Fintech company Skipify, on Thursday, collaborated with global payments technology provider Visa, through the Visa Digital Commerce Program, with an objective to reinvent the way consumers transact, leveraging cutting-edge technologies to simplify as well as accelerate the payment process. California-based Skipify said merging Visa’s expertise in digital payments with Skipify’s digital wallet, it aims to […]
Real estate developer ROSHN Group, on Thursday, joined forces with Alphabet-owned Google Cloud, aiming to leverage artificial intelligence (AI) and to transform how the firm uses and benefits from data analysis. The Saudi Arabia-based company said with this collaboration ROSHN looks to modernise its data architecture as well as make data-driven decisions to create smart […]
Amazon.com’s cloud division Amazon Web Service (AWS) cut hundreds of jobs hailing from sales and marketing teams, as well as physical store technology employees, reported Bloomberg on Wednesday. “We’ve identified a few targeted areas of the organization we need to streamline in order to continue focusing our efforts on the key strategic areas that we […]
ChatGPT owner OpenAI Inc said it is expanding its venture into text-to-audio AI model Voice Engine on Friday, which can create emotive and realistic voices using text input and a single 15-second audio sample. Synthetic voice generator was initiated in late 2022, and the current model is in its testing phase. Additionally, Voice Engine is […]
Financial service company UBS Group AG, on Tuesday, said it intends to commence a new 2024 share buyback program of up to $2 billion on April 3, and the company is expecting to repurchase up to $1 billion of its shares, starting from the end of the merger of UBS Group and Credit Suisse AG. […]
Credit rating agency Brickwork Ratings said on Monday, it will resume its business operations and client onboarding following the order of the Securities and Exchange Board of India (SEBI) order from March 26. The company said the SEBI order, issued in September 2023, restricted Brickwork Ratings from onboarding new clients or receiving new mandates from […]
Engineering and digital services company Tata Technologies and automobile firm BMW Group signed an agreement to form a joint venture on Tuesday, aiming to establish an automotive software and IT development hub in Indian selective cities including Pune, Bengaluru, and Chennai. The company said the JV agreement is subject to assessment and approval by the […]
Indian news agency Press Trust of India (PTI) joined Meta’s third-party fact-checking partnership (3PFC) programme on Monday, with an objective to identify, review and rate content as misinformation across the social media company’s applications including Facebook, Instagram and WhatsApp. With electioneering for the LokSabha polls having intensified, said the newspaper publication, Meta announced the onboarding […]
Sundar Pichai-led Google initiated the integration of Google podcast, its online podcast platform, into the online music and audio-sharing platform YouTube music application by shutting down the service of the podcast application in the United States on April 2, later closing doors worldwide. The subsidiary of Alphabet sent notifications to the Google Podcast users, where […]
Financial service company HDFC Bank decided to sell its stake completely from HDFC Education and Development Services (DSPL), based on a regulatory filing of the bank on Saturday. The bank currently owns 100% of this subsidiary. The transaction would be carried out via the Swiss challenge method, according to the filing report. The Swiss Challenge […]
Emirates NBD Capital (EmCap), the investment banking for Emirates NBD Group, on Monday, facilitated a $500 million syndicated revolving credit facility (RCF) for computer maker Lenovo Group Limited. A Syndicated Revolving Credit Facility (RCF) is a type of loan provided by a group of lenders, in this case, it includes EmCap, AL Ahli Bank of […]
Reserve Bank of India (RBI) considered establishing a Digital India Trust Agency (DIGITA) to combat cyber fraud and illegal lending apps, based on media reports from Sunday. The central financial body will verify digital lending apps and maintain a public register of verified ones. Applications without DIGITA’s signature should be considered unauthorized by law enforcement. […]
Global tech giants Microsoft and ChatGPT owner OpenAI are planning for a data centre project called Stargate, worth about $100 billion that would contain a supercomputer with millions of specialized server chips to power OpenAI’s artificial intelligence, based on a report of The Information on Friday. The financing would be done by Microsoft, which is […]
Payment app PhonePe and Mashreq collaborated on Thursday, as part of Mashreq’s with NPCI International Payments (NIPL) to improve the ease and convenience of transactions for the Indian diaspora and expand its footprint in the United Arab Emirates. The company said PhonePe App users traveling to the UAE can now utilize Mashreq’s NEOPAY terminals to […]
Software developer Adobe collaborated with tech giant Microsoft on Tuesday, to bring Adobe Experience Cloud workflows and insights with Microsoft Copilot to deliver generative AI-powered capabilities that enable marketers to increase collaboration, efficiency and creativity. The deal was signed at Adobe Summit, a digital experience conference in Las Vegas, US. The collaboration looks to bring […]
