Tech news

There is no denying that during the past few decades, technology has had a significant impact on our lives. And there are no immediate indications that it will slow down. So what can we expect in the coming years? Here are some of the most important tech news to stay updated on in 2022. 5G Becomes Widely Available , One of the most anticipated changes in the tech news world is the rollout of 5G networks. This next-generation wireless technology promises much higher speeds and lower latency than its predecessor, 4G. While 5G is already available in select markets, it's expected to become widely available in 2022, bringing many new possibilities for consumers and businesses alike. One of the key benefits of 5G is its speed. 5G networks can theoretically offer speeds of up to 10 gigabits per second, which is 10 times faster than the current fastest 4G LTE network. This will open up new possibilities for data-intensive tasks like streaming high-definition video and … [Read more...] about Most Important Tech News of 2022: 5G, AR, AI & More

Food delivery startup Zomato is internally rebranding itself into “Eternal” - a larger organisation to house multiple businesses, each with its own chief executive officers (CEOs). “We are at a stage of life where we are maturing from running (more or less) a single business to now running multiple large companies,” Deepinder Goyal , CEO and MD of Zomato, wrote on the company’s slack channel. , ET has reviewed the copy of the message. “We are transitioning from a company where I was the CEO to a place where we will have multiple CEOs running each of our businesses (Eg: Zomato, Blinkit , Hyperpure , Feeding India), all acting as peers to each other and working as a super-team with each other toward building a single large and seamless organisation,” he informed. Goyal said the company would call this larger organisation “Eternal”. “The word Eternal is a mission statement in itself. Eternal means forever, something that will last for more than … [Read more...] about Zomato News: Zomato’s Deepinder Goyal plans multiple CEO structures for ‘Eternal’ organisation

Amid the uncertainty surrounding crypto exchange WazirX after the Directorate of Enforcement ( ED ) froze its bank assets last Friday, the company is looking to allay its employees' concerns. In a Slack communication sent by WazirX’s human resources department on Monday, the company told employees that it disagrees with the ED’s allegations. , On Friday, the ED said it had conducted search operations against one of the directors of Zanmai Lab Pvt Ltd, the Indian entity operating WazirX, and issued a freezing order on its bank accounts, which contain Rs 64.67 crore. Crypto firm Binance denies ownership of India's WazirX after ED raids “In the light of recent news about WazirX, we wanted to let you know that we have been fully cooperating with the ED and have responded to all their queries fully and transparently. We do not agree with the allegations in the ED press release and are evaluating our further plan of action,” read the Slack message, … [Read more...] about wazirx news: WazirX looks to allay staff unease over ED action, Binance dispute

Adani Enterprises Ltd (AEL), the business incubation arm of the Adani Group , has signed an MoU with the Israel Innovation Authority (IIA), the premier public-funded agency overseeing Israel 's innovation policy, for cooperation in technological innovation between Israeli entities and the Adani Group. This cooperation will deepen the existing partnerships that Adani has already established over the past six years in Israel. The MoU will lead to the creation of a cutting-edge innovation platform that will allow Adani businesses to access tech solutions provided by Israeli start-ups, whereby selected innovation projects will be supported by the partnership. , The collaboration will span climate change, cyber, AI, IoT, 5G, and agriculture, all of which are core businesses for Adani. Also Read Govt sold 71% of spectrum, good enough to cover entire country with 5G: Ashwini Vaishnaw 5G auction over, Reliance Jio tops the table with ₹88,078 crore in bid … [Read more...] about adani: Adani Enterprises, Israel Innovation Authority sign MoU to develop tech solutions

Export restrictions being considered by Washington to halt China 's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting US businesses. Reuters reported on Monday that the United States is considering limiting shipments of American chipmaking equipment to memory chip producers in China that make advanced semiconductors used in everything from smartphones to data centres. , The curbs would stop chipmakers like South Korean giants Samsung Electronics and SK Hynix from shipping new technology tools to factories they operate in China, preventing them from upgrading plants that serve customers around the world. Also Read SK hynix closes $492 million acquisition of chip contract firm Key Foundry Samsung and SK Hynix, which control more than half of the global Nand flash memory chip market, have invested heavily in China in recent decades to produce … [Read more...] about samsung: Why US action against Chinese chipmakers is bad news for Samsung and others

