Page 171 - Data Science For News Today

The double-digit increase in revenue comes after four quarters of single-digit expansion. Google faced a slowdown in ad revenue, which is core to its business model owing to tough macroeconomic conditions and increased competition from short form video and social media app TikTok.

Google has announced plans to start manufacturing its flagship Pixel 8 phones in India from early 2024. The move is expected to boost Indias efforts to become a global mobile manufacturing hub. The Pixel 8 phones are powered by the Tensor chip, which was designed in India.

Britains Financial Conduct Authority had new powers from Oct. 8 to regulate cryptoasset promotions, and said it has found three common issues so far, and will take action if they are not remedied.

The new fund offer for the same started on October 20 and will be open till November 3.

Same-day delivery is now offered in at least 90 cities, free for Prime members while non-members pay $9.99. The retailer invested heavily in 2020 and 2021 in logistics to make same-day delivery, which it introduced in 2015, available in more places.

Amazon Ads has started rolling out image generation to select advertisers and will expand availability over time.

Metas India arm earns ad revenue by selling ad inventory on Facebook, Instagram, and Messenger. Along with Google, Meta has been one of the biggest beneficiaries of the shift in ad spending from traditional platforms to digital.

This year, during the first week of the festive season sales on ecommerce marketplaces, GMV grew by about 18% to around $4 billion, according to Datum Intelligence, a market research firm.

Bitcoin surged by 10% to reach 1.5-year highs, leading to a rise in crypto-related stocks. This increase was fueled by speculation surrounding the possibility of a bitcoin exchange-traded fund (ETF), which prompted short-sellers to exit their positions.

The Spamouflage campaign, using networks of new and hijacked social media accounts to post bulk messages, took place in August and September, and targeted dozens of lawmakers from across the political spectrum, the foreign ministry said in a statement.