Page 108 - Technology

Being fintech or tech firm doesn't absolve it of regulatory oversight: MoS

A sectoral regulator has absolute authority to regulate every firm that is a regulated entity within the sector, he said

Affle Q3 results: Net profit up 11% at Rs 76.8 cr, revenue increases by 33%

Tech company Affle on Saturday reported an 11.36 per cent increase in its consolidated net profit to Rs 76.81 crore for the October-December quarter of 2023-24 compared to Rs 68.97 crore in the year-ago period. The company's revenue from operations rose to Rs 498.70 crore in the third quarter (Q3) of FY24 from Rs 376.06 crore in Q3 of FY23, translating into a 32.61 per cent hike, a statement said. The company said that its Earning Before Interest Tax Depreciation and Amortisation (EBITDA) stood at Rs 96.7 crore in the quarter, up by 20.3 per cent year-on-year. Anuj Khanna Sohum, MD and CEO, Affle, said, "In Q3 FY2024, we have further raised our performance bar having achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. "We continue to witness a robust market opportunity as advertisers steadily accelerate their digital spending, resulting in a broad-based growth in our CPCU business, coming across our top industry verticals ...

TVS Motor reiterates commitment to invest Rs 5,000 crore on future tech

TVS Motor Company on Saturday reiterated its commitment to invest Rs 5,000 crore towards design, development, and deployment of future technologies across products. "Our core is engineering and R&D, and this is driven by over 2,000 engineers backed by solid design and development capability. Our vision is to transform the quality of life of our customers, and redefine the future of mobility with technology, connectivity, and cutting-edge design," TVS Motor Company MD Sudarshan Venu said in a statement. TVS Motor Company, which operates in the two- and three-wheeler segments, exports close to 30 per cent of its annual volume, and has a presence in 80 countries. With focus on clean, connected, and technologically advanced mobility solutions, it aims to take its exports share to 50 per cent in the next few years.

Generative AI's biggest impact could be felt in banking and technology

New research suggests that generative AI will have its biggest impact on white-collar workers with high-paying jobs in industries like banking and tech.

Vision Pro VR headset to debut with over 600 dedicated apps, says Apple

Apple's chief Tim Cook posted on X (formerly Twitter) that the Vision Pro will launch with more than a million apps, including 600 apps made specifically for it

Google adds Image generator and more to AI-chatbot Bard: Know details

Google is also adding experimental generative AI features for Google Maps in the US, global roll-out expected in the coming months

Tim Cook confirms Apple AI integration coming later this year: Report

Apple will likely overhaul iOS for iPhone by integrating generative artificial intelligence at the operating system level

Defence Budget 2024: Rs 6.21 trn allocated, ambitious tech scheme announced

In the capital outlay for defence services, Rs 40,777 crore has been set aside for aircraft and aero engines while an amount of Rs 62,343 crore was allocated for "other equipment"

Tata, Israel's Tower Semiconductor among bidders for SCL Mohali revamp: Rpt

To enable SCL to manufacture modern chips, starting with 40 and 65 nm chips, the IT ministry had earmarked $1 billion for its modernisation

Apple extends agreement with Qualcomm for 5G modem chips until 2027: Report

Apple has been working on producing in-house modem chips, but has faced multiple challenges in the process

GPT-4 poses little risk of in creation of bioweapons, says OpenAI

For months, lawmakers and even some tech executives have raised concerns about whether AI can make it easier for bad actors to develop biological weapons

Nasdaq planning to cut hundreds of jobs amid integration of Adenza

Nasdaq is considering cutting some positions and may reallocate others in a bid to minimize redundancies, according to people familiar with the matter

Dixon Technologies Q3 results: Profit rises 86% on electronics boom

Dixon's consolidated profit climbed to 964.4 million rupees ($11.62 million) for the three months ended Dec. 31 from 519.1 million rupees a year earlier, according to an exchange filing

India embraces data privacy with DPDP Act, experts await detailed rules

Amid rising cyber threats, DPDP Act marks a pivotal step in data privacy management, with stakeholders eager for comprehensive guidelines

ChatGPT violated European privacy laws, Italy tells chatbot maker OpenAI

Italian regulators said they told OpenAI that its ChatGPT artificial intelligence chatbot has violated European Union's stringent data privacy rules. The country's data protection authority, known as Garante, said on Monday that it notified San Francisco-based OpenAI of breaches of the EU rules, known as General Data Protection Regulation. The watchdog started investigating ChatGPT last year, when it temporarily banned within Italy the chatbot that can produce text, images and sound in response to users' questions. Based on the results of its fact-finding activity," the watchdog said it concluded that the available evidence pointed to the existence of breaches of the provisions in the EU privacy rules. OpenAI has 30 days to reply to the allegations. It didn't respond immediately to a request for comment. The company said last year that it fulfilled a raft of conditions that the Garante demanded to get the ChatGPT ban lifted. The watchdog had imposed the ban after finding that some

Sun Life goes big on GenAI and emerging tech to drive client excellence

Generative Artificial Intelligence (GenAI) provides huge opportunity in the financial services space, and as a leading global player Sun Life is actively engaged in developing such tools that are beneficial for both clients and employees, company's Chief Information and Technology Innovation Officer Laura Money said. With an Asset Under Management (AUM) of USD 1.3 trillion, nearly one-third of India's GDP, the Canada-based life insurer and asset manager is also engaged in GenAI tools for achieving greater efficiency in asset management. In India, Sun Life has established its footprint through its Global Capability Centre Sun Life Global Solutions (SLGS), its joint ventures with Aditya Birla Group--Aditya Birla Sun Life Insurance and Aditya Birla Sun Life Mutual Fund. We are experimenting with several GenAI projects and balancing this with risk management measures to ensure we safely explore AI-led innovation. We're testing ways in which GenAI can help augment the way our employees

Step in wrong direction: Xbox president on Apple proposed changes in EU

Spotify and Mozilla also raised their concerns with regard to the changes that Apple recently announced to comply with the EU's DMA

OnePlus 12 goes on sale today at 12 pm: Know price and introductory offers

The OnePlus 12 smartphone will be available online on Amazon India and OnePlus e-store, and at retail stores such as OnePlus Experience stores, Reliance Digital, and Croma

Nvidia's Big Tech rivals put their own AI chips on the table: Report

The AI chip market is projected to more than double by 2027, to roughly $140 billion, according to the research firm Gartner

Pentagon plans AI-based program to estimate prices for critical minerals

The program, which received little attention after it was announced on a Pentagon website in October, is part of Washington's broader efforts to jumpstart U.S. production of critical minerals