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Google acquires microLED startup Raxium

Raxium, a five-year-old business focusing on producing microLED displays for AR and VR applications, has apparently been acquired by Google. The terms of the acquisition are undisclosed, but according to a storey from The Information, Google valued Raxium at $1 billion. MicroLED is similar to OLED in that it does not have a backlight and instead emits light from each pixel. North, a pioneer in human computer interfaces and smart eyewear, was bought two years ago, and the company has created a strong technological foundation. After failing to impress with…

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Auto makers fast-track partnerships in battery-swap market to hasten EV adoption

Automakers, energy companies, and startups have begun fast-tracking partnerships in the emerging battery-swap market in order to hasten the adoption of electric vehicles (EVs) and alleviate customers’ range anxiety. According to experts, such partnerships will enable original equipment manufacturers (OEMs) to reduce upfront acquisition costs by at least 40% to 50%, resulting in increased adoption and sales. Bounce, a Bengaluru-based startup, announced a partnership with Greaves Retail this week, making Greaves the first retailer to join the Bounce Infinity battery-swap network. “This enables more Indians to have access to affordable…

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Qualcomm Stops Selling Products to Russian Companies

Qualcomm Inc announced that it has stopped selling its products to Russian companies in order to comply with US sanctions imposed after Moscow invaded Ukraine. Nate Tibbits, the company’s senior vice president of government affairs, revealed the company’s action in a tweet in response to a comment by Ukrainian Vice Prime Minister Mykhailo Fedorov. Fedorov urged Tibbits to stop supplying Qualcomm products to Russia, claiming that they “inadvertently enable this country to kill thousands of Ukrainians.” In his reply, Tibbits said, “This is incorrect. Qualcomm has called for a peaceful…

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Google Analytics Will Be Replaced With New Standard Tool For Website Tracking

Google Analytics is being phased out in favor of significant modifications to the online tracking standard after more than a decade in the market, . Google has stated that it will stop supporting Universal Analytics on July 1, 2023, and instead transition to a new standard known as Google Analytics 4 or GA4. Analytics has become the go-to platform for website owners who want to track their product’s growth, traffic, and other demographic data. GA4 was launched in December 2020, allowing the company and businesses sufficient time to iron out any bugs…

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The Indian government warns Mozilla Firefox users

The government of India has issued a high-level warning for users who use Mozilla Firefox to browse the internet.  According to the latest update from the Indian Computer Emergency Response Team (CERT-In), many security vulnerabilities in Mozilla products have been uncovered. Hackers could exploit these flaws to not only overcome security constraints, but also to conduct spoofing attacks, run arbitrary code, and collect sensitive information without users’ knowledge, according to CERT-In. These security flaws affect all Mozilla Firefox versions prior to the recent Firefox 98 release, according to the security firm….

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ConsenSys raises $450 million Series D funding at $7 billion valuation

ConsenSys, a decentralised protocols and ethereum software firm based in the United States, has raised $450 million in funding, bringing its total worth to $7 billion. Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures joined the round as new investors, including Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures, and C Ventures, who had previously invested in ConsenSys’ Series C round in November last year. Third Point, Marshall Wace, True Capital Management, and UTA VC, United Talent Agency’s venture fund, were among the…

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Microsoft is reportedly testing ads in Windows 11 File Explorer

Microsoft is reportedly testing advertisements in the Windows 11 File Explorer, which might be one of Windows users’ worst nightmares. This was identified in the most recent Windows 11 “Insider” release, which is available for everyone to test. On Twitter, a user noticed a promotion for Editor, a closed-source grammar-checking application developed by Microsoft. It is available in both free and paid versions, making its inclusion in the File Explorer even more aggravating. The advertisement notification appears directly below the address bar, above the files and folders list. The advertisement…

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Competition Commission approves Amazon’s acquisition of Prione

The acquisition of Prione Business Services by Amazon Asia-Pacific Resources has been approved by the Competition Commission of India (CCI). Prione was a joint venture between Catamaran, founded by Narayan Murthy, and Amazon. Cloudtail India, the company’s wholly owned subsidiary, is one of Amazon’s top sellers in the country. On March 9, CCI announced the launch of a microblogging site. In December, Amazon announced its intention to buy Prione. So far, Amazon and Catamaran have jointly controlled Prione Business Services, whose fully owned subsidiary Cloudtail India has been extensively scrutinised…

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RBI directs Paytm Payments Bank to stop onboarding new customers

The Reserve Bank of India (RBI) asked Paytm’s digital banking unit, Paytm Payments Bank, to halt new user onboarding on its platform. The RBI explained its decision, stating that it was prompted by “some serious supervisory concerns” in the bank. Furthermore, the bank has been ordered to hire an IT auditing firm to undertake a full system audit of its IT system. “Action against Paytm Payments Bank Ltd under section 35 A of the Banking Regulation Act, 1949. The RBI has today, in the exercise of its powers, inter alia,…

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DeepMind co-founder Mustafa Suleyman launches new AI venture

DeepMind co-founder Mustafa Suleyman has joined two other high-profile industry figures in launching a new venture called Inflection AI. LinkedIn co-founder Reid Hoffman is joining Suleyman on the venture. “Reid and I are excited to announce that we are co-founding a new company, Inflection AI,” wrote Suleyman in a statement. “Inflection will be an AI-first consumer products company, incubated at Greylock, with all the advantages and expertise that come from being part of one of the most storied venture capital firms in the world.” Dr Karén Simonyan, another former DeepMind…

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