Platform Financial News

A group of nonprofits argued in a legal filing that the federal law requiring TikTok’s parent company to sell the platform, or face a ban, is an unconstitutional measure that restricts speech and makes it impossible for users to associate on the app

Another news organization is suing ChatGPT maker OpenAI and its business partner Microsoft for alleged copyright infringement

Everyone has too many passwords

A fire has broken out on top of a building housing Denmark’s taxation ministry, leading to the evacuation of the offices and adjacent houses

Chess.com posted on its official blog in December 2022. The platform saw its total users go from 25 million at the beginning of 2020 to 75 million in 2021 to over 100 million users in 2022 globally. While Chess has been integral to Indian culture since ancient times, the sport has today gained popularity worldwide, and is played in almost 200 countries.

Kalki 2898 AD’ has barely hit the big screens. However, the producers are already laughing their way to the bank. According to a News 18 report, the Prabhas-Deepika Padukone-Amitabh Bachchan-starrer has been sold to multiple OTT platforms for staggering sums of money. The Hindi version of the Nag Ashwin directorial has been purchased by Netflix for Rs 175 crore. The Tamil, Telugu, Malayalam and Kannada versions have been sold to Amazon Prime Video for a whopping Rs 200 crore. However, the news is yet to be confirmed. Recent reports indicate that the film has unsurprisingly achieved massive ticket sales on its release day across all language versions. An industry tracker website reports that the film sold over 1 million tickets on its premiere day. In pre-sales alone, the film collected Rs 37 crore. Predictions suggest that the film could earn Rs 200 crore on its first day, including impressive ticket sales from global markets like the US.

The recently created team will work with entrepreneurial multi-family offices, independent advisers and wealth managers, providing a platform for order management, as well as the option to book in the UK, a streamlined account opening process and a range of products from complex alternatives to wealth planning. Ian Wright, EFG UK's head of the independent asset managers, will lead the IAM team. Wright has 25 years of experience in the financial services industry, having joined EFG in March 2023 as IAM lead for the UK. EFG AM's Joaquin Thul: UK economic outlook in a changing policy env...

June 27, 2024 — DeltaPrime , a decentralized borrowing and investing platform, is thrilled to announce their Token Generation Event (TGE) on Uniswap and Trader Joe. The TGE marks another i nnovation in crypto with the launch of the $PRIME and $sPRIME tokens on July 1st, 2024. Born in the bear market and operating on the Arbitrum and Avalanche networks, DeltaPrime’s inventive tokenomics design focuses on stable growth of its liquidity pools, as well as enhanced community rewards and governance capabilities.

Zeta Markets, a decentralized exchange (DEX) operating on the Solana blockchain, is launching the Token Generation Event (TGE) for its native token, $ZEX.

Goldman Sachs will finish rolling out its first generative artificial intelligence tool—for code generation—to thousands of developers across the company by the end of the month. Chief Information Officer Marco Argenti said the company’s approach to generative AI involved centralizing all proprietary uses of the technology on an internal platform, and restricting them elsewhere. “It might have slowed us down initially, but then we definitely gained a lot of velocity afterwards," Argenti said.

Route Mobile, a prominent provider of cloud communications platform services, experienced another exceptional day as its shares surged by 17.3% to reach a 30-month high of ₹1,930 apiece, taking the five-day gains to 24%.Today's rally in shares came after the company, during market hours, through an exchange filing, said that its holding company, Proximus Group, and Microsoft signed a 5-year strategic partnership for collaboration on digital communications and cloud.The company said that the newly formed strategic partnership between Microsoft and Proximus will allow both parties to leverage their respective expertise and product leadership, accelerated by the power and potential of AI applications and solutions.Also Read: Sylvan Plyboard IPO share allotment to be finalised today: How to check status? A step-by-step guideThe strategic partnership between Microsoft and Proximus aims to leverage their expertise in AI and cloud services across three main areas. Firstly, they will enhance Communication Platform as a Service (CPaaS) and Digital Identity (DI), improving customer engagement and security.Secondly, Proximus will migrate key platforms to Azure cloud services, enhancing scalability and security while integrating AI technologies.

Mazagon Dock Shipbuilders Share Price Today: Shares of Mazagon Dock Shipbuilders rallied nearly 12 per cent to hit a lifetime record-high mark during intra-day on Thursday, June 27, after bagging the ‘Navratna’ status from the finance ministry. The defence public sector undertaking (PSU) has delivered multi-bagger returns to investors over the last one-to-three-year periods.Shares of the premier warship and submarine builder rallied for the second straight day on June 27 after the finance ministry elevated the defence PSU to the Navratna status.

Satire has long been accepted as a legitimate form of free speech, not constituting defamation. However, with the advent of deepfakes generated by various Generative AI software tools, whether content is parody or defamation is not limited to only the question of what is said, but now includes the question of whether the viewer can reasonably tell who said it.

₹8-10 crore per show, according to industry estimates. Some top-tier names are aware of their standing and might choose to stay firm on the pricing front, but since platforms have a high degree of control over original content, they can manage more favourable rates. “Artistes may demand more, but they would need platforms as much as the platform would need them," Mahajan said.

Sylvan Plyboard (India) IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 24 to June 26, attention now turns to the allotment procedure for Sylvan Plyboard.The allotment for the Sylvan Plyboard IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

China’s second-biggest online shopping event of the year generated big sales, but not necessarily the windfall that retailers have come to expect, analysts say. E-commerce giants like Alibaba Group and JD.com have historically used the weekslong 618 shopping festival to get customers to open their wallets, offering promotions on everything from Coach handbags to iPads.

HeartSciences is going all-in on artificial intelligence. The company recently announced that it's shifting its focus from a single AI-enabled device to a comprehensive cloud-based platform, a pivot accompanied by a major licensing deal with Mount Sinai for a suite of cutting-edge AI algorithms.The strategic gambit comes as new CDC data reveals the devastating toll the COVID-19 pandemic has taken on the nation's cardiovascular health.

Winny Immigration debuted on the NSE SME platform with a premium of 71% on Thursday. The stock was listed at Rs 240 as against an issue price of Rs 140. Ahead of the debut, the company's shares were trading with a premium of Rs 75 in the unlisted market.

IIFL Securities today fell 7% to a low of Rs 219.45 on account of the company’s association with Sanjiv Bhasin, who is facing Securities and Exchange Board of India (SEBI) inquiry for alleged stock manipulation. Sanjiv Bhasin is a known face on various business news channels and digital media platforms, where he discusses trading ideas pertaining to stocks and was associated with IIFL Securities as a Consultant on a contractual basis.

expects advertising revenue to touch ₹1,000 crore in the next 12 months. The company's advertising revenue has already hit ₹400 crore. “The advertising business is scaling rapidly and is growing at the rate of 150% year-on-year, driving up margins steadily," Zepto co-founder and chief executive officer Aadit Palicha said in an earlier interview with Mint.

25 US states on Wednesday reached a deal with crypto platform Abra and its CEO for failing to obtain necessary licenses.