The Economic Time
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Happiest Minds makes third acquisition for $8.5 million
This is the third acquisition for the Bengaluru-based IT services firm in FY25 so far with two acquisitions PureSoftware Technologies and Macmillan...
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TCS chairman N Chandrasekaran says GenAI to create impact not seen or imagined
In FY24 from April 2023 to March 2024, TCS also consolidated AI and Cloud expertise with the creation of the AI.Cloud unit.
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Neuralink says implant had issues after first human surgery
In the weeks following the January surgery on patient Noland Arbaugh, some of the electrode-studded threads that sit in the brain tissue began to...
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Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferred
Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech...
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Truecaller’s ad revenue grows 5% in Jan-March 2024 buoyed by IPL promotion
Truecaller's Q1 performance was boosted by IPL promotions, leading to a 5% increase in global ad revenue. The company saw growth in MAU and...
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Data startup Atlan’s $105 million fundraise; decoding PBFintech’s FY24 financials
Data collaboration software startup Atlan has raised $105 million at nearly double the valuation since its last round. Details on this and more in...
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US eyes curbs on China's access to AI software behind apps like ChatGPT
Biden admin plans to regulate AI models export to China. Commerce Dept may use computing power threshold. Concerns about AI's role in bioweapons,...
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Deeptech startup Myelin Foundry raises $4 million led by Sidbi Venture Capital
Myelin Foundry secured $4 million with participation from existing investors. The funds will fuel platform development, global expansion, and...
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Samsung Medison buys AI software firm Sonio SAS for $92 million
Samsung Electronics owns 68.45% stake in Samsung Medison, a medical device company specialising in diagnostic imaging devices.