Tag Archives: Technology News

Despite expressing positive revenue projections for 2023 and accelerating its profitability timeline in February, Grab is now planning a fresh round of layoffs. Grab Holdings, a Singapore-based ride-hailing and food delivery company, is gearing up for its largest round of layoffs since the pandemic, according to a report by Bloomberg on Tuesday. Sources familiar with the matter stated that the company would officially announce the planned job cuts this week, which is expected to surpass...

UK’s Competition and Markets Authority (CMA) has given a go-ahead to the deal noting that Amazon is not violating any competition concerns. Earlier today on Friday, June 16, Britain’s competition regulator gave a go-ahead to Amazon for its planned acquisition of the Roomba vacuum cleaner maker – iRobot Corporation. UK’s Competition and Markets Authority (CMA) said that they have cleared the deal which would not lead to any competition concerns in the country. Earlier in April 2023, the...

The Citroën e-C3 model will have a 320-kilometer range and a 57-minute “fast charge” capability. Automobile manufacturer Stellantis NV (BIT: STLAM) is set to unveil its first European-made affordable electric vehicle, the new Citroën e-C3 by mid-October.  According to the Brand Chief Executive Officer (CEO) of Citroën and Stellantis Chief Sales & Marketing Officer Thierry Koskas, the Electric Vehicle (EV) will sell for less than 25,000 euros which is approximately $27,400. With this...

Adobe is making a significant leap forward by integrating generative AI features into its product offerings. In a significant development for the technology industry, Adobe Inc (NASDAQ: ADBE) the renowned software company, has announced a raised full-year revenue and profit outlook. The optimistic projection is primarily driven by the company’s assumption that the incorporation of generative artificial intelligence (AI) technologies into its software solutions will fuel growing demand....

ByBit is not the only crypto trading platform recognizing the potential of AI in delivering enhanced user experiences. Other leading exchanges have also explored the integration of ChatGPT into their platforms.  Leading cryptocurrency exchange Bybit is gearing up to enhance its trading services by incorporating an artificial intelligence (AI) tool into its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the latest addition to its Tools...

The recent lawsuit against Twitter for alleged copyright infringement involving music publishers has shed light on the platform’s struggles with music licensing. Social media giant Twitter Inc is no stranger to controversy, but this time it finds itself in hot water as music publishers have filed a lawsuit against the company, seeking a staggering $250 million in damages. The National Music Publishers’ Association (NMPA) is suing Twitter on behalf of 17 music publishers who represent some...

By the company’s estimates, its first models for text-based generative AI will be released by 2024. Four-week-old artificial intelligence (AI) startup, Mistral AI, has raised $113 million in seed funding. The round was led by Lightspeed Venture Partners and saw participation from JCDecaux Holding, Motier Ventures, and Rodolphe Saadé in France. International VCs such as Exor Ventures from Italy, Belgium’s Sofina, and many others also partook in the round. The seed round has now brought the...

An AWS outage shut down several apps and disrupted services, but did not disturb Ethereum despite hosting more than 64% of nodes. Although Amazon Web Services (AWS) had a minor outage on Tuesday, where it was temporarily unavailable, Ethereum remained unaffected. The temporary downtime did not affect Ethereum’s network nodes, which are mostly hosted on AWS. AWS first revealed at 12:08 PDT that it started an investigation into increased error rates and latencies it had noticed. The company...

The collaboration between Moxy.io and Stainless Games will allow esports enthusiasts to engage in competitive matches within the captivating world of Shock Rods. In an exciting collaboration, Moxy.io, an esports platform, has joined forces with Stainless Games, a renowned game developer, to bring back the classic game “Shock Rods” to the gaming community. According to the press release shared with Coinspeaker, the collaboration is a fantastic fit because both teams are committed to...

Through the latest funding, the firm aims to make video creation easy for everyone and has already served many businesses worldwide. Synthesia, a leading artificial intelligence (AI) company based in London, has successfully raised $90 million in a series C funding round, bringing its total valuation to $1 billion. The company’s groundbreaking AI technology, Synthesia, enables enterprise users, including HR professionals and marketers, to create high-quality video content in 15 minutes...