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NEW DELHI: Finance and corporate affairs minister Nirmala Sitharaman on Monday introduced fresh amendments to the Companies Act, which seeks to decriminalise several procedural defaults, provide flexibility in buyback of shares and recognise new instruments for executive compensation.The bill, which has been referred to a joint Parliamentary committee for examination, provides for allowing restricted stock…
Walmart’s partnership with Sam Altman-led OpenAI to enable shopping through ChatGPT has not delivered strong results so far. According to a report by Wired, the feature that allows users to buy products directly within the chatbot, has seen lower sales compared to traditional online shopping methods. As per the report, Walmart made around 200,000 products…
NEW DELHI: Sadanand Date assumed charge as executive director at Sebi on March 4 to head the investigations department. Date is a 2007-batch IPS officer. Prior to joining Sebi, he was on central deputation to CBI, where he served in several key roles, including SP in the anti-corruption branch. Source link
Amazon India has introduced a sweeping reduction in seller fees, calling it a ‘structural fee change’ designed to boost small businesses and across the country. The ecommerce major has announced zero referral fees on over 12.5 crore products priced under Rs 1,000 expanding coverage more than tenfold from 1.2 crore items last year. The new…
Anthropic’s AI, Claude Code, now generates nearly all internal code, prompting questions about its 100+ open engineering roles. Executives clarify human engineers are crucial for prompting, customer interaction, and strategic decisions. This shift elevates engineers to focus on system design and product direction, with AI handling repetitive coding tasks. The trend signifies a significant evolution…
AI companies like ChatGPT-maker OpenAI and Elon Musk’s xAI are racing to hire the best engineers and researchers. In the past, reports have suggested that these companies have offered high-paying packages as well as other incentives such as stock options to lure them. But it seems that the latest battleground for hiring the world’s top…
Elon Musk targeted Anthropic philosopher Amanda Askell on X, questioning her AI ethics role due to her lack of children. Askell responded, emphasizing her care for humanity’s future, while Musk’s criticism of Anthropic’s AI ethics took a more personal turn, highlighting a broader debate on defining AI morality. Elon Musk went after Anthropic philosopher Amanda…
Anthropic’s Safeguards Research Team head Mrinank Sharma has resigned. Mrinank shared a long resignation note on X, formerly Twitter. In the note, Mrinank said that today (February 9) is his last day. “Today is my last day at Anthropic. I resigned. Here is the letter I shared with my colleagues, explaining my decision,” wrote Mrinank…
For the first time, a top Meta executive has spoken candidly about the recent round of layoffs in the division which inspired the company’s name change. As reported by Bloomberg, Meta chief technology officer Andrew Bosworth addressed the issue during a Q&A on his Instagram story, responding to concerns about the future of Quest and…
Meta executive Dilmer Valecillos assures the public that the tech giant is not abandoning virtual reality, despite recent layoffs and a strategic pivot towards AI-powered wearables. While Reality Labs saw significant cuts and studios shuttered, Valecillos is now focused on VR programs, signaling continued commitment to the technology’s future. A Meta executive broke his silence…
