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Binance Prevented $2.4 Billion in Losses in H1 2024, 45 Percent Were Linked to Scams: Report
Binance has reportedly managed to avert $2.4 billion (roughly Rs. 20,130 crore) in losses between January and July this year. Out of the total saved, withdrawals linked to suspected crypto scams made up over $1.1 billion (roughly Rs. 9,227 crore), which is about 45 percent of the total amount.
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GoPro to Cut 15 Percent of Workforce in Restructuring Push
GoPro has decided to cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan,
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Samsung Galaxy Z Flip 6 Price Leaked; Tipped to Be Pricier Than Galaxy Z Flip 5
Samsung usually unveils new foldables in the second half of the year and this year's second Galaxy Unpacked event is expected to take place on July 10. As we are inching towards the rumoured launch date, speculations surrounding the features and specifications of the Galaxy Z Fold 6 and Galaxy Z Flip 6 are heating up. As per a new leak, the startin...
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OpenAI Partners Up With Reddit to Bring Its Content to ChatGPT and New AI Products
OpenAI and Reddit have entered into a partnership which will see the artificial intelligence (AI) firm getting access to Reddit’s real-time data for ChatGPT and any new AI products the company launches in the future. Reddit will also be able to leverage OpenAI’s technology to bring AI-powered features to its platform. Notably, the social media ...
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Binance Plans to Get India Ban Revoked, Working on Compliance Mandates: Report
Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.
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Apple Negotiating Deals With Publishers to Train Generative AI Systems on News Content: Report
Apple is exploring deals with major news and publishing organisations in recent weeks, as the iPhone maker seeks permission to use material from their news archives to train its generative artificial intelligence systems, according to a report in the New York Times. The firm has reportedly floated multiyear deals worth at least $50 million (roughly...
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Web3 Gaming Market to Churn Over $614 Billion by 2030, Role Playing Games to Lead Sector: Report
The blockchain gaming market would be churning up to $614 billion (roughly Rs. 51,07,086 crore) in the next seven years, a report by Fortune Business Insights has forecasted. Dapper Labs, Sky Mavis, Animoca Brands, WAX, and Illuvium have been named in the report as key players in the global Web3 gaming market.
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Dell Forecasts Yearly Revenue to Reach Up to 91.5 Billion Amid AI Boom, Recovering Demand for PCs
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
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Blockchain Could Save Fintech Firms Billions as Sector Players Seek Improved Cross-Border Payments: Report
A Ripple survey has claimed that sticthing blockchain into the existing financial sector could save around $10 billion (roughly Rs. 82,252 crore) in the next seven years leading up to 2030. Out of the total respondents, 97 percent have expressed confidence that the blockchain technology has the potential of improving online payment services, especi...
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iPhone 15 Pro Models May Cost Up to $200 More Than iPhone 14 Pro Variants: Report
iPhone 15 Pro models will reportedly come with a higher price tag than the ongoing models. The iPhone 15 Pro will reportedly cost up to $100 (roughly Rs. 8,000) more than the iPhone 14 Pro whereas the iPhone 15 Pro Max could see a price hike of $100 to $200 (roughly Rs. 26,000) more than the iPhone 14 Pro Max. Pricing would remain similar for the s...
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Foxconn Subsidiary in Talks to Set Up $200 Million Components Plant in Tamil Nadu: Report
Foxconn Industrial Internet (FII) is reportedly in talks with Tamil Nadu state to invest up to $200 million (roughly Rs. 1,638 crore) to build a new plant for electronic components in the southern region. Brand Cheng, CEO of FII, and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments...
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Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).
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Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
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ChatGPT-Maker OpenAI to Offer Users Up to $20,000 for Reporting Bugs in Its AI Systems
OpenAI, the firm behind chatbot sensation ChatGPT, said on Tuesday that it would offer up to $20,000 (roughly Rs. 16.4 lakhs) to users reporting vulnerabilities in its artificial intelligence systems.
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Mahindra in Talks to Raise Up to $1.3 Billion for EV Unit Expansion, Plans to Sell Shares: Report
Indian automaker Mahindra and Mahindra is in advanced talks with global investors to raise between $1 billion (roughly Rs. 8,264 crores) and 1.3 billion (roughly Rs. 10,744 crores) to accelerate the expansion of its electric vehicle unit, Mint reported on Wednesday.
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Binance Prevented $2.4 Billion in Losses in H1 2024, 45 Percent Were Linked to Scams: Report
Binance has reportedly managed to avert $2.4 billion (roughly Rs. 20,130 crore) in losses between January and July this year. Out of the total saved, withdrawals linked to suspected crypto scams made up over $1.1 billion (roughly Rs. 9,227 crore), which is about 45 percent of the total amount.
