Category: Internet

Amazon Launches Machine Learning Chip ‘Inferentia’, Taking on Nvidia and Intel

Amazon.com on Wednesday launched a microchip aimed at so-called machine learning, entering a market that both Intel Corp and Nvidia Corpare counting on to boost their earnings in the coming years. Amazon is one of the largest buyers of chips from Intel and Nvidia, whose semiconductors help power Amazon’s booming cloud computing unit, Amazon Web Services. But Amazon has started to design […]

Paytm Says Registered 600 Percent Growth in UPI Transactions in 6 Months

Alibaba and SoftBank-backed Paytm on Friday said it witnessed 600 percent growth in the Unified Payments Interface (UPI) transactions in the last six months. One97 Communications, that owns the brand Paytm in India, said the platform registered over 179 million UPI transactions in October. “It is encouraging to see the widespread adoption of Paytm BHIM UPI for various services such […]

Yandex, Russia’s Biggest Internet Search Engine, Trumpets Fastest Growth in 6 Years

Russia’s biggest Internet search engine Yandex has registered its fastest growth in six years, it said on Monday as the company raised its 2018 revenue forecast, lifting its share price by almost 8 percent. The company, which competes with Google and Mail.Ru, said it expects 2018 revenue to grow by 35-38 percent in rouble terms, up from a previous forecast […]

Amazon Posts Record Profit, but Disappoints on Revenue and Outlook

Amazon reported another record quarterly profit Thursday, fueled by the growth of online shopping and its cloud-computing service. But its revenue grew less than Wall Street analysts expected, and Amazon’s shares fell after the results were released. The company, based in Seattle, has boosted its profitability as it expanded far beyond online shopping. For years, the […]

California’s Tough Net Neutrality Bill Prompts US Lawsuit

California Gov. Jerry Brown signed the nation’s toughest net neutrality measure Sunday, requiring Internet providers to maintain a level playing field online. The move prompted an immediate lawsuit by the Trump administration. Advocates of net neutrality hope the new law in the home of the global technology industry will have national implications by pushing Congress […]