Author: News Desk
HiWi, a global cross-border remittance fintech, has secured INR 7.25 crore in a pre-Seed funding round, with Unicorn India Ventures and the Unmaj Group Family Office leading the investment. The funds raised will be used for building out the MVP and GTM activities. “I would like to thank Unicorn India Ventures and Unmaj Group for having confidence in HiWi’s vision to make cross-border remittances accessible and convenient for all stakeholders. Although our initial focus is on education, we plan to expand our services to cater to SMEs, further streamlining and enhancing the remittance process,” said Dewang Neralla, Founder of HiWi.…
The center stage of the flourishing electric vehicles (EVs) manufacturing has transposed from tech giant Tesla to its Chinese rival BYD (Build Your Dreams). BYD’s shares surged as it announced that it expects third-quarter profits to more than double from last year’s figures. As a result, the company has reportedly outpaced Tesla in terms of quarterly production and is second only to the American auto giant in global sales. Founded in February 1995, BYD is a high-tech company devoted to technological innovations for a better life. After more than 20 years of its inception, the company has established over 30 industrial…
Are drones the future of freight technology? This is the high-time to discuss the influence of drone technology in logistics services. The e-commerce giant Amazon is planning to introduce prescription drug deliveries via drones, becoming the latest company to explore the use of drone technology for the distribution of medications. The company’s drone-based service is currently only available within two small sites in California and Texas, where it launched less than a year ago. Amazon intends to add a third American location next year. On Wednesday, the company announced that it will introduce autonomous aircraft delivery in Britain and Italy ‘in late 2024’,…
In a significant development, Google has announced its plans to commence the manufacturing of Pixel smartphones in India, starting with the highly anticipated Pixel 8. The move underscores Google’s commitment to fostering local production and aligns with India’s growing prowess in the manufacturing sector. Google’s Local Production Initiative On Thursday, Rick Osterloh, the Head of Devices at Google, revealed the company’s intentions to locally manufacture Pixel phones in India. The Pixel 8, expected to hit the market in 2024, will mark the beginning of this transformative venture. Google plans to collaborate with global manufacturers in India to establish its manufacturing…
In India satellite phones were banned following the 2008 Mumbai terrorist attacks when attackers were found to be using them. Today, India stands on the brink of a new wave of satellite communication that promises to bring broadband internet to the most remote corners of the country. However, several questions loom large. Telecom Titans in the Satcom Arena Is satellite communication becoming the new battleground for disruption in the Indian telecom landscape? Are the telecom giants, Reliance Jio and Bharti Airtel, extending their rivalry into this previously fringe territory? How will international giants like Amazon and SpaceX impact the businesses…
Apple is expanding its offering for iPad users by introducing a new and budget-friendly Apple Pencil. This innovative stylus boasts pixel-perfect accuracy, minimal latency, and tilt sensitivity, promising a seamless experience for digital artists and note-takers alike. Sleek and Convenient Design The new Apple Pencil features a sleek matte finish and a flat side that easily attaches magnetically to the side of an iPad for storage. This design not only enhances portability but also ensures that the Pencil is always within reach. Additionally, the Pencil can be paired and charged using a USB-C cable, simplifying the charging process. Affordable Pricing…
Prominent tech brands are now inclining towards fashion and apparels. To make tech enthusiasts in awe, Adobe surprised the audience at Adobe MAX Conference 2023 by unveiling their brand new innovation ‘Project Primrose’. The project is about a dress that has the ability to instantly change its shape and patterns. During the event, a presenter stepped onto the stage in an ordinary looking dress. Soon after that, the dress transformed from a matte white to a reflective surface, and individual elements changed colors, creating unique and dynamic patterns. This Project Primrose dress is not made from typical fabric, it is…
Social media platform X, formerly known as Twitter, has announced that it will test a new subscription model, under which it will charge a $1 annual fee for basic features. The new subscription termed as “Not A Bot” will charge users for likes, reposts or quoting other accounts’ posts, and bookmarking posts on the web version of the platform, according to a Reuters report. As per the report, the purpose of introducing the new subscription model is to combat bots and spammers, and also the fee will vary from country to country based on the exchange rate. Reportedly, X said, the new…
IBM today announced the signing of three memoranda of understanding (MoUs) with three entities engaged with the Ministry of Electronics and Information Technology (MeitY) to advance and accelerate innovation in AI, semiconductor and quantum technology for India. This body of work will aim to accelerate India’s comprehensive national strategy for AI, strengthen efforts to be self-reliant in semiconductors and advance its National Quantum Mission. These MoUs will help MeitY access IBM’s expertise to build and advance India’s competency and scale its growth mission in the AI, semiconductor and quantum industries. The activities are intended to focus on the following: “This…
In a groundbreaking move, Microsoft is set to become the go-to provider of cloud productivity tools for e-commerce giant Amazon.com, in a massive deal worth more than $1 billion. This development, first reported by Insider, is expected to have far-reaching implications for both tech giants. Amazon’s Long-Term Commitment According to an internal document and an insider source cited by Insider, Amazon has pledged to invest this staggering amount over a span of five years. In return, Amazon will secure access to more than one million Microsoft 365 licences. This commitment signals Amazon’s intent to rely heavily on Microsoft’s cloud productivity…