Freelancers, startups drive demand for co-working spaces in Bengaluru

Flexible offices or co-working spaces are coming in handy for startups as they save a huge investment of renting, leasing or purchasing the office space. They provide office space as per the requirement, budget and time.

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Apple identifies issues causing overheating in the iPhone 15

After complaints that the new phones are getting very warm, Apple has said that the device may feel warmer in the first few days "after setting up or restoring the device because of increased background activity."

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GST on online gaming triggers CV deluge

The increasing number of job seekers reflects their concerns about the GST’s potential effects on their future, say experts.

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Walmart changes pay and titles for corporate staff

Walmart corporate staff are getting new titles and pay packages in the coming weeks to manage labor costs and simplify the structure of the company's workforce, the Wall Street Journal reported on Saturday.

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A silver lining from the pandemic: A surge in startups

New research suggests that the COVID-19 pandemic may have sparked a surge in entrepreneurship in the United States. Economists from the University of Maryland and the Federal Reserve found evidence of a sustained increase in new business activity, ranging from restaurants to high-tech startups, during and after the pandemic.

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US SEC charges FTX's former auditor over independence violations

The U.S. Securities and Exchange Commission (SEC) has charged accounting firm Prager Metis with multiple violations of auditor independence. The SEC stated that between December 2017 and October 2020, Prager Metis added indemnification provisions to engagement letters for over 200 audits and other work, hindering the firm's required independence.

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Google opens generative AI search experience to teens

Google is expanding its generative AI search experience, known as Search Generative Experience (SGE), to teenagers in the US aged 13 to 17. The company aims to strike a balance between providing opportunities for teenagers to benefit from the technology while prioritizing safety and meeting their developmental needs.

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Elon Musk's X Corp in another legal fight over unpaid rent, this time as plaintiff

X Corp, formerly known as Twitter and owned by Elon Musk, has filed a lawsuit against financial services company Atlas Exploration, seeking to recoup over $713,500 in allegedly unpaid rent and fees for office space in San Francisco. The lawsuit alleges breach of contract and claims that Atlas terminated the sublease agreement early without paying the owed rent and early termination fee.

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The harsh ‘reality’ facing real money gaming firms, and other top tech, startup stories this week

The gaming industry in India is facing tax woes as the GST department issued pre-show cause notices to several cash flow-rich firms in the sector. One of the notices, amounting to an estimated Rs 25,000 crore, was served to fantasy sports company Dream11, making it the largest indirect tax notice in India. This move has sparked legal disputes and challenges from the gaming companies, who argue that the tax demands are retrospective and unfair. The Supreme Court will conduct further hearings on the matter on October 10.

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FinMin notifies Oct 1 date for implementing amended GST law provisions for e-gaming

According to the changes to the Central GST Act, these supplies will henceforth be treated as "actionable claims" similar to lottery, betting and gambling and subject to 28 per cent Goods and Services Tax (GST) on full face value of bets.

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Festive fever may light up ecommerce sales by 16%

Sales in terms of gross merchandise value are likely to be between $9.7 billion and $11 billion this festive season, rising roughly 15-16% from a year earlier, according to data. Companies are betting on premiumisation and non-urban markets.

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IBM tries to ease customers' qualms about using Generative AI

IBM on Thursday announced its campaign to ease customers' qualms. The company said it would indemnify companies against copyright or other intellectual property claims for using its generative AI systems.

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AI startup AlphaSense valued at $2.5 billion after latest funding round

Market intelligence platform AlphaSense has raised $150 million in a fresh round of funding that boosted its valuation to $2.5 billion, underscoring strong demand for artificial intelligence (AI) startups.

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Tax officers visit factory, Bengaluru office of China's Lenovo

The officials inspected laptops of Lenovo employees during the visit, one of the sources said. They also tried to contact Lenovo's senior management during and after the visit as part of the inquiry, the person added.

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Gaming startup QuriousBit raises $2 million in funding from Lumikai, General Catalyst

The funds will be used to expand the team size, currently at seven, in product and system development and in marketing its games. QuriousBit did not disclose the valuation at which the firm raised the funds.

