Page 33 - Tech Prowess News Today

Vendors claim Rs 190 crore at NCLT against Byjus. Oppo, BCCI, Cogent E-Services, Teleperformance also file claims. Disputes impede Byjus access to USD 200 million funds. Investors challenge management. Next NCLT hearing on June 6.

DoorDash said its net loss narrowed to $23 million in the first quarter, compared to a loss of $161 million in the same period a year ago. The loss, of 6 cents per share, was higher than the 3-cent loss Wall Street had forecast, according to analysts polled by FactSet. DoorDash said it increased both marketing expenses and research costs during the quarter.

As part of this five-year partnership, approximately 300 engineers from Forvias Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS

Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the countrys AI infrastructure. The pledge comes after he announced a $1.7 bn investment in Indonesia, as well as Thailands first data centre region this week to boost cloud and artificial intelligence infrastructure.

Kaiser Permanente to invest $200-250 million in Innovaccer, with valuations dropping to 10-15x. Mubadala joins the new round. Innovaccer digitizes patient data for US healthcare firms like Orlando Health, MercyOne, and CommonSpirit Health.

Chief executive officer Kwak Noh-Jung said the Nvidia supplier and the worlds second-largest memory chipmaker will begin sending samples of the latest version of HBM chips, called 12-layer HBM3E, in May and begin mass producing them in the third-quarter.

Bengalurus Dexif raises $4M from RTP Global, dealing in fixed income securities. Founded by Bhandari, Sharma, and Bajaj. Aims to enhance tech, attract talent, and expand operations.

Google laid off 200 core team employees to cut costs. These core teams build Googles main products and keep users safe online. The company is moving some of these jobs to India and Mexico. This follows earlier layoffs in 2023 as Google restructures to focus on AI.

MP2 Innovations, led by Mahesh Herle, enhances ONDC by providing a seamless logistics solution for ecommerce players, aiming to address operational challenges and improve delivery experience. Integration with major ecommerce platforms is crucial for ONDCs growth.

Former BharatPe COO Dhruv Dhanraj Bahl launches venture capital fund, Eternal Capital. The fund plans to raise Rs 120 cr with a greenshoe option for a similar amount