PHP Motors, a concern of PHP Family, has tied up with Perodua, a top Malaysian automobile brand, to assemble their cars and SUVs in Bangladesh and sell them in the local market. The Chattogram-based automobile company is set to launch four models of Perodua at an event in the capital today (9 May). Mohammed Akther…
Chennai-headquartered edtech startup Skill-Lync saw its standalone net loss widen over 90% to INR 266.4 Cr in the financial year 2022-23 (FY23) from INR 140.1 Cr in the previous fiscal year, hurt by a sharp jump in several expense buckets. Skill-Lync’s operating revenue jumped 200% to INR 139.6 Cr in the year under review from INR 46.5…
Shopify Inc. posted double-digit revenue growth for its first fiscal quarter but shares sank nearly 19 per cent Wednesday on the company’s lower-than-expected estimates for revenue and margins in the next quarter. Shopify forecasted revenue growth in the high teens for the next quarter, in comparison with growth in the mid-20s for the past four…
The race to develop “humanoid robots” powered by artificial intelligence is accelerating, with firms such as Figure, Sanctuary and 1X, often backed by big tech sector names, raising hundreds of millions of dollars from investors. However, one seemingly unlikely competitor in this race is Mimic, a Swiss start-up that is today announcing a $2.5 million fund-raise…
With OCI Dedicated Region, Bangladesh can take advantage of a locally managed sovereign cloud to accelerate its digital transformation Critical national security, e-governance, and e-filing systems as well as health and social services are run from within the borders of Bangladesh with high levels of security Bangladesh Data Center Company Limited (BDCCL), Bangladesh’s government-owned data…
Marissa Mayer is most well-known for her stint as CEO of Yahoo, but before she took the helm of the tech giant, she took a serendipitous dive into the unknown by joining a then little-known startup called Google. Although she would later become Google’s 20th employee and first female engineer, as a graduating computer science…
Microsoft is attempting to solve the problem of coming up with a good prompt for generative AI, aiming to turn everyone into a prompt engineer. In the coming months Copilot for Microsoft 365, the paid service that adds an AI assistant to Office apps, will be updated with a new auto-complete feature that offers suggestions…
MIT OpenCourseWare’s YouTube channel inspires millions of learners across the globe to expand their knowledge and develop new skills for free. From full introductory courses in engineering, psychology, and computer science to lectures about financial concepts, linguistics, and music, the MIT OpenCourseWare YouTube channel has it all — offering millions of learners around the world a pathway…
As tech startups in Bangladesh are deprived of bank loans, the financial sector should team up with venture capital firms to finance such companies, experts said yesterday. Startups often take longer to provide returns, with many initially running on a loss due to rapid expansion and growth. As a result, they cannot get loans from…
