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The pilot used the Mastercard Multi-Token Network to settle Web3 transactions involving decentralized applications and digital assets, such as NFTs. The pilot also showcased the potential for funding and settlement in and out of Web3 marketplaces via a retail central bank digital currency (CBDC), such as e-HKD in the future.For the tests, Mastercard simulated a full lifecycle of the hypothetical e-HKD, from minting and distribution to spend and redemption within its sandbox environment.

livestreaming platform has not been seen in public for weeks, state-run media outlets reported, after an investigation into illegal content on his site. DouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during a livestream on the platform, The Paper, a government-run outlet based in Shanghai, reported Monday.

insurance sectors are estimated to account for nearly 45% of the value for India. By investing in AI education and training programmes, India can empower its youth to do more and reduce income gaps.

In Bengaluru, several areas, including Banaswadi, Bayapanhalli, Gunjur, Waddarpalya junction, and Shankar Nagar area were left inundated. The Bengaluru Traffic Police issued an advisory requesting the commuters to use alternate routes in the areas which were flooded. To take of the situation, Karnataka Deputy CM DK Shivakumar paid a surprise visit to the war room of BBMP head office at Hudson Circle at midnight and reviewed the situation.

BEIJING/SHANGHAI (Reuters) -Baidu ordered artificial intelligence chips from Huawei this year, two people familiar with the matter said, adding to signs that U.S. pressure is prompting Chinese acceptance of the firm's products as an alternative to Nvidia (NASDAQ:NVDA)'s.

India is looking at ways such as free trade agreements to enable domestic MSMEs to participate in public procurement of different countries, Commerce Secretary Sunil Barthwal said on Monday.

Square Yards, India’s largest integrated real estate platform, has reached a significant milestone of Rs 100-cr recovery of invested funds, with over 300 legal cases resolved for homebuyers and property owners, with the help of its asset management arm, PropsAMC.

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online shopping frauds. One of the first things to do when shopping online during Diwali is to make sure you are shopping from trusted websites. Stick to well-known and reputable e-commerce platforms.

Hotstar on Tuesday announced that it will make available free streaming of the upcoming season of Pro Kabaddi League for all the mobile users in India starting December 2, 2023 as it is the most watched sport in the country after cricket. «The popularity of Pro Kabaddi League spans across age groups and by making it available to all our audience on Disney+ Hotstar, our aim is to make Kabaddi accessible to all of India and foster a stronger sense of engagement amongst the fans,” said Sajith Sivanandan, the Head of Disney+ Hotstar India. He further noted that the landscape of sports viewing is evolving, as was witnessed by the response to their free on mobile offering during Asia Cup 2023 and ICC Men’s Cricket World Cup 2023. This ad-enabled free streaming of the tenth season of the Pro Kabaddi League, which is set to be conducted in a 12-city caravan format with 12 competing teams, closely follows the success of cricket tournaments on the platform.

Guruprasad Srinivasan, CEO and Kamal Pal Hoda, CFO, Quess Corp, in conversation with ET Now. Huda says: “We have a plan to break even in Foundit business by the end of this year, and we are very much on track. Foundit has had a 35% sales growth quarter on quarter and year on year. And there are a lot of initiatives that have been taken in Foundit to look at our cost base, our marketing costs. The development cost of the new product has been largely through so we expect Foundit to break even by the end of this year.” What is leading to this high EBITDA growth? Has the cash burn in Foundit reduced? Kamal Pal Hoda: Yes, the cash burn in Foundit also reduced, but that is not the only reason for EBITDA to go up. There have been a lot of operational synergies. As you can see, the EBITDA in all four of our platforms have gone up. So the WFM EBITDA has gone up by 5%. GTS the EBITDA has gone up 4% quarter on quarter. OAM, the facility management business, the EBITDA has gone up 14% quarter on quarter. So, yes, there is a reduction in cash burn in Foundit, but that is not the only reason, we had good growth from all our four platforms.

Paisabazaar is looking to clock a net profit from next quarter onwards, in line with its parent PB Fintech, Naveen Kukreja, cofounder and chief executive of the credit marketplace, told ET. The company has been earnings before interest, taxes, depreciation, and amortization (Ebitda) positive since the December quarter.

India is among the top 3 countries worldwide after the USA and UK, leading the online chatter about electric vehicles (EVs), with 0.57 million mentions in 2023, according to a report by Interactive Avenues, a leading full-service digital agency and the digital arm of IPG Mediabrands India. The social listening report «EVolution: Insights on India's rapidly evolving EV market based on social media data» analyses the social media buzz across multiple platforms around both 4-wheeler and 2-wheeler EVs to unearth key growth drivers, pressing category concerns, the latest OEM and government initiatives, the most popular EV brands, and more. Shantanu Sirohi, COO, of Interactive Avenues, said, «While EVs have been around for a long time, the level of innovation and consumer interest in this space has accelerated manifold in the past few years. Using advanced analytics and best-in-class tools, our social team studied the category landscape to create an in-depth report tracing the EV growth story and outlining the latest trends, opportunities, technologies, and consumer needs, with a deep dive into the 4-wheeler and 2-wheeler segments.” The report further stated that EV owners have saved lakhs within the first few years, with a running cost of less than Rs.

Will writing and estate planning is considered an important aspect of financial planning. While wealth creation is important, it is equally important that the assets owned by an individual are easily passed on to their loved ones after his/her death. So, this Diwali, why don't you gift your loved ones a gift card for making a will.

TATA AIG General Insurance Company Limited today said it will offer travel insurance to Air India, for both of its domestic and international travellers. The objective is to enhance Air India passengers’ journeys, thereby allowing them to enjoy their travels, the insurer said. 

LLM in town. Nearly a year after OpenAI’s ChatGPT made waves, leading to an artificial intelligence (AI) race among the world’s tech giants, notably Microsoft, Meta and Google parent Alphabet, a China-based AI startup is giving Silicon Valley a run for its money.

OpenAI introduced its latest AI model called GPT-4 Turbo, which is an upgraded version of its popular ChatGPT chatbot. This new model comes with enhanced capabilities for users to create customized versions of ChatGPT. One of the major announcements made by OpenAI was the reduction in prices for companies and developers who use their software.

Bimaplan has raised $3.5 million in a pre series A funding round led by Orios Venture Partners. Existing investors Finsight Ventures and 2am VC also participated in the round. This takes the total funding raised by the startup to $6 million.

AI hallucinations’, which could result in loss of business, threat to life, and increased costs, amidst increasing adoption of artificial intelligence, experts said. AI hallucination refers to when artificial intelligence produces content or choices that are inaccurate, prejudiced, or unsuitable. In such an occurrence, the AI produces information and behaviours that veer significantly from reality.

Priyanka Gandhi Vadra found herself in an amusing situation when a fellow party member presented her with a bouquet devoid of any actual flowers. This incident was captured on camera during a recent rally held by Priyanka Gandhi Vadra during an election rally in Madhya Pradesh, which goes to the polls on November 25. In the video which is doing the rounds on social media, a man appears on stage and hands over what appears to be bouquet to Priyanka Gandhi Vadra who also was seen bursting into laugher upon realizing the flowers were conspicuously absent. She also gestures to the empty wrapper, seemingly inquiring about the whereabouts of the missing flowers.

deepfake video of herself that had gone viral on social media platforms. She also encouraged others to speak against such situations. “Shame on people who resort to such things, it shows that there's no conscience left at all in such people.