• Tue. Feb 7th ,2023

News

Dell to cut over 6650 jobs to cut costs as PC sales plummet globally

Dell, the U.S.-based manufacturer of personal computers and related products, has reportedly announced to layoff more than 6650 employees, about 5% of its total workforce across the globe, as per reports. Dell Co-Chief Operating Officer, Jeff Clarke stated in a memo on Monday that the firm's

Fortnite maker Epic Games to pay $520M over FTC child privacy charges

Epic Games, the American video game company, and the maker of the popular game Fortnite has been reportedly accused by the Federal Trade Commission (FTC) of unlawfully gathering personal information about children. Some children even loaded up their parents' credit cards with hundreds of doll

Tech giant IBM and Rapidus collaborate to manufacture advanced chips

American MNC, IBM Corp. recently stated that it has collaborated with chip maker Rapidus, supported by the Japanese Government, to assist it in manufacturing the most innovative chips available. The announcement has been made in the wake of the ongoing tensions between the U.S. and China over chi

TikTok to continue hiring amid mass layoffs at Meta and Twitter

Short video platform, TikTok has reportedly stated that it is still planning to continue hiring, as many Silicon Valley tech giants announce hiring freezes and job cuts. As per a source familiar with the matter, the social media platform is committed to its goal of hiring around 1,000 engineers a

UAE’s Invest Bank chooses Temenos Banking Cloud for digitalization

UAE’s premier commercial bank, Invest Bank has reportedly selected Swiss software bank Temenos for transforming its core and digital banking, by collaborating with the latter’s partner, NdcTech. The bank will utilize an end-to-end wholesale and retail banking solution on the Temenos B

Lentra raises $60M with backing from Citi Ventures for global expansion

Indian AI-powered digital lending startup, Lentra has reportedly raised $60 million in a series B round and has now reached a valuation of more than $400 million, according to founder and CEO, D Venkatesh. The funding round was led by existing investors, Susquehanna International Group (SIG) and

Big Brother Watch files complaint against PimEyes over stalking concerns

British privacy campaign group, Big Brother Watch has reportedly raised a complaint against PimEyes, a reverse image search engine and facial recognition software. For the unversed, with PimEyes, people can look for faces in images posted publicly on the internet. The privacy campaign group cl

Lidar tech firms Velodyne and Ouster merge to boost competitiveness

Lidar tech rivals, Velodyne and Ouster have reportedly agreed to merge, bringing together a total market value of $400 million. The two companies stated that they will be partnering to increase competitiveness in the market which has been seeing a drop in valuation as investors grow disillusioned

Alibaba Cloud launches open-source MaaS platform with 300+ AI models

Alibaba Cloud, the cloud computing subsidiary of Alibaba Group, has reportedly launched over 300 ready-to-use artificial intelligence models through an open-source Model-as-a-Service (MaaS) platform. During its annual company conference this week, Alibaba stated that its ModelScope platform for A