NASA rolled out its largest-ever rocket, Space Launch System (SLS), to a launch pad in Florida on Friday and will try again 10 days from now to blast off on a much-delayed uncrewed mission Artemis I to the Moon. After two launch attempts were scrubbed this summer because of technical problems,…
Twitter has begun laying off employees under its new owner, Elon Musk. The San Francisco-based social media giant is expected to terminate up to 3,700 people — half of its workforce — on Friday, according to internal plans reviewed by Reuters this week. Twitter is already facing a proposed class action claiming the…
Elon Musk, the new Twitter head, has been laying off employees across teams in global offices. The SpaceX CEO has recently sacked the entire Ethical AI team, as confirmed by fired employees in their tweets. The Director of the ML Ethics, Transparency, and Accountability team at Twitter, Rumman Chowdhury, shared…
Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia’s example, according to four sources close to the matter. Europe’s telecoms operators have lobbied for a financial contribution from US tech firms such as Alphabet‘s Google, Meta‘s Facebook and…
Electric vehicle manufacturer Switch Mobility on Friday said its Vice Chairman and CEO Andy Palmer has offered to step down, citing personal reasons and has elevated Mahesh Babu as its new chief executive officer with immediate effect. Palmer has requested the management to let him step down as Vice Chairman…
Samsung India sold mobile phones worth Rs. 14,400 crore between September and October and recorded 99 percent growth in the premium category smartphones in the first three quarters of 2022, a senior company official said on Friday. Samsung India senior director and head of product marketing Aditya Babbar told PTI that…
PayPal Holdings shares dropped nearly 6 percent in morning trade on Friday after the digital payments heavyweight lowered its annual revenue forecast, warning of a bleak holiday quarter as consumers cut back on discretionary spends. Decades-high inflation has hit the purchasing power of consumers who also have to contend with the…
Twitter’s new owner Elon Musk said on Friday that the social media company had seen a “massive” drop in revenue and blamed activist groups pressuring advertisers. Musk, who took control of the firm last week, said the revenue decline came “even though nothing has changed with content moderation and we…
MoneyGram International, the global peer-to-peer payments company, has announced the launch of a new service that allows US-based users of its MoneyGram mobile app to buy, sell, and hold cryptocurrencies. Users can now use the MoneyGram app to access Bitcoin, Ethereum, and Litecoin. The company also indicated that it intends…
Twitter has fired the majority of its over 200 employees in India as part of mass layoffs across the globe ordered by its new owner Elon Musk who is looking to make his $44 billion (nearly Rs. 3,61,600 crore) acquisition work. Sources said the layoffs are across engineering, sales and marketing,…
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