Google wants to use artificial intelligence to time traffic lights more efficiently

Google cut fuel use and traffic delays by 10% to 20% at four locations in Israel by using artificial intelligence to optimize signal lights and it next plans to test the software in Rio de Janeiro.

from Tech-Economic Times https://ift.tt/3lf3e3G

Andreessen Horowitz takes maiden India bet on CoinSwitch Kuber, crypto platform now valued at $1.9 billion

CoinSwitch Kuber’s valuation surges nearly four times to $1.9 billion, making the Bengaluru-based startup the 30th Indian unicorn so far this year. Coinbase Ventures has also participated in the largest funding round for an Indian crypto firm.

from Tech-Economic Times https://ift.tt/3Bkta3l

Facebook budget to curb misinformation in India paltry, lacks Hindi, Bengali content reviewers

India, with over 530 million users, according to government data, is the largest market in terms of users for Facebook. In contrast, the US has around 200 million users and gets a disproportionate 87% allocation in its budget to curb misinformation.

from Tech-Economic Times https://ift.tt/3iDLNYJ

TCS extends contract with SBI for five more years

As part of the new contract, TCS will continue to maintain and enhance SBI’s application estate around core banking, trade finance, financial reporting, and financial inclusion with new features and functionality.

from Tech-Economic Times https://ift.tt/302nmhe

France's Thales partners with Google on secure cloud services

The alliance between Thales, Europe's largest defence electronics supplier, and the Alphabet unit fulfils a May government plan under which France acknowledged US technological superiority in the field.

from Tech-Economic Times https://ift.tt/3oDcq40

Samsung Electronics likely to report best quarterly profit in three years

Operating profit for the world's biggest memory chip and smartphone maker likely jumped to $14 billion in the quarter ended September, according to a Refinitiv SmartEstimate from 16 analysts

from Tech-Economic Times https://ift.tt/3BfKUwV

Qapita raises $15 million in quest to build an ‘operating system’ for private markets

Qapita, an equity management platform, will use the funding to add more software products, liquidity solutions and a digital marketplace for private securities in Southeast Asia, as well as for growing the client base in Singapore, Indonesia and India.

from Tech-Economic Times https://ift.tt/3FoakL2