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News on Medial
Big Tech is eating itself in talent war
Livemint
ยท
23d ago
Medial
The intense competition among tech giants for AI talent involves unconventional strategies, raising concerns about the impact on Silicon Valley's startup ecosystem. Companies are investing heavily, offering significant compensation and enticing expert teams to gain an edge in AI development. While these tactics may advance their short-term AI goals, they risk undermining the very innovation engine that fuels Silicon Valley's growth and creativity, potentially stifling the vibrant startup culture.
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Some of Silicon Valley's biggest names are wading into the battle for AI expertise
Business Insider
ยท
1y ago
Medial
The fight for AI talent among Big Tech companies is becoming increasingly intense. Investors and the rapid growth of AI products have created a high demand for advanced researchers and engineers, resulting in candidates being offered pay packages of up to $1 million. CEOs and founders, including Mark Zuckerberg, Sergey Brin, and Satya Nadella, are personally getting involved in recruitment efforts. However, retaining top AI talent is proving to be just as challenging as recruiting new talent. Startups are also struggling to compete against the resources and salaries offered by Big Tech companies.
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South side story: Can attractive sops turn Chennai into a hub for GCCs?
Economic Times
ยท
1y ago
Medial
Chennai is positioning itself as the new tech city of the South, with multinational companies considering it as a potential location for their tech bases and global capability centres (GCCs). The city offers advantages such as high-quality English-speaking talent, a thriving industrial ecosystem, and government incentives. The German brand Adidas has already set up its first GCC in Asia outside China in Chennai, and other companies like Bank of America, Standard Chartered, and Amex are expanding in the region. Chennai aims to compete with Bengaluru and Hyderabad to attract tech companies and talent.
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Sergey Brin personally called a Google employee to convince them to turn down a job at OpenAI: report
Business Insider
ยท
1y ago
Medial
Google cofounder Sergey Brin reportedly made a personal phone call to convince an employee to stay at the company instead of joining OpenAI. This move is part of the ongoing battle for AI talent among major tech companies, with some even offering high salaries and job offers without interviews. Meta CEO Mark Zuckerberg has been sending personal emails to Google's DeepMind researchers and Meta's stockpile of Nvidia H100 chips is seen as a valuable recruiting and retention tool in the AI talent war.
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Bengaluru climbs to 14th place in Global Startup Ecosystem Report 2025
Economic Times
ยท
2m ago
Medial
Bengaluru has advanced to 14th place in the Global Startup Ecosystem Report 2025, a jump of seven spots, due to factors such as high-value exits, a strong tech talent base, and developments in AI and deep tech. The city is now ranked 5th globally in AI and Big Data ecosystems. The report, highlighting innovation trends and investment flows, reflects Bengaluru's robust support infrastructure and vibrant startup activity, especially in Fintech, Life Sciences, and Cleantech sectors.
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Social media platforms wage war against growing pro-Hamas content
Economic Times
ยท
1y ago
Medial
Governments warn Big Tech companies like Meta, Twitter, and Telegram to improve content moderation algorithms as pro-Hamas accounts flood social media platforms during the Israel-Hamas war. Analysis reveals that 25% of over 162,000 profiles engaged in these conversations were fake, spreading over 312,000 pro-Hamas posts and comments. NewsGuard found that verified accounts on Twitter were responsible for 74% of the most viral posts promoting misinformation about the conflict. The European Commission investigates X (formerly Twitter) for spreading illegal content and hate speech related to the war. X and Meta take actions to remove such content.
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Big Tech's acquihire deals face regulatory scrutiny, outgoing EU antitrust official says - The Economic Times
Economic Times
ยท
1m ago
Medial
The European Union is planning stricter regulations for Big Tech's "acquihire" deals, where tech giants hire talent from startups. These practices are seen as ways to bypass antitrust rules. Outgoing EU antitrust head Olivier Guersent encourages national agencies to investigate such deals. The EU is using call-in provisions for better scrutiny. Acquihires can be seen as mergers, impacting effective competition, prompting the EU to push national regulators for proactive measures.
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PhonePeโs billion-dollar year: A war chest to fight super app wars
Inc42
ยท
1y ago
Medial
PhonePe, the Bengaluru-based fintech giant, is gearing up for a big year in 2024 as it aims to grow sustainably and show profits. The company has secured a significant amount of funding and launched various new products, positioning itself as a strong player in the super app battle. With a focus on lending, insurance, app development, digital commerce, and investment tech, PhonePe is poised for success. As it prepares for a potential IPO, PhonePe's deep pockets and strategic moves indicate that its era is just beginning.
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Can India become an AI powerhouse?
Inshorts
ยท
4m ago
Medial
India's AI ambitions face hurdles, says economist Payal Malik. Despite strong digital talent and data resources, challenges like weak computing infra, low R&D, and over-reliance on Big Tech pose risks. Malik stresses that without bold competition policies and deeper investment in startups, India could fall short of its AI superpower goal-despite initiatives like AIRAWAT.
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A comprehensive list of 2023 & 2024 tech layoffs | TechCrunch
TechCrunch
ยท
1y ago
Medial
The tech industry has seen a significant number of layoffs in 2023 and 2024, with big names like Google, Amazon, and Microsoft among those cutting jobs. Layoffs have also affected smaller companies in the fintech and app sectors. The layoffs are largely a result of market pressures and the need for companies to become more efficient in a challenging market. The impact of these layoffs on innovation and the availability of talent for growing businesses is yet to be determined.
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AI deals between Microsoft and OpenAI, Google and Samsung, in EU crosshairs
Economic Times
ยท
1y ago
Medial
The European Union (EU) may launch an antitrust investigation into Microsoft's collaboration with OpenAI due to concerns over exclusivity clauses, while Google's AI deal with Samsung is also under scrutiny. EU regulators are seeking additional perspectives to understand the potential negative impact on competitors. This highlights worldwide unease about tech giants leveraging their dominance in the AI sector. EU competition chief, Margrethe Vestager, has sent information requests to major tech companies regarding their AI partnerships. Microsoft's partnership with OpenAI will not be subject to EU merger rules, but concerns persist regarding Big Tech blocking smaller AI developers. Google's arrangement with Samsung is also being examined, as are acqui-hires, where one company acquires another primarily for talent.
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