Chip-maker Advanced Micro Devices, Inc. (AMD) said that the latest Windows 11 operating system may reduce the gaming performance of its Ryzen motherboard by 10 to 15% as the OS does not utilize AMD’s preferred core. AMD posted a support note on its website stating that the new Windows OS will triple the L3 cache … Read more
Thousands of employees of Oravel Stays Pvt. Ltd, the operator of the Oyo hotel aggregator platform, are set to make a windfall as the company proceeds with its planned public listing. Oyo is expected to create a total wealth of about $668 million (about ₹5,000 crore) for its employees based on a post-IPO valuation of … Read more
Peter Thiel and Mark Zuckerberg have known each other since 2004, when Thiel became Facebook’s first major investor. Zuckerberg saw Thiel as a mentor, but those inside the company say he became increasingly dependent on Thiel. A new biography reveals details around Thiel’s influence on Zuckerberg and their roles in the 2020 election. See more … Read more
Swiggy is finalising a new financing round of about $500-600 million that is likely to be led by US asset manager Invesco, according to three people aware of the matter. The exercise is likely to catapult the valuation of the online food delivery company to as much as $10 billion, which is double the valuation … Read more
Robinhood Markets Inc is testing new crypto wallet and cryptocurrency transfer features for its app which would allow customers to send and receive digital currencies such as bitcoin, Bloomberg News reported on Monday. A beta version of its iPhone app showed the company’s work on such features, the report said. There was also a hidden … Read more
Facebook’s impact on a planet where nearly half the people alive use its product has reportedly become a point of contention among the company’s leadership. A meeting of Facebook leaders in early September focused on “whether Facebook has gotten too big,” and that the general tone was, “We created the machine and we can’t control … Read more
Tata Consultancy Services () is focusing on growth and transformation to expand revenue from existing clients by offering them more services, chief executive Rajesh Gopinathan told ET’s Raghu Krishnan and Bodhisatva Ganguli in an interview, as he draws up a plan for the next five years at the helm. Excerpts: TCS has an outsize influence … Read more
Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing, said the … Read more
Freshworks Inc., one of the country’s best-known software product startups, has kickstarted the process for an initial public offering (IPO) in the United States, buoyed by a surge in customer signups and revenue in recent months. On Friday, the San Mateo-based startup, which was founded in Chennai, filed its application with the US Securities and … Read more