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Microsoft unveils fourth data center in India

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(Last Updated On: March 7, 2022)

Microsoft Corp (MSFT.O) unveiled its fourth data centre in India on Monday, betting on rising digital consumption in one of its fastest-growing markets, Reuters reported.

Microsoft India head Anant Maheshwari said the company was making long-term investments in the country, although he declined to confirm reports by local media of a $2 billion price tag for the latest centre.

“A public cloud data center is not a onetime investment, it is a continuous investment that we have,” Maheshwari told Reuters. “In the last two years, we doubled the capacity in the existing three data centers.”

According to Reuters the overall Indian public cloud services market is expected to reach $10.8 billion by 2025, according to research firm IDC.

India’s government has been nudging foreign tech companies to store more of their data locally, a move seen as New Delhi’s attempt to gain stricter oversight of Big Tech firms.

Maheshwari said Microsoft was continuing to grow its workforce in India from 18,000 currently “both through the pandemic and going forward.”

“We already serve more than 340,000 companies in the country,” Maheshwari said.

The new data centre is located in India’s southern state of Telangana, Reuters reported.

The company’s business model, which relies on partners building additional services on top of its cloud platform, Azure, generated business worth about $10 billion in the last five years, Maheshwari said.

Competitors are joining the race in India. Key rival Amazon announced in late 2020 it would spend $2.8 billion to build its second data centre in the country, while Adani Group last year announced plans to build six data centre parks across the country.

Science & Technology

Instagram co-founders launch news app called Artifact

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(Last Updated On: February 2, 2023)

Instagram co-founders Kevin Systrom and Mike Krieger this week launched their new venture, Artifact – an app touted as a tailored news feed powered by artificial intelligence.

The co-founders, who left Facebook in 2018 amid tensions with their parent company, shared the roll out on Instagram. Krieger wrote, “Excited to announce what @kevin and I have been working on with a talented team the past year+ — Artifact, a personalized news feed driven by the latest in artificial intelligence.”

He added that while they are gradually letting people onto the app as the company scales up, people can also join a waitlist.

Working in a similar way to TikTok, according to Platformer, Artifact provides users with an initial feed of popular articles chosen from a range of publications big and small. Tapping on articles of interest will prompt Artifact to deliver similar stories in the future, in the same way that watching TikTok videos fine tunes the algorithm with each user session.

Artifact beta users are currently testing two features: One is a feed with articles posted by people you follow, along with their comments on each post; the second is a direct-message inbox where you can privately discuss articles.

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Elon Musk starts another ‘test’ on Twitter

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(Last Updated On: February 1, 2023)

Twitter’s new owner, Elon Musk on Wednesday said he would make his account private for a day just to test whether his private tweets are equally visible

Since the Twitter takeover in October, the Musk has been making multiple experiments on the tech side of the social media platform. In the newest one, the tech billionaire said he would make his account for a day to test whether his private tweets are equally visible as the public one.

He said in a tweet, made my account private until tomorrow morning to test whether you see my private tweets more than my public ones.

On seeing the tweet on his feed, one Twitter user pointed out, wow I’m in Elon’s private circle. On a similar note, another said, If you’re seeing this tweet, you’re in the circle of trust.

Since the $44-billion takeover, Musk has been under fire for several of his policies. He has focused on reducing costs by laying off half the workforce and introducing new plans for Twitter Blue subscription service, which offers the sought-after “verified” badge, Mintlive reported.

He said that the steps were necessary to justify the expensive takeover.

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Crypto hacks stole record $3.8 billion in 2022 – report

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(Last Updated On: February 1, 2023)

Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based blockchain analytics firm said in a report on Wednesday.

The report by Chainalysis found hacking activity that “ebbed and flowed” throughout the year, with “huge spikes” in March and October. October was the biggest single month ever for cryptocurrency hacking, with $775.7 million stolen in 32 separate attacks.

The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed. Investors were left with large losses and regulators stepped up calls for more consumer protection, Reuters reported.

At the time, Chainalysis and other firms confirmed to Reuters that North Korean-related accounts had lost millions of dollars in value.

But that did not deter hackers.

North Korea-linked hackers such as those in the cybercriminal syndicate Lazarus Group have been by far the most prolific cryptocurrency hackers, stealing an estimated $1.7 billion worth of in multiple attacks last year, the report said.

“In 2022, they shattered their own records for theft,” it said.

North Korea has denied allegations of hacking or other cyberattacks.

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