Electric-vehicle maker Tesla has reportedly laid off employees from its software, service, and engineering departments following its recent workforce reduction announcement. This move comes after the company disbanded its EV charging department.
Wipro announced that its current CEO, Thierry Delaporte, will be leaving the company. Srini Pallia, a company veteran, will take over the role on April 7. Delaporte’s tenure was marked by value erosion in Wipro’s stock and an exodus of senior leadership. The decision comes after a closed-door meeting of Wipro’s key board members. The company has been criticized for underperformance and will announce its Q4FY24 financial results on April 19. Delaporte will assist with the transition until May-end.
Legal technology company Luminance has secured $40 million in a funding round led by Santa Monica-based venture firm March Capital. Luminance offers software for automating contract processes and has raised fresh capital in 2024, like other AI contracts-focused firms. The company stands out from competitors due to its proprietary language model trained on millions of legal contracts. Luminance plans to use the funding to grow its presence in the US market.
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Four individuals have been booked for hacking a payment gateway company’s software and stealing Rs 25 crore. The accused created a fake firm with forged documents to transfer the money. Two individuals have already been arrested in connection with the crime. The investigation is still ongoing.
Apple has unexpectedly embraced the ‘right to repair’ movement, supporting a crucial piece of legislation in California. The proposed law aims to give consumers and third-party firms the right to fix damaged electronic products, benefiting users and protecting their privacy and security. Apple’s support is expected to ease concerns about industry compliance and make the bill more attractive to other states. The ‘right to repair’ movement aims to challenge the restrictions imposed by technology companies and enable consumers to repair devices on their own terms.
