Latest news with #JaspreetSingh
Yahoo
a day ago
- Business
- Yahoo
Deel eyes more acquisitions after hitting $1 billion annual revenue run rate
By Jaspreet Singh (Reuters) - Payroll startup Deel said on Tuesday it crossed $1 billion annual revenue run rate in the first quarter and has earmarked up to $500 million for acquisitions this year to bolster growth. Customers use Deel's global payroll platform to manage their international workforce. Deel, which acquired Safeguard Global's payroll division for an undisclosed amount in March, allocated an M&A budget of between $200 million and $500 million this year, CEO Alex Bouaziz told Reuters. The San Francisco, California-based company is still aiming for a 2026 U.S. initial public offering, but it depends on macroeconomic conditions. Deel said its revenue rose 75% for the twelve months ended April 30. It reported earnings before interest, taxes, depreciation, and amortization margin of 16% for the first quarter, ended March 31. Bouaziz said he does not know if the company will be able to keep growing at the same level, but "we are going to try our best." Founded in 2019, Deel provides services to help companies hire international employees and contractors while ensuring compliance with local labor laws. It also automates payroll processing for businesses operating across multiple countries. Deel — which has 6,500 employees and more than 35,000 customers including AI startup ElevenLabs, Nike, Klarna, and Shopify — competes with companies such as Rippling, Omnipresent and Automatic Data Processing. "We believe in the idea that typically, the service you get is tied to how much you are willing to pay ... Deel is a bit more premium than most companies," Bouaziz said. In March, rival Rippling filed a lawsuit against Deel alleging racketeering, misappropriation of trade secrets and unfair competition, among others. Deel filed its own lawsuit for defamation in April, saying Rippling has been running a multi-year smear campaign against it. The company also believes the allegations by Rippling are driven by the fact that "Deel is winning in the market." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
2 days ago
- Business
- CTV News
Disney laying off several hundred in film, TV, finance
Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar with the matter said on Monday. The layoffs affect multiple teams around the world, including film and TV marketing, TV publicity, and casting and development, the source said. Disney and other companies are reshaping their business strategies in response to the migration of cable TV audiences to streaming platforms. In 2023, Disney cut 7,000 jobs as part of an effort to save US$5.5 billion in costs. In May, Disney reported earnings that exceeded expectations with an unexpected boost from the Disney+ streaming service and strong results from theme parks. Disney shares, which have risen 21 per cent since the earnings report, were down 0.5 per cent at $112.43 on Monday. Reporting by Lisa Richwine in Los Angeles and Jaspreet Singh in Bengaluru; Editing by Arun Koyyur and David Evans.
The Star
6 days ago
- Automotive
- The Star
Amazon's Zoox issues second software recall this month after San Francisco crash
FILE PHOTO: Zoox, a self-driving vehicle owned by Amazon, is seen at the company's Headquarters during a test drive in Foster City, California, U.S. October 15, 2024. REUTERS/Carlos Barria/File Photo (Reuters) - self-driving unit Zoox has issued a second software recall this month to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month. The recall covers 270 vehicles equipped with its Automated Driving Systems software, which had versions released prior to May 21, Zoox said in a report with the National Highway Traffic Safety Administration on Thursday. Zoox has updated the software. On May 8, an unoccupied Zoox robotaxi was struck by an electric scooter while turning at low speed at a San Francisco intersection, the company said last week. The rider sustained minor injuries and fell next to the vehicle, which continued turning and then stopped without making further contact, it said. Earlier this month, Zoox had issued a software recall for 270 driverless vehicles after an unoccupied robotaxi was involved in an April 8 crash with a passenger car in Las Vegas. In April, NHTSA closed a probe into 258 Zoox vehicles over a braking issue after the company issued a recall to update their software. (Reporting by Jaspreet Singh in Bengaluru; Editing by Shilpi Majumdar)
Time of India
27-05-2025
- Business
- Time of India
Buzzwords instead of real outcomes: the recipe for mistrust
