Business – Page 10 – News Diaries

Zuckerberg says these jobs at Facebook, Instagram will be replaced by AI

January 14, 2025 by Adrienne

Meta CEO Mark Zuckerberg reveals plans to replace midlevel software engineers with AI by 2025. The social media giant also intends to eliminate its DEI team and switch to community notes for fact-checking, raising concerns among industry experts about the company’s direction.

Rupee to breach 86/$, RBI governor faces 1st major challenge

January 13, 2025January 12, 2025 by Adrienne

RBI Governor Sanjay Malhotra faces a significant test as the rupee is poised to breach 86 due to a stronger dollar. This complicates GDP growth efforts expected to slow to 6.4% in FY25. Forex intervention has tightened liquidity, impacting interest rates and contributing to capital outflows.