Latest News, Updates & Breaking Headlines
In 2010, Apple’s market capitalization surpassed Microsoft’s, a significant achievement after its near-bankruptcy in 1997. Steve Jobs, acknowledging the milestone, quoted Walt Disney to emphasize the company’s focus on future innovation. While Apple and Alphabet now trail Nvidia, this 2010 event marked a pivotal shift in tech leadership. On May 26, 2010, Apple crossed a…
MUMBAI: HDFC Bank has terminated three employees, including senior executives, after an internal probe into the alleged mis-selling of Credit Suisse AT-1 bonds to NRI clients at its UAE operations. The action follows regulatory scrutiny and investor complaints. Shares of the bank closed down 2.4%, continuing Thursday’s decline following the sudden resignation of the bank’s…
JPMorgan Chase has reportedly introduced a system to track junior bankers’ self-reported working hours with data captured from internal IT systems. This move by America’s largest bank comes as part of an effort to monitor workload among its junior employees and address their concerns about overwork. The initiative, which JPMorgan plans to expand across its…
The US Attorney’s Office for the Southern District of New York has charged three people associated with AI server maker Super Micro Computer of helping smuggle at least $2.5 billion of American AI technology to China. Found in violation of export laws, the US Justice Department had charged Yih-Shyan Liaw, Ruei-Tsang Chang, and Ting-Wei Sun…
Google has now sent a ‘clear message’ to its employees who are worried about its growing ties to the US Department of Defense. According to a report by Business Insider, Google informed its employees that the company is confident its work aligns with its AI principles and is “leaning more” into national security contracts. At…
Nvidia CEO Jensen Huang send a direct personal message to the company’s employees in Israel amid the ongoing US-Israel war. The CEO of the world’s most-valuable company, Nvidia shared the message during the company’s annual Nvidia GTC in San Jose. Addressing media at the GTC conference, Nvidia CEO reportedly said that the company has 6,000…
Microsoft is merging its consumer and commercial Copilot teams under a single leader, Jacob Andreou, to address a fragmented user experience and lagging adoption. AI chief Mustafa Suleyman will now focus on developing “Superintelligence” and advanced AI models, aiming to reduce reliance on OpenAI and improve cost efficiency. This strategic shift signals a new direction…
Microsoft has reorganized its Copilot leadership structure, appointing a new executive to lead the unified product while freeing up Mustafa Suleyman to focus exclusively on building frontier AI models. Jacob Andreou, a former Snap executive, will become EVP of Copilot, overseeing both consumer and commercial experiences and reporting directly to CEO Satya Nadella. Ryan Roslansky,…
A cooking gas crunch, stemming from the West Asia conflict, has forced major Indian IT firms like Infosys, TCS, and Cognizant to drastically cut canteen services. Employees are now compelled to bring packed lunches, impacting thousands who rely on office cafeterias, especially those in PGs and hostels with limited options. People in corporate sector jobs…
ChatGPT maker OpenAI recently announced that it has delayed the rollout of its proposed “adult mode” feature for the popular chatbot. This reportedly came after the company’s internal advisers and employees raised concerns about user safety, including risks of emotional dependence and access by minors. The decision is said to have followed a January meeting…
