Microsoft invests in Gurgaon-based software company, Builder.ai

Microsoft has made an equity investment in Builder.ai, a software development platform based in Gurgaon, India. Builder.ai lets users build software using an artificial intelligence-powered platform in a more efficient and affordable manner, without technical skills, and will now become part of Microsoft's ISV programme, with the companies working together to make software development more accessible for non-tech users. "We are ecstatic that the world's largest software company chose Builder.ai...to help the next 100m businesses and beyond become digitally native," said Sachin Dev Duggal, the builder's founder. https://ift.tt/8hykivO

Binance launches Capital Connect to connect VIP clients and investment fund managers; the exchange has 128M users, of which VIPs are a "very small percentage" (Yogita Khatri/The Block)

Yogita Khatri / The Block:
Binance launches Capital Connect to connect VIP clients and investment fund managers; the exchange has 128M users, of which VIPs are a “very small percentage”  —  - Binance has launched a new platform called Capital Connect to facilitate connections between its VIP clients and investment fund managers.

How Japan-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips just two years after TSMC and Samsung (Bloomberg)

Bloomberg:
How Japan-based Rapidus is trying to become a globally competitive chipmaker by 2027, aiming to mass produce 2nm chips just two years after TSMC and Samsung  —  Tetsuro Higashi is taking on what seems like an impossible task: Create a globally competitive semiconductor manufacturer in Japan from scratch - and do it in four years.

iPhone users confirmed to get these new features next week

Apple today (May 10) launched a new Pride Edition band for the Apple Watch. Along with this, the company has also announced that it will release iOS 16.5 and watchOS 9.5 next week. https://ift.tt/E2SGoQe

Chinese DRAM chipmaker ChangXin plans a Shanghai IPO, sources say after receiving assurances over exemptions from US export controls for its equipment (Financial Times)

Financial Times:
Chinese DRAM chipmaker ChangXin plans a Shanghai IPO, sources say after receiving assurances over exemptions from US export controls for its equipment  —  ChangXin Memory Technologies to raise funds for production expansion following assurance on American equipment supplies

Sony banks on Indian game developers, launches the ‘India Hero Project’

The Indian gaming industry may still be in its nascent stage, but in recent years, there has been some notable progress. From ‘Raji: An Ancient Epic’ bagging the country’s first The Game Awards nomination to ‘Mukti’ securing funding from Epic Games, Indian game studios have already started to make waves in the global gaming landscape. In another positive development for Indian game developers, Sony has now announced the ‘India Hero Project’, an incubator programme to support Indian-made games. https://ift.tt/BmHp3L6

Global tablet shipments fell 18% YoY to 31.7M in Q1 2023, the lowest shipment volume since Q1 2020; Apple had 12.35M shipments, down 17% YoY, for a 38.9% share (Canalys)

Canalys:
Global tablet shipments fell 18% YoY to 31.7M in Q1 2023, the lowest shipment volume since Q1 2020; Apple had 12.35M shipments, down 17% YoY, for a 38.9% share  —  According to the latest Canalys data, global tablet shipments fell 18% year on year in the first quarter of 2023 to 31.7 million units.

Amazon teases new Realme Narzo series smartphone

Realme recently celebrated its fifth anniversary in India. Now it appears that the company is all set to launch its new smartphone in the country. Realme is said to launch a new Narzo series smartphone in India. https://ift.tt/scWT5Qb

Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023 (Bloomberg)

Bloomberg:
Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023  —  Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product.

Intel reportedly plans a fresh round of layoffs

The technology sector is experiencing a wave of job cuts and the chip manufacturer Intel is back with a fresh round of layoffs. According to an online report, Intel confirmed the plan to reduce its workforce. https://ift.tt/pYHgNcj

WhatsApp for macOS is receiving a new tint colour with the latest update

https://ift.tt/Vvlg42S

ChatGPT maker OpenAI's losses swell to $540 million, likely to keep rising

The losses of Microsoft-backed OpenAI, the developer behind highly-successful AI chatbot ChatGPT, reportedly swelled to nearly $540 million last year and are likely to only keep rising. According to The Information, OpenAI's losses doubled as it developed ChatGPT and hired key employees from Google. "The previously unreported figure reflects the steep costs of training its machine-learning models during the period before it started selling access to the chatbot," the report noted. https://ift.tt/YJdpjtD

Siemens, SAP say EU draft Data Act puts trade secrets at risk

German business software maker SAP and German engineering company Siemens have joined US tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods. EU countries and EU lawmakers are working on the details of the Data Act, proposed by the European Commission last year before it can be adopted as legislation. https://ift.tt/K6IAXq5

Images of a Texas mall mass shooting go viral on Twitter, fueling criticism of its reduced moderation; Twitter allows some graphic posts like Ukraine war images (Benjamin Mullin/New York Times)

Benjamin Mullin / New York Times:
Images of a Texas mall mass shooting go viral on Twitter, fueling criticism of its reduced moderation; Twitter allows some graphic posts like Ukraine war images  —  Graphic images of the attack went viral on the platform, which has made cuts to its moderation team.

Source: Volkswagen plans to fire most of the management team at Cariad next week, after the software unit missed its development goals and exceeded its budget (Jan Schwartz/Reuters)

Jan Schwartz / Reuters:
Source: Volkswagen plans to fire most of the management team at Cariad next week, after the software unit missed its development goals and exceeded its budget  —  Carmaker Volkswagen (VOWG_p.DE) is set to dismiss all but one of the executive board members at its software division Cariad next week …