HighlightsSimplicity is key in AI marketing messaging. Customers prefer clear outcomes over jargon. Make the customer the hero of your story. By Jaspreet Singh 'If you can't convince them, confuse them.' This line, often attributed to Harry S. Truman, may sound like a cynical punchline — but for many sales and marketing professionals in IT services, it hits close to home. In an industry now dominated by AI and Generative AI narratives, complexity has become a default. Everyone's racing to sound smarter, faster, and more futuristic — and in that race, we often forget the most important thing: clarity. We've moved from digital transformation and hyper-automation to LLM orchestration, multi-modal interfaces, RAG pipelines, GenAI-infused workflows, and autonomous code remediation. While these terms aren't meaningless, overusing them without clear context dilutes their impact. Every service provider is saying the same thing, just with a different color palette and voiceover. In the quest to stand out, we've ironically blended in. Customers — whether CIOs, CMOs, or line-of-business leaders — are smart. They've seen the demos, heard the acronyms, and sat through the slideware. They know when they're being pitched buzzwords instead of real outcomes. And in that moment, trust evaporates. Add to that the challenge of shrinking attention spans. According to research, we now have less than 8 seconds to capture attention — shorter than a goldfish. So when we bombard buyers with jargon-heavy messaging, verbose value propositions, and AI-laden acronyms, we're not convincing them — we're confusing them. In this environment, simplicity becomes the differentiator. This is especially true for AI and GenAI in IT services. Today, business users — not just technical teams — are making decisions about technology. A GenAI solution built for legal operations or supply chain doesn't need to be explained in terms of transformer models or vector databases. It needs to be explained in terms of what problem it solves, how fast, and what value it brings. Marketing's job isn't to decorate complexity — it's to distill value. To make the message not only accessible but meaningful. That's not about dumbing down the solution. It's about focusing on what matters most to the person on the other side. Take the example of Slack . Their core message wasn't about real-time messaging protocols or integrations with 200+ tools. It was: 'Be less busy.' Similarly, Stripe — a deeply technical payment infrastructure company — simplified its positioning to: 'Payments infrastructure for the internet.' Both are powerful, concise, and grounded in user benefit. And they've helped shape entire industries. Apple's 'Think Different' is another obvious example. But you don't need a billion-dollar brand to achieve that level of clarity. In B2B tech, even internal projects can be reframed with simplicity — "Automated KYC review in under 5 minutes" is a lot more compelling than "GenAI-powered regulatory document classifier." So how do we make our messaging simpler — especially in the age of AI and GenAI? Start by contextualizing, not complicating. Don't just say 'AI-led automation' or 'GenAI CoE with multi-model capabilities.' Instead, say: 'We helped a global insurer cut claims processing time by 60% using a GenAI chatbot trained on historical tickets.' That's memorable. Use the WIFM principle — What's In It For Me? Speak to the specific pain points, aspirations, and outcomes that matter to your audience. A COO wants reduced cycle time. A CMO wants personalized experiences at scale. A CIO wants cost-effective transformation. Frame your message in their terms, not yours. Anchor your narrative in facts, not fluff. Show what you've done, how it's worked, and why it matters. Replace vague phrases like 'industry-leading' or 'next-gen' with quantifiable outcomes — '$3M in operational savings,' '30% drop in manual reviews,' '2-week deployment with no downtime.' Make the customer the hero of your story. Your solution isn't the star — their success is. Highlight how your AI/GenAI service made their job easier, helped their team shine, or solved a business-critical challenge. Elevate them, not yourself. And most importantly, edit ruthlessly. Cut what doesn't add value. Clarity isn't just a writing choice — it's a mindset. As Steve Jobs put it: 'Simple can be harder than complex. You have to work hard to get your thinking clean to make it simple.' But once you do, you can move mountains — or close deals. In today's AI-first world, where everyone's shouting the same buzzwords, being understood is your competitive advantage. So the next time you're pitching an AI-native solution or a GenAI-powered platform, skip the jargon maze. Just tell a clear, useful, honest story. Because if you can't explain it simply, maybe it's not ready. And if you can? You're already ahead. (The author is marketing leader, Apexon. Views are personal.)
