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Uber cuts 600 jobs in India as lockdown hits business

Uber Technologies Inc will cut around 600 jobs in India as part of its plans to cut 23 per cent of its global workforce, as the company navigates a lockdown that has brought businesses in the country to a grinding halt.

Last week, Uber said it would focus on its core businesses of ride-hailing and food delivery, and cut staffing by more than a third globally in an attempt to become profitable despite the coronavirus pandemic.


"The impact of Covid-19 and the unpredictable nature of the recovery has left Uber IndiaSA with no choice but to reduce the size of its workforce," Uber India and South Asia president Pradeep Parameswaran said.

The company's rival in India, SoftBank Group-backed Ola said last week it would cut abut 1,400 jobs as a lockdown brought down revenue by 95 per cent in the last couple of months.

Both Ola and Uber's business came to a halt in late March as India enforced a countrywide lockdown to contain the spread of the virus. The government has since lifted some restrictions, but companies across the board face challenges as demand for their services have dropped.

Uber employed around 2,400-2,500 employees before Tuesday's job cuts were announced.

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Anthropic CEO

Anthropic has raised $65 billion (£48 billion) in fresh funding

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Anthropic overtakes OpenAI to become world's most valuable AI startup

  • Anthropic has raised $65 billion (£48 billion) in fresh funding.
  • The deal values the Claude developer at $965 billion (£714 billion).
  • The funding round places Anthropic ahead of OpenAI in the race for investor backing.

Anthropic, the company behind the Claude chatbot, has raised $65 billion (£48 billion) in fresh funding, pushing its valuation to $965 billion (£714 billion) and placing it ahead of rival OpenAI in the battle to become the world's most valuable artificial intelligence startup.

The funding round is the latest sign that investors remain willing to pour vast sums into AI companies despite growing concerns over regulation, safety and the long-term impact of the technology. It also reflects Anthropic's rapid rise from a relatively smaller player in the AI sector to one of the industry's most influential companies.

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