Meta has apparently requested company managers to identify poor performers, just weeks after the company warned of difficult times ahead. Some Meta employees are concerned about losing their jobs soon, while others are concerned about mass layoffs later. According to reports, Mahar Saba, Meta’s VP for Remote Presence, has directed managers to identify team members who “require care.” Saba has also reportedly instructed managers to “move to exit” under-performers and those “who are unable to get on track.” In the meantime, Meta rival Google is also slowing down hirings this…
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Business
Google to slow down hiring for the rest of 2022
Google is slowing down hiring processes for the rest of 2022. Google will continue to support its “most significant opportunities,” according to a memo from CEO Sundar Pichai to staff published by The Verge, and will focus on hiring engineering, technical, and other vital roles. Pichai’s memo comes only weeks after Meta announced similar restrictions after failing to meet revenue expectations. Google has historically been somewhat resilient to economic uncertainty, and its subsidiary company YouTube performed well in Q4 2020 – the first year of the COVID-19 epidemic. Its ad…
Read MoreTCS launches its 5th global research and innovation centre in Toronto
Tata Consultancy Services (TCS) launched TCS Pace Port Toronto, its fifth global research and co-innovation centre. Pace Port Toronto, which spans 16,000 square feet, gives businesses access to the latest technologies and “breakthrough thinking” from TCS Research labs, start-ups, VCs, entrepreneurs, and academia – including the University of Toronto – as well as TCS’ network of Pace Ports in New York, Pittsburgh, Amsterdam, and Tokyo, according to a company statement on Wednesday. “By connecting to this collective ecosystem of innovators and intellectual property via TCS’ Co-Innovation Network (COINTM), Canadian companies…
Read MoreGAISA focuses on the power of AI in major industries
The third edition of the Global Artificial Intelligence summit and awards to raise the curtains on the 97th and 08th of October 2022 with a comprehensive focus on the strategic and tactical benefits of artificial intelligence in various sectors such as healthcare, education, agriculture, smart cities, and transportation. Organized by the All-India Council for robotics and automation (AICRA), the GAISA summit is an annual event dedicated to addressing the innovations that happened in the field of artificial intelligence. This season, the summit will bring together international and regional decision-makers, experts,…
Read MoreTop 5 innovative AI startups
In the international AI race, India has been one of the most dominant countries. The Indian government is providing millions of dollars in funding to AI start-ups. These AI start-ups in India are focused on developing new products and services to boost productivity and income in the domestic market. Let’s look at the top five innovative Indian AI start-ups. Avaamo Avaamo, a conversational AI platform, is one of the most innovative Indian AI start-ups in 2022. With Voice demo—patient scheduling, it provides immediate and personalised assistance to patients in the healthcare,…
Read MoreBiotech startup String Bio raises $20 million
String Bio announced on Monday that it has received a $20 million investment from Woodside Energy Group, Ankur Capital, Dare Ventures, Redstart, and Zenfold Ventures. String Bio also announced in a statement that it has signed a strategic development agreement with Woodside Energy Technologies Pty Ltd, a wholly-owned subsidiary of Woodside Energy Group, for the production of sustainable protein ingredients from greenhouse gases. The company uses advances in biology, fermentation technology, chemistry, and process engineering to convert methane energy into a variety of value-added products. Products enabled by String’s platform…
Read MoreMeta’s new AI model to improve translation quality
Meta has unveiled NLLB-200, a new AI model that can translate 200 languages and improves quality by 44 percent on average. For a long time, translation apps have been fairly adept at the most common languages. Even if they do not provide an exact translation, it is usually close enough for the native speaker to understand. However, hundreds of millions of people in multilingual regions such as Africa and Asia continue to be underserved by translation services. In a press release, Meta wrote: “To help people connect better today and…
Read MoreHSI launches third edition of its startup incubator program
Humane Society International/India has announced the third edition of its annual Humane Entrepreneurship program, which is aimed at social entrepreneurs with early-stage startups focusing on animal welfare and environmental issues. The Humane Entrepreneurship Program provides early-stage funding to pioneering innovators in the fields of new plant-based, fermentation-based, and cell-based proteins, next-generation materials that replace animal products, and non-animal testing methodologies. The 6-month virtual program, which will be launched in September 2020, accelerates the growth of social entrepreneurs in India by providing selected participants with a holistic ecosystem of global mentors, expert…
Read MoreGoogle Bans Several Malicious India-linked Domains
More than a dozen malicious India-linked domains and websites that were being used in hack-for-hire attacks targeting users worldwide have now been banned by Google’s Threat Analysis Group (TAG). To alert users to the threat, the company recently published a blog post in which they listed the banned domain links that were used to inject spying tools into users’ PCs/laptops by masquerading as fake login pages for websites or apps. The blog post read, “As part of TAG’s mission to counter serious threats to Google and our users, we’ve published…
Read MoreSportstech startup Hudle raises $1M in funding
Hudle, a sports tech startup based in Delhi, has raised $1 million in a Series A round led by Inflection Point Ventures, with participation from existing investors Survam Partners and Indian Angel Network. Hudle, which debuted in 2018, is a mobile app that allows sports enthusiasts to discover and book sports activities. The startup currently allows users to book a variety of 30+ sports at 700+ venues across the country, as well as All Access Passes, which are sport-specific subscriptions that allow players to play their preferred sport across India…
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