Education on technology

Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion (roughly Rs. 1,23,000 crore), the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing. The tech titan has found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom and a major challenge by Microsoft on artificial intelligence. Its quarterly revenue came in at nearly $70 billion (roughly Rs. 5,73,700 crore), a billion better than expected by analysts, and in the same three-month period that the company said it would lay off 12,000 staff, or six percent of its workforce. Microsoft's results for the first three months of the year also pleased investors on Tuesday, lifted by its industry-leading business cloud products. The company founded by Bill Gates reported profit of $18.3 billion (roughly Rs. 15,000 crore) on revenue of $52.9 billion (roughly Rs. 4,33,500 crore...

The government plans to digitise over 3,100 crore documents as part of the phase-III of the e-Courts project which is likely to be formally launched soon, sources said on Tuesday. On the table is also a plan to set up solar power facilities for ensuring seamless availability of information communication (ICT) infrastructure at a cost of Rs. 229.50 crore. A total of 1,530 solar facilities would be installed as part of the project. The Department of Justice in the Union Law Ministry is coordinating the implementation of phase-III of the ambitious project. The sources said 3,108 crore documents, including legacy records and pending cases, would be digitised at a cost of Rs. 2038.40 crore in phase-III. The centrally-sponsored scheme with a timeline of four years was announced by Finance Minister Nirmala Sitharaman in her latest Budget speech. The financial outlay has been pegged at Rs. 7,210 crore. The phase-III of the e-Courts project envisions a judicial system that is more access...

Poco F5 is expected to launch in India soon. The phone was recently spotted on several certification sites, hinting at its imminent launch. The Poco F5, expected to succeed the Poco F4 , which launched in June 2022 in India, is expected to debut as a rebranded Redmi Note 12 Turbo . The Redmi phone launched in China earlier this year in March, and was also available in a special Harry Potter Edition. Although Poco hasn't providing any launch date for the phone yet, it is now confirmed that the Poco F5 will be powered by the Snapdragon 7+ Gen 2 SoC. Snapdragon (@Snapdragon_IN) confirmed in a tweet that its Snapdragon 7+ Gen 2 SoC will make its India debut through the upcoming Poco F5. This tweet was later quoted by Poco's India Head Himanshu Tandon (@Himanshu_POCO), who claimed that the Poco F5 will be the “most powerful” Poco smartphone ever. The most powerful POCO Smartphone ever! Brace yourselves for the all new #POCOF5 , the indisputable king of the segment. #ComingSoon...

From chatbots and virtual assistants to fraud detection and risk management, artificial intelligence (AI) is now being used in many areas of finance. But what could an AI system like ChatGPT do for your bank balance? AI tools might seem overly complex or expensive to non-experts, but advances in natural language processing and machine learning could turn ChatGPT and similar products into virtual personal finance assistants. This would mean having an expert on hand to help you make sense of the latest financial news and data. Staying on top of business news and financial market trends is important for making informed investment decisions and gaining an edge in the markets. Companies already use these tools to perform what finance professionals call “sentiment analysis”. This involves analysing financial news and statements to generate insights and predictions for investors about shares and other investments. For example, Morgan Stanley's AI models analyse a wide range of data – ...

Putting money on uncertain events amounts to wagering and the government's new rules bar online real money games that declare winners based on prediction of the unknown outcome, according to Additional Solicitor General N Venkataraman. Amid attempts by certain industry players to masquerade wagering as a game of skills in the wake of the new rules issued under the Information Technology (IT) Act , the government's senior law officer said that some states are making a mistake in trying to distinguish between a game of skill and a game of chance in the context of wagering. He also emphasised that the rules should be tested on the basis of the country's Constitution, statutory provisions and Supreme Court judgements. "The new rules notified by the Centre is very clear. There is no ambiguity. Our courts have held that wagering is illegal, and any business predicated on wagering is res extra commercium that is a thing outside commerce. Such businesses cannot be carried o...

Electric mobility startup Zypp Electric on Tuesday said it plans to deploy 1 lakh electric scooters in collaboration with Zomato for last-mile delivery by 2024. As part of the tie-up, Zypp will also provide delivery partners to Zomato for the last-mile deliveries in various cities across the country, Zypp said in a statement. The company said it currently has over 13,000 of its electric vehicles running on the roads as part of the sustainable transportation plan and added it is aiming to significantly reduce carbon emissions by up to 35 million kilograms. The target is to achieve more than 1 crore green deliveries through EVs by 2024, it stated. This association is part of a larger plan of Zomato to go completely electric by 2030, as part of its commitment to "The Climate Group's EV100" initiative, Zypp said. "Food delivery is all on two wheelers and is mostly running on petrol and at the same time wanting to shift to EVs to save costs. "By leveraging ou...

The officials of the Enforcement Directorate (ED) have raided HPZ Token and frozen around Rs. 92 crores. The raids were conducted in Gurugram, Mumbai, and Bengaluru on Monday. The HPZ Token was an App-Based Token that promised users significant gains against investment by investing in mining machines for Bitcoin and other cryptocurrencies , according to ED. The instant case was recorded based on FIR registered by Cyber Crime Police Station, Kohima, Nagaland, under various sections of IPC against HPZ token & others. The investigation unearthed larger conspiracy and involvement of various entities in money laundering. ED Investigation revealed that Lillian Technocab and Shigoo Technology were involved in the operation and collecting money from investors in the name of HPZ tokens. Further investigation revealed that Bhupesh Arora and his associates had control over Shigoo Technology Private Limited and he was indulged in operating unregistered gaming Apps/websites in this compan...