
Microsoft CEO Satya Nadella finally breaks silence on sacking 6000 employees, says they were not fired....
Microsoft CEO Satya Nadella on recent layoffs: In a massive statement after Microsoft laid off 6,000 jobs, CEO Satya Nadella has clarified that the recent layoffs were not linked to employee performance, but the actual reason behind the layoffs was organizational restructuring. Here are all the details you need to know about the recent statement of Microsoft CEO Satya Nadella.
CEO Satya Nadella stated that the layoffs were done with a clear focus on accelerating the company's Artificial Intelligence (AI)-first strategy. The CEO emphasized that Microsoft's vision is now centered on AI transformation. Reports have it that Microsoft's plan includes reallocating resources and talent to areas aligned with emerging business priorities. Microsoft aims to boost AI innovation in India
In another significant development for Microsoft, Microsoft and Yotta Data Services, India's leading sovereign cloud infrastructure and platform services provider recently partnered to accelerate artificial intelligence (AI) adoption in India. The partnership enables Microsoft and Yotta to engage with IndiaAI Mission participants, government agencies, IITs, startups, enterprises, and software development companies to leapfrog AI innovation, a report by IANS news agency said.
Microsoft said it would bring its AzureAI services to Shakti Cloud, Yotta's AI cloud platform, to offer cutting-edge AI capabilities to developers, startups, enterprises, and public sector organisations across India.
'Our partnership with Yotta to power Shakti Cloud will help unlock AI innovation at scale. Microsoft is honoured to play its part in helping the country realise its AI ambitions through innovation that reflect India's unique needs and priorities,' said Puneet Chandok, President, Microsoft India and South Asia.
In January this year, Microsoft chairman and CEO Satya Nadella announced a collaboration with IndiaAI, a division of Digital India Corporation, to advance AI and emerging technologies in the country, and established AI Centre of Excellence and AI Productivity Labs to foster inclusive growth.
(With inputs from agencies)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
2 hours ago
- Time of India
CoreWeave stock rises fast with AI growth and Microsoft support, but faces risks from share sales and big deal
CoreWeave Inc., a computing-services company, is gaining attention because of the growing demand for artificial intelligence (AI) computing power. Its shares jumped 35% in less than two weeks by Monday's close, following Microsoft's announcement to increase spending on AI infrastructure. Microsoft is CoreWeave's biggest customer, and its investment helped ease worries that CoreWeave's stock price was rising too fast compared to the company's actual growth. On Tuesday, CoreWeave's shares continued to rise, gaining up to 2.9%. Tejas Dessai, director of research at Global X ETFs, said the situation is very positive for CoreWeave, noting that the AI business is growing quickly, as per the report by Bloomberg. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program AI growth boosts CoreWeave's revenue and stock price Wall Street expects CoreWeave to report $1.1 billion in revenue for the second quarter, which is 174% higher than the same period last year. Despite growing revenue, CoreWeave is not yet profitable and is expected to lose 19 cents per share in this quarter. This is worse than a 2-cent loss a year ago but better than a 60-cent loss in the first quarter, as per the reports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brilliant Uses For Baking Soda That Really Surprised Us Read More CoreWeave's market value rose from under $20 billion at its IPO to nearly $90 billion in June but has dropped over 20% since then. Still, the stock is up about 250% since March's IPO. The company is not expected to be profitable on an adjusted basis until late 2026. Its stock price is high compared to sales, trading at 7.5 times estimated sales, while the Nasdaq 100 trades at 5.6 times estimated sales, as stated by Bloomberg report. ALSO READ: Danielle Spencer net worth 2025: How much was the 'What's Happening!!' Star Worth at her death? Live Events Due to its high valuation, many investors are betting against CoreWeave's stock. Over one-third of its available shares are sold short, meaning investors expect the price to fall. Large tech companies like Google, Amazon, and Meta are increasing their spending on computing infrastructure, which could benefit CoreWeave. Big tech spending grows, but CoreWeave faces investor concerns Alphabet recently raised its capital spending forecast for 2025 by $10 billion to $85 billion. The top four tech companies plan to spend about $350 billion combined this fiscal year. Citigroup raised CoreWeave's stock rating from neutral to buy on July 31, citing rising AI demand across the industry. Analyst Tyler Radke expects CoreWeave to beat second-quarter revenue estimates, according to the report by Bloomberg. However, Radke is an outlier; out of 24 analysts tracked by Bloomberg, only five recommend buying CoreWeave, 16 suggest holding, and three advise selling. CoreWeave is planning to acquire Core Scientific Inc., a data-center operator, in a $9 billion all-stock deal. This raised concerns about share dilution and the stock's high valuation, says reports. Analysts lowered their ratings after the acquisition was announced in July. A share lockup expiration on August 15 could allow investors holding over 80% of Class A shares to sell their shares, which might cause short-term selling pressure. Larry Tentarelli, founder of Blue Chip Daily and a long-term bull on CoreWeave, said the stock is difficult to understand and volatile because it is still new on the market, as mentioned in the report by Bloomberg. ALSO READ: Controversial Sydney Sweeney ad backlash sends American Eagle foot traffic plummeting CoreWeave faces challenges despite growing interest Other tech news includes China advising companies not to use Nvidia's H20 processors, affecting Nvidia's sales in China. US President Donald Trump indicated he might allow Nvidia to sell a limited version of its advanced AI chip to China. Elon Musk criticized Apple's App Store, accusing it of favoring OpenAI, as per reports. SoftBank Group's shares rose 8% due to optimism about its focus on AI. Micron Technology raised its revenue and earnings forecast for the fiscal fourth quarter, helped by better pricing for key products. CoreWeave is scheduled to report second-quarter earnings on Tuesday afternoon, as per the report by Bloomberg. FAQs Q1. Why is CoreWeave's stock price rising quickly? CoreWeave's stock is rising because of strong AI demand, Microsoft's big investment, and increased spending by major tech companies. Q2. What risks does CoreWeave face with its stock? CoreWeave faces risks from possible share dilution due to a $9 billion deal and many investors selling shares soon.