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ETSA 2023 Woman Ahead Winner | HUFT’s Rishi Narang up for global market entry next year

Narang, winner of the Woman Ahead category at The Economic Times Startup Awards 2023, impressed this year’s jury with the strong customer loyalty that she has built for her brand. The jurors acknowledged the difficulty of building a brand in a category like pet care in India and spoke about how HUFT’s offline strategy was a strong differentiator for the pet supplies business.

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New India CEO to cut Byju’s down to size; eGaming cos mull legal steps after GST shock

Byju’s new India CEO is setting about cleaning house with no stone unturned. Within a week of taking over, Arjun Mohan is planning to merge verticals and prune staff strength by a third – that’s over a whopping 4,500 jobs - to rein in costs. This and more in today’s ETtech Morning Dispatch.

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India will become top market in Asia in 3-5 years: Netapp CEO

Netapp expects the Indian market to accelerate and become the data storage firm’s largest market in Asia in the next three to five years from the top three position currently.

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US FCC chair proposes to restore net neutrality rules

U.S. Federal Communications Commission chair Jessica Rosenworcel on Tuesday said she would move quickly to reinstate landmark net neutrality rules rescinded under former President Donald Trump.

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Wealthy have a social responsibility amid rising inequality: Rohini Nilekani

If wealth remains concentrated in the hands of a few, the government may have reason to look to other means such as higher taxation to distribute wealth more fairly, Nilekani said.

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Google, Walmart ask Bengaluru staff to work from home amid state water dispute

Internal memos seen by Reuters showed multinational firms such as Google, Walmart, IBM and Accenture have advised employees to work from home and avoid any non-essential commuting during Tuesday's strike.

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ETSA 2023 stars to be feted on Oct 7; Dream11, others stare at Rs 55,000 crore tax demand

The eight winners of The Economic Times Startup Awards 2023 will be felicitated on October 7 in a grand ceremony in Bengaluru. Seema Prem of Fia Global, which won top honours for Social Enterprise, spoke to us about her startup’s journey, and its next aim. This and more in today’s ETtech Morning Dispatch.

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Yelp wants Google's lawyers tossed from US antitrust case

Yelp and News/Media Alliance, which are not defendants in the litigation but are targets of Google's subpoenas, argue that law firm Paul, Weiss, Rifkind, Wharton & Garrison should be disqualified.

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Elon Musk showcases Tesla humanoid robot performing Yoga, Namaste

Elon Musk showcased the Tesla humanoid robot named 'Optimus' in a video where it performed yoga postures and greeted followers with a 'Namaste'. Optimus has the ability to self-calibrate its arms and legs and can locate its limbs in space using vision and joint position encoders.

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The threat of wildfires is rising. So is new artificial intelligence solutions to fight them

Firefighters and startups are using AI-enabled cameras to scan the horizon for signs of smoke. A German company is building a constellation of satellites to detect fires from space. And Microsoft is using AI models to predict where the next blaze could be sparked.

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Meta gears up to launch dozens of AI chatbots for younger users

According to a report from the Wall Street Journal, the company has tested a "sassy robot" persona inspired by Bender from Futurama and an overly curious "Alvin the Alien" that one employee worried could imply the bot was made to gather personal information.

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Groww may pip Zerodha in active user count; ETSA 2023 winner Gameberry Labs on its bootstrap journey

Talk about a growth story! Online stock broking platform Groww is all set to pip market leader Zerodha in terms of active investors next month. While Zerodha took almost a decade to achieve leadership status, Groww did it in just three years, having started in 2020. This and more in today’s ETtech Morning Dispatch.

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Panel in place to modernise Mohali Semiconductor Lab: official

Chips from SCL, which is the only unit in the country to manufacture chips, have gone into previous space missions, however, the nodes are very old and need to be updated with the latest in modern technology.

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Hi, Robot: machines take over at China's Asian Games

Hangzhou is the unofficial home of China's tech industry and robots and other mind-boggling gadgets are set to serve, amuse and police visitors.

