Page 34 - Data Science For News Today

The House is expected to pass a bill banning TikTok in the US due to national security concerns. ByteDance must divest TikTok within six months or face prohibition. The Senates approval is needed. The bill has bipartisan support and will undergo thorough review before President Biden signs it into law.

According to a report by virtual private network tracker Top 10VPN, India imposed an internet shutdown of over 5,000 hours in Manipur alone, since the start of the ethnic conflict between the Kukis and Meiteis.

Zomato, Swiggy, Flipkart and Oyo have opposed the new regulations on digital competition proposed by a government-appointed committee. Indian companies that supported the proposal of ex-ante regulations include Paytm and MakeMyTrip, albeit with caveats.

Musk made this comment while reposting a clip from Joe Rogans podcast with American computer scientist Ray Kurzweil. The topic was when AI will achieve human-level intelligence. Musk said that “AI will probably be smarter than any single human next year.”

The funds will be used to expand its technology and product offerings, boost brand presence, and accelerate research and development in diabetes management.

Many more are leaving. Investors at Tiger Global, Paradigm, Lightspeed Venture Partners, Emergence Capital and Spark Capital have all announced plans to step back. Foundry Group, a venture firm in Boulder, Colorado, that has backed 200 companies since 2006, said in January that it would not raise another fund.

Nazara tech managing director and chief executive Nitish Mittersain told ET in an interaction that the firms total cash position stands at Rs 1,500 crore, including funds from its various subsidiaries, from which it is earmarking this amount for buyouts.

The Ministry of Corporate Affairs Committee on Digital Competition Law has advocated for a novel legal framework to govern competition in the digital realm. This proposed law would introduce ex-ante regulations to tackle potential anti-competitive behavior and antitrust concerns, specifically targeting large digital corporations.

The firm is charging a platform fee of Rs 2 per order, over handling charges that can range between Rs 5 to Rs 20, depending on factors like order size, location and time of day. This is different from rival quick-commerce platforms like Zomato-owned Blinkit and Swiggy Instamart that only charge handling fees.

This announcement comes after the company associated with the Government of Haryana as a technology partner for its Haryana Antyodaya Parivar Parivahan Yojana (HAPPY) Scheme to provide free transportation to people below the poverty line within the state.