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GLOBAL NEWS

Robinhood Launches $1 Billion Share Buyback Program, Signaling Maturity

Starting this years third quarter, Robinhood Markets HOOD.O plans to repurchase $1 billion worth of equities through its first share buyback programme

Starting this years third quarter, Robinhood Markets HOOD.O plans to repurchase $1 billion worth of equities through its first share buyback programme. This action shows that the 11yearold business, wellknown for its retail trade software, is beginning to mature. Although buybacks are generally linked to more established companies, Robinhoods move indicates its efforts to draw in investors looking for evidence of growth beyond its first stages of development. Following the bell, the news increased shares by 4.3% to $21.34, potentially reaching alltime highs not seen since December 2021. Even with the recent advances, Robinhoods stock is still below its August 2021 top, forcing the business to expand its product line to include a credit card and retirement account to meet changing consumer needs. Read More..

B2B Tech News | 1 months ago      

Starlink Outage Affects Over 40,000 Users, Service Restored

On Tuesday, Elon Musks Starlink, SpaceXs satellite internet division, suffered a brief outage that affected about 41,393 subscribers. Still, the firm

On Tuesday, Elon Musks Starlink, SpaceXs satellite internet division, suffered a brief outage that affected about 41,393 subscribers. Still, the firm said that services have since been fully restored. Users could not connect for almost an hour during the outage until Starlink fixed the network problem. With over 60% of the approximately 7,500 satellites in orbit above Earth, Starlink remains a significant player in the satellite internet market despite the setback. The outage highlights the difficulties in delivering satellite internet service without interruption, especially given the rising demand for dependable access in remote locations. Read More..

B2B Tech News | 1 months ago      

Apples WWDC 2024 to Feature Major Software Updates and AI Innovations

Targeting the worldwide developer community, Apples Worldwide Developers Conference WWDC 2024 is set for June 10–14. At 1030 p.m. IST, the event wil

Targeting the worldwide developer community, Apples Worldwide Developers Conference WWDC 2024 is set for June 10–14. At 1030 p.m. IST, the event will begin with a keynote speech by CEO Tim Cook and other top executives, broadcast live on Apple platforms. Apple professionals will lead more than 100 technical courses. Significant announcements are anticipated to encompass software upgrades for iOS, iPadOS, macOS, tvOS, visionOS, and watchOS. With iOS 18, Apple will probably announce its collaboration with OpenAI and roll out AI capabilities like voice memo transcription and automatically created emojis. With AI integration, Siri will become more conversational. In addition, the conventional grid arrangement can be abandoned in favour of customisable app icons. Information on Apples AI approach and upcoming features will be revealed at the event. Read More..

B2B Tech News | 1 months ago      

Indian National Pleads Guilty to $37 Million Coinbase Fraud Scheme in U.S.

Chirag Tomar, an Indian native, entered a guilty plea to charges of wire fraud conspiracy in the United States. He acknowledged creating a phoney webs

Chirag Tomar, an Indian native, entered a guilty plea to charges of wire fraud conspiracy in the United States. He acknowledged creating a phoney website resembling the Coinbase cryptocurrency exchange to steal over $37 million. 30yearold Tomar may spend up to 20 years in jail and pay a $250,000 fine. The 20th of December, 2023, saw his arrest. Users were tricked into giving their login information and twofactor authentication codes by the bogus website "CoinbasePro[.]com," which made it possible for their Bitcoin to be stolen. Among the victims was a citizen of North Carolina who lost more than $240,000. Tomar travelled and purchased upscale goods with the stolen money. The arrest of Srikrishna Ramesh in India for a different Bitcoin theft cooccurs in this case. Read More..

B2B Tech News | 1 months ago      

WhatsApp Developing AIGenerated Image Feature for Chats

According to reports, WhatsApp, one of the most popular messaging applications in the world with over 2.4 billion monthly active users, is working on

According to reports, WhatsApp, one of the most popular messaging applications in the world with over 2.4 billion monthly active users, is working on a new feature that would allow users to create AIgenerated graphics within chats. This suggests a more comprehensive AI integration agenda, and it comes after rumours concerning AIgenerated profile images. The soontobe feature, dubbed AIpowered photos, is not yet accessible to beta testers and is still in the early stages of development. Eventually, a "Imagine" option in the attachment menu will allow users to create these graphics. The Android 2.24.12.4 WhatsApp beta was found to include the functionality. Official support sites indicate that it will soon be released, even if it isnt yet operational and promises exciting improvements to user interactions. Read More..

B2B Tech News | 1 months ago      

QX Lab AI Unveils Ask QX PRO with Enhanced Multimodal Capabilities

An improved version of Ask QX, the companys generative AI platform, has been released by QX Lab AI. Multimodal features are part of the update, includ

An improved version of Ask QX, the companys generative AI platform, has been released by QX Lab AI. Multimodal features are part of the update, including texttoimage, texttocode translation, document analysis, and imagetotext production. With 4 million regular users, Ask QX has had over 15 million users since its launch. Ask QX PRO, available in more than 120 languages, prioritises data privacy and stores user data locally per UK and EU laws. The platform is designed to meet the demands of both personal and professional users with its extensive features and specialised architecture. Arjun Prasad, cofounder and CSO, emphasised the emphasis on Europe and the goal of broad adoption through tactical alliances. MidJune sees the release of the premium model, although the free version is now accessible. Read More..

B2B Tech News | 1 months ago      

Africas VC Landscape From Boom to Reevaluation

Africas venture capital scene has undergone turbulent times recently, with company investments skyrocketing from $1.3 billion to $4 billion between 20

Africas venture capital scene has undergone turbulent times recently, with company investments skyrocketing from $1.3 billion to $4 billion between 2019 and 2021. However, a decline to $2.27 billion in 2023, comparable to pre2016 levels, denotes a change. Eghosa Omoigui of EchoVC attributes this shift to global issues and low lending rates. Timbuktoo Africas founder, Dr. Eleni Z. GabreMadhin, advocates for cooperation between governments and institutional investors, emphasising the necessity of a robust local investment base to maintain VC inflows. The author advocates for companies to implement a multicountry approach early to reduce risks and get sustained venture capital funding. The author emphasises the significance of overcoming obstacles while fostering Africas technology sector. Read More..

B2B Tech News | 1 months ago      

PhonePe Revolutionizes CrossBorder Payments UPI Now Accessible in Sri Lanka

PhonePes users may now make UPI payments all around Sri Lanka thanks to a partnership with LankaPay. Thanks to this partnership, PhonePe customers vis

PhonePes users may now make UPI payments all around Sri Lanka thanks to a partnership with LankaPay. Thanks to this partnership, PhonePe customers visiting Sri Lanka may efficiently utilise UPI to make payments at LankaPay QR businesses. This is made possible via the Unified Payments Interface and the LankaPay National Payment Network. The usage of INR for transactions will streamline currency conversion for users. PhonePes International Payments division CEO, Ritesh Pai, emphasised the ease of use that Indian travellers will experience from this relationship. Channa de Silva, CEO of LankaPay, expressed enthusiasm about improving payment experiences for businesses and travellers. The importance of this UPI launch for bilateral economic partnerships and the future of digital payments in Sri Lanka was also stressed by the Indian High Commissioner to Sri Lanka, Santosh Jha, and Central Bank of Sri Lanka Governor Nandalal Weerasinghe. Read More..

B2B Tech News | 1 months ago