Tech & Internet
Sellers on Flipkart facing issue in changing price, firm denies any intervention in pricing
The Walmart group firm, however, denied any role in influencing pricing on the platform and said that it is working with sellers to help them understand the new rate card policy.
OpenAI signs multi-year content deal with Time magazine
In response to user queries, the chatbot will cite and link back to the original source on Time.com, the companies added in a statement. The financial terms of the deal were not disclosed.
Amazon plans discount store in US to fight China's Temu and Shein: report
Amazon is launching a new storefront on its website in the US for low-cost items in fashion, lifestyle and home goods. This is the etailer's latest move is being viewed a move to one-up Chinese companies Temu and Shein, which have gained major traction in the US due to their modest prices.
Zomato launches platform to offer hiring, regulatory services to restaurants
Zomato's move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative.
ChatGPT answers went 'undetected', secured better grades than students, study finds
On behalf of 33 'fake students', the researchers at the University of Reading, UK, submitted answers generated by ChatGPT to the examinations system of the School of Psychology and Clinical Language Sciences of the same university.
ONDC to touch 10 million transactions in June: official
Shireesh Joshi, ONDC's president said the company will touch 10 million transactions in June. " We are growing strong, adding about one million transactions month-on-month," he added. Joshi expressed hope that ONDC will surpass major ecommerce players like Flipkart and Amazon in future.
Tamil Nadu plans new international airport in Hosur
The Tamil Nadu government is planning a new airport for Hosur on nearly 2,000 acres of land. Chief minister MK Stalin said this airport will handle nearly three crore passengers every year.
Amazon tops up India payments business with Rs 600 crore
Amazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company invested Rs 950 crore in the platform and Amazon Seller Services, facing challenges due to RBI actions. With tie-ups for various services, Amazon Pay India reported significant operational revenue and narrowed net losses.
Chinese chipmaker Nexperia invests $200 million in European expansion
Nexperia makes 100 billion such chips annually, nearly a quarter of the world's supply. These chips are preferred over traditional silicon chips due to their enhanced efficiency, speed, lightweight nature, and capability to operate effectively in high temperature and high voltage conditions, which are crucial in electrical infrastructure applications.
Crypto firm Abra reaches settlement with US states for operating without licences
Last year, Abra agreed to discontinue accepting cryptocurrency from its US Abra Trade account customers for use in its products and services, according to a statement from the Conference of State Bank Supervisors (CSBS). Abra announced last year that it would wind down operations for its US retail customers, following multiple enforcement actions from state securities regulators.
