Technology
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Tesla now a key player in S Korea amid strong demand for German cars
Seoul: Elon Musk-run electric carmaker Tesla has emerged as a major player in South Korea’s imported passenger vehicle market this year, with BMW, Mercedes-Benz and Audi set to close the year as…
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Notorious ransomware groups now targeting companies with remote encryption
New Delhi: Some of the most active ransomware groups are deliberately switching on remote encryption for their cyber attacks, infiltrating deeper into companies and crippling their operations, a report showed on Tuesday.…
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SCOPE launches $45 mn VC fund for fintech, gaming startups
New Delhi: SCOPE, the invite-only startup networking platform, on Tuesday launched a venture capital fund worth $45 million, focused on fintech and gaming sectors. SCOPE’s VC arm will operate as an independent…
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itel forays into open-earbuds category, launches Roar 75 with Titanium Body for Gen-Z at Rs 1,099
New Delhi: itel Mobile India has announced its entry into the open-earbuds category by launching ‘ROAR 75’ with Titanium Body at Rs 1,099. The unveiling of itel ROAR 75 Open-Ear Buds marks…
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Over 4.25 lakh tech employees lose jobs in last 2 yrs, 24 workers per hour
New Delhi: As generative AI threatens millions of jobs, tech companies globally are now sacking employees even in the holiday season (they had spared workers in 2021 and 2022 festive seasons amid…
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Patent dispute: Apple Watch Series 9, Ultra 2 unavailable at its retail stores in US
San Francisco: Apple has halted sale of its Watch Series 9 and Ultra 2 sales at its retail stores in the US and when Apple Stores reopen after Christmas, these two Watches…
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Bitcoin miners see transaction revenue grow a massive 400% in 2023
New Delhi: The revenue collected by Bitcoin miners as transaction fees averaged about $2 million per day in 2023, registering a whopping 400 per cent increase year-on-year. The Bitcoin miners earned more…
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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,…