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Xiaomi SU7 Price Teased by CEO Lei Jun Ahead of Official Launch
Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start takin...
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Semiconductor Firms to Get 50 Percent Financial Assistance for Setting Up Manufacturing Unit in India: PM Modi
Technology firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries.
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Oppo, OnePlus or Realme Could Offer Smartphones With Up to 24GB RAM Soon: All Details
Smartphones with up to 24GB of LPDDR5X RAM are said to be in the works. According to a tipster, Oppo, OnePlus, and Realme have started popularising smartphones with large onboard memory. New flagship handsets by these firms are said to come with a minimum of 16GB RAM and up to 24GB of RAM in the top variant.
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Meta to Work on ChatGPT-Like Generative Artificial Intelligence, Will Explore AI Tools for WhatsApp, Instagram
Meta is forming a new top-level product group focused on ChatGPT-like generative artificial intelligence (AI), Chief Executive Mark Zuckerberg said on Monday, as the AI race among Big Tech firms heats up. "We're starting by pulling together a lot of the teams working on generative AI across the company into one group focused on building delightful ...
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Microsoft Announces Further Multibillion Dollar Investment in OpenAI as Competition Heats Up
Microsoft on Monday announced that it would make a further multibillion dollar investment in OpenAI, the startup behind ChatGPT, and building on a bet it made on ther firm nearly four years ago, when it dedicated $1 billion (roughly Rs. 8,200 crore) to OpenAI.
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Pinterest Posts Slowest Quarterly Growth in Nearly 2 Years, as Inflation Curbs Advertiser Spending
Pinterest on Thursday reported that its quarterly revenue grew 8 percent, its slowest quarterly growth in nearly two years. As ad spending dries up due to decades-high inflation, big tech firms like Alphabet, Meta, and Snap have started to compete for advertising business. Meanwhile, Pinterest's global monthly active users (MAUs) remained flat at 4...
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Udaan Starts Multiple Deliveries Per Day For Pharmacies In Six Cities
Lightspeed Venture Partners-backed B2B e-commerce firm Udaan has started delivering stocks to pharmacies four times a day across six cities and plans to scale up the service to other places after six to eight months, the company said on Thursday.
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Apple Said to Drop Plans to Increase iPhone 14 Series Production Amid Faltering Demand
Apple is said to have dropped plans to ramp up production of its new iPhone 14 models, according to a report by Bloomberg that cites sources familiar with the company's decision. The firm had reportedly told suppliers to increase assembly of the newly launched iPhone 14 lineup by 6 million units in H2 2022, but has now adjusted its plans to produce...
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Shopify Lays Off 10 Percent Staff as Shopping Boom Fades Post COVID Pandemic
Shopify has decided to lay off 10 percent employees, as the shopping boom that started in COVID pandemic has started to fade gradually. Shopify has also become one among the US tech firms, including Amazon and Facebook, that are experiencing paused hirings or staff cut.
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Google Cloud to Adopt Arm-Based Ampere Chips, Increasing Pressure on AMD, Intel
Google Cloud will start to adopt Arm-based computing chips, joining a transition that takes away market share from leaders Intel and Advanced Micro Devices (AMD). The company said its new offering will be based on Ampere's "Altra" chips. Ampere is a chip firm founded by former Intel executives and boasts clients such as Microsoft and Oracle.
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Italy's Government to Provide Subsidies of Up to $46 Million for Blockchain Companies
The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million (roughly Rs. 364 crore) in government subsidies starting from September.
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Five9 Plans to Expand in Europe With 2 Data Centres, Relocates Russian Staff to Portugal
Five9 is looking forward to expand operation in Europe, starting with setting up two data centres. Five9 is the US call centre software firm whose shareholders spurned a merger with Zoom last year.
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Palantir to Take Bitcoin as Payment, Mulls Betting on Cryptocurrencies
Palantir has started accepting payment in Bitcoin and is considering investing in cryptocurrencies, the US analytics provider disclosed, the latest firm to pivot to digital currencies that are gaining wider mainstream acceptance.
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Novavax Starts COVID-19 Vaccine Trials On Children Aged Between 12-17 Years
US biotech firm Novavax said Monday it had started clinical trials of its proposed Covid-19 vaccine on children, in a program that will involve up to 3,000 adolescents aged 12-17.
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Samsung Galaxy S21 Ultra 5G Bill of Materials Costs 7 Percent Less to Make Than Galaxy S20 Ultra 5G: Counterpoint
Samsung Galaxy S21 Ultra 5G (mmWave, Snapdragon 888-model) smartphone material cost is said to be 7 percent lower than the Galaxy S20 Ultra 5G, as per a report by research firm Counterpoint.
-
Xiaomi SU7 Price Teased by CEO Lei Jun Ahead of Official Launch
Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start takin...
