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How India’s engineers have permeated tech in America

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3 years ago

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How India’s engineers have permeated tech in America

In the context of Parag Agrawal’s promotion from CTO to CEO of Twitter, Musk’s response sounds intuitive. Moreover, YourStory also noticed the CEOs of the Indian-born global technology industry.

But as YourStory has explored and discovered, India’s contribution to global engineering is subconscious. It is found in all parts of the world’s fastest growing software product company.

First of all, Patrick Collison’s observation of Indian engineering is based on Stripe’s actual experience.

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Earlier this year, Indian Institute of Technology (IIT) Indian Institute of Technology (IIT) graduate Jayanta Dey joined Stripe to lead its engineering and reliability business continuity architecture.

In October, Stripe acquired Recko, a Bangalore startup that develops payment and reconciliation software for Internet businesses. In addition, Vishnu Challam, director of engineering for Stripe Asia Pacific, and Madhu Kavikondala, director of engineering business applications, are also from India. Both joined Stripe in August this year.

Last month, after five years at the SaaS company Zendesk, KT Prasad joined Stripe to lead its India center.

Prasad’s predecessor in Bangalore, Anand Balaji, is a graduate of the National Institute of Technology-Tiruchirappalli. He led Stripe India for five years. In April, Anand and Stripe alumnus Ashwin Bhatnagar co-founded XFlow Payments, and Stripe is already an investor.

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In fact, Stripe has an engineering research and development center in India. It acquired a start-up company from here, and began to invest in emerging start-up companies to support the best products and engineering talent.

For most new-age companies and global unicorns, setting up a development center in India is now a breeze.

Lalit Ahuja, founder and CEO of ANSR, who helped foreign companies set up R&D centers in India, said: “The shortage of talent in the home market of global companies is driving demand for India as these companies are racing to enter the market faster. India.
According to his estimates, at least 50 New Era companies are setting up R&D centers in India.

In the first year, the goal of each project is usually to hire 75 to 100 engineers, increase the number to a steady state of 150 in the second year, and then increase by 10 each year.

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“These product companies did not outsource as an option because they are doing product development and core strategy work,” Lalit explained. “The only way they can do business globally is through their own R&D centers.”

Compete News Source : Yourstory

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Business

OpenAI buys new domain chat.com for over $15 million, it redirects to ChatGPT

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3 months ago

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November 7, 2024

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OpenAI buys new domain chat.com for over million, it redirects to ChatGPT

The previous owner of the domain turned out to be Dharmesh Shah, founder and CTO of software company HubSpot

OpenAI has bought the domain chat.com. Clicking on it automatically routes you to the ChatGPT website.The AI giant’s CEO Sam Altman announced this on Thursday, November 7, 2024, by simply posting the URL on X (Formerly Twitter) without any description or reasoning.

Altman’s post has already gotten over 3 million views and nearly 15k likes. The domain purchase is likely part of a rebranding effort.

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The domain’s previous owner turned out to be Dharmesh Shah, founder and CTO of software company HubSpot. Shah announced this in posts on X and LinkedIn.

Also Read: Elon Musk’s net worth surges by $26.5 billion after Donald Trump wins US election; Bezos, Ellison, Buffett follow suit

In his post, he detailed how he had purchased the domain for $15.5 million earlier this year and sold it later to an undisclosed (at that time) buyer.

“Well, in an 8 character tweet (talk about brevity), Sam Altman, the CEO of OpenAI revealed that they were the buyer,” he wrote. ”If you visit the website now, it goes to ChatGPT.” Shah wrote he was not at liberty at that time to share who the acquirer was as he was “going to leave that to them, when they were ready.”

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He then went on to share GPT o1 prompt which reasoned the entire episode. “When he does sell a domain, it’s almost never at a loss,” and “Dharmesh doesn’t like profiting off of people he considers friends,” the prompt read, which could mean he did sell it for more than the $15.5 million he bought it for, since it also says he doesn’t like referring to himself in the third person.

However, its also indicated he got compensated in OpenAI shares since the prompt reads that he “always wanted to own OpenAI shares,” that “he doesn’t need the cash from a domain sale,” and that “he made a non-humble brag earlier this year that he’s now an investor in OpenAI.”

OpenAI has made headlines by acquiring the premium domain chat.com for a staggering sum reportedly exceeding $15 million. The move marks a strategic step by the AI giant, further solidifying its brand presence and making its flagship product, ChatGPT, even more accessible to users. The newly acquired domain now redirects to ChatGPT, streamlining access for millions of users worldwide.

Chat.com is one of the most coveted domain names, thanks to its simplicity and universal appeal. By securing this domain, OpenAI demonstrates its commitment to enhancing user experience and expanding its reach. The investment is seen as a bold move, indicating OpenAI’s confidence in the future of conversational AI.

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The acquisition of such a high-value domain reflects the increasing demand and competition in the AI-driven household name, redirecting from a memorable domain like chat.com is expected to boost traffic, improve brand recognition, and make the service more approachable to new users.

OpenAI has bought the domain chat.com. Clicking on it automatically routes you to the ChatGPT website.The AI giant’s CEO Sam Altman announced this on Thursday, November 7, 2024, by simply posting the URL on X (Formerly Twitter) without any description or reasoning.

Industry experts have lauded the decision as a smart branding strategy, underlining the importance of easy access in today’s digital-firs development highlights OpenAI’s mission to lead in AI innovation while ensuring usability and accessibility remain at the forefront.

#OpenAI #ChatGPT #ChatDotCom #DomainAcquisition #TechNews #AIInnovation #DigitalTransformation #ChatGPTUpdates #FutureOfAI #TechInvestments

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