Thursday, 1 December, 2022
TopicBig tech

Topic: Big tech

Our take on big tech layoffs, EWS quota, COP27 and govt controlling TV programming—in 50 words

ThePrint view on the most important issues this week.

Silicon Valley’s honeymoon with wealth is ending. Employees are packing bags

Meta, Twitter, Google, Microsoft, Apple, Netflix, and Patreon have fired employees in droves. And funding is drying up for tech startups in India too.

Not just Twitter — Silicon Valley is gearing up for recession with layoffs & hiring freezes

Big tech firms have confirmed hiring pauses, Zuckerberg has hinted at layoffs and small companies have begun cutting down jobs, all citing economic trends, macroeconomic environment.

Joining global trend, India likely to bring law for Big Tech to pay news publishers for content

Getting tech giants to share revenue for news content is an 'important issue' & 'needs to be tackled legislatively', Union minister Rajeev Chandrasekhar said Saturday.

We are entering the age of Web3. It hinges on reclaiming power from big tech

The third iteration of the internet – Web3 – will be defined by open-source technology, utilizing blockchain technology.

US tech giants aren’t monopolies, they are engaged in fiercely competitive markets

The theory that banning big tech companies from making acquisitions would stimulate competition is dubious. Mergers and acquisitions are typically a spur to efficiency, not a barrier.

Google to Facebook, tech firms leaning on retd IAS officers to deal with Modi govt

Technology companies like Google, Facebook, Twitter or Amazon are under increased scrutiny and regulatory pressure of the Modi govt. They need an insider in power corridors.

Warning from RBI: Growth of ‘big tech’ in payments & services poses financial stability risk

In its financial stability report, RBI said concerns have intensified around a level playing field with banks, too-big-to-fail issues, challenges for antitrust rules among others.

Why India must embrace the G7 proposal to tax multinational tech giants

The G7 proposal indicates a political momentum that could lower India’s jurisdictional tax arbitrage.

On Camera

YourTurn

A group picture of Supreme court judges at Supreme Court in New Delhi | Praveen Jain | ThePrint

Ambedkar rejected collegium system, said CJI supremacy on judges’ appointment is dangerous

In May 1949, the Constituent Assembly debated the Collegium system, only to reject it thrice. Now the SC is assuming that role once again.
Representational image | Reuters

India’s economic growth at 6.3% for second quarter, slower than previous months

Government capital spending increased more than 40% during the quarter as it stepped up expenditure on roads to railways, according to official data on Wednesday.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.