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With this budget, Nirmala Sitharaman would tie the record set by former PM Morarji Desai
GG News Bureau
New Delhi, 27th Jan. On February 1, Finance Minister Nirmala Sitharaman will tie the record set by former Prime Minister Morarji Desai by presenting her sixth straight budget.
Since July 2019, Sitharaman—India's first…
Tesla share dips $73 billion in market value
Anjali Sharma
GG News Bureau
NEW YORK, 27th Jan. Tesla shares on Friday plunged to 11 per cent after the market opened, wiped $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an…
SAP cloud software restructure plan to affect 8,000 jobs
Anjali Sharma
GG News Bureau
NEW YORK, 26th Jan. Cloud software major SAP on Thursday has announced that a company-wide restructuring programme in 2024 that will affect 8,000 jobs, according to a statement issued by the company.
The…
Microsoft turns $3 Trillion company, after Apple
Anjali Sharma
GG News Bureau
NEW YORK, 26th Jan. The Verge reported on Thursday that Microsoft, under the CEO Satya Nadella, has acquired several AI companies and invested over $10 billion into OpenAI.
Miicrosoft has reached the coveted $3…
Tesla projects EV sales growth ‘lower’ in 2024
Anjali Sharma
GG News Bureau
NEW YORK, 26th Jan. Tesla on Thursday said that the electric car company registered a record delivery of 1.8 million EVs in 2023.
It has reported $7.9 billion in net income and $25.2 billion in revenue during…
Google ends Australian data firm contract helps train Bard AI
Anjali Sharma
GG News Bureau
NEW YORK, 25th Jan. Appen said on Wednesday in an Australian exchange filing that it had no prior knowledge of Google’s decision to terminate the contract.
Google has terminated its contract with Australian data…
Microsoft works on smaller, cheaper GenAI models
Anjali Sharma
GG News Bureau
NEW YORK, 25th Jan. Microsoft on Wednesday reported that it is working on cheaper, smaller artificial intelligence (AI) models to tap more opportunities in the AI market.
The Information reported the new…
Byju seeks new funds $2B valuation
Anjali Sharma
GG News Bureau
NEW YORK, 25th Jan. Edtech major Byju’s ion Wednesday has been seeking new funds 2 billion valuation, down from its top valuation of $22 billion in early 2022.
The TechCrunch reported that the company announced…
France fined Amazon $35M over ‘excessive’ employee surveillance
Anjali Sharma
GG News Bureau
NEW YORK, 25th Jan. France National Commission on Informatics and Liberty on Wednesday has fined Amazon 32 million euros ($35 million), stated that the system for monitoring employee activity and performance at…
eBay lays off 1,000 FT employees, unspecified contractors
Anjali Sharma
GG News Bureau
NEW YORK, 25th Jan. The commerce platform eBay on Wednesday has announced that it is laying off 1,000 employees, or 9 per cent of its full-time workforce, and the company will lay off an unspecified number of…