Every Wednesday and Friday, The Verge publishes our flagship podcast, The Vergecast , where our editors make sense of the week’s most important technology news. On Fridays, Verge editor-in-chief Nilay Patel, editor-at-large David Pierce, and managing editor Alex Cranz discuss the week in tech news with the reporters and editors covering the biggest stories. The show starts with the biggest news from the week — Instagram and the controversy around the changes to its app. On our Wednesday show , we discussed Instagram head Adam Mosseri’s response to criticism of the changes and overall direction to make the app feel more like its competitor TikTok. The following day, Instagram walked back its changes, with Mosseri saying “ we definitely need to take a big step back and regroup. ” Today’s episode walks through the whole story. The rest of the show focuses on the quarterly earnings of some big tech companies — Apple, Microsoft, Alphabet, Spotify, and Comcast — and what … [Read more...] about Vergecast: Instagram’s risky week and Big Tech earnings

SoftBank Group Corp on Monday posted a 2.33 trillion yen ($17.23 billion) loss at its Vision Fund unit in the April-June quarter as the value of its tech portfolio slid. SoftBank had booked a record loss at the Vision Fund unit in May as market turmoil driven by rising interest rates and political instability hit the tech investor. , The group's sliding portfolio pushed it to a 3.16 trillion yen net loss in the latest quarter. That compared with profit of 761.5 billion yen in the same period a year earlier. Also Read SoftBank, JP Morgan connect 10 unicorns mulling IPO in 3 years with mutual funds SoftBank founder and CEO Masayoshi Son, who will speak at an earnings briefing from 4:30 p.m. (0730 GMT), has pledged to tighten investing criteria and preserve cash to weather the downturn. In the quarter ended in June, falling listed investments included robotics firm AutoStore Holdings Ltd and artificial intelligence firm SenseTime Group Inc. … [Read more...] about softbank: SoftBank posts $17 billion Vision Fund loss on tech slump

Baidu 's electric vehicle (EV) firm, Jidu Auto , will be one generation ahead of Tesla in terms of autonomous driving technologies, Baidu chief executive Robin Li said in a statement. "Our understanding of smart vehicles is that being electric is the semi-final while being intelligent is the final," Li added. , Jidu aims to be to be able to deliver 800,000 of its "robot" cars in 2028, Jidu chief executive Joe Xia Yiping said in the statement. Jidu also plans to deliver its second model for mass production in 2024, Xia said. Also Read Electric scooters, buses steal show at EV Expo in Delhi Baidu bags China's first fully driverless robotaxi licenses Jidu revealed its first "robot" concept car, which has no door handles and can be fully controlled via voice recognition, in June, with the plan to mass produce the model in 2023. Besides equipping the car with autonomous driving software technology powered by Baidu, … [Read more...] about baidu: EV arm’s autonomous driving tech will be ahead of Tesla, says Baidu CEO Robin Li

Tech startups Paystand and Yaydoo recently announced a merger to make way for a blockchain platform focused on cash flow management and liquidity solutions to businesses in the United States and Latin America . Also Read EU securities regulator to arm itself with cryptocurrency data US-based Paystand and Mexico , 's Yaydoo said in a statement that the deal forms a B2B fintech unicorn, which they said was a first. They did not disclose further details on the deal. "It will allow blockchain-based business solutions to be more accessible across the Americas ," the statement said. Both firms offer a wide range of B2B solutions based on technology for the automation of transactions, payment processes and invoice collection. Blockchain company completes first digital asset transaction with palladium in Russia The new company could be on track for an IPO within the next two years, the statement added. Follow Gadgets Now on … [Read more...] about paystand: US Paystand, Mexico’s Yaydoo merge, to offer blockchain platform

More than 32,000 tech workers have been laid off in the US since July, including at big tech companies like Microsoft and Meta (formerly Facebook), and the worst has not been over yet for the tech sector that has seen a massive stock sell-off. More than 32,000 workers in the US tech sector have been laid off in mass job cuts as of late July. , Edtech carnage continues as WhiteHat Jr lays off 300 employees "We've included both startups and publicly traded companies that are based in the US. We've also included companies based elsewhere that have a sizable team in the United States, such as Klarna" the analysis said. The list includes ride-sharing platform Uber, Netflix , and several cryptocurrency exchanges and lending platforms. Robinhood, Glossier, and Better are just a few of the tech companies that have trimmed their headcount this year. Since April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid … [Read more...] about india: Over 32,000 tech workers laid off in US and more than 11,000 in India, claims report