Morning Tidings

Tag: companies

  • Elon Musk To Sue Non-Profit Organisation Media Matters As Apple, Disney and Other Companies Pause Ads on X

    Elon Musk To Sue Non-Profit Organisation Media Matters As Apple, Disney and Other Companies Pause Ads on X

    San Francisco, November 18: Elon Musk on Saturday said X will file a “thermonuclear lawsuit” against non-profit organisation Media Matters and those who “colluded in this fraudulent attack on our company,” as big advertisers like Apple, Disney, Warner Bros, IBM and others reportedly paused advertising on the platform for allegedly promote antisemitism.

    Media Matters in its report had claimed that as Musk continues his descent into white nationalist and antisemitic conspiracy theories, his social media platform has been placing ads for major brands like Apple, Bravo (NBCUniversal), IBM, Oracle, and Xfinity (Comcast) next to content that supports Adolf Hitler and his Nazi Party. Apple, Disney, Warner Bros and Other Major Firms Pull Ads From X After Elon Musk’s Antisemitic Posts.

    The report led to tech and media majors like Apple, IBM, Disney, Warner Bros, Discovery, Paramount and Comcast/NBCUniversal reportedly pulling or halting their advertisements, along with Lionsgate and European Commission, on X. The billionaire X owner posted: “The split second court opens on Monday, X Corp will be filing a thermonuclear lawsuit against Media Matters and ALL those who colluded in this fraudulent attack on our company.”

    “Their board, their donors, their network of dark money, all of them,” he added. Musk also posted a letter, defending his company and slamming Media Matters report and legacy media organisation. Elon Musk’s X Now Showing ‘Clickbait’ Ads That Users Can’t Block or Report.

    “Despite our clear and consistent position, X has seen a number of attacks from activist groups like Media Matters and legacy media outlets who seek to undermine freedom of expression on our platform because they perceive it as a threat to their ideological narrative and those of their financial supporters,” the letter read.

    The letter alleged that these groups try to use their influence to attack “our revenue streams by deceiving advertisers on X”. “To manipulate the public and advertisers, Media Matters created an alternate account and curated the posts and advertising appearing on the account’s timeline to misinform advertisers about the placement of their posts,” the letter argued.

    Earlier on Saturday, Musk posted: “Media Matters is pure evil.” X CEO Linda Yaccarino said that their point of view has always been very clear that discrimination by everyone should stop across the board.

    “When it comes to this platform — X has also been extremely clear about our efforts to combat antisemitism and discrimination. There’s no place for it anywhere in the world — it’s ugly and wrong. Full stop,” she posted.

    (The above story first appeared on Morning Tidings on Nov 18, 2023 03:38 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • What Is Coffee Badging? Know About Newest Workplace Trend Among Employees as Companies Ask Them to Return to Office

    What Is Coffee Badging? Know About Newest Workplace Trend Among Employees as Companies Ask Them to Return to Office

    Since last year, phrases like ‘quiet quitting’, ‘rage applying’, and ‘great resignation’ have become popular, capturing the fury and annoyance of some workers who were unable to maintain a work-life balance due to the Covid-19 outbreak. Many workers are getting more smarter and creative with their time in the workplace as employers ask them to return. According to a Forbes report, this has resulted in the rise of the “coffee badging” craze.

    As per the expression ‘coffee badging’, employees arrive at work, get a coffee, mingle with colleagues, and depart with a symbolic ‘badge’ for their presence. The process specifically capitalises on the idea of showing up for work, going out for coffee with coworkers, and swiping your ID badge to prove that you have been there. Employees immediately leave the office after this and go home. This is ultimately seen as opposition to the most recent mandates about returning to work. What Is Rage Applying? After Moonlighting and Quiet Quitting, New Practice Being Adopted by Dissatisfied Employees, Know All About the Latest Workplace Trend.

    Owl Labs, a company that develops 360-degree video conferencing technologies, said in its 2023 State of Hybrid Work report that “the yearly return-to-office power struggle that happens each autumn has arrived yet again.” Employers like Zoom, Meta, Salesforce, JP Morgan, and others are requesting—and in some cases, even compelling—their employees to return to work.

