India’s digital payments activity moderated in April after hitting all-time highs in March, with Unified Payments Interface (UPI) transactions registering a marginal month-on-month dip, largely due to year-end seasonality. Data from the National Payments Corporation of India showed UPI transaction value declined 1.7% to ₹29.03 trillion in April, compared with ₹29.53 trillion in March. Volumes … Read more
Meta Platforms Inc. has acquired Assured Robot Intelligence, a startup developing artificial intelligence models for robots, as part of a major initiative to build humanoid technology. The social networking giant closed the acquisition Friday, according to a spokesperson. Meta said the startup is “at the frontier of robotic intelligence designed to enable robots to understand, … Read more
“AMZN is adding the most AI capacity of any company over the next few years, and as the coming wave of Agentic AI products take form, all roads lead to AWS,” one analyst said. Amazon.com posted impressive earnings results Wednesday, and Wall Street is betting that the print only marks the beginning of a much … Read more
Meta Chief Executive Mark Zuckerberg attributed the Facebook parent’s planned layoffs to increased capital spending for AI, and declined to rule out further job cuts, in comments to employees at a company town hall on Thursday. “We basically have two major cost centers in the company: compute infrastructure and people-oriented things,” Zuckerberg said in the … Read more
Even if accused are acquitted in predicate offences, the Enforcement Directorate (ED) should not halt money laundering investigations and must explore fresh legal avenues, Additional Solicitor General SV Raju said on ED Day, underlining a critical legal position amid ongoing judicial scrutiny of the Prevention of Money Laundering Act (PMLA). The remarks come as courts, … Read more
India will roll out a mobile-based disaster communication system on May 2, aimed at delivering near real-time emergency alerts directly to citizens’ phones. Union Home Minister Amit Shah will launch the system in the presence of Communications Minister Jyotiraditya Scindia. The platform has been developed by the Department of Telecommunications (DoT) in collaboration with the … Read more
Apple has accused India’s competition body of exceeding its powers by pushing the US tech company to submit its financials in an antitrust case related to the iPhone apps market, while Apple challenges the law governing penalties, documents show. An April 24 non-public Indian court submission by Apple, reviewed by Reuters on Thursday, is the … Read more
Apple has accused India’s competition body of exceeding its powers by pushing the US tech company to submit its financials in an antitrust case related to the iPhone apps market, while Apple challenges the law governing penalties, documents show. An April 24 non-public Indian court submission by Apple, reviewed by Reuters on Thursday, is the … Read more
Big Tech’s push into artificial intelligence is driving capital expenditure to unprecedented levels, with total AI-related spending now projected to reach as much as $725 billion. That figure is not only rising rapidly but is now higher than the GDP of several smaller countries, underlining the sheer scale of investment flowing into the sector. The … Read more
Japan will begin its first airport trial using humanoid robots in May 2026. The project is led by JAL Ground Service Co., Ltd. and GMO AI & Robotics Trading Co., Ltd., which are working together to test the use of robots in ground handling at major domestic airports. Ground handling includes aircraft towing, baggage and … Read more
