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AI push is forcing rationalisation in other parts of business: Accel's Arun Mathew

Economic Times

Economic Times · 1y ago

AI push is forcing rationalisation in other parts of business: Accel's Arun Mathew

Arun Mathew, a partner at venture capital fund Accel, discusses the state of the tech investing world, challenges faced by technology firms, and the potential for IPOs in the tech startup sector. He highlights the resilience of cybersecurity companies during the pandemic and the need for rationalization in other areas due to the push towards AI. Mathew also expresses confidence in finding new investment opportunities and addresses the challenges and valuations in growth investing. He mentions that several companies in Accel's portfolio are preparing to go public and emphasizes the potential of the Indian SaaS ecosystem for building global firms.

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Injunction against California law on children's online safety narrowed

Economic Times

Economic Times · 1y ago

Injunction against California law on children's online safety narrowed

A federal appeals court has partially lifted an injunction that prevented California from implementing an internet protection law for children, while also acknowledging that certain parts of the law might infringe upon the First Amendment. The court ruled in favor of NetChoice, a trade group representing companies like Amazon, Google, and Facebook, that the California Age-Appropriate Design Code Act violated free speech rights by forcing businesses to evaluate and mitigate potential risks children might face online. However, the court also found that the judge failed to adequately consider NetChoice's other objections, allowing the rest of the preliminary injunction to be set aside.

CARS24 to Slash 120 More Jobs Amid Major Restructuring Drive

StartupTalky

StartupTalky · 3m ago

CARS24 to Slash 120 More Jobs Amid Major Restructuring Drive

CARS24 is undergoing a major restructuring, laying off an additional 120 employees from its non-core verticals after let going of 200 last month. The company is closing or scaling down these sectors, including its business-to-business automotive parts platform, Inspare, affecting 80 jobs. Affected employees are receiving severance packages and being encouraged to seek other roles. The startup, valued at $3.2 billion, is focusing on strengthening its core operations amid financial challenges.

Refex Mobility appoints former Blusmart executive Anirudh Arun as CEO - The Economic Times

Economic Times

Economic Times · 14d ago

Refex Mobility appoints former Blusmart executive Anirudh Arun as CEO - The Economic Times

Refex Mobility has appointed Anirudh Arun, formerly of BluSmart, as CEO. Arun, along with other key executives, previously exited BluSmart amid its debt issues. Refex Mobility has also named Ankit Grover as CBO. Earlier, Refex Industries terminated a deal to acquire EVs from Gensol Engineering. Additionally, Refex increased its stake in its subsidiary Venwind Refex Power Limited to 75.50%, converting a portion of a loan into equity shares.

Qualcomm has explored acquiring pieces of Intel chip design business

Economic Times

Economic Times · 11m ago

Qualcomm has explored acquiring pieces of Intel chip design business

Qualcomm is considering acquiring parts of Intel's design business as Intel seeks to shed assets and business units. While Qualcomm is reportedly interested in Intel's client PC design business, it is not keen on acquiring other segments such as the server segment. However, Qualcomm has not approached Intel about a potential acquisition, and plans could change. Intel, which reported disappointing second-quarter results, is exploring options to trim its operations, potentially including a sale of its Altera unit. The two companies have declined to comment on the matter.

EV industry must learn to do with subsidies: Exponent Energy CEO

Economic Times

Economic Times · 1y ago

EV industry must learn to do with subsidies: Exponent Energy CEO

Electric mobility ecosystem should not rely solely on government subsidies like the Faster Adoption and Manufacturing of Electric Vehicles (FAME) program, according to Arun Vinayak, CEO of Exponent Energy. Vinayak suggests moving towards performance-based incentives and production-linked incentives, rather than easy subsidies. The Indian government has recently transitioned from FAME subsidies to the Electric Mobility Promotion Scheme (EMPS). Exponent Energy, founded by former Ather Energy executives, has developed fast-charging technology that can fully charge a vehicle in 15 minutes. Vinayak also emphasized the importance of interoperability in charging infrastructure and the need for safety standards, without forcing standardization that hinders innovation.

TCS rejigs top deck, Elizabeth Mathew named head of LeaD

Economic Times

Economic Times · 1y ago

TCS rejigs top deck, Elizabeth Mathew named head of LeaD

TCS has made changes to its top management team, appointing Elizabeth Mathew as the Head of Lead. This comes as TCS aims to strengthen its leadership and drive growth in the technology sector. Mathew will be responsible for leading the company's efforts in key areas such as strategic customer relationships, market development, and global delivery. The move is part of TCS' strategy to adapt to changing market dynamics and enhance its competitive position.

BluSmart CEO and top executives resign amid business revamp

Inshorts · 5m ago

BluSmart CEO and top executives resign amid business revamp

BluSmart Mobility's CEO Anirudh Arun, Chief Business Officer Tushar Garg, and Chief Technology Officer Rishabh Sood have resigned. The resignation of Vice President Priya Chakravarthy remains unconfirmed. Nandan Sharma has been appointed as the new CEO. Meanwhile, parent company Gensol Engineering is selling 2,997 EVs to Refex Green Mobility, which will lease them back and assume ₹315 crore loan.

Intel — the age of the AI PC is here, and it's going to change how you work forever

Techradar

Techradar · 1y ago

Intel — the age of the AI PC is here, and it's going to change how you work forever

The concept of AI PCs, powered by artificial intelligence, is gaining popularity among hardware manufacturers. Intel is at the forefront of this movement with its new vPro platform, designed for next-gen AI-powered devices. The company believes that AI has the potential to transform business productivity, security, and content creation. With Microsoft's push towards AI through initiatives like OpenAI and Copilot, having an AI-ready PC is becoming essential. Intel aims to provide AI experiences to businesses, focusing on productivity, security, manageability, and stability. This transition is crucial as Windows 10 support ends in 2025.

Meta to start labelling AI-generated deepfake images, hopes move will pressure industry to follow suit

Economic Times

Economic Times · 1y ago

Meta to start labelling AI-generated deepfake images, hopes move will pressure industry to follow suit

Global social media giant Meta plans to label deepfake or AI-generated images shared on its platforms, including Facebook, Instagram, and Threads, as 'Imagined with AI.' This move aims to provide users with more transparency and differentiate these images from human-generated content. Meta's president of global affairs, Nick Clegg, hopes that this decision will push other industry players to adopt similar measures. The company is also developing common technical standards with other industry players to identify AI-generated or deepfake content and may introduce invisible watermarks or metadata for detection purposes.

SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push: Report - The Economic Times

Economic Times

Economic Times · 18d ago

SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push: Report - The Economic Times

SoftBank Group is acquiring Foxconn's Ohio electric vehicle plant to launch its $500 billion Stargate data center project with OpenAI and Oracle. This acquisition marks SoftBank's strategic push into AI infrastructure. Foxconn did not immediately comment on the transaction, and SoftBank could not be reached for comment. The intention is to utilize this new facility to advance innovative AI technologies, signaling a significant shift in SoftBank’s business strategy towards embracing AI infrastructure advancements.

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