Sector: IT
How Donald Trump may have helped Google in its biggest acquisition ever of Wiz for $32 billion
\Google’s massive $32 billion acquisition of cybersecurity firm Wiz gained significant momentum after Donald Trump’s presidential inauguration in January, with executives from both companies accelerating negotiations amid expectations of a more favorable regulatory environment under the new administration. According to Reuters reporting, Google not only sweetened its original $23 billion offer from July to $32 … Read more
Paytm’s parent receives notice for FEMA violations
As is typical of many new age startups, one more notice for violations. The Enforcement Directorate (ED) has issued a show-cause notice to the parent company and two subsidiary companies of Paytm for allegedly violating provisions of the Foreign Exchange Management Act (FEMA). Notice is to the parent One 97 Communication limited (OCL), it’s managing … Read more
Uber auto goes subscription-based: No more commissions, cash-only rides
Ride-hailing giant Uber has announced a significant change in its operational model for auto drivers in India, shifting from a commission-based system to a Software-as-a-Service (SaaS) subscription model. As part of this transition, all auto rides booked via the Uber app will now be cash-only, effective from 18 February. A notification on the Uber app … Read more
AI takes the wheel in driving innovation across India’s services sector, highlights Economic Survey
The Economic Survey 2024-25 highlighted the accelerating adoption of artificial intelligence in India’s services sector, with major strides being made in banking, finance, healthcare, telecom, retail, and transport. The report, prepared by the Chief Economic Advisor to the Finance Ministry, stated that the services sector stands out for its swift embrace of AI, thanks to … Read more
Facebook owner Meta reports blockbuster Q4 numbers, earns massive $20.8 billion in profits; here’s what Mark Zuckerberg said
The parent company of Facebook and Instagram, Meta Platforms Inc posted blockbuster fourth-quarter results but cautioned that its capital expenditures will increase in 2025, as per reports. The capital expenditure is expected to rise due to its investment in generative AI technology. Financial results Meta’s net income rose 21% in the fourth quarter to $20.8 … Read more
DeepSeek AI: As the world is blown away by Chinese AI titan DeepSeek’s potential, users on social media say, ‘Goodbye ChatGPT’
Social media users are claiming that the glory days of ChatGPT are soon going to be over looking at the fact that its new competition in the market, DeepSeek R1, is already blowing everyone’s minds. Such is the craze over DeepSeek, it has resulted in a major disturbance around tech stocks in the US stock … Read more
‘They don’t have the money’: Elon Musk reacts to ChatGPT maker’s $500 billion infrastructure project announcement
ChatGPT maker OpenAI, led by Sam Altman, has announced “Stargate,” a $500 billion project aimed at building new AI infrastructure in the US over the next four years. This initiative, backed by SoftBank, Oracle, and MGX, plans to immediately deploy $100 billion. OpenAI claims Stargate will solidify American AI leadership, generate jobs and economic benefits, … Read more