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How startups should budget in uncertain times 

TechCrunch

On a good week, I might have had some sushi on Friday night and if I’d managed to come in under budget somehow (someone’s parents bought dinner) I could maybe splurge again on Saturday with friends. Startup budgeting looks a bit like that now. How can we budget through this? Visit your budget each quarter. How do we know?

Budget 221
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Google Cloud growth slows as Alphabet net income plunges

CIO

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

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UK Spring Budget: Government trumpets improved tax relief scheme for ‘R&D-intensive SMEs’

TechCrunch

’s Spring Budget, where Hunt revealed a number of investments into the technology sector, including plans for a £1 million annual AI prize, quantum investments, and a new £900 million ‘exascale’ computer. If they can include that in definitions, it could provide a boost both to our innovation and net-zero objectives.”

Budget 161
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO

One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV. Quantifying tangible benefits such as cost savings, productivity improvements, and top-line growth is relatively straightforward.

Survey 319
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Indian edtech giant Byju’s cuts 2,500 jobs

TechCrunch

Indian edtech giant Byju’s said on Wednesday it will eliminate 5% of its workforce, or about 2,500 roles, across multiple departments and is cutting its marketing budgets as it looks to improve its finances and achieve profitability by end of the current financial year. The startup, which posted a net loss of $577.4

.Net 228
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2023 will bring crisper methods for evaluating startup success

TechCrunch

In a difficult budget environment, high gross retention rates can be a strong signal that customers love your products and get real value from them. In a difficult budget environment, high gross retention rates can be a strong signal that customers love your products and get real value from them.

Budget 260
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11 ways to reduce your IT costs now

CIO

The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” The need to reorient IT’s budget toward future opportunities is one big reason CIOs are reviewing their IT portfolios now. But it’s not the only one.