Business

MCA, Meta partner to launch fact-checking helpline on WhatsApp in India

MCA, Meta partner to launch fact-checking helpline on WhatsApp in India

The Misinformation Combat Alliance (MCA) on Monday said that it has collaborated with Meta (formerly Facebook) to launch a dedicated fact-checking helpline on WhatsApp in India in an effort to combat media generated using artificial intelligence (AI). The helpline will be available for the public to use in March this year.

Democratisation of profits underway in India Inc

Democratisation of profits underway in India Inc

The Nifty profit after tax growth of 16% year on year was significantly below that of the BSE 500 (26% YoY), reinforcing our thesis of democratisation of profits and reinforcing our positive view on small and mid caps, Emkay Global Financial Services said in a report.

Small and mid cap index continue to outperform large cap index

Small and mid cap index continue to outperform large cap index

Mid-cap and small cap index continue to outperform the large cap index on both one month and one year period, as per a report by Tata Mutual Fund. For the year ending January 2024, Realty (108%) and PSU Bank (57%) made the highest gains while Bank (13%) was the lowest performer, the report said. Indian benchmark equity indices broke a two-month gaining streak on back of mixed corporate earnings results, profit booking and easing expectations of rate cuts by the US Fed, Nifty was flat in January 2024, the report said.

Crypto exchange FixedFloat confirms hack, loses $26 mn in Bitcoin, Ether

Crypto exchange FixedFloat confirms hack, loses $26 mn in Bitcoin, Ether

Decentralised crypto exchange FixedFloat has confirmed a hack that resulted in the theft of Bitcoin and Ether worth at least $26 million. The exchange team confirmed the attack shortly after it was originally reported on X. Initially, the team attributed the massive outflows to "minor technical problems" and put its systems on maintenance.

AI will create more jobs than it destroys: IBM India

AI will create more jobs than it destroys: IBM India

As generative artificial intelligence (AI) begins to threaten certain jobs, Sandip Patel, Managing Director, IBM India/South Asia, has said that AI will actually create more job options that it destroys. Patel said that he has seen technology and multiple innovations evolve over a period of time.

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

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 those fleeing the war.

Google confirms feature that will hold call till human representative is available

Google confirms feature that will hold call till human representative is available

Google has confirmed that it is testing a new feature that will help you make a call, wait on hold and then give you a call back once a human representative is available. After reports surfaced about the new tool, the tech giant confirmed to TechCrunch that it is testing the “Talk to a Live Rep” feature. The feature aims to help people not to wait for countless minutes, while listening to recorded music, trying to get connected to a customer service representative.

OpenAI can't register GPT as trademark, rules US patent office

OpenAI can't register GPT as trademark, rules US patent office

In a setback for Microsoft-backed OpenAI, the US Patent and Trademark Office (PTO) has refused to allow the Sam Altman-run company to register the word GPT (generative pre-trained transformer) as a trademark. OpenAI argued in its application with the US PTO that GPT is not a “descriptive word” because consumers will not immediately understand what the underlying wording "generative pre-trained transformer" means. “The trademark examining attorney is not convinced. The Internet evidence demonstrates the extensive and pervasive use in the software industry of the

SpiceJet and Busy Bee Airways bid jointly for GoFirst

SpiceJet and Busy Bee Airways bid jointly for GoFirst

The Chairman and Managing Director of SpiceJet, and Busy Bee Airways Private Limited, have jointly submitted a bid for the cash-strapped GoFirst. A SpiceJet airline official said that the bid has been submitted by Chairman and Managing Director Ajay Singh, in his personal capacity, along with Busy Bee Airways Private Limited.

Nike to slash over 1,600 jobs to cut costs

Nike to slash over 1,600 jobs to cut costs

Sportswear giant Nike has said that it will lay off about two per cent of its workforce or more than 1,600 employees in order to cut costs. In an internal memo to employees seen by The Wall Street Journal, Nike Chief Executive John Donahoe said that the company is using its resources to boost investment in categories like running, women's apparel and the Jordan brand.

Back Page 3
 
Download Mobile App
--%>