The task force will develop a "readiness assessment" regarding the semiconductor ecosystem in India and gather industry, government, and academic stakeholders to identify near-term industry opportunities.
The owner of photo messaging app Snapchat is the first of the major digital advertising platforms to report fourth-quarter results, which provides an early clue for platforms like Facebook owner Meta Platforms Inc and Alphabet's Google when they report results later this week.
To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommended for startups and tech sector and another big scoop on the PhonePe-Flipkart separation and its ongoing fundraise.
However, many of the SaaS unicorns reached the coveted $1-billion valuation on the back of inflated price-to-valuation ratios, Orios managing partner Rehan Yar Khan told ET.
In the federal court case in Manhattan, investors accused Musk, who bought Twitter for $44 billion in October, of waiting 11 days past a U.S. Securities and Exchange Commission deadline the previous March to disclose he had bought 5% of its stock.
JD.com will end its services in Thailand on March 3 and in Indonesia from the end of the same month, its local websites showed. Both units will stop taking orders on February 15.
The judge said that while the public had only a "weak" right to know who Bankman-Fried's guarantors were, it outweighed Bankman-Fried's arguments for confidentiality, including that the guarantors' safety could be imperiled.
FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but Voyager's bankruptcy preceded FTX's filing by four months.
The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.
Following the release of the Reserve Bank of India’s (RBI’s) new digital lending rules, fintechs in India have been in continuous consultation over first loss default guarantee (FLDG) arrangements. Today we have new details of the conversations between the central bank and fintechs on this hot bottom issue. More details in the ETtech Morning Dispatch.
Started as a pilot programme in August 2022, the edtech major has now hosted around 650 demo classes, and has about 100 teachers under this service, people aware of the matter told ET.
After sacking 11,000 employees in November last year, Meta Founder and CEO Mark Zuckerberg has now reportedly put middle managers at the company on notice.
In the world’s testing ground for tech, K-pop singers are being spun up out of pixels and doing battle in a virtual universe.
China’s largest search engine company plans to debut a ChatGPT-style application in March, initially embedding it into its main search services, said the person, asking to remain unidentified discussing private information.
The trial, centered on a pair of tweets announcing Musk had obtained the money to take Tesla private in 2018, reeled the 51-year-old billionaire into a federal courtroom in San Francisco for three days of testimony that opened a peephole into his often inscrutable mind.
Global job site Indeed's monthly jobs insights showed that healthcare allied fields such as dental and nursing have the highest job postings on its platform at 30.8 per cent in December 2022.
Fatigue due to overworking, anxiety of getting laid off, worry about performance, pressure to perform, and overall career concerns in a tepid job market are a few of the stress triggers prevalent now across India Inc employees that rose significantly over the last month or so, according to mental wellbeing experts.
Silicon Valley is reeling at the prowess of an experimental chatbot called ChatGPT, released by OpenAI in late November and deemed "scary good" by Elon Musk. Musk, one of the founders with Sam Altman, left and now Microsoft is a partner.
As more and more Big Tech companies continue to sack employees, they have listed various reasons behind the move -- over-hiring, uncertain global macroeconomic conditions, strong tailwinds from the Covid-19 pandemic and more.
As the Indian startups ecosystem goes through a churning as VCs squeeze funds, certain industries such as quick service restaurants (QSR), direct-to-consumer (D2C) and electric vehicle market and infrastructure still hold promise this year, especially for early-stage platforms.
Founders of the startup Himalayan Hemp, said they were using hemp plants to produce sanitary pad, apparels (shirts, T-shirts and designer wear), bags and shoes, besides protein powder, anti-aging and edible oils, and other cosmetic products.
According to an official release, Startup20 aspires to create a global narrative for supporting startups and enabling synergies between startups, corporates, investors, innovation agencies and other key ecosystem stakeholders.
A senior US administration official, discussing the initiative shortly before the official announcement, called it the first sweeping AI agreement between the United States and Europe.
Under the new criteria, which follow billionaire Elon Musk's purchase of the company in October, Twitter accounts will only be suspended for severe or ongoing and repeat violations of the platform's policies.
The gaming committee of the Internet and Mobile Association of India (IAMAI) has sought a common framework to be laid down by the government for the SRBs to follow so that uniform compliance and transparency can be ensured.
