Technology
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US clean tech unicorn Palmetto lays off employees in multiple job cuts
San Francisco: US-based clean-tech unicorn Palmetto has reportedly done multiple rounds of layoffs amid the market slowdown. Some of the jobs eliminated include operations strategy managers, coordinators and warehouse managers, according to…
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InCred raises $60 mn, becomes India’s 2nd unicorn of 2023
New Delhi: Ending the drought, fintech lender InCred has become India’s second unicorn this year after raising $60 million from new and existing investors, the media reported on Monday. According to an…
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Paytm lays off employees as it implements AI-powered automation
New Delhi: Fintech leader Paytm has laid off several hundred employees from its operations, sales and engineering team, according to reports. A company spokesperson did not divulge the number of people affected,…
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Scammers use Google, X ads to steal $59 mn in crypto from 63K victims: Report
San Francisco: Scammers have used a wallet draining service called “MS Drainer” to steal nearly $58.98 million in crypto from about 63,210 victims over the past nine months, as per a new…
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Microsoft’s Windows 10 support end could turn 240 mn PCs into e-waste
New Delhi: Microsoft’s decision to end support for Windows 10 could turn 240 million personal computers into e-waste, leaving those to end up in landfill, a new report has claimed. Microsoft’s Windows…
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Apple seeks $50 mn deals with news publishers to train its GenAI models: Report
San Francisco: Apple is in touch with some top news publishers to use their articles to help train its generative AI systems, the media reported. The tech giant is apparently discussing “multiyear…
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AI companies may need to disclose copyrighted training data
San Francisco: The AI Foundation Model Transparency Act, filed by two lawmakers in the US, aims to make it clear if artificial intelligence (AI) models used copyright data for training. The Bill,…
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India may see 1 cr EV sales per year by 2030, says govt
New Delhi: The country may see 1 crore electric vehicle (EV) sales annually by 2030, generating nearly 5 crore jobs, Minister of Road Transport and Highways, Nitin Gadkari, has said. As per…
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ShareChat may raise up to $65 mn at $2.7 bn valuation: Report
New Delhi: Social media platform ShareChat is reportedly set to raise up to $65 million from existing investors. According to MoneyControl, the company is set to raise the money via convertible notes…
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Google adds ‘AI support assistant’ chatbot to some of its Help pages
San Francisco: Google is rolling out a new “AI support assistant” chatbot on some of its Help pages to provide users with product assistance. When visiting the support pages for some Google…
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Parliament passes Telecom Bill, paving way for Starlink & others
New Delhi: The Rajya Sabha passed the Telecommunications Bill 2023 through a voice vote on Thursday, December 21, just a day after it was passed in the Lok Sabha. According to TechCrunch,…
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Apple Watch ban may cost firm $300 to $400 mn in sales: Report
San Francisco: Apple’s decision to stop selling two of the latest models of Apple Watches — Series 9 and Ultra 2 — in the US this week could cost the company hundreds…
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Saving Big: Paytm’s smart move with AI to spur profit surge
New Delhi: Fintech giant Paytm is leveraging artificial intelligence (AI) to revolutionise payments and financial services like wealth management, Paytm Founder and CEO Vijay Shekhar Sharma said in an interview with Bloomberg.…
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Apple loses bid to halt Watch sales ban in US
San Francisco: The US International Trade Commission (ITC) has denied Apple’s bid to delay an import and sales ban on the Watch Series 9 and Watch Ultra 2 amid a patent dispute.…
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realme C67 5G sets new benchmark with highest offline sales in C Series
New Delhi: realme’s unwavering commitment to making 5G technology accessible to all, particularly the tech-enthusiast younger generation, has propelled the consistent growth of its 5G product range. As a frontrunner in popularising…
