Welcome to the world of facts and news

Free cross-border flow of data within trusted nations mooted

The latest draft of the Digital Personal Data Protection Bill, 2022, which was released for public consultation on Friday, has proposals from the Centre regarding free-cross border flow of data pertaining to Indian users within "trusted" jurisdictions.

from Tech-Economic Times https://ift.tt/hmkMKsQ

Elon Musk asks Twitter software engineers to report to office -email

The billionaire said, "I would appreciate it if you could fly to SF to be present in person," adding that he would be at Twitter's San Francisco headquarters until midnight and would return Saturday morning.

from Tech-Economic Times https://ift.tt/ryvsYJg

Mark Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse

Meta Platforms Inc Chief Executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger would drive the company's next wave of sales growth, as he sought to assuage concerns about Meta's finances after its first mass layoffs.

from Tech-Economic Times https://ift.tt/kMuGaFY

New CEO calls FTX's corporate control a 'complete failure'

FTX collapsed last week after a run on deposits exposed a deep financial hole in the business. Last Friday, the company filed for bankruptcy, and its CEO, Sam Bankman-Fried, resigned.

from Tech-Economic Times https://ift.tt/znkQ8fh

Amazon CEO Andy Jassy says layoffs will extend into next year

In a note sent to employees, Amazon CEO Andy Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer.

from Tech-Economic Times https://ift.tt/inU6Smo

ET Startup Awards on Saturday; profitability a must for IPO-bound companies: Accel’s Shekhar Kirani

Top entrepreneurs, policymakers and investors will come together in Bengaluru on November 19 to celebrate the eighth edition of The Economic Times Startup Awards. India’s most coveted startup awards, which recognise entrepreneurial excellence, will be presented at an in-person event. Eminent leaders from the industry will be in attendance, and they will discuss the hot-button issues impacting the ecosystem.

from Tech-Economic Times https://ift.tt/eVpuhWw

Companies need to show 2-3 quarters of profitability before IPOs now: Accel’s Kirani

Shekhar Kirani, who bagged the Midas Touch Award for best investor at The Economic Times Startup Awards 2022, said companies must show profitability for at least two quarters before they approach the public markets.

from Tech-Economic Times https://ift.tt/I7apcUw

Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...