Tuesday, December 27, 2022

Apple Japan hit with $98 million in back taxes: report

According to Nikkei, bulk purchases of iPhones by foreign shoppers were discovered at some Apple stores with at least one transaction involving an individual buying hundreds of handsets at once and the store missed taxing at least one possible reseller.

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Monday, December 26, 2022

Indian-American MIT scholar VA Shiva Ayyadurai wants to be the next Twitter CEO

Mumbai-born VA Shiva Ayyadurai, 59, who holds four degrees from the Massachusetts Institute of Technology (MIT), including a PhD in biological engineering, took to his Twitter to apply for the position.

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Indian fintech faces tough 2023; PayU India lays off 6% of employees

The operating environment is expected to get tougher for Indian fintech startups next year amid a worsening funding winter and regulatory changes over the past few months, multiple founders and investors told us.

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2022 Year in Review | A tumultuous 2023 awaits fintech startups

With the regulatory overhang on fintechs continuing, and the Reserve Bank of India (RBI) taking steps to regulate various aspects of the sector, investors are expected to remain selective in their approach, leading to potential consolidation in the coming months.

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Sunday, December 25, 2022

Time for 'cockroaches, not unicorns': layoffs, funding winter set to continue

Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession the world went through in 2008-2009 that began with Lehman Brothers collapse.

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Will metaverse come out of its cocoon or fail to woo netizens?

Meta (formerly Facebook), which sacked more than 11,000 employees in 2022, is reportedly struggling to gain and keep users on its social virtual reality (VR) platform called Horizon Worlds -- its biggest bet to fulfil its $10 billion metaverse dream.

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Google's anti-competitive activities harm Indian consumers, economy: MapMyIndia CEO

Google has approached the appellate tribunal NCLAT to challenge the CCI order on unfair business practices in the Android mobile device ecosystem, alleging that the decision presents a major setback for its Indian users and businesses, who trust Android's security features and potentially raises the cost of mobile devices.

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Saturday, December 24, 2022

WhatsApp working on feature to let users report status updates

Meta-owned messaging platform WhatsApp is reportedly working on a new feature which will provide users the ability to report status updates on desktop beta.

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Wadhwani AI gets $1 million grant from Google.org to build AI solutions in agriculture

Wadhwani AI had received a USD 2 million grant from Google.org in 2019 to support the CottonAce AI-powered pest management solution.

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Twitter Blue users now get 'prioritised rankings in conversations'

Micro-blogging platform Twitter has updated the list of features for its Blue service, which mentioned that subscribers paying for the $8 per month service will now get "prioritised rankings in conversations."

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FBI 'obviously overreached' with regard to online censorship: Elon Musk

The 'Twitter Files' earlier alleged that top Twitter executives, including former top FBI lawyer Jim Baker, suppressed and censored former US President Donald Trump in the days before the 2020 election, finally deplatforming him on January 8, 2021 - two days after the storming of the Capitol Hill that left five dead.

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Anthropic quietly sets up biology lab as it ramps AI drug program

At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco...