Meesho, an Indian e-commerce company, has laid off 251 employees, or 15% of its workforce, as part of its efforts to achieve profitability. The company’s founder and CEO, Vidit Aatrey, announced the decision in an email to employees, stating that affected employees would receive one month extra severance pay beyond their notice period as well
Technology
Broadcom’s CEO, Hock Tan, will make a case to EU antitrust regulators today in Brussels for the approval of the company’s proposed $61 billion bid for cloud computing company VMware. The deal has come under scrutiny on both sides of the Atlantic. The Hearing Tan and his team, including lawyers and executives, arrived in Brussels
FTX, a cryptocurrency exchange that filed for Chapter 11 bankruptcy in November, has been granted permission by a US bankruptcy court to sell its non-bankrupt crypto derivatives trading platform, LedgerX, for $50 million. The sale will enable FTX to raise additional funds to repay its creditors, including $11 billion owed to customers. FTX Seeks Repayment
Meta Platforms, the parent company of Facebook and Instagram, has hired a team of engineers formerly employed by British chip unicorn, Graphcore. The Oslo-based team had been working on artificial intelligence (AI) networking technology at Graphcore until December 2022 or January 2023 before joining Meta in February or March of this year. Improved Data Center
Geoffrey Hinton, known as one of the “godfathers of AI,” recently left Alphabet after a decade at the firm. He believes that artificial intelligence (AI) could be a more pressing threat to humanity than climate change. Hinton’s work is critical to the development of contemporary AI systems. AI Posing a Threat Hinton is among a
VLC, the widely used open-source cross-platform multimedia player, has recently launched an updated version of its iPhone app. This latest version brings in several new features such as a redesigned user interface (UI), support for Apple CarPlay and more options to sort the media library. New Features The updated version of the VLC app is
Pebble has launched its latest smartwatch, the Pebble Cosmos Bold Pro, in India. The luxury smartwatch collection features a metallic body with a 1.39-inch IPS HD display, 500 nits brightness, and 2.5D curved glass. It also comes with a changeable metallic strap and is available in four colour variants. Features The Pebble Cosmos Bold Pro
Meta Platforms has become the first mega-cap technology company to enter the US investment-grade bond market, looking to raise $7 billion in a five-part deal. The offering will be the social media giant’s second bond issue, following last year’s $10 billion offering. Meta Platforms will use the funds to finance capital expenditures, repurchase outstanding shares
A new survey from online security firm McAfee reveals that almost half of Indian adults have either experienced or know someone who has experienced an artificial intelligence (AI) voice scam. This is almost double the global average of 25%. The survey of 7,054 people across seven countries, including India, found that 47% of Indian adults
Telegram has released an update for Android and iOS devices that includes several new features and improvements. The app now has shareable chat folders that users can share with their friends and colleagues by sending them a link to join the groups and channels. Additionally, Telegram has added custom wallpapers, UI improvements, and bots to