News
Important shifts and updates across AI, technology and business.
US Founder Accuses Indian Techie of Scamming Multiple Startups
Suhail Doshi, co-founder of Mixpanel, has accused an Indian techie, Soham Parekh, of working at multiple startups simultaneously under false pretences, leading to his firing…Perplexity Introduces $200 Monthly Subscription Plan for Unlimited Access and Priority Services
Perplexity has rolled out a new $200 monthly subscription plan called Perplexity Max, providing users with unlimited access to a range of services and priority access using…Racist AI Videos Flood TikTok Despite Rules Against It
Despite rules from Google and TikTok against racist content, videos generated by Google’s Veo 3 AI are proliferating on TikTok. The videos use AI to manipulate images and create…OpenAI Condemns Robinhood’s ‘OpenAI Tokens’ Sale
OpenAI denounces Robinhood’s sale of ‘OpenAI tokens’, clarifying that these tokens do not provide consumers with equity or stock in OpenAI. The move by Robinhood has raised…US Lifts Export Curbs on Chip Design Software in China Trade Deal
The Trump administration has lifted some export license requirements for chip design software sales in China as part of the new trade deal with Beijing. This move aims to ease…Microsoft Announces 9,000 Job Cuts in Second Major Layoff Wave
Microsoft Corp. has initiated job cuts affecting around 9,000 employees, marking its second significant round of layoffs this year, aimed at cost control amid increased artificial…Foxconn Requests Chinese Workers to Leave India Amid Apple’s Manufacturing Push
Foxconn Technology Group has requested hundreds of Chinese engineers and technicians to return home from its iPhone factories in India, impacting Apple Inc.’s manufacturing…Microsoft Job Cuts Due to Rising AI Expenses
Microsoft is cutting jobs as a result of increasing expenses related to artificial intelligence, impacting the tech giant’s workforce. This move reflects the growing costs…Capital One Develops AI Modeled After Organizational Structure to Boost Auto Sales
Capital One’s AI head shared at VB Transform how the bank designed AI agents mirroring its organizational chart. This approach aims to enhance auto sales by incorporating the…Cloudflare introduces pay-per-crawl feature to combat AI scraping
Cloudflare is beta testing a pay-per-crawl program to deter bots from endlessly scraping websites, aiming to make it financially unfeasible for AI scrapers to operate. This…Elon Musk’s xAI Raises $10B in Debt and Equity
xAI, Elon Musk’s AI company, secured a total of $10 billion in funding, split evenly between debt and equity, according to a statement from Morgan Stanley. This significant…