Trade crosses $125 bn, but India continues to strike at Chinese firms, apps

New Delhi,  Amid reports that the Chinese “surveillance balloon” collected information on military assets “in countries of emerging strategic interest to China” such as India, New Delhi has had its share of “national security” concerns with Chinese tech companies and platforms. The total trade between the two countries has surpassed $125 billion. Chinese exports to […]

Technology sector cuts most jobs in January in US: Report

Technology sector cuts most jobs in January in US: Report

San Francisco, Led by the technology sector, US-based employers announced 102,943 cuts in January, a massive 136 per cent increase from the 43,651 cuts announced in December, a new report has said. It is 440 per cent higher than the 19,064 cuts announced in the same month in 2022, according to a report by global outplacement […]

US probes Elon Musk for Tesla self-driving claims

San Francisco, Jan 29 (IANS) The US Securities and Exchange Commission (SEC) is investigating self-driving claims made by Tesla CEO Elon Musk. The SEC probe is to determine if the electric car-maker flouted its rules in promoting its full-self driving (FSD) and Autopilot software, reports The Verge. Musk in November last year said the Tesla FSD […]

Microsoft infuses billions of dollars in ChatGPT developer OpenAI

Microsoft infuses billions of dollars in ChatGPT developer OpenAI

San Francisco Microsoft on Monday announced a multi-year, multi-billion dollar investment in OpenAI, the developer behind AI-driven ChatGPT which has become a rage. The tech giant, which infused $1 billion in OpenAI in 2019, did not divulge the investment amount in the “third phase of our long-term partnership with OpenAI”. Earlier reports had claimed Microsoft may […]

Collapsed crypto exchange FTX claims $415 mn hacked

San Francisco, Jan 18 (IANS) Bankrupt cryptocurrency exchange FTX has claimed that hackers stole nearly $415 million from its platform. FTX CEO John J. Ray III said that about $323 million was hacked from its international exchange and $90 million from its US platform. “We are making important progress in our efforts to maximise recoveries, and […]

Instagram makes people depressed, Twitter makes people angry: Musk

Instagram makes people depressed, Twitter makes people angry: Musk

New Delhi, Elon Musk on Monday put Twitter on fire, after saying that Meta-owned Instagram makes its users depressed while his micro-blogging platform makes people angry. “Instagram makes people depressed & Twitter makes people angry. Which is better?” he asked. Musk’s comment created a barrage of reactions on what platforms people like the most. A follower […]

China to take ‘golden shares’ in two of its biggest tech firms Alibaba and Tencent

China to take ‘golden shares’ in two of its biggest tech firms Alibaba and Tencent

London,  China is to take “golden shares” in two of its biggest tech companies, Alibaba and Tencent, as Beijing extends its influence on the country’s star tech firms and its most powerful and wealthy business people, media reports said. Beijing’s move marks a shift away from imposing hefty fines and sanctions in its two-year tech […]

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