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Booking.com urges national watchdogs not to back EU antitrust veto on ETraveli deal

The European Commission will announce its decision next week, underlining its concerns that the deal could expand Booking's ecosystem of travel services which include flights, accommodation, car rentals and attractions.

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Netflix prepares to send its final red envelope

Netflix DVD distribution plant, once a bustling ecosystem that processed 1.2 million DVDs a week, employed 50 people and generated millions of dollars in revenue, now has just six employees left to sift through the metallic discs.

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How upstarts are challenging the dominance of ride-hailing giants Ola and Uber

The new players, including Rapido, Blu Smart, Drife, and Shoffr, are gaining traction by offering attractive packages for drivers, lower prices, more convenient booking options, and advanced features such as AI and blockchain-based business models. The traditional players like Ola and Uber have also bounced back from the pandemic decline and are adopting customer-friendly features to compete with the new entrants.

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As Micron unit kicks off, govt says two more proposals likely

Tata Projects will lead construction in the plant’s first phase, which entails building 500,000 square feet of planned cleanroom space, said Micron vice-president Gursharan Singh.

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US Supreme Court extends pause on order curbing Biden social media contacts

The decision to keep the matter on hold until Wednesday gives the court more time to consider the administration's request to block an injunction issued by a lower court that had concluded that federal officials likely had violated the free speech protections of the U.S. Constitution's First Amendment by coercing social media platforms into censoring certain posts.

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Oracle spends more than $100 million on Ampere chips

Ampere builds custom server chips based on Arm technology that compete with designs produced by Intel and AMD, which use X86. Oracle has invested hundreds of millions of dollars in Ampere since it was founded, according to filings.

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The Pai-and-Kamath way to startup investing; and other top tech stories this week

Bluestone is only the latest in the list of investments by Pai and Kamath, but this marks the growing pace at which they are signing new cheques at a time mid-to-large scale startups are finding it hard to score new funding.

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Arm and Instacart add to losses after lukewarm analyst reports

Shares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that recently held highly anticipated initial public offerings.

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FTC to file antitrust case against Amazon as soon as next week: report

The FTC has been preparing the complaint since at least the start of this year, targeting an array of Amazon's business practices, according to the report, which said the exact details of the lawsuit were not known.

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As China's AI 'war of a hundred models' gains pace, investors warn of a shakeout

Tensions between Beijing and Washington have also weighed on the sector, as US dollar funds invest less in early-stage projects and difficulties obtaining AI chips made by the likes of Nvidia start to bite.

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US venture firm GGV Capital to separate China business amid geopolitical tension

GGV Capital, a U.S. venture capital firm, plans to split its business into two entities, one focusing on Asia and the other on the U.S., amid increasing political pressure on American companies to limit investments in Chinese technology. The move follows a similar decision by Sequoia Capital in June. GGV Capital's Singapore arm, which will solely invest in China, is expected to complete the separation by the first quarter of 2022.

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Govt’s big leg-up for Startup Inc; Antler India closes Rs 500 crore maiden fund

The government is revving up in a big way to achieve India’s startup ambitions. A detailed plan is in the works to energise the ecosystem and remove all impediments to investment in the sector, we’re told. This and more in today’s ETtech Morning Dispatch.

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MeitY reviewing Tarq’s revised semicon proposal

Hiranandani-group firm likely to invest Rs 2,500 crore initially for its ATMP facility

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YouTube 'Dream Screen' tool to soon let AI create videos for Shorts

The feature, called 'Dream Screen' and expected to roll out early next year, will allow users to create an AI-generated video or image background just by typing in what they want to see.

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ET Soonicorns Summit 2023: Delhi-NCR chapter to chart the roadmap for enabling India's next tech disruption and building startup resilience

The ET Soonicorns Summit 2023, with its 'Resilience. Reset. Results' theme, brings together tech leaders, investors, and innovators to discuss India's tech evolution. Diverse formats, expert insights, and report launches will spotlight emerging startups at the Delhi-NCR edition of the ET Soonicorns Summit 2023 to be held on November 3, 2023.

