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Paytm Shares Surge Nearly 6% After NPCI Approves Onboarding of New UPI Users

After the National Payments Corporation of India NPCI authorised the business to onboard new customers for digital payments via UPI, reducing a signif

After the National Payments Corporation of India NPCI authorised the business to onboard new customers for digital payments via UPI, reducing a significant regulatory burden, shares of the Indian fintech company Paytm PAYT.NS surged by about 6% on Wednesday. Users of UPI, a popular realtime payment system, may send money without sharing their bank information. The permission came after the Reserve Bank of India RBI ordered the winding down of Paytms banking arm in January, and the companys secondquarter statistics revealed a drop in its user base due to regulatory issues. According to analysts, this action lowers regulatory concerns and might aid Paytm in regaining its customer base. However, a crucial obstacle still stands as the business needs RBI permission for payment aggregation. Read More..

B2B Tech News | 12 days ago      

Western Digital Unveils Worlds Largest ePMR Hard Drives 32TB UltraSMR and 26TB CMR Models for DataDriven Industries

With its 32TB UltraSMR and 26TB conventional magnetic recording CMR HDDs, Western Digital WDC has unveiled the largestcapacity energyassisted perpendi

With its 32TB UltraSMR and 26TB conventional magnetic recording CMR HDDs, Western Digital WDC has unveiled the largestcapacity energyassisted perpendicular magnetic recording PMR hard drives in the world. These drives handle the increasing needs of datadriven businesses, especially in AI applications, and are aimed at hyperscalers, cloud service providers, and enterprise data centres. They provide increased capacity, efficiency, and dependability while drastically lowering the total cost of ownership TCO using cuttingedge technologies like ArmorCacheTM, OptiNANDTM, and triplestage actuators TSA. These highcapacity, lowpower storage systems guarantee adequate data intake and accessibility as AI produces enormous amounts of data. Enterprises may use the new drives, and broader acceptance is expected by the end of 2024. Read More..

B2B Tech News | 12 days ago      

Meta Tests Facial Recognition to Block CelebBait Ad Scams and Streamline Account Recovery

Meta is testing facial recognition technology to help with quicker account recovery and fight "celebbait" marketing schemes. Scammers deceive people i

Meta is testing facial recognition technology to help with quicker account recovery and fight "celebbait" marketing schemes. Scammers deceive people into clicking on harmful links by using pictures of wellknown people. By matching the faces in advertisements to the profile photos of celebrities on Facebook and Instagram, Meta is utilising facial recognition technology to identify and prevent these advertisements. Meta is also investigating video selfies to speed up account recovery, which would enable users to reclaim hijacked accounts by using face recognition to confirm their identity. The business guarantees that video selfies will be encrypted for privacy and that face data wont be saved after usage. The goal of this project is to improve user experience and platform security. Read More..

B2B Tech News | 12 days ago      

BSNL Launches 4G Services in India, Unveils New Logo and Seven Key Features

Bharat Sanchar Nigam Limited BSNL has unveiled a new logo emphasising delivering dependable, costeffective, and secure services as it introduces comme

Bharat Sanchar Nigam Limited BSNL has unveiled a new logo emphasising delivering dependable, costeffective, and secure services as it introduces commercial 4G services in India. Along with these seven new capabilities, the stateowned telecom company unveiled fibrebased intranet TV with more than 500 live channels, a directtodevice D2D connectivity solution for UPI payments in an emergency, spam prevention, and a nationwide WiFi roaming service. Along with launching a private 5G network for mining services in collaboration with CDAC, BSNL intends to implement encrypted communication platforms for crisis management, enabling AI and IoT applications in industrial operations. Read More..

B2B Tech News | 12 days ago      

Elon Musks xAI Launches API for Grok, Bringing AI Chatbot Integration to Developers

An application programming interface API for Grok, Elon Musks AI chatbot, has been released by xAI. Announced on X previously Twitter, this API enable

An application programming interface API for Grok, Elon Musks AI chatbot, has been released by xAI. Announced on X previously Twitter, this API enables developers to incorporate Groks features into platforms and applications. Using Groks large language model LLM, called "grokbeta," the API allows text creation. The xAI terminal provides customisable access to the LLM. Even though the API costs more than its rivals $5 per million input tokens and $15 per million output tokens, developers may use it to build chatbot applications or incorporate chatbot functionality into alreadyexisting ones. Additionally, function calling is supported, allowing for more accurate interactions with the AI model. This release comes after Musk pledged to open Grok to API access in August. Read More..

B2B Tech News | 12 days ago      

Anthropic Unveils AI Model Updates with New Computer Use Feature for Autonomous Task Execution

Alphabet and Amazonbacked AI firm Anthropic presented new "computer use" features and improved AI models that enable the AI to independently carry out

Alphabet and Amazonbacked AI firm Anthropic presented new "computer use" features and improved AI models that enable the AI to independently carry out intricate computer operations like typing, clicking, and mouse movement. This functionality, designed with software developers in mind, is a step towards AI bots that can do multistep tasks with little assistance from humans. The updates impact two models the midtier Sonnet and the less expensive Haiku. The new Claude 3.5 Sonnet model is the only one with this functionality and protection against abuse. Anthropic investigates potential consumer availability while requesting business input to improve the product. Read More..

B2B Tech News | 12 days ago      

BRICS Nations Represent 37.4% of Global GDP, Outpacing G7, Says Putin at Business Forum

President Vladimir Putin stressed at the BRICS business conference that the BRICS group is expected to propel significant global economic growth in th

President Vladimir Putin stressed at the BRICS business conference that the BRICS group is expected to propel significant global economic growth in the future years due to its size and rapid expansion. The summit is scheduled in Kazan from October 22–24. In contrast to the G7, which accounted for 29.3% of the world GDP, the BRICS countries total GDP exceeded $60 trillion last year, or around 37.4%. Putin informed the guests that the goal of BRICS is sustainable growth, not hostility against other countries. Given Russias geopolitical isolation, business executives from South Africa and Egypt recognised the enormous potential inside BRICS, pointing to expansions in infrastructure projects, commerce, and agricultural imports. Read More..

B2B Tech News | 13 days ago      

Hyundai Motor India Shares Fall 5% on Market Debut, Despite Record ₹27,000 Crore IPO

In contrast to the ₹1,960 offer price, Hyundai Motor Indias shares fell 5% on their market debut, listing at ₹1,934. Retail investors hesitated be

In contrast to the ₹1,960 offer price, Hyundai Motor Indias shares fell 5% on their market debut, listing at ₹1,934. Retail investors hesitated because of price worries, fearing limited profits, even though the record ₹27,000 crore $3.3 billion IPO was oversubscribed more than twice. Targeting a $19 billion value, Hyundai, the secondlargest carmaker in India with a 15% market share, saw its market capitalisation close at about ₹1.51 trillion $17.96 billion. Brokerages such as Nomura and Macquarie initiated coverage with "buy" and "outperform" ratings, citing strong potential in Hyundais SUVcentric portfolio amidst slowing car sales in India, despite analysts concerns over the high P/E ratio of 26 times fiscal 2024 earnings compared to Maruti Suzukis 29 times. Read More..

B2B Tech News | 13 days ago