One Thing Today in Tech
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69 percent of jobs in India under threat from automation by 2040, says Forrester's Future of Jobs report
Working populations in the five largest economies in the Asia Pacific—India, China, South Korea, Australia, and Japan—are more at risk due to physical robot automation than in Europe and North America, according to a forecast by Forrester. India, which has a relatively young workforce, will add 160 million new workers over the next 20 years, reaching a working population of 1.1 billion by 2040, but 69 percent of India's jobs are under threat from automation, according to the forecast
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Indian children the most cyberbullied, finds McAfee survey, racial bullying online rising worldwide
Cyberbullying among children in India is the highest and in multiple categories, double the rates reported by other countries, cybersecurity company McAfee said in a press release yesterday, as part of a global report, titled 'Cyberbullying in Plain Sight'. And racially motivated bullying online is on the rise worldwide, with India and the US topping the list, reporting the most such instances
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Tech M&A in focus as Competition Amendment Bill introduced; Intel goes 'net water positive' in India
India's Competition (Amendment) Bill 2022 was introduced in the parliament on Aug 5 to give the competition regulator more power, including recruiting experts to help scrutinise tech mergers and acquisitions more closely. Intel achieved 'net positive' water status in India, meaning it returned more fresh water through recycling and conservation efforts than it consumed
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Amazon offers $29 skill builder courses; YC shrinks summer cohort; MIT advances 'analogue deep learning'
Y Combinator has cut the number of startups within its accelerator for the Summer 2022 batch by 40 percent, citing the global economic slowdown. The cohort, currently on, has nearly 250 companies, while there were 414 companies in the previous batch. AWS has launched new subscriptions to its cloud tech learning at attractive rates. And MIT researchers have built an artificial synapse that's faster than those in the human brain
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Google's Pichai to staff: 'time to sprint'; Linus Torvalds shows latest Linux on Apple silicon
Google is launching a new initiative called "Simplicity Sprint" to improve efficiency and focus as the global economic slowdown grinds on, after reporting back-to-back quarters of weaker-than-expected earnings. Linus Torvalds, the Finnish software developer who created Linux, yesterday, used an Apple MacBook running on an M1 chip to release the latest version of the open-source software
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Apple beats estimates, but slows, doubles India revenue; Amazon says, 'no slowdown yet'; Paytm on track, says CEO
Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit, but a slowdown in growth was clear. In India, the company doubled its revenue and said enterprises like Wipro were buying Apple products to attract and retain talent. And Paytm is on track to break even by September 2023, founder and CEO Vijay Shekhar Sharma told shareholders
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MapmyIndia announces wider availability of RealView; Google's cookie cutting timeline pushed to 2024
CE Info Systems, better known as MapmyIndia, an advanced digital maps and location tech provider, yesterday announced the wider availability of its Mappls RealView, a made-in-India 360-degree panoramic street view and 3D metaverse maps service. This coincides with Google's relaunch of Street View in India. Swiggy's delivery agents are protesting pay-out cuts. And, in more Google news, the search giant will keep the cookies in Chrome, after all. At least until 2024, now
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India's 5G auction underway; PhonePe seeking $12 bln valuation; Google warns of uncertainty ahead
The auction for the 5G spectrum got underway yesterday in India and the government received bids worth $18 billion on the first day from conglomerates including the Reliance Group and Adani Group, TechCrunch reports. PhonePe, one of the largest fintech businesses in India, is seeking a massive valuation ahead of its separation from parent Flipkart, ET reports. And Google's parent Alphabet missed earnings estimates yesterday and warned of uncertainty ahead
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Zomato falls 11 percent; Walmart cuts forecast; 'Stop mimicking TikTok,' Kardashians tell Instagram
Zomato's shares fell as much as 14 percent yesterday, after a post-IPO lock-in period ended for the loss-making food delivery service and tech platform company. Walmart issued an earnings warning, lowering its projections for the current quarter and the full year, signalling the deepening slowdown. Atlassian names Rajeev Rajan CTO. And the Kardashians don't like where Instagram is headed
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Infosys reports the highest Q1 growth in over 10 years, and the lowest margins this century
Infosys reported its highest fiscal first-quarter revenue growth in more than 10 years, and its lowest Q1 operating margins of this century, so far, as the company joins rivals in prioritising growth amid another global economic slowdown. Revenue for the three months ended June 30 was $4.44 billion, a 21.4 percent increase over the year-earlier period, the highest since Q1 of FY12. Operating margins came in at 20 percent
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Wipro forecasts strong growth; Minecraft makers rip into NFTs, ban them; OnePlus 10T set for Aug 3 NY event
Wipro says its order pipeline is at an "all-time high" and expects to grow as much as 5 percent sequentially in the current quarter. Mojang Studios, the makers of the hugely popular online game and platform Minecraft, has banned any NFT implementation within the game, they said in a scathing post yesterday, criticising the culture of exclusion that NFTs promote. OnePlus fans in New York can buy tickets to attend an in-person launch of the OnePlus 10T 5G phone and get earbuds as goodies. Others can watch the live stream on August 3