Thursday, December 22, 2022

FTX collapse: Sam Bankman-Fried's associates Ellison, Wang plead guilty to criminal charges

The US Attorney for the Southern District of New York Damian Williams said in a statement on Wednesday night that Ellison and Wang had been charged “in connection with their roles in the frauds that contributed to FTX’s collapse.”

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Job-tech firms hit as startup hiring falls; IT firms’ clients focus on smaller deals amid downturn

Edtech startups such as Masai School, Simplilearn and Relevel are reworking their approach because of the slowdown in the job market, especially for roles such as software development, sales and marketing.

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IT clients stick to smaller deals on headwinds

Above $100 million ACV deals form just 10% of activity in July-September quarter, lowest in 5 years: ISG

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Elon Musk says Twitter in precarious position, defends cost cuts

"This company is like, basically, you're in a plane that is headed towards the ground at high speed with the engines on fire and the controls don't work," Musk told a late-night audience on a Twitter Spaces call Tuesday.

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Wednesday, December 21, 2022

Video gamers sue Microsoft in US court to stop Activision takeover

The complaint filed in federal court in California comes about two weeks after the U.S. Federal Trade Commission filed a case with an administrative law judge seeking to stop Microsoft, owner of the Xbox console, from completing the largest-ever acquisition in the video-gaming market.

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Exclusive | India can be a ‘shining example’, says Pichai; BigBasket bags $200M at $3.2B valuation

Responding to a question on two orders by India's competition watchdog in October, in which it imposed heavy fines on Google, Pichai said he was “definitely concerned” by some aspects of the rulings as they could “really set back user privacy and security”.

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BigBasket raises $200 million from Tata Digital, others

CEO Hari Menon outlines quick commerce expansion, bringing 1mg on its app . The funding takes e-grocer’s valuation to $3.2 billion.

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Exclusive | Country has set shining example with UPI, Aadhaar & India stack: Sundar Pichai

Alphabet chief says Google wants to be a constructive partner, while outlining some concerns around the CCI verdicts and roots for responsible regulation.

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Twitter’s grey verification mark for govt officials is live now



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Twitter rolls out grey tick mark for govt, golden for companies

The company on December 12 announced that it will be "replacing the "official" label with a gold checkmark on some business accounts on Twitter. It had said that it would add a grey checkmark for government and multilateral accounts.

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Tuesday, December 20, 2022

Sam Bankman-Fried said to agree to extradition after chaotic hearing

Bankman-Fried is facing fraud charges in the United States related to the collapse of his cryptocurrency exchange, FTX, which was based in the Bahamas.

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Anthropic quietly sets up biology lab as it ramps AI drug program

At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco...