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METAVERSE INVESTMENT REDUCTION
US Stock Market: Meta raises $25 billion via bond sale to fund AI expansionMeta Platforms has secured $25 billion in investment-grade bonds to fuel its aggressive expansion in artificial intelligence infrastructure...- Why are Amazon, Intel, Microsoft and 17 others cutting 165,000 jobs now? A massive structural shift is hitting the U.S. corporate workforce in 2026A massive structural shift is hitting the 2026 job market. Amazon, Intel, and Microsoft have joined 17 other giants to cut over 165,000 rol...
- Meta layoffs 2026: CTO Andrew Bosworth confirms job cuts for roughly 10% of employees within the Reality Labs unitMeta Platforms is beginning to cut more than 1,000 jobs from the company’s Reality Labs division, part of a plan to redirect resources from...
- Metaverse in big trouble? Meta, Facebook’s parent company, plans big cuts as Zuckerberg’s vision faces potential failure; here’s what you need to knowMeta, Facebook's parent company, is reportedly planning significant resource cuts for its metaverse division, potentially by 30% in 2026, i...
- Meta to slash Metaverse budget by 30%; potential layoffs loom: ReportThis is in contrast to Meta's CTO and head of Reality Labs, Andrew Bosworth, who, in January, said that 2025 would be one of the most impor...
- After Amazon and Meta, IBM to layoff 2700 people - experts say more tech sackings will happen this yearIBM layoffs 2025: IBM is set to lay off approximately 2,700 employees, a move impacting a low single-digit percentage of its global workfor...
- Industrial metaverse: Tech leaders outline India’s growth map Siemens Innovation Day 2024India is on its way to becoming a global economic force in the coming years.the use of high-end technology, including industrial AI and ind...
- Why does India have the first mover advantage in Web3 technology?While regulatory clarity remains a work in progress, India's embrace of the Financial Intelligence Unit (FIU) registration requirement is a...
- Bitcoin's price could have a positive ripple effect on the broader crypto ecosystem: NFTFNThe recent rally in Bitcoin can potentially boost investor confidence and fuel further exploration and innovation within the broader ecosys...
- OneVerse acquires Spartan Poker; sets aside $120 million for M&A in real-money gamingOneVerse, backed by family offices and its founder’s capital, shall invest in M&A of nearly 13 RMG companies across poker, rummy and fantas...
- Beyond Hyderabad: Holy town Tirupati fast emerging tech hub in AndhraTirupati, Visakhapatnam, and Vijayawada have been listed as emerging technology hubs in India, according to a report by Deloitte India and ...
- These four industries are already transformed by AIArtificial intelligence has transformed several industries, including telecom, BFSI, retail and healthcare. The telecom industry has implem...
- Meta Q2 profit rises 16% to $7.8 billion as ad sales reboundDuring the quarter, Meta’s social media platform Facebook saw a YoY increase of 5% in its daily active users to 2.06 billion, while its mon...
- Wary VCs step up diligence; new-age ecommerce firms get investor attentionAmid the overall decline in venture capital funding, investors are taking more time to scrutinise startup business models before closing de...
- AI, data analytics will disrupt every industry in next 5 years: Tredence CEOTredence focuses on building industry specific AI and data science solutions across retail, consumer goods and hospitality sectors.
- IT firms seek legal help on moonlighting; Reliance shelves JioMarket planSome companies are asking law firms to re-examine contracts in a way that their interests are protected while giving employees some flexibi...
- Video, audio & book apps on Play Store may have to pay only 6% commissionThis follows recent changes, which allows alternatives to its billing systems, announced by the technology giant in select markets. The Pla...
- Private equity inflow in PropTech firms up by 5% to $270 million in H1 2022: ReportWith acceleration in the adoption of technologies in real estate during the COVID-19 pandemic, private equity players’ interest in investin...
- Tech Mahindra's EBIT margin will be over 14% for FY23: CP Gurnani"We do not give a headcount target because that is a forward view and guidance, so we will stay away from it but as we had articulated that...
- Top tech trends to watch out for in 2022Tech has sustained us through the pandemic and continues to redefine and restructure how we work, live and interact. But what does next yea...
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