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Meta warns employees of serious times ahead

Facebook parent Meta has warned its employees of a “difficult” year as its ad revenue continues to suffer as the economy weakens. According to the internal document obtained by The Verge, the social media giant’s emphasis for the rest of the year is metaverse and ad revenue from Reels and Shops Ads. The latest development comes less than a month after another leaked document detailed the company’s plans to cease hiring due to revenue shortfalls. Meta’s ambitions to launch Whatsapp Communities before it goes global at the end of the…

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Over 50K startup employees stare at job loss as India prepares for 200 unicorns

As companies in India continue to lay off employees to navigate the ‘funding winter,’ with over 60,000 expected to lose their employment in 2022 alone, the country is gearing up to welcome 200 unicorns in the next four years. As hundreds more face layoffs, led by edtech and e-commerce platforms, the ‘ASK Private Wealth Hurun India Future Unicorn Index 2022’ list shows that almost 122 businesses from 25 cities  are on the route to becoming unicorns. The irony is that while funding still flows in the Indian startup ecosystem, the…

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Edtech Startups launching hybrid learning centers

Vedantu, the edtech unicorn, has opened its first hybrid learning center in Muzaffarpur, following in the footsteps of other edtech firms such as Byju’s, Unacademy, and PhysicsWallah, among others. This is happening as online education platforms shed pandemic-induced expansion and offline institutions open with limitations eased. Vedantu’s offline learning incursion is primarily aimed at bolstering its prominence in the test preparation area. “The courses will cover preparation for IIT Joint Entrance Exam (JEE) and National Eligibility cum Entrance Test (NEET), a two-year course for students of Grade 11 and a…

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How Machine Learning helped Chrome to become more secure and enjoyable?

Google has revealed how machine learning is aiding in the security and enjoyment of Chrome. To begin with, Google claims that its latest machine learning (ML) model has enabled Chrome to detect more than twice as many phishing attacks and harmful sites. In March, the new on-device machine learning model was released. Google claims that Chrome has detected 2.5x more threats since its release. Aside from security, Google is planning to apply machine learning to improve the Chrome user experience. Chrome allows users to refuse notifications from pages they aren’t…

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Whatsapp users can now appeal for their banned accounts

WhatsApp has been known to ban accounts that violate its terms of service. However, users did not have a proper mechanism to appeal their account ban or seek account revocation until now. That could change soon, as the platform is currently testing a new method for users to appeal if their accounts are banned. The news comes from WABetainfo, which discovered the new feature on WhatsApp beta for Android and iOS users this week. Users will be able to appeal if their account is banned using this option. According to…

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The growing Importance of AI in India

Artificial intelligence is no longer a niche technology in India according to a new Bain & Company report with 80 percent of enterprises polled using at least one AI model. From Buzz to Reality: The Accelerating Pace of AI in India, a report based on a survey of nearly 150 providers and 350 enterprises, will be released on Tuesday. This was achieved in partnership with Microsoft and the Internet and Mobile Association of India (IAMAI). Technology solution providers are driving AI adoption in India, with 64 percent incorporating AI/ML into many…

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Tesla lays off 200 employees who helped train company’s

In a fresh round of layoffs, Tesla has parted ways with 200 more employees who were working on the company’s Autopilot driver-assistant system. Additionally, Tesla has shut down its San Mateo, California, office. One of the suspected causes of the recent layoffs is cost-cutting. Elon Musk, CEO of Tesla, recently disclosed that the business will lay off up to 10% of its workers in the upcoming three months. One of the employees from the group of workers who were laid off reportedly told the news organization about the layoff. He said…

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Byju’s lays off over 2500 employees across Whitehat Jr and Toppr

The ed-tech company in India is experiencing its most successful era to date. Byju’s, the biggest and most successful ed-tech startup in India after Unacademy and Vedantu, is having trouble surviving. Shah Rukh Khan serves as the brand ambassador for the ed-tech business, which has cut off over 2500 workers from sibling companies including Whitehat Jr. and Toppr. During the covid-induced lockout, WhiteHat Jr dominated the spotlight to make coding approachable to children. The Byju Ravendrann-led company, according to MoneyControl, has let go of full-time and contract workers from Toppr,…

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Merchant commerce platform Pine Labs makes its third acquisition; buys API Infra startup Setu

The API infrastructure company Setu from Bengaluru has been purchased by Noida-based merchant commerce platform Pine Labs for an undisclosed sum. The sale is reportedly worth anywhere between $70-75 million, according to multiple media sources. As part of the agreement, Setu will continue to run as a separate business and continue to support its current merchants. Pine Labs will be able to access Setu’s API infrastructure stack and enter integrated finance as a result of the agreement, extending fresh offerings for its online merchant partners. “Setu will make an incredible…

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 Byju’s pushes back payments for billion-dollar Aakash deal

Byju’s, the most valued startup in India and a provider of online education, is delaying payments for a $1 billion acquisition made last year. According to the sources, who declined to be named because the conversations were private, Byju’s requested a two-month delay before paying Blackstone Inc. and other shareholders of test prep company Aakash Educational Services this week. According to the sources, several dealers got partial payments in 2021. According to one of the sources, Blackstone, which controlled 38% of Aakash, decided to postpone payments that were due this…

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