While terms of the agreement remain confidential between the companies, it covers Nokia's inventions in 5G and other technologies.from Tech-Economic Times https://ift.tt/rHefJQs
Nokia renews patent license agreement with Apple
While terms of the agreement remain confidential between the companies, it covers Nokia's inventions in 5G and other technologies.from Tech-Economic Times https://ift.tt/rHefJQs
Govt asks ecommerce companies to refrain from using dark patterns
The ministry is also in the process of framing guidelines for discouraging the usage of dark patterns, said Rohit Kumar Singh, secretary, department of consumer affairs which comes under the ministry of consumer affairs.from Tech-Economic Times https://ift.tt/eCFZxMB
Dream11 bags team India jersey sponsor rights at base price of Rs 358 crore
Dream11 was the only serious contender in the race as Disney Star was the only other company that picked the tender document, a source told ET.from Tech-Economic Times https://ift.tt/65OnBkf
Byju's lenders renew talks to restructure edtech company's debt load
The lenders have delivered a detailed amendment proposal to the company that calls for a debt pay down, coupon boost and better investor protections on the loan. The company told some lenders it will review the proposal and deliver its reply by early next week, the people said.from Tech-Economic Times https://ift.tt/iNC78At
Parliamentary panel summons bank officials tech giants over cyber security and threat on July 4
The subject for the meeting is 'Cyber security and rising incidence of cyber/white collar crimes.'from Tech-Economic Times https://ift.tt/OVzwgJ2
AMD's AI chips could match Nvidia's offerings says software firm MosaicML
Nvidia dominates the market for the powerful chips that are used to create ChatGPT and other AI services that have swept through the technology industry in recent months. The popularity of those services has pushed Nvidia's value past $1 trillion and led to a shortage of its chips that the Nvidia says it is working to resolve.from Tech-Economic Times https://ift.tt/Q6ZdWrn
Heart goes out to team members who are facing downsizing: Byju Raveendran writes to staff
Byju's has undertaken multiple rounds of layoffs amid uncertainty around the company's cash position and overall slowdown in its business post the Covid-19 bump up.from Tech-Economic Times https://ift.tt/bdu3Pih
AI company Runway valued at $1.5 billion in latest funding
Runway's software allows users to transform or tweak existing videos or create new videos by using text prompts or images. The company also launched a mobile app earlier this year, giving its users access to its generative AI tools.from Tech-Economic Times https://ift.tt/V2DeHwy
Infosys growing on a solid foundation says Nilekani; Byjus awaits entire amount from Davidson Kempner
Indian tech services bellweather Infosys is not only growing on a “solid foundation” on the back of large deal wins, but is equally poised to harness opportunities despite global macroeconomic challenges, non-executive chairman Nandan Nilekani said at the firm’s 42nd Annual General Meeting.from Tech-Economic Times https://ift.tt/bk0FH3v
Google open-sources Indian speech data location information
Google unveiled a slate of AI tools and technologies for India to support innovation among local developers during its's first-ever Google I/O connect for developers in India in Bengaluru on Wednesday.from Tech-Economic Times https://ift.tt/oaqb5Kd
Activision Blizzard's CEO Bobby Kotick defends Microsoft's takeover of the video game-maker
Bobby Kotick told a federal judge in San Francisco Wednesday that there's no incentive to deprive Microsoft gaming rivals like Sony of the popular Activision game Call of Duty, because such a move would alienate the franchise's devoted fanbase.from Tech-Economic Times https://ift.tt/9xgbykQ
List of startups that have faced valuation cuts recently
The valuations of many major Indian startups have been slashed by VCs and investors. Here’s a look at major startups that saw valuation markdowns recently.from Tech-Economic Times https://ift.tt/znbiC7G
Large deals provide solid foundation to grow for Infosys: Nandan Nilekani
