Startups have also resorted to shutting down non-core verticals, rationalising marketing and advertising spends and have gone on a hiring freeze, as they enter a bleak period, after a blockbuster funding party that lasted for nearly two years
There exists a vast middle ground of overlooked young tech companies that are definitely not winners but are not losers, either
The Nobel Laureate has become a fierce critic of the tech industry’s largest companies, saying that they stifle the flow of new ideas. He has also championed new US state taxes on the digital ads sold by companies like Facebook and Google.
Government investigators looking into how Google pays its employees have accused the tech giant of shortchanging women doing similar work to men.
As artificial intelligence gains currency, leaders at top technology companies including Microsoft and IBM today said there is a need to create "new collar jobs" as innovations would replace some jobs and existing employees would need to be re-trained.
In Silicon Valley, top administration officials held a closed-door meeting with Apple CEO Tim Cook and senior executives from Google, Facebook, Yahoo and other tech firms. While the session was described by tech company representatives as cordial, no specific agreement or other outcome was announced.
As per the report, India has nearly 51 million such businesses, of which 12 million have a high degree of technology influence and are looking to adopt newer IT products.
Target Corp said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest US retailer grow its online commerce business.
Sangeeta Purushottam, MD, Nine Rivers Capital, was not optimistic about the effect of the course of political events after the Railway Budget on the market
Intel Capital, the investment arm of Intel Corp, the world's biggest chipmaker, believes valuations of early-stage technology companies in India have reached a "near-bubble" stage, as too much capital chases too few quality opportunities.
Refuting the allegations of US lawmakers and certain quarters here that H-1B visas take away jobs from Americans, NASDAQ's chief has claimed that studies show that for every H-1B visa, technology companies increase employment by five workers.