Category: Internet

Marriott Says Up to 500 Million Customers Impacted by Starwood Hack

Marriott International Inc said on Friday that hackers accessed up to 500 million customer records in its Starwood Hotels reservation system in an attack that began four years ago, exposing data including passport numbers and payment cards. Shares were down 5.7 percent in late afternoon trade on news of the hack, one of the largest […]

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 […]

European Consumer Groups Want Regulators to Act Against Google Tracking

Consumer agencies in the Netherlands, Poland and five other European Union countries asked privacy regulators on Tuesday to take action against Google for allegedly tracking the movements of millions of users in breach of the bloc’s new privacy law. Google is already facing a lawsuit in the United States for allegedly tracking phone users regardless of […]

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 […]

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 […]

Amazon Raises Minimum Wage to $15 for US Employees, Urges Rivals to Follow

Amazon.com said on Tuesday it would raise its minimum wage to $15 (roughly  Rs. 1,100) per hour for US employees from next month, giving in to critics of poor pay and working conditions at the world’s second most valuable company. The increase pushes Amazon’s lowest wage above that at Walmart and Target Corp. It is almost $3 shy of […]