For months, companies large and small have raced to bring increasingly versatile AI to market, throwing endless data and billions of dollars at the challenge. Some critics fear the technology will exacerbate societal harms, among them prejudice and misinformation, while others warn AI could end humanity itself.
M&As in startup and MSME sectors will now be able to secure approval within 15 days that can go up to a maximum of 60 days, a corporate affairs ministry (MCA) notification said. The move is seen as a big boost for the startup sector that has seen a rise in corporate restructuring in recent times.
Troubles seem to be mounting for beleaguered ZestMoney as lenders pull back credit lines, a day after its founders left the company after a failed PhonePe acquisition. This and more in today’s ETtech Morning Dispatch.
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.
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.
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.
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.