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AI companies raise nearly $50 bn this year to date: Report
Sci - Tech

AI companies raise nearly $50 bn this year to date: Report

New Delhi, Dec 20: While other markets saw a significant downturn in fundraising, AI companies have raised nearly $50 billion this year to date, the second highest figure in the market's history, a new report revealed on Wednesday. According to data presented by AltIndex.com, the global AI...
AI in healthcare ‘double-edged sword’, can fool clinicians with data: Study
Sci - Tech

AI in healthcare ‘double-edged sword’, can fool clinicians with data: Study

New York, Dec 20: AI models in health care are a double-edged sword, with models improving diagnostic decisions for some demographics, but worsening decisions for others when the model has absorbed biased medical data, suggests a study. Given the very real life and death risks of clinical...
Saving Big: Paytm
Sci - Tech

Saving Big: Paytm's smart move with AI to spur profit surge

New Delhi, Dec 20: Fintech giant Paytm is leveraging artificial intelligence (AI) to revolutionise payments and financial services like wealth management, Paytm Founder and CEO Vijay Shekhar Sharma said in an interview with Bloomberg. Paytm’s AI-driven strategy has helped it reduce workforce...
Apple Watch ban may cost firm $300 to $400 mn in sales: Report
Sci - Tech

Apple Watch ban may cost firm $300 to $400 mn in sales: Report

San Francisco, Dec 20: Apple's decision to stop selling two of the latest models of Apple Watches -- Series 9 and Ultra 2 -- in the US this week could cost the company hundreds of millions of dollars, media reports said. As estimated by Wedbush Securities analyst Dan Ives, if Apple moves ahead...
realme C67 5G sets new benchmark with highest offline sales in C Series
Sci - Tech

realme C67 5G sets new benchmark with highest offline sales in C Series

New Delhi, Dec 21: realme's unwavering commitment to making 5G technology accessible to all, particularly the tech-enthusiast younger generation, has propelled the consistent growth of its 5G product range. As a frontrunner in popularising authentic 5G experiences and the real 5G democratiser,...
Jeff Bezos
Sci - Tech

Jeff Bezos' Blue Origin finally launches, recovers New Shepard booster

San Francisco, Dec 20: Jeff Bezos-run Blue Origin has launched and recovered its New Shepard booster, making its 24th mission finally a success and giving Elon Musk-run SpaceX some real competition. After its New Shepard rocket took off from West Texas in the US on Tuesday, the booster and crew...
$12 bn India’s digital media & entertainment landscape to triple in size by 2030
Sci - Tech

$12 bn India’s digital media & entertainment landscape to triple in size by 2030

New Delhi, Dec 20: India’s digital media and entertainment landscape, which is currently valued at $12 billion, is likely to triple in size, a report showed on Wednesday. The growing maturity of internet users coupled with increasing spend on digital media is expected to enable the sector to...
Crypto trading volume on WazirX drops 90% to $1 bn amid regulatory pressure
Sci - Tech

Crypto trading volume on WazirX drops 90% to $1 bn amid regulatory pressure

New Delhi, Dec 20: Indian crypto exchange WazirX saw its trading volume nosedive to $1 billion in 2023 -- a massive 90 per cent drop from 2022 -- amid regulatory pressure from the government and a heavy crypto tax regime. Last year, the Indian government introduced a 30 per cent tax on virtual...
FBI hacks big ransomware gang Blackcat, restores victims
Sci - Tech

FBI hacks big ransomware gang Blackcat, restores victims' systems

Washington, Dec 20: The US Justice Department has announced a disruption campaign against the Blackcat ransomware group -- also known as ALPHV or Noberus -- that targeted computer networks of more than 1,000 victims, including networks that support US critical infrastructure. The FBI developed a...
Razorpay, Cashfree get final approval from RBI to function as payment aggregators
Sci - Tech

Razorpay, Cashfree get final approval from RBI to function as payment...

New Delhi, Dec 19: Digital payment startups Razorpay and Cashfree on Tuesday announced that they received final authorisation from the Reserve Bank of India (RBI) to operate as payments aggregators (PA). "Razorpay has now received the final authorisation from the Reserve Bank of India @RBI to...
Industry stakeholders hail new Telecommunications Bill 2023
Sci - Tech

Industry stakeholders hail new Telecommunications Bill 2023

New Delhi, Dec 18: Industry stakeholders on Monday welcomed the new Telecommunications Bill, 2023, saying its provisions will bring uniformity across states in terms of Right of Way (RoW) rules and regulations, along with rates. They will also address long-standing issues for telecom...
Google agrees to pay $700 mn in Play Store dispute settlement
Sci - Tech

Google agrees to pay $700 mn in Play Store dispute settlement

New Delhi, Dec 19: Google has agreed to pay $700 million to the US consumers and states in a settlement over Play Store reached in September. The company will pay $630 million to consumers and $70 to a fund used by states. "Google will pay $630 million into a settlement fund to be distributed...
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