San Francisco-based software company Autodesk has announced the elimination of 250 jobs globally, which represents 2% of its workforce. Despite the layoffs, the company has stressed that it is still in the process of hiring for critical positions. The layoffs were not related to cost-cutting measures or over-hiring and impacted employees will receive support, including […]
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Microsoft is reportedly planning to invest $10 billion in OpenAI, the company behind the popular AI tool ChatGPT. According to a report by Semafor, the investment is part of a funding round that values OpenAI at a staggering $29 billion. The details of the deal are not yet clear, but the term sheets sent to […]
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On Tuesday, Microsoft held a press conference from its headquarters to unveil new AI-enhanced updates to its Bing search engine and Edge browser. Bing is getting a significant upgrade, allowing users to communicate with it to get more in-depth answers to their search inquiries. For instance, you can ask Bing to plan a vacation and […]
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According to a report by Bain & Company, Indian SaaS companies are expected to see 20-25% annual growth and reach $35 billion in annual recurring revenue (ARR) by 2027. The report states that Indian SaaS companies will account for 8% of the global market share in the segment. Indian SaaS companies have seen a four-fold […]
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