Oculus VR founder Palmer Luckey, whose startup was bought by the social media giant for about $2 billion in 2014 when he was 21, did not dispute that he used software developed by ZeniMax Media Inc to show the prototype for his headset to investors in a California hotel room two years earlier.
After industrial robots and international trade put paid to many manufacturing jobs in the West, millions of white-collar workers could now be under threat from new technology such as artificial intelligence (AI).
The issue of how best to face up to this “Fourth Industrial Revolution” has been exercising politicians and business leaders this week at the World Economic Forum in the Swiss Alpine town of Davos.
The wealth of the world’s poorest 3.6 billion people is the equivalent to the combined net worth of six American businessmen, one from Spain and another from Mexico. Picked from Forbes’ billionaires list, they include Microsoft founder Bill Gates, Mark Zuckerberg who co-founded Facebook, and Jeff Bezos, founder of Amazon.
Congressman Ro Khanna representing Silicon Valley has been nominated to the powerful House budget committee, while Congresswoman Pramila Jayapal, elected to the House of Representatives from Seattle, would serve on yet another powerful House judiciary committee.
UML Motorcycles, a joint venture between Florida (US)-based UM International & Lohia Auto, is offering products that have changed the dynamics of transportation and riding in India. These include three models from the Renegade range of cruiser motorcycles. The company, which has invested nearly Rs 200 crore in its Indian manufacturing facility, has kept aside Rs 100 crore for its future expansion plans in the country. Globally, UM International has more than 1,500 stores in over 30 countries across the US, Asia, Africa and Europe.
An engineering (mechanical) graduate and MBA (HR) by training, Ashutosh Mishra is well versed with the nuances of HR practices along with production, engineering and operations. With over 24 years experience in HR functions, having served large companies like Raymonds, Larsen and Toubro, JK Tyre, Haier and Electrolux Kelvinator, he is now responsible for all HR disciplines at DishTV, aimed at sustaining healthy people and employee relationships.