Category: Technology
Byju’s Layoffs: Byju’s plans more job cuts to slash costs
[ad_1] Edtech major Byju’s is expected to let go of more staffers as it embarks on another cost cutting exercise to streamline operations further, sources told ET, requesting anonymity in order to speak freely. Many of these employees are contractual staff across on-ground sales teams, which it onboards through third-party staffers. The cost correction comes ...
africa: African space tech? Don’t rule it out, says Nigeria’s startup king
[ad_1] Iyinoluwa Aboyeji might not have the personal wealth of Elon Musk or Mark Zuckerberg, but his level of success as an African entrepreneur bears comparison with any Silicon Valley tech titan. While still in his twenties, the Nigerian co-founded two “unicorns”, an industry term for companies that achieve a valuation of more than $1 ...
meta: Google, Meta using ‘bullying tactics’ against Canada’s news bill, says PM Trudeau
[ad_1] Alphabet’s Google and Meta Platforms are using “bullying tactics” against a Canadian push aimed at ensuring financial support for news publishers, Prime Minister Justin Trudeau said on Wednesday. The proposed legislation is designed to compel internet giants like Google and Meta’s Facebook to negotiate commercial deals and pay publishers for their content. The U.S. ...
tradingleagues: Upstox founder Raghu Kumar raises $3.5 million for gaming startup TradingLeagues
[ad_1] Raghu Kumar, who had co-founded the stockbroking startup Upstox with his brother Ravi Kumar, has raised a pre-series A round of funding for his next venture, TradingLeagues. A fantasy gaming application that enables users to play the financial markets, TradingLeagues has raised money from Leo Capital, the Jeejeebhoy Family Office, and the KPB Family ...
Sam Altman: OpenAI not working on GPT5: Sam Altman
[ad_1] OpenAI chief executive Sam Altman said Wednesday that the company is not currently training GPT5 — the successor to GPT4. Speaking at an event organised by The Economic Times in New Delhi, Altman said, “We have a lot of work to do before GPT5. It takes a lot of time. We are nowhere close ...
tcs: Women attrition races past men at TCS as work from home ends
[ad_1] Largest tech company TCS on Tuesday said attrition among its women employees has raced past the same for men, hinting that the end of work-from-home may have a role to play in it. Its chief human resources officer Milind Lakkad said that historically, the attrition among women employees – who constitute over 35 per ...
association of indian magazines: IT Rules: Bombay HC directs Centre to file reply to petition of Association of Indian Magazines
[ad_1] The Bombay High Court has directed the Union Government to file its reply to a petition filed by the Association of Indian Magazines by June 20, which challenges the fact check amendments to the IT Rules, 2021, and has extended the Government’s undertaking of not constituting its fact check unit until July 10. The ...
Elon Musk: For Musk and other foreign CEOs visiting China, silence is golden
[ad_1] A veritable parade of overseas CEOs including Tesla‘s Elon Musk and Goldman Sachs’ David Solomon have made their way to a reopened China in the last few months. One notable common strand: they’ve not talked much in public about their trips which have mostly consisted of meetings with government officials, local staff and business ...
gig workers: Tech slowdown toll: 6 out of 10 companies hiring more gig workers
[ad_1] Gig jobs are eating into the permanent jobs pie of the IT sector. The result: the pace of hiring for permanent roles across IT firms is slowing down. According to CIEL HR Services research shared exclusively with ET, permanent jobs have grown by less than 5% in 2023 vs 2022 while the number of ...
health: Startup incubator 2070 Health raises $30 million in funding
[ad_1] 2070 Health, a healthcare venture incubator, has raised $30 million from venture capital firm W Health Ventures to create a platform that will build healthcare companies in India. The funds will also be used to seed the newly-launched companies W Health Ventures and 2070 Health share the same co-founding team. W Health Ventures is ...