Elon Musk ropes in Indian-origin technology executive as he implements changes in Twitter
New York (PTI): Sriram Krishnan, an Indian-origin technology executive, is helping out Twitter's new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.
Krishnan is a general partner at Silicon Valley venture capital firm Andreessen Horowitz (a16z).
Now that the word is out: I'm helping out @elonmusk with Twitter temporarily with some other great people. I (and a16z) believe this is a hugely important company and can have a great impact on the world and Elon is the person to make it happen, Krishnan tweeted.
Krishnan added that he is still very much in my day job at @a16zcrypto. If you're a crypto founder, you know how to find me!
According to his profile on Andreessen Horowitz's website, Krishnan invests in early-stage consumer startups and serves on the boards of companies Bitski, Hopin, and Polywork.
Prior to joining a16z, Krishnan held numerous senior product roles and most recently, he led core consumer teams at Twitter where he was responsible for products including the home timeline, new user experience, search, discovery, and audience growth , his profile said.
Previously, he created and oversaw various mobile ad products for Snap and Facebook, including Snap's Direct Response ads business and the Facebook Audience Network, one of the largest networks in display advertising, his profile said. Krishnan started his career at Microsoft where he touched numerous projects related to Windows Azure.
Author of "Programming Windows Azure" published by O'Reilly, he also co-hosts with his wife Aarthi Ramamurthy The Good Time Show' on Clubhouse, a nightly show through which they interview innovators around tech and culture.
He is an alumnus of SRM Engineering College, Anna University where he did his Bachelor of Technology (B.Tech) in Information Technology, according to his LinkedIn profile.
Last week, Musk completed the USD 44 billion acquisition of Twitter and ousted chief executive Parag Agrawal, legal executive Vijaya Gadde, Chief Financial Officer Ned Segal and General Counsel Sean Edgett.
The New York Times reported that Musk planned to begin laying off workers at Twitter. Citing people with knowledge of the situation, the report said that some managers were being asked to "draw up lists of employees to cut.
There are also media reports that Twitter might soon begin charging about 20 dollars for verification - the blue check mark next to the user's name that authenticates accounts. Musk tweeted that the whole verification process is being revamped right now.
PS. Still very much in my day job at @a16zcrypto 🙂. If you’re a crypto founder, you know how to find me!
— Sriram Krishnan - sriramk.eth (@sriramk) October 30, 2022
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Karnataka offers extensive incentives in its proposed IT policy
Bengaluru (PTI): Karnataka has proposed a new Information Technology Policy for 2025–2030, offering extensive financial and non-financial incentives aimed at accelerating investments, strengthening innovation and expanding the state's tech footprint beyond Bengaluru.
The Karnataka Cabinet gave its nod to the policy 2025–2030 with an outlay of Rs 445.50 crore on Thursday after the Finance Department accorded its approval.
The policy introduces 16 incentives across five enabler categories, nine of which are entirely new, with a distinctive push to support companies setting up or expanding in emerging cities.
Alongside financial support, the government is also offering labour-law relaxations, round-the-clock operational permissions and industry-ready human capital programmes to make Karnataka a globally competitive 'AI-native' destination.
According to the policy, units located outside Bengaluru will gain access to a wide suite of benefits, including research and development and IP creation incentives, internship reimbursements, talent relocation support and recruitment assistance.
The benefits also include EPF reimbursement, faculty development support, rental assistance, certification subsidies, electricity tariff rebates, property tax reimbursement, telecom infrastructure support, and assistance for events and conferences.
Bengaluru Urban will receive a focused set of six research and development and talent-oriented incentives, while Indian Global Capability Centres (GCCs) operating in the state will be brought under the incentive net.
Incentive caps and eligibility thresholds have been raised, and the policy prioritises growth-focused investments for both new and expanding units.
Beyond incentives, the government focuses on infrastructure and innovation interventions.
A flagship proposal in the policy is the creation of Techniverse -- integrated, technology-enabled enclaves developed through a public-private partnership model inside future Global Innovation Districts.
These campuses will offer plug-and-play facilities, artificial intelligence and machine learning and cybersecurity labs, advanced testbeds, experience centres, and disaster-resistant command centres.
There will also be a Statewide Digital Hub Grid and a Global Test Bed Infrastructure Network, linking public and private research and development, and innovation facilities across Karnataka.
The government has proposed a Women Global Tech Missions Fellowship for 1,000 mid-career women technologists, an IT Talent Return Programme to absorb experienced professionals returning from abroad, and broad-based skill and faculty development reimbursements.
Shared corporate transport routes in Bengaluru and tier-two cities will be designed with Bengaluru Metropolitan Transport Corporation and other transport entities to support worker mobility.
The government said the policy is the outcome of an extensive research and consultation process involving TCS, Infosys, Wipro, IBM, HCL, Tech Mahindra, Cognizant, HP, Google, Accenture and NASSCOM, along with sector experts and stakeholder groups.
It estimates an outlay of Rs 967.12 crore over five years, comprising Rs 754.62 crore for incentives and Rs 212.50 crore for interventions such as Techniverse campuses, digital grid development, global outreach missions and talent programmes.