-
Semiconductor Firms to Get 50 Percent Financial Assistance for Setting Up Manufacturing Unit in India: PM Modi
Technology firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facility the country, Prime Minister Narendra Modi said on Friday, as he announced that his government has rolled out the red carpet for semiconductor industries.
-
Oppo, OnePlus or Realme Could Offer Smartphones With Up to 24GB RAM Soon: All Details
Smartphones with up to 24GB of LPDDR5X RAM are said to be in the works. According to a tipster, Oppo, OnePlus, and Realme have started popularising smartphones with large onboard memory. New flagship handsets by these firms are said to come with a minimum of 16GB RAM and up to 24GB of RAM in the top variant.
-
Meta to Work on ChatGPT-Like Generative Artificial Intelligence, Will Explore AI Tools for WhatsApp, Instagram
Meta is forming a new top-level product group focused on ChatGPT-like generative artificial intelligence (AI), Chief Executive Mark Zuckerberg said on Monday, as the AI race among Big Tech firms heats up. "We're starting by pulling together a lot of the teams working on generative AI across the company into one group focused on building delightful ...
-
Microsoft Announces Further Multibillion Dollar Investment in OpenAI as Competition Heats Up
Microsoft on Monday announced that it would make a further multibillion dollar investment in OpenAI, the startup behind ChatGPT, and building on a bet it made on ther firm nearly four years ago, when it dedicated $1 billion (roughly Rs. 8,200 crore) to OpenAI.
-
Pinterest Posts Slowest Quarterly Growth in Nearly 2 Years, as Inflation Curbs Advertiser Spending
Pinterest on Thursday reported that its quarterly revenue grew 8 percent, its slowest quarterly growth in nearly two years. As ad spending dries up due to decades-high inflation, big tech firms like Alphabet, Meta, and Snap have started to compete for advertising business. Meanwhile, Pinterest's global monthly active users (MAUs) remained flat at 4...
-
Udaan Starts Multiple Deliveries Per Day For Pharmacies In Six Cities
Lightspeed Venture Partners-backed B2B e-commerce firm Udaan has started delivering stocks to pharmacies four times a day across six cities and plans to scale up the service to other places after six to eight months, the company said on Thursday.
-
Apple Said to Drop Plans to Increase iPhone 14 Series Production Amid Faltering Demand
Apple is said to have dropped plans to ramp up production of its new iPhone 14 models, according to a report by Bloomberg that cites sources familiar with the company's decision. The firm had reportedly told suppliers to increase assembly of the newly launched iPhone 14 lineup by 6 million units in H2 2022, but has now adjusted its plans to produce...
-
Shopify Lays Off 10 Percent Staff as Shopping Boom Fades Post COVID Pandemic
Shopify has decided to lay off 10 percent employees, as the shopping boom that started in COVID pandemic has started to fade gradually. Shopify has also become one among the US tech firms, including Amazon and Facebook, that are experiencing paused hirings or staff cut.
-
Google Cloud to Adopt Arm-Based Ampere Chips, Increasing Pressure on AMD, Intel
Google Cloud will start to adopt Arm-based computing chips, joining a transition that takes away market share from leaders Intel and Advanced Micro Devices (AMD). The company said its new offering will be based on Ampere's "Altra" chips. Ampere is a chip firm founded by former Intel executives and boasts clients such as Microsoft and Oracle.
-
Italy's Government to Provide Subsidies of Up to $46 Million for Blockchain Companies
The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million (roughly Rs. 364 crore) in government subsidies starting from September.
-
Five9 Plans to Expand in Europe With 2 Data Centres, Relocates Russian Staff to Portugal
Five9 is looking forward to expand operation in Europe, starting with setting up two data centres. Five9 is the US call centre software firm whose shareholders spurned a merger with Zoom last year.
-
Palantir to Take Bitcoin as Payment, Mulls Betting on Cryptocurrencies
Palantir has started accepting payment in Bitcoin and is considering investing in cryptocurrencies, the US analytics provider disclosed, the latest firm to pivot to digital currencies that are gaining wider mainstream acceptance.
-
Novavax Starts COVID-19 Vaccine Trials On Children Aged Between 12-17 Years
US biotech firm Novavax said Monday it had started clinical trials of its proposed Covid-19 vaccine on children, in a program that will involve up to 3,000 adolescents aged 12-17.
-
Samsung Galaxy S21 Ultra 5G Bill of Materials Costs 7 Percent Less to Make Than Galaxy S20 Ultra 5G: Counterpoint
Samsung Galaxy S21 Ultra 5G (mmWave, Snapdragon 888-model) smartphone material cost is said to be 7 percent lower than the Galaxy S20 Ultra 5G, as per a report by research firm Counterpoint.
