Wipro’s Q1 net profit up 12% to Rs 2,870 crore, misses estimates

India’s fourth-largest software company expects revenue in the ongoing fiscal quarter to be between a sequential fall of 2% and a growth of 1% in constant currency, or without forex fluctuations.

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China's Huawei says it earned patent revenues of $560 million last year

Huawei earned more than it paid out in royalties over the last two years as the decline in handset sales meant it needed to pay less to other IP holders.

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UPI comes to France. Soon, spend in rupee at Eiffel Tower

India’s Unified Payments Interface (UPI) will be adopted by France, according to the announcement made by Indian Prime Minister during his visit to France. UPI will enable Indian tourists to pay in rupees at the Eiffel Tower. The National Payments Corporation Of India (NPCI) is in talks with other countries, including the USA, Europe, and West Asia, to extend UPI services.

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US FTC asks appeals court to pause Microsoft's Activision deal: report

A US appeals court on the West Coast opened a docket on Thursday on the FTC's effort to overturn its loss, but no docket entries requesting a stay were visible in mid-afternoon.

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US House Republicans interrogate FTC's Lina Khan over regulation of Big Tech

Republicans charged that Lina Khan is "harassing" Twitter since its acquisition by Elon Musk, arbitrarily suing large tech companies and declining to recuse herself from certain cases. In April, the committee subpoenaed Khan after an investigation by the panel that concluded the agency went after Musk for political reasons.

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Google’s AI chatbot is trained by humans who say they’re overworked, underpaid and frustrated

It’s an increasingly thankless job. Six current Google contract workers said that as the company entered a AI arms race with rival OpenAI over the past year, the size of their workload and complexity of their tasks increased.

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HCLTech acquires German automotive engineering services provider ASAP for €251 million

ASAP is focussed on future-oriented automotive technologies in areas such as autonomous driving, e-mobility, and connectivity.

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