In his virtual address to the shareholders, Nilekani said the Bengaluru-based firm’s capability to harness opportunities despite the dynamic times of inflation, interest rates, geopolitics, war, demand volatility, supply chain dislocations is “tremendous”.from Tech-Economic Times https://ift.tt/zBDESXW
TCS job scandal: Company writes to board members clarifying details about allegations
TCS was alerted about senior executives breaching corporate code of conduct to give preferential treatment to some recruiters at the company’s RMG (Resource Management Group) division.from Tech-Economic Times https://ift.tt/6S3MFQh
Bankrupt Three Arrows' liquidators seek $1.3 billion from fund's founders
Three Arrows was the first major crypto firm to go bankrupt in 2022, brought down by the collapse of cryptocurrencies Luna and TerraUSD in May. It filed for bankruptcy in the British Virgin Islands in late June.from Tech-Economic Times https://ift.tt/DN6ZWfS
Fidelity preparing to submit spot bitcoin ETF filing: report
The filings have been viewed as a vote of confidence for the crypto space, reigniting some retail interest in the industry which had felt renewed pressure after Binance and Coinbase Global, two of the biggest crypto exchanges, came under fire from the U.S. Securities and Exchange Commission.from Tech-Economic Times https://ift.tt/3sxhOL6
Still hiring: Big Tech layoffs give other sectors in the US an opening
Federal, state and local government tech job postings in the US soared 48% in the first three months of 2023 compared to the same period last year, according to an analysis by tech trade group CompTIA of data from Lightcast, a labor analytics firm.from Tech-Economic Times https://ift.tt/fYNLgJ7
Amazon plans Prime Day for India later next month amid slowing ecommerce sales
Etailer briefs merchants on keeping inventory, deals in the pipeline.from Tech-Economic Times https://ift.tt/h3KyuCx
US Supreme Court spurns Apple-Broadcom challenge to Caltech patents
The justices turned away an appeal by Apple and Broadcom of a lower court's ruling affirming a trial judge's decision to prevent the companies from contesting the validity of the patents as they defended against the California Institute of Technology's lawsuit.from Tech-Economic Times https://ift.tt/8GO1UIS
Tech Mahindra CEO CP Gurnani earns 50% less in FY23: annual report
Gurnani, who is set to retire in December, earned Rs 25.6 crore from employee stock option plans (ESOP) during the last fiscal year compared with Rs 58.8 crore in FY22.from Tech-Economic Times https://ift.tt/cX5jS7z
Infosys enters into $454-million deal with Danske Bank
The deal is valued at $454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times, Infosys said in a statement.from Tech-Economic Times https://ift.tt/QM1C28u
IT industry needs guardrails to weed out graft: Staffing experts
This comes after the country’s largest IT services firm Tata Consultancy Services found senior executives breaching corporate code of conduct to give preferential treatment to some recruiters.from Tech-Economic Times https://ift.tt/lbPVmpC
AIs use in elections sets off a scramble for guardrails
Increasingly, political consultants, election researchers and lawmakers say setting up new guardrails, such as legislation reining in synthetically generated ads, should be an urgent priority.from Tech-Economic Times https://ift.tt/DyvPlKX
Dunzo's logistics arm plans to expand business to 10-15 new cities in next 18 months: Cofounder Dalvir Suri
Dunzo cofounder and Dunzo4Business (D4B) head Dalvir Suri said the logistics aggregator firm is working, along with the government-supported Open Network for Digital Commerce (ONDC), to cater to intracity last mile delivery of productsfrom Tech-Economic Times https://ift.tt/PET4Wpi
Japan's military considers adopting Elon Musk's Starlink satellite service
The ministry of defense already has access to communication satellites in geostationary orbit, but use of Starlink technology, operated by Musk's SpaceX, would add a constellation of satellites in low Earth orbit.from Tech-Economic Times https://ift.tt/h4aLZ1m
IBM nears $5 billion deal for software provider Apptio: Report
The Wall Street Journal reported that a deal between the companies could be completed over the weekend, adding that it was unclear whether the purchase price includes debt.from Tech-Economic Times https://ift.tt/wfvJPzt
How exactly does Generative AI impact IT jobs?
