TechEchelon Staff

The company, which had its shares debut at 76 rupees (about 91 cents) each, successfully raised over $730 million through its initial public offering (IPO) in Mumbai. This marks the largest IPO in India for the year, as reported by Reuters.

727 DAYS AGO

Founded in 2018 by the architects behind the Twitter-acquired TellApart, Abnormal Security has rapidly expanded, now boasting over 2,400 customers like Maersk, Xerox, and Mattel. This customer base represents about 17% of the Fortune 500 companies, signaling significant market penetration.

730 DAYS AGO

The company aims to achieve $1 billion in annual recurring revenue as it moves towards its IPO.

744 DAYS AGO

Financial institutions, medical offices, and television broadcasters faced operational difficulties throughout the day. Air travel was significantly hampered, with numerous flights cancelled or delayed, prompting airports to advise passengers on potential disruptions.

748 DAYS AGO

This new fund seeks to replicate the success of the iFund, a joint effort by Apple and Kleiner Perkins launched in 2008 to aid developers on Apple's mobile platforms.

750 DAYS AGO

The data, while not including the content of the communications or sensitive personal information like social security numbers, encompasses detailed records of interactions between nearly all of AT&T’s cellular and landline customers during May to October 2022.

755 DAYS AGO

From 2014 to 2023, China filed a staggering 38,210 GenAI patents, significantly outpacing other countries. The U.S. registered 6,276 patents, followed by the Republic of Korea, Japan, and India.

763 DAYS AGO

Senators Ed Markey (D-Mass.) and Bill Cassidy (R-La.) alongside Representatives Tim Walberg (R-Mich.) and Kathy Castor (D-Fla.) emphasized the urgency in a letter sent Tuesday, citing past violations by TikTok and the overarching importance of safeguarding children's online privacy.

764 DAYS AGO

As of this year, 16% of restaurant operators intend to invest in AI technologies like voice recognition, spurred by escalating labor costs and a shift towards drive-thru service exacerbated by the pandemic and recent wage increases, according to a National Restaurant Association survey.

764 DAYS AGO

Notable clients impacted include General Motors dealerships, Group 1 Automotive, and Holman, which operates across eight states.

777 DAYS AGO

In a blog post, the company stated that Recall will transition from being a widely available tool to a preview feature accessible only through the Windows Insiders Program (WIP) when the new computer is launched on June 18.

783 DAYS AGO

Highlights from the conference include the integration of OpenAI's ChatGPT with Siri, enhancements across Apple's software platforms, and various updates to hardware.

787 DAYS AGO

Nonfarm payrolls increased by 272,000 for the month, up from 165,000 in April and far exceeding the Dow Jones consensus estimate of 190,000.

790 DAYS AGO

The European Commission, the bloc’s executive arm, opened formal proceedings against Meta on Thursday to determine if the company violated the Digital Services Act (DSA) protections for minors.

811 DAYS AGO

Blackstone’s funds led the lending round, with participation from Coatue, Carlyle, BlackRock and others. In its equity financing two weeks ago, CoreWeave was valued at $19 billion.

811 DAYS AGO

The Consumer Price Index (CPI), which gauges the average change over time in the prices paid by consumers for goods and services, rose by 0.3% from March, according to the Labor Department’s Bureau of Labor Services. This increase was marginally lower than the 0.4% predicted by Dow Jones.

813 DAYS AGO

Mnuchin outlined a strategy for the acquisition, aiming to redevelop TikTok's technology under American leadership, ensuring it is independent from ByteDance and enhancing its security.

819 DAYS AGO

The company's financials exceeded consensus estimates from LSEG as follows:

820 DAYS AGO