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Samsung Electronics to triple advanced chip production by 2027, sees robust demand

Samsung Electronics is targeting mass production of advanced 2-nanometre technology chips by 2025 and 1.4-nanometre chips by 2027, set for use in applications such as high-performance computing and artificial intelligence.

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Elon Musk, Volodymyr Zelensky lock horns on Twitter over billionaire's Ukraine peace plan

In February, when Ukraine's internet was disrupted following Russia's invasion, Musk responded to a tweet by a Ukrainian government official seeking help. Musk said SpaceX's Starlink satellite broadband service was available in Ukraine and that SpaceX was sending more terminals to the country.

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South Korea's Naver to acquire US fashion social commerce Poshmark for $1.6 billion

Poshmark is the largest fashion consumer-to-consumer platform in North America, with 80 million registered users led by Millenial and Gen Z active users, Naver and Poshmark said in a conference call about the deal.

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Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup fee

The merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value (TPV), more than twice that of its nearest contender Razorpay, which processes $80 billion in annual TPV.

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7-yr-old dies after electric scooter's battery explodes during charging in Maharashtra's Palghar

The incident occurred in Vasai area of Palghar district. Following the incident, the boy who was seriously injured was shifted to a hospital where he succumbed to his injuries. According to police, the deceased child was identified as Shabbir Shahnawaz. A case has been registered at Manikpur police station.

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What if Elon Musk loses the Twitter case but defies the court?

The Tesla billionaire's reputation for dismissing government pronouncements has some worried that he might flout an unfavorable ruling of the Delaware Court of Chancery, known for its handling of high-profile business disputes.

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Prosus-owned PayU scraps $4.7 billion BillDesk deal after CCI nod

The surprise announcement of the termination comes after the deal was approved recently by the antitrust regulator after a year since it was first announced. On August 31, 2021, Prosus had announced that it would acquire BillDesk for $4.7 billion in an all-cash deal to expand its footprint in the country’s booming fintech sector under the umbrella of its payment gateway PayU.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...