The adoption of generative artificial intelligence has gained momentum, causing the markets to thrive. Despite this, investors are becoming increasingly aware of potential risks associated with the technology. As a result, IT services, consulting, media, information, and education businesses are being scrutinized by portfolio managers to evaluate AI’s potential for disruption. While generative AI has
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Proposed Australian laws could result in tech giants facing billions of dollars in fines for their failure to tackle disinformation. The Australian Communications and Media Authority, a government watchdog, said that the proposed legislation would bring “mandatory” standards to the little-regulated sector. The owners of platforms such as Facebook, Google, Twitter, TikTok, and podcasting services
Amazon’s Chief Executive, Andy Jassy, has announced that the e-commerce giant will invest an additional $15 billion in India. This investment will bring Amazon’s total investment in India to $26 billion by 2030. During his meeting with Indian Prime Minister, Narendra Modi, Jassy discussed supporting Indian startups, creating jobs, enabling exports, digitization, and empowering small
Google CEO Sundar Pichai has announced that the company will establish its global fintech operation centre in GIFT City in Gujarat. He made the announcement after meeting with Indian Prime Minister Narendra Modi. Pichai has confirmed that Google continues to invest in India with its USD 10 billion India Digitisation Fund. He and Modi discussed
Two prominent investors in Byju’s, the Indian edtech startup, have confirmed that their representatives have resigned from the company’s board. GV Ravishankar of Peak XV Partners and Russell Dreisenstock of Prosus have stepped down, which could compound the challenges faced by Byju’s, whose valuation dropped steeply recently. The company was valued at $22 billion in
Amazon has launched a new service that allows its customers to use their Rs. 2,000 notes to top up their Amazon Pay balances during cash-on-delivery orders. This doorstep solution is aimed at easing the stress of exchanging such currency, especially since the Reserve Bank of India announced the withdrawal of Rs. 2,000 currency notes from
Gannett, the largest newspaper chain in the United States, has filed a lawsuit against Google, alleging that the tech giant is violating federal antitrust laws by monopolizing the market for online advertising. The publisher, which produces USA Today and more than 200 other daily newspapers, claims that Google and its parent company, Alphabet, control the
Hideo Kojima, the creator of Death Stranding, has confirmed that he will be “deeply involved” in the upcoming film adaptation of the popular video game. While Kojima will not direct the movie, he will be involved in producing, supervising, plotting, look, design, and content. Kojima Productions and Hammerstone Studios are set to develop the Death
The Flash, a superhero film that marks the reset point for James Gunn’s revamped DC Universe, has opened to a sluggish $139 million at the global box office. The opening is just shy of Black Adam’s opening weekend, which stood at $140 million. Despite the multiverse-hopping shenanigans that have been successful in other superhero films,
Meta Platforms announced the release of its latest mixed reality headset, the Quest 3, earlier this month. The company, which is led by Mark Zuckerberg, is one of the biggest names in Augmented Reality and Virtual Reality devices and is now allowing users as young as 10 to use its Quest 2 and Quest 3