Germany to Invest EUR 10 Billion on Faster Internet by 2025

Germany plans to set up a fund worth EUR 10 billion (roughly Rs. 73,898 crores) to foster investment in faster Internet connections in rural areas by 2025, the Economy Ministry said on Monday. Officials are concerned that a failure to capitalise on the latest digital developments will leave Germany’s industrial base exposed to new competitors […]

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Bangladesh Bank Says Hackers Tried to Steal $951 Million

Bangladesh’s central bank confirmed on Sunday that cybercriminals tried to withdraw $951 million from its US bank account, as the country’s finance minister said he first got to know of one of the biggest bank heists in history through the media. Unknown hackers breached the computer systems of Bangladesh Bank, and transferred $81 million (roughly […]

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Facebook’s AI Team Maps Earth to Beam Internet Access to All

Social networking giant Facebook is using its artificial intelligence (AI) technology and resources to map the entire Earth and launch the world’s most detailed population maps that will help it beam cheap Internet to remote areas. To begin with, the Facebook AI team crunched 14.6 billion images of maps from across 20 countries, including India, […]

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Kodak Moments App Seeks to Separate Precious Photo Memories

Kodak, a brand once synonymous with photographic memories, is creating an app meant for highlighting special moments such as birthdays. Kodak Alaris, the company behind the new Kodak Moments app, believes its app can separate precious memories from everyday snapshots of lunch and commutes on Facebook and Instagram. People annotate the shots they share with […]

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Marissa Mayer Hopes to Stay in Job Even if Yahoo Changes Hands

Marissa Mayer is hopeful of keeping her job leading Yahoo Inc. even if the struggling Web pioneer changes hands. Under pressure from investors and facing a potential proxy fight, the chief executive officer has pledged to do what’s best for shareholders as Yahoo reviews alternatives for separating its core Internet business from a stake in […]

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ShopClues set to buy mobile payments start-up Momoe

Radhika Aggarwal and Sanjay Sethi, founders of ShopClues. Photo: Mint Online shopping platform ShopClues.com is in advanced talks to buy mobile payments firm Momoe Technologies, as it looks to add a payment service to its platform, according to three people aware of the discussions. The all-stock deal, likely to be announced in the next 45 […]

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