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Sebi’s finfluencer crackdown may be off target; String Bio CEO on why businesses must pivot

Cracking down on so-called finfluencers is easier said than done. The Securities and Exchange Board of India (Sebi) may well find that not all of them are likely to pay heed to its recent directions on operating within the regulatory grid. This and more in today’s ETtech Morning Dispatch.

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E-visa startup Atlys raises $12 million from Elevation Capital, Peak XV, others

The funds raised will be used to expand the platform’s product offerings for travellers, attract customers and further strengthen the team through talent acquisition, the statement added. The San Francisco, California-headquartered startup had previously raised a $5 million seed round in 2021.

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OpenAI's ChatGPT can now generate images, too

On Wednesday, OpenAI, the San Francisco artificial intelligence startup, released a new version of its DALL-E image generator to a small group of testers and folded the technology into ChatGPT, its popular online chatbot.

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Flipkart lining up $20 million for in-house credit marketplace

The investment will be done gradually as the team is working on several products, and the platform is expected to be ready by end-2023 or early next year.

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Elon Musk's Neuralink to start human trials for brain implant

Billionaire entrepreneur Elon Musk's brain-chip startup Neuralink said on Tuesday that it has received approval from an independent review board to start the first human trial of its brain implant for paralysis patients.

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Mark Zuckerberg's philanthropy project plans AI system for life sciences research

The Chan Zuckerberg Initiative, created by Zuckerberg and his wife Priscilla Chan, will use the computing system to run openly available AI models, the philanthropy venture said on Tuesday.

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Verizon India GCCs employee strength grew 15%: Verizon Consumer Group CEO Sowmyanarayan Sampath

Verizon Consumer Group in 2022 contributed $105 billion in revenue to the company’s overall revenue of $136 billion. As per Investopedia, Verizon is the second largest provider of cellular service in the US that provides communications, information, and entertainment products and services worldwide to consumers, businesses, and government organizations through its consumer and business segments.

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US argues Google wants too much information kept secret in antitrust trial

The government is seeking to show that Alphabet's Google broke antitrust law to maintain its dominance in online search. The search dominance led to fast-increasing advertising revenues that made Google a $1 trillion company.

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Microsoft's chief product executive Panos Panay to step down after 19 years

Another longtime executive, Yusuf Mehdi, will take lead on the Windows and Surface businesses and products. The note said Panay would be helping with the transition.

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Lyft to pay $10 million civil penalty over disclosure failures

Lyft has agreed to pay $10 million to settle Securities and Exchange Commission charges it failed to disclose a board member's financial interest in a transaction involving the company, the U.S. regulator said on Monday.

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Australia tells dating apps Tinder, Bumble and Hinge to improve safety standards or face regulation

The government is responding to Australian Institute of Criminology's research published last year that found three-in-four users of dating apps or websites had experienced some form of sexual violence through these platforms in the five years through 2021.

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EU may become as hooked on China batteries as it was on Russian energy: research paper

While the EU has a strong position in the intermediate and assembly phases of making electrolysers, with a more than 50% global market share, it relies heavily on China for fuel cells and lithium-ion batteries crucial for electric vehicles.

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South Korean broadband firm says it is ending all disputes with Netflix

South Korean Internet service provider SK Broadband said on Monday it is ending all disputes with Netflix Inc, after the firms engaged in lawsuits on whether Netflix must pay for costs from increased network traffic and maintenance work.

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Chinese AI firm Fourth Paradigm leads Hong Kong IPO surge to raise $280 million

Three Chinese firms, including AI software company Beijing Fourth Paradigm, are planning to raise a total of $280 million through initial public offerings (IPOs) in Hong Kong. Beijing Fourth Paradigm aims to raise $144 million by selling 18.4 million shares. New China Capital Management and other investors have subscribed for around $96.8 million worth of stock. Chinese cloud hospital platform Neusoft Xikang plans to raise $81 million to $101 million, while ZX Inc, a mobile games operator, aims to raise between $27 million and $34 million.

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Tata chief puts profits first for Neu; Zerodha cofounder Nikhil Kamath's latest bet

Black is beautiful and that’s the colour Tata Sons chairman N Chandrasekaran wants the salt-to-software conglomerate’s digital arm to focus on. ‘Chandra’ has ordered top leaders at Tata Neu to forget the existence of all else for the time being and focus solely and urgently on profitable growth, sources have told ET. This and more in today’s ETtech Morning Dispatch.

