Author: Ansh Singh

New Delhi: The latest argument between Apple and Fortnite maker Epic Games isn’t over yet. Epic has been fighting Apple for years about the company’s revenue-sharing rules in the App Store. While Epic’s lawsuit against Apple was defeated last year, many of its points were repeated in another lawsuit filed against Apple in March by the Department of Justice and 17 state attorneys general. In Europe, the new Digital Markets Act seemed to let Epic launch its own Epic Games Store on iOS and bring Fortnite back to the platform, with lower fees to Apple. However, Apple supposedly rejected the…

New Delhi: Elon Musk has revealed some details about the training of the next version of his AI chatbot, Grok, on X/Twitter. Responding to some posts, Musk talked about the problem of “models training on each other’s data,” comparing it to a “human centipede effect,” and admitted that a lot of work is needed to clean up large language models (LLMs) because most of the training data comes from the internet. The governor is correct that this is a Dojo Supercomputer, but $500M, while obviously a large sum of money, is only equivalent to a 10k H100 system from Nvidia.Tesla…

New Delhi: YouTube has rolled out a new and improved tool that lets creators remove copyrighted music from their videos without affecting other sounds like dialogues or sound effects. On July 4, YouTube’s chief, Neal Mohan, announced this on X, saying, “Good news, creators: our updated Erase Song tool helps you easily remove copyright-claimed music from your video (while leaving the rest of your audio intact).” The tool, which has been in testing for some time, now uses an AI-powered algorithm to accurately detect and remove only the copyrighted music. However, YouTube warns on its support page that the tool…

New Delhi: Bharti Airtel has refused claims of a data breach following reports that the personal information of 375 million customers was allegedly being sold on the dark web. The telecom giant dismissed these allegations, describing them as an attempt to damage the company’s reputation. An Airtel spokesperson informed Moneycontrol that an exhaustive investigation had confirmed no breach of Airtel’s systems. The reports had suggested that the compromised data included phone numbers, email addresses, residential addresses, and Aadhaar numbers. These reports also mentioned a threat actor named ‘xenZen’ who allegedly listed the database for sale on a dark web forum,…

New Delhi: On July 4, shares of Mazagon Dock Shipbuilders Ltd. jumped more than 20 percent, reaching a new high of Rs 5621 on the National Stock Exchange (NSE). This increase pushed the company’s market value over Rs 1 lakh crore. Shipping companies like Cochin Shipyard and Mazagon Dock saw their shares rise up to 10% and 20% respectively. These public sector units (PSUs) have been rallying recently as investors expect positive news from the upcoming Budget 2024. Veteran investor Raamdeo Agrawal pointed out that even with the recent rise, PSUs are still trading at low price-to-earnings (PE) ratios. The…

New Delhi: Meta’s Threads has reached over 175 million monthly active users as it nears its first anniversary. Mark Zuckerberg announced this milestone on Wednesday. In April, Threads had 150 million users, up from 130 million in February. Threads launched on July 3, 2023, offering an alternative to X (formerly Twitter) after Elon Musk made major changes to X. Musk recently said that X has 600 million monthly active users, with half using it daily, but he didn’t say if this includes automated accounts or spam bots. Meta shared that most users on Threads post text rather than images, with…

New Delhi: Koo, the Indian social media platform designed to compete with Twitter, is closing its doors. Founders Aprameya Radhakrishna and Mayank Bidawatka announced the shutdown, attributing it to unsuccessful partnership negotiations and the high costs associated with technology maintenance. The company began significant layoffs in April 2023. At its height, Koo boasted approximately 2.1 million daily active users and 10 million monthly users, including over 9,000 VIPs. Despite these impressive figures, financial challenges and an extended period of funding shortages forced the platform to scale back. The founders pointed to the unpredictable capital market and steep technology costs as…

New Delhi: India has been at the forefront of Web3 innovation and user protection has been the epicentre of product strategy at Bitget. The company has confirmed it is actively working towards becoming a regulated crypto exchange in India. With an increasing interest and adoption, India’s crypto market has shown significant growth. Bitget has confirmed it is in active discussions with the Financial Intelligence Unit (FIU) for further licensing in India. The company remains optimistic about serving this key market. Simran Alphonso, Head of Global Communications at Bitget, emphasised Bitget’s proactive approach to compliance and reassured users about the safety of…

New Delhi: Kotak Mahindra Bank shares fell by up to 2%, reaching a low of Rs 1,768 on the BSE, after Hindenburg Research made serious claims against the bank. The US-based activist investor said that Kotak Mahindra Bank set up an offshore fund to bet against Adani stocks. Hindenburg also pointed fingers at Uday Kotak, the bank’s founder, who led SEBI’s 2017 Committee on Corporate Governance. According to Hindenburg Research, Kotak Mahindra Bank created and managed an offshore fund to short Adani stocks, causing the bank’s shares to drop. The situation got worse when Hindenburg made public a show-cause notice,…

New Delhi: Amazon has hired key founders from the AI startup Adept, which develops AI “agents” to perform tasks in various software applications. Geekwire’s Taylor Soper first reported this news. As per the report, Adept co-founder and CEO David Luan, along with co-founders Augustus Odena, Maxwell Nye, Erich Elsen, Kelsey Szot, and other employees, will join Amazon. Despite this, Adept will remain operational. Zach Brock, previously head of engineering, will become the new CEO as Adept shifts its focus to “solutions that enable agentic AI.” In a blog post, Adept mentioned that their products would still use their existing in-house…