The expected layoffs would be the latest in the US technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook.
The Gurugram-based company’s latest capital raise comes on the back of other new age specialty coffee firms also drawing increased consumer and investor interest.
Activision Blizzard Inc, the U.S. video game developer behind hit franchise Warcraft, on Tuesday said its Chinese publisher NetEase Inc had turned down a proposal to extend their long-time partnership for six months.
Chiang replaces longtime leader Wang Charng-yang as head of the iPhone assembly division, the report added.
Microsoft has a $1 billion investment in San Francisco-based OpenAI that it has looked at increasing, Reuters has reported. In an announcement that coincided with the conference, Microsoft said it plans to market ChatGPT to its cloud-computing customers.
Chara Tech has built motors for use in two-wheeler, three and four-wheeler light commercial vehicles and in the heating, ventilation and air conditioning (HVAC) sector.
Microsoft said the startup's tech, which it so far has previewed to its cloud-computing customers in a program it called the Azure OpenAI Service, was now generally available.