India’s homegrown digital payments ecosystem, anchored by two systems, is challenging Visa and Mastercard’s dominance in the world’s most populous nation. The backbone is UPI, a nine-year-old bank-to-bank payment network that processes over 13 billion monthly transactions through QR codes and phone numbers, accounting for 71% of all transactions and Read more…
Scientists said the world just reached a grim milestone: the first full year where global temperatures exceeded 1.5C above pre-industrial times. Reuters reports: The milestone was confirmed by the European Union’s Copernicus Climate Change Service (C3S), which said climate change is pushing the planet’s temperature to levels never before experienced Read more…
Some of the world’s most popular apps are likely being co-opted by rogue members of the advertising industry to harvest sensitive location data on a massive scale, with that data ending up with a location data company whose subsidiary has previously sold global location data to US law enforcement. The Read more…
The Biden administration plans one additional round of restrictions on the export of AI chips before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.. The US wants to curb the sale of AI chips used in data centers Read more…
Both longhorn crazy ants (Paratrechina longicornis) and humans can figure out how to work together to move an unwieldy object through a series of obstacles. So scientists pitted the two against each other. They had individuals and groups of different sizes of both species maneuver a T-shaped object through holes Read more…
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence. Chief information and technology officers surveyed for BI indicated that on average they expect a net 3% of Read more…
Nvidia CEO Jensen Huang said quantum computers won’t be very useful for another 20 years, causing stocks in this emerging sector to plunge more than 40% for a total market value loss of over $8 billion. “If you kind of said 15 years for very useful quantum computers, that’d probably Read more…