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Zerodha’s Nikhil Kamath set to join Ather’s cap table

It isn’t clear how much Kamath would invest in Ather but one of the persons said the transaction would be made through a secondary share sale.

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Google tests Microsoft Edge-like 'read aloud' feature on Chrome

With this, users can control the rate at which articles are read aloud by adjusting the playback speed.

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Tinder partners with Centre for Social Research for user safety

The additional safety guide, along with the existing 15 safety features on the app, is part of Tinder's efforts to ensure the safety of its users.

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Policy predictability for EV adoption needed to make investments: Ather CBO Ravneet Phokela

Pholeka said, "Unpredictability is not good for business because my business plans are based on a certain assumption of subsidy. If the assumption changes then the plans change and if I'm not certain about my plans, I can't make investments."

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Slack is ready to ride AI wave: CEO Lidiane Jones

just nine months after taking on one of the most high profile jobs in Silicon Valley. "It's amazing what has happened to the world," Jones said of this AI moment that has captured the imagination of Silicon Valley and the world.

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Advent explores sale of car insurance software vendor CCC

Private equity firm Advent International is considering selling CCC Intelligent Solutions Holdings Inc, a software provider to the car insurance industry, which has a market value of $7.1 billion. CCC is being advised by Morgan Stanley in its discussions with potential buyers, including other private equity firms. There is no certainty of a deal. Advent, which owns a 56% stake in CCC, declined to comment. CCC shares rose 8.6% to $12.50 in after-hours trading on the news. CCC, founded in 1980, supplies software to automotive claims and collision repair companies.

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Public markets pricking the valuation bubble & other top tech, startup stories of this week

After a slowdown in technology IPOs in 2022, several tech companies including Arm, Instacart, and Klaviyo have returned to raise funds from the public market. However, the valuations of these companies have fallen significantly compared to their peak valuations. Instacart, for example, is aiming for a $10 billion valuation, which is only a quarter of its peak valuation of $39 billion. The sentiment in the market has shifted, and investors are now looking for right-sized offerings rather than inflated valuations.

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Apple moves to defuse French iPhone 12 dispute as EU scrutiny steps up

France this week suspended sales of iPhone 12 handsets after tests which it said found breaches of radiation exposure limits.

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Amazon enhances search features on app to take on Google

Ecommerce giant Amazon has introduced new features on its app for search and discovery of products. Here’s a look at them.

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Blockchain analysts suspect North Korea-linked hackers behind $70-million crypto theft

Blockchain research firm Elliptic said that "a number of factors" indicate that the Lazarus Group - a hacker group associated with North Korea - was responsible for the attack.

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People come to India for its talent, not to cut costs: Capgemini global CEO Aiman Ezzat

Aiman Ezzat during his ongoing India visit, said that he is hopeful of the demand situation improving over the next two-to-four quarters but is waiting for an inflection point.

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Disney holds talks with Nexstar on ABC sale: report

Disney CEO Bob Iger said in July that the company could sell some of its traditional TV assets that have struggled for years due to the rise of streaming services.

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Israel's Benjamin Netanyahu to meet Elon Musk amid antisemitism storm

An official in Netanyahu's office on Thursday confirmed the meeting. Musk said on X that their talks would focus on artificial intelligence technology and not the Anti-Defamation League (ADL), with whom Musk is feuding over antisemitism on X.

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SoftBank's Arm valued at nearly $60 bln in stellar Nasdaq debut

Its stock opened at $56.1 per American Depositary Share compared with the initial public offering (IPO) price of $51, in a sign of confidence for other companies planning to list

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ET Startup Awards 2023: Gameberry wins Bootstrap Champ award

Three Bengaluru-based firms — Boldfit, a manufacturer of health and fitness equipment; Fyers, an online trading platform; and Gameberry Labs, an online game publisher — came through as the top contenders for the spot.

