HIRING PLANS
ByteDance prepares Muse-like agent in push to close AI gap
ByteDance is preparing to release an AI assistant similar to Muse by Meta Platforms soon. Co-founder Zhang Yiming has shared his vision of competing with companies like Anthropic and OpenAI by 2030. The company intends to invest up to $70 billion in developing the Seedance video AI platform.
He joined a fire department as a volunteer at 15, left Goldman Sachs to build a $225 million used fire truck marketplace targeting a $1 trillion market
Martin Hunt joined a volunteer fire department at 15, worked at Goldman Sachs and then left finance to build Garage, an AI-powered marketplace for used heavy equipment. Now 27, he has raised $41 million for the startup, which is valued at $225 million and aims to tap a $1 trillion market.
Qualcomm initiates India layoffs: Here’s how much employees will get in severance
Qualcomm has begun implementing planned job cuts globally, affecting employees in India and the US (in California).
Farmer's son from small Tamil Nadu village builds Rs 1.5-crore software business after quitting nine-year Chennai IT career & starting with just two laptops
Eswaran Arumugam started his software company, Yaa Creations, in Tamil Nadu with Rs 1 lakh borrowed from his brother and just two laptops. After facing financial difficulties, Covid-19 disruptions and Rs 5 lakh in debt, he gradually expanded the business. Based in Rasipuram, Namakkal, the company now has 26 employees, clients across seven countries and undertook projects worth Rs 1.5 crore in 2025, as per a YourStory report.
Anthropic launches Claude Whiteboards, Sheets and Data to expand AI-powered workplace tools
Anthropic has introduced Claude Whiteboards and Claude Sheets to enhance collaborative brainstorming and spreadsheet creation. Claude Data has also been launched to provide advanced data analysis capabilities for businesses. These tools aim to streamline teamwork by keeping all activities within the Claude platform. Users can expect integrations with various third-party applications to enhance their workflows. The company envisions Claude as a comprehensive tool for collaborative workplace productivity.
Qcomm’s Diwali boost; Energy startups attract funds
Happy Wednesday! Quick commerce powered a strong festive season for D2C brands. This and more in today’s ETtech Morning Dispatch.
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Anthropic IPO: Why are Nvidia, Google, Microsoft and AMD investing billions in their own AI competitor? What Big Tech stands to gain from the Claude maker
Anthropic IPO: Anthropic is set to receive a significant $26 billion investment through its upcoming IPO from several technology companies. Major contributors include Google, Nvidia, and AMD, each seeking commercial advantages. This financial backing will support Anthropic's expansion and operational needs, including increased computing infrastructure. The participating companies aim to benefit from Anthropic's growth while addressing their own strategic interests in the AI market.
NCP merger decision rests with Sharad Pawar, Sunetra; neither has told us anything yet: CM Fadnavis
Maharashtra Chief Minister Devendra Fadnavis stated that only Sharad Pawar and Sunetra Pawar could clarify any merger plans. He noted that neither had informed the BJP about a potential merger of the two NCP factions. Fadnavis compared Sunetra Pawar’s leadership to that of her late husband, Ajit Pawar, declaring it unfair. He expressed confidence in river-linking projects helping eliminate drought in Maharashtra over time.
ShareChat hires creative directors as AI cuts microdrama costs by 40%: CTO Nitin Jain
Nitin Jain told the Economic Times Digital that AI has lowered the barrier to entry for creators, while the company's engineers now supervise AI-written code instead of writing it by hand.
Is your HR strategy creating measurable impact? This could be the time to get it recognised
The Economic Times HR Excellence Awards 2027 shine a light on exemplary HR practices within various organizations, teams, and leaders. Encompassing 42 categories, the awards highlight significant accomplishments in realms like HR transformation, talent acquisition, employee experience, and workplace culture, showcasing how effective people strategies can directly enhance business performance.
Samvat 2083 begins: Will the good times roll for Indian businesses?
Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GST collections, festive demand and the RBI’s upgraded FY27 growth forecast point to economic resilience. But weak hiring, easing manufacturing momentum, food inflation and crude oil risks cloud the outlook.
Lithuania changes residence permit rules, creating fresh hurdles for Indian workers and students
In a move to tighten immigration control, Lithuania has established new residence permit rules that pose challenges for foreign nationals, especially from India. This shift affects Indian workers and students looking for work or study opportunities within the country. Particular visa types will now encounter more scrutiny, necessitating that employers assess the eligibility of candidates accurately.
Internship stipends rise at top B-schools as recruiters step up hiring
Recruiters are focusing on summer internships for hiring, offering higher stipends for the 2026-28 batch. Top business schools like IIM Calcutta and IIM Lucknow report increased median stipends and recruitment participation. IIM Kozhikode has noted an improvement in pre-placement offers and conversions from internships. New recruiters have joined the hiring process, diversifying opportunities for students.
West Bengal's new investment policy wins industry praise for jobs, innovation and ease of doing business
Mehul Mohanka, Chairman, CII Eastern Region said, "The policy is a progressive and forward-looking framework that reinforces the State’s commitment to industrial growth and advanced manufacturing and sends a strong signal to investors.”