According to market intelligence firm Unearth Insight’s study, India’s $245-billion IT services industry employs around 300,000 people in sales and support functions. Out of this, around 50,000 to 60,000 employees’ work will get impacted over the next three to five years.from Tech-Economic Times https://ift.tt/iZG1Poy
Elon Musk will train if Las Vegas martial arts cage match takes hold
Twitter owner Musk tweeted on Tuesday he was up for a cage match in Las Vegas with Zuckerberg, CEO of Facebook parent Meta , who has trained in jiu-jitsu.from Tech-Economic Times https://ift.tt/wfcYnGD
Amazon to invest $15 billion more in India says CEO Andy Jassy after meeting PM Modi
Ecommerce major Amazon on Saturday said it plans to invest $15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date.from Tech-Economic Times https://ift.tt/SKreQz9
YouTube is testing an online-games offering
The company invited its employees to begin testing the new YouTube product called 'Playables', the report said, adding that games available for testing included titles such as arcade game Stack Bounce.from Tech-Economic Times https://ift.tt/lZgej52
Pichai meets Modi announces Google will invest $10 billion in India's digitisation fund
Notably, Gujarat International Finance Tec-City is a central business district under construction in Gandhinagar district in Gujarat, India. "PM's vision for Digital India was way ahead of his time I now see it as a blueprint that other countries are looking to do," Pichai said after meeting Prime Minister Modi.from Tech-Economic Times https://ift.tt/c17GjhR
Government in talks with multiple semiconductor companies for major investments over the next one year: Ashwini Vaishnaw
On Friday, US memory-chip maker Micron Technology announced it would set up an outsourced semiconductor assembly and testing plant at Sanand in Gujarat entailing an investment of $2.75 billion. Of this, Micron will invest $825 million, while the rest will be a combination of incentives from the central and state governments.from Tech-Economic Times https://ift.tt/YaqM6KN
Infosys refutes charges of having been awarded tainted govt contracts in Australian parliamentary hearing
Not aware of anything that departs from company’s integrity, transparency: Infy's EVP Grothfrom Tech-Economic Times https://ift.tt/EBfnhDG
PM Modi meets tech CEOs as Washington visit concludes
Biden and Modi gathered with CEO's including Apple's Tim Cook, Google's Sundar Pichai and Microsoft's Satya Nadella. Also present were Sam Altman of OpenAI, NASA astronaut Sunita Williams, and Indian tech leaders including Anand Mahindra, chairman of Mahindra Group, and Mukesh Ambani, chairman of Reliance Industries, the White House said.from Tech-Economic Times https://ift.tt/I69raDy
TikTok COO Vanessa Pappas steps down after five years
In an email to staff, Pappas said they would be taking on an advisory role for the company during the transition.from Tech-Economic Times https://ift.tt/LNABbT8
Intel India head Nivruti Rai resigns
“Intel India country head and VP of Intel Foundry Services, Nivruti Rai, is departing Intel after 29 years with the company. We are grateful to Nivruti for the tremendous progress Intel India has made under her leadership,” Intel said in a statement.from Tech-Economic Times https://ift.tt/qW02HFr
Indias a priority market for Google excited by tech innovation here: Senior VP Prabhakar Raghavan
The way ahead to develop artificial intelligence (AI) systems is to "engage with scientists and technologists who understand" the technology behind it, the top Google executive said.from Tech-Economic Times https://ift.tt/Mvdsya9
LTIMindtree to spend $40-50 million on AI capabilities in FY24
These investments will only be restricted to building capabilities and do not include the capital allocated for picking up investments in AI-focused startups,from Tech-Economic Times https://ift.tt/EZgD7Y1
IT professional loses Rs 1.97 lakh in cyber fraud with offenders posing as narcotics department officials
Based on the complaint, a first information report (FIR) under section 419, 420 of IPC and section 66 (C), 66 (D) was registered against the fraudsters.from Tech-Economic Times https://ift.tt/qDbV0aF
Germany to offer aid only to strategic sectors after Intel subsidy
Intel's decision to develop two chip-making plants in Magdeburg was hailed by Chancellor Olaf Scholz as the biggest-ever foreign investment in Germany but some economists said the subsidies would be better spent on education.from Tech-Economic Times https://ift.tt/ZFHiVlX
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/ZD8SXIQ
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/alI8hmL
Teleperformance Microsoft sign $185 million deal to launch generative AI tool
The company claims generative AI - algorithms such as ChatGPT that can be used to create new content including audio, text and simulations - will boost efficiency, accuracy and customer experience.from Tech-Economic Times https://ift.tt/xgRKyVt
Elon Musk to brief PM Narendra Modi on Tesla's India investment plans
Tesla executives visited India and held talks with Indian bureaucrats and ministers last month on establishing a manufacturing base for cars, and also to make batteries in India.from Tech-Economic Times https://ift.tt/7A0gplW
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/GoNHYpk
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/RTC5uwg
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/0g9eMsx
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/fjcL8o1
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/iEQZOd6
Australian miner Fortescue expands battery electric powertrain output in UK
The Banbury facility will open in 2024 and operate alongside Fortescue's other Oxfordshire facilities including the Kidlington factory which will open later this year.from Tech-Economic Times https://ift.tt/P80zRDV
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