Honeywell Chairman and Chief Executive Officer Vimal Kapur has a blunt message for employees navigating the artificial intelligence (AI) revolution: use AI and keep your job. Kapur said the company does not expect AI-driven productivity gains to translate into workforce reductions, even as the technology…
Category: Tech
Binance’s $6.3 billion hack: How crypto insurance works – CNBC TV18
Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist, highlighting how cryptocurrency exchanges insure their digital assets against theft and cyberattacks. However, insurance protection varies widely. Coverage depends on how assets are stored, how hackers gain access and the specific terms of…
Binance flags ‘potential security issue,’ says approximately $6.3 billion impacted – CNBC TV18
Binance, the world’s largest cryptocurrency exchange, said Thursday it’s investigating reports of a potential security issue as its founder said the incident “does look like a hack on Binance.” The company said late Thursday the estimated total impact was more than $6 billion, which could…
Chip designer MediaTek says AI demand growth will continue ‘for sure’ – CNBC TV18
Demand growth for AI will continue “for sure” although the rate may vary, said Rick Tsai, CEO of Taiwan’s largest chip designer MediaTek, on Friday. Tsai said that demand for its first AI accelerator remains strong, with initial shipments starting last month to generate $2.5…
AI fights AI: Startups help air travellers claw back money when ticket prices fall – CNBC TV18
US airlines are turning to artificial intelligence to help maximize revenue from airfares. Now startups are putting AI to work on the other side of the transaction, helping passengers automatically claw back savings when ticket prices fall. Companies including JetBack, Junova and Refare monitor fares…
India’s RBI tightens cyber checks on lenders after spate of hacks – CNBC TV18
India’s central bank has warned banks of rising cyberattacks on financial infrastructure, seeking proof of compliance with existing rules and details of their preparedness for AI-related risks, three people familiar with the matter said. The Reserve Bank of India’s (RBI) increased vigilance comes at a…
Reliance Industries Q2 Results Live Updates: Jefferies expects 20% growth in O2C EBITDA
– Jefferies is expecting a 20% growth in RIL’s O2C EBITDA both sequentially and year-on-year – The investment banking firm is also expecting a 12% growth in the consumer business EBITDA year-on-year and a 2% growth sequentially. – Jefferies expects the upstream EBITDA to decline…
eMudhra taps KPMG for independent review of weak key generation security incident – CNBC TV18
Digital trust company eMudhra has appointed KPMG to conduct an independent review of the security incident involving the generation of weak private keys linked to eight intermediate digital certificate authorities, the company said on Friday, October 30. The appointment follows the company’s earlier commitment to…
The hidden signals VCs look for before betting on a fintech company – CNBC TV18
Lasting value in fintech will come not from rapid customer acquisition or a flurry of partnerships, but from understanding customers, deploying capital prudently and building systems to manage growth responsibly, writes Sagar Agarvwal, Founder & Managing Partner, Beams Fintech Fund. India’s fintech opportunity is no…
Q2 Results Live Updates: eClerx extends losses to 10%; Multiple price target cuts for Suzlon
eClerx shares have extended their losses for the second day running, now trading 9% lower on Friday. The stock had dropped 11% on Thursday after their Q2 results, which were reported during market hours This is the third straight day of losses for the stock.…