Canada plans to welcome up to 622,000 new permanent residents by 2027 under the new immigration plan
Canada plans to grant permanent residence to up to 622,000 people by the end of 2027 through a combination of new admissions and measures to transition temporary residents to permanent status. The government has earmarked up to 200,000 places for temporary residents already in Canada, while its latest Immigration Levels Plan sets a target of up to 422,000 new permanent resident admissions in 2027.
Indian GCCs set to add 35k jobs in 2027
ANSR expects these jobs – ranging from 30,000 to 35,000 - to be added by 160-175 new greenfield GCCs amid an increasing number of inquiries from US mid-sized companies. The caveat emptor: Experts say this interest is yet to translate into plans for large-scale relocation of jobs from the US.
US proposes space launch rule changes in potential boost for SpaceX
The FAA said it was proposing changes to definitions of when a flight abort is not mandatory and to clarify requirements and thresholds for when an abort - the early end of a launch or mission because of a problem - must occur. The FAA is proposing to revise rules for spacecraft breaking up as they fall to Earth and how space companies calculate the risks of falling space debris from those vehicles hitting people on the ground.
US weekly jobless claims at 57-year lows amid low layoffs
Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, the Labor Department said on Thursday. Economists polled by Reuters had forecast 196,000 claims for the latest week.
68.4% respondents in survey plan job change in 2027; half seek 31%-plus pay hike: Survey
According to a recent survey, 68.4 percent of Indian professionals are planning to explore new job opportunities in 2027. Career growth is identified as the primary motivation for changing jobs, with high salary expectations influencing decisions as well. The report highlights that most professionals feel confident about their job prospects in the evolving job market. Many are actively engaged in upskilling, especially in AI.
AI, data, cybersecurity lead tech hiring with 30.3% share in September quarter
In India, the demand for roles in AI, data, and cybersecurity within Global Capability Centers (GCCs) has surged, even amid a slight overall hiring decline. AI and data professional roles saw a 14% increase quarter-on-quarter, while cybersecurity positions grew by 12%. Notably, tier-2 cities like Coimbatore achieved a remarkable 30% growth. By 2030, the GCC workforce in India is projected to reach between 2.7 and 2.8 million.
NASA space telescope plunges to Earth after two decades studying cosmic explosions
NASA's Swift Observatory has reentered Earth's atmosphere after more than two decades of effective research. Its mission, which began in 2004, far exceeded initial expectations by lasting 11 times longer than planned. A recent attempt to boost its orbit failed due to complications with a private rescue mission. Meanwhile, NASA is exploring options to save the Hubble Space Telescope, set to fall in the mid-2030s.
He promised his 3-year-old son a castle in 1978. Decades later, he built Highlands Castle on a New York mountaintop
A promise made to his three-year-old son in 1978 led John Lavender II to buy a mountaintop in New York and spend decades building Highlands Castle. With help from family, friends and workers, he turned the property into a castle overlooking Lake George, which now welcomes guests.
JD Vance points to certain key reasons as to why Republicans lost the midterms but not everyone is buying it, here's how people are reacting to his post
JD Vance, the Vice President, articulated that the tensions involving Iran were a major factor in the financial setbacks for Republicans. He observed that a segment of former Trump loyalists has shifted their allegiance to Democrats during the midterms, driven largely by economic anxieties, especially regarding the escalating cost of living.
Peppermint Robotics raises Rs 100 crore led by pi Ventures, Crane Venture Partners
The company was founded in 2019 by Runal Dahiwade, and has raised Rs 150 crore to date. It also develops autonomous robots for material transportation and operates in nine countries. The US is its largest market, followed by India and western Europe, Dahiwade, who’s also the CEO, told ET.
Four UK universities in India offer early recruitment access to 250 postgraduate students graduating in 2027
Four UK universities operating campuses in India are scheduling a placement week for postgraduate student recruitment. This initiative allows employers to interview candidates before graduation and streamline hiring processes. Students participating have an average of 2.4 to three years of work experience across multiple industries.
From enterprises to SMBs: How Flashfox AI plans to change the hiring game
GetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Southeast Asia and the Middle East.
Vultr eyes 1 GW India capacity by 2029
Further, the company said it has hired more than 100 people in India over the past three months and plans thousands of additional hires in network engineering and operations by March. It also added that the Chennai workforce could eventually reach 5,000 as the facility becomes operational and services expand.
HSBC to open Hong Kong AI Institute following Singapore launch
The AI unit will work with Hong Kong University of Science and Technology as its anchor academic partner, Elhedery said, though he did not disclose headcount details.
Dubai in Transit: The megalopolis is trying to shake off nightmarish war months, but caution remains in the air
Dubai is struggling to regain business momentum eight months after Iranian missile strikes disrupted tourism, real estate and other sectors. While tourist arrivals and hotel occupancy have recovered from their March lows, the recovery has stalled amid renewed regional tensions.
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