GOOGLE PHONES
What the arrival of AI phones and computers means for our data
Apple, Microsoft, and Google are leading the way in the development of artificially intelligent smartphones and computers, requiring more user data for tasks like photo editing and call monitoring. This raises privacy concerns as AI needs access to personal data across devices and apps.
Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders
The widely anticipated display of AI to be embedded in the iPhone and other Apple products will be the marquee moment at an event that traditionally previews the next version of software that powers the company's hardware lineup.
Apple to break AI silence at developers conference
Apple on Monday will attempt to persuade doubters on its AI strategy after rivals raced ahead in adopting artificial intelligence. ChatGPT-style AI voraciously feeds off data and Apple will be at pains to fight the AI race while living up to its traditional position on safeguarding data privacy.
Chinese smartphone brands drive AI proliferation in 2024, led by Oppo
The second half of 2024 will see a surge in generative AI use in smartphones, spearheaded by Chinese brands like Oppo, Nothing, and Vivo. Analysts predict more AI features in lower-priced models, expanding beyond premium flagships. Oppo leads with over 100 AI capabilities and 5,399 AI patents. With AI phones projected to make up 11% of the global market, the segment will see significant growth, particularly in sub-$1000 models, driven by aggressive innovation from Chinese manufacturers.
Paytm reports almost flat growth in UPI payments in May
After RBI restricted Paytm Payments Bank, the UPI transactions on the Paytm app fell. This is the first month the fall has been arrested since February. In terms of the share of UPI payments by volume, Paytm stood at around 8.1% in May — almost at the same level as the previous month.
Apple faces pressure to deliver on AI at developer conference
Apple is expected to make the case next week that it is not being left behind as tech world rivals blaze ahead with artificial intelligence. Since Apple makes most of its money from selling iPhones and other hardware, AI integrations will likely focus on its devices and services working more seamlessly together, said Creative Strategies analyst Carolina Milanesi.
Oppo sets up AI centre in China, rolled out over 100 Gen AI features on phones this year
Chinese smartphone brand Oppo said it has rolled out over 100 generative AI capabilities to its phones this year, and has set up an AI R&D center in China to develop proprietary technologies, having filed over 5,399 patents on the emerging technology worldwide.
UPI transactions set new record, scale 14 billion peak in May
The Unified Payments Interface (UPI) network, operated by the National Payments Corporation of India (NPCI), has achieved a significant milestone by processing a record 14.04 billion transactions in May, surpassing the 13.3 billion transactions recorded in April. In terms of value, UPI facilitated transactions amounting to ₹20.45 lakh crore in May, compared to ₹19.64 lakh crore in April, as per the data released by NPCI on Saturday.
UPI transactions scale 14 billion peak in May
The record high transactions come after a month-on-month dip in volumes in April to 13.3 billion, with the network dropping 1% from 13.44 billion in March. In May, the average daily transaction value was Rs 65,966 crore with average daily volumes at 453 million. UPI is the fastest growing digital payments channel in the country.
Adani Group plans ecommerce, payments ventures: FT report
Adani Group is considering applying for a license to operate on India's public digital payments network and planning a co-branded credit card with banks, aiming to enter the booming digital payments market.
Google invests $350 million in Flipkart as part of nearly $1 billion funding round
Flipkart secures $1 billion funding with investments from Google and Walmart. Walmart, which holds an 85% stake, invested $600 million in the round. Valued at $35-36 billion, Flipkart plans to expand with Google's cloud collaboration.
Google picks southern Indian state for smartphone production
Google is set to invest billions in Tamil Nadu, India to produce smartphones and drones. The move follows a trend of tech companies, like Apple, shifting production from China. The state aims to boost advanced manufacturing, with Google's decision contributing to its transformation. This shift benefits India's economy and aligns with Prime Minister Modi's incentives to attract electronics manufacturers.
India’s electronic manufacturing service industry is humming — now to stick to the flight path
India's competitiveness will depend on continuing reforms, de-bureaucratisation, contract enforcement, effective dispute resolution mechanisms, last-mile facilitation, building of sectoral ecosystems, and governance law and order stability.
Beware! Your phone calls may be monitored in real-time. Know about Google's AI-powered scam detection tool
Privacy advocates across the globe are currently in a fix as Google is working on an AI-based software that will monitor phone calls in real-time to detect any fraudulent activity or scams.
Google will now protect you against fraud with new scam call detection feature for Android: Here's how
Google unveiled an AI-powered scam call detection feature at Google I/O 2024, aimed at protecting Android users from phone scams. The feature, powered by Gemini Nano, analyzes conversations in real-time for fraudulent language and patterns. It operates locally on devices, ensuring privacy. Users will need to opt-in to use this proactive security tool, with more details expected later this year. Compatibility is currently limited to select flagship models, highlighting Google's commitment to enhancing user protection.
Apple will revamp Siri to catch up to its chatbot competitors
Introduced in 2011 as the original virtual assistant in every iPhone, Siri had been limited for years to individual requests and had never been able to follow a conversation. It often misunderstood questions.
iOS 18: Your iPhone may soon have ChatGPT
Apple is nearing a partnership with OpenAI to integrate the startup’s technology into the iPhone, part of a broader effort to boost its devices with AI capabilities. Talks are progressing regarding incorporating ChatGPT into iOS 18, Bloomberg sources revealed.
NPCI to delay payments market cap, helping Walmart-backed PhonePe, Google Pay
India delays market share caps for digital payments, benefiting PhonePe and Google Pay. NPCI extends UPI market share cap deadline. PhonePe's UPI share increases to 48.3%, while Google Pay's decreases. Total transactions volume reaches 11.5 billion.
UPI Service providers sought regulatory intervention to make transactions remunerative
The UPI payment ecosystem is currently under the sway of two major players – Google Pay, commanding a substantial 47% market share, and PhonePe, a Walmart subsidiary, holding a significant 37% share. This duopoly underscores the competitive landscape and the uphill battle faced by smaller players.
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