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Showing posts from February 9, 2023

Tech CEOs Will Pay a Harsh Price for These Job Cuts

It's hard to feel sorry for Silicon Valley tech workers. From high salaries and generous stock options to nap pods and unlimited time off, they're among the most privileged class of employees in the world. Conversely, there's no denying that these pampered staffers engineered a technology revolution that's brought untold economic and social value to the entire planet. Yet there is a category of people who may lament the coldhearted approach to workforce cuts that have torn through the sector over the past few months: The CEOs who fired them. Almost 100,000 positions have been eliminated this year alone, according to Layoffs.fyi, which tracks the data. At some point in the next few years, those job vacancies will return. We're on the cusp of an artificial intelligence boom, network speeds continue to get faster, cars will be driving themselves, and there'll be more data collected and stored than big tech will know what to do with. Recruiters and hiring managers

Sam Bankman-Fried's Ban on Contacting FTX Employees Using Encrypted Messages Gets Extended

A US judge on Thursday extended a ban on FTX cryptocurrency exchange founder Sam Bankman-Fried's ability to contact employees of companies he once controlled and use encrypted messaging technology while out on bail awaiting trial on fraud charges. US District Judge Lewis Kaplan on February 1 had temporarily barred Bankman-Fried from contacting any current or former employees of FTX or Alameda Research, his hedge fund, after prosecutors raised concerns that the 30-year-old former billionaire may be trying to tamper with witnesses. As a condition of his release on $250 million (nearly Rs. 2,060 crore) bond, the judge also prevented Bankman-Fried from using messaging apps such as Signal that let users auto-delete messages. After rejecting an agreement between defense lawyers and prosecutors to loosen those conditions on Tuesday, Kaplan on Thursday said the restrictions would remain in place until February 21 and instructed both sides to explain by February 13 how they could be s

Banned Loan Websites, Apps Given 48 Hours to Prove Their Genuineness: MeitY

The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday.  Another senior official from the ministry said the ban has been imposed on the platforms because their businesses were not genuine. "Why would there be any ban if they were genuine? Action has been taken on them," the ministry official said.  The government last week ordered blocking of 232 apps operated by overseas entities, including Chinese, for being involved in betting, gambling and unauthorised loan services. "They have been given 48 hours under the rule to submit documents. The decision will be taken based on their presentation. It is going on now," another senior official said. The Ministry of Electronics and Information Technology (MeitY) issued blocking orders on Saturday, based on an emergency request issued by a nodal officer of the home ministry, against 138 betting and gambling websites and 94 loan apps that wer

Xiaomi TV Stick 4K with Dolby Vision, Dolby Atmos to Launch in India on February 14

Xiaomi TV Stick 4K, the Chinese electronics company's smart home product, will in India on February 14. The tech giant first released the product in December 2021. It helps transform a regular television into a smart one. The device runs Android TV 11 and supports Dolby Vision technology for improved video playback. The Indian version will include Xiaomi's Patchwall, which the company already uses in its smart TV offerings. The TV Stick 4K is powered by a quad core Cortex A35 chipset. The Xiaomi TV Stick 4K comes with a Mi Voice Remote which has a dedicated Assistant button. It comes pre-loaded with Amazon Prime Video, Netflix, and YouTube, and supports both Dolby Atmos and Dolby Vision. The remote also has shortcut buttons for each of the apps and features a built-in Chromecast. Say hello to a smarter experience with our ??? & ???????? Xiaomi TV Stick 4K. The greatest entertainment experience will now be at your fingertips. Launch on 14.02.2023, 12 Noon! Stay tuned