IT services company Infosys said on Friday that it was cooperating with an Australian government investigation into ‘tainted contracts’. The software major has also reportedly cut off ties with lobbying firm Synergy 360 – which was reportedly paid $16 million over 5 years to help Infosys grow its business in Australia. An investigation was launched … Read more
E-commerce giant Amazon has started testing the use of AI to summarize product reviews. Amazon seems to be doing a limited rollout of the feature that is appearing only in some listings. Such product review summaries could be useful in guiding customers toward newer reviews, per an Amazon marketing agency CTO. AI has truly … Read more
One way to see how private companies are faring is to look at secondary exchanges. The fallen giants are led by former fintech darling Plaid, which has plunged almost 80% in 2023. Buyers who had been sitting on the sidelines are eager to snap up bargains in battered startups. While investors can measure the value … Read more
The metaverse has a loneliness problem. Mark Zuckerberg says Apple’s new headset will make everyone lonelier. But even Meta’s headset is, in the end, someone sitting alone on a couch too. Mark Zuckerberg’s verdict on Apple’s new mixed-reality headset is in: It’s lonesome. “Every demo that they showed was a person sitting on a couch … Read more
Apple recently, at Worldwide Developers Conference 2023, launched its first major product in a while, since 2014: Vision Pro. Alongside, Vision Pro, the Cupetino’s tech giant showcases several products in the line-up including MacBook Air 15”, M2 Max and M2 Ultra powered Mac Studio and Mac Pro. Apple Vision Pro was long-rumored and now it’s … Read more
One thing that pops up no matter where you look is the Pareto distribution. It’s a probability model that’s also been dubbed the 80-20 rule, and it illustrates how a tiny number of causes are responsible for the lion’s share of effects. For example, it’s like how the top 20% of sales people produce 80% … Read more
LinkedIn co-founder Reid Hoffman said he will continue to be positive about the benefits he sees in AI. Hoffman is part of venture capital firm, Greylock Partners, which has invested in dozens of AI companies. He told the New York Times in a recent interview that concerns from other tech executives like Elon Musk are … Read more
5Paisa has demoted the current CEO, Prakarsh Gagdani to the position of Chief Business Officer (CBO) w.e.f. May 25, 2023. He will however continue to be the Whole-time Director of the Company. Prakarsh was the CEO since October 2015 i.e., the inception. Reason for this change seems to be only to make way for the … Read more
Tech stocks are the one bright spot in the market, DataTrek’s Nicholas Colas said. Tech names in the S&P 500 have beat the overall index this year, gaining 27% since January. “Big Tech is essentially the only game in town at the moment,” Colas said in a note. Big tech stocks are the one bright … Read more