Happy Monday. Tiger Global, the New York-based investment fund, has booked total gains worth $3.5 billion following a complete sale of its Flipkart shares to Walmart. This and then some in today’s ETtech Morning Dispatch.
Forms working group under industry veterans to find ways to encourage fund flows while also protecting investors.
Lowering the legal user age for giving consent was one of the biggest demands of Facebook and Google, as that would have significant impact on their business in the country.
GalaxEye Space cofounder and chief executive officer (CEO) Suyash Singh said the satellite -- Mission Drishti -- synchronises two complementary sensors, thus pioneering data fusion at its core.
Kraken had said early on Sunday that it was investigating an issue with the Ethereum funding gateway and that it could cause a delay in deposits and withdrawals.
Musk said that X received ‘rich incentives’ to move its headquarters out of San Francisco but he has refused the offers.
The X appeared after San Francisco police stopped workers on Monday from removing the brand's iconic bird and logo from the side of the building, saying they hadn't taped off the sidewalk to keep pedestrians safe if anything fell.
On Monday, Twitter unveiled its new name, and with it, a new logo. The unfurling of the new branding had the same chaotic energy Elon Musk has brought to every step of the journey since he bought Twitter in October. As users on X (formerly referred to by some, semi-affectionately, as "the bird app") adjusted to their new surroundings, there were many questions to ponder.
Under new CEO, tech major also makes changes to leadership, aligns with business verticals
Chandrasekhar said that so far seven startups had been selected as participants in the semiconductor DLI scheme.
Last month, the Malaysian Communications and Multimedia Commission (MCMC) said it would take legal action against Meta for failing to act against "undesirable" content relating to race, royalty, religion, defamation, impersonation, online gambling, and scam advertisements.
The move is aimed at bringing both overseas and domestic online gaming companies that accept and make payment in VDAs such as cryptocurrency under GST, officials said.
In an interview with Aashish Aryan, the minister said the India Semiconductor Mission will ensure that companies set up shop in India as a natural business decision, not just on geopolitical and supply chain considerations.
Worldcoin's launch on Monday comes as the cryptocurrency industry is suffering hard times after the spectacular collapse of FTX and various legal cases against the sector's biggest players.
Musk's post on X about the user figures comes as the company goes through organizational changes and faces competition from the newly launched Threads app, owned and operated by Meta Platforms.
The sharp fall in his remuneration was due to the absence of the long-term incentive component, which will be paid next fiscal year, the company said in its annual report.
Founder and managing director Nitish Mittersain attributed the jump in profits to some of its companies' businesses such as Sportskeeda having grown well with better margins.
While admitting that there is a viable business to be set up in digitising the physical agent network, Dahiya said there is definitely a bubble building up in the insurtech space with respect to sky high valuations.
Four research papers, published in Science and Nature, reveal the extent of political echo chambers on Facebook, where conservatives and liberals rely on divergent sources of information
Democratic and Republican senators voiced alarm this week about artificial intelligence's potential use to create a biological weapon.
These platforms are offering micro-influencers up to Rs 1,000 per post on social media platforms such as X (Twitter), Instagram and Facebook, asking users to switch to their platforms.
Meta's improving finances are the second indication in two days that the online ad market, after a long slump brought on by a slowing economy, is showing signs of improvement
Republicans and some Democrats want fast action, raising concerns that China could surpass the United States in deploying cars without human drivers.
The special meeting is expected to thrash out issues such as repetitive taxation in determining the full face value among other matters flagged by the gaming industry.
Costs rose sharply as Microsoft built new data centers to support AI, and chief financial officer Amy Hood said on a conference call with analysts the company's capital expenditures would continue rising each quarter throughout fiscal 2024.
Porat, hired in 2015, is one of Silicon Valley's most prominent female executives and oversaw tremendous growth at Alphabet. She will become chief investment officer and president starting September 1 and lead 2024 planning while her successor is sought.
China's battery makers including CATL are facing challenges of weakening demand and bigger cost reduction pressure from EV makers amid a price war and a slowdown in auto sales this year.
