What's New Today: 'Will Cooperate With CCI,' Google declares as the Supreme Court orders the tech giant to deposit a 10% penalty amount.
Fast-Track Insights: Billionaire's VC Fund Profited $1.8 Billion by Selling Crypto Before the Market Crash
A report says, according to ChatGPT, the only drawback of having Elon Musk as the world's leader would be working 120 hours per week to pay for everything. We would all be traveling around in Teslas and using jetpacks as personal transportation. People who choose to test ChatGPT's humour were not dissatisfied. When the question, "How would the world be if Elon Musk was the leader," was posed. Then, in a funny response, ChatGPT declared that "If Elon Musk is the leader, the world would be a really exciting place! By now, we would all be residing on Mars and most likely be using jetpacks to get around. Because we'd all be cruising around in our Teslas, traffic congestion would be a thing of the past. Also, disregard power disruptions.
Google has stated that its Android operating system has benefited Indian users, developers, and original equipment manufacturers (OEMs), as well as playing an important role in India's digital transformation. Google also stated that it will work with the Indian Competition Commission (CCI). The remark follows the Supreme Court's refusal to hear Google's appeal of the National Company Law Appellate Tribunal (NCLAT) judgment dated January 4, 2023. Google spokesperson said: "We are reviewing the details of yesterday's decision which is limited to interim relief and did not decide the merits of our appeal. Android has greatly benefitted Indian users, developers, and OEMs and played a key role in India's digital transformation.
As of December, salary expectations for IT employees had plummeted by roughly 40% compared to the same period last year, as the demand environment had cooled due to the recession and geopolitical concerns. This follows several quarters of a fight for talent that saw corporations offer massive pay raises to entice competent staff. Attrition has tapered from peak levels of 25-30% last year to about 20% in the December quarter and the consequent lag in salary hikes is likely to help companies improve operating margins, which have been under pressure due to the high cost of talent.
Nexo Capital Inc., a digital asset provider, will pay $45 million in fines to US federal and state regulators over charges that it violated securities laws by marketing a crypto loan product. According to the Securities and Exchange Commission, Nexo's Earn Interest Product constituted a security that should have been registered with the agency. It's the latest in a slew of complaints launched by Wall Street's major regulator over identical goods. "We are not concerned with the labels placed on offerings, but with their economic realities. And part of that fact is that crypto assets are not exempt from federal securities rules," SEC enforcement director Gurbir Grewal said in a statement.
The Founders Fund, a venture capital fund co-founded by billionaire Peter Thiel, exited a nearly eight-year gamble on cryptocurrencies just before the market crashed last year, earning $1.8 billion in profits. According to a Financial Times report, the San Francisco-based fund made its first cryptocurrency investment in 2014, investing huge sums in the flagship cryptocurrency Bitcoin ($BTC) before it reached $1,000 per coin. According to the study, almost two-thirds of its total investment was in $BTC.
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