PayPal’s Venmo spinoff signals strategic shift to boost growth PayPal’s Venmo spinoff signals strategic shift to boost growth as CEO Enrique Lores informed managers this week that the company is reorganizing its reporting structure, separating Venmo into its own standalone business segment. The move reflects a broader effort to streamline operations and sharpen focus across its fintech portfolio. New reporting structure creates three distinct business units Under the restructuring plan, Venmo will operate independently, allowing clearer performance tracking and potentially positioning it for a future sale. Two additional segments will be formed: a PayPal-branded unit serving merchants and consumers, and a payment services division that includes Braintree along with crypto-related operations. The company is also reportedly seeking a digital banking executive to lead the newly independent Venmo unit. Leadership transition and competitive pressures Lores, who previously led HP Inc. and assumed leadership of PayPal in March, is implementing these changes as the company faces mounting competition from Apple, Google, and Stripe in digital payments. He succeeded Alex Chriss, whose tenure saw a steep decline in PayPal’s stock value following its pandemic-era peak. Investor interest and restructuring implications The company’s declining valuation has drawn attention from potential buyers, including reported interest from Stripe in acquiring parts or all of the business. PayPal has also engaged financial advisers to prepare for possible takeover attempts or activist investor campaigns. Following reports of the restructuring, PayPal shares rose by approximately 3%. Workforce uncertainty and executive departures The restructuring comes amid uncertainty over potential workforce reductions. Earlier in 2026, managers had been tasked with planning a 15% reduction in headcount, though those plans remain unresolved after the leadership transition. At the same time, key executives including Diego Scotti and Michelle Gill are departing as their divisions are restructured or dissolved. PayPal is also establishing a new artificial intelligence transformation group led by Anshu Bhardwaj, formerly of Walmart, and creating a financial services unit under Scott Young of Goldman Sachs. The changes highlight the company’s push to modernize operations and regain momentum in a rapidly evolving digital payments market.

A Kerala-based techie has developed an innovative digital solution to help residents stay informed about power outages in real time. The platform, currentundo.com, has quickly gained attention for its ability to track live outages under the Kerala State Electricity Board, offering a simple and accessible way for users to check electricity disruptions in their area. The tool was introduced as power cuts continue to be a common concern in several parts of Kerala, often leaving residen

April 28, 2026 | 9:37 AM | Visakhapatnam — Google AI Hub foundation ceremony held at Tarluvada   The Andhra Pradesh government is taking a significant step toward strengthening its position in the technology and artificial intelligence space with the foundation stone laying ceremony of the Google Cloud India AI Hub in Tarluvada, Visakhapatnam district. The event, which

Digi Yatra could change your airport experience India’s push toward seamless air travel is being led by Digi Yatra, a government-backed initiative that uses facial recognition to streamline passenger movement through airports. Developed under the Ministry of Civil Aviation, the system allows travelers to bypass repeated document checks by using biometric verification instead of physical boarding passes and identification. How Digi Yatra is transforming airport travel in India Digi Yatra enables passengers to create a digital identity through the Digi Yatra App by uploading ID credentials and flight details before arriving at the airport. Once enrolled, travelers can pass through entry gates, security checkpoints, and boarding areas using facial scans. The system is currently operational at major hubs such as Kempegowda International Airport and Indira Gandhi International Airport, with plans for wider adoption across the country. The initiative is voluntary and emphasizes speed, convenience, and reduced physical contact in crowded terminals. Biometric travel systems already in use across US airports In the United States, similar biometric technologies are already deployed, primarily for international travel. Agencies such as the Transportation Security Administration and U.S. Customs and Border Protection operate facial recognition systems that match a traveler’s live image with passport or visa databases. These systems are commonly used at immigration checkpoints and boarding gates for international flights, and in some cases at security screening through programs like TSA’s touchless identity verification. Unlike Digi Yatra, enrollment is not typically handled through a consumer-facing app, and the process is largely managed through government databases. Key differences between Digi Yatra and US biometric systems   Feature Digi Yatra (India) United States Systems Control User-controlled via app Government-controlled databases Enrollment Voluntary, app-based Mostly automatic or backend Primary Use Domestic travel International travel focus Documents Replaced by facial ID Linked to passport/visa User Role Active participation required Passive participation Data Handling User uploads data Govt retrieves from records Experience Fully contactless journey Partial contactless process   What global travelers should know about evolving airport technology As airports worldwide adopt digital identity solutions, the contrast between India’s Digi Yatra and US biometric programs highlights broader questions around privacy, convenience, and control. For US-based travelers heading to India, understanding how Digi Yatra works can help streamline the airport experience, while also offering insight into how biometric travel technology may continue to evolve globally.

