All articles by Shivam Mishra
Shivam Mishra
Microsoft pauses hiring in US consulting unit
In addition, the consulting unit plans to reduce its marketing and nonbillable external resource spending by 35%.
Meta to lay off 5% of workforce amid AI investments
By September 2024, Meta’s workforce stood at approximately 72,000 employees, meaning a 5% cut could impact around 3,600 positions.
EU approves Synopsys $35bn Ansys acquisition under conditions
The deal, announced in January 2024, involves Synopsys acquiring Ansys, but requires divestitures to address competition concerns in specific software markets.
Apple’s $1.8bn class action trial in UK to begin
The case, which was first launched in 2022, accuses Apple of abusing its market position by charging commissions up to 30% on App Store purchases.
Hippocratic AI secures $141m in Series B funding
The venture capital firm Kleiner Perkins-led funding round propels Hippocratic AI’s valuation at $1.64bn.
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Meta faces copyright claims over pirated books
The authors allege that Meta used pirated books with approval from CEO Mark Zuckerberg.
Epirus in talks to secure more than $150m funding
The Venture capital company 8VC-led funding round is anticipated to lower Epirus’ valuation to around $1bn.
Formula E and Google Cloud expand partnership
Google Cloud will now serve as Formula E’s official cloud technology services partner and official cloud security partner.
Micron to invest $7bn in Singapore to meet AI-driven memory chip demand
The US semiconductor company has commenced construction on a new high-bandwidth memory advanced packaging facility.
Honeywell and NXP team up on AI and autonomous flight advances
The companies will work on streamlining the adoption of advanced avionics systems and prolonging the operational lifespan of essential aviation technologies.