more than half its employees since taking over last October.

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IMF lays out crypto action plan, recommends against legal tender status

Such efforts have become a priority for authorities, the fund said, after the collapse of a number of crypto exchanges and assets over the last couple of years, adding that doing nothing was now "untenable".

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Google permits alternative billing system, but developers cry foul; Uber looks to partner with private taxi operators

Complying with the directives of the Competition Commission of India (CCI), Google is bringing about a change in its ‘Google Play payment policy’. The change permits an alternative billing system for users making in-app purchases on mobile phones and tablets, alongside Google Play's billing system.

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SAP Labs lays off 300 staffers in India

The layoffs majorly impacted Bengaluru and Gurgaon offices. It was a result of shuttering of a global delivery centre that housed custom development roles to undertake SAP implementation projects.

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Stakeholder consultation for Digital India Bill likely from March: Rajeev Chandrasekhar

Chandrasekhar also said the government is waiting for firms such as Facebook and Google to come up with a concrete framework for fact-checking information on its platforms and the government will not notify the policy unless a clear model emerges.

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Tata 1MG-backed 5C Network acquires AI healthtech startup Krayen

With this acquisition, 5C Network aims to double its digital scanning services targeting a billion scans a year by 2025, the company said.

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AI-created images lose US copyrights in test for new technology

"Zarya of the Dawn" author Kris Kashtanova is entitled to a copyright for the parts of the book Kashtanova wrote and arranged, but not for the images produced by Midjourney, the office said in its letter, dated Tuesday.

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Bumble positive on 2023 as user growth defies economic gloom

The owner of the app where women make the first move has in recent months benefited from a pullback in the U.S. dollar and new features such as "Compliments", which allows users to engage with each other before they decide to connect by sending a note.

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Google hails 'key milestone' in quantum computing with reduction in error rates

In new research published in the journal Nature, the Google Quantum AI lab described a system that can significantly decrease the error rate.

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Italy pursues Facebook's Meta for $925 million in sales taxes

The investigation was opened by Milan magistrates at the request of the European Public Prosecutor's Office (EPPO), which asked the Guardia di Finanza police and the Italian Revenue Agency to check if there is a case for user registrations to be subject to tax.

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Haptik using AI to build human-like bots for enterprises: CTO Swapan Rajdev

Generative AI refers to a category of artificial intelligence algorithms that generate new outputs based on the data they have been trained on.

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Micromobility company Lime reports first profitable year, mulls IPO

Founded in 2017, Lime runs electric scooters, electric bikes and electric mopeds in various cities around the world.

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Coinbase swings to quarterly loss as crypto winter hits trading volume

The digital assets market suffered from dour sentiment over the last year, but the biggest blow to the sector came from the bankruptcy of Sam Bankman-Fried's major crypto exchange FTX in November.

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Microsoft increases chat limits on Bing AI

ChatGPT-driven Bing search engine triggered a shockwave after it told a reporter with The New York Times that it loved him, confessed its destructive desires and said it "wanted to be alive", leaving the reporter "deeply unsettled."

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Exclusive | Focus is on profitability, growth at all costs never sustainable: ShareChat CEO

The Bengaluru-based firm, backed by Twitter and Snap Inc, has cut its cash burn down by a third compared to the same time last year, ShareChat founder and CEO Ankush Sachdeva told ET.

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Microsoft inks Nvidia game deal to assuage regulators over Activision merger

Britain earlier this month said the deal could harm gamers by weakening the rivalry between Xbox and PlayStation, result in higher prices, fewer choices and less innovation for millions of players, as well as stifling competition in cloud gaming.

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'ChatGPT a powerful tool': NR Narayana Murthy of Infosys

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Microsoft's president to push Activision deal at EU hearing; Google, Nvidia also present

The hearing will allow Xbox maker Microsoft to gauge the mood among senior EU and national competition officials and Commission lawyers ahead of the submission of remedies to address antitrust concerns.

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Edtech startup NxtWave raises $33 million in funding round led by Greater Pacific Capital

Edtech firm NxtWave on Tuesday said it has raised $33 million (about Rs 272 crore) in its latest funding round led by private equity firm Greater Pacific Capital. NxtWave's existing venture investor Orios Venture Partners also participated in the funding round.

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NBA, Ant Group launch strategic partnership in China

Fans in China would have access to NBA video content on Alipay, the hugely popular payments app owned by Ant Group, the company said in a statement.

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EV maker Nio to build 1,000 battery-swap stations in China in 2023

Nio will build 400 battery-swapping stations along highways and 600 in urban areas with a focus on the country's third- and fourth-tier cities and counties, Li said in a post on Nio's social media platform.

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Payment gateways begin taking share from top players as onboarding pause ensues

Indian banks that have their white-label payment processing offerings have also seen a rise in merchant signups, industry executives told ET.

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Microsoft working on new version of Teams app: report

A report in tech publication The Verge suggests that the new application has been rebuilt from scratch to improve its system resource usage on PCs and laptops significantly.

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Mark Zuckerberg rolls out monthly subscription plan 'Meta verified' for Instagram and Facebook

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Delhi govt warns bike taxis against plying in national capital

The use of two-wheelers for commercial purposes is in violation of the Motor Vehicles Act, 1988. The first offence could lead to a fine of Rs 5,000 while a second offence could incur a Rs 10,000 fine and imprisonment of up to a year, the department said in a public notice.

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