Page 166 - Data Science For News Today

The government, in cross-examination, will likely also ask Pichai why the company pays billions of dollars annually to ensure that Google search is the default in smartphones.

The startup plans to utilise the newly acquired capital to build its infrastructure and technology, attract talent, and enhance its launch frequency and capabilities.

The fundraise, co-led by Nvidias NVentures and Capricorns Technology Impact Fund, brought in new investors Honda Motor and Cubit Capital. Existing backers including Porsche, and venture capital units of Xerox Holdings and General Motors Co also participated.

HCLTechs partnership with Salesforce will be used by Banco do Brasil to hyper-personalise customer relationship and service solutions, drive customer satisfaction and engagement within their omnichannel ecosystem.

Founded by Prashanth Vijay and Tamesh Sharma, Funstop Games claimed its games have seen over 50 million downloads and contributed over $4 million in revenues.

The company launched a review of alternatives last year after activist investor Elliott Management disclosed a stake of nearly $1 billion in Western Digital and pushed it to separate those businesses.

For the anchor portion, the company has allocated 2.36 crore shares at Rs 324 apiece.

Sources say company is in talks with bankers, CEO says yet to appoint one

Testifying on Monday in Googles landmark antitrust trial, Pichai directly contradicted the Justice Departments claims that his companys huge payments to companies such as Apple to be the default internet search option on their popular devices represent its unchecked monopoly power.

The order, which he signed at the White House, requires developers of AI systems that pose risks to US national security, the economy, public health or safety to share the results of safety tests with the US government, in line with the Defense Production Act, before they are released to the public.