Uber is grappling with tough competition from Lyft, which has cut fares to gain customers as sticky inflation sparks worries about ride-share demand.
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Apple delays work on next year’s iPhone, Mac software to fix bugs
In a rare move, Apple Inc. hit pause on development of next year’s software updates for the iPhone, iPad, Mac and other devices so that it could root out glitches in the code.
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US consumer watchdog proposes rules for Big Tech payments, digital wallets
The Consumer Financial Protection Bureau's proposal would subject companies like Alphabet, Apple and PayPal to bank-like supervision, with CFPB examiners inspecting their privacy protections, executives' conduct, and compliance with laws barring unfair and deceptive practices.
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WeWork India says business not affected by US bankruptcy
The Chapter 11 filing will not impact WeWork India’s members and stakeholders, the company said in a statement on Tuesday, adding that it will continue to operate and serve members, landlords, and partners as usual.
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ChatGPT-maker OpenAI hosts its first big tech showcase as the AI startup faces growing competition
The path to OpenAI's debut DevDay has been an unusual one. Founded as a nonprofit research institute in 2015, it catapulted to worldwide fame just under a year ago with the release of a chatbot that's sparked excitement, fear and a push for international safeguards to guide AI's rapid advancement.
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Bumble founder Whitney Wolfe Herd to hand over CEO role to Slack's Lidiane Jones
Jones is the CEO of Salesforce-owned Slack and has held senior business roles at Microsoft where she spent more than 12 years. She will take over on Jan. 2, while Wolfe Herd will remain executive chair.
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For financial services companies, India’s best market for tech talent: Morgan Stanley executive
India is currently the second largest location in terms of tech headcount outside the US for the multinational financial services firms, Michael Pizzi, managing director and head of US banks & technology at Morgan Stanley, told ET.
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