During his recent visit to the United States, Indian Prime Minister Narendra Modi met with top tech executives, including Apple CEO Tim Cook, Alphabet CEO Sundar Pichai, and Microsoft CEO Satya Nadella, to discuss investment opportunities and challenges in India. Modi, who was in the US to meet with President Biden and other political and
Meta, the parent company of Facebook, announced that it would be blocking access to news on Facebook and Instagram in Canada after the country’s federal government passed the Online News Act, also known as Bill C-18. The law mandates that technology companies pay content fees to local media outlets. Impact of Bill C-18 According to
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
Harness has recently unveiled AIDA (AI Development Assistant), an AI assistant that utilizes generative AI to streamline workflows for software development lifecycle (SDLC). Unlike other AI applications that are primarily focused on code development, AIDA can address the entire SDLC, from code error resolution to security vulnerabilities and cloud cost governance. Harness claims that their
A team of scientists at the University of Cambridge has developed a new design for computer memory that could lead to a reduction in energy demands and also improve performance. The new memory design is based on hafnium oxide, which is already used in the semiconductor industry, and tiny self-assembled barriers that can be raised
Captions, an AI-powered video creation app for iOS, has secured $25 million in Series B funding led by Kleiner Perkins. The app has seen a significant uptake in users since its launch in 2021, with over three million users to date. Additional funding for the Series B was provided by Sequoia Capital, Andreessen Horowitz (a16z),
California pension officials have announced that approximately 769,000 retired state employees and other beneficiaries had their personal information stolen in a cyberattack by Russian hackers. The stolen data included Social Security numbers, names, birth dates, and may also include the names of spouses or domestic partners and children. The attack was carried out using the
Vice Media has announced that Fortress Investment Group has been declared the winning bidder for the company as it prepares to emerge from bankruptcy. Fortress, leading a group of lenders, offered a $225 million stalking horse bid for Vice when it entered bankruptcy protection back in May. The group later increased its offer to $350
Amazon Web Services, the cloud unit of Amazon, has set aside $100 million for a center that will help companies use generative artificial intelligence (AI). This technology has gained popularity since OpenAI released its ChatGPT chatbot to the public. Although the investment may seem small for a company with $64 billion in cash and half
MongoDB has launched new capabilities for its Atlas platform at its annual developer conference in New York, aimed at simplifying the process of building modern applications for enterprises. The company has introduced new vector search and stream processing features for Atlas, the fully-managed data platform that provides an integrated suite of data services centred around