While Germany is also teetering on the edge of recession, its companies have grown more slowly in recent years and, in a country notorious for still handling business by fax, there are huge technology leaps to be made.
JD.com will end its services in Thailand on March 3 and in Indonesia from the end of the same month, its local websites showed. Both units will stop taking orders on February 15.
The judge said that while the public had only a "weak" right to know who Bankman-Fried's guarantors were, it outweighed Bankman-Fried's arguments for confidentiality, including that the guarantors' safety could be imperiled.
FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets, but Voyager's bankruptcy preceded FTX's filing by four months.
The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.
Following the release of the Reserve Bank of India’s (RBI’s) new digital lending rules, fintechs in India have been in continuous consultation over first loss default guarantee (FLDG) arrangements. Today we have new details of the conversations between the central bank and fintechs on this hot bottom issue. More details in the ETtech Morning Dispatch.
Started as a pilot programme in August 2022, the edtech major has now hosted around 650 demo classes, and has about 100 teachers under this service, people aware of the matter told ET.
Global job site Indeed's monthly jobs insights showed that healthcare allied fields such as dental and nursing have the highest job postings on its platform at 30.8 per cent in December 2022.
Fatigue due to overworking, anxiety of getting laid off, worry about performance, pressure to perform, and overall career concerns in a tepid job market are a few of the stress triggers prevalent now across India Inc employees that rose significantly over the last month or so, according to mental wellbeing experts.
Silicon Valley is reeling at the prowess of an experimental chatbot called ChatGPT, released by OpenAI in late November and deemed "scary good" by Elon Musk. Musk, one of the founders with Sam Altman, left and now Microsoft is a partner.
As more and more Big Tech companies continue to sack employees, they have listed various reasons behind the move -- over-hiring, uncertain global macroeconomic conditions, strong tailwinds from the Covid-19 pandemic and more.
As the Indian startups ecosystem goes through a churning as VCs squeeze funds, certain industries such as quick service restaurants (QSR), direct-to-consumer (D2C) and electric vehicle market and infrastructure still hold promise this year, especially for early-stage platforms.
Founders of the startup Himalayan Hemp, said they were using hemp plants to produce sanitary pad, apparels (shirts, T-shirts and designer wear), bags and shoes, besides protein powder, anti-aging and edible oils, and other cosmetic products.
According to an official release, Startup20 aspires to create a global narrative for supporting startups and enabling synergies between startups, corporates, investors, innovation agencies and other key ecosystem stakeholders.
A senior US administration official, discussing the initiative shortly before the official announcement, called it the first sweeping AI agreement between the United States and Europe.
Under the new criteria, which follow billionaire Elon Musk's purchase of the company in October, Twitter accounts will only be suspended for severe or ongoing and repeat violations of the platform's policies.
A day before the deadline, Google announced several changes to Android in India, such as allowing device makers to license its individual apps for pre-installation and allow users to choose their default search engine.
The gaming committee of the Internet and Mobile Association of India (IAMAI) has sought a common framework to be laid down by the government for the SRBs to follow so that uniform compliance and transparency can be ensured.
"The formation of ASEIP shall broaden the scope of international space activity, open up a dialogue on the issues faced by the stakeholders, explore collaborative opportunities and models, and synthesise a way forward for all collectively and serve as a cohesive voice for orchestrating international space cooperation," ISpA Director Wg Cdr Satyam Kushwaha (Retd) said.
Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division.
On Wednesday, Google announced it would make a slew of changes to Android in India to comply with a ruling by the country’s competition watchdog last October, which found the tech giant guilty of abusing its market dominance. Now, a number of Indian startups have accused Google of using “delaying tactics”, saying its changes to Android are merely cosmetic.
Chief Financial Officer James Kavanaugh told Reuters that the company was still "committed to hiring for client-facing research and development". The layoffs - related to the spinoff of its Kyndryl business and a part of AI unit Watson Health - will cause a $300 million charge in the January-March period, IBM said.
In a blog post on Wednesday announcing Trump's reinstatement, Meta said he will face "heightened penalties for repeat offenses." The company, then called Facebook, banned Trump two years ago after he praised rioters who stormed the U.S. Capitol on Jan. 6, 2021.
More than 18,000 Instagram users reported issues with accessing the app and about 13,000 incidents were reported for the Facebook app, according to Downdetector.com.
