The tech world is constantly evolving, with new breakthroughs and developments emerging every day. Stay updated with the latest tech trends and news by exploring today's top headlines.
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Mark Zuckerberg’s fortune surges by $28B after Meta’s record-breaking stock surge
- Meta CEO Mark Zuckerberg’s net worth increased by over $28 billion due to Meta’s record-breaking stock surge.
- Currently, he is the world’s fourth-richest person, with a net worth of $170 billion according to the Bloomberg Billionaires Index.
- The surge was driven by Meta’s impressive quarterly earnings report, leading to a 20% gain in share price.
- Meta’s stock reached an all-time high of $474.99 per share, adding $197 billion to its market capitalization.
- This single-session market value addition surpasses the gains made by Apple.
Xerox inks $355 million tech deal with TCS
- The tech giant has signed a seven-year deal with Tata Consultancy Services (TCS) worth a substantial $355 million.
- This strategic partnership aims to drive digital transformation initiatives within Xerox.
Infosys faces $4 billion tax bill for coding India's tax network
- The IT giant has been issued a hefty tax demand of $4 billion by the Indian tax authorities.
- This development comes after Infosys played a crucial role in developing India's tax network.
Agritech startup Gramophone promotes Navneet Singh Batra as co-founder
- The rising agritech player, Gramophone, has elevated Navneet Singh Batra to the position of co-founder.
US-based Instawork acquires Bengaluru-based Able Jobs
- The global gig economy platform, Instawork, has expanded its footprint in India by acquiring Bengaluru-based Able Jobs.
- This acquisition will enhance Instawork's presence in the Indian market.
Unicommerce raises Rs 124 crore from anchor investors ahead of IPO
- The e-commerce enablement platform, Unicommerce, has successfully raised Rs 124 crore from anchor investors ahead of its much-anticipated Initial Public Offering (IPO).
Nearly 92% of Indian SaaS companies adopted AI in 12 months: Bessemer
- A recent report by Bessemer Venture Partners revealed that a significant 92% of Indian Software-as-a-Service (SaaS) companies have embraced Artificial Intelligence (AI) in the past year.
- This highlights the rapid adoption of AI in the Indian tech landscape.
AI chip startup Groq valued at $2.8 billion after latest funding round
- The AI chipmaker, Groq, has secured a substantial funding round, valuing the company at an impressive $2.8 billion.
ByteDance joins OpenAI's Sora rivals with AI video app launch
- ByteDance’s New Tool: ByteDance has launched Jimeng AI, a text-to-video model available on both Android and iOS.
- Subscription Plans: Jimeng AI offers various subscription plans, including monthly and annual options.
- Competitors: Other Chinese companies like Kuaishou and Zhipu AI have also released similar text-to-video models recently.
- Market Expansion: This move follows a trend of Chinese tech firms entering the text-to-video market, competing with models like OpenAI’s Sora.
What Are ‘Digital Signatures’ That Were Accessed by WazirX Hackers?
- Digital Signatures: They are virtual signing algorithms used for authentication in crypto transactions, providing proof of origin, time of initiation, and status of digital documents.
- WazirX Hack: Hackers accessed digital signatures to steal over $230 million from a multi-signature wallet.
- Security and Cost: While digital signatures enhance security and efficiency, implementing them can be expensive and they are not foolproof.
- Blockchain Impact: Digital signatures are crucial for decentralization, security, and transparency in online transactions
The tech industry continues to witness rapid advancements and disruptions. Staying informed about the latest trends and developments is crucial for businesses and individuals alike. This article provides a snapshot of today's top tech news, offering valuable insights into the dynamic landscape.
Note: This article is based on the information available at the time of writing and may not be exhaustive.
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