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Ripple Offered to Buy Stablecoin Rival Circle or Up to $5 Billion
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
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Google Says Deep AI Investments Powering Ad Sales, Soothing Anxious Investors
Alphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday. The search giant's first-quarter profit and revenue beat expectations, and the company said it would buy back $70 billion (roughly Rs. 5,97,800 crore) in stock, adding $75 billion (roughly Rs. 6,40,362 crore) to its mark...
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Google Faces GBP 5 Billion UK Lawsuit for Abusing Dominance in Online Search
Google is being sued in Britain for potential damages of up to GBP 5 billion (roughly Rs. 56,536 crore). The class action, filed at the Competition Appeal Tribunal on Tuesday, argues that Google's actions enabled it to charge higher prices for the advertisements that appear in search inquiries than it otherwise could in a competitive market.
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Amazon Submits Bid to Buy TikTok, Adding 11th Hour Intrigue to Acquisition Drama
Amazon.com became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion (roughly Rs. 5,13,272 crore).
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Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
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Alibaba Qwen 2.5 Vision Language Model Released in a Smaller Size, Packs Agentic Capabilities
Alibaba’s Qwen team released another artificial intelligence (AI) model to the Qwen 2.5 family on Monday. Dubbed Qwen 2.5-VL-32B, the AI model comes with improved performance and optimisations. It is a vision language model with 32 billion parameters, and it joins the three billion, seven billion, and 72 billion parameter size models in the Qwen ...
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Apple Losing Over $1 Billion a Year on Apple TV+ Streaming Service: Report
Apple spent more than $5 billion (roughly Rs. 43,020 crore) a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million (roughly Rs. 4302 crore) last year, the report said.
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Chandrayaan-5 Mission Approved, To Carry 250 kg Rover: ISRO Chief
The space agency aims to launch Chandrayaan 5, and 6 by the next decade -- with an aim "to achieve the milestone of a $44 billion space sector by 2035".
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Apple Refreshes Mac Studio With M4 Max and M3 Ultra Chips and Apple Intelligence: Price, Specifications
Apple refreshed its Mac Studio with new chipset options on Wednesday (March 5). When buying the small-form-factor workstation, customers can choose between either the M4 Max or the newly launched M3 Ultra SoCs. The company says it is positioned above the Mac mini and is built for Apple Intelligence — its suite of artificial intelligence (AI) feat...
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US President Trump, TSMC Announce $100 Billion Plan to Build 5 New US Factories
TSMC plans to make a fresh $100 billion (roughly Rs. 8,73,656 crore) investment in the US that would involve building five additional chip facilities in the country. The company's Taiwan-listed shares opened down 2.25 percent on Tuesday and were trading about 1.5 percent lower at 0413 GMT.
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UK PM Announces $2 Billion Deal To Fund Air-Defence Missiles For Ukraine
British Prime Minister Keir Starmer on Sunday announced a new 1.6 billion pound ($2 billion) deal that would allow Ukraine to purchase 5,000 air-defence missiles using export finance.
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Saudi Arabia To Invest $5 Billion In AI Data Centre
A Saudi company will invest $5 billion to build an artificial intelligence data centre in the futuristic city of NEOM, state media reported.
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Moon's Geological Activity: New Evidence Suggests Surface Changes Persist
New research suggests the Moon may still be geologically active, as 266 newly discovered wrinkle ridges indicate recent surface changes. The study estimates these ridges formed within the last 160 million years, challenging the belief that lunar activity ended billions of years ago. Scientists believe continued contraction could cause moonquakes, p...
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Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024
Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”
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5 Things to Know About Apple's Performance in India From CEO Tim Cook's Q4 Results Call
Apple reported its Q4 2024 earnings on Thursday, revealing that the company's revenue was up 4 percent to $124.3 billion and earnings per share were up 12 percent to $1.64. Services revenue hit a record $25 billion in Q4 2024. Apple CEO Tim Cook announced plans to expand Apple Intelligence features and noted 'double-digit' growth in Brazil, Mexico,...
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Ripple Offered to Buy Stablecoin Rival Circle or Up to $5 Billion
Ripple has offered to acquire USDC-issuer Circle for $4 billion (roughly Rs. 33,843 crore) to $5 billion (roughly Rs. 42,300 crore) but the offer was deemed too low and rejected. While Ripple remains interested in Circle, it hasn’t decided whether to make another offer.
