Advanced technologies such as machine learning, artificial intelligence (AI), cloud storage, and big data endorsed the financial industry’s digital transformation, allowing banks to heighten their market competition. Big data is one of the leading technologies that helped support and implement digital transformation for large-scale trading banks through storing and analyzing new and advantageous data to […]
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Looking at societies nowadays, you will see that almost everything we do on a daily basis, be it for personal, educational, or even career purposes, is heavily intertwined with technology. This innovative approach to dealing with almost all life aspects can be simply achieved from the tranquility of any intelligent device at our disposal. The […]
The EU deal to phase out combustion engine cars in just over 12 years is challenging, but a more daunting obstacle will be making enough batteries to power the electric cars needed as a result, a senior Volkswagen executive said on Wednesday. The comment was made after European Union countries clinched deals on proposed laws […]
Construction is due to begin on Wednesday on what could become the world’s biggest plant to capture carbon dioxide from the air and deposit it underground, the company behind the nascent green technology said. Swiss start-up Climeworks AG said its second large-scale direct air capture (DAC) plant will be built in Iceland in 18-24 months, […]
Over the past few years, India immensely benefited from Western technologies in various aspects. For a country with a relatively fractured economy, technology swooped in to simplify and accelerate mass production for an extensively increased population, allowing them to improve their production of raw materials, typically traded in global economies. Adopting western technology in India […]
A major consumer group has referred three of Australia’s biggest retail chains to the privacy regulator, saying they use “unreasonably intrusive” facial recognition technology on customers and recommending enforcement action. CHOICE, in a complaint to the Office of the Australian Information Commissioner (OAIC) published on Monday, said use of the technology at JB Hi-Fi Ltd’s […]
The world’s Big Tech giants, Alphabet, Amazon, Meta, Apple, and Microsoft have played a vital role in tailoring the public’s opinion that the crisis between Russia and Ukraine was ignited. When the world was comprehending the sudden Russian invasion of Ukraine, the American tech industry’s leading tech companies were preparing to fight with Russia on […]
LincTex Digital, best known for developing its virtual try-on technology for fashion e-commerce, raised $100 million in a fund-raising round led by Hillhouse Capital and CDH Investments, according to the company’s official WeChat account. The money has been earmarked for international expansion and a further shift into the digital fashion realm, it said on Tuesday. […]
One by one, over the last week of May, Twitter Inc rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15-minute calls, according to some of the recipients. “It was traumatic,” Iris Guo, an incoming associate product manager living in Toronto, […]
Meta, Microsoft and other tech giants racing to build the emerging metaverse concept have formed a group to foster development of industry standards that would make the companies’ nascent digital worlds compatible with each other. Participants in the Metaverse Standards Forum include many of the biggest companies working in the space, from chip makers to […]