    The Owl poll indicates that there are several reasons why workers are declining to return to their jobs. Individuals prefer not to squander time and cash on recurrent visits to the office, but many businesses still “have work to do” in order to establish a warm, productive, and stress-free workplace that makes workers want to stay on staff. What Is Bare Minimum Monday? Australian Boss Introduces New Concept for Employees to Beat the Monday Blues, Here’s What It Means.

    However, as it highlights a lousy part of workplace culture, this practice may potentially have dire consequences. Workers would believe that coming to work is a chore that has to be avoided. Colleague resentment might arise if they see one another abusing the rules governing hybrid work. This could be problematic for people who work in the office all day. Coffee badging may also shorten team meetings and undermine efforts to foster a positive work atmosphere.

    (The above story first appeared on Morning Tidings on Nov 17, 2023 01:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Layoffs: Nearly 1,106 Tech Firms and Startups Companies Sacked About 2.5 Lakh Employees So Far in 2023

    Layoffs: Nearly 1,106 Tech Firms and Startups Companies Sacked About 2.5 Lakh Employees So Far in 2023

    New Delhi, November 11: Nearly 2.5 lakh employees have been laid off so far this year in the global technology and startup sector, as the tech layoffs continue unabated for the past two years. Nearly 1,106 tech companies have sacked 248,974 employees (till November 11), according to data compiled by the website Layoffs.fyi. Last year, 1,024 tech companies laid off a total of 154,336 employees. Citing the global macroeconomic conditions, Big Tech firms and startups across the spectrum have fired employees.

    On average, about 555 employees lost their jobs every day in the last two years – or 23 workers every hour. In January alone, 89,554 employees were laid off. In terms of sector, retail tech and consumer tech were the ones which laid off the most employees in this year. As 2023 is not over yet, more layoffs are set to happen in the remaining period. Several tech and gaming companies laid off employee this month. SiFive Layoffs: Semiconductor Design Company SiFive Lays Off More Than 100 Employees, Over 20% of WorkForce

    French video game company Ubisoft, which published popular franchises like Assassin’s Creed and Far Cry, has laid off about 124 employees as part of a corporate restructuring and reorganisation effort. Game development software company Unity has announced that it will “likely” go for layoffs as part of cost-saving measures. Snap, the parent company of Snapchat, has laid off nearly 20 employees who held product management titles as part of a restructuring aimed at streamlining the social messaging company. Layoffs Continue in IT Sector: Tech Companies Lay Off 226,000 Employees to Date, 40% More Than in 2022, Says Report

    US-based F5, a global leader in multi-cloud application security and delivery, reportedly laid off 120 employees this month. Global communications company Viasat is laying off 800 employees, about 10 per cent of its workforce, and the impact will spread across the business in terms of geographies and divisions. US-based cybersecurity company Splunk has announced to lay off about 7 per cent of its global workforce, just months ahead of its acquisition by global networking giant Cisco.

    (The above story first appeared on Morning Tidings on Nov 11, 2023 02:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • AI Talent in Demand: Top Companies Posting Jobs Around ChatGPT-4; Microsoft, Citigroup Among Leading Firms Looking for Talented Workers in Artificial Intelligence

    AI Talent in Demand: Top Companies Posting Jobs Around ChatGPT-4; Microsoft, Citigroup Among Leading Firms Looking for Talented Workers in Artificial Intelligence

    New Delhi, November 10: Companies across sectors are posting jobs around GPT-4 and some of the notable firms looking for talented workers in AI are Microsoft, Citigroup, Merck & Co, Thomson Reuters Corp, and The Travelers Companies, a report showed on Friday. Large language model (LLM) is a rapidly growing field, and the demand for skilled professionals with expertise in deep learning, machine learning, natural language processing (NLP), and related technologies is on the rise.

    As more companies adopt chatbots and other LLM AI technologies to improve customer service and operational efficiency, the need for talented individuals to develop, maintain, and operate these systems is also increasing, according to GlobalData, a leading data and analytics company. Against this backdrop, companies across sectors are posting jobs related to GPT-4, an AI model by OpenAI, the developer of ChatGPT. Layoffs: Gaming Company Unity Announces Likely Job Cuts To Reduce Costs.

