✅Byju's CEO, Byju Raveendran, gets removed from his position due to allegations of mismanagement and other challenges. The decision, led by Prosus NV and Peak XV Partners, has shattered the edtech industry. Majority of Byju's shareholders voted unanimously on Friday to remove founder CEO Byju Raveendran and his family from the board over alleged "mismanagement and failures". Moving on, next up we have,
✅PW Skills or Physics Wallah. Their online platform, gets recognized as the "Most Promising Ed-Tech Skilling Company of the Year 2024" at the 5th Education Leaders Conclave & Awards in Dubai. Offering courses in both English and Hinglish, the platform caters to a diverse demographic, providing top-notch education at affordable rates. Next up we have,
✅The Rise of AI causes job cuts to surge globally. Already set to hit 40% of employment. The rise of AI and automation is transforming the global job market, with the IMF predicting a market worth $1.3 trillion by 2032.
This transformation has led to job cuts across various industries, including the tech sector in the US. The rise of generative AI, such as ChatGPT, is causing cost-cutting measures, including freezing hiring and layoffs.
✅Google Faces Heat for 'Illegal' AI Response on PM Modi. The Indian IT Ministry is set to issue a notice to Google regarding "problematic and illegal" responses generated by its AI platform Gemini concerning Prime Minister Narendra Modi. The ministry's intervention reflects the ongoing struggle between lawmakers and tech companies regarding the future of safe harbour protections for generative AI platforms like Gemini and ChatGPT.
✅Google, acknowledging "inaccuracies in some historical image generation depictions" with its Gemini AI tool, recently issued an apology. The Minister of State for Electronics and IT, Rajeev Chandrasekhar, expressed concern, labelling these responses as direct violations of Rule 3(1)(b) of Intermediary Rules of the IT Act and several provisions of the Criminal Code.
✅IBM India/South Asia's Managing Director, Sandip Patel, believes that AI will create new employment opportunities, despite concerns about job displacement. In India, 46% of companies are actively training their employees to collaborate with automation and AI tools.
The challenge now lies in scaling up these efforts to cater to a larger workforce, recognizing the need for diverse skill sets that align with the evolving job market.
✅Dell Technologies have introduced version 2.0 of their NativeEdge edge computing platform, with an aim to streamline the process of providing infrastructure using DevOps best practices. The company also introduces a three-year subscription plan to reduce the total cost of deploying edge computing platforms.
Dell envisions incorporating generative artificial intelligence (AI) in edge computing management to address the evolving landscape of edge computing.
✅Imarticus Learning Secures desired Spot on GSV 150. Gets recognized for Transforming Digital Learning. For over a decade, Imarticus Learning has tirelessly worked to bridge the gap between industry requirements and academia, shaping learners into job and industry-ready professionals. With a track record of impacting over 1 million learners and facilitating more than 1 lakh career transitions, Imarticus Learning has become a beacon in the educational sector.

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