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Cryptocurrency & NFTs are Fake: Bill Gates

15Jun By NitishNo Comments

Entrepreneurs Talk

Cryptocurrency & NFTs are Fake: Bill Gates

NYC, 15th June 2022: The tech billionaire & founder of tech company Microsoft Bill Gates, criticised cryptocurrencies and NFTs. He termed cryptocurrency & Non-Fungible Tokens (NFT) as fake, saying that it is based only on the Greater fool theory. Gates was speaking at an event on climate change hosted by TechCrunch. Bill Gates joked that the world is going to improve a lot with expensive photos of monkeys. These are of no use. One can neither invest in the long term or short term. He also pointed out that bitcoin has a lot of risk for retail investors and that mining the coin also harms the environment. The Microsoft co-founder said he preferred investing in tangible assets or “a company where they make products.” He also mentioned that he does not hold any crypto assets. ...

30Jul By AnkitaNo Comments

FUNDING

WASABI RAISES $1.8Mn SEED FUNDING LED BY ANKUR CAPITAL

India, July 30th, 2021: Bengaluru-based tech startup, Wasabi (Truegrit Technologies Private Limited) has raised $1.8 Million in a seed round led by Ankur Capital. The round also saw participation from Binny Bansal backed 021 Capital, Sparrow Capital, and notable angels like Ankit Bhati (Ola), Mekin Maheshwari (Udhyam Learning), Lalit Keshre (Groww), Revant Bhate (Mosaic Wellness), Abhishek Goyal (Tracxn), and Ashish Goel (Urban Ladder) among others. The funds raised will be utilized to build a strong engineering team, develop their product offering and create early customer traction. Founded in January 2021 by Pradeep Dodle and Nikhil Goenka, Wasabi is building easy-to-use communication and growth platform for small and medium businesses in India to help them manage customer relationsh...

7May By AdityaNo Comments

Tech

New Online Casino Technology offers Better Ways to Cash out Your Winnings

If we could write a list of the most frequently asked questions regarding online gambling, we would probably include at the top of the list, the same questions you would. For sure, issues like personal information security, legitimate and reputable sites and safe and fast withdrawal methods would be, without hesitation, the most common concerns every player has. But along with these well-known matters, we also find that gaming technology is as important as every other thing involved in this popular industry, which increases its interest and number of players all over the world also because of the arrival of new technologies and new ways of reaching the bets. Virtual casinos made the gambling experience much more accessible and nowadays we can also enjoy an amazin...

Hitachi acquires GlobalLogic for $9.6 billion

2Apr By PriyankaNo Comments

ACQUISITION

Hitachi acquires GlobalLogic for $9.6 billion

TOKYO, March 04/02/2021— Japanese leading tech firm, Hitachi, Ltd. (TSE: 6501, “Hitachi”) acquire GlobalLogic, a leading U.S.-headquartered digital engineering services company for $9.6 billion. Through the acquisition, Hitachi expects the addition of GlobalLogic’s advanced digital engineering capabilities, and its solid client base including major technology companies, to strengthen the digital portfolio of “Lumada." Lumada is the name of Hitachi’s advanced digital solutions and services for turning data into insights that drive digital transformation of social infrastructure. The acquisition will accelerate the advanced digital transformation of social infrastructures such as rail, energy, and healthcare on a global scale. Headquartered in Silicon Valley, GlobalLogic is a le...

Synechron acquires Australian Tech firm Attra

12Dec By AdityaNo Comments

ACQUISITION

Synechron acquires Australian Tech firm Attra

Melbourne, 12th December 2020: IT company Synechron acquire Australian technology services and solutions provider firm Attra. Synechron did not disclose the deal consideration but announced that the acquisition is its biggest yet and will increase top-line by USD 100 million to USD 650 million, and also add 2,000 employees to take its overall headcount to over 10,000. Melbourne-headquartered Attra was incorporated in 1995 and provides consulting, application development, maintenance and engineering services to clients across the payments value chain worldwide, as per a statement. "The acquisition of Attra enables us to strengthen our service offerings. The enhanced competencies that Attra brings will allow us to further advance our clients'' banking and digital payment technology ...

23Nov By AdityaNo Comments

ACQUISITION

GlobalLogic Acquires UK based ECS Group

SAN JOSE, Calif. & LONDON, Nov 23rd, 2020-- GlobalLogic has acquired ECS Group, a leading digital transformation and DevOps consultancy firm. The Terms of the transaction were not disclosed. Headquartered in London, ECS delivers digital solutions that harness the latest cloud technologies, with a focus on Digital Engineering, Data Analytics and Customer Experience. The company serves multiple industries, with particular expertise in the banking and financial services sector. With the acquisition of ECS, GlobalLogic advances its European strategy, expands its Financial Services footprint and adds a host of complementary cloud-centric offerings to its portfolio. ECS brings to GlobalLogic a highly regarded proficiency in cloud architecture and advisory services as well as ex...

