Perplexity founder Aravind Srinivas-backed Astra shuts shop on cofounder differences

The startup aimed to automate 80% of account executive activities and enhance deal execution. It even successfully onboarded two enterprise clients during its beta phase. However, building trust with enterprise clients proved challenging amid the growing complexity and confusion in the surge of AI agents.

from Tech-Economic Times https://ift.tt/8Ii6b4o

AI to impact 1.8 crore jobs in manufacturing, retail, education sectors by 2030: Report

Manufacturing jobs will bear the highest impact with 80 lakh workers to be affected, closely followed with retail with 76 lakh jobs to be impacted and education jobs impact is pegged at 25 lakh over the next five years, as per the report by Servicenow.

from Tech-Economic Times https://ift.tt/6kqhJ3r

Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion: Report

Shares in CyberArk rose about 13%, while Palo Alto Networks' stock fell roughly 2%. Palo Alto Networks could finalise a deal for CyberArk as soon as later this week, the report said.

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

OpenAI rolls out study mode in ChatGPT

The feature has been rolled out to logged-in users across Free, Plus, Pro, and Team plans, with ChatGPT Edu availability planned soon. The study mode offers personalised feedback to track progress and supports knowledge retention.

from Tech-Economic Times https://ift.tt/FXS2tYe

MeitY wants tariff shield for electronics exports

MeitY has pinged Commerce Department to help ensure electronics exports from India are not clubbed with China, others.

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

TCS to freeze senior hiring, pause annual salary hikes

Onboarding delays for those with experience who have been hired exceeds 65 days, according to the people cited. The Tata Group unit has already started phasing out hundreds of benched staff in Hyderabad, Pune, Chennai and Kolkata, in line with its new policy that mandates such employees to find projects in 35 days or leave. TCS did not comment on the development.

from Tech-Economic Times https://ift.tt/7gNjuMv

Agritech DeHaat’s FY25 revenue up 11% to Rs 3,000 crore

Temasek-backed DeHaat clocked revenue of Rs 3,000 crore in FY25, an 11% increase from the prior year, and is currently operating at an annual revenue run rate of Rs 4,000 crore, said Shashank Kumar, who is also its chief executive. He did not provide the profit and revenue figures for the first quarter, or the bottom line for the last fiscal year. The company has yet to file the financial statements for FY25 with the Registrar of Companies.

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

Tech industry at an inflection point, workforce rationalisation expected in near term: Nasscom

Tata Consultancy Services (TCS) has said it will lay off more than 12,000 employees, or 2 per cent of its global workforce, this year, as part of a broader strategy to become a "future-ready organisation". The impact will be felt most in the middle and senior grades.

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

Ather Energy narrows gap with Ola Electric as EV sales decline amid rare earth magnet crunch

Ola Electric's focus on profitability has led to a market share decline, with Ather Energy closing the gap. The electric two-wheeler segment faces challenges due to China's rare earth magnet export restrictions, impacting production even for major players like Bajaj Auto and TVS Motor. Meanwhile the Bhavish Agarwal-led electric scooter maker is undertaking the uphill task of developing alternative motors.

from Tech-Economic Times https://ift.tt/goks1VC

US to release result of probe into chip imports in two weeks

The Trump administration is set to reveal the results of a national security probe into semiconductor imports in two weeks, signaling potential new tariffs. President Trump hinted that companies, including those from Taiwan, would invest in U.S. manufacturing to avoid these tariffs. A new trade framework with the EU includes tariffs on imports, with autos facing even higher rates.

from Tech-Economic Times https://ift.tt/Uyvur2B

Quick fashion plays trials with AI to win ‘no return’ game

Startups bet big on ‘try and buy’ and virtual try-on tools for fewer returns. While these tools lower costs and improve customer satisfaction, concerns remain over long-term viability due to added logistics expenses.

from Tech-Economic Times https://ift.tt/U7DrimE