    “GPT-4 has been generating buzz online ever since its launch. Recently OpenAI launched GPT-4 Turbo. Microsoft is partnering with OpenAI to introduce the next generation of language and multi-modal models using generative language like GPT-4 and ChatGPT,” said Sherla Sriprada, Business Fundamentals Analyst at GlobalData.

    Microsoft’s “Skype Senior Software Engineer” role looks at working on AI integrations into Skype, such as Bing Chat, a conversational agent powered by GPT-4 that can chat with users on various topics, and news filtering, a feature that uses AI to personalise and curate relevant news articles for users based on their interests and preferences.

    Citigroup’s “Generative AI Full Stack Engineering Lead – Codified Controls” role looks at driving and contributing to the technical direction of products and services, instilling engineering best practices into the team, and promoting cultural change across the organisation. The role also works with Generative AI technologies, such as GPT-4, embedding capabilities through prompt engineering in systems, said the report. Ai Pin by Humane Runs on Voice Commands and Hand Motions, Check More Details Including Price of New Wearable AI-Powered Smartphone Alternative.

    Merck & Co’s “AI/ML Engineer” role looks at exploring and applying latest large language models GPT-3, GPT-3.5, GPT-4, Lama, Bert, etc to help in assessing AI technologies, building prototypes for divisions, and delivering enterprise AI projects to maximise the value. “The Travelers Companies’s ‘Senior Data Engineer (Generative AI, Cloud, AWS, Python, Snowflake) role looks at designing complex data solutions, including incorporating new data sources and ensuring designs are consistent across projects and aligned to data strategies,” the report mentioned.

    (The above story first appeared on Morning Tidings on Nov 10, 2023 04:39 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • iPhone 16 To Be Made in India: Apple Along With Three Associated Companies Apply for Land to Yamuna Authority

    iPhone 16 To Be Made in India: Apple Along With Three Associated Companies Apply for Land to Yamuna Authority

    New Delhi, Dec 21: As Apple plans to manufacture the new iPhone 16 in India, the tech giant along with three associated companies has applied for land to Yamuna Authority.

    The companies have proposed to set up a unit on about 23 acres of land with an investment of Rs 2,800 crore. Apple Expands Self-Repair Programme to Its M1-Powered Mac Desktop Lineup in US.

    In a meeting held in Korea, Apple along with the associated companies proposed the investment.

    Seiko Advance Limited, an ink manufacturing company expressed its desire to make its product on 5 acres of land in Sector 29 of Yamuna Expressway Industrial Development Authority (YEIDA).

    The company will invest Rs 850 crore and provide employment to thousands of people. Apple iPhone SE 4 2024 Launch Might Get Postposed or Cancelled; Know All Details Here.

    YEIDA CEO Dr. Arun Vir Singh said that Apple and associated companies would be provided land in Sector 29, which is quite developed with many available facilities.

    He added that the companies would be able to start production after the construction and have deposited 10 per cent of the amount.

  • Google, Facebook, Other Social Media Companies Have Responsibility for User Content, Biden Administration Tells Supreme Court

    Google, Facebook, Other Social Media Companies Have Responsibility for User Content, Biden Administration Tells Supreme Court

    Biden Administration told Supreme Court that the social media giants like Google, Facebook, Twitter could have responsibility for user content in some instances. US Department of Justice’s lawyers were making the argument in the Supreme Court in the case related to the death of 23-year-old Nohemi Gonzalez, who was killed in an attack by Islamist militants in 2015. The terrorists opened fire at a cafe in Paris where she was eating. The lawsuit was filed by the family of Nohemi Gonzalez, who argued that YouTube is partially responsible for the death of Gonzalez as it promotes videos related to the Islamist militants to some users through its algorithms. Also Read | Mumbai Police Activate ‘Social Media Lab’ To Keep Check on Posts Inciting Communal Tensions in Maharashtra.

