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Bitcoinist

21h

Image Credit: Bitcoinist

Elon Musk’s Shocking Dogecoin Announcement Sends Shivers Through Community As Price Tumbles

Elon Musk clarified the distinction between the Department of Government Efficiency (D.O.G.E.) and Dogecoin, leading to a decline in Dogecoin's price.
During a town hall, Musk explained that the D.O.G.E. department is unrelated to Dogecoin and will not integrate any cryptocurrency into its operations.
Speculation about the D.O.G.E. agency boosting Dogecoin adoption and use cases was dismissed by Musk's comments.
Dogecoin's price has been adversely affected by the news, with traders reacting strongly and the coin currently trading at $0.168.

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1.1k reads

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Appleinsider

21h

Epic Games head Tim Sweeney criticizes Apple, calls it a 'gangster-style' business

Tim Sweeney, the CEO of Epic Games, criticizes Apple calling it a 'gangster-style' business.
Sweeney believes that Apple gains revenue from an 'illegal practice.'
The long legal battles between Epic Games and Apple over In-App Purchasing and the App Store sparked outcry.
Despite losing the fight, an injunction forced Apple to enable external purchase mechanisms for iOS apps.

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921 reads

Inc42

21h

Pratilipi Bags $20 Mn Funding To Introduce Vertical Drama, Expand US Presence

Indian self-publishing platform Pratilipi has raised $20m in a Series E funding round.
The funds will be used to develop new storytelling formats, such as animation and vertical drama shows, as well as to expand the company's presence in the US market.
Pratilipi plans to cater to both the Indian diaspora and the native population of the US, targeting a more mature audience compared to competitors like Wattpad.
The company is also considering a potential IPO in early 2023 and has already held talks with bankers.

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1.5k reads

Yourstory

21h

We need to build our own AI solutions: Shailesh Davey, CEO, Zoho Corp

Zoho Corp is making strides in AI development with two foundational models set to launch before year-end, under the leadership of CEO Shailesh Davey.
With a focus on AI-driven automation and right-sized solutions, Zoho is embracing change and investing in AI agents for the future.
The company is venturing into AI infrastructure, investing around $20 million over two years, emphasizing the need to build expertise strategically.
Zoho aims to build indigenous foundational models to address the evolving AI landscape in India, focusing on efficiency and resource constraints.
Shailesh Davey highlights Zoho's approach in training Language Models (LLMs) in resource-constrained environments for effective problem-solving.
AI is playing a significant role in ManageEngine's growth, particularly in IT security, where AI excels at identifying anomalies and enhancing security measures.
Zoho's adaptability to industry shifts and willingness to embrace change sets it apart, highlighting the importance of evolving offerings in the era of AI.
Davey emphasizes the need for companies to build their own AI solutions, tailoring them to specific contexts and capabilities, rather than solely relying on large-scale models.
Zoho's innovative projects include right-sizing AI models, focusing on customer use cases, and training LLMs in environments with limited data availability.
The company's investment in AI infrastructure is not just about budget but also about enhancing understanding and expertise in the AI domain for future growth and innovation.
Shailesh Davey's leadership at Zoho involves observing, learning, and adapting to the rapidly evolving AI landscape, emphasizing the importance of distributed responsibilities for effective AI initiatives.

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1.7k reads

The Register

21h

Wikipedia's overlords bemoan AI bot bandwidth burden

Web-scraping bots scraping Wikimedia Commons are causing a bandwidth burden for Wikimedia Foundation since January 2024.
Bots are generating a significant amount of traffic for Wikimedia, affecting costs and risks.
65% of traffic for expensive content is from bots, even though they represent only 35% of page views.
Wikimedia Foundation's caching system leads bots to fetch less popular content from core data centers.
The issue of ill-behaved bots has been a common concern among open-source projects.
Websites face challenges with AI bots consuming content for training models, potentially becoming competitors.
Wikimedia aims to reduce scraper traffic by 20% in request rate and 30% in bandwidth.
Efforts are being made to favor human consumption over AI bots in content scraping.
Various tools like Glaze and Anubis have emerged to thwart aggressive AI crawlers.
Despite measures like robots.txt directives, misbehaving bots evade blocks by posing as trusted crawlers.

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1.3k reads

Inc42

21h

Inside MakeMyTrip’s GenAI Play — How The Travel Giant Has Revamped Itself For The AI Age

MakeMyTrip has launched a GenAI-powered feature, Collections, to enhance hotel and homestay discovery using AI and deep traveller insights.
The travel giant has focused on personalizing user experience amidst the GenAI trend, relearning strategies with AI over a decade of experience.
MakeMyTrip's Group CTO, Sanjay Mohan, highlights the challenge of AI talent shortage but mentions continual team training to stay ahead.
The company's adoption of GenAI began two years ago, leveraging off-the-shelf language models for analysis, synthesis, and translation.
AI was first utilized for personalization, creating features like zero cancellation fee and price lock to enhance user experience.
The use of GenAI models extended to email communication, content synthesis, and multilingual interactions for flight bookings.
MakeMyTrip has streamlined processes using AI for internal monitoring, setting thresholds, and automating alerts based on business metrics.
Training datasets costs have significantly reduced over the years with GenAI adoption and enhanced data pipeline efficiency.
MakeMyTrip tackled AI talent shortage through upskilling existing staff and hiring new talent for specific business lines.
The company's AI models and data are crucial competitive assets, ensuring data safety with anonymisation and strict data protection measures.

