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Sandhya Gupta

I am a law graduate from NLU Lucknow. I have a flair for creative writing and hence in my free time work as a freelance content writer.

Apple Stock Rises Amid Report It’s in Talks With Google About AI for iPhones

Apple Stock Rises Amid Report It’s in Talks With Google About AI for iPhones

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Apple’s stock surged by 2.7% to $177.24 in Monday’s trading following reports from Bloomberg about ongoing discussions between Apple and Google. The discussions revolve around a potential deal where Apple would incorporate Google’s Gemini artificial intelligence engine into the iPhone’s software. Gemini, known for its suite of generative AI models, could find its way into iPhones later this year, according to sources familiar with the matter. This move comes after Apple had similar discussions with OpenAI, backed by Microsoft, highlighting Apple’s strategic focus on leveraging advanced AI technologies.

Market Dynamics and Investor Response

Apple Stock Rises Amid Report It’s in Talks With Google About AI for iPhones

Image Source: finance.yahoo.com

The news of Apple’s potential collaboration with Google in the AI domain sent positive signals to investors, with Google-parent Alphabet witnessing a 6.9% surge in its stock price to $150.98, its most significant jump since November 2022. Apple’s stock performance had faced challenges earlier in the year, declining by 10% since January 1 amidst concerns about its AI capabilities compared to other tech giants. However, the prospect of integrating Google’s AI into iPhones has reinvigorated investor confidence, with analysts at Wedbush expressing optimism and maintaining an Outperform rating on both Alphabet and Apple.

Apple's Approach to AI and Future Prospects

While Apple has faced scrutiny for its perceived lag in AI advancements compared to competitors, particularly in cloud-based AI, its focus has been on developing software tailored for its hardware ecosystem. Partnering with Google could potentially bridge this gap and enhance Apple’s AI capabilities, although some analysts caution that it may also imply a reliance on external technologies rather than substantial in-house innovations.

Regulatory Implications and Industry Dynamics

The potential collaboration between Apple and Google in the AI realm also raises regulatory considerations, especially given their existing partnership where Google serves as the default search engine on Apple devices. The U.S. Department of Justice’s ongoing scrutiny of Google’s dominance in online advertising underscores the complex dynamics in the tech industry, particularly regarding partnerships and market influence.

Also Read: Payments Startup Zilch Set for Profitability and Eyes IPO in Upcoming Year

In conclusion, Apple’s discussions with Google regarding AI integration represent a strategic move to leverage cutting-edge technologies and strengthen its competitive position in the market. The positive investor response reflects optimism about the potential benefits of such collaboration, although regulatory and strategic implications remain important factors to monitor moving forward.

Payments Startup Zilch Set for Profitability and Eyes IPO in Upcoming Year

Payments Startup Zilch Set for Profitability and Eyes IPO in Upcoming Year

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Zilch Technology, a leading British buy now, pay later (BNPL) provider, is gearing up for a potential initial public offering (IPO) in 2025. The company’s CEO, Philip Belamant, shared insights with Bloomberg, revealing Zilch’s ambitious plans and optimistic outlook regarding profitability.

Path to Profitability and IPO Considerations

Payments Startup Zilch Set for Profitability and Eyes IPO in Upcoming Year

Image Source: uktech.news

Zilch Technology anticipates achieving cashflow positivity within a few months, with projections indicating monthly profitability as early as April this year. Belamant’s statements underscore Zilch’s rapid growth trajectory and its strategic focus on financial sustainability. The company’s robust customer base of approximately 4 million users reflects the widespread adoption of its innovative BNPL solutions.

While Zilch has yet to finalize a venue for its potential IPO, discussions have been held with major stock exchanges including Nasdaq, the New York Stock Exchange (NYSE), and the London Stock Exchange (LSE). This strategic move highlights Zilch’s global ambitions and its intent to capitalize on public market opportunities.

Diversified Offerings and Market Expansion

Zilch’s recent initiatives include opening its advertising sales platform to third parties and exploring longer-term loan offerings. These strategic moves align with the company’s goal of enhancing customer experience and expanding its market reach. Notably, Zilch’s valuation soared to $2 billion following a successful funding round in 2022, underscoring investor confidence in its business model and growth prospects.

The company’s innovative approach to BNPL is evident in its new credit payment product launched in February, allowing customers to spread interest-free repayments over three months for larger purchases. This product innovation reflects Zilch’s customer-centric focus and its commitment to providing flexible and accessible financial solutions.

Also Read: LinkedIn Dives into Gaming: A Bold New Direction for the Professional Network

Zilch’s dedication to inclusivity is further demonstrated through products like “Zilch Up,” offering credit limits as low as 50 pounds and tools to help customers improve their credit scores. Belamant emphasized Zilch’s commitment to creating value for customers and ensuring consumer protection, highlighting the company’s proactive stance on regulatory compliance and industry standards.

As Zilch continues to innovate and expand its offerings, the BNPL landscape can expect further disruptions driven by the company’s customer-centric approach and financial acumen.

