new age companies

New Mexico AG Raúl Torrez criticized Meta's threat to block platforms over child safety laws, calling it a "PR stunt" and accusing the company of prioritizing profit over protecting children. The state is seeking significant platform changes for minors, including stricter age verification and content restrictions, in an upcoming bench trial.

Microsoft has unveiled its first voluntary retirement program, offering eligible US employees a package including five years of healthcare coverage (one fully paid), cash severance up to 39 weeks' pay, and accelerated stock vesting. This initiative aims to reduce headcount ahead of the new fiscal year, following recent layoffs and executive departures.

New Mexico is suing Meta, seeking $3.7 billion and platform changes, arguing its social media fuels a youth mental health crisis. The state accuses Meta of designing addictive platforms and failing to protect minors from exploitation. A judge is considering if Meta's platforms constitute a public nuisance, a designation that could force significant reforms.

The EU has warned Meta that its safeguards are insufficient to prevent children under 13 from accessing Facebook and Instagram. Regulators found that Meta's efforts to identify and remove underage users are inadequate, potentially leading to fines of up to 6% of global annual turnover if violations are confirmed.

A Chinese court has delivered a landmark ruling. Companies cannot dismiss employees to replace them with AI. This decision protects worker rights amid rapid AI adoption. A tech company unlawfully fired a supervisor whose tasks were taken over by AI. The court found AI replacement is not a major change justifying contract termination.

Microsoft is reorganizing its leadership following Rajesh Jha's retirement. Key divisions like Windows, Office, and Copilot are being reassigned to senior executives. This shake-up aims to align product groups with the company's AI and cloud focus. Several leaders will now report directly to CEO Satya Nadella as part of this significant internal shift.

New-age insurer Acko, backed by General Atlantic and Accel, is gearing up for its IPO, aiming for an early 2027 launch. The company has appointed Morgan Stanley, ICICI Securities, and Kotak Securities as bankers. Acko targets a valuation of $2-2.5 billion, a significant increase from its previous $1.4 billion. This move comes as India's IPO market navigates global volatility.

Ted Turner, the media mogul behind CNN, TNT, and TBS, has died at 87. He transformed professional wrestling by turning WCW into a national rival to WWF, launching Monday Nitro and the nWo era. Turner’s hands-off approach, cultural insight, and media empire permanently reshaped wrestling and television. He is survived by five children, 14 grandchildren, and two great-grandchildren.

Organizations representing the creative industries called on the Government to reject any changes to copyright law that would weaken protections for creators and rightsholders.

Donald Trump faced criticism after paying tribute to late media and wrestling mogul Ted Turner while simultaneously attacking CNN as “woke.” Critics argued the statement shifted focus from Turner’s groundbreaking legacy in broadcasting and professional wrestling to political grievances, overshadowing his transformative impact on CNN, WCW, and the Monday Night Wars.

Adidas released a new FIFA Club World Cup teaser starring Timothée Chalamet, Bad Bunny and Lionel Messi alongside several top soccer stars. The dramatic commercial also features David Beckham, Zinedine Zidane and Alessandro Del Piero with AI-powered younger looks ahead of this summer’s tournament beginning on June 11.

Skyroot Aerospace has achieved unicorn status, valued at $1.1 billion after raising $60 million. This funding propels India's first private orbital rocket, Vikram-1, closer to launch. The capital will scale production and develop future rockets, marking a significant leap for India's burgeoning private space sector and its global ambitions.

Reliance Retail has acquired Priyanka Chopra Jonas's global haircare brand Anomaly, bolstering its presence in the beauty and personal care sector. The deal grants Reliance full ownership of Anomaly's assets, with plans to expand the clean, vegan, and affordable brand through its extensive retail and digital platforms, including Tira.

A 1975 magazine cover sparked a revolution in personal computing. Bill Gates and Paul Allen saw the Altair 8800 and recognized a need for software. This led them to develop a BASIC interpreter for the machine. This pivotal moment marked the beginning of Microsoft. Their foresight created a new industry.

India’s answer to Claude Mythos is one or more homegrown AI models as powerful as, if not more powerful than, Mythos. For this, Government of India needs to take the lead. Time is of the essence here

Young people are finding spiritual connection beyond traditional settings through bhajan jamming and kirtan nights. These gatherings offer a grounding escape from digital fatigue, fostering community and emotional honesty. Organizers note a rising demand for devotional concerts that blend traditional and contemporary sounds, resonating with a generation seeking peace and belonging.

Ahead of Satyajit Ray's 105th birth anniversary, actors and crew reminisced about working with the legendary filmmaker. An event organized by the British Deputy High Commission and UK's Bengali diaspora celebrated Ray's enduring legacy, particularly highlighting the continued popularity of his iconic film 'Sonar Kella'.

Typing errors once meant retyping entire pages. Bette Nesmith Graham, a secretary, saw painters cover mistakes and applied the idea to typing. She created Liquid Paper, a white fluid to hide errors. This simple invention became a massive success, founding a company and changing office efficiency forever. Her innovation remains a testament to practical problem-solving.

At an NRAI event in Delhi, Manu Bhaker was asked about Vaibhav Sooryavanshi, sparking online criticism for shifting focus from her Olympic achievements. Bhaker emphasized mentorship, saying age doesn’t limit talent. Social media, including Joy Bhattacharjya, called the question unfair and cricket-centric. Meanwhile, Sooryavanshi continues to shine, becoming the youngest to 1,000 T20 runs and emerging as a promising future star for India.