Welcome to the world of facts and news

Upskilling businesses bullish despite edtech carnage; startups may go legal against Google’s new payment policy

As executives in the tech world are looking to sharpen their talent as well as diversify their skill sets amid large-scale layoffs, upskilling startups are confident of growing their businesses this year. Edtech firms at the same time remain in dire straits post-Covid.

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

Startups collective eye legal action to challenge Google

Representatives from matrimony, dating, fintech, edtech and gaming sectors discussed the implications of the billing system, where Google said it would reduce the fee only by 4% if a user pays through an alternative billing system.

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

Zoom jumps on AI bandwagon, forecasts upbeat 2024 profit targets

San Jose, California-based Zoom forecast profit between $4.11 and $4.18 per share for fiscal 2024, compared with analysts' average estimate of $3.66 per share, according to Refinitiv data.

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

Meta builds A-team focused on AI products

AI has emerged as a bright spot for investments in the tech industry, which has been struggling with slowing growth, and has cut thousands of jobs as well as dialed down on experimental bets to beat the downturn.

from Tech-Economic Times https://ift.tt/7w1A5fX

Wipro announces four new business lines to align with client business needs

Under the new model, Wipro has created four GBLs organized around cloud, enterprise technology and business transformation, engineering, and consulting, according to the exchange filing. The changes will go into effect April 1, 2023.

from Tech-Economic Times https://ift.tt/1ArWu6v

Paytm stock jumps over 5% in early trade. What's happening?

The consolidated revenue from operations increased 42% year-on-year (YoY) to 2,062 crore, driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in commerce business.

from Tech-Economic Times https://ift.tt/4rRMeBD

Dutch warn against internet tax as EU looks to Big Tech to fund networks

Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have long lobbied for a Big Tech contribution while Alphabet Inc's Google, Apple Inc, Meta Platforms Inc, Netflix Inc, Amazon.com Inc and Microsoft Corp are the firms that said an internet tax would undermine EU rules to treat all users equally.

from Tech-Economic Times https://ift.tt/cnZGV4z

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...