Amazon layoffs to exceed 18,000 job roles; Why Microsoft CEO thinks it's 'showtime' for tech industry; China's Covid19 data; Expert opinions & more
Amazon layoffs to exceed 18,000 job roles, confirms CEO Andy Jassy
亚马逊 aims to shed more than 18,000 roles, said chief executive officer Andy Jassy as the company is looking to cut costs. The technology giant's boss in a memo to the employees said,
"This year’s review has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years.”
The company employed 1.54 million people at the end of the third quarter. He further added that the company will start circulating information regarding layoff to impacted employees starting January 18, 2023.?Amazon started layoffs in November last year with letting go off nearly 10,000 employees.
Why Microsoft CEO Satya Nadella thinks it's 'showtime' for tech industry
微软 CEO Satya Nadella declared it is “showtime” for the tech industry, referring to how far it has come, talking specifically about artificial intelligence (#AI). The most exciting thing to happen in the industry, perhaps, is the coming of OpenAI’s ChatGPT, an artificially intelligent chatbot. The whole model was trained on Microsoft Azure.
Nadella also said this #partnership with OpenAI is only the beginning and they are excited about the future.
“I think of this next generation of AI where we have built very unique infrastructure. In fact, the best AI infrastructure is on Azure in which trained models like GPT,” he added.
Satya Nadella in conversation with Shereen Bhan
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Facebook emerges as most used social media platform on Axis My India's CSI Report
In its latest Consumer Sentiment Index, Axis My India found that Facebook was the preferred #socialmedia platform for users in 2022. The findings are based on a survey of 5,799 families, 35 percent of whom said that they picked Meta 's flagship social network over other platforms.
WhatsApp was second on the list with 26 percent of the votes, and YouTube was a close third with 25 percent. Interestingly, Instagram only got 12 percent of the votes and the last on the list was Twitter with only one percent of the people saying they used the platform.
Everything you need to know about metaverse dating
The concept of the metaverse has become popular in recent years with the rise of virtual reality (VR) and augmented reality (AR). The evolution of these technologies has made it possible for people to experience immersive virtual environments in a way that was previously unimaginable.
Amid Covid, people started meeting, interacting and even working in virtual environments. And it wasn’t long before dating apps discovered the utility of the metaverse and the vast possibilities it could provide.
US working with international partners to condemn Taliban for restrictions on girls' education
The United States is working with international partners to devise consequences for the #Taliban for its recent restrictions on girls’ education in Afghanistan, a State Department spokesperson said. The State Department Spokesperson Ned Price told reporters,
”We are working with our partners throughout the government and also with like-minded partners around the world to devise an appropriate set of consequences that register our condemnation for this outrageous edict on the part of the Taliban, while also protecting our status as the world’s leading humanitarian provider for the people of Afghanistan,”
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COIVD-19: WHO says China underrepresents data, Biden also concerned
China’s COVID-19 data is not giving an accurate picture of the situation there and underrepresents the number of hospitalisations and deaths from the disease, a senior official at the World Health Organization said on Wednesday.
The U.N. agency was preparing to meet Chinese scientists again on Thursday as part of a wider briefing among member states on the global COVID-19 situation as concerns grow about the rapid spread of the virus in the world’s No. 2 economy.
Byju Raveendran looking to buyback 15% stake in Byju's: Report
Edtech major BYJU'S founder Byju Raveendran is in talks to raise his stake in the company to as high as 40 percent, as reported by Bloomberg. According to reports, the founder of the world's most valuable edtech startup is looking for funds to finance the buyback. According to estimates, this could be 15 percent of the company's shares.
Nexus Venture eyes $700M fund to bet on India, US tech startups: Report
Nexus Venture Partners is in advanced talks to raise a $700 million fund, the second-biggest such pool to be garnered in the country in the past year, to invest in domestic and US-based technology firms, sources told Reuters.
The planned fund raising will close within two months. Nexus will invest the new funds - which will be the biggest raised in India after Sequoia Capital 's $2.85 billion fund in mid-2022 - in early stage funding rounds of Indian internet and technology startups, as well as US-based software firms, the report added.
Bullspree raises $1 million in seed funding
Bullspree App , an experiential learning platform for the stock market, has bagged $1 million in the seed funding round led by Desai Family Office, Promoters of IIFL Wealth, Pai Ventures, IVY Growth, and Marquee Angel community. Existing investors, such as Dineout founders have also participated in the round.
#ExpertEdge ??
Coach Soch: The Agile 60s — Time for India Inc to prepare its people for retirement life too
Since India currently boasts of demographic dividend, it is equally important to think of challenges of age in society -- something that India would witness in the next two decades. So planning well for the second innings is crucial, which India shies away from speaking.
India’s Airline Landscape: What the year 2023 holds for the sector
The market in 2023 will be a battle between IndiGo (InterGlobe Aviation Ltd) and Airindia Limited (including subsidiaries). Together these two behemoths will control 80 percent of the market. The other airlines are left competing at the fringes and it would seem that additional consolidation may be the way to go.
As 2023 begins, India’s airline landscape has 7 large commercial airlines, 692 aircraft and combined revenues that are touching USD 11.5 billion.?Forecast to fly more than 180 million passengers in 2023, and the market has witnessed several changes too.
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WEEK-A-VIEW | Indian Army Deploys First Woman Officer In Siachen- Here's All You Need To Know?
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