Time of India
3 hours ago
- Time of India
Donald Trump's new Immigration Policy to end H-1B Visa Lottery: Here's what it means
The White House's Office of Information and Regulatory Affairs (OIRA) has approved a proposed rule that could change how H-1B visas are given to specialty occupation workers. According to a Bloomberg report, the approval hints that the rule could be made public soon. As per the report, OIRA cleared the rule on August 8, 2025. Currently, the H-1B visa program is heavily used by the tech industry, allowing 85,000 new visas each year. Employers submit applications in the spring, and a random lottery decides which ones can move forward. What the new H-1B visa rule may mean President Donald Trump has long criticized the H-1B program, claiming some companies use it to replace US workers with cheaper foreign labor, especially the tech industry. If the new rule changes the H-1B selection to a wage-based system, only jobs in the top two wage groups (3 and 4) will be filled by H-1B workers. This would help protect entry-level jobs for Americans, but it would also make it harder for foreign graduates to find jobs in the US. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You will never turn off your computer again. Undo From lottery to wage-based system Notably, the US Citizenship and Immigration Services ( USCIS ) has not shared details yet, but the plan is expected to bring back a proposal from the first Trump administration. The plan, as per reports, was aimed to replace the current random lottery with a system that gives priority to applicants based on wages. The first Trump administration introduced the wage-priority idea as part of its 'Buy American, Hire American' policy, arguing it would ensure visas went to highly skilled, well-paid foreign workers. However, the Biden administration withdrew the plan in 2021 after receiving over 1,000 public comments opposing it. Critics said the rule would sharply cut the number of eligible foreign workers, especially in entry-level positions. In 2021, the Department of Homeland Security (DHS) suggested ranking applications based on four wage levels, giving preference to the highest-paid roles. Federal courts also blocked related efforts to raise the minimum wage levels for H-1B holders and narrow the definition of qualifying jobs. However, supporters of the wage-priority system argue it protects American jobs, while opponents say it limits opportunities for talented but lower-paid professionals. AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
5 hours ago
- Time of India
No powers to review EC for mining dump handling, says green authority
Panaji: The Goa State Environment Impact Assessment Authority (Goa SEIAA) has decided to dispose of a case based on a complaint filed by the director of Goa Foundation, Claude Alvares, challenging the environmental clearance (EC) granted to a mining company for dump handling. The Goa SEIAA stated that, as per the EIA Notification, 2006, the authority has not been provided powers to review or recall an EC grant. The authority said the notification only allows for cancellation or revocation in cases where there is falsification or concealment of information, neither of which was applicable in this case. It therefore said that it could not review the EC in question. Alvares, in his letter to the Goa SEIAA, stated that the EC could not be granted in the absence of a 'valid mining lease'. He mentioned that the mining waste should be stored after being processed in the mining lease, which is in the Sirigao-Mayem area, and that it cannot be stored at the original dump site as it is located outside the lease area. The Goa Foundation director called for action against the mining company for violation before reviewing the EC. The mining company argued that the claim that the EC could not be granted without a valid mining lease, and solely based on the approval granted under the Goa Dump Handling Policy, 2023, is without merit at this time as the matter is sub judice. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Become Fluent in Any Language Talkpal AI Install Now Undo 'The authority noted that the complaint dated May 2, 2025 doesn't raise any legitimate grievances related to environmental impact assessment or degradation. Instead, the grievances pertain to the legal regime related to the Goa Dump Handling Policy, 2023, which falls outside the SEIAA's jurisdiction and is currently pending before the high court of Bombay. Notably, the Goa Dump Handling Policy, 2023, requires a proper plan for dump handling, which the project proponent has prepared, and a restoration and reclamation plan has been prepared taking the same into consideration,' the Goa SEIAA noted. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.