Technology News

  Byju's was under government scrutiny over its delay in submitting its audited financial report. Byju's reported a 13-fold increase in losses for the year ending in March 2021 on Wednesday. According to reports, the Bengaluru-based company's losses for the fiscal year 2021 increased to Rs. 45.7 billion, while revenues came in at Rs. 24.3 billion. After an 18-month delay, Byju's disclosed the financial results, and it is said that this was done so that company could defer income to upcoming years due to changes in accounting procedures. Additionally, unaudited data for the fiscal year that ended in March 2022 and the four months that followed were revealed, showing an increase in sales. According to a Bloomberg report, Byju's recorded a loss of 45.7 billion rupees for the fiscal year that ended in March 2021. The stated loss is attributed by the corporation to modifications in accounting procedures that result in the deferral of revenue to succeeding years. Accordin...

  The Near Foundation has recognised India as the country with the largest startup and entrepreneur communities in the world. The Near Foundation wants to contribute to the success of India's innovative Web3 projects. The non-profit organisation located in Switzerland that oversees the Near Protocol has announced the opening of a regional hub in India with the goal of finding and fostering talent in the blockchain industry, which forms the foundation of the Web3 industry. With this, India has now been recognised by the Near Foundation as having one of the world's largest startup and entrepreneur communities, as well as some of the "most brilliant developers and Web3 producers." The Near Foundation's India hub will discover and assist businesspeople who want to use Web3 components like the metaverse, NFTs, and cryptocurrencies to solve certain societal issues. The two focus areas for the hub in India are GameFi and DeFi. The term "gameFi" describes the fi...

  iOS 16 has some features that will only work on the newly launched iPhone 14 series. Tonight, iOS 16 is being made available for iPhone 8 and higher, however it appears that not all of the features that the most recent version of iOS offers will be compatible with every supported iPhone model. According to a source, some iOS 16 capabilities will be accessible on iPhone XS and later models with the Apple A12 Bionic chip or later. It is unknown why this happens, however it is most likely because some functionalities demand more processing power than the A11 Bionic chip can provide. Several iOS 16 features, according to a report by 9to5Mac, will only be available for the iPhone XS, iPhone XS Max, iPhone XR, iPhone SE (2020), iPhone SE (2022), iPhone 12, iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max, iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max, iPhone 13, iPhone 13 mini, iPhone 13 Pro, and iPhone 13 Pro Max, and the recently released iPhone 14, iPhone 14 Plus, iPhone 14 Pro, a...

           The company will use the funds to continue building its core infrastructure. A Web 3 infrastructure startup called Mysten Labs has announced the initial close of its $300 million (approximately Rs. 2,400 crore) Series B funding round. Mysten Labs is also the creator of the yet-to-launch Sui Layer 1 blockchain. A16z Crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital, and O'Leary Ventures, among other investment funds and strategic partners, participated in the Series B round, which was led by FTX Ventures. The company is worth over $2 billion thanks to the new cash (roughly Rs. 15,900 crore). The company will use the money to keep developing its core infrastructure in order to scale the Sui ecosystem and power Web 3 apps. Additionally, it will be growing its international staff, with a key focus on the Asia-Pacific area. For...

Puma's Black Station project is accessible via "a hyper-realistic digital lobby space" that contains three portals. The German sportswear juggernaut Puma has announced the launch of Black Station, its first-ever metaverse internet experience. During the ongoing New York Fashion Week, it will debut limited edition redeemable physical sneakers with distinctive non-fungible tokens (NFTs) as part of its "Futrograde" exhibition (NYFW). The goal of Puma Black Station is to provide customers with an immersive and engaging portal through which they may experience the brand's future. Puma is the newest sportswear company to introduce digital collectibles, following Adidas Originals. Visitors to the metaverse website will arrive in a three-portal, hyper-realistic digital lobby area. Beginning on September 7, the first two portals will include unique, never-before-seen Nitro NFRNO and Nitro Fastroid shoes related to Puma's most recent Nitropass NFT mint. The sneake...