DeepSeek’s dark-horse entry into the AI race, which it says cost...
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DeepSeek hit by cyberattack as users flock to Chinese AI startup
The startup earlier in the day was also hit by outages on its...
RBI Guv asks banks to have robust systems to curb digital frauds
Sanjay Malhotra,Governor,RBI While dwelling upon IT risk management...
Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report
The biggest deal during the quarter was the USD 800 million fund raise by food delivery platform Swiggy, followed by ShareChat (USD 502 million), Byju’s (USD 340 million), PharmEasy (USD 323 million) and Meesho (USD 300 million), the report said.
“The Indian startup ecosystem that generated 53 unicorns till June 2021 has made great strides in the April-June quarter. From recording most funding deals to adding the most number of unicorns in a quarter, investors’ confidence in good-quality digital businesses has strengthened like never before,” PGA Labs Director, Competitive Intelligence Abhishek Maiti told PTI.
Mosaic Insurance and DXC Technology launch innovative technology platform for Specialty Insurance
Together with DXC’s business-process expertise and technology, Mosaic, a next-generation global specialty insurer, will refine underwriting, simplify transactions, and process claims and assess risks faster.
Mosaic also streamlines end-to-end processing and provides real-time access to data.
T-Mobile says hackers accessed data of another 5.3 million subscribers
The data includes address, date of birth and phone numbers of customers, the company said, adding that it had no indication that the accessed data contained financial information such as credit card or other payment data.
Class action against 9 firms for falling to refund payments during coronavirus pandemic
CCPA was formed in 2020 under the Consumer Protection Act. It has the mandate to regulate matters related to unfair trade practices, consumer rights, and false or misleading advertisements.
Indian companies have been issued instructions to comply with the CCPA orders.
Facebook teams up with Indian firm to help provide loans to small businesses
The social media giant is joining hands with Indifi to help provide loans ranging from 500,000 rupees to 5,000,000 rupees ($6,719-$67,191) at annual interest rates of up to 20%, Ajit Mohan, Facebook India’s managing director, told a virtual news conference.
India to add 100 more earthquake observatories by 2026: Jitendra Singh
He impressed upon India’s commitment to supporting various projects of earth system science to quantify the seismic hazard for better land use and urban planning and creating disaster-resilient infrastructures for reducing risks and ultimately paving the way to sustainable development.
Musk says Tesla likely to launch humanoid robot prototype next year
Tesla Inc Chief Executive Elon Musk said Tesla will also introduce new hardware for its self-driving computer for its Cybertruck electric pick-up truck in “about a year or so.” Tesla in July pushed back the launch of its much-anticipated Cybertruck from this year, without giving a timeframe for its arrival on the market.
Japanese crypto exchange hit by estimated $94 mln hack
London-based blockchain analysis firm Elliptic said digital addresses identified by Liquid as belonging to the thief had totalled over $94 million , including $45 million in tokens connected to the Ethereum blockchain.
The hacker or hackers is converting these tokens to the ether cryptocurrency via so-called decentralised – peer-to-peer – exchanges, Elliptic said, adding that it was aiding Liquid in tracking the stolen funds.
For bank regulators, tech giants are now too big to fail
This time it’s the tech giants including Google, Amazon and Microsoft that host a growing mass of bank, insurance and market operations on their vast cloud internet platforms that are keeping watchdogs awake at night.
India smartphone mkt to reach record 173 mn units in 2021: report
In 2020, the Indian market outperformed the North America, Latin America and Africa markets.
”Our outlook for India for the next five years remains positive, keeping in mind its 1.39-billion (and growing) population, upgrade of users from feature phone to smartphone, and future emergence of new use cases. The market is set to cross the 200-million mark in the next couple of years,” Counterpoint said.