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Why does Mark Zuckerberg warn his employees?

Meta has warned its staff that “serious times” are ahead. Meta is aggressively reducing hiring. Mark Zuckerberg, the company’s CEO, said that the company’s intentions to hire engineers have been reduced by over 30%. During a weekly employee Q&A, Zuckerberg also stated that the company is “turning up the heat” on performance management to remove employees who fail to fulfill their targets. “Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg said. Part of my hope for raising expectations and having more aggressive…

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Google to pay $90 mln to settle legal fight with app developers

Alphabet Inc’s Google has agreed to pay $90 million to settle a legal dispute with app developers over the money they made creating apps for Android smartphones and enticing users to make in-app purchases. In a lawsuit filed in federal court in San Francisco, the app developers accused Google of effectively closing the app ecosystem by using agreements with smartphone makers, technical barriers, and revenue sharing agreements to shunt most payments through its Google Play billing system with a default service fee of 30%. As part of the proposed settlement,…

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Global Artificial Intelligence Summit & Awards 2022 Organized by AICRA to be held on the 6th & 7th of October.

The Global Artificial Intelligence Summit and Awards (GAISA), one of the world’s most influential AI events, is set to take place on October 07th and 08th of 2022. The GAISA event, which is organized by the All India Council for Robotics and Automation, brings together some of the most sought-after experts and leaders in Artificial Intelligence. With the success of previous editions, the event has established a high reputation. The conference will cover AI advancements in various sectors such as healthcare, agriculture, education, smart cities, and transportation. Here are some…

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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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