29Oct By AdityaNo Comments

FUNDING

Canvass Analytics Raises $6.5 Million Funding Led by Yamaha Motor Ventures

SILICON VALLEY, Calif., 29th Oct 2020-- Yamaha Motor Ventures, the strategic business development and investment arm of Yamaha Motor, led a USD$6.5 million funding round for Canvass Analytics (Canvass), a global leader in industrial Artificial Intelligence (AI) advanced analytics. The investment in Canvass analytics represents Yamaha Motor Ventures’ strategic focus on innovative technologies that work to solve global, societal challenges including increasing efficiency to reduce environmental impact. Canvass’s vision is to transform manufacturing by empowering the workforce of the future. According to IDC, operational data will increase by 2-3x by 2025, but the MAPI Foundation found that 47% of industrial workforces lacked the digital skills needed to derive value...

Microsoft makes Work from Home permanent for some Staff

13Oct By AdityaNo Comments

News

Microsoft makes Work from Home permanent for some Staff

Houston, Oct 13th, 2020: Tech company Microsoft has decided to expand its work-from-home policy and make it permanent for some workers. The company has released the new "hybrid workplace" guidance that lays out how employees can have a more flexible remote work schedule and even relocate elsewhere in the country, while it continues to adjust to changing needs during the ongoing pandemic. Microsoft will allow employees to work from home freely for less than 50 per cent of their working week, and managers will be able to approve permanent remote work. "We will offer as much flexibility as possible to support individual work styles, while balancing business needs, and ensuring we live our culture," Kathleen Hogan, Microsoft''s chief people officer, said in a post on the official Micr...

1Sep By PriyankaNo Comments

Market

Rocket Internet to delist itself from stock market

Berlin, 1st Sept 2020: Germany based tech investment firm Rocket Internet plans to delist itself from the Frankfurt and Luxembourg stock exchanges. The company said it has sufficient access to capital outside the stock exchange and can better pursue a long-term approach to investing. Rocket Internet, with a market capitalisation of 2.6 billion euros ($3.12 billion), would be better off going private again since it successfully listed all the major firms it helped found, including Delivery Hero , HelloFresh and Home24 . Listed on stock market in 2014, Rocket’s shares have mostly traded well below their issue price of 42.50 euros and below the combined value of the cash on its balance sheet and its own valuation of its remaining investments. In its latest financial results, publishe...

Chinese Company Files $1.4 Billion Lawsuit Against Apple

3Aug By reutersNo Comments

CHINA

Chinese Company Files $1.4 Billion Lawsuit Against Apple

Shanghai, 3rd Aug 2020: Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co, Ltd, also known as Xiao-i, has filed a lawsuit against Apple Inc, alleging it has infringed on its patents. The company is calling for 10 billion yuan ($1.43 billion)in damages and demands that Apple cease "manufacturing, using, promising to sell, selling, and importing" products that infringe on the patent, it said in a social media post. Xiao-i argued that Apple's voice-recognition technology Siri infringes on a patent that it applied for in 2004 and was granted in 2009. Apple did not respond to a request for comment. Reuters was not immediately available to find a copy of the court filing. The lawsuit marks the continuation of a row that has been ongoing for ne...

22Jul By AdityaNo Comments

Tech

5 Ways IoT Technology Is Revolutionizing Supply Chain Management

The Internet of Things (IoT) is a fast-growing network of gadgets and devices that can connect to the internet wirelessly. These devices are already changing daily life in ways both obvious and more subtle. Plenty of people already have their homes full of IoT devices smart lights, wireless security cameras, smart home devices, smart thermostats, and so forth but the real innovations are happening in the industry. Shipping, logistics, and supply chain management are already feeling the benefits of implementing IoT to track shipments, pinpoint the causes of shipping damage, and prevent damage to cargo. In everything from tracking delivery speed to monitoring conditions during shipping and storing, streamlining warehousing, and more, IoT tech is changing the way supply chains are managed...

How to Protect Your Small Business from Cyber Threats

20Jul By AnkitaNo Comments

Tech

How to Protect Your Small Business from Cyber Threats

If you’re like many small business owners, you might think you don’t need to worry about cyber attacks. Eighty-two percent of small business owners have said that they don’t think they need to implement cybersecurity measures because they don’t think their company information is worth stealing. Think again. Small businesses are very vulnerable to cyber threats, precisely because they think they’re not worth a hacker’s time. Data breaches affecting large companies may get all the press, but big corporations like Target and even government agencies know they’re at risk, and they have the budget to to easily implement comprehensive and sweeping threat detection and prevention plans. Small businesses are easier targets because many don’t even bother with cybersecurity measures, and the info...