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Home Archives for May 5, 2023

Day: May 5, 2023

68 posts
  • News

    5G Smartphone Shipments Increase by 14% in India in Q1 2023

    • Tom
    • May 5, 2023
    According to a report, 5G smartphone shipments in India increased by 14% year-on-year in Q1 2023. However, India’s overall smartphone market shipments declined by 21% year-on-year in the same period.
    • News

      Three-quarters of smartphone users suffer from nomophobia: Counterpoint Research

      • Tom
      • May 5, 2023
      According to Counterpoint Research, 75% of smartphone users in India suffer from nomophobia. Nomophobia is the fear of being disconnected from one’s smartphone.
      • News

        Foxconn’s April Sales Decrease 12% Due to Slowing Smartphone Business

        • Tom
        • May 5, 2023
        Foxconn’s revenue in April was T$429.2 billion ($14 billion). This was in line with the company’s own expectations. The decrease in sales was due to a slowing smartphone business.
        • News

          Apple CEO Tim Cook calls opening of first two retail stores in India a ‘milestone’

          • Tom
          • May 5, 2023
          Apple’s CEO Tim Cook terms the opening of the first two retail stores in India – in Mumbai and Delhi – as a “milestone” for the company.
          • News

            Animpet Ecomm Launches Ecommerce Platform for Animal Products

            • Tom
            • May 5, 2023
            Animpet Ecomm, an agritech startup, has launched an ecommerce platform for animal products. The company aims to represent an estimated Rs 32 lakh crore economy revolving around the animal wealth…
            • News

              OpenAI’s losses reach $540 million last year due to high costs of developing ChatGPT

              • Tom
              • May 5, 2023
              OpenAI’s losses reached $540 million last year due to the high costs of developing ChatGPT. Developing AI models is a capital-intensive process.
              • News

                Coinbase reduces losses with cost cuts and increased revenue sources

                • Tom
                • May 5, 2023
                Coinbase has reduced its losses through cost cuts and increased revenue sources. The company has seen an increase in subscription and services revenue due to a deal with One River…
                • News

                  Apple and Fintechs Take Advantage of Rising Interest Rates

                  • Tom
                  • May 5, 2023
                  Interest rates have risen, creating an opportunity for fintechs to provide high-yield products. Apple and other fintechs are taking advantage of this opportunity. The rise in interest rates is coupled…
                  • News

                    Google-backed fund invests in two Indian organizations for AI-based climate change solutions

                    • Tom
                    • May 5, 2023
                    A seed fund was founded by the Asian Venture Philanthropy Network (AVPN) with support from Google.org and the Asian Development Bank. The fund is meant to support local organizations developing…
                    • News

                      WHO declares Covid is no longer a global health emergency

                      • Tom
                      • May 5, 2023
                      The World Health Organization (WHO) has declared that Covid is no longer a global health emergency.
                      • News

                        Veteran VC suggests Elon Musk’s call to slow AI development is a ploy to catch up with the competition

                        • Tom
                        • May 5, 2023
                        Elon Musk was one of over 1,000 people to sign an open letter in March calling for a six-month pause on more powerful AI developments. A veteran venture capitalist suggests…
                        • News

                          IBM CEO warns employees that working from home may hinder career growth and promotions

                          • Tom
                          • May 5, 2023
                          Arvind Krishna, IBM’s CEO, warned employees that working from home may hinder career growth and promotions. He explained that it may be harder to move from one role to another…
                          • News

                            Railways to Enable Online Bookings for Pets on Trains: Report

                            • Tom
                            • May 5, 2023
                            According to the report, the Indian Railways is making changes to its software to allow for online bookings for pets on trains. The facility of online booking for animals will…
                            • News

                              Vice and BuzzFeed Fall to Earth: ‘Like Icarus—Now Everyone is Burnt’

                              • Tom
                              • May 5, 2023
                              The era of high valuations for start-up youth media appears to be over. Vice is reportedly “heading for bankruptcy” and BuzzFeed News is shutting down. This is reminiscent of the…
                              • News

                                Teachmint Edtech Startup Lays Off 70 Employees

                                • Tom
                                • May 5, 2023
                                Edtech startup Teachmint has laid off 70 employees. This appears to be the second leg of layoffs for the Bengaluru-based company. In December 2022, the startup had already let go…
                                • News

                                  India weighs allowing foreign investment in nuclear power industry

                                  • Tom
                                  • May 5, 2023
                                  A government panel, headed by Prime Minister Narendra Modi, has recommended allowing foreign investment in India’s nuclear power industry. The panel was set up by the think-tank Niti Aayog. India…

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