Category Archives: Tech

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Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’

Posted on October 18, 2024 by Techme101

Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to … Continue reading →

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The surprising way OpenAI could reportedly get out of its pact with Microsoft

Posted on October 18, 2024 by Techme101

The New York Times on Thursday published a look at the “fraying” relationship between OpenAI and its investor, partner, and, increasingly, rival, Microsoft, reporting their five-year romance has cooled owing to financial pressure on OpenAI, the amount of computing power … Continue reading →

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Former watch trader is now building the AWS of grid storage, Terralyr

Posted on October 18, 2024 by Techme101

The startup’s technology is a twist on the virtual power plant concept, in which batteries are aggregated and portions of the whole are sold off to various customers. © 2024 TechCrunch. All rights reserved. For personal use only.

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Intel seeks billions for minority stake in Altera business, sources say

Posted on October 18, 2024 by Techme101

This move that would represent a sharp about face from its earlier public messaging about the larger company’s prospects.

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Amazon indicates employees can quit if they don’t like its return-to-office mandate

Posted on October 18, 2024 by Techme101

AWS CEO Matt Garman has harsh words for remote workers: return to the office or quit. The Amazon executive recently told employees who don’t like the new five-day in-person work policy that, “there are other companies around,” presumably companies they … Continue reading →

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Amazon cloud boss says employees unhappy with 5-day office mandate can leave

Posted on October 18, 2024 by Techme101

Amazon’s cloud boss on Thursday told employees who are unhappy with the company’s new five-day in-office mandate they can leave for other companies.

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Intel says it has no plans to divest majority stake in Mobileye 

Posted on October 18, 2024 by Techme101

Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after … Continue reading →

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Meta fires staff for buying toothpaste, not lunch

Posted on October 18, 2024 by Techme101

Meta workers reportedly used vouchers that should have been spent on meals to buy household goods.

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Netflix hikes prices in some countries as growth fades

Posted on October 18, 2024 by Techme101

Netflix announces some price hikes, as growth from password sharing crackdown starts to fade.

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Automattic offered employees another chance to quit — this time with nine months’ severance

Posted on October 18, 2024 by Techme101

Days after 159 people accepted Automattic CEO Matt Mullenweg’s offer of a six-month severance package to employees who wanted to leave, the company floated a new offer late on October 16 of a nine-month severance package to anybody who quit … Continue reading →

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