ReshaMandi lays off 80% of its workers attributable to funding points, Meta's Actuality Labs is present process restructuring, a US lawsuit in opposition to Adobe over subscription practices, ongoing discussions on GST for on-line video games in India, Google's Gemini app launch in Indian languages and lots of extra. Learn the week's high tech information.
ReshaMandi lays off 80% of workers because it fails to safe funding. ReshaMandi, a Bengaluru-based B2B market specializing in silk yarn merchandise, has laid off 80% of its workforce attributable to its failure to boost Sequence B funding. The corporate has considerably scaled again its operations since final yr . From 500 workers in January 2023 to round 100 by the tip of the yr, the corporate has fallen sharply. And within the course of, 300 workers are nonetheless ready for his or her dues and remaining salaries. Learn extra about what led to this example at ReshaMandi.
Meta restructures Actuality Lab, lays off small workforce Fb father or mother Meta is restructuring its Actuality Labs division, which is able to now be cut up into two teams – Metaverse and Wearables. Restructuring comes with pink slips for some. Nonetheless, the precise quantity shouldn’t be but recognized. Actuality Labs' Metaverse unit will concentrate on Oculus headsets, whereas the Wearables unit will work on different wearables, together with Ray-Ban good glasses. Learn extra in regards to the restructuring at Meta.
US DoJ Sues Adobe The US authorities has filed a lawsuit in opposition to Adobe, accusing the software program firm of defrauding customers, hiding early termination charges and making it troublesome for purchasers to cancel their subscriptions. The Division of Justice (DOJ) claims Adobe's practices harmed customers and violated federal legal guidelines meant to guard them. Learn extra to seek out out what the grievance says.
Wait continues for on-line playing trade Union Finance Minister Nirmala Sitharaman chaired the 53rd GST Council assembly the place a number of selections had been taken on bettering commerce, simplifying tax compliance and offering reduction to taxpayers. Whereas on-line playing firms had been anticipating a revision of the 28% Items and Providers Tax (GST) charge relevant to their trade and on-line casinos, the FM clarified that the subject was not raised through the assembly. Learn extra to know what Finance Minister Nirmala Sitharaman needed to say on the matter.
Google brings Gemini app to India in 9 regional languages Google has launched Gemini app in India which now helps 9 Indian languages together with English. The app goals to make the AI assistant extra accessible to customers within the nation. Gemini now helps Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Tamil, Telugu and Urdu. Customers can write, converse or add a picture to obtain AI help on the go. Learn extra to seek out out what all Geminis can do.
Apple pauses for brand new AI options in Europe Apple clients in Europe might have to attend somewhat longer for some cool iPhone tips. The tech big introduced on Friday that it’ll finish the rollout of three new options, together with Apple Intelligence, within the EU this yr. Why? It's all due to DMA. Learn extra to seek out out what Apple and the EU must say on the matter.
Netflix Launches Its Personal Line of Popcorn Netflix has introduced that it’s promoting its personal line of popcorn, the “Netflix Now Popping” popcorn. They're obtainable in two flavors that sound like they're straight out of a film — “Cult Basic Cheddar Kettle Corn” (for cheese lovers) and “Swoonworthy Cinnamon Kettle Corn” (for these with a candy tooth). Learn extra to learn how a lot they price and the place to purchase them.
Apple shuts down Pay LaterApple has confirmed that it’s shutting down its Purchase now, pay later, Apple Pay Later service, and can as an alternative introduce a brand new international installment mortgage provide later this yr. This new characteristic will permit customers to entry installment loans by credit score and debit playing cards, in addition to lenders, when utilizing Apple Pay. Learn extra to seek out out what went flawed with Apple Pay Later.
Motorola Edge 50 Extremely Launches in IndiaMotorola has launched the Edge 50 Extremely in India. The telephone has a 6.7-inch 1.5K 144Hz pOLED, Snapdragon 8s Gen three and a 50MP triple digicam setup. The Motorola Edge 50 Extremely is priced at Rs. 59,999. Learn extra to study all in regards to the Edge 50 Extremely.
Realme Launches GT6 in IndiaRealme has launched the second telephone in its GT6 sequence in India particularly the GT6. The telephone comes with a 6.78-inch LTPO AMOLED 1.5K 8T, Snapdragon 8s Gen three and three 50MP cameras. The Realme GT6 is priced at Rs 40,999 and above. Learn extra in regards to the new Realme telephone.