On April 27, 2026, Bitcoin touched a 12-week high near $78,000, driven by institutional demand, global economic trends, and long-term investor confidence. Bitcoin has climbed to a 12-week high, hovering close to the $78,000 mark as of April 27, 2026, reflecting a steady and controlled u

Why did Donald Trump warn the U.K. about tariffs? He cites digital tax concerns — U.S. President Donald Trump issued a strong warning to the United Kingdom, signaling potential tariffs if Britain does not eliminate its digital services tax targeting major American technology firms. Speaking from the Oval Office on Thursday, Trump criticized the policy as an unfair attempt to profit from U.S. companies operating abroad. The digital services tax, introduced by the

Kerala has taken a significant step towards addressing the growing concern of screen addiction among children, with the state’s child rights panel recommending strict guidelines on digital exposure. The panel has emphasized that children below the age of two should have zero exposure to screens, including mobile phones, tablets, televisions, and other digital devices. The move comes amid rising concerns among health experts and educators about the long-term physical, mental, and emotional i

A major loan app scam in Kerala has come to light, with students and homemakers emerging as the worst affected groups. The fraudulent operation involves illegal digital lending apps that lure users with quick and easy loans, often requiring minimal documentation. Once individuals sign up, they are trapped in a cycle of harassment, high interest rates, and threats. Authorities have revealed that these apps operate without proper registration and violate financial regulations. Victims

The rise of AI-powered digital twins is no longer just a tech trend—it’s quickly turning into a digital twin job loss crisis that could reshape how millions of people work. Companies are building AI versions of employees that can think, respond, and make decisions like humans. While this promises efficiency, it also raises a serious concern: are workers unknowingly training their own replacements? How Digital Twins Are Replacing Human Roles

India’s rapid digital transformation has made financial transactions faster and more convenient, but it has also led to a sharp rise in online fraud cases. Over the past decade, digital payments have grown exponentially, with platforms like Unified Payments Interface becoming a part of everyday life. However, this growth has been accompanied by a surge in fra

What is a digital twin? A digital twin is an AI-powered system that replicates a person’s knowledge, behavior, and decision-making using their data. It can assist with tasks, answer questions, and act as a virtual version of an employee. Digital twin in workplace: the rise of AI ‘superwo

The countdown to Census 2027 has begun with over 700 trained officials set to conduct a door-to-door survey in Delhi as part of the first phase of the census exercise. The house-listing and housing census (HLO) will take place over the next 30 days, concluding on May 15. Officials explained that areas under the jurisdiction of the New Delhi Municipal Council (NDMC) and Delhi Cantonment Board (DCB) have been divided into 560 house-listing blocks, each covering around 180 households. The exerci

In a major technological twist to election campaigning, actor-turned-politician Vijay and his party Tamizhaga Vetri Kazhagam have introduced hologram-based outreach to connect with voters across Tamil Nadu. With elections approaching, the party is using life-sized 3D projections of Vijay to overcome the ch

A YouTube channel operated by Explosive Media has been removed from the platform following the rapid spread of an AI-generated video that referenced Donald Trump and alleged connections to the Epstein case. The video, presented in a stylized Lego animation format, gained millions of views across social media