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Central Bank digital currencies to replace cash in the coming decade: report

The report, titled ‘Future of Money’, said CBDCs have the capacity to boost financial inclusion by offering a safe and affordable means of making transactions for people with no access to traditional banking services.

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A who's who of Silicon Valley is convening with lawmakers on AI

The closed-door meeting is the first in a series of crash-course lessons on AI for lawmakers.

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US justice department blasts Google's monopolistic tactics as antitrust trial begins

Google denied that it had illegally used agreements to exclude its search competitors and said it had simply provided a superior product, adding that people can easily switch which search engine they use.

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IBM executives foresee robust growth in Indian tech market

Speaking at the flagship IBM Think conference in Mumbai, on Tuesday, Paul Burton, general manager, IBM Asia Pacific, and Sandip Patel, managing director, IBM India and South Asia, said that skill gaps and talent scarcity are also driving larger investments in artificial intelligence (AI) and automation.

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Apple unveils iPhone 15 with 48-megapixel camera, new chargers expected

Apple said that USB-C charging cables are coming to both its iPhone 15 and the charging case of its AirPods Pro devices, allowing the use of the same charging cables already used for iPads and Macs.

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Apple expected to unveil next generation of iPhones as company tries to reverse a recent sales slump

Apple is expected to take the wraps off its next iPhone on Tuesday during what has become an annual late summer rite aimed at giving more people more reasons to buy the technology trendsetter's marquee product.

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Who's who in the Google monopoly trial

A trial to determine if Google abused its monopoly in online search, which begins Tuesday, is set to lay bare how the internet search giant cemented its power.

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Razorpay acquires BillMe to build on its omnichannel capabilities

Founded in 2018, Mumbai-based BillMe helps merchants send digital bills to customers. It also provides customer relationship management software to online and offline merchants to help decipher customer behaviour and boost engagement.

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Karnataka poised towards attracting global technology firms: state IT minister Priyank Kharge

Kharge also said the state’s skill advisory committee for emerging tech is looking at more ways to upskill people to close learning gaps and make them more employable.

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Jumping on Arm's blockbuster IPO could be a risky business for retail investors

While dabbling in individual stocks is a notoriously risky business for amateur investors, an analysis underscores just how perilous it can be to buy into blockbuster IPOs on Day One.

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SoftBank's Arm eyes pricing IPO at top of range or above

Arm, the chip designer owned by SoftBank Group Corp, is getting close to securing enough investor support to attain the fully diluted valuation of $54.5 billion it was seeking in its initial public offering (IPO) at the top of its indicated range, and is considering asking investors to value it higher, people familiar with the matter said on Sunday.

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G20 Summit: Engagement group for startups to continue under Brazil’s presidency

The engagement group had formed three task forces under it – foundation and alliances, finance, and inclusion and sustainability – and was chaired by Chintan Vaishnav, the mission director of Niti Aayog’s flagship entrepreneurship initiative Atal Innovation Mission.

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Cryptocurrency new subject for social order, monetary & financial stability: PM Narendra Modi

Modi also said that cyberspace is a new source of funding for terrorism and a global cooperation, framework is necessary for cyber security.

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RBI likely to start digital rupee pilot in call money market by October

The pilot of the wholesale CBDC, known as the Digital Rupee-Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities.

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Semiconductors, rare minerals on agenda as US president Joe Biden visits Vietnam

The US has been pushing for the upgrade for months as it sees the Southeast Asian manufacturing dynamo as a key country in its strategy to secure global supply chains from China-related risks.

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PowerPoint software co-creator Dennis Austin dies at 76

Working with Robert Gaskins, the Forethought executive who conceived the software, it was Austin's job as the software engineer to make PowerPoint easy to operate.

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AI technology behind ChatGPT was built in Iowa - with a lot of water

Leading tech developers including Microsoft, OpenAI and Google have acknowledged that growing demand for their AI tools carries hefty costs, from expensive semiconductors to an increase in water consumption.

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SpaceX's Starship probe ends with 63 regulatory fixes

The FAA, which regulates launch site safety and oversees company-led mishap investigations, closed its review on Thursday of SpaceX's investigation into the launch mishap, according to an FAA safety official's letter sent to SpaceX that day.