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1.6k reads

Siliconangle

21h

Image Credit: Siliconangle

Penguin Solutions beats estimates and raises guidance on growing AI infrastructure demand

Penguin Solutions Inc. reported strong earnings and revenue beat, leading to an increase in its full-year outlook.
The company's earnings per share of 52 cents surpassed the consensus estimate of 35 cents, and its revenue of $365.5 million exceeded the analyst target of $344.4 million.
Penguin Solutions provides AI infrastructure management services to hyperscale data center operators and Fortune 500 companies, focusing exclusively on AI.
The company's offerings, such as the ICE ClusterWare software platform, automate the management of AI infrastructure and optimize compute environments.

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2.4k reads

The Register

21h

OpenAI wants to bend copyright rules. Study suggests it isn’t waiting for permission

OpenAI is accused of using copyrighted material without permission to train its GPT-4o model, denying any wrongdoing.
A study by Tim O'Reilly and others analyzed whether OpenAI's model was trained on 34 copyrighted O'Reilly Media books.
OpenAI's model performed well in identifying verbatim passages, indicating potential training on the copyrighted texts.
The study highlighted the increased use of non-public data in OpenAI's model pre-training over time.
The authors emphasized the need for transparency in AI content training to develop formal licensing frameworks.
AI companies like OpenAI are urged to compensate content creators fairly to maintain internet content quality and diversity.
OpenAI has sought relaxation of copyright restrictions to ease AI model training but faces backlash on copyright infringement.
Major tech players are moving towards content licensing agreements over web scraping for AI model training.
Cloudflare introduced AI to combat scrapers violating copyright by leading them into decoy pages to protect real content.
OpenAI's actions and the push for unfettered data access are raising concerns about copyright infringement in the tech industry.

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2.6k reads

TronWeekly

21h

PayPal Adds Solana and Chainlink to its Digital Assets Offering, Boosting Crypto Adoption

PayPal has expanded its cryptocurrency services by providing Solana (SOL) and Chainlink (LINK) support to U.S. customers.
The integration of Solana and Chainlink by PayPal demonstrates a solution to rising client interest in multiple blockchain technologies and digital assets.
The addition of Solana and Chainlink extends PayPal's crypto offerings and improves digital finance through compatibility with Web3.
Users can benefit by acquiring additional crypto options and managing them within the platform, while the broader crypto community gains legitimacy and increased growth.

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5.5k reads

Bloomberg Quint

21h

Trump Tariff Impact: ITC, Raymond, Tata Motors, Sona BLW, Welspun Among Stocks That Could Take Revenue Hit

India faces reciprocal tariffs announced by US President Donald Trump.
Potential loss of $31 billion in India's exports to the US.
Auto and auto ancillary sectors, textile, chemical, seafood, and consumer goods sectors are at risk.
Companies such as Sona BLW, Himatsingka Seide, ITC, and Raymond may be impacted.

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12.5k reads

Insider

Microsoft is a clear winner from ChatGPT's super-viral Ghibli images, analysts say

OpenAI's ChatGPT-4o, an upgraded image generator, has led to a surge in users and increased its valuation.
Microsoft, a major investor in OpenAI, stands to benefit from the spike in ChatGPT users, driving revenue growth for OpenAI.
OpenAI's recent $40 billion funding round, which raised its valuation to $300 billion, is seen as advantageous to Microsoft.
Producers of graphic processing units, such as Nvidia, AMD, and Intel, are also expected to benefit from the Ghibli image creation trend.

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1.4k reads

Gizchina

Microsoft 365 Copilot Enhances Photo Upload Process

The process of transferring images between mobile devices and PCs is now easier with a new upgrade for Microsoft 365 Copilot.
Users can easily upload or capture photos directly from their Android or iOS mobile devices to Microsoft 365 Copilot on their computers.
To use this feature, open a file in any Microsoft 365 app, click the Copilot button, and select 'Upload from mobile phone'.
This feature is currently limited to Microsoft 365 apps for Windows and web versions and requires an enterprise-grade Copilot license.

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2.9k reads

Inc42

Swiggy Gets INR 158 Cr Demand Notice From Income Tax Dept

Foodtech major Swiggy has received a tax demand notice of INR 158.25 Cr from the Income Tax Department.
The demand notice is for alleged wrongful deductions and non-payment of tax on interest income.
Swiggy believes it has strong arguments against the order and is taking necessary steps to protect its interests.
This is not the first tax notice received by Swiggy, as the company has previously faced similar demands.

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870 reads

HRKatha

Image Credit: HRKatha

Did Zomato’s ZAAP force 500 employees to resign? Is Nugget taking over?

Zomato has laid off around 500 employees as a result of its in-house customer-support platform, Nugget, which is powered by AI.
Nugget is capable of handling 15 million customer interactions per month and can solve up to 80% of customer queries, reducing the need for human intervention.
The impacted employees were reportedly forced to resign, leaving them surprised and without any prior indication of the layoff.
Employees were informed of the layoff through Slack and were given two months' salary as severance, without any mention of notice period.

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2k reads

Bloomberg Quint

Retail Stocks Surge Amid Strong Q4-FY25 Business Update

V2 Retail recorded a 69% standalone revenue growth in Q4FY25, driven by same-store sales growth of 24% year-on-year and a substantial increase in sales per square foot. Baazar Style showcased an impressive performance with revenue soaring by 55% in Q4FY25 and V-Mart Retail reported a 17% year-on-year increase in total Q4 sales.
V2 Retail added 29 new stores, achieving revenue growth of 62% and same-store sales growth of 29% in the full year. Baazar Style added 15 new stores, achieving revenue growth of 38% and a 12% boost in sales per square foot in FY25. V-Mart Retail added 13 new stores and closed 4 stores to optimize operations.

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5.1k reads

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