Education on technology

Apple's main supplier, Foxconn Technology Group , plans to increase its investments to more than $1.2 billion (roughly Rs. 9,877 crore) in southern India's Karnataka state and add two component factories there, expanding a steady diversification from China to mitigate the risks of US economic and technology sanctions. At least one of the factories that the Taiwanese company plans to construct in Karnataka will produce Apple parts, including for iPhones, people familiar with the matter said. A formal announcement is expected as early as this week, the people said, declining to be named as the matter isn't public. The second plant will also be in Karnataka, but their exact location has yet to be decided. Foxconn is spending $500 million (roughly Rs. 4,115 crore) on these two complexes on top of a $700 million (roughly Rs. 5,760 crore) facility it aims to build on a 300-acre site close to the airport in Bengaluru, the capital of Karnataka, Bloomberg News previously reported...

The native token of one of crypto's top decentralized exchanges tumbled after the platform said it had been “exploited” as a result of a vulnerability in a programming language. Curve Finance , like other decentralized finance projects in crypto , relies on different kinds of software built on top of blockchain technology. A glitch in a particular version of Vyper — a programming language similar to Python and widely used in DeFi applications — led to the exploit, Curve tweeted Sunday. Curve Finance's CRV token has shed about 13 percent since the problem emerged and was trading at approximately 64 US cents as of 12:50pm in Singapore on Monday, according to data compiled by Bloomberg. BlockSec, which provides security audit services for crypto software, estimated the hack had already led to more than $40 million (roughly Rs. 329 crore) in losses. Tarun Chitra, chief executive officer and founder of crypto risk modeling firm Gauntlet, estimated the exploiter made away with ab...

Advertisers and businesses will now be able to auto-generate advertisements on Google Ads platform, said Dan Taylor, vice president of global ads at Google. Using Large Language Models (LLMs) and generative artificial intelligence (Gen AI), Google Ads will be able to create campaign workflows based on business prompts given by marketers. "It learns from the advertisers' landing pages, queries that are performing well and headlines that they've already approved to create entirely new creatives," he said during his recent India visit. According to a McKinsey study, marketing and sales have the biggest reported revenue effects of AI . Taylor spoke about Gen AI tools introduced during Google I/O held on May 10 this year for marketers and advertisers like Performance Max, and how brands like Myntra, Samsung, HDFC, and Tata AIG saw up to 18 per cent higher conversions by adding AI to their marketing mix. Performance Max combines Google's AI technologies across b...

The blockchain technology could help the global fintech sector gain financially, as well as give it a much-needed refreshment in the coming years. Implementing the distributed ledger technology, that is blockchain, into the existing financial sector could save around $10 billion (roughly Rs. 82,252 crore) in the next seven years. The finding was published as an outcome of a survey, that was conducted by Ripple in partnership with the US Faster Payments Council (FPC). A total of 300 finance-related professionals from around 45 nations were surveyed by Ripple and the FPC. The participants included financial analysts, company CEOs, and fintech directors. Out of the total respondents, 97 percent have expressed confidence that the blockchain technology has the potential of improving online payment services, especially for the processing of international transfers. At present, the report says, people linked to the finance sector are dissatisfied with legacy rails for cross-border payments...

Samsung Galaxy S24 series is said to be in the works as the company's flagship series for 2024. The smartphone family that is expected to include three models —Galaxy S24, Galaxy S24+, and Galaxy S24 Ultra—is expected to go official early next year, but ahead of it, multiple rumours have started floating around the smartphones. Samsung might use new stronger frames instead of aluminium with the Galaxy S24 lineup, according to a tipster. Meanwhile, the Galaxy S24+ is tipped to feature a 6.65-inch display, which is an upgrade over its predecessor, the Galaxy S23+. Tipster Ice Universe (@UniverseIce) through a cryptic tweet suggested that Samsung will use titanium frames in the Galaxy S24 series. The previous models feature an aluminium chassis, including the Galaxy S23 lineup. Apple is also expected to build the next flagship phones with a titanium frame. The iPhone 15 Pro and iPhone 15 Pro Max are rumoured to sport titanium frames. In another tweet , the tipster claimed that...