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Elon Musk's X Corp sues California to undo content moderation law

X, the social media platform once known as Twitter, said the law known as Assembly Bill 587 violates its free speech rights under the U.S. Constitution's First Amendment and California's state constitution.

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Authorisation regime likely for OTT communication apps

The licensing regime, proposed in earlier versions of the Telecom Bill, had raised the hackles of several tech companies, which had warned that multiple regulations would be disproportionate and stall the growth of the OTT communications industry.

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ET Startup Awards 2023: search for startup glory begins & other top tech stories this week

ETSA this year comes at a time when the technology industry faces multiple headwinds. The volatility in valuations of publicly listed tech companies, which began in the US in late 2021, has continued to spill over into the private markets. Indian startups, too, have felt this turbulence, with several of them getting valuation markdowns as increasingly cautious investors hedge their bets.

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US chipmaker Nvidia to partner reliance, Tata to boost AI in India

Nvidia to team up with RIL for large language model that will be trained in local languages, to join hands with Tata Group to build AI infra

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Meta Platforms must face class action for breaching medical privacy of patients

US District Judge William Orrick in San Francisco said the plaintiffs could pursue claims that Meta violated a federal wiretap law and a California privacy law, and violated its own contractual promises governing user privacy on Facebook.

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SoftBank's Arm IPO currently six times oversubscribed

While the oversubscription does not guarantee strong IPO performance, it is a positive sign for Arm. It makes it more likely that the company will, at a minimum, reach its targeted price range of $47 to $51 per share, a source said.

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ET Startup Awards 2023: Nominees for Midas Touch; Nvidia envisions exports from India arm

As we inch towards D-Day, when our eleven-member jury picks the winners of The Economic Times Startup Awards 2023, we unveil the nominees for yet another category: Midas Touch.This and more in today’s ETtech Morning Dispatch.

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ET Startup Awards 2023: Nominees for Midas Touch

The award will recognise the most lucrative exit in the year. The decision will be made based on the volume of deals as well as the size of the exit.

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China's widening iPhone curbs roil US technology sector

Apple fell more than 3% and was on track for its worst two-day decline since November after media reports said Beijing has told employees at some central government agencies in recent weeks to stop using their Apple mobiles at work.

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US House panel chair: wider Chinese iPhone ban aims to quash Apple's market access

China in recent weeks has widened curbs on the use of iPhones by state employees, telling staff in at least three ministries and government bodies to stop using their Apple mobile phones at work, Reuters reported on Thursday, following earlier reports by the Wall Street Journal and Bloomberg.

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Indian fintech industry to generate $190 billion in revenues by 2030: report

The report ‘State of the Fintech Union 2023’, also highlighted that as the industry matures, the industry is looking at ‘meaningful scale’ and closely tracking profits as a metric. It further added that product expansion, apart from profitability, was the top focus area for fintech executives.

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ET Startup Awards 2023: Jury will look for cash flow-generating businesses with a worldview

Building business models that generate cash flows and profitability, and create not for Bharat alone but also the world, are what the jury expects from the nominees.

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SaaS firm Zoho crosses 10 crore users globally

Zoho said it has witnessed a three-year Compound Annual Growth Rate (CAGR) of 65% in the upmarket segment in India.

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ET Startup Awards 2023: Revealing Comeback Kid & Best on Campus nominees; banks eye BNPL via UPI

After revealing the eleven-member stellar jury for The Economic Times Startup Awards (ETSA) 2023 and the nominees for Bootstrap Champ and Top Innovator on Monday, we bring to you today the contenders for the next two categories — Comeback Kid and Best on Campus. Read on to know more about those who made the cut.

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ET Startup Awards 2023: Nominees for Best on Campus

The award will showcase a startup whose impact can be judged both by the idea and the execution. The founders should have been students whose aim was to build a commercial enterprise.

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Soonicorn Ventures gets Sebi nod to launch Rs 250 crore angel fund

Soonicorn Ventures has a sector-agnostic approach to investments and will allocate investments ranging from Rs 50 lakh to Rs 4 crore in startups at the initial funding stages.

