Related News
Two weeks after CEO exit, Ola Cabs CFO Kartik Gupta also steps down
Economic Times · 1y ago
Medial
Kartik Gupta, the CFO of Ola Cabs, has left the company as part of an ongoing restructuring. This follows the departure of CEO Hemant Bakshi just a couple of weeks ago. Ola is restructuring to strengthen its cost structures, focus on growth, and improve its bottom line. Gupta joined Ola Cabs in November last year after almost two decades at Procter & Gamble. Founder Bhavish Aggarwal has taken over as CEO and is working towards turning the company profitable. Ola has also exited international markets and laid off employees recently.
OpenAI's former executive Jan Leike joins its rival Anthropic days after quitting over safety concerns
Business Insider · 1y ago
Medial
Jan Leike, formerly of OpenAI, has joined its competitor Anthropic, which is backed by a $4 billion investment from Amazon. Leike, who co-led OpenAI's Superalignment team, criticized his former employer for prioritizing "shiny products" over safety culture. He called for others to join him at Anthropic in continuing the mission of ensuring AI alignment and safety. Several other employees, including OpenAI co-founder Ilya Sutskever, have also left the company recently. OpenAI has established a safety committee and is testing its "next frontier model."
John Schulman leaves AI startup Anthropic
Economic Times · 10m ago
Medial
John Schulman, a co-founder of OpenAI, has left Anthropic, the AI startup he joined last year. The company's Chief Science Officer, Jared Kaplan, expressed support for Schulman's decision to pursue new opportunities. Schulman joined Anthropic to focus on AI alignment and hands-on technical work. Anthropic, a competitor of OpenAI, has reported significant revenue, offering AI models directly and through services like Amazon Web Services. Schulman's departure was initially reported by The Information.
‘Embarrassed’: Boeing employee after aerospace giant seeks help from SpaceX to rescue Sunita Williams and Butch Wilmore | Mint
Livemint · 1y ago
Medial
Boeing's spacecraft, Starliner, has encountered technical glitches preventing the safe return of Indian-origin astronaut Sunita Williams and NASA astronaut Butch Wilmore. The failure adds to Boeing's recent string of setbacks and is a blow to its credibility. The Starliner capsule suffered issues including a helium leak and thruster malfunction, leaving the astronauts stranded in space. NASA has announced it will turn to Boeing's competitor, SpaceX, for assistance in bringing the astronauts back. The incident has left Boeing employees feeling embarrassed and humiliated, as SpaceX comes to the rescue and takes on the mission.
Major shifts at OpenAI spark skepticism about impending AGI timelines
Arstechnica · 1y ago
Medial
OpenAI has experienced significant leadership changes recently, with its president and co-founder Greg Brockman taking an extended sabbatical until the end of the year. Another co-founder, John Schulman, has left the company permanently to join rival Anthropic. Peter Deng, OpenAI's VP of Consumer Product, has also departed. These departures have raised questions about the company's progress towards developing artificial general intelligence (AGI) and its potential impact on the industry. Furthermore, several high-profile employees have joined Anthropic, a San Francisco-based AI firm founded by ex-OpenAI employees. Despite these changes, OpenAI remains optimistic about its future.
SaaS founders are grabbing talent amid tech layoffs
Economic Times · 2y ago
Medial
Despite a funding slowdown, enterprise software and SaaS startups are actively hiring in a competitive job market. Access to talent across engineering, product, sales, and marketing functions has increased. Candidates are prioritizing factors beyond just salary, focusing on long-term sustainability and work environment. Mass layoffs by late-stage startups and legacy tech firms have shifted job seekers' preferences. Kapture CX, after its first fundraise, hired 35% of its 220 employees in the last six months, reflecting changing dynamics.
Brex Partners With Former Competitor Zip in Integration Supporting Anthropic, Coinbase Ahead of IPO | DeepNewz VC
deepnewz · 7m ago
Medial
Brex has announced a partnership with its former competitor, Zip. This alliance aims to enhance their integration capabilities, supporting platforms such as Anthropic and Coinbase. The collaboration comes after Zip received backing during its Series A, B, C, and D funding rounds. TechCrunch highlights the significance of this partnership, showcasing a new strategic direction for both companies.
Not literal, directional: Goenka on Murthy's 70-hr workweek, Goyal's startup remarks
Inshorts · 9m ago
Medial
Billionaire Harsh Goenka posted on X, "When Murthy and Subrahmanyan spoke of 70-90 hour work weeks and Piyush Goyal questioned startups making vegan ice creams...they weren't being literal—they were directional." He added, "If India wants to compete with US or China, we can't just focus on comfort, convenience & brands." Goenka's remarks came after Union Minister Goyal criticised Indian startups.
Blinkit hikes notice period from zero to 2 months, makes staff sign addendum: Report
Inshorts · 1y ago
Medial
Zomato-owned Blinkit made several of its employees, especially senior-level staff, sign an addendum to their employment contracts increasing their notice period from zero to two months, Moneycontrol reported. Employees, which Blinkit for sure knows are going to a direct competitor, are now sent on a garden leave for two months or are relieved immediately to avoid leak of sensitive information.
After Job Cuts, Aakash Shuts Digital Classroom Programme
Inc42 · 1y ago
Medial