-
GoPro to Cut 15 Percent of Workforce in Restructuring Push
GoPro has decided to cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating expenses. The company expects to take charges in the range of $5 million (roughly Rs. 41.8 lakh) to $7 million (roughly Rs. 58.6 lakh) for the restructuring plan,
-
Samsung Galaxy Z Flip 6 Price Leaked; Tipped to Be Pricier Than Galaxy Z Flip 5
Samsung usually unveils new foldables in the second half of the year and this year's second Galaxy Unpacked event is expected to take place on July 10. As we are inching towards the rumoured launch date, speculations surrounding the features and specifications of the Galaxy Z Fold 6 and Galaxy Z Flip 6 are heating up. As per a new leak, the startin...
-
OpenAI Partners Up With Reddit to Bring Its Content to ChatGPT and New AI Products
OpenAI and Reddit have entered into a partnership which will see the artificial intelligence (AI) firm getting access to Reddit’s real-time data for ChatGPT and any new AI products the company launches in the future. Reddit will also be able to leverage OpenAI’s technology to bring AI-powered features to its platform. Notably, the social media ...
-
Binance Plans to Get India Ban Revoked, Working on Compliance Mandates: Report
Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.
-
Apple Negotiating Deals With Publishers to Train Generative AI Systems on News Content: Report
Apple is exploring deals with major news and publishing organisations in recent weeks, as the iPhone maker seeks permission to use material from their news archives to train its generative artificial intelligence systems, according to a report in the New York Times. The firm has reportedly floated multiyear deals worth at least $50 million (roughly...
-
Web3 Gaming Market to Churn Over $614 Billion by 2030, Role Playing Games to Lead Sector: Report
The blockchain gaming market would be churning up to $614 billion (roughly Rs. 51,07,086 crore) in the next seven years, a report by Fortune Business Insights has forecasted. Dapper Labs, Sky Mavis, Animoca Brands, WAX, and Illuvium have been named in the report as key players in the global Web3 gaming market.
-
Dell Forecasts Yearly Revenue to Reach Up to 91.5 Billion Amid AI Boom, Recovering Demand for PCs
Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing demand for computer hardware and server products after a months-long slump.
-
Blockchain Could Save Fintech Firms Billions as Sector Players Seek Improved Cross-Border Payments: Report
A Ripple survey has claimed that sticthing blockchain into the existing financial sector could save around $10 billion (roughly Rs. 82,252 crore) in the next seven years leading up to 2030. Out of the total respondents, 97 percent have expressed confidence that the blockchain technology has the potential of improving online payment services, especi...
-
iPhone 15 Pro Models May Cost Up to $200 More Than iPhone 14 Pro Variants: Report
iPhone 15 Pro models will reportedly come with a higher price tag than the ongoing models. The iPhone 15 Pro will reportedly cost up to $100 (roughly Rs. 8,000) more than the iPhone 14 Pro whereas the iPhone 15 Pro Max could see a price hike of $100 to $200 (roughly Rs. 26,000) more than the iPhone 14 Pro Max. Pricing would remain similar for the s...
-
Foxconn Subsidiary in Talks to Set Up $200 Million Components Plant in Tamil Nadu: Report
Foxconn Industrial Internet (FII) is reportedly in talks with Tamil Nadu state to invest up to $200 million (roughly Rs. 1,638 crore) to build a new plant for electronic components in the southern region. Brand Cheng, CEO of FII, and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments...
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Tesla's Second-Quarter Profit Jumps 20 Percent as Price Cuts Lead to Record Car Sales
Tesla reported a jump in second-quarter profits Wednesday as a series of price cuts translated into sharply higher car sales. The EV manufacturer reported profits of $2.7 billion (roughly Rs. 22,156 crore), up 20 percent on the year-ago level. Revenues surged 47 percent to $24.9 billion (roughly Rs. 2,04,334 crore).
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Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
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ChatGPT-Maker OpenAI to Offer Users Up to $20,000 for Reporting Bugs in Its AI Systems
OpenAI, the firm behind chatbot sensation ChatGPT, said on Tuesday that it would offer up to $20,000 (roughly Rs. 16.4 lakhs) to users reporting vulnerabilities in its artificial intelligence systems.
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Mahindra in Talks to Raise Up to $1.3 Billion for EV Unit Expansion, Plans to Sell Shares: Report
Indian automaker Mahindra and Mahindra is in advanced talks with global investors to raise between $1 billion (roughly Rs. 8,264 crores) and 1.3 billion (roughly Rs. 10,744 crores) to accelerate the expansion of its electric vehicle unit, Mint reported on Wednesday.
