<ul><li>The Swiss government hastily arranged the takeover of Credit Suisse by UBS on March 19 to prevent a global financial meltdown.</li><li>The merger could result in up to 36,000 job cuts worldwide, with up to 11,000 in Switzerland alone.</li><li>UBS announced the appointment of former CEO Sergio Ermotti to handle the risks involved in the merger.</li><li>Credit Suisse was embroiled in a series of scandals before the merger, including the bankruptcy of Greensill and the implosion of Archegos, a bribery scandal in Mozambique, and a money laundering case linked to a Bulgarian cocaine network.</li></ul>

UBS-Credit Suisse merger to result in up to 36,000 job cuts worldwide: Reports

<ul><li>Meta plans to let European Facebook and Instagram users opt-out of user tracking for targeted ads.</li><li>Google's new chatbot, Bard, is under fire for allegedly using training data from OpenAI's ChatGPT and for being inaccurate.</li><li>Meta has allegedly brought in a DJ to play music in its Menlo Park campus cafe to encourage people to return to its California headquarters.</li><li>The trend of remote work is declining as US employers push for on-site productivity, with 72.5% of businesses reporting little to no remote work in 2021.</li><li>Midjourney, an AI image generator, has stopped offering free trials of its service after its generated images went viral.</li></ul>

Techminis Daily News Wrap: 31st March 2023 🔥

<ul><li>India's startup ecosystem has not seen a new unicorn in the last six months, according to a report by Moneycontrol.</li><li>This marks the longest period of time in seven years that the sector has gone without a new startup valued at $1 billion or more.</li><li>The last Indian startup to achieve unicorn status was Molbio Diagnostics in September 2022.</li></ul>

Indian startup ecosystem sees no new unicorn in 6 months, a first in 7 yrs: Report

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UBS-Credit Suisse merger to result in up to 36,000 job cuts worldwide: Reports

Indian startup ecosystem sees no new unicorn in 6 months, a first in 7 yrs: Report

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