Islamabad, Oct 21: Generative AI Startups Attract $4 Billion in Investments During Q3 2024 Recent fundraising data from PitchBook shows that many investors are still optimistic about generative AI, despite some doubts about its ROI. In Q3 2024, venture capitalists made 206 acquisitions totaling $3.9 billion in Generative AI Startups businesses, excluding OpenAI’s $6.6 billion round. Across 127 transactions, $2.9 billion of that amount was invested in American enterprises. Coding helper Magic ($320 million in August), enterprise search service Glean ($260 million in September), and business analytics company Hebbia ($130 million in July) were among the largest investment rounds in…
Author: Mawadat Fatima
Islamabad, Oct 21: JazzCash Receives Mastercard Tap on Phone Award At the Mastercard Payment Leaders Awards, JazzCash—the fintech division of Pakistan’s top digital operator Jazz, a VEON Group company—was recognized as the “Pioneering Telco to Launch Tap on Phone” winner. The ceremony took place in Dubai on the fringes of the Mastercard EDGE 2024 event. With just a tap of an NFC-enabled Android device, over 350,000 retailers and businesses may now take payments using contactless cards or smartphones—a first for the world—thanks to JazzCash’s creative approach, which is recognized with this award. Any contactless device can be directly tapped to…
Islamabad, Oct 21: PTA Raids Illegal SIM Seller in Lahore, Confiscates Over 1000 Active SIMs An effective raid against a telecom franchisee at Kot Addu was carried out by the Pakistan Telecommunication Authority (PTA) Zonal Office in Lahore, working closely with the Federal Investigation Agency (FIA) Cyber Crime Circle, Lahore. It was discovered that this franchisee was complicit in the unauthorized SIM issuance. 166 fingerprints, a laptop, and a cell phone were taken from the franchisee during the raid. These devices were seized by the FIA team as proof. An FIR has been filed by the agency, and one person…
Islamabad, Oct 21: Once again, we see the need to upgrade wardrobes as winter sets in, especially for Pakistani fashion lovers who love to dress in items of clothing that are indigenous to their country. Coated khadi is available in the garment list as the ideal apparel that combines traditional class with modern sophistication. This particular fabric, typically woven from hand spun cotton, is not only eco-friendly but also can boast of being a non-foreign product. Khadi for which India got freedom is deeply embedded in the history of Pakistan. The fabric is renowned for its durability, given that it…
Islamabad, Oct 21: UK fines Volkswagen over mistreatment of customers On Monday, a UK regulator said that it had punished a branch of Volkswagen, the German automaker, £5.4 million ($7 million) for the way it handled its financially troubled clients. Additionally, after the Financial Conduct Authority revealed that Volkswagen Financial Services (UK) had been “failing to treat its customers in financial difficulty fairly,” the company agreed to pay more than £21.5 million, which will be divided among almost 110,000 consumers. The Financial Conduct Authority (FCA) claimed that VW Finance had neglected to consider each customer’s unique situation or to offer…
Islamabad, Oct 21: Honda CD 70 Price Update for 2024 Model Released in October The Honda CD 70 2024 continues to stand the test of time in the Pakistani two-wheeler market. With an unchanged design dating back to the 1990s, this classic motorcycle from the Japanese auto giant, Honda, has managed to capture an impressive 40 percent of the country’s two-wheeler market. Honda CD 70 Prices update Surprisingly, even with the appreciation of the local currency, Honda has not announced any price reductions for the CD 70. The latest rates for this evergreen two-wheeler are as follows: Honda CD70: PKR 157,900…
Islamabad, Oct 21: After falling more than 7% last week due to concerns about demand in China, the world’s largest oil importer, and a reduction in anxiety about possible supply interruptions in the Middle East, oil prices steadied in early trade on Monday. Oil prices by 0120 GMT, Brent crude futures had increased by 8 cents, or 0.11%, to $73.14 per barrel. At $69.32 per barrel, U.S. West Texas Intermediate crude futures increased by 10 cents, or 0.14%. Last week, Brent had dropped more than 7%, and WTI had dropped about 8%. Due to the Middle East’s declining risk premiums…
Islamabad, Oct 21; Gold price hit new record high in Pakistan as the yellow metal maintained an upward trend on Monday 10,21,2024 in line with the increase in the international market. In the domestic market, the price of gold per tola increased by Rs500 to Rs282,300, which is the latest record high in Pakistan. Similarly, 10-gram gold was sold at Rs242,027 after it recorded an increase of Rs429, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). Globally, the gold price was set at $2,726 per ounce after increasing $5 during the day. Silver prices gained…
Islamabad, Oct 21: CM Maryam Approves 3 New Authorities in Punjab To supervise horticulture, local development, and sanitation in the province, Chief Minister Maryam Nawaz has approved the creation of three provincial authorities. The Punjab Development Authority, Punjab Water & Sanitation Authority, and Punjab Horticulture Authority were established at a special meeting on Sunday. Later on, legislation to formally establish these entities will be introduced. While local organizations will be in charge of carrying out the plans pertaining to development, water and sanitation, and horticulture, these provincial bodies will be in charge of creating policies and strategies at the federal…
Islamabad, Oct 21: Samsung has released the Galaxy Z Fold 6 Special Edition, which boasts multiple improvements, as promised—but only in South Korea. With the most sophisticated camera system seen on a folding phone, this is currently Samsung’s thinnest and lightest foldable to date. The Honor Magic V3, which weighs 226 grams and has a thickness of 9.3 mm, is the thinnest and lightest folding device in the world; the Galaxy Fold is only 10.6 mm thick and weighs 236 grams. With a larger 8-inch main display and a 20:18 aspect ratio, the screen also has the biggest aspect ratio…