"The formation of ASEIP shall broaden the scope of international space activity, open up a dialogue on the issues faced by the stakeholders, explore collaborative opportunities and models, and synthesise a way forward for all collectively and serve as a cohesive voice for orchestrating international space cooperation," ISpA Director Wg Cdr Satyam Kushwaha (Retd) said.
Elliott, which invests more than $55 billion, is currently interviewing a number of people including technology industry executives and executives in other industries, for director's role at Salesforce.
The deal, reached last year, was valued at close to $10 million and BuzzFeed will help generate content for Meta's platforms and train creators to grow their presence online, the report had said, citing people familiar with the situation.
The move comes after Stripe told staff late last year that it would cut more than 1,000 jobs as it seeks to rein in costs ahead of any economic downturn.
Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division.
The Justice Department's complaint against Google on Tuesday called for the company to divest Google Ad Manager, a suite of tools including one that lets websites put ad space up for a sale and another that served as an ad marketplace that automatically matched advertisers with those publishers.
The extended partnerships come at a time when the social media platform is struggling with falling revenue, as advertisers slash their spending on the platform after billionaire Elon Musk made several changes following his takeover.
Chief Financial Officer James Kavanaugh told Reuters that the company was still "committed to hiring for client-facing research and development". The layoffs - related to the spinoff of its Kyndryl business and a part of AI unit Watson Health - will cause a $300 million charge in the January-March period, IBM said.
In a blog post on Wednesday announcing Trump's reinstatement, Meta said he will face "heightened penalties for repeat offenses." The company, then called Facebook, banned Trump two years ago after he praised rioters who stormed the U.S. Capitol on Jan. 6, 2021.
Two early backers of Flipkart – venture fund Accel Partners and New York-based investment firm Tiger Global – are in talks to exit the ecommerce firm by selling their remaining stakes to its parent Walmart for around $1.5 billion, according to our sources.
While Accel owns a little over 1% stake, Tiger Global currently holds about 4% in Flipkart. Once a deal is finalised, Walmart’s stake in Flipkart will increase from its current holding of 72%.
A fresh round of consultations on the proposed rules is likely to take place in February, a government official said.
IT industry lobby group Nasscom urged the government to notify safe harbour rules for entities with a turnover of up to Rs 1,000 crore
The cloud business is under the spotlight again following the viral success of chatbot ChatGPT, which answers general questions in plain language using artificial intelligence. The bot is a creation of startup OpenAI, in which Microsoft is investing heavily and which requires intense cloud computing services.
In their expectations from finance minister Nirmala Sitharaman, the fintech industry – which has seen several regulatory reforms over the last year – is seeking ‘priority sector’ status for driving financial inclusion, along with sops to cover the cost incurred for growing digital payment net in the country.
The company's margins will be hit though as Tesla looks to squash competition from traditional automakers such as Ford Motor Co and unprofitable startups including Rivian Automotive Inc and Lucid Group Inc.
Musk's comments add to a long-running debate over whether such advisers have too much sway over corporate decision-making.
"Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its dominance over digital advertising technologies," the government said in its antitrust complaint.
After years of blistering growth, most recently fuelled by remote working and studying during the pandemic, cloud demand has cooled in the past nine months and sales growth may slow further, analysts said.
The company saw strong demand for its home office products and computer gaming devices during COVID-19 lockdowns, but the momentum has been fading as countries lift the curbs and as high inflation drives up costs and refrains consumers from spending.
"420 was not chosen because of a joke; it was chosen because there was a 20 percent premium over the stock price," Musk said when asked if he was having a laugh when he made the tweet.
The policy document was withdrawn after it failed to find adequate support from other member nations of the UN Ad-Hoc committee, sources said. The grouping has been tasked with creating a comprehensive international convention to counter the use of information and communications technologies for criminal purposes.
The policy document was withdrawn after it failed to find adequate support from other member nations of the UN Ad-Hoc committee, sources said. The grouping has been tasked with creating a comprehensive international convention to counter the use of information and communications technologies for criminal purposes.
The ECB is working on a digital version of its currency and is in the process of outlining the broader design, also hoping to alleviate concerns that the digital currency could disrupt the financial system and give the central bank too much data on citizens.