Google hit with $15 million verdict in US trial over audio patents

Personal Audio had argued that Google's music app Google Play Music featured playlist downloading, navigation and editing features that violated its patent rights.

from Tech-Economic Times https://ift.tt/SwRD5Ag

Tech sector facing challenges but will bounce back: Nandan Nilekani

The Infosys co­founders’ statement come as big tech companies such as Meta, Google, Amazon and Google had laid off techies in the west in a move to cut down costs.

from Tech-Economic Times https://ift.tt/pvlQAV7

Online marketplace OLX Group lays off 800 employees globally

According to publication TechCrunch, the move comes as the company begins to phase out activities of its automotive business arm Olx Autos in several areas after a lengthy search for potential buyers and investors.

from Tech-Economic Times https://ift.tt/BPxWEc3

Cisco launches AI networking chips to take on Broadcom Marvell

Cisco said the latest generation of its ethernet switches, called G200 and G202, have double the performance, compared with the previous generation, and can connect up to 32,000 GPUs together.

from Tech-Economic Times https://ift.tt/uITy9V2

IT major Hewlett Packard to offer cloud computing services for artificial intelligence

The move puts HPE into direct competition with cloud computing providers such as Amazon.com, Microsoft Corp and Alphabet Inc's Google.

from Tech-Economic Times https://ift.tt/JyrbvSF

Industry linkage imperative for sustaining startups: Union Minister Jitendra Singh

Singh said the best evidence of India's growth story is that the country has earned 174 million dollars by launching American satellites, which is only possible under Prime Minister Narendra Modi, who scrapped nearly 2,000 obsolete laws that were a hindrance in India's economic growth.

from Tech-Economic Times https://ift.tt/5OX3iJY

IRDA considering Managed General Agencies in insurance

Insurtech startups which mostly operate as insurance intermediaries are pushing for a new set of licences from the IRDAI to set up agencies who can source customers and take risks too.

from Tech-Economic Times https://ift.tt/EHCAWz2

Snap puts 10 billion AI chatbot messages to use refining its ad business

More than 150 million people — about 20% of Snapchat’s monthly users — have sent 10 billion messages to the chatbot, called My AI, since it was introduced at the end of February, the company said Thursday. Users have asked about everything from skin care recommendations to details about the latest sports car.

from Tech-Economic Times https://ift.tt/3UlY0hP

India can assume leadership position through digital transformation: MeitY Secy

Speaking on the need for digital transformation at the National Internet Exchange of India's (Nixi) 20th foundation day event in Delhi on Monday, he added that India would be able to achieve its climate goals through digital transformation.

from Tech-Economic Times https://ift.tt/hU2TBOC

Digital transformation would make India a digital leader globally: MeitY Secretary

Akilesh Kumar Sharma also pointed out the explosive growth of startups and entrepreneurships in the country.

from Tech-Economic Times https://ift.tt/z0C5Rpk

Silicon Valley Bank subsidiary sold to management team

Healthcare investment firm SVB Securities announced Sunday that its management team would buy out the company from parent Silicon Valley Bank, the California-based lender whose brisk collapse in March shook financial markets.

from Tech-Economic Times https://ift.tt/GJ54m3Q