Muted

Overnight, TikTok video feeds started going silent—not as some sort of weird Charlie Chaplin homage, but because Universal Music Group did, as previously threatened, pull its expansive song catalog, igniting a “Mute-pocalypse” where videos featuring music by many of the industry’s biggest names (Taylor Swift, The Weeknd, Lana Del Rey, Bad Bunny, Britney Spears, Drake, Post Malone, Fleetwood Mac) were suddenly flagged for copyright infringement.The reason is that Universal’s licensing agreement expired on Wednesday.…

The chip maker hopes that the AI boom will lift fortunes. The chip maker hopes that the AI boom will lift fortunes. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by…

Growth in the information technology sector may rebound from next fiscal year, experts said, though the third-quarter performance of India's top four IT majors did not inspire much confidence.While companies indicated little uptick in confidence in the market after the US Federal Reserve last month signalled multiple interest rate cuts in 2024, analysts expect a turnaround after this and the next quarters based on management commentary on the demand environment.Elevate Your Tech Prowess with High-Value Skill…

Guiding towards another quarter of macro-economic pains for the IT consulting business, Accenture forecast second-quarter revenue below street expectations on Tuesday. Accenture reported revenues of $16.2 billion, an increase of 3% in dollar terms and 1% in local currency for its first quarter ended on November 30. The IT consulting major anticipates cautious spending by clients as macroeconomic uncertainty continues to strain IT spending. Accenture expects revenues for the second quarter of fiscal 2024 to be in the range…

Markets with high levels of remote work tend to have lower senior-housing occupancy rates. Markets with high levels of remote work tend to have lower senior-housing occupancy rates. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

Indian IT services companies are expected to log a muted show in June quarter with wage hikes keeping margins under pressure amid weak macro overhang, cuts in discretionary spends, and project delays, say analysts. Some brokerages, in fact, have cautioned that pain will continue for the tech pack up ahead, as recovery is likely to be more gradual, only around Q4 FY24 or in FY25. As tech companies head into Q1 earnings season this week, experts will also be keeping a close watch on any management commentary on the…

A weakfourth quarter and muted revenue growth projections by top tech companies have reflected in the compensation paid to C-suite executives. While Tech Mahindra chief executive CP Gurnani took a 50% cut in salary, Infosys CEO Salil Parekh saw a 21%pay cut as compared with the previous year.Gurnani took home about Rs 32 crore in salary and other compensation in fiscal 2023, about half compared with Rs 63.4 crore the previous year, as per the company’s annual report.Gurnani, who is set to retire in December, will pass the…

Over 80% of investors in the early-stage startup ecosystem believe that the investment activity in 2023 will be at a slower pace than last year, a report by venture-debt firm InnoVen Capital said. For the report, the firm surveyed 20 early-stage investors including Blume Ventures, WaterBridge Ventures, India Quotient, Kae Capital and others. ET reported earlier this month that early-stage startups that were earlier deemed immune from the funding winter have also seen a decline in funding during the first quarter of 2023.…

Union Pacific Corp. reported lower operating income as softening volumes from customers, higher costs from weather interruptions in California and inflation kept profits muted in the most recent quarter. The railroad said operating income declined 3% year-over-year in the first quarter while business volumes fell 1% as fewer carloads of industrial chemicals, forest products and grain offset higher demand from the automotive industry, the Omaha, Neb.-based railroad said. Freight revenue rose 4% to $5.7…

Skymet said on Monday in its first forecast for monsoon 2023 that monsoon precipitation will be 94% of the long-period average (LPA) due to the impact of the El Niño weather pattern, linked to droughts or poor rainfall in India. The forecast raises concerns over agriculture output in the country. This may drive farmers to resow crops and push up the demand for irrigation in the farming sector. “In an El Nino year, there is zero chance of excess rainfall, while the chances for…