Category: Technology
| Why 95-pct of GenAI Projects Are Failing
Artificial Intelligence was supposed to be capitalism’s golden goose — rewriting emails, reinventing customer service, and reshaping entire economies. But a new MIT study says 95% of enterprise AI pilots fail to deliver meaningful revenue. Instead of breakthroughs, most companies end up with expensive dashboards and endless beta tests. T he hype cycle feels eerily […]
Yara Technologies partners with Clover Infotec to revolutionize EdTech in Botswana
Empowering schools with predictive analytics and seamless communication solutions with Talkative Parents and Quanta Platforms Yara Technologies (Pvt) Ltd (“Yara”), a fast-scaling EdFinTech startup in Sri Lanka, has announced a strategic resale partnership with Clover Infotec to launch its flagship platforms – Talkative Parents and Quanta – in Botswana. This partnership represents a pivotal step […]
TikTok releases Q1 2025 community guidelines enforcement report
TikTok has released its Q1 2025 Community Guidelines Enforcement Report, showcasing its ongoing commitment to creating a safe digital space for its users. The report, which covers data from January to March 2025, details the proactive steps TikTok has taken to identify and remove content that violates its Community Guidelines, ensuring a positive experiencefor its […]
VIDEO: Apple CEO Tim Cook wants to work with suppliers to move more chip production to US
Pres. Trump and Apple CEO Tim Cook speak in the Oval Office on Apple’s latest manufacturing announcement.
Sri Lanka promotes AI– investment opportunities and disrupt Asia-2025 in London
A panel discussion to promote investment opportunities in Artificial Intelligence (AI) in Sri Lanka, jointly organised by the Sri Lanka–UK Chamber of Commerce – London (SLUKCC) and the High Commission of Sri Lanka, was held on 31 July 2025 at the High Commission premises. The panel featured a distinguished group of professional and academic including Dean […]
WealthOS achieves prestigious WealthTech100 recognition for 3rd consecutive year
WealthOS, a pioneering cloud-native operating system (SaaS) for digital wealth management products, today announced its inclusion in the prestigious global WealthTech100 list for the third year running. The WealthTech100 is an annual list curated by FinTech Global, identifying the 100 most innovative wealth tech companies in the world. With over 1,200 tech companies in the […]
GovPay Crosses 50 Organisations & Announces Plans for Future of Government Digital Payments
At a media conference held today, the Information Communication Technology Agency (ICTA), in collaboration with LankaPay and under the guidance of the Ministry of Digital Economy, showcased the growing success of GovPay, Sri Lanka’s official Government Digital Payment Platform. The briefing also highlighted the pilot rollout of the online traffic fine payment system and marked […]
‘s eRL 2.0 Vehicle Revenue Licence System Down: ICTA
The Information and Communication Technology Agency of Sri Lanka (ICTA) has announced the temporary unavailability of its crucial Vehicle Revenue Licence system (eRL 2.0). A critical technical infrastructure issue has rendered vehicle revenue license issuance services inaccessible since July 3rd, 2025, with an anticipated restoration date of July 9th, 2025. This outage is expected to […]
SLT-MOBITEL partners AI Pazz, Sri Lanka’s First AI-Powered Legal Research Platform
In a landmark move set to redefine legal research in Sri Lanka, SLT-MOBITEL Mobile has partnered with Redblocks AI (Pvt) Ltd to launch AI Pazz, the country’s first-ever AI-powered legal research platform featuring Sri Lanka’s largest and the most up-to-date digital legal library, to offer unprecedented access to advanced legal research tools. This revolutionary platform […]
VIDEO: The AI Boom’s Multi-Billion Dollar Blind Spot
AI reasoning models were supposed to be the industry’s next leap, promising smarter systems able to tackle more complex problems. Now, a string of research is calling that into question. In June, a team of Apple researchers released a white paper titled “The Illusion of Thinking,” which found that once problems get complex enough, AI […]
From risk assessment to protection: how to build an effective security strategy in industrial enterprises
By Adrian Hia, Managing Director for Asia Pacific, Kaspersky Industrial sectors face escalating cyber threats that jeopardize operations, safety, financial stability and further technological development. In 2024, 40% of industrial organizations globally reported cyber incidents according to Kaspersky. Proactive cybersecurity measures are no longer optional but a necessity to ensure business continuity, regulatory compliance and […]
PickMe Delivers Rs. 1.17 bn PAT for FY2024/25 — Stellar First Full-Year Results Post-IPO
PickMe announced its financial results for the fiscal year ended 31 March 2025, reporting a Profit After Tax (PAT) of Rs. 1.17 billion, marking a 72% year-on-year increase. The Company also recorded its strongest quarterly performance to date, with accelerated growth across both revenue and profitability metrics. Group revenue grew by 49% to Rs. 5.8 […]