Ani Technologies Pvt Ltd, popularly known as Ola Cabs, has witnessed a significant increase in losses for the financial year 2021-22, according to financial data obtained by business intelligence platform Tofler. The ride-hailing company reported a loss of Rs 3,082 crore, marking a substantial rise compared to the previous year. Tofler’s statement revealed that Ola […]
Anupam Mittal, famously known as the ‘King of Bling’ on Shark Tank India, has collaborated with the men’s apparel brand Snitch to launch his own fashion line. This collaboration marks a significant milestone for Snitch, which secured a rare all-sharks deal on the show, raising ₹1.5 crore in exchange for a 1.5% equity stake from […]
Two Indian-origin teenagers, Aryan Sharma and Ayush Pathak, have attracted investment from Sam Altman, the CEO of OpenAI, for their artificial intelligence (AI) startup based in Silicon Valley, USA. The startup, named Induced AI, was founded earlier this year and has successfully raised $2.3 million in its seed funding round. The investment was led by […]
Meesho, a homegrown social commerce platform, revealed on Friday that it has laid off 251 employees, which accounts for 15% of its workforce, with the goal of achieving sustained profitability. In a statement, the company acknowledged the difficulty of the decision to part ways with 251 team members, constituting 15% of its employee base. The […]
In Cupertino, Tim Cook’s leadership at Apple appears to be taking a more serious turn this year, signaling a shift in the company’s direction. The recent layoffs of over 600 employees in California, as reported by filings with the California Employment Development Department and first covered by Bloomberg, underscore this change in approach. While this […]
FarEye, an end-to-end global delivery management platform based in New Delhi, has announced the layoff of 90 employees, marking its second round of job cuts in approximately eight months amidst the prevailing economic challenges. The recent layoffs, affecting various departments including technology, product development, human resources, business partnerships, and sales, were reported by leading startup […]
Wedbush analyst Dan Ives has raised concerns over Apple’s reported exploration of home robots, suggesting that such a move could spell trouble for the tech giant. In a recent CNBC interview, Ives referenced a Bloomberg report detailing Apple’s interest in venturing into home robotics, viewing it as a potential diversion from the company’s core focus […]
Amidst a challenging year for Apple, investors eagerly await any signs of progress, particularly in the realm of artificial intelligence (AI). A recent surge in Apple’s stock price, following reports of plans to revamp its Mac lineup with new M4 processors focused on AI capabilities, underscores the market’s keen interest in the tech giant’s AI […]
Billionaire investor and early supporter of OpenAI, Vinod Khosla, has voiced his support for the mandated divestiture of TikTok from its Chinese parent company, ByteDance. Khosla’s stance aligns with recent legislative efforts, including a bill passed by Congress in March, aimed at compelling ByteDance to sell TikTok’s US operations to non-Chinese entities or face a […]
In his annual letter to shareholders, Amazon CEO Andy Jassy underscored the pivotal role of artificial intelligence (AI) in shaping the future of technology. Jassy positioned generative AI as a transformative force comparable in significance to the advent of cloud computing and even the internet itself. He emphasized that unlike previous technological shifts, the AI […]
Laura Ferreira