The Central Board of Secondary Education (CBSE) has taken a significant step towards modernizing India’s education system by introducing artificial intelligence learning for students starting from Class 3. This move reflects the growing importance of digital literacy and emerging technologies in shaping the future workforce. By incorporating AI concepts at an early stage, CBSE aims to ensure that students are not just consumers of technology but also understand its fundamentals and applications. The initiative is part of a broader effort to align school education with global technological trends and prepare students for a rapidly evolving digital world. Under this new curriculum, young learners will be introduced to basic concepts of artificial intelligence through interactive and activity-based learning methods. Instead of complex coding, the focus will be on developing logical thinking, problem-solving skills, and an understanding of how AI impacts everyday life. Students will engage in simple exercises, games, and real-life examples to grasp how machines can learn and make decisions. This foundational approach ensures that children build curiosity and confidence in technology without feeling overwhelmed. Curriculum Focus and Implementation The AI curriculum for primary classes is designed to be age-appropriate and engaging. CBSE has collaborated with education experts and technology partners to create content that is both informative and easy to understand. Teachers will also receive specialized training to effectively deliver AI-related lessons in classrooms. The board plans to integrate AI topics with existing subjects, making learning more interdisciplinary and practical. This approach will help students connect theoretical knowledge with real-world applications, enhancing their overall learning experience. Impact on Students and Future Education Introducing AI learning at an early stage is expected to have a long-term impact on students’ academic and career paths. As industries increasingly rely on automation and data-driven technologies, early exposure to AI will give students a competitive edge. It will also encourage innovation and creativity among young minds, enabling them to think beyond traditional career options. Parents and educators have largely welcomed this move, seeing it as a progressive step toward building a tech-savvy generation. With this initiative, CBSE reinforces its commitment to evolving education standards and preparing students for the challenges of the future. The inclusion of artificial intelligence in the curriculum marks a shift from rote learning to skill-based education, ensuring that students are better equipped to navigate and contribute to a technology-driven world.  

A Los Angeles jury has found Meta and YouTube negligent in the design and operation of their platforms, delivering a significant verdict in one of the first trials addressing allegations of social media addiction. The jury concluded that both companies played a substantial role in causing harm to the plaintiff, identified as K.G.M., and failed to adequately warn users about potential risks associated with Instagram and YouTube. The panel awarded $3 million in compensatory damages, a

​OpenAI is reworking its approach to artificial intelligence-driven shopping, stepping back from its earlier push into instant checkout and shifting toward an app-based retail model within ChatGPT. The move comes months after the company introduced a feature that allowed users to complete purchases directly inside the chatbot, a concept that initially attracted strong interest from major ecommerce players. Retailers such as Etsy, Walmart and Shopify had quickly aligned with the initiative,

The United Arab Emirates (UAE) has arrested 35 individuals, including 19 Indians,

In a historic move, Karnataka’s Chief Minister Siddaramaiah announced a ban on social media use for children under the age of 16 during the state’s 2026–27 Budget presentation. This decision is driven by growing concerns about smartphone addiction, online safety risks, and excessive screen exposure, which have become major issues for young users. Karnataka is now the first state in India to take a definitive stance on regulating children’s access to social media, with other states lik

Prime Minister Narendra Modi has achieved a major digital milestone as his official YouTube channel surpassed 30 million subscribers, making him the most followed world leader on the platform. The achievement highlights the Prime Minister’s unmatched global digital presence and reinforces his dominance across social media platforms. According to official sources, the subscriber count places Narendra Modi well ahead of other prominent international leaders. Former Brazilian President Jair Bolsonaro, who holds the second-highest subscriber base among world leaders on YouTube, has only about one-fourth of Modi’s subscribers. Similarly, US President Donald Trump trails far behind, with Modi reportedly having more than seven times the number of subscribers. The Prime Minister’s strong presence on YouTube reflects his strategic use of digital platforms to connect directly with citizens in India and audiences worldwide. His channel features speeches, policy announcements, live event broadcasts, campaign messages, and cultural highlights, drawing millions of views regularly. The content appeals not only to domestic supporters but also to the Indian diaspora and global viewers interested in India’s political landscape. Within India, Modi’s digital reach also surpasses that of his political rivals. His YouTube subscriber base is around three times larger than that of Congress leader Rahul Gandhi. It is also more than four times higher than the subscriber counts of the Aam Aadmi Party and the Indian National Congress when considered individually. This gap underscores the Bharatiya Janata Party leader’s commanding influence in the digital political arena. The YouTube milestone comes just weeks after Modi became the first world leader to cross 100 million followers on Instagram. Having joined the platform in 2014, his Instagram account has evolved into one of the most engaging profiles among global political figures. Over the past decade, he has consistently leveraged visual storytelling, behind-the-scenes moments, diplomatic engagements, and public outreach initiatives to maintain high engagement rates. Political analysts note that Modi’s digital strategy has played a crucial role in shaping modern political communication in India. By effectively utilizing social media platforms such as YouTube and Instagram, he has managed to bypass traditional media channels and communicate directly with the public. With 30 million YouTube subscribers and 100 million Instagram followers, Narendra Modi continues to set new benchmarks for digital engagement among world leaders. The milestone not only reflects his popularity but also signals the growing importance of online platforms in global politics and governance.