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News on Medial
Intel says it's bringing back free office coffee to boost morale after a rough year
Business Insider
·
9m ago
Medial
Intel is reinstating free beverages for its employees at worksites as part of an effort to improve morale. The perk had been cut in September as part of cost-cutting measures, but the company has decided to bring back the complimentary coffee and tea. However, free fruits will not be restocked. Intel has faced setbacks in recent years, including missing out on opportunities in the mobile chip and artificial intelligence markets. The company has implemented cost-cutting strategies, including cutting employee benefits and announcing layoffs.
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World's most powerful rocket Starship ready to launch: Musk
Independent UK
·
1y ago
Medial
Elon Musk, the billionaire, has announced that the Starship, the most potent rocket globally, is poised for launch, pending approval from the US aviation regulator, the FAA. This towering rocket, standing at 121 meters, has the capability to generate 5,000 metric tonnes of thrust. It will play a crucial role in NASA's Artemis mission, aimed at bringing astronauts back to the Moon. It's worth noting that the rocket's prior flight resulted in an explosion approximately four minutes after liftoff.
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Intel says dozens of PC makers are using its new AI-enabled chip
Economic Times
·
1y ago
Medial
Intel has announced that dozens of PC makers are using its new AI-enabled chip. The chip, called the 12th Gen Intel Core, integrates AI accelerators and promises improved performance for a range of tasks including gaming, content creation, and office productivity. The chip is part of Intel's Alder Lake platform, which is designed to deliver a hybrid architecture combining high-performance and high-efficiency cores. The company expects to see the new chip in laptops and desktops starting this holiday season.
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The silent rise of veterans at Wipro's top decks
Livemint
·
7m ago
Medial
Wipro, India's fourth largest technology services firm, has seen several top-level changes since CEO Srinivas Pallia took over in April. The company has been promoting internal candidates to leadership roles, with six out of eight top-level changes coming from within. These internal promotions are seen as a way to boost morale within the company and have a higher chance of success. Wipro is currently focused on efforts to revive its fortunes after experiencing a decline in revenue.
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Inside Twitter's first-ever company retreat: Jack Dorsey's parents posed for selfies, Elon Musk was a no-show, and employees meditated with the billionaire founder
Business Insider
·
1y ago
Medial
The article describes Twitter's first-ever company retreat, where CEO Jack Dorsey led a meditation session and shared his personal lifestyle practices, including starting the day with a special "wake-me-up" cocktail. The event aimed to boost morale and unity among employees after challenges faced by the company. Dorsey's parents also participated, becoming celebrities within the company. However, a planned appearance by Elon Musk didn't materialize. The retreat seemed to have a positive impact, with increased enthusiasm, collaboration, and retention reported amongst employees.
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Trump renegotiating Biden-era Chips Act grants, Lutnick says
Economic Times
·
2m ago
Medial
President Trump's administration is renegotiating Biden-era semiconductor grants to ensure better deals for American taxpayers, with some awards potentially being axed. The CHIPS Act aimed to boost U.S. semiconductor manufacturing by granting billions to firms like TSMC, Samsung, Intel, and Micron. Renegotiations have seen firms, such as TSMC, significantly increase their investment pledges. The administration also seeks to maintain over 50% of global AI computing capacity within the U.S. to protect technological interests.
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Dropbox CEO says employees appreciate remote work more than cushy office perks: 'they value flexibility a lot more than snacks'
Business Insider
·
1y ago
Medial
Dropbox CEO, Drew Houston, believes that companies pushing employees back to the office are making a mistake. He views his employees as customers and wants to give them what they want, which is flexibility. Dropbox implemented a "virtual first" model in 2020 and is now 90% remote. Houston argues that going back to the office is like returning to movie theaters or malls - the world has moved on. He also states that flexibility wasn't an option in the past, and companies need to adapt to the changing needs and preferences of their employees.
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Report says Paytm asked fired staff to return bonuses, firm denies
Hindustan Times
·
1y ago
Medial
Paytm denied reports saying it's asking fired employees to pay back their joining and retention bonuses, which the startup retrieves if an employee quits within 18 months of joining. Reports also claimed that Paytm asked fired employees to "voluntarily resign" without any prior notice. Some employees reportedly said Paytm's HR team warned them of repercussions for failing to resign voluntarily.
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Sweet Karam Coffee raises $8 Mn led by Peak XV
Entrackr
·
4m ago
Medial
Sweet Karam Coffee Raises $8 Mn Led by Peak XV Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised $8 million in its Series A round led by Peak XV Partners, with existing investor Fireside Ventures also increasing its stake. The funding comes almost two years after Sweet Karam Coffee raised $1.5 million from Fireside Ventures. The proceeds will be used to expand its distribution, launch new products, and improve its supply chain with tech. Founded in 2015, SKC is known for its authentic sweets, snacks, and filter coffee, which is made without palm oil, preservatives, or maida. It also sells condiments and ghee. The startup sells its products via its website, e-commerce marketplaces, and quick commerce platforms, serving customers across 32 countries. SKC claims to have grown 4X in revenue over the past 12 months and is projected to grow another 2.5X in the next 12 months. SKC announced the appointment of Nandhitha Indermohan (ex-Unilever) as Chief Operating Officer to boost execution.
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BharatPe Vs Ashneer Grover: Ex-MD Seeks RBI Probe Into The Fintech Unicorn’s Shareholding
Inc42
·
1y ago
Medial
Former BharatPe MD and co-founder, Ashneer Grover, has written a letter to the Reserve Bank of India (RBI) requesting an investigation into the shareholding of the fintech unicorn. Grover has accused BharatPe of deliberately "defrauding" the RBI by bringing back Bhavik Koladiya to the company's cap table after securing licences. Grover has demanded that all of BharatPe's licenses be revoked if the company is found guilty, and he also calls for penalties and blacklisting of the venture firms associated with the startup. Additionally, Grover alleges that BharatPe co-founder Shashvat Nakrani transferred shares to Koladiya for free. BharatPe has raised over $650 million in funding from investors such as Peak XV Partners, Ribbit Capital, and Steadview Capital.
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Entrepreneur leaves B'luru for Pune after 14 yrs, says 'Never felt like an outsider'
Inshorts
·
8m ago
Medial
An entrepreneur named Ujjawal Asthana's post about leaving Bengaluru after 14 years and moving to Pune is being shared widely on X. "I am not a local but there (Bengaluru) wasn't a day when I felt like an outsider," he wrote. "People who call Bengaluru "meh" need to live beyond the weather, coffee, beer and startups," he added.
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