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Scoop: Dunzo secures $75M via convertible notes, fires 30% staff; Tim Cook may visit India as Apple opens first company-owned store

Reliance Retail-backed quick commerce startup Dunzo has secured funding of $75 million through convertible notes. It is also laying off about 30% of employees in addition to planning a shift in the business model.

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Indian shoppers to spend $140-160 billion online by 2025: report

The pandemic accelerated digital penetration by 12–24 months across different sectors, which will boost the adoption of e-commerce in reaching a total of 350 to 400 million online shoppers spending $150 billion by 2025.

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Maharashtra forms panel to frame rules for app-based taxi services

IAS officer Sudhirkumar Shrivastava (retd) will be the chairman of the committee which will have to submit its report in the next three months, the order stated.

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I&B ministry, Amazon India ink pact to showcase Indian content to global audiences

Under the agreement, content from National Film Development Corporation (NFDC), International Film Festival of India (IFFI), and Doordarshan will be screened on Amazon's streaming platforms Amazon Prime and Amazon miniTV.

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Google says its AI supercomputer is faster, greener than Nvidia

Google has designed its own custom chip called the Tensor Processing Unit, or TPU. It uses those chips for more than 90% of the company's work on artificial intelligence training, the process of feeding data through models to make them useful at tasks like responding to queries with human-like text or generating images.

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Twitter again accused of legal violations during mass layoffs

The proposed class action, filed in San Francisco federal court, claims Twitter in November laid off numerous workers employed by staffing firm TEKsystems Inc without the 60 days of advance notice required by US and California law.

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More wearables, hearables get India-made printed circuit boards

The wearables segment has seen rapid growth, clocking 46.9% year-on-year growth in 2022 as shipments reached 100 million, as per IDC India.

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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...