Business
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Deepfakes surge ahead of general elections in S. Korea
Seoul: With less than 50 days remaining until South Korea’s parliamentary elections in April, concerns over the proliferation of artificial intelligence (AI)-generated deepfake videos and images are mounting, prompting heightened vigilance from…
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Crypto exchange FixedFloat confirms hack, loses $26 mn in Bitcoin, Ether
New Delhi: Decentralised crypto exchange FixedFloat has confirmed a hack that resulted in the theft of Bitcoin and Ether worth at least $26 million. The exchange team confirmed the attack shortly after…
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Nothing CEO suggests Musk to change name to ‘Elon Bhai’
New Delhi: London-based consumer electronics brand Nothing CEO and co-founder Carl Pei has suggested Tesla CEO Elon Musk to change his name to ‘Elon Bhai’ on X. In a post on X,…
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RBI action on Paytm Bank has drawn fintechs’ attention to compliance: Chandrasekhar
New Delhi: The Reserve Bank’s regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. The…
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BCAS directs seven airlines to deliver baggage within 30 minutes
New Delhi: The Bureau of Civil Aviation Security (BCAS) has directed seven airlines to ensure that delivery of last baggage is made within 30 minutes as per the Service Quality Requirements of…
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Paytm takes Axis Bank’s help for QR, Soundbox & card machine functioning
New Delhi: Fintech firm One97 Communications — owner of the brand Paytm — has shifted its nodal account to Axis Bank from Paytm Payments Bank. The move will allow continuity of Paytm…
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Paytm Payments Bank: RBI extends deadline till Mar 15 to stop transactions
Mumbai: The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd (PPBL) to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and…
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Lina Khan-led US FTC aims to modify rule to curb deepfakes
Washington: Alarmed by a surge in impersonation fraud or deepfakes around the globe, the US Federal Trade Commission (FTC) has sought to modify a rule that would prohibit the impersonation of individuals.…
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Google brings more Gemini models to customers with new updates
San Francisco: Google on Friday said that it is bringing more Gemini models to customers with new updates and expanded availability on its Vertex artificial intelligence (AI) platform. Gemini 1.0 Pro, a…
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Restaurant tech supplier Toast to cut 550 jobs in restructuring exercise
San Francisco: US-based restaurant management software company Toast has announced to lay off around 550 employees or about 10 per cent of its workforce in a restructuring exercise. The company announced the…
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MeitY’s CoE Noida announces ‘designed in India’ bluetooth speaker
New Delhi: The Centre of Excellence (CoE) for electronic system design and manufacturing, under the IT Ministry, on Friday announced the launch of a first-of-its-kind prototype bluetooth speaker enabled with HD Radio…
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This is how OpenAI’s new AI model ‘Sora’ will create videos from text
New Delhi: ChatGPT maker OpenAI has unveiled Sora, a new text-to-video model that can generate videos up to a minute long while maintaining visual quality and adherence to the user’s prompt. Sora…
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realme’s 12 Pro Series breaks records with 150K units sold during the 1st sale
New Delhi: Global technology brand realme on Friday said that its recently-launched realme 12 Pro Series received an overwhelming response, with 150,000 units being sold during the inaugural sale which started on…
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Govt hikes windfall tax on crude petroleum, diesel
New Delhi: The government on Thursday hiked windfall tax on domestically produced crude oil to Rs 3,300 per tonne from Rs 3,200 per tonne with effect from Friday. The tax is levied…
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RBI asks a card network to halt unauthorised commercial payment arrangement
Mumbai: The Reserve Bank on Thursday restrained a card network which enabled businesses to make card payments through certain intermediaries to entities that do not accept card payments, as the activity was…