-
Google Says Deep AI Investments Powering Ad Sales, Soothing Anxious Investors
Alphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday. The search giant's first-quarter profit and revenue beat expectations, and the company said it would buy back $70 billion (roughly Rs. 5,97,800 crore) in stock, adding $75 billion (roughly Rs. 6,40,362 crore) to its mark...
-
Google Faces GBP 5 Billion UK Lawsuit for Abusing Dominance in Online Search
Google is being sued in Britain for potential damages of up to GBP 5 billion (roughly Rs. 56,536 crore). The class action, filed at the Competition Appeal Tribunal on Tuesday, argues that Google's actions enabled it to charge higher prices for the advertisements that appear in search inquiries than it otherwise could in a competitive market.
-
Amazon Submits Bid to Buy TikTok, Adding 11th Hour Intrigue to Acquisition Drama
Amazon.com became the latest big name to jump into the fray, submitting a bid to the White House to buy out a business once valued at $60 billion (roughly Rs. 5,13,272 crore).
-
Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
-
Alibaba Qwen 2.5 Vision Language Model Released in a Smaller Size, Packs Agentic Capabilities
Alibaba’s Qwen team released another artificial intelligence (AI) model to the Qwen 2.5 family on Monday. Dubbed Qwen 2.5-VL-32B, the AI model comes with improved performance and optimisations. It is a vision language model with 32 billion parameters, and it joins the three billion, seven billion, and 72 billion parameter size models in the Qwen ...
-
Apple Losing Over $1 Billion a Year on Apple TV+ Streaming Service: Report
Apple spent more than $5 billion (roughly Rs. 43,020 crore) a year on content since launching Apple TV+ in 2019 but trimmed it by around $500 million (roughly Rs. 4302 crore) last year, the report said.
-
Chandrayaan-5 Mission Approved, To Carry 250 kg Rover: ISRO Chief
The space agency aims to launch Chandrayaan 5, and 6 by the next decade -- with an aim "to achieve the milestone of a $44 billion space sector by 2035".
-
Apple Refreshes Mac Studio With M4 Max and M3 Ultra Chips and Apple Intelligence: Price, Specifications
Apple refreshed its Mac Studio with new chipset options on Wednesday (March 5). When buying the small-form-factor workstation, customers can choose between either the M4 Max or the newly launched M3 Ultra SoCs. The company says it is positioned above the Mac mini and is built for Apple Intelligence — its suite of artificial intelligence (AI) feat...
-
US President Trump, TSMC Announce $100 Billion Plan to Build 5 New US Factories
TSMC plans to make a fresh $100 billion (roughly Rs. 8,73,656 crore) investment in the US that would involve building five additional chip facilities in the country. The company's Taiwan-listed shares opened down 2.25 percent on Tuesday and were trading about 1.5 percent lower at 0413 GMT.
-
UK PM Announces $2 Billion Deal To Fund Air-Defence Missiles For Ukraine
British Prime Minister Keir Starmer on Sunday announced a new 1.6 billion pound ($2 billion) deal that would allow Ukraine to purchase 5,000 air-defence missiles using export finance.
-
Saudi Arabia To Invest $5 Billion In AI Data Centre
A Saudi company will invest $5 billion to build an artificial intelligence data centre in the futuristic city of NEOM, state media reported.
-
Moon's Geological Activity: New Evidence Suggests Surface Changes Persist
New research suggests the Moon may still be geologically active, as 266 newly discovered wrinkle ridges indicate recent surface changes. The study estimates these ridges formed within the last 160 million years, challenging the belief that lunar activity ended billions of years ago. Scientists believe continued contraction could cause moonquakes, p...
-
Meta’s Reality Labs Unit Posts $5 Billion in Losses in Q4 2024
Reality Labs logged a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4, 2024. In an attempt to explain losses for Reality Labs, Meta CEO Mark Zuckerberg said, “generative AI, Reality Labs generally are more technical organisations which means higher cost and space being relative for their business functions.”
-
5 Things to Know About Apple's Performance in India From CEO Tim Cook's Q4 Results Call
Apple reported its Q4 2024 earnings on Thursday, revealing that the company's revenue was up 4 percent to $124.3 billion and earnings per share were up 12 percent to $1.64. Services revenue hit a record $25 billion in Q4 2024. Apple CEO Tim Cook announced plans to expand Apple Intelligence features and noted 'double-digit' growth in Brazil, Mexico,...
