Hedge funds and some of the world’s biggest banks have embraced the predictive properties of machine learning to spot patterns and guide their investment decisions. Could this branch of artificial intelligence be used to divine the vagaries of the art market? A New York startup says it can.
Elon Musk knows how to make promises. Even by his own standards, the promises made last week while introducing two new Tesla vehicles—the heavy-duty Semi Truck and the speedy Roadster—are monuments of envelope pushing. To deliver Tesla would have to far exceed what is currently thought possible.
India will be the fastest growing duty-free retail market for the next seven years as private players start operating shops in airports. By 2025, India will enter the list of top 10 duty-free markets as the cumulative revenues quadruple.
Amid the raging controversy over film Padmavati, an education officer in Madhya Pradesh’s Dewas district has issued a circular banning a song from the period drama from being played at cultural programmes in schools.
However, the district collector ordered for withdrawal of the circular with immediate effect and said a show cause notice was being served to the officer concerned to explain his action.
A large contingent of global producers, film studios, broadcasters, distributors, content acquisition heads and financiers of entertainment shows for kids and general audience has descended on Bangalore last week end.
In e-commerce, transactions representing five per cent of the total Gross Merchandise Value is fraudulent. Almost half of online retail consumers have experienced some fraud directly or indirectly. India stands amongst the top four countries in the Asia Pacific region in terms of highest digital adoption, digital banking account sign-up and utilisation. The fast pace at which digital adoption has happened also has seen rise in digital frauds, finds global information services company Experian, in its Asia Pacific Fraud Insights report.
Uber has said that hackers compromised personal data from some 57 million riders and drivers in a breach kept hidden for a year.
Two members of the Uber information security team who "led the response" that included not alerting users that their data was breached were let go from the San Francisco-based company effective on Tuesday, according to chief executive Dara Khosrowshahi.
Stolen files included names, email addresses, and mobile phone numbers for riders, and the names and driver license information of some 600,000 drivers, according to Uber.
Companies and recruitment agencies are fast adopting technology-driven processes in hiring to increase efficiencies. But it seems, it has not gone well with the candidates. A recent survey finds that majority candidates find it frustrating when machine takes over man.
Hailing an Uber in India is a whole different game. Addresses are non-existent or rarely useful, while most people are using older smartphones in a place with limited mobile-data speeds.
Are US tech giants the new robber barons of the 21st century, banking billions in profit while short-changing the public by paying only a pittance in tax? With public coffers still strained years after the worst of the debt crisis, EU leaders have agreed to tackle the question.
Tax rules today are designed for yesterday's economy when US multinationals — such as General Motors, IBM or McDonald's — entered countries loudly, with new factories, jobs and more taxes for the taking.