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In a thoughtful step to curb food wastage, Zomato has launched an innovative feature called Food Rescue. This new addition allows users to purchase cancelled food orders from nearby areas at a reduced price, tackling the significant amount of food that gets wasted each month. The Issue of Food Wastage Food waste is a big problem globally, and Zomato’s platform…
In a groundbreaking move, Jeff Bezos and OpenAI have thrown their weight behind Physical Intelligence, a promising robotics startup, now valued at an impressive $2.4 billion. This investment marks a significant milestone in the robotics industry, highlighting the growing interest and potential in advanced robotic technologies. The Rise of Physical Intelligence Physical Intelligence is at the forefront of developing robots…
In a bold move that has sent ripples through Silicon Valley, Google has spent a staggering Rs 23,000 crore (approximately $2.7 billion) to reacquire Noam Shazeer, a former AI pioneer who left the company in 2021. This acquisition, which includes Shazeer’s startup Character.AI, has reignited the debate on overspending in the AI race. The Return of Noam Shazeer Noam Shazeer,…
In 2013, Facebook made headlines with its bold attempt to acquire Snapchat for a staggering $3 billion in cash. This move came just two years after Snapchat’s launch, as the app rapidly gained popularity among younger users for its unique disappearing messages and playful filters. Why Did Snapchat Reject Facebook’s Offer? Snapchat’s decision to reject Facebook’s offer was driven by…
In a recent statement, Sam Altman, CEO of OpenAI, reassured writers that their jobs are secure from being replaced by AI shortly. This is a relief to many in the creative industry concerned about the rapid advancements in AI technology. Altman emphasized that while AI, such as OpenAI’s ChatGPT, can be a valuable tool for writers, it lacks the essential…
In a shocking turn of events, popular YouTuber and influencer Ranveer Allahbadia, known for his “Beer Biceps” channel, has fallen victim to a cyber attack. Both of his YouTube channels were hacked, renamed to “Tesla,” and all videos were deleted. This incident has not only impacted Ranveer emotionally and professionally but also highlights the growing trend of cyber attacks targeting…
Microsoft has acquired a 16.4-acre land parcel in Pune’s Hinjewadi area, a major IT hub, for a whopping Rs 520 crore. This acquisition is part of Microsoft’s broader strategy to strengthen its infrastructure and support its growing operations in the country. The Details of the Acquisition Microsoft’s Indian subsidiary, Microsoft Corporation (India) Private Limited, completed the purchase of 66,414.5 square…
The Adani Group has recently confirmed plans to establish a mega semiconductor plant in Maharashtra, marking a significant milestone in India’s technological advancement. This ambitious project, valued at approximately ₹83,950 crore ($10 billion), is set to be developed in collaboration with Israel’s Tower Semiconductor. The plant will be located in Taloja, Panvel, and is expected to produce 80,000 wafers per…
In a significant move to expand its service offerings, Zomato has announced the acquisition of Paytm’s movie and events ticketing business for ₹2,048 crore. This acquisition marks a strategic shift for Zomato, aiming to diversify its portfolio and strengthen its position in the entertainment sector. The Deal Details Zomato’s acquisition includes Paytm’s movie ticketing platform, Paytm Insider, and its sports…
In a landmark development, Infosys has secured a substantial role in the $1 billion cloud migration deal between tech giant Microsoft and beverage leader Coca-Cola. This partnership is set to bring in over $100 million in revenue for Infosys, underscoring the company’s pivotal role in the global IT services landscape. Earlier this year, Coca-Cola announced a strategic partnership with Microsoft…