BUSINESS
CCI imposes Rs 213.1 crore fine on Meta over WhatsApp's 2021 privacy policy update
CCI has also directed WhatsApp not to share user data collected on its platform with other Meta products or companies for advertising purposes for five years.
TECHNOLOGY
Xiaomi to replace its app marketplace GetApps with PhonePe's Indus Appstore in India
Xiaomi's decision to replace GetApps with PhonePe's Indus Appstore is expected to boost adoption of the homegrown Android app store, which seeks to challenge the dominance of the Google Play Store.
BUSINESS
Disney+ Hotstar's paid subscriber base rises to 35.9 million in Q4-FY24
Walt Disney's combined streaming businesses reported an operating income of $321 million for the quarter while revenue increased 15 percent to $5.78 billion.
TECHNOLOGY
MIB and MeitY have clearly defined roles in regulating games sector, says Sanjay Jaju
The MIB secretary stresses on the importance of supporting the video gaming industry, noting that India has a rich cultural heritage of storytelling
TECHNOLOGY
Nazara, ONDC to launch an in-game monetisation platform gCommerce
Nazara Technologies CEO Nitish Mittersain said this initiative is a significant step forward in the company's strategy to help game developers with effective monetisation solutions.
TECHNOLOGY
BGMI maker Krafton forays into casual gaming with CookieRun India
CookieRun India launch comes as Krafton looks to strengthen its presence in the country by expanding its portfolio of games in India
TECHNOLOGY
India's gaming market to reach $9.2 bn by FY29, in-app purchases to drive growth
India's paid gamer base nears 150 million in FY24. People are also spending more on games, with the average revenue per paying user (ARPPU) rising 15% year-over-year to $22 in FY24.
TECHNOLOGY
AI Cops! Bengaluru police pilots AI-generated avatars for social media outreach
Bengaluru City Police is leveraging generative AI to create informative videos suited for the tech capital's savvy audience.
BUSINESS
MPL parent firm launches Blast+ to bring global games to India
Blast+, a dedicated free-to-play game publishing arm of MPL parent firm M-League, will help gaming studios across the world publish and scale their games in India.
STARTUP
Games24x7 looks to back AI and tech startups beyond gaming sector
Games24x7 is looking to support startups across hardware and software through its expanded accelerator program, TechXpedite, and its corporate venture capital arm
TECHNOLOGY
Meta India's net profit jumps 43% to Rs 505 crore in FY24; Gross ad revenue up 24%
India is the largest market for Meta's family of apps, which includes Facebook, Instagram, and WhatsApp, with a combined user base of over a billion monthly users.
BUSINESS
Google India's FY24 revenue surges 26% to Rs 5,921 crore; Net profit at Rs 1,425 crore
Google India's gross advertising revenue grew to Rs 31,221 crore for the financial year, a 11.3% increase YoY from Rs 28,040 crore in the past year
TECHNOLOGY
Meta's Llama 4 set for early 2025 debut, starting with smaller models, says Mark Zuckerberg
Meta's Llama 4 launch is expected to further escalate the intense competition among rivals Google, OpenAI, Microsoft and xAI, who are racing to outdo each other in debuting their next-gen AI models
TECHNOLOGY
Meta AI has more than 500 million monthly active users, says Mark Zuckerberg
Meta chief executive Mark Zuckerberg said that their AI investments require serious infrastructure, hence the company will continue to make significant investments in technology
STARTUP
Nazara Tech's Datawrkz buys London-based growth marketing agency Space & Time
Space & Time is Datawrkz's first acquisition and it is expected to fuel the company's growth ambitions across Europe and North America
TECHNOLOGY
YouTube surpasses $50 bn in revenue in last 4 quarters, says Google's Sundar Pichai
In recent years, Google has taken several steps to grow YouTube's subscription revenue, including a global crackdown on adblockers and hiking the prices of its premium subscription
TECHNOLOGY
Sundar Pichai says more than 25% of Google's new code is generated by AI
Google CEO Sundar Pichai said that their long term focus and investment in AI are paying off and driving success for the company and its customers
STARTUP
BGMI maker Krafton backs IMM Investment's maiden India fund as anchor investor
IMM India Fund has made its first investment in Mumbai-based beauty and personal care brand Sugar Cosmetics through a secondary transaction.
TECHNOLOGY
YouTube partners Flipkart, Myntra for India shopping push
YouTube has extended its online shopping affiliate service in the middle of the festival sales season, considered to be the most crucial period for e-commerce platforms
TECHNOLOGY
Infosys chairman Nandan Nilekani: ‘Let the big boys in the Valley build LLMs; we will use it to solve real-world problems’
India will have high quality, accurate inference at low cost and population scale in the next 12-18 months, says Nandan Nilekani
TECHNOLOGY
'Godfather of AI' Yann LeCun on what 20-year-olds should do to thrive in the AI era
India must take greater participation in the research community, not just in engineering and product development, said Meta's chief AI scientist Yann LeCun
TECHNOLOGY
AI pioneer Yann LeCun: India must embrace open source, invest in research to become an AI hub like France
In an interview to Moneycontrol, Meta's Yann LeCun expressed optimism about the benefits of artificial intelligence and calls out any harm arising from it as ‘science fiction’ at this point.
BUSINESS
Can Indus rival BGMI in India's increasingly competitive Battle Royale gaming space?
Indus is betting big on 'Baazigar' moments through features like Cosmium and Grudge to woo gamers. While the game is planning on global rollout, its priority market remains India for now
STARTUP
Skill-gaming unicorn MPL's parent firm's FY24 revenue jumps 22% to $130 million
M-League, the parent firm of Mobile Premier League (MPL) and GameDuell, said it broke even with an adjusted EBITDA of $0.2 million
