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General Motors (GM) is laying off about 1,000 software employees worldwide to concentrate on more important projects, such as enhancing its Super Cruise driver assistance system, improving its infotainment platform, and exploring artificial intelligence (AI). According to GM spokesperson Stuart Fowle, the layoffs arenโt about saving money or employee performance but are aimed at helping the company stay competitive in the growing market of software-defined vehicles.
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๐จ๐ฆ-๐ฏ๐ฎ๐๐ฒ๐ฑ ๐ฉ๐ถ๐๐๐ฒ๐ผ๐ป ๐ถ๐ป๐ฎ๐๐ด๐๐ฟ๐ฎ๐๐ฒ๐ ๐ป๐ฒ๐ ๐๐ผ๐น๐ธ๐ฎ๐๐ฎ ๐๐๐. Visteon Corporation, a global leader in automotive cockpit electronics & connected car solutions based out of the US, has inaugurated its new Global Capability Centr
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Top News of the Day: 1. Chennai-based workflow automation software provider, Kissflow, has laid off around 11% of its employees as part of a company-wide restructuring. 2. Unacademy has promoted Sumit Jain, Co-founder and CEO of Graphy, to a partne
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Top News Of the Day: 1. Venture capital firm Prath Ventures has raised Rs 120 crore marking the second close of its INR 225 Crore round, led by SIDBI Funds and others. 2. Dermatology startup Cureskin raises Rs. 160 Cr ($20Mn) led by Healthquad 3. O
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Top news of the day: 1. TraqCheck, an enterprise software company specializing in AI-driven background check solutions, has successfully raised Pre-Series A funding, valuing the company at over $14 million. 2. MedVital, a medtech startup focused on
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Top News of the Day: 1. Hissa has launched Hissa Fund I, a $35 million SEBI-registered Category II Alternative Investment Fund, to provide liquidity for Indian ESOP markets. 2. Cornerstone Ventures, a venture capital firm focused on the SaaS secto
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Top News of the Week: 1. Funding: - On a weekly basis, startup funding barely increased 3.9% to $402.34 million as compared to around $387.23 million raised during the previous week. - 17 Indian startups raised around $402.34 million in funding th
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Medialย โขย 1y
Top News of the Day: 1. Windows 0-day was exploited by North Korea to install advanced rootkit 2. Peer-to-peer lending platforms in India are concerned about the provisions introduced by the Reserve Bank of India (RBI), stating that they might not
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