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ET Startup Awards 2023: Nominees for Top Innovator

The award will recognise innovations that launch a business or give it a big boost. It should be an original idea that is core to the business or one that provides the differentiation that sets it apart from competition.

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ET Startup Awards 2023: Nominees for Bootstrap Champ

The Bootstrap Champ will have demonstrated the ability to win customers and earn revenue for at least a year. It should possess the potential to scale into a large enterprise.

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Electric scooter startup Ather secures Rs 550 crore in funding from Hero MotoCorp

The Bengaluru-based firm was last valued at $739 million during a $50 million fundraise in October last year, per Tracxn.

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Shorts may 'cannibalise' YouTube's long-form video biz: report

According to a report in The Financial Times, citing veteran YouTube staff, the short-video platform Shorts "risks cannibalising its core business".

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Aditya L1: young scientists, women trailblazers behind India’s solar mission

As India's first space-based solar observatory, Aditya L1, takes giant strides in its sun mission, what’s not much known is that it was a group of youngsters, and the country’s women in science back home, who made the endeavour a reality. This and more in today’s ETtech Morning Dispatch.

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Can use AI to identify anti-dumping duty, FTA preparations: Nasscom tells government

The National Association of Software and Services Companies said AI can be used during preparation of free trade agreement (FTA) negotiations and to quickly review patent applications and search for prior inventions.

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Will responsible AI neutralise tech carbon footprint?

Across the globe, data servers are humming, consuming both megawatts and precious natural resources to bring life to our digital world.

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AI project imagines adult faces of children who disappeared during Argentina's military dictatorship

During Argentina's bloody dictatorship from 1976 to 1983, military officials carried out the systematic theft of babies from political dissidents who were detained or often executed and disposed of without a trace.

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'Achieved one goal, have to achieve more': Life after CaratLane for Mithun Sacheti

Mithun Sacheti, co-founder of CaratLane, has gained attention since the announcement of Titan's acquisition of his remaining stake in the company for Rs 4,621 crore ($635 million) in cash. While the spotlight is new to him, Sacheti says he always knew the value of the business.

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Amazon adds cloud executives, Zoox chief to CEO Andy Jassy’s senior team

​​Dave Brown, Aicha Evans and Swami Sivasubramanian are joining what Amazon calls the S-team, Jassy said in a note to employees.

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Why Tamil Nadu is all charged up on EVs

Being the home for several traditional auto manufacturing players and component manufacturers, Tamil Nadu is also the hotbed for innovation in the electronics space and boasts some of the biggest players in the ecosystem.

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Chandrayaan-3's Pragyan rover has been set into sleep mode

India's third lunar mission Chandrayaan-3's rover Pragyan has been set into sleep mode, the Indian Space Research Organisation (ISRO) announced on X late Saturday night.

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Arm signs up big tech firms for IPO at $50 billion-$55 billion valuation

Arm, the chip designer owned by SoftBank Group Corp, is expected to set a price range for its offering next week, the sources said. Arm plans to price its shares on September 13, with stock trading on the Nasdaq to start the following day.

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How digital payments became democratic – the UPI way, and other top tech & startup stories this week

Unified Payments Interface (UPI), the real-time bank transfer mechanism, breached the 10 billion monthly transaction volume mark last month. And with the festive season not too far away, one can only expect it to grow more in the coming months. But what does this 10 billion really mean — and how did we get here?

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Aditya-L1: India may be the fourth to take a trip to L1 Halo orbit

Aditya’s estimated journey time from launch date to its designated orbit is four months, according to the scientists who said the mission’s objective is not to be a space weather-alert instrument.

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US Judge approves payouts from Elon Musk's SEC settlement

Payouts will come from a "fair fund" created under a settlement between Musk and the US Securities and Exchange Commission, arising from Musk's August 2018 post on Twitter that he had "funding secured" for a Tesla buyout.

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Scrutiny of Sam Altman's iris-scanning crypto project Worldcoin grows

Almost 2.3 million people globally have signed up to have their irises scanned by Worldcoin's "orb" devices in exchange for a digital ID and free cryptocurrency.

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