Technology

Bazaar, a B2B marketplace from Pakistan, has launched a simplified raw material sourcing platform, Bazaar Industrial, for manufacturers across the country. In a press release issued on Thursday, the company said it aims to serve as an aggregator and solve problems faced by suppliers and manufacturers in sourcing raw materials in more than 15 categories, including chemicals, construction, steel, textile, polymers …

A new generation of AI chatbots has unleashed a titanic battle between Microsoft and Google for the eyeballs of billions of web users, and the dollars they bring. Microsoft has gone all-in with a multibillion-dollar investment in OpenAI, the firm behind the world’s most buzzy bot ChatGPT, hoping to revolutionise its unloved Bing search engine. Google has owned the search …

Have bitcoin and ether finally turned a corner? It’s looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one of the leading exchanges for crypto-focused derivatives products, jumped 82 per cent in January versus December, according to crypto market maker OrBit Markets. Ether options swelled 38pc. More investors are …

Alibaba Group subsidiary, Daraz Group, an e-commerce platform, is reducing its workforce by 11 per cent to prepare for the ‘current market reality’, the group’s CEO Bjarke Mikkelsen said in a letter to employees shared on the company website. Mikkelsen cited a difficult market environment, with a war in Europe, huge supply chain disruptions, soaring inflation, increasing taxes, and removal …

Google said on Monday it will release a conversational chatbot named Bard, setting up an artificial intelligence showdown with Microsoft which has invested billions in the creators of ChatGPT, the hugely popular language app that convincingly mimics human writing. ChatGPT, created by San Francisco company OpenAI, has caused a sensation for its ability to write essays, poems or programming code on demand …

In a major development, scientists have created an entirely new type of ice that does not float or sink. Scientists at University College London and the University of Cambridge have lab-prepared a new type of ice that resembles a liquid rather than frozen water. researchers believe that ordinary ice could develop into something similar because of tidal forces exerted from …

Oracle plans to invest $1.5 billion in Saudi Arabia in the coming years as it builds up its cloud footprint in the kingdom and opens its third public cloud region in Riyadh, a company official said. Increased demand for cloud computing has pushed technology companies such as Oracle, Microsoft, Amazon and Alphabet’s Google to set up data centres across the …

The Board of Directors of the Roads and Transport Authority (RTA) has endorsed a plan to transform taxis in Dubai (Dubai Taxi and franchise company taxis) into 100% environmentally friendly (hybrid, electric and hydrogen-powered) by 2027. The move meets the requirements of the Dubai Supreme Council of Energy, the Green Economy drive, and the Dubai Government’s strategic directions toward comprehensive …

In another crown for Pakistan’s fighting game community, Atif Butt emerged as the new “King of the Iron Fist” on Sunday after winning the Tekken World Tour 2022 videogame tournament in Amsterdam, Netherlands.     The Tekken World Tour (TWT) series from videogame producer Bandai Namco Entertainment Inc put together an international offline tournament series where the “best compete to be crowned …

US-based advisory firm Innisfree M&A Incorporated sued Twitter in New York State Supreme Court, seeking about $1.9 million for what it says are unpaid bills after it advised the social media company on its acquisition by Elon Musk last year. “As of December 23, 2022, Twitter remains in default of its obligations to Innisfree under the Agreement in an amount …