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At the post-results briefings, senior executives at Infosys and TCS said there were few signs of recovery in global demand for technology services, which has been buffeted by macroeconomic and geopolitical uncertainty for nearly two years now.

The National Commission for Protection of Child Rights (NCPCR) has summoned YouTubes head of public policy and government affairs, Mira Chatt, on January 15 over the platforms alleged failure to curb child sexual abuse material (CSAM) and other harmful content.

Previously, BlackRock had valued Byjus at $8.2 billion at the end of the March quarter of 2023. For Byjus, this is not the first valuation markdown. Last year, Prosus cut Byjus valuation to below $3 billion, while Peak XV Partners, formerly Sequoia Capital India, told its limited partners (LPs) it would have to significantly mark down the value of its holding.

Salty said the the capital raised will be deployed in initiatives, including recruiting for critical positions, expanding channels, and strengthening the brands digital presence with the release of an app.

The rise of AI has fed a host of concerns, including the fear that it could be used to disrupt the democratic process, turbocharge fraud or lead to job loss, among other harms. Europe is ahead of the US on regulations around AI, with lawmakers there drafting AI rules.

The Competition and Markets Authoritys willingness to take them on was made clear last year when it intervened in Microsofts purchase of Call of Duty maker Activision Blizzard, and again more recently when it said it was reviewing the US giants deal with ChatGPT maker OpenAI.

If the downturn in large American deals extends to next year, lackluster mass consumption in the worlds most-populous nation may start to weigh on an exuberant stock market thats betting big on a third term for Modi.

Edtech platform Simplilearn announces new appointments in senior management. Mark Moran rejoins as chief marketing officer. Veerasundar V assumes role of chief financial officer. Simplilearn, founded in 2010, provides digital learning solutions. Operating revenue grows to Rs 684 crore in FY23. Simplilearn has raised over $80 million. Acquired Fullstack Academy in November 2022.

Just a year after ChatGPTs launch in 2022, companies did not have enough time to translate the excitement of large language models into gadget form.

Fashion company Shein is seeking Beijings nod to go public in the U.S., a decision which could delay its float plans. The Singapore-based company, valued at $66 billion in a May fundraising, filed with the Chinese regulator in November to comply with new listing rules for local firms.