All cooperation between Meta and Mercor has been put on hold indefinitely. It follows confirmation of a security compromise by the $10 billion AI data contracting startup, which may have exposed confidential training data belonging to some of the world's most renowned AI labs. A media report states
After signing a revised agreement with OpenAI, the parent company of ChatGPT, in 2025, the tech giant is venturing into new research areas in the hopes of bringing its AI models up to speed with competitors. In 2019, Microsoft made a foresightful investment in OpenAI, which was accompanied by an
On April 3, Aditya Kumar, CFO of the publicly traded fintech SaaS business Zaggle, resigned from his position with immediate effect. Kumar stated that he was leaving due to personal matters. He became a part of the organisation in 2022 as VP of finance and was promoted to CFO that
Reliance Jio has been ordered by the country's telecom regulator to end some rate practices that it deemed "discriminatory" and in breach of transparency standards. The corporation has until April 14 to meet two important deadlines set by the Telecom Regulatory Authority of India (Trai). First,
The B2B e-commerce platform Udaan is increasing its focus on the hospitality, food service, and catering industries. Therefore, in an effort to simplify procurement for food-service enterprises, it is expanding its HoReCa-focused vertical, horeca360, to Hyderabad. The brand is currently operating in Bengaluru, the platform will also be available in
On April 3, the tech giant Microsoft announced a 1.6 trillion yen ($10 billion) investment over the next four years in Japan to support its expansion throughout Asia. The investment will help the corporation develop its AI infrastructure in the region where demand has been growing at an exponential
One of Flipkart's most lucrative businesses, Myntra, is undergoing a critical leadership transition as chief executive Nandita Sinha prepares to step aside in upcoming weeks. Her potential successor is Sharon Pais, who is presently the head of Flipkart Fashion. Sinha has been with the Flipkart group, which is
The online tech chat program TBPN, which regularly features CEOs from various industries and has a dedicated Silicon Valley audience, was acquired by OpenAI on 2 April. Technology Business Programming Network (TBPN), founded in 2024 by businessmen John Coogan and Jordi Hays, is said to be one of the most
After six years of developing GenAI solutions for the fashion e-commerce market, NeuroPixel.AI, an AI business based in Bengaluru, has wound down its activities. The company's cofounder and chief executive officer, Arvind Venugopal Nair, announced the decision in a LinkedIn post. Nair explained that decision to wind
The industry has pushed back against the deadline for compliance with SIM-binding rules, but the Centre has apparently extended it to December 31. In response to industry representatives' requests, the government has postponed the implementation deadline of the SIM-binding rule until December 31. By December 2025, the regulations put
IKEA has automated routine customer service duties with the help of artificial intelligence. A new source of income of more than €1 billion (INR 9,000 crore) has emerged as a result of staff promotions to higher-paying positions inside the organisation. A lot of people are worried that AI will
In spite of the ongoing disruption caused by AI to global labour structures, Deloitte intends to recruit 50,000 individuals in India. Fears of job losses have arisen in response to the widespread adoption of AI. The hiring drive, as explained by South Asia COO Nitin Kini, indicates a shift
Starlink, which is run by Elon Musk, and the government of Meghalaya have both signed a memorandum of understanding (MoU). Under the terms of the deal, Starlink will be able to test out satcom services in outlying parts of the state. In order to roll out the satellite broadband service
The marketing department of Sonos Inc. lost some employees on April 1st. According to Colleen DeCourcy, the new chief marketing officer, the division has become too dispersed to move quickly enough to meet the demands of this brand. The makeover is an effort to repair the fundamental structure, not modify
The first in-terminal rapid commerce service in India was introduced at Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai by Adani Airport Holdings Limited (AAHL) in collaboration with Blinkit. Terminal 2, domestic departures, is now offering the service, which integrates app-based delivery straight into the airport. Through the Blinkit app,
A new set of regulations to improve and simplify the country's online commerce exports has been operationalised by the Central Board of Indirect Taxes and Customs (CBIC). The government has lifted the limit of INR 10 lakh per shipment on courier exports under the new regulations. It has
The administrative departments of Karnataka were rocked this week by a phoney government memo that seemed to order the firing of thousands of outsourced workers. Since then, the Karnataka finance department—which answers to Chief Minister Siddaramaiah—has lodged a police complaint. The complaint stated that clearly the paper in
Oracle has slashed jobs across all markets, threatening to fire off as many as 30,000 workers worldwide. Nonetheless, news accounts indicate that thousands of jobs have already been cut in India. Roughly 12,000 people have lost their jobs in India, and more layoffs are on the horizon in
All levels of employment at Unilever have been placed on hold for a minimum of three months. The decision was made in response to the growing number of problems that the conflict in West Asia is causing for businesses. In preparation for the economic consequences of the continuing confrontation with
Government advisories on platforms like Meta, Google, and X might become legally compulsory according to India's planned tougher IT regulations. The government notice seeking public opinion outlines the action, which might result in the loss of safe harbour protections if directions issued by the IT ministry are not
Epic Games said last week that it would be laying off over a thousand workers in an effort to remain financially stable. Mike Prinke, a programmer who has over seven years of experience at the Fortnite creator, was one of those impacted. Jenni Griffin, Prinke's wife, posted a
In a strategic investment round spearheaded by Alpha Wave Global and current supporter Carlyle, Bharti Airtel's data centre affiliate Nxtra is acquiring $1 billion (around INR 9,400 crore). Alpha Wave and Carlyle have each committed $435 million (INR 4,107 crore) and $240 million (INR 2,266
The Electronics Component Manufacturing Scheme (ECMS) has seen 29 more proposals approved by the Ministry of Information Technology (MeitY). Investments of INR 7,104 Cr, 14,246 direct jobs, and an anticipated production pipeline worth INR 84,515 Cr are all part of the revised proposals. With this, MeitY has
Bajaj Finserv is gearing up to establish an AI-centric private equity fund. According to the business, these investments have the potential to become one of the biggest alternative investment funds in India devoted to artificial intelligence. Meanwhile, Bajaj Finserv will use its own funds to put money into AI firms