Technology
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Cybersecurity firm Proofpoint slashes 280 jobs globally
San Francisco: US-based cybersecurity company Proofpoint is laying off 280 employees, or around six per cent of its total workforce of 4,500. The job cuts will include around 20 employees in its…
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eBay agrees to pay $59 mn to settle lawsuit related to sales of pill-making tools
San Francisco: E-commerce platform eBay has agreed to pay $59 million to settle a lawsuit alleging that it assisted in the sale of pill press machines that can be used to manufacture…
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YouTube, Facebook most used social media platform among US adults: Report
New York: Social media platforms YouTube and Facebook are the most used online platforms among US adults, according to a report on Thursday. The findings, by Pew Research Center, showed that about…
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Hackers likely used ChatGPT to create fake data breach
London: Hackers have likely used ChatGPT to promote a fake data breach where they claimed a cache of stolen data from the rental car giant Europcar. The hackers claimed to have stolen…
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Apple releases vision OS 1.0.2 update fixing zero-day bug in its Vision Pro
San Francisco: Apple has released visionOS 1.0.2, the software that runs on the Vision Pro, which includes a fix for a vulnerability in WebKit, the browser engine that powers Safari and other…
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‘Made in India’ Samsung Galaxy S24 series goes on sale
New Delhi: Samsung on Wednesday announced that its recently launched flagship smartphone series — Galaxy S24, is now available to buy in India. The ’Made in India’ Galaxy S24 series comes with…
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IPO-bound Swiggy’s losses widen to Rs 4,179 cr in FY23, revenue up 45%
New Delhi: Online food delivery platform Swiggy’s net losses expanded to reach Rs 4,179 crore in the financial year ended March 31, 2023. The IPO-bound Swiggy’s operating revenue jumped around 45 per…
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Kore.ai raises $150 mn to drive AI-powered experiences for customers
New Delhi: Enterprise conversational and generative AI technology provider Kore.ai on Tuesday announced $150 million in funding led by FTV Capital, a sector-focused growth equity investor. The round also saw participation from…
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Google posts $307 bn revenue in 2023, spent billions of dollars to lay people off
San Francisco: Google, which spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees last year, will spend another $700 million on employee severance charges for…
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PayPal laying off about 2,500 employees to ‘right-size’ the company
New Delhi: Online payment gateway PayPal has kicked off layoffs that will affect at least 9 per cent of its workforce — about 2,500 employees. According to verified PayPal professionals on anonymous…
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Centre slashes import duty on mobile phone parts to 10%
New Delhi: In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from…
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Microsoft posts 33% increase in net income, gaming bet pays off
San Francisco: Microsoft posted $62 billion in revenue and a net income of $21.9 billion during the quarter that ended December 31. Revenue was up 18 per cent and net income increased…
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Elon Musk’s $56 bn pay package is unfair, deeply flawed: US judge
San Francisco: A US judge has ruled that Elon Musk’s $56 billion pay package is unfair and the Tesla board will need to come up with a new pay proposal. The decision,…
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Hyderabad: Marut Drones deliver mineral exploration drone to NMDC
Hyderabad: Marut Drones, leading drone manufacturer in India, delivered drones to National Mineral Development Corporation (NMDC) on Tuesday, January 30, to help launch “Drone-Based Mineral Exploration” in India. Marking a significant historical…
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Fidelity further marks down Meesho valuation to $3.5 bn
New Delhi: Global investment firm Fidelity has further marked down the value of its holding in social commerce platform Meesho, to $3.5 billion. Fidelity had recently cut the valuation of Meesho to…
