Welcome to the world of facts and news

Flipkart executive Prakash Sikaria to build in-house credit startup for ecommerce group

Sikaria’s venture is likely to be housed under a separate entity where the online retailer will be the majority shareholder and Sikaria will own equity as well, they added.

from Tech-Economic Times https://ift.tt/jr2PFd7

YouTube sends gun videos to 9-year-olds: ‘It’s not the kids. It’s the algorithms,’ study finds

Research shows that despite YouTube’s rules and content moderation efforts, the platform is failing to stop the spread of frightening videos that could traumatise vulnerable children - or send them down dark roads of extremism and violence.

from Tech-Economic Times https://ift.tt/3vbHtQP

Israel tech firms to continue job layoffs in 2023: Report

One-quarter of companies have stopped recruiting new employees and another quarter plan more layoffs - many of those planning to let go 5% of their workforce, according to a report.

from Tech-Economic Times https://ift.tt/Msol8G9

Arrowstreet, Coatue Management among big hedge funds buying Meta in first quarter

Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta Platforms Inc in the first quarter of the year, amid an eye-popping rebound in the Facebook-parent's stock.

from Tech-Economic Times https://ift.tt/smCpWR1

ZestMoney founders to exit troubled fintech; Amazon hikes seller fee, lays off staff in India

Capping months of twists and turns surrounding the ZestMoney-PhonePe deal, founders of the BNPL startup said they are leaving the cash-strapped startup. We’ve been on top of this deal ever since November last year, and have all the details on Monday’s development. This and more in today’s ETtech Morning Dispatch.

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

IT/ITeS jobs most preferred on campuses despite slump

32% of students surveyed prefer to work in IT/ITeS, as per a Deloitte India report

from Tech-Economic Times https://ift.tt/5uPhGv4

Startup chiefs join fray for IAMAI elections

Those in the running include Harsh Jain of Dream 11, Rajesh Magow of Makemytrip, Sameer Nigam of PhonePe, Harshil Mathur of RazorPay, and Anupam Mittal of Shaadi.com.

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

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...