Evolv Withdraws Previous Claims on Testing AI Weapons Scanners in the UK

Evolv Withdraws Previous Claims on Testing AI Weapons Scanners in the UK

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Evolv Technology, a leading provider of AI-driven weapons scanning solutions, has found itself in hot water over its claims regarding the testing of its technology by the UK government. The controversy has sparked concerns about the accuracy and reliability of Evolv’s scanners, which are designed to identify concealed firearms, knives, and explosives.

Claims and Backtracking

Evolv Withdraws Previous Claims on Testing AI Weapons Scanners in the UK

Image Source: dataconomy.com

Evolv Technology initially touted that its AI weapons scanner had undergone testing by the UK Government’s National Protective Security Authority (NPSA). However, upon closer scrutiny, it was revealed that the NPSA does not conduct such evaluations. In response to inquiries, Evolv admitted to misrepresentation and adjusted its claims, stating that an independent company had tested its technology against NPSA standards. Nonetheless, the UK-based testing firm, Metrix NDT, clarified that it did not validate Evolv’s system but rather assessed it against NPSA specifications without offering value judgments on its effectiveness.

Concerns and Criticism

The discrepancy in testing claims has raised concerns about the accuracy and efficacy of Evolv’s scanners. Critics argue that the technology’s shortcomings, particularly in detecting knives and explosives, undermine its reliability as a security solution. Moreover, questions linger regarding Evolv’s marketing practices and the transparency of information provided to customers. Prof. Marion Oswald, a former advisor to the government on data ethics, emphasized the need for rigorous scrutiny and potential regulation of companies making bold claims about their security technologies.

Evolv Technology has faced criticism for overstating the capabilities of its AI weapons scanners. Despite claims of detecting various types of weapons, including firearms and explosives, independent testing has revealed inconsistencies in the technology’s performance, particularly in detecting knives and certain types of bombs. The controversy surrounding Evolv’s testing claims underscores the importance of transparency and accountability in the development and marketing of security technologies.

Company Response and Revisions

Evolv Technology has responded to the backlash by amending its marketing materials and statements. The company acknowledged the need for clarity and accuracy in its communications, expressing regret for any confusion caused by previous claims. Evolv maintains its commitment to enhancing safety and security but faces ongoing scrutiny regarding the reliability of its AI weapons scanning technology.

Also Read: Geely-Backed Meizu Prepares for Public Debut, Targets $2 Billion IPO Value

The controversy surrounding Evolv’s testing claims highlights broader issues within the security industry, including the need for standardized testing protocols and greater transparency from technology providers. As the debate continues, stakeholders urge caution and diligence in evaluating the effectiveness of security solutions touted as revolutionary advancements in threat detection.

Singtel Shares Skyrocket Following News of $11 Billion Optus Sale Discussions

Singtel Shares Skyrocket Following News of $11 Billion Optus Sale Discussions

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Singapore Telecommunications Ltd. (Singtel) witnessed a remarkable surge in its stock value, marking its most significant upswing in nearly two years. The catalyst behind this rally was a report by the Australian Financial Review (AFR), suggesting advanced discussions between Singtel and private equity giant Brookfield for the potential sale of its Australian carrier, Optus, in a deal valued at approximately A$16 billion ($10.6 billion).

Advanced Negotiations Propel Singtel Stocks

Singtel Shares Skyrocket Following News of $11 Billion Optus Sale Discussions

Image Source: finance.yahoo.com

Singtel shares soared by as much as 4.2%, experiencing their most substantial intraday gain since May 2022. The exchange halted trading momentarily amidst the flurry of activity spurred by the reported talks. According to AFR, Brookfield is considering bringing in consortium partners, potentially including the Canada Pension Plan Investment Board, in a move that could push Optus’s valuation to as high as A$18 billion.

In response to the escalating speculation, Singtel issued a statement clarifying that no imminent deal to offload Optus for the speculated sum was in progress. Emphasizing Optus’s integral role within the broader Singtel group, the statement hinted at the significance of the Australian operation to the telecommunications giant’s overall strategy.

Potential Windfall Amid Security Challenges

A successful deal would represent a significant windfall for Singtel, which has held a stake in Optus for over two decades. However, the reported negotiations come at a critical juncture for Optus, as the carrier grapples with the aftermath of major security breaches and operational challenges. Last year, Optus faced scrutiny following a widespread outage and a cyberattack that compromised the personal data of millions of customers, leading to the departure of its former CEO.

The proposed sale of Optus comes amid broader strategic maneuvers by Singtel to bolster its financial position and pursue new growth avenues. Recently, Singtel reduced its stake in Indian telecom giant Bharti Airtel Ltd., generating over $700 million to fund expansion initiatives, including ventures into burgeoning sectors like data centers.

Also Read: Roku Account Breached as Hackers Illegally Purchase Subscriptions and Devices

Analyst Insights and Future Prospects

Bloomberg Intelligence analysts weigh in on the potential implications of the Optus sale, noting that while it may reduce Singtel’s scale and diversity, strategic use of proceeds could mitigate risks and maintain current ratings. With Optus contributing a significant portion of Singtel’s revenue and EBITDA, the outcome of these negotiations could reshape the telecommunications landscape in the Asia-Pacific region.

