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1Point1 Solutions, a provider of AI-led business process management (BPM) solutions on Monday announced it is acquiring Costa Ricaheadquartered Netcom Business Contact Center for USD 33.37 million transaction value. The acquisition is targeted for completion by March 31, 2026. The total transaction value for the acquisition of 100 per cent ownership is USD 33.37 million, comprising an upfront payment of USD 25.41 million and an estimated earn-out of USD 8.25 million, subject to post-closing adjustments linked to EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) performance and excess working capital, according to a release. Additional transaction-related costs are estimated at about USD 1 million. "The acquisition is expected to nearly double 1Point1's FY' 27 topline marking a significant step in advancing the company's inorganic growth strategy," it said. It aims to accelerate company's evolution into high-growth global organisation, while deepening domain
The Maharashtra government will set up a media monitoring centre to analyse news content of the print, electronic and digital media, and has allocated a budget of Rs 10 crore for the purpose. The centre will collect and analyse all factual and misleading news reports in print and broadcast media, and prepare a factual report, according to a government resolution (GR) published on Wednesday. If there is a misleading news, it will be clarified in real-time. If there is a negative news, clarification will be given expeditiously, it said. The requirement for the centre was felt because of the growth of publications, channels and digital platforms, and there was a need for monitoring under one umbrella how the news related to government schemes, policies is given, the government order said. The centre, to work from 8 am to 10 pm every day, will be handled by the Directorate of Information and Publicity. The government has given the administrative and financial approval for setting up t
Apple is suspending an error-prone feature that used artificial intelligence to deliver bogus news alerts to some iPhone owners. The decision was disclosed Thursday as part of a test version for the next software release, iOS 18.3. The beta version is only available to a relatively small group of iPhone users and developers, but the same features are usually released in an update available to all users several weeks after the testing begins. In the beta update, Apple said it is disabling the AI-generated feature for news and entertainment while it tries to fix the issue causing the technology to fabricate information a problem often described as hallucinations within the industry. Similar software updates for Apple's iPad and Mac computers are also in a testing phase. Even if it is just temporary, the suspension represents a blow to Apple's efforts to bring AI to the iPhone and its other products. The push began in earnest last September with the debut of the iPhone 16, which is ..