Spotify Technology on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of listeners each month would reach 572 million next quarter. After laying out plans last year to get 1 billion users by 2030 and to reach $100 billion (roughly Rs. 8,18,900 crore) in revenue annually, Spotify
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Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges – and the company formerly known as Twitter could face its
Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he’s been optimistic before. The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology, Musk added. The value of Tesla vehicles
Apple has strongly opposed a move by the British parliament to amend an act that would allow the government to order messaging services to weaken the encryption that protects their users. The Cupertino company said it will not compromise the end-to-end encryption that it offers to its iMessage users for one country. UK lawmakers are
Bengaluru-based AI tech support startup Saarthi.ai has fired some employees buckling under “investor pressure” to become profitable, and has allegedly withheld salaries of several employees since March 2023. While an employee took to a social media platform to claim that withholding of salaries has affected a substantial chunk of staff, the numbers could not be
Google is exploring using artificial intelligence tools to write news articles and is in talks with news organisations to use the tools to assist journalists, a company spokesperson said late on Wednesday. The spokesperson did not name the publishers, but the New York Times reported that Google has held discussions with the Washington Post, the
Microsoft on Tuesday said it would charge at least 53 percent more to access new artificial intelligence features in its widely used office software, in a glimpse at the windfall it hopes to reap from the technology. The company also said it would make a more secure version of its Bing search engine available immediately
Google said on Wednesday an Indian court’s directive ordering the company to charge a lower 4 percent in-app payment on Disney’s streaming service in the country was a temporary measure until the court proceedings play out. Disney in India has gone to court in what is the latest and most high-profile challenge to Google’s policy of
Handheld gaming consoles could be required to have replaceable batteries by 2027, under a new European Union law. Currently available devices like the Steam Deck, Nintendo Switch, and Asus Rog Ally won’t be affected, but any upcoming iterations of the same would be forced to be redesigned in a way that will allow users to
Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from US government agencies and other clients. The company said in a blog post that the hackers were able to use the key – which they acquired under undisclosed circumstances –
Right on cue, Tesla skeptics are pushing back after this year’s sizzling $500 billion (roughly Rs. 41,05,550 crore) rally. Rival automakers pouncing on booming demand for electric vehicles pose the biggest challenge for Tesla over the next two years just as Elon Musk appears distracted thanks to his high-profile ventures, from social media and space
Elon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to “understand the universe.” In an often meandering 90-minute long Twitter Spaces audio chat, the billionaire discussed his vision for xAI for the first time while veering into topics such as the Earth’s evolution and the fragility of civilisation.
Prime Minister Narendra Modi on Thursday said that India and France have agreed to use Unified Payments Interface (UPI) in this European nation, opening a huge new market for Indian innovation.Addressing the Indian community at the La Seine Musicale, a performing arts centre on an island in river Seine, Modi said very soon Indian tourists
China published measures on Thursday to manage its booming generative artificial intelligence (AI) industry, softening its tone from an earlier draft, and said regulators would seek to support development of the technology. The rules, set to take effect on August 15 and which Beijing described as “interim”, come after authorities signalled the end of their
Alphabet said it is rolling out its artificial- intelligence chatbot, Bard, in Europe and Brazil on Thursday, the product’s biggest expansion since its February launch and pitting it against Microsoft-backed rival ChatGPT. Bard and ChatGPT are human-sounding programs that use generative artificial intelligence to hold conversations with users and answer myriad prompts. The products have
Billionaire Elon Musk‘s xAI on Wednesday announced the formation of the artificial intelligence (AI) startup with the launch of its website, unveiling a team made up of engineers who have worked at companies from Alphabet-owned Google to Microsoft and OpenAI. The startup will be led by Musk, the CEO of Tesla and owner of Twitter,
Online gaming companies on Tuesday said that levying of 28 percent GST will limit their ability to invest in new games, impact cash flows as well as business expansion. The GST Council has agreed to impose a 28 percent tax on online gaming, casinos and horse racing. The tax would be levied on the full
iPhone 14 price in India is set to get a discount later this week, when the Amazon Prime Day 2023 sale kicks off. The e-commerce giant’s biggest sale of the year for its Prime subscribers is set to bring a range of deals, discounts, and sale offers on the latest smartphones and consumer electronics, including
WhatsApp is rolling out a feature to beta testers on Android with support for logging on to WhatsApp Web using a phone number. The platform currently requires users to scan a QR code with their smartphone in order to log on to the web version of the messaging service. After downloading the latest testing version
China has launched its first homegrown open-source operating system for computers, state media said on Thursday, as Beijing seeks to reduce its foreign dependence at a time of increased rivalry with the United States. The announcement of the new system came just before US Treasury Secretary Janet Yellen was due to land in Beijing on
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