Yahoo
26-05-2025
- Business
- Yahoo
How To Build Generational Wealth Without a Big Salary, According To Jaspreet Singh
Many people believe that buying a home is the best way to build generational wealth, especially if you have a limited income — but money expert Jaspreet Singh says that this isn't the case. Find Out: Read Next: 'When most people think of generational wealth, they're thinking, 'I own this home that's worth $600,000 with a $500,000 mortgage. I'm going to work to pay down my mortgage to 0, that way then I can pass down this house to my kids,'' Singh said in a recent YouTube video. 'But that's not what real generational wealth looks like.' Singh believes that real generational wealth provides income while you are living and then provides that income to future generations. Not only does a home not generate income, but it actually continues to cost money for whoever inherits it — even if you've paid off the mortgage. 'There's no mortgage payment, which is great, but you still have to pay property taxes, you still have to pay your property insurance, and you still have to pay for the upkeep,' Singh said. Even if your heirs sell the home, it isn't generating income. 'You could just sell the home and you can pocket this $1 million [and] put it into your bank account, but now the problem is this $1 million isn't paying you anything,' Singh said. 'It's just sitting there. And now if you live off of $100,000 a year, well, this money is going to be completely gone in 10 years.' Instead of buying a home, Singh said there are three other assets you should focus on buying to create true generational wealth. There are a few types of stock investments Singh recommends for building generational wealth, the first of which is domestic dividend-paying funds. These are typically low-risk investments that pay dividends just for being an investor. For those willing to take on more risk, Singh said to consider investing in a real estate investment trust (REIT). If you want to get 'even more sophisticated,' Singh said to look into international ETFs. 'There's higher risk, but also higher growth potential,' Singh said. The way to turn these investments into generational wealth is to invest consistently over time and to keep reinvesting your profits, Singh explained. 'The reason why so many people fail with this type of dividend investing is because they look at something that's paying out a 3 or 4% dividend yield and they say, 'Well, I'd have to invest millions of dollars to make a solid stream of income, so it doesn't really make sense for me to go out and invest in these dividends because I'm never going to actually have that type of money.' 'But that's not the way that you succeed with dividend investments,' Singh said. 'No. 1, you want to see asset appreciation, which is the growth in the value of your investments. No. 2, you want to see dividend appreciation, which means you want to be investing in a good company that's also increasing how much money they're paying you. And then you also want to be reinvesting the dividends that you get.' By consistently investing in these funds with every paycheck and reinvesting your profits, your wealth will grow over time. 'This is how you can win in this strategy, even if you don't make a ton of money, because now you're following what I call 'CPA' — you're being consistent, passive and you have an automatic investing strategy. … Even if you're starting with just $100 a month, you can still see those gains, but you have to stay consistent.' Learn More: Singh acknowledges that investing in real estate does take some upfront cash, so it might not be feasible for everyone. 'I do not recommend you get into real estate unless you have some actual cash to go out and invest,' he said. However, even if you don't have enough saved now, that's something you can work toward. 'The reality is, you get what you prioritize, and some people will prioritize investing in real estate and you're going to find a way to do it,' Singh said. Once you have enough cash saved up, Singh said to buy a rental property — not a home for you to live in. 'When I go out and invest in real estate, my goal is to get a 7% cash return on my money,' Singh said. 'That means for every $1,000 I invest, I want to see $70 of cash flow every year entering my bank account after expenses.' Singh said to focus on rental income rather than appreciation when choosing a property, because rental income is predictable while the change in the value of your property is not. 'The advantage of real estate investing is not just the cash flow — you also get the benefits of owning a hard asset,' he said. 'There's this real value that you can control.' In addition, owning property entitles you to valuable tax breaks. The third way to create generational wealth is to start a business. 'Now this one is the most difficult, the most risky, but also has the most potential upside,' Singh said. The way to build a successful business is to create a business that can run when you step away. 'If, hypothetically, your business makes $500,000 a year and after all expenses you have $250,000 of profit, well now you hypothetically could hire a new CEO [to replace you] at a $150,000 a year salary,' Singh said. 'That means the business is still making $100,000 in profits. This profit goes to the owner of the business, and if you are the owner of the business, well, now you can have a different CEO run the company, you can go move to the beach and still make this $100,000 a year.' Singh acknowledges that starting a business is not for everyone. 'It is hard building a business, but for some people, you will love it; for others, you're going to hate it,' he said. 'If you hate it, don't worry about this — focus on the stocks and real estate.' More From GOBankingRates 8 Common Mistakes Retirees Make With Their Social Security Checks Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on How To Build Generational Wealth Without a Big Salary, According To Jaspreet Singh Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
