Apple acquires AI-driven video compression startup WaveOne

Although Apple did not announce the acquisition, Bob Stankosh, WaveOne's former head of sales and business development, posted on LinkedIn about the sale of the startup to iPhone maker.

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Online shopping gathers pace in tier-II & IV cities: IIM-Ahmedabad report

Tier 2 to tier 4 cities are outpacing the tier 1 cities in online shopping. According to an Indian Institute of Management Ahmedabad report, online shoppers from tier 2 to tier 4 cities spent up to 77% more than those from tier 1 cities in their last online shopping.

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Lyft picks new CEO as founders tap out amid fierce competition

The change of guard at Lyft comes after a weak quarterly forecast worsened concerns that profits would get squeezed by price cuts undertaken to keep up with bigger rival Uber - which boasts better pricing power, a global presence and a food delivery business.

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Opposition MPs flag concerns about revised Data Bill, propose 40 changes

Members have also expressed concern over a lack of attention to protecting children’s data and the impact on the Right to Information (RTI) Act.

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Alibaba founder Jack Ma returns to China for school visit: Report

The report also said the billionaire businessman, who is a former English teacher, returned to China after a brief stop in Hong Kong, where he met friends and also briefly visited Art Basel.

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Baidu scraps public launch for its ChatGPT-like product 'Ernie Bot'

The webcast, scheduled for Monday afternoon, was switched to a closed-door meeting with the first batch of companies that are testing the product, Baidu said in a statement on Monday morning.

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Black, Hispanic investors struggle with faith in crypto

Only a small minority of the US population owns cryptocurrency, but adoption increased during the COVID-19 pandemic as low interest rates made borrowing money and investing in risky assets more attractive.

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