Welcome to the world of facts and news

Google, Microsoft CEOs called to AI meeting at White House

The chief executives of Alphabet Inc's Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top administration officials to discuss key artificial intelligence (AI) issues on Thursday, said a White House official.

from Tech-Economic Times https://ift.tt/4DCuQ76

Chiratae Ventures marks final close of maiden growth fund at Rs 1,001 crore

With its dedicated growth fund, Chiratae is expected to invest in growth-stage rounds including Series C and above, while taking a sector-agnostic approach, the VC firm said.

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

Google’s ‘partial’ NCLAT win may force App Stores to rework plans

Local players are exploring legal and regulatory options after appellate body decision in the Google case, say legal, industry experts.

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

Why are Indian Startups imploding?

Indian startups have soaked up so much talent — and attention — that it is hard to imagine the sector will stay depressed forever. Even so, there are at least three lessons that we in India can learn from this downturn. First, we shouldn’t minimize the importance of remaining attractive to global risk capital. When global finance looks elsewhere, smart and ambitious Indian companies are left with far fewer options.

from Tech-Economic Times https://ift.tt/LJcFVE6

IBM to pause hiring in plan to replace 7,800 jobs with AI

Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said.

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

Chasm grows between Indian startups & internet body IAMAI; IT firms look to boost utilisation levels for better margins

Indian internet firms have given internet body IAMAI a thumbs-down, alleging that it has favoured Big Tech companies on multiple issues. This and more in today’s ETtech Morning Dispatch.

from Tech-Economic Times https://ift.tt/Ivqu4S2

Entrepreneurs flag lack of ‘credence’ as IAMAI not representing their interests, favouring Big Tech

This signals a deepening of the chasm between the interests of global internet majors such as Google and Facebook and that of the local startups over issues ranging from pricing policies to digital regulations.

from Tech-Economic Times https://ift.tt/YnviuO3

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...