    Social Media Companies Have Responsibility for User Content: Biden Administration Tells Supreme Court

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  • Apple CEO Tim Cook Ignores Questions on Protests Affecting iPhone Manufacturing Companies in China

    Apple CEO Tim Cook Ignores Questions on Protests Affecting iPhone Manufacturing Companies in China

    Washington, Dec 2: Apple CEO Tim Cook has ignored questions on violent protests in China which have hampered iPhone production at its key suppliers’ factories in the country.

    Fox Business asked Cook several questions as he arrived on Capitol Hill in Washington, DC, to meet lawmakers late on Thursday. Elon Musk Meets Apple CEO Tim Cook; Says ‘Misunderstanding’ About Twitter Being Removed From App Store ‘Resolved’ (Video).

    Cook refused to comment on whether he supported the Chinese people’s right to protest and his thoughts on the factory workers beaten by authorities.

    The Apple CEO also remained silent on whether he stood by his company’s business dealings with the Chinese Communist Party.

    Cook was in Washington to meet with Republican leaders this week, as the House Judiciary Committee will look into antitrust issues related to the App Store.

    The AirDrop feature allows users to share content between Apple devices. The tool was used widely during Hong Kong’s 2019 pro-democracy protests.

    Earlier this month, an update to Apple iOS included an additional AirDrop feature applying only to iPhones sold in mainland China. Chinese Vice Premier Sun Chunlan Calls for Optimizing COVID-19 Response After Nationwide Anti-Lockdown Protests.

    Under the update, iPhones can now only set their AirDrop to receive messages from “everyone” for 10 minutes before switching off.

    The other settings allow for file-sharing between “contacts only” or “receiving off.”

    Amid Covid-related protests in China, Apple is facing growing iPhone shortages.

    According to reports, the company has seen $165 billion in market value erosion since last week on concerns of weak holiday sales.

    Apple’s iPhone 14 Pro models’ shipments may reportedly drop by 20 million in the fourth quarter (Q4).

    According to Apple analyst Ming-Chi Kuo, the shipments of iPhone 14 Pro and iPhone 14 Pro Max models will be between 15 million and 20 million units lower than expected.

    Last week, workers at Apple’s largest supplier Foxconn’s factory in China clashed with the security forces and company officials amid protests over late bonus payments during Covid lockdowns.

    (The above story first appeared on Morning Tidings on Dec 02, 2022 11:28 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Bengaluru-Based Tech Companies Raised Record .5 Billion in First Three Quarters in 2022: Report

    Bengaluru-Based Tech Companies Raised Record $7.5 Billion in First Three Quarters in 2022: Report

    Bengaluru, November 23: Bengaluru-based tech companies raised record levels in the first three quarters of this year with $7.5 billion in VC funding — up from $5.2 billion in 2021, a report showed on Wednesday.

    Bengaluru and London feature among the top 10 cities globally for most amount of VC investment over the last five years, according to the report from London & Partners in partnership with Dealroom.  Layoffs Season: Why Meta, Twitter, Amazon, Other Tech Companies Laying Off Employees All At Once and Why Experts Believe the Worst Is Yet To Come.

    The two major funding rounds for Bengaluru-based companies this year include Swiggy’s $700 million round in January and $55.7 million Series D for Ather Energy. In fact, Bengaluru is now attracting more investments than other global hubs such as Singapore, Paris and Berlin, the report mentioned.

    “In the last few years, London and Bengaluru have created an increasing number of exciting immersive tech companies. This research proves that these cities are not only the top hubs in their regions for immersive companies but are also competitive on the global stage,” said Hemin Bharucha, Country Director at London & Partners. Twitter Layoffs: Koo Offers To Hire Employees Terminated by Elon Musk.

    Bengaluru and London are also two of the world’s leading hubs for VC investment into immersive tech startups, where Bengaluru ranked fourth in the world with $510 million raised in 2022, followed by London at fifth place

    For the Indian companies that are looking to grow their operation in Europe, “London’s strengths in the creative industries and gaming provides the expertise and talent needed to scale successfully”, Bharucha added.

