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JioHotstar Crosses 200 Million Paying Subscribers on IPL Frenzy
JioHotstar has increased its paying subscriber base to over 200 million, driven by multi-language live broadcasts of the hugely popular Indian Premier League cricket matches. To get so many paying subscribers just from India in such a short time was “pretty satisfying,” said Uday Shankar, vice chairman of JioStar.
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US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
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Ola Electric Counted Yet-to-Be Launched E-Motorbikes in Its February Sales
Ola told India’s Ministry of Road Transport and Highways in a March 21 letter that it added customer bookings for 10,866 third-generation e-scooters as well as 1,395 Roadster X motorcycles in its February sales record, citing them as “confirmed orders.” Roadster motorcycles have not been rolled out so far, while third-gen scooter deliveries b...
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Amazon Submits Bid to Buy TikTok, Adding 11th Hour Intrigue to Acquisition Drama
Amazon.com became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion (roughly Rs. 5,13,272 crore).
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India Tech Startups Worth $100 Billion Seen Seeking IPOs by 2027
More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the countrys top deal advisers to internet companies.
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Nintendo Switch 2 Outlook by Goldman Sachs Drives Shares
Nintendo Switch 2 is expected to boost active users to record levels, according to Goldman Sachs, driving Nintendo Co. shares to a seven-month high. Set for an April 2 unveiling, the console aims to "unlock dormant users." Launching over seven years after the original Switch, anticipation has pushed Nintendo’s stock to all-time highs.
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China’s DeepSeek Unveils Latest Update in Race With OpenAI
DeepSeek released updates to its V3 model. This update claims to address real-world challenges while setting benchmarks for accuracy and efficiency.
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Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
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UK, US Said to Hold Talks in Bid to Resolve Apple Encryption Feud
British officials privately met with US counterparts to address concerns about the UK pressuring Apple Inc. to create a backdoor for accessing Americans' encrypted data. These talks followed Apple's removal of its advanced encryption feature for cloud data in the UK, following a directive by authorities there requesting encryption circumvention to ...
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Pokemon Go Owner Niantic Sells Gaming Business to Saudi Group for $3.5 Billion
Scopely has agreed to buy Niantic’s gaming business. The Niantic games business generated more than $1 billion (roughly Rs. 8,702 crore) in revenue from 30 million monthly active users last year, Scopely said.
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Microsoft’s $13 Billion OpenAI Tie-Up Cleared by UK's Competition and Markets Authority
UK's Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The decision, after around 14 months of scrutiny, removes one UK regulatory uncertainty for Microsoft, which faces a continued investigation into its cloud service offerings.
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Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,008 crore) worth of tokens. The Dubai-headquartered platform, which is not available in the US, had roughly $16.2 billion (roughly Rs. 1,40,489 crore) in assets on its exchange prior to being hacked.
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Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Sam Altman Says 'No Thank You'
Elon Musk-led group of investors offered to purchase OpenAI's non-profit parent firm for $97.4 billion (roughly Rs. 8,46,576 crore). In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion (roughly Rs. 8,46,576 crore) if you want.
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US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
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Microsoft Probing If DeepSeek-Linked Group Improperly Obtained OpenAI Data
Microsoft and OpeAI are checking if data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to DeepSeek. David Sacks, President Donald Trump’s artificial intelligence czar, said Tuesday there’s “substantial evidence” that DeepSeek leaned on the output of OpenAI’s models to help develop its own techn...
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JioHotstar Crosses 200 Million Paying Subscribers on IPL Frenzy
JioHotstar has increased its paying subscriber base to over 200 million, driven by multi-language live broadcasts of the hugely popular Indian Premier League cricket matches. To get so many paying subscribers just from India in such a short time was “pretty satisfying,” said Uday Shankar, vice chairman of JioStar.
