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Category: Business (page 3 of 102)

Dhotre calls for industry to work with AI, M2M for Atmanirbhar India

With the onset of the pandemic, growth in digital infrastructure has been massive. The Digital India program has proved to be highly effective in connecting people and running businesses amidst crises. The minister of state for communications and education Sanjay Dhotre urged the industry to work on the latest technology like AI, M2M, data science for Atmanirbhar India. He further stated this tech was going to change the world.

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Google seeks details of data collection, usage by developers on Play Store

Google is finally working on the privacy of data for its users. On Thursday, the tech giants released a statement seeking details of the data collected by developers on the Play Store and also how it was being used. The third quarter of this year shall see the new privacy policies being rolled out and by Q4 the developers, including Google itself, compiling with them. Google wants to ensure that Google Play is a safe space for android app users.

Microsoft to let EU clients process, store data locally 

Microsoft will allow clients — private and public sector — of the EU to process and store data in their region. The tech giant has scheduled to complete the work by end of next year for all of its cloud services — azure, Microsoft 365, Dynamics 365. Microsoft, at present, owns and operates 15 data centers in 13 EU countries. This is a step back from its previous stand where it plans to challenge local govt regulation of not allowing their data to move out of their border.

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IBM unveils generation next 2-nanometer chip making tech

IBM introduced its one-of-a-kind, 2-nanometer chip-making technology. This technology could be 45% faster than the existing 7-nanometer chips and 75% more power-efficient. The 2-nanometer chips, which IBM says is the first in the world, will be much smaller in size and faster than 5-nanometer chips, available in premium smartphones including Apple iPhone 12 models. The technology, however, will take years to hit the market.

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Snap to launch a marketplace for video creators

Snap, later this month, will launch a marketplace to connect snap creators, lens creators, and AR creators with businesses to help them improve influence and increase reach through video content. It has 1.5 mn lenses created to date and plans its support to all creators by 2022. Fund of  $3.5 mn has been allocated for AR lens creation. Snapchat has 280 mn daily users, of which 200 mn interact with AR on a daily basis. Over 90% of US users are between 13 to 25-years of age.

Avaya adds 100+ new $1mn deals in four quarters in a row

Avaya’s quarterly numbers portrayed how the company has benefited from the hybrid work schedule with 8% increased revenue compared to last year. With the addition of 1500 new customers and 107 deals over $ 1mn, for the fourth consecutive quarter of YoY growth.  66% of the revenue was recurring. Avaya CEO Jim Chirico mentioned the performance was the result of the structural investments made by the company.

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HP launches EliteOne 800 pc for new generation of hybrid workforce

HP has released the latest batch of advanced split PCs for the new age hybrid workforce. Available in two variants of 23.8-inch and 27-inch, HP has launched the EliteDesk 800 G8 series of PCs having dual-facing 5MP camera, 11th Gen Intel Core processor, and AI-based noise reduction filters. Andy Rhodes, global head of commercial systems and display solutions at HP said that the PCs will be commercially available for sale in few countries starting in May 2021.

Uber India earnings take a plunge due to second wave of COVID-19

The US-based cab aggregator Uber released a statement mentioning the downfall experienced by them in India due to the pandemic and new lockdown rules. Uber CFO said the performance in major cities in India expected a drop of 30-40%, which is in contrast to that of the US and the UK which have managed to recover 62% and 80% respectively, compared to April 2019. Uber’s overall bookings grew 24% YoY to $19.5 bn in the March quarter, of which the food delivery business drove $12.5 bn.

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Koo adding features to make resource availability easier for COVID patients

As the need for resources during the pandemic has increased, social media has proved to be a boon, connecting those in need to resources. Koo, India’s twitter-like platform with 60 lakh users, is adding features to make it easier for people to find oxygen cylinders, hospital beds, plasma donors, and ventilators. The social media platform, with features to increase the visibility of plasma donors, is also working on vaccine availability information, said CEO Aprameya Radhakrishna.

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