    In Europe, London is the leading hub for VC investment into immersive tech start-ups. The report highlights Europe as the fastest growing regions for immersive tech innovation, with startups having raised a record $1.4 billion in 2022 to date.

    Fuelled by the growth of AR, VR and Metaverse technologies, the report showed that immersive tech funding is bucking the trend for global start-up investment in 2022.

    (The above story first appeared on Morning Tidings on Nov 23, 2022 03:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Hive Ransomware Actors Extort Over 0 Million From 1,300 Companies, Warns US Government

    Hive Ransomware Actors Extort Over $100 Million From 1,300 Companies, Warns US Government

    San Francisco, November 19: The US government has warned about an ongoing ransomware activity that has victimised over 1,300 companies worldwide, receiving approximately $100 million in ransom payments.

    The Hive ransomware actors follow the ransomware-as-a-service (RaaS) model in which developers create, maintain, and update the malware, and affiliates conduct the ransomware attacks. Ransomware Attack in India: Small Businesses at Highest Risk of Cyberattack in the Country, Says Report.

    “From June 2021 through at least November 2022, threat actors have used Hive ransomware to target a wide range of businesses and critical infrastructure sectors, including government facilities, communications, critical manufacturing, information technology, and healthcare,” read the joint advisory by the FBI, the US Cybersecurity and Infrastructure Security Agency, and the Department of Health and Human Services.

    The Hive actors have bypassed multi-factor authentication (MFA) and gained access to aFortiOS’ servers by exploiting common vulnerabilities and exposures (CVE) CVE-2020-12812. Cyber Attack: Spike in Ransomware Threat to More Than 1.2 Million Per Month Between January-June, Says Report.

    “This vulnerability enables a malicious cyber actor to log in without a prompt for the user’s second authentication factor (FortiToken) when the actor changes the case of the username,” according to the joint advisory. Hive also attacked power generation company Tata Power in October. The Mumbai-based company had said that the attack impacted some of its IT systems.

    Microsoft’s Threat Intelligence Center (MSTIC) researchers have warned that Hive upgraded its malware, enabling it to use a more complex encryption method for its ransomware as a service payload.

    “Hive actors negotiate ransom demands in US dollars, with initial amounts ranging from several thousand to millions of dollars. Hive actors demand payment in Bitcoin,” according to the US advisory.

    (The above story first appeared on Morning Tidings on Nov 19, 2022 01:05 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • UpGrad To Hire Over 1,400 People by March 2023 Amid Mass Layoffs by Tech Companies

    UpGrad To Hire Over 1,400 People by March 2023 Amid Mass Layoffs by Tech Companies

    Mumbai, Nov 16: Edtech major upGrad on Wednesday announced that it plans to hire over 1,400 team members by March 2023 to continue its growth and expansion plans to impact learners in India and globally.

    According to an official report, the company has made offers to hire people across India and global offices between November 2022 and March 2023. Ronnie Screwvala, Co-Founder upGrad, Says ‘No Funding Winter for Startups With Real Business Models’.

    “We are expanding to house the larger teams that we are bringing on board. Also, while our focus is on strong online delivery models, we encourage our current and prospective learners to meet us in person while they decide on the right program for themselves,” Mayank Kumar, Co-founder & MD, upGrad, said in a statement.

    The majority of the 1,400 members will be hired as Faculty, Trainers, and Experts, followed by sales and marketing, content, delivery, and learning experience.

    The focus of the hires will be on their high growth areas, which include Study Abroad, 10 Global Campuses, Job enabled and ready programmes that upGrad launched in India and the US in the last 90 days, as well as at its ATLAS SkillTech University in Mumbai. Upgrad to Hire 3,000 People in 3 Months, Close to Securing Fresh Funding.

    To date, ‘One upGrad’ has impacted 8.2 million learners in soft skills, test prep, college-linked programmes, credential-linked programmes, placements, job changes, and career advancement.

    Also, upGrad has signed new leases for 3,35,000 square feet in the last few months to be used for office space, offline campuses, learner housing, studios, and training rooms for a growing roster of teachers and faculty.

    (The above story first appeared on Morning Tidings on Nov 16, 2022 02:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).