Author: News Desk
Union Finance and Corporate Affairs Minister Nirmala Sitharaman reiterated the government’s commitment to prioritising women entrepreneurs under the flagship Pradhan Mantri Mudra Yojana scheme during a recent event. This scheme, aimed at providing financial assistance, particularly to women, was discussed in the context of the PM SVANidhi Se Samriddhi program, which offers loans to street vendors. The Focus on Women Entrepreneurs: Sitharaman emphasised that women entrepreneurs receive top priority under the Pradhan Mantri Mudra Yojana scheme, designed to empower them through financial support. She highlighted that 60 out of 100 beneficiaries under the scheme are women, reflecting a deliberate effort…
Huddle Global 2023: Nurturing Kerala’s Startup Ecosystem For the past three days, Thiruvananthapuram Adimalathura has been buzzing with entrepreneurial energy as more than 5000 startups, 400 High Net Worth Individuals (HNIs), 300 mentors, and 200 corporates converged for the 5th Huddle Global organized by Kerala Startup Mission. This event has not only showcased the vibrant startup ecosystem in Kerala but has also positioned the state as a fertile ground for innovative ideas and budding enterprises. The Huddle Global event served as a dynamic platform, bringing together a diverse range of startups representing modern fields such as Virtual Reality, Artificial Intelligence,…
Nearly 460,000 domestic travelers took to the skies in India on Saturday as a result of the World Cup final. Comparing this to the low daily numbers throughout the Diwali season, this was the highest total ever recorded. Industry experts blame this on travelers opting for AC classes on premium trains instead of economy due to the high advance charges imposed by airlines before to Diwali. However, airlines later reportedly reduced the fares in response to the audience’s delight. “A historic achievement! Mumbai Airport’s new milestone – a single-runway airport serving a record-breaking 1,61,760 passengers in a single day (on…
In a surprising turn of events, Microsoft CEO Satya Nadella announced on November 20 that former OpenAI CEO Sam Altman and President Greg Brockman, along with colleagues, will be joining Microsoft to spearhead a groundbreaking advanced AI research team. Nadella expressed immense excitement, noting Altman’s appointment as the CEO of this innovative research unit. The move signifies Microsoft’s commitment to fostering independent identities and cultures within its ecosystem, drawing parallels to successful initiatives like GitHub, Mojang Studios, and LinkedIn. OpenAI’s Leadership Shake-Up Raises Eyebrows Over the weekend, the tech industry witnessed a significant upheaval as OpenAI’s board, led by co-founder…
In a surprising turn of events, Elon Musk has urged OpenAI, the leading artificial intelligence company, to disclose the reasons behind the abrupt firing of CEO Sam Altman. The move has sparked intense speculation about the potential dangers of advanced AI and the internal dynamics within the organisation. Elon Musk’s Call for Transparency: Musk, a former OpenAI board member, took to Twitter to express his concerns, emphasising the gravity of the situation. He asserted that given the significant risks associated with advanced AI, the public deserves to know the rationale behind such a drastic decision. OpenAI’s Mysterious Announcement: The announcement…
When OpenAI’s CEO and co-founder, Sam Altman, was abruptly fired by the board last Saturday, something unexpected occurred at the business. They said he wasn’t communicating clearly, but they didn’t specify what he did incorrectly. There was an unsuccessful attempt to entice him back to the organization after his departure. Throughout it all, there was a lot of discussion about Ilya Sutskever, the lone remaining co-founder after Altman and Greg Brockman left the firm, and she is also a member of the board. An India Today report claimed that Sutskever was a major factor in Altman’s dismissal; in fact, it…
OpenAI, the creator of ChatGPT, sacked CEO Sam Altman and removed co-founder Greg Brockman from the board on Friday due to a “quick” Google Meet conversation. But during the weekend, rumours circulated regarding Mr. Altman’s potential return to the company, and on Sunday, he received an invitation to the corporate office. This transpired under 48 hours following Altman’s dismissal by OpenAI’s directors. According to The Information, Altman had been invited to the office by Interim CEO Mira Murati and the leadership team for additional conversations. The story states that Altman and Brockman are being examined for reinstatement, along with three…
Amazon’s Strategic Shift: Job Cuts Hit Alexa Amidst Emphasis on Generative AI Amazon, a tech giant known for its continuous evolution, is undergoing strategic shifts yet again. On November 17, 2023, the company announced job cuts within its Alexa voice assistant unit, signalling a move towards a more focused approach on generative artificial intelligence (AI). This decision follows Amazon’s recent pullback in various divisions, including music, gaming, and human resources. The Numbers: ‘Several Hundred’ Job Cuts in Alexa Amazon is set to trim “several hundred” roles within its Alexa division. The precise impact on the workforce remains undisclosed, but this…
In recent years, the startup ecosystem has witnessed a significant transformation with the emergence of a diverse and dynamic workforce. One of the most notable trends is the remarkable growth in the number of women actively participating in the startup scene. This shift marks a departure from traditional gender norms and highlights the increasing recognition of women’s contributions to innovation and entrepreneurship. In this article, we explore the factors driving this change and the impact of women’s increasing presence in the startup ecosystem. The Changing Landscape Education and Skill Development A key catalyst for the surge in women’s involvement in…
Accenture, Cisco, HCL Tech, Dell, Uber, Flipkart, and other companies in India are making a lot of effort to improve the representation of women in the tech workforce. Some of these companies are reaching out to talent in tier-2 and tier-3 cities; implementing inclusive AI-powered skill-based hiring practices to help reduce unconscious biases in hiring; providing mentorship and career development initiatives; setting up caregiving support structures; and offering returnship programs, according to an ET report. According to the most current Global Gender Gap Report 2023 published by the World Economic Forum, women make up 27% of India’s STEM workforce as of 2023, compared to…