The Economic Time
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Tencent chief says gaming business under threat, catching up in AI
Pony Ma, speaking at Tencent's annual meeting in a stadium in Shenzhen on Monday, said that the company has been resting on its laurels in gaming...
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Meesho’s fintech bet; Byju’s valuation crashes 99%
Ecommerce firm Meesho is diversifying revenue streams via two new business lines. Details of this and more in today’s ETtech Morning Dispatch.
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US FTC was poised to reject Amazon acquisition of iRobot
The Federal Trade Commission was poised to reject Amazon.com's $1.4 billion acquisition of robot vacuum maker iRobot before the companies announced...
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Govt support necessary to develop animation & gaming sector: Kris Gopalakrishnan
Infosys cofounder Kris Gopalakrishnan on Monday said governments and policy makers need to support sectors that generate wealth and employment.
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Delhi HC orders apps to suspend accounts impersonating Peak XV, Sequoia Capital
The accused impersonated Peak XV and Sequoia Capital to create bogus investment platforms that duped many unsuspecting investors. The scam came to...
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Byju’s seeks $200 million lifeline; Indian crypto platforms bounce back
Edtech major Byju’s beset with internal and external challenges rolled out a rights issue to raise up to $200 million. In its desperate attempt to...
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White House AI council meets Monday as legislative action stalls
White House Deputy Chief of Staff Bruce Reed, who will convene the council meeting Monday, said in a statement the federal government had made...
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Byju’s seeks $200 million in rights issue at $250 million valuation amid deep cash crunch
Byju’s–which is facing multiple crises and is in need of capital immediately–is likely to price the share offering at a nominal value that would...
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Cybersecurity firm ClearTrust raises $1.9 million in funding led by Ideaspring Capital, others
With the fresh funding, ClearTrust plans to expand its operations into North America and further invest in research and development in AI,...
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One in four firms ban GenAI over privacy, data security risks: Report
A new report reveals that over a quarter of organizations have banned the use of GenAI due to concerns over data privacy and security. The 'Cisco...