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Uber Drivers, Delivery Agents Grow to 5 Million; Turns Cash Flow Positive for First Time in Bumper Quarter

Uber reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and food delivery. The company's shares surged 13 percent to $27.9 (roughly Rs. 2,200) and helped drive an 13 percent gain in rival Lyft's stock. Uber generated free cash flow of $382 million (roughly Rs. 3,000 crore) in the second quarter, topping analysts' expectations of $263.2 million (roughly Rs. 2,100 crore), as trips exceeded…

Complaints received against banks, NBFCs related to digital lending apps and recovery agents

A total of 7,813 complaints have been received against banks and NBFCs pertaining to digital lending apps and recovery agents under the Integrated Ombudsman Scheme of RBI during the period April 1, 2021 to March 3, this year.Most of the complaints pertain to lending apps promoted by entities not regulated by the RBI, such as companies other than NBFCs, unincorporated bodies, and individuals. Major concerns raised in such complaints were issues of exorbitant interest, charges levied by digital lending apps, and harassment…

A CIA Agent’s Guide to Steganography, Fooling the KGB, and Protecting Your Crypto

Greetings dear readers! Today I would like to discuss with you an important thing, but to understand the topic, please read my previous articles first, especially about the OpSec view through history. As you might have guessed from the title I would like to immerse you in the world of spies and KGB agents leading an eternal confrontation, then to tell you about the very essence of our conversation - Steganography.We are gonna learn about what it is, how it was used in ancient times and how hackers and ordinary users use…

Self-Destructive RL Agents. Innocent changes to RL reward functions… | by Edgar A Aguilar | Jun, 2022

Innocent changes to RL reward functions produce surprising behaviorsImage by Stefan Keller from Pixabay.Problem SettingReinforcement Learning is a popular branch of AI/ML that tries to learn optimal behavior by interacting with the world and maximizing a reward signal. For example, when playing games the agent will make a decision on how to interact with the world, and the environment game will reward accordingly.Atari Breakout. Here the agent’s reward signal is the score of the game. Environment from OpenAI…

CAA Completes $750 Million Deal for Rival Talent Agency ICM Partners

Updated June 28, 2022 4:11 pm ETListen to article(2 minutes)Creative Artists Agency completed its acquisition of ICM Partners, a deal that combines two of the entertainment industry’s biggest agencies at a time of tremendous change in the media landscape.The deal is valued at $750 million, according to a person familiar with the terms of the transaction. Updated June 28, 2022 4:11 pm ETListen to article(2 minutes)Creative Artists Agency completed its acquisition of ICM Partners, a deal that combines two of the…

HomeLight, which offers AI tools for home buyers, sellers, and real estate agents, raised a $115M Series D at a $1.7B valuation, $60M in…

Manya Saini / Reuters: HomeLight, which offers AI tools for home buyers, sellers, and real estate agents, raised a $115M Series D at a $1.7B valuation, $60M in equity and $55M in debt — HomeLight said on Thursday it had raised $115 million in a late-stage funding round that valued the real-estate home technology platform at $1.7 billion. Manya Saini / Reuters: HomeLight, which offers AI tools for home buyers, sellers, and real estate agents, raised a $115M Series D at a $1.7B valuation, $60M in…

As POS agents reach millions in Nigeria, users lament fraud

Mustapha Taofeek said he stopped using PoS – points of sale vendors that have significantly changed how Nigerians conduct daily financial transactions – two years ago. In August 2020, a week after making cash withdrawal from a vendor, Mr Taofeek said he received a N10,000 debit notification he never authorised. While trying to confirm details of the transfer, he received another notification on his phone, then another, and some more. His bank reported total debit of N486,000 that day. “I…

Introduction to How Intelligent Agents Work in Artificial Intelligence

Intelligent agents! Yes, even one of the topmost cutting-edge technologies like artificial intelligence has intelligent agents for smart functionalities. Let us know interesting facts on how intelligent agents work in AI models to be more productive with training data. An intelligent agent is known as an entity making smart decisions that allow AI to be put into action efficiently and effectively. It is a software entity conducting operations on behalf of users after examining the environment. Intelligent agents…