Corning has moved aggressively this year to cut down on costs to make up for the slump in its main markets, which, combined with earlier price hikes, has helped the company to still expand its core gross margin by 100 basis points to 36.2%.
ChatGPT is now available for Android users in the United States, India, Bangladesh and Brazil, the viral chatbot's owner OpenAI said on Tuesday, as it looks to take advantage of the popularity of the artificial intelligence tool.
TikTok, the social platform known for its addictive video content, announced Monday that it will offer text-only posts, becoming the latest tech giant to offer an alternative to embattled Twitter.
The government is planning to do away with the concept of ‘continuous consent’ for applications and digital services by making it mandatory for companies to obtain consent every time. Currently, such firms obtain consent only initially when a user signs up for the service, and then they continue to process the data as required. This and more in today’s ETtech Morning Dispatch.
Samsung Semiconductor India Research (SSIR), the research arm of South Korean manufacturing conglomerate Samsung in Bengaluru, has got 1,100 patents to its credit so far, a senior executive told ET.
Norway's state sector has been hit by cyber attacks previously, including in June 2022, when a so-called distributed denial-of-service (DDoS) attack took place, blamed on a "criminal pro-Russian group".
Reliance will initially invest about $46.2 million in units of Mercury Holdings SG Pte, which is a joint venture (JV) between Brookfield Infrastructure and US-based real estate investment trust Digital Realty.
The 52-year-old Tesla founder has previously said that his rocky takeover of Twitter last year was "an accelerant to creating X, the everything app," a reference to the X.com company he founded in 1999, a later version of which went on to become PayPal, a payments giant.
Happy Monday. If a swallow does make a summer, maybe Byju’s is going to be in the (Barbie) pink of health or back in the (Oppenheimer) black, some day. For the embattled edtech major may have finally caught a break after an endless series of woes.
Musk hinted late Saturday night that he may ditch the social media network's blue cartoon bird branding -- and soon -- for an edgier logo based on an "everything app" he has long alluded to called only X.
The agency is the central technology arm to combat cyber attacks and guards the cyber space against phishing and hacking assaults and similar online attacks.
In a tweet on Sunday, the billionaire owner added: "If a good enough X logo is posted tonight, we'll make go live worldwide tomorrow."
The rare meeting with global funds comes after Chinese President Xi Jinping’s administration voiced its strongest support in recent years for the country’s private tech enterprises just days earlier.
Since June, Hollywood studios and performers have debated the use of artificial intelligence (AI) in film and television.
On one side are global tech biggies such as Google, Meta, Amazon, Microsoft, Cisco, Qualcomm, Intel and Netflix. On the other – telcos, Reliance Jio, Bharti Airtel and Vodafone Idea. The tech giants want the 6 GHz band delicensed to boost affordable broadband connectivity across rural India via WiFi.
Revenue from operations for the payments major stood at Rs 2,341.6 crore for the June quarter, a 39.4% increase on year. Operational revenue growth for the firm, however, fell almost 5% on a sequential basis for the recently concluded quarter.
Microsoft's Activision Blizzard deal is back in the hands of Britain's antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the U.S. software giant's takeover were published.
Six leading Indian IT services companies that have announced first-quarter earnings recorded the sharpest contraction in headcount in the last three years in the April-June period.
This week was Dunzo’s worst ever since it pivoted to quick commerce with Dunzo Daily in 2021. At ETtech, we have been closely tracking the Reliance Retail and Google-backed firm. What has come to pass has been in the making for a while.
The undertaking given by the Centre to the Bombay High Court to not constitute the Fact Check Unit has been extended to September 4.
At a White House event, Biden addressed growing concerns about the potential for artificial intelligence to be used for disruptive purposes, saying "we must be clear-eyed and vigilant about the threats from emerging technologies" to US democracy.
Britain's Competition Appeal Tribunal granted the adjournment application which was requested jointly by the antitrust regulator, the CMA, and Microsoft, as part of the latter's plan to try to buy Activision Blizzard.
It's a win-win proposition with these mostly consumer-facing startups getting a face to push their brands besides the money, and celebrities getting a low-risk, high-potential investment opportunity.