Some betting apps continue advertising despite ban; fintechs push for decentralised KYC regime

Happy Friday. A bunch of gaming and getting firms continue operations and ads across online platforms despite a government ban. This and more in today’s edition of ETtech Morning Dispatch.

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What is Volt Typhoon, the alleged China-backed hacking group?

Nearly every country in the world uses hackers to gather intelligence. Major powers like the US and Russia have large stables of such groups - many of which have been given colourful nicknames by cybersecurity experts, like “Equation Group” or “Fancy Bear.”

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Acquirer of Silicon Valley Bank announces layoffs at the failed institution; no impact on team based in India

CEO Frank Holding said the move would only affect "select" corporate Silicon Valley Bank positions, adding that neither employees in customer-facing jobs, nor members of a team based in India, would be impacted.

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Twitter crashes during Ron DeSantis US presidential run announcement

Twitter outages have been more numerous under Musk's ownership. In March, thousands of users reported problems accessing links posted on the platform.

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Nvidia's results spark nearly $300 billion rally in AI stocks

Nvidia forecast quarterly revenue more than 50% above Wall Street estimates, with Chief Executive Officer Jensen Huang saying in a statement the company is "significantly increasing our supply to meet surging demand" for its data center chips.

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Facebook owner Meta slashes business teams in final round of layoffs

Dozens of employees working in teams such as marketing, site security, enterprise engineering, program management, content strategy and corporate communications took to LinkedIn to announce that they were laid off.

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Tatas eye bigger play in electronics, semicon manufacturing; Matrix closes largest India fund at $550 million

Ahead of its possible foray into the semiconductor space, Tata Group is scouting land near its electronics manufacturing facility in Tamil Nadu to expand operations, sources told us. This and more in today’s ETtech Morning Dispatch.

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