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HT Tech

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This startup funded by Mukesh Ambani plans to launch humanoid robot in India in 2025

Noida-based startup Addverb Technologies, supported by Reliance Industries, plans to launch an advanced humanoid robot in India by 2025.
The AI-powered robot will offer capabilities to process vision, audio, and touch inputs, manage complex tasks, and adapt to diverse workflows.
Addverb will work closely with Reliance to leverage its technologies like Jio AI Platform and 5G services in building the humanoid robot.
The initiative aligns with the Make in India vision and aims to boost humanoid robot density in India while supporting global adoption of this technology.

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2.2k reads

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After Zepto, Blinkit will also deliver Decathlon products in just 10 minutes

France-based sporting goods retailer Decathlon has partnered with Zomato-owned Blinkit to deliver products within just 10 minutes.
The partnership aims to bring sports equipment, gym gear, winter essentials, yoga supplies, travel bags, and apparel for men and women to customers across various cities in India.
CEO Albinder Dhindsa announced the partnership on social media platform