ReshaMandi lays off 80% of workers because it fails to safe funding. ReshaMandi, a Bengaluru-based B2B market specializing in silk yarn merchandise, has laid off 80% of its workforce attributable to its failure to boost Sequence B funding. The corporate has considerably scaled again its operations since final yr . From 500 workers in January 2023 to round 100 by the tip of the yr, the corporate has fallen sharply. And within the course of, 300 workers are nonetheless ready for his or her dues and remaining salaries. Learn extra about what led to this example at ReshaMandi.
Meta restructures Actuality Lab, lays off small workforce Fb father or mother Meta is restructuring its Actuality Labs division, which is able to now be cut up into two teams – Metaverse and Wearables. Restructuring comes with pink slips for some. Nonetheless, the precise quantity shouldn’t be but recognized. Actuality Labs' Metaverse unit will concentrate on Oculus headsets, whereas the Wearables unit will work on different wearables, together with Ray-Ban good glasses. Learn extra in regards to the restructuring at Meta.
US DoJ Sues Adobe The US authorities has filed a lawsuit in opposition to Adobe, accusing the software program firm of defrauding customers, hiding early termination charges and making it troublesome for purchasers to cancel their subscriptions. The Division of Justice (DOJ) claims Adobe's practices harmed customers and violated federal legal guidelines meant to guard them. Learn extra to seek out out what the grievance says.
Wait continues for on-line playing trade Union Finance Minister Nirmala Sitharaman chaired the 53rd GST Council assembly the place a number of selections had been taken on bettering commerce, simplifying tax compliance and offering reduction to taxpayers. Whereas on-line playing firms had been anticipating a revision of the 28% Items and Providers Tax (GST) charge relevant to their trade and on-line casinos, the FM clarified that the subject was not raised through the assembly. Learn extra to know what Finance Minister Nirmala Sitharaman needed to say on the matter.
Google brings Gemini app to India in 9 regional languages Google has launched Gemini app in India which now helps 9 Indian languages together with English. The app goals to make the AI assistant extra accessible to customers within the nation. Gemini now helps Hindi, Bengali, Gujarati, Kannada, Malayalam, Marathi, Tamil, Telugu and Urdu. Customers can write, converse or add a picture to obtain AI help on the go. Learn extra to seek out out what all Geminis can do.
Apple pauses for brand new AI options in Europe Apple clients in Europe might have to attend somewhat longer for some cool iPhone tips. The tech big introduced on Friday that it’ll finish the rollout of three new options, together with Apple Intelligence, within the EU this yr. Why? It's all due to DMA. Learn extra to seek out out what Apple and the EU must say on the matter.
Netflix Launches Its Personal Line of Popcorn Netflix has introduced that it’s promoting its personal line of popcorn, the “Netflix Now Popping” popcorn. They're obtainable in two flavors that sound like they're straight out of a film — “Cult Basic Cheddar Kettle Corn” (for cheese lovers) and “Swoonworthy Cinnamon Kettle Corn” (for these with a candy tooth). Learn extra to learn how a lot they price and the place to purchase them.
Apple shuts down Pay LaterApple has confirmed that it’s shutting down its Purchase now, pay later, Apple Pay Later service, and can as an alternative introduce a brand new international installment mortgage provide later this yr. This new characteristic will permit customers to entry installment loans by credit score and debit playing cards, in addition to lenders, when utilizing Apple Pay. Learn extra to seek out out what went flawed with Apple Pay Later.
Motorola Edge 50 Extremely Launches in IndiaMotorola has launched the Edge 50 Extremely in India. The telephone has a 6.7-inch 1.5K 144Hz pOLED, Snapdragon 8s Gen three and a 50MP triple digicam setup. The Motorola Edge 50 Extremely is priced at Rs. 59,999. Learn extra to study all in regards to the Edge 50 Extremely.
Realme Launches GT6 in IndiaRealme has launched the second telephone in its GT6 sequence in India particularly the GT6. The telephone comes with a 6.78-inch LTPO AMOLED 1.5K 8T, Snapdragon 8s Gen three and three 50MP cameras. The Realme GT6 is priced at Rs 40,999 and above. Learn extra in regards to the new Realme telephone.