Here are the top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on.
Tesla loses a top executive in India amid feud with Modi Government
Tesla’s dream to enter the Indian market has hit yet another roadblock. That’s because Elon Musk’s company has lost one of its top executives in India. The name of this top executive is Manuj Khurana. Khurana, who was hired by Tesla to lobby with the Indian government, reportedly resigned due to growing uncertainty over Tesla’s entry into the Indian market. This uncertainty is mainly due to Elon Musk’s refusal to accept the Indian government’s tough condition. According to this tough condition, Tesla won’t be allowed to sell cars in India until it sets up a manufacturing plant in India.
Binance says that it is least worried about the bloodbath in the Global crypto market
Binance, which is the world’s largest cryptocurrency exchange, has said that it is not at all bothered about the ongoing crash in the crypto market. Binance’s CEO has said that the company has enough money in the bank to weather the ongoing storm in the crypto market. He even said that the company even ambitious plans for making acquisitions and go for fresh hirings. However, other crypto companies are not as fortunate as Binance. Coinbase, another major cryptocurrency exchange, has just announced that it will layoff nearly 1,000 employees to reduce its operational cost.
Mukesh Ambani’s Streaming ambition gets IPL boost
Mukesh Ambani’s media company Viacom 18 has scored a major victory in the IPL bidding war. This after his company won the digital streaming rights for the IPL matches for the next five years for a whopping $2.5 Bn. This, by the way, spells great news for Ambani’s streaming ambition. India’s richest man has apparently become very serious about the streaming business. If grapevines are to be believed, Ambani has serious plans to give tough competition to big streaming players like Netflix & Amazon Prime in the coming years. And now with IPL on his side, Ambani has got a major shot in the arm for his IPL ambition.
Netflix is turning Squid Game into reality show
Netflix’s global hit series Squid Game is all set to turn into a reality show. This reality show will be known as Squid Game: The Challenge. But the streaming giant still hasn’t announced the exact release date of this soon to be launched reality show. Squid Game, which is a South Korean survival drama, was released in September last year. It instantly became a global sensation. With over 1 Bn views, it is by far Netflix’s most watched series. By the way, Squid Games series also has a big fan following in India as well.
Google backed ‘Nothing’ will make ‘make-in-India’ phones
OnePlus co-founder Carl Pie’s company Nothing is all set to launch its first ever smartphone in India & other markets on July 12. But more importantly, this phone will be made locally in India. This has been confirmed by Manu Sharma, the Vice President of Nothing India. However, it is still not known where exactly will Nothing set up its manufacturing plant. Notably, Nothing’s soon to be launched smartphone is one of the most anticipated smartphones of this year. One of the main reasons for this huge expectation is Carl Pie, the founder & CEO of Nothing. Pie is widely considered as the Steve Job of the smartphone industry. Pie also played a critical role in OnePlus’ global success.