Microsoft, Alphabet, Amazon, and Meta boosted capex by 50% to a total of $106B in H1 2024, as they build AI infrastructure and pledge more investment hikes — Technology stocks have been volatile as Microsoft, Meta, Amazon and Google report huge increases in their investments in artificial intelligence
How AI-formulated bioweapons became a security obsession inside Washington, DC, forcing officials to take tech advances in weaponizing disease seriously — A stunt got White House officials to take technological advances in weaponizing disease seriously. — Rocco Casagrande entered …
An Indian tribunal orders a halt on insolvency proceedings against Byju's, days after Byju's settled a $19M payments dispute case with the Indian cricket board — India's appeals tribunal on Friday ordered a halt on insolvency proceedings against embattled education startup Byju's …
A profile of, and interview with, former OpenAI board member Helen Toner, who is building a reputation in Washington, DC, as a trusted expert on AI — Helen Toner is building a reputation in the nation's capital as a trusted expert on artificial intelligence.
Stability AI announces Stable Fast 3D, a generative AI model for rapid 3D asset generation, says it can generate a 3D asset from a single image in 0.5 seconds — Not all that long ago, it used to be hard, really hard to generate 3D images. It was a process that involved complex wireframes, complicated software and beefy hardware.
Analysis: Indian startup VC funding has dwindled, depriving India of capital needed to grow its economy, as the valuation of top companies like Byju's implodes — Byju's, Paytm falter in stark reminder of the unique risks and challenges facing the country's tech economy.
Telegram rolls out a Mini App Store to help users find new apps, updates the in-app browser to support multiple tabs, and says its mini apps have 500M MAUs — Telegram is refining the in-app expereince, adding a new way to interact with the browser and a Mini App Store for native applications.
How US safeguards on the Microsoft-G42 deal, aiming to protect critical data center and AI infrastructure, could shape future international data center projects — Security hawks in Washington worry that infrastructure deals risk the future of AI — If artificial intelligence systems transform …
An airline industry group executive says India doubled the use of digital biometric systems in airports to 28 in June, covering ~90% of sky-bound travel volumes — Digital initiative chief claims technology can halve queueing times and pledges transparency on personal data
Faye, which offers travel insurance and fintech services via a single smartphone app, raised a $31M Series B led by Portage; Faye raised a $10M Series A in 2023 — We've been covering US-based Insurtech startup FAYE way back since 2022 with its Seed round, and the Series A round in 2023 …
Flipkart consolidates its various fintech offerings, including UPI and BNPL, under Flipkart Pay; the move follows recent expansions and a spinoff of PhonePe — Flipkart has integrated its various fintech services into a single vertical named ‘Flipkart Pay’.
Qualcomm debuts the 4nm Snapdragon 4s Gen 2, a feature limited version of the Snapdragon 4 Gen 2, to make 5G accessible to smartphones in the sub-$100 category — Qualcomm Tuesday announced the Snapdragon 4s Gen 2. The entry-level chip aims to make 5G accessible to 2.8 billion smartphone users …
Sources: HPE is expected to secure unconditional EU approval for its $14B acquisition of Juniper Networks; the EC is scheduled to decide on the deal by Aug. 1 — Hewlett Packard Enterprise (HPE) (HPE.N) is expected to secure unconditional EU antitrust approval for its $14 billion acquisition …
South Korea will provide $400M to vendors hit by payment delays on two Qoo10 e-commerce platforms, and Qoo10's founder pledges to use his own assets to help — South Korea will provide $400 million in financial support to small businesses hit by payment delays on two Qoo10 e-commerce platforms …
ISD: hundreds of extremist TikTok accounts are openly sharing Hitler-related propaganda, including Holocaust denial videos, and trying to recruit new members — Not only is TikTok's algorithm promoting Neo-Nazi content, extremist organizations are also using the platform to recruit new members and encourage real-world action.
Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...
