20 February, 2024

Author name: sukhmandeep

India’s AI market to reach $17 bn by 2027, demand for talent to grow: Nasscom

India’s artificial intelligence (AI) market is likely to grow at 25 per cent compound annual growth rate (CAGR) to reach $17 billion by 2027, with similar growth in AI investments, a Nasscom report said on Tuesday. India’s AI market is growing with AI/ML capabilities, including GenAI, emerging as the top category of IT spend expected …

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EU opens formal probe against TikTok over safeguarding kids, ad transparency

The European Commission on Monday opened formal proceedings to assess whether TikTok may have breached the Digital Services Act (DSA) for protection of minors, advertising transparency, data access for researchers and risk management of addictive design and harmful content. After the formal opening of proceedings, the Commission will continue to gather evidence, for example by …

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Samsung Galaxy S24+: Sturdy flagship smartphone with impressive AI features

Samsung is back with its new flagship Galaxy S24 series, boasting cutting-edge mobile technology and great design. Recently launched in India, the lineup welcomes the Galaxy S24, Galaxy S24+, and the top-of-the-line Galaxy S24 Ultra. We got the middle child of the Galaxy S24 series, i.e. Galaxy S24 Plus to review. Before going into the …

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Google launches 2nd fund worth $10 mn for Ukraine–based startups

Google on Saturday announced a second startup support fund for Ukraine worth $10 million, to allocate equity-free cash awards throughout 2024 and 2025. Since the devastating war in Ukraine started, Google said it has committed over $45 million in cash and $7 million in kind to support humanitarian relief efforts for people in Ukraine and …

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Musk’s X banned over 2L accounts for policy violations in India in Jan

Elon Musk-run X Corp banned a record 2,31,215 accounts in India between December 26 and January 25, mostly for promoting child sexual exploitation and non-consensual nudity. The micro-blogging platform, going through a churning under Musk, also took down 1,945 accounts for promoting terrorism on its platform in the country. In total, X banned 2,33,160 accounts …

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Finding life in outer solar system nearly impossible, say scientists

It is far less likely that space scientists and astronauts will ever find life in the outer solar system, home to the four ‘giant’ planets: Jupiter, Saturn, Uranus and Neptune, according to a study. This is because a team of Canadian scientists found that the subsurface ocean of Titan — the largest moon of Saturn …

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Uber announces $7 bn share buyback as ride-hailing, food delivery biz recovers

Ride-hailing major Uber on Wednesday announced it will buy back company shares worth up to $7 billion after strong recovery in business last year. The Board of Directors has authorised the repurchase of up to $7 billion of the company’s common stock, Uber said in a statement. “Today’s authorisation of our first-ever share repurchase programme …

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50% of time Indian users pick up their phones out of habit

One out of two (50 per cent) times Indian users pick up their phones without knowing why they fired up their smartphone, a new report revealed on Monday. According to the global management consulting firm Boston Consulting Group (BCG), a typical smartphone user picks up the phone 70-80 times a day. “In our research, we …

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Digital tech spending in India to grow 2x the economy in 2024

The spending on digital technology by organisations in India is likely to grow at two-times the economy in 2024, according to a new report. As companies are compelled by market demands to grow digital business models and strengthen digital capabilities, the digital tech spending by the Indian firms is set to grow, says the report …

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Fashiontech startup Blissclub lays off nearly 18% workforce to cut costs

Direct-to-consumer (D2C) startup Blissclub has laid off nearly 21 employees, or 18 per cent of its workforce, to cut costs. However, the number of impacted employees at the fashion apparel startup could be as high as 30, according to leading startup news portal Inc42. “The primary reason behind the layoffs was the startup’s inability to …

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