Page 94 - Data Science For News Today

The move adds to signs that job cuts will continue this year, as companies look to adopt artificial intelligence software and automation to lighten workloads.

As per Accentures Pulse of Change: 2024 Index, 88% of C-suit leaders see generative AI as more of an opportunity than a threat in the business landscape.

According to layoff-tracking website Layoffs.fyi, 48 tech companies have sacked 7,528 employees till January 15. The cuts signal that this could be another tough year for the tech industry which saw mass layoffs in 2023 as well.

Upgrad founder Ronnie Screwvala, who owns 22.4% in Upgrad, likely to participate in $100 million round. The company has pitched to external investors for about $50-60 million. The rest would be from existing investors like Temasek.

ESC chairman Sandeep Narula said that IT software/services accounted for the largest share of the exports, contributing $126 billion, followed by BPO services contributing $52 billion, software products development contributing $5.1 billion, and engineering services $ 9 billion.

Spacetech startup Pixxel inaugurated its new assembly, integration, and testing facility in Bengaluru. The facility, built in northern Bengaluru, consists of a clean room and testing area spread over 20,000 square feet.

Somanath, speaking on the sidelines of the inauguration of space-tech startup Pixxels new manufacturing facility, MegaPixxel, said Isro will have at least two test flights to demonstrate abort scenarios and a few helicopter drop tests which demonstrate the parachutes and failure modes.

Technology company Baidu on Monday refuted a newspaper report that said its artificial intelligence chatbot Ernie was linked to Chinese military research.

India should consider adopting regulatory sandbox approaches to deal with issues related to crypto products and services. The Global Trade Research Initiative (GTRI) suggests that India needs to balance innovation with risk management and adapt advancements in blockchain technology.

Rapido competes with the likes of Ola, Uber, Blusmart, Indrive, Shoffr and Namma Yatri in the Indian ride-hailing space. In FY23, Ola Cabs standalone loss narrowed by 65%, while Uber Indias net loss widened to Rs 311 crore.