New Delhi, May 31 (IANS) Sridhar Vembu, founder and chief scientist of Zoho Corporation, has cautioned that soaring valuations of some of the world’s largest technology companies, fuelled by investor enthusiasm around artificial intelligence (AI), exhibit characteristics of a market bubble that could eclipse the dot-com era.In a post on social media platform X, Vembu highlighted the price-to-sales ratios of major technology firms, arguing that current market valuations appear increasingly detach…
Latest Meta Platforms News & Updates
New Delhi, May 25 (IANS) US-based technology firm Microsoft has begun scaling back access to Anthropic’s Claude Code among its employees and is redirecting engineers towards GitHub Copilot CLI as surging AI usage drives up enterprise computing costs, according to multiple reports.Reports said the technology company had earlier expanded access to Claude Code across thousands of employees, including developers, project managers and designers, to encourage experimentation with AI-assisted coding …
New Delhi, May 20 (IANS) Meta Platforms on Wednesday began laying off nearly 8,000 employees as part of a sweeping restructuring exercise aimed at accelerating its shift toward artificial intelligence (AI), according to multiple reports.The Facebook-parent company started sending layoff notifications in phased waves, with the cuts and role transfers expected to affect around 10 per cent of its global workforce.Reports claimed that an internal document highlighted Meta’s plan to move nearly 7,0…
New Delhi, April 24 (IANS) Tech giants Meta Platforms and Microsoft may cut thousands of jobs and offer voluntary buyouts, as the technology firms step up efforts to streamline operations amid heavy investments in artificial intelligence (AI), according to multiple reports.Meta reportedly told employees in an internal memo that it plans to cut about 10 per cent of its workforce or roughly 8,000 jobs, starting May 20.The Mark Zuckerberg-backed firm has also decided not to fill around 6,000 open p…
New Delhi, April 20 (IANS) Technology companies with successful artificial intelligence (AI) initiatives invest up to four times more in core capabilities such as data quality, governance, AI-ready talent and change management, even as only 39 per cent of technology leaders are confident of seeing positive financial returns from their AI investments, a report said on Monday.According to a report by Gartner, higher investments in foundational areas play a critical role in driving AI success acros…
New Delhi, April 19 (IANS) Global technology firms accelerated job cuts in the first quarter of 2026, with over 73,200 layoffs by 95 companies, according to industry data.The data from Layoffs.fyi showed that the past two weeks saw a fresh surge in headcount reductions. Snap Inc., The Walt Disney Company, Meta Platforms and Oracle Corporation, announced layoffs recently as firms streamline operations to cut costs and shift resources toward artificial intelligence.Social media platform Snap Inc. …
New Delhi, March 25 (IANS) The National Human Rights Commission (NHRC) has taken cognisance of alleged violations of the Digital Personal Data Protection (DPDP) Act, particularly regarding the absence of mechanisms to track children’s data transfers and inadequate grievance redressal systems across major digital platforms. A bench led by NHRC member Priyank Kanoongo initiated action following a complaint based on a report by think tank ASIA.The Commission has issued notices to key government b…
New Delhi, March 19 (IANS) London-headquartered investment bank HSBC is considering significant job cuts over the coming years as Chief Executive Officer Georges Elhedery looks to deploy artificial intelligence (AI) to streamline operations, particularly in middle and back-office functions, according to reports.According to a Bloomberg report, non-client-facing roles in global service centres are expected to be among the most impacted, although discussions remain at an early stage. The potential…
New Delhi, March 14 (IANS) US tech giant Meta Platforms is reportedly considering another large round of layoffs as it seeks greater operational efficiency with more spending on artificial intelligence (AI) infrastructure.A Reuters report, citing people familiar with the matter, said that internal discussions have considered cuts of up to 20 per cent or more of Meta’s workforce, or 16,000 employees based on the company’s headcount of nearly 79,000 at the end of December.While Meta’s spokespe…
New Delhi, Feb 25 (IANS) Reliance Industries Limited on Wednesday announced a major change in the ownership structure of its step-down subsidiary, Reliance Enterprise Intelligence Limited (REIL), after completing a large share allotment worth Rs 853.20 crore.The development comes after REIL issued 85,31,75,000 equity shares with a face value of Rs 10 each at par.The total transaction value stands at Rs 853.20 crore and marks a strategic partnership between Reliance and global tech giant Meta Pla…