Page 40 - Tech Prowess News Today

Former Binance CEO Changpeng Zhao (CZ), 47, sentenced to four months in prison by U.S. District Judge Richard Jones in Seattle, becoming the second major crypto boss sent to prison.

The $175 million funding was led by existing investor Sequoia Capital and new investor Coatue. It doubles the $1.5 billion valuation the company attained in a financing last year.

Enforcement Directorate seized Rs 90 crore from cryptocurrency wallets in a money laundering probe connected to the E-Nugget online gaming scam, involving high returns and multiple arrests with assets worth Rs 163 crore seized or frozen.

Delhi High Court criticized Meta for inadequate response to TV Today Networks plea against blocking Harpers Bazaar India on Instagram. The court warned Meta to address the media houses complaint promptly or face consequences.

Designit, a Wipro company that specialises in user experience strategy and implementation, will conduct user research to ensure personalised assistance is offered to employees at the right time.

Google will pay News Corp $5-6 million annually for AI content development, excluding licensing. News Corp denies an AI deal with Google, while AI firms partner with various news organizations for chatbot training.

Government, FinTechs, law enforcement agencies collaborate on addressing cybersecurity, fraud. Workshop discusses registry creation, geotagging transactions, AML system. Topics include digital KYC audits, money mules. Fintech associations, regulators join to address cybersecurity and fraud challenges.

New York Daily News, Chicago Tribune, MediaNews Group sue Microsoft, OpenAI for misusing reporters work. Lawsuit includes Copilot, alleges copying of articles. Ongoing suits by other news outlets. Lawsuits aim for damages and infringement block.

KPIT Technologies shows robust financial performance with significant revenue and profit growth. The company focuses on consistent growth, expanding into new segments, and geographical diversification for future success.

Ahmedabad-based startup Reelo, backed by Gokul Rajaram, raised $1 million. In addition to loyalty programmes, Reelo offers customer acquisition solutions like referral programmes and smart QR codes.