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Techโs new normal: Microcuts over growth at all costs
Livemint
ยท
1y ago
Medial
Tech companies like Amazon, Google, Microsoft, and Meta Platforms are making small-scale job cuts to focus on efficiency and maximizing resources, despite their businesses and stock prices rebounding. This marks a shift in the industry's approach, with a greater emphasis on shareholder value and healthy margins. These companies are reallocating resources to areas such as AI projects rather than hiring new employees. The use of AI in decision-making processes, including hiring, is also increasing. The tech industry is transitioning to a new normal of doing more with less.
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Techโs future is in the cloud
Economic Times
ยท
6m ago
Medial
Executives from AWS emphasize the importance of offering diverse generative AI models to cater to varied enterprise needs, optimizing speed, accuracy, and costs. This choice expands AWS's user base, enabling further cost reductions due to scale economies. AWS supports over 1,000 GenAI use cases, highlighting the cloud's role in innovation, scalability, and risk mitigation. The company boosts its offerings with regional centers in India and a $1 billion global startup credit program, emphasizing security and customer-centricity.
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India mints only five unicorns so far; investors say 2021-style boom unlikely to return - The Economic Times
Economic Times
ยท
15d ago
Medial
In 2025, India produced only five new unicorns, marking a significant slowdown compared to the 45 unicorns created in 2021. This decline is attributed to macroeconomic uncertainty and a shift in investor priorities towards profitability and sustainable unit economics, as opposed to the previous "growth-at-all-costs" mindset. While 2021 saw a surge in unicorn creation due to pandemic-driven digital adoption, the current environment shows more cautious investing, valuing sustainable growth over inflated valuations.
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Used car startups seek new routes as revenue tanks
Economic Times
ยท
1y ago
Medial
New-age used-car platforms such as Cars24, CarDekho, and CarTrade Tech have shifted their focus towards revenue generation from ancillary sources like auto financing, insurance, and classifieds. These companies are looking to improve their unit economics by controlling expenses and introducing value-added services. While the venture-backed companies initially focused on growth-at-all-costs, they are now tweaking their business models to sustain profitability. The slowdown in growth has led to a shift towards enhancing operational efficiencies and exploring new business verticals.
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Big Techโs Latest Obsession Is Finding Enough Energy
Livemint
ยท
1y ago
Medial
The energy industry's flagship conference, CERAWeek by S&P Global, had a prominent focus on artificial intelligence (AI) this year. The conference highlighted AI's heavy power demands, with concerns that the exponential growth of data centers required to advance AI could strain the power grid and hinder the transition to cleaner energy sources. The issue at hand is how to meet the massive power requirements of AI while ensuring a move towards clean energy. Utilities may need to rely more heavily on natural gas, coal, and nuclear plants, potentially hindering efforts to reduce carbon emissions.
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Ola Electricโs Shares Double Since Listing On Bourses
Inc42
ยท
11m ago
Medial
Ola Electric's stock has shown significant growth, rising over 100% in just seven trading sessions, reaching a new all-time high share price of INR 157.53. However, the shares later experienced a slight dip and were trading at INR 135.93.
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Grab weighs takeover of rival GoTo at $7 billion valuation
Economic Times
ยท
5m ago
Medial
Grab Holdings Ltd. is considering acquiring rival GoTo Group, valuing it at over $7 billion in an all-stock deal, aiming to reduce costs and competitive pressures in Southeast Asia's internet market. This potential merger could result in significant cost savings and increased profitability by integrating operations and streamlining financial services. However, past merger discussions faced challenges due to antitrust concerns and disagreements. The companies' growth has slowed amidst economic challenges, influencing current merger talks.
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Rivian takes the wraps off $45,000 R2 SUV, its biggest bet yet
TechCrunch
ยท
1y ago
Medial
Rivian has unveiled its latest all-electric SUV, the R2, at an event in Laguna Beach. The R2 has a range of over 300 miles and a starting price of $45,000. Rivian also revealed two more electric vehicles under the next-generation R3 platform, along with production updates and accessories that cater to an active lifestyle. The R2 will be produced at Rivian's Normal, Illinois factory instead of the planned factory in Georgia, saving the company $2.25 billion. The move will allow for earlier production of the R2 and expansion of the total capacity at the site.
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Are vanity metrics hiding the real picture?
Inshorts
ยท
2m ago
Medial
GMV looks great on pitch decks, but LTV, CAC, retention, and contribution margin reveal the real story. E-commerce isn't about growth at all costs anymore. Sustainable brands optimise what they spend to keep a customer and what that customer gives back. Quality of revenue now beats quantity.
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Sops, tier-2 cities top focus in techโs Karnataka GCC Policy wishlist
Economic Times
ยท
1y ago
Medial
Karnataka is developing a policy to boost Global Capability Centers (GCC) and attract more Fortune 500 companies to set up their technology centers in the state. Industry leaders have suggested that the policy should include investment in infrastructure growth in tier 2 cities, provide local incentives based on employment creation, and establish single window approval cells. Karnataka plans to collaborate with Nasscom and consult with the industry before finalizing the policy. Currently, Bengaluru is home to over 25% of GCCs in India and accounts for the majority of GCC talent.
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Inflation expected to average 4.5% this fiscal year: CRISIL
YourStory
ยท
1y ago
Medial
Leading ratings and economic research firm CRISIL predicts that inflation will average around 4.5% for the current financial year. This projection is based on the assumption of a normal monsoon. Food inflation is expected to decrease, while non-food inflation may rise slightly. The Consumer Price Index (CPI) inflation rate declined marginally to 4.75% in May, down from April's 4.8%. The report highlights concerns over persistent increases in food categories, particularly cereals and pulses. Despite this, rural demand is expected to catch up with urban consumption due to expectations of an above-normal monsoon, while tighter credit conditions may impact the urban economy. Growth in goods exports could also be constrained by slower global growth. As a result, GDP growth is anticipated to slow to 6.8% in the current fiscal year compared to the previous year's 8.2%.
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