The restoration of his accounts could provide a boost to Trump, who announced in November he will make another run for the White House in 2024.
Two early backers of Flipkart – venture fund Accel Partners and New York-based investment firm Tiger Global – are in talks to exit the ecommerce firm by selling their remaining stakes to its parent Walmart for around $1.5 billion, according to our sources.
IT industry lobby group Nasscom urged the government to notify safe harbour rules for entities with a turnover of up to Rs 1,000 crore
The cloud business is under the spotlight again following the viral success of chatbot ChatGPT, which answers general questions in plain language using artificial intelligence. The bot is a creation of startup OpenAI, in which Microsoft is investing heavily and which requires intense cloud computing services.
The government alleged in the complaint that Google is looking to "neutralize or eliminate" rivals in the online ad marketplace through acquisitions and to force advertisers to use its products by making it difficult to use competitors' offerings.
India’s fintech sector had a rocky 2022 thanks to a prolonged funding winter and strict new lending rules from the Reserve Bank of India. Looking for a new lease of life, the sector is lobbying hard for incentives in the upcoming budget, including ‘priority’ status from the government.
In their expectations from finance minister Nirmala Sitharaman, the fintech industry – which has seen several regulatory reforms over the last year – is seeking ‘priority sector’ status for driving financial inclusion, along with sops to cover the cost incurred for growing digital payment net in the country.
Musk's comments add to a long-running debate over whether such advisers have too much sway over corporate decision-making.
"Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its dominance over digital advertising technologies," the government said in its antitrust complaint.
After years of blistering growth, most recently fuelled by remote working and studying during the pandemic, cloud demand has cooled in the past nine months and sales growth may slow further, analysts said.
The company saw strong demand for its home office products and computer gaming devices during COVID-19 lockdowns, but the momentum has been fading as countries lift the curbs and as high inflation drives up costs and refrains consumers from spending.
"420 was not chosen because of a joke; it was chosen because there was a 20 percent premium over the stock price," Musk said when asked if he was having a laugh when he made the tweet.
The policy document was withdrawn after it failed to find adequate support from other member nations of the UN Ad-Hoc committee, sources said. The grouping has been tasked with creating a comprehensive international convention to counter the use of information and communications technologies for criminal purposes.
The policy document was withdrawn after it failed to find adequate support from other member nations of the UN Ad-Hoc committee, sources said. The grouping has been tasked with creating a comprehensive international convention to counter the use of information and communications technologies for criminal purposes.
The ECB is working on a digital version of its currency and is in the process of outlining the broader design, also hoping to alleviate concerns that the digital currency could disrupt the financial system and give the central bank too much data on citizens.
Log9, backed by its recent series of investments, aims to solve the challenges around safety, reliability, and performance by investing further into cell and battery technologies.
Google has sent an email to foreign employees, notifying them that the tech giant will pause any new filings of PERM, leaving foreign workers in a limbo.
The number of positions to be eliminated wasn’t specified. Spotify laid off 38 staff from its Gimlet Media and Parcast podcast studios in October. The music streaming giant has about 9,800 employees, according to its third-quarter earnings report.
Elliott has made many technology focused investments. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director.
Meesho undertook changes to its product returns policy following feedback from its third-party logistics partners, the sources added. Returns comprise a big cost area for e-commerce players in India as it adds to logistics expenditure.
Kalaiselvi, the first woman director general of CSIR, established by the government in 1942, was in Bhopal to participate in the 8th India International Science Festival (IISF)-2022 which began on Saturday.
The billionaire also said that ads are "too frequent on Twitter and too big," and that steps will be taken to address those issues in coming weeks.
Microsoft, Amazon, Google and Goldman Sachs have operations in India and also are regular recruiters at top Indian campuses including IITs. This year, both Microsoft and Amazon are hiring fewer numbers from the campuses, according to multiple placement sources.
Microsoft said this week it planned to cut 10,000 jobs, or roughly 5% of its workforce. And Friday morning, Google's parent company Alphabet said it planned to cut 12,000 jobs, or about 6% of its total. Their cuts followed big layoffs at other tech companies such as Meta, Amazon and Salesforce.
In a message sent to the Digital News Publishers Association (DNPA) conference on Friday, Apurva Chandra said Australia, Canada, France and European Union have already taken the initiative through their legislatures and strengthened their competition commissions to ensure a fair split of revenue among the creators of news content and the aggregators.