-
US SEC Says Stablecoins Aren’t Securities That Require Registration
US SEC has determined that the assets, generally, aren’t securities. The determination applies as long as a crypto asset is backed by a stable currency such as the US dollar, a commodity like gold or a pool of other assets.
-
Ola Electric Counted Yet-to-Be Launched E-Motorbikes in Its February Sales
Ola told India’s Ministry of Road Transport and Highways in a March 21 letter that it added customer bookings for 10,866 third-generation e-scooters as well as 1,395 Roadster X motorcycles in its February sales record, citing them as “confirmed orders.” Roadster motorcycles have not been rolled out so far, while third-gen scooter deliveries b...
-
Amazon Submits Bid to Buy TikTok, Adding 11th Hour Intrigue to Acquisition Drama
Amazon.com became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion (roughly Rs. 5,13,272 crore).
-
India Tech Startups Worth $100 Billion Seen Seeking IPOs by 2027
More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the countrys top deal advisers to internet companies.
-
Nintendo Switch 2 Outlook by Goldman Sachs Drives Shares
Nintendo Switch 2 is expected to boost active users to record levels, according to Goldman Sachs, driving Nintendo Co. shares to a seven-month high. Set for an April 2 unveiling, the console aims to "unlock dormant users." Launching over seven years after the original Switch, anticipation has pushed Nintendo’s stock to all-time highs.
-
China’s DeepSeek Unveils Latest Update in Race With OpenAI
DeepSeek released updates to its V3 model. This update claims to address real-world challenges while setting benchmarks for accuracy and efficiency.
-
Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
-
UK, US Said to Hold Talks in Bid to Resolve Apple Encryption Feud
British officials privately met with US counterparts to address concerns about the UK pressuring Apple Inc. to create a backdoor for accessing Americans' encrypted data. These talks followed Apple's removal of its advanced encryption feature for cloud data in the UK, following a directive by authorities there requesting encryption circumvention to ...
-
Pokemon Go Owner Niantic Sells Gaming Business to Saudi Group for $3.5 Billion
Scopely has agreed to buy Niantic’s gaming business. The Niantic games business generated more than $1 billion (roughly Rs. 8,702 crore) in revenue from 30 million monthly active users last year, Scopely said.
-
Microsoft’s $13 Billion OpenAI Tie-Up Cleared by UK's Competition and Markets Authority
UK's Competition and Markets Authority said that the 2023 deal doesn’t qualify for a full investigation under merger rules. The decision, after around 14 months of scrutiny, removes one UK regulatory uncertainty for Microsoft, which faces a continued investigation into its cloud service offerings.
-
Bybit Hit by Crypto’s Worst Hack With Almost $1.5 Billion Stolen
Bybit said it was hacked, resulting in what analysts estimate was the loss of almost $1.5 billion (roughly Rs. 13,008 crore) worth of tokens. The Dubai-headquartered platform, which is not available in the US, had roughly $16.2 billion (roughly Rs. 1,40,489 crore) in assets on its exchange prior to being hacked.
-
Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Sam Altman Says 'No Thank You'
Elon Musk-led group of investors offered to purchase OpenAI's non-profit parent firm for $97.4 billion (roughly Rs. 8,46,576 crore). In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion (roughly Rs. 8,46,576 crore) if you want.
-
US SEC Gives Initial Approval to Combined Bitcoin, Ether ETF
The Bitwise Bitcoin and Ethereum ETF from Bitwise Asset Management would seek to provide investors with a balanced exposure to the two digital assets, weighted by their market capitalisation. The US regulator in a filing approved the so-called form 19b-4, one step in the overall process that would allow the product to start trading.
-
Microsoft Probing If DeepSeek-Linked Group Improperly Obtained OpenAI Data
Microsoft and OpeAI are checking if data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to DeepSeek. David Sacks, President Donald Trump’s artificial intelligence czar, said Tuesday there’s “substantial evidence” that DeepSeek leaned on the output of OpenAI’s models to help develop its own techn...
