Over half of employees at top 24 startups consider new jobs
Tom
A survey commissioned by ET found that more than half of the employees at India’s top 24 unicorns are seeking jobs elsewhere. These 24 unicorns employ a collective total of…
Day: May 4, 2023
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Hollywood writers strike over use of AI in scriptwriting
Hollywood writers commenced a strike on Monday due to disagreements over the use of AI in scriptwriting. This is the first work stoppage in 15 years. The writers are protesting…
Google and Meta executives oppose Canada’s online news bill
Google and Meta executives are pushing back against Canada’s online news bill. If the legislation is passed, the companies would withdraw access to news articles in Canada. The executives shared…
TikTok unveils ad product to give premium content creators 50% cut
TikTok launches an ad product to give premium content creators a 50% cut. This ad product is an extension of TikTok’s Pulse program. Through this program, marketers can place their…
Google victorious in US patent trial over data-retrieval technology
Google wins US patent trial over data-retrieval technology. The jury determined that Luxembourg-based patent owner Arendi SARL’s patent was invalid. The jury found that Google did not infringe on the…
Indian Companies Invest $40 Billion in US, Create 425,000 Jobs: Report
163 Indian companies have invested over $40 billion in the United States. This investment has created nearly 425,000 jobs in the US. This information is reported by a survey.
OYO to double number of hotels for Char Dham Yatra 2023
OYO plans to double the number of hotels they have for Char Dham Yatra 2023. Currently, the company has 40 hotels in Rishikesh, Haridwar, Srinagar (Uttarakhand), Kedarnath, Joshimath, and Uttarkashi.…
Cashfree Payments appoints Arun Tikoo as CBO and Ramkumar Venkatesan as CTO
Cashfree Payments has appointed Arun Tikoo as Chief Business Officer and Ramkumar Venkatesan as Chief Technology Officer. This change in the leadership team is expected to help accelerate innovation and…
Kamala Harris to meet with Google, Microsoft, and OpenAI CEOs to address AI risks
US Vice President Kamala Harris is set to meet with CEOs of Google, Microsoft, and OpenAI. The purpose of the meeting is to discuss how to make artificial intelligence (AI)…
Groww completes acquisition of Indiabulls’ mutual fund business worth Rs 175 crore
Groww has completed the acquisition of Indiabulls’ mutual fund business, worth Rs 175 crore. This acquisition was inked in May 2021, nearly two years ago. The mutual fund business is…
French Antitrust Body Orders Meta to Alter Access Criteria for Ad Verification
The French competition authority has instructed Meta to publish new access criteria for partners wanting to use its analytical tools to verify online ad campaigns. These criteria must ensure that…
Delhivery announces resignation of Chief Compliance Officer
Delhivery announces that their Chief Compliance Officer has resigned. The company is in the process of appointing a suitable replacement by May 31.
Impact Nano, chip materials startup, receives funding from Intel and Goldman Sachs
Impact Nano, a chip materials startup, has received funding from Intel and Goldman Sachs. The war in Ukraine has revealed several choke points in the chip industry that need to…
Billionaire investor Bill Ackman cautions that more banks may fail without FDIC insurance for all deposits
Bill Ackman, a billionaire investor, has warned that more banks may fail if the FDIC does not insure all deposits. Ackman made this statement on Wednesday.
Alibaba’s Global Online Commerce Arm Considers US IPO
Alibaba’s global online shopping unit includes Lazada and AliExpress. It has been valued by analysts at $39 billion. The unit is considering a US initial public offering.
Capgemini reports 10.9% year-over-year revenue growth in Q1
Capgemini’s revenue for the first quarter of 2023 is 5.73 billion euros ($6.35 billion), a 10.9% increase from the same period in 2022. The company has provided guidance for 4-7%…