As Singtel navigates through these pivotal discussions, the outcome will not only impact its financial trajectory but also shape the competitive dynamics of the telecom sector, both in Australia and beyond.

Roku Account Breached as Hackers Illegally Purchase Subscriptions and Devices

Roku Account Breached as Hackers Illegally Purchase Subscriptions and Devices

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Roku, the popular TV streaming platform, has fallen victim to a recent cyber attack affecting over 15,000 users across the United States. The breach, which occurred between December 28, 2023, and February 21, 2024, targeted unsuspecting Roku account holders, allowing hackers to gain unauthorized access and make illicit purchases.

Breach Details and Modus Operandi

Roku Account Breached as Hackers Illegally Purchase Subscriptions and Devices

Image Source: cybernews.com

The intrusion came to light when Roku notified authorities in California and Maine about the breach, disclosing that 15,363 US residents had their accounts compromised. According to Roku’s data breach notice, cybercriminals exploited login/password combinations leaked from previous third-party breaches to infiltrate user accounts. By capitalizing on the tendency of users to reuse login credentials across multiple platforms, the hackers were able to manipulate account details and, in some cases, attempt to purchase unauthorized streaming subscriptions.

In a concerning twist, it was revealed that hackers weren’t solely interested in exploiting the compromised accounts for personal use. BleepingComputer reported that these infiltrators were peddling access to Roku accounts for as little as $0.50 each. With access in hand, buyers could perpetrate fraudulent transactions, including the acquisition of Roku streaming devices and associated peripherals.

Roku Responds and Addresses Concerns

The breach disclosure has raised questions about Roku’s security measures and user protections. While the company has urged affected users to secure their accounts with unique passwords, concerns linger over the absence of two-factor authentication—a standard security feature that could fortify account defenses against unauthorized access.

Despite recent controversies surrounding Roku’s dispute-resolution terms, the company maintains that the breach disclosure is unrelated to these policies. Earlier, Roku faced backlash for prompting users to agree to new dispute-resolution terms, effectively limiting their ability to take legal action against the company. However, Roku clarified to PCMag that the breach notification is solely aimed at safeguarding user accounts and does not intersect with dispute-resolution negotiations.

Also Read: Meta Takes Legal Action Against Former Employee Accused of Document Theft

As Roku grapples with the aftermath of this breach, users are advised to take proactive measures to protect their accounts. Implementing unique and robust passwords, avoiding password reuse, and remaining vigilant against phishing attempts are crucial steps in fortifying account security.

Moving forward, stakeholders will closely monitor Roku’s response to the breach, with hopes of witnessing enhanced security protocols and user protections to prevent similar incidents from occurring in the future.

How to Send or Receive Money using WhatsApp: Step-by-step guide for Android and iOS

How to Send or Receive Money using WhatsApp: Step-by-step guide for Android and iOS

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How to Send or Receive Money using WhatsApp: Step-by-step guide for Android and iOS

Image Source: newslivetv.com

WhatsApp has become more than just a messaging platform; it’s now a convenient way to send and receive money seamlessly. Whether you’re splitting bills or paying someone back, WhatsApp’s integration with UPI (Unified Payments Interface) makes transactions quick and effortless. Here’s a comprehensive guide on how to send or request money using WhatsApp on both Android and iOS devices.

Sending or Requesting Money Using UPI ID

To Request Money

  • Open the WhatsApp app on your Android device or iPhone.
  • Tap the three vertical dots (Android) or Settings (iOS).
  • Select Payments.
  • Tap Send Payment.
  • Choose “Enter a UPI ID or UPI number” and input the details.
  • Tap Verify and select the Request option.
  • Enter the amount and tap Next.
  • Finally, tap Request Payment.

To Send Money

  • Follow the same initial steps to access Payments.
  • Select Send Payment.
  • Enter the recipient’s UPI ID or number.
  • Verify/Proceed and input the amount.
  • Tap Next, then Send Payment.
  • Confirm the transaction with your UPI PIN.

Sending or Requesting Money Using QR Code

To Request Money

For Android:

  • Tap the three dots > Payments > New Payment.
  • Select Scan QR Code and proceed.
  • Enter the amount and tap the Arrow icon.

For iOS:

  • Go to Settings > Payments > Request Payment.
  • Scan the payment QR code and proceed with the request.

To Send Money

For Android:

  • Access Payments > New Payment > Scan QR Code.
  • Enter the amount and proceed with payment.

For iOS:

  • Navigate to Settings > Payments > Send Payment.
  • Scan the QR code and enter the amount to proceed.

Also Read: How to Enable or Disable Google Assistant on Your Android Device

Sending Money Directly from WhatsApp Chat

  • Open WhatsApp and navigate to the chat of the recipient.
  • Tap the Payments icon.
  • Enter the amount.
  • Proceed to send the payment.
  • Confirm the transaction with your UPI PIN.

With these simple steps, WhatsApp users can effortlessly manage their finances directly within the app. Whether it’s splitting bills or paying someone back, sending and receiving money has never been easier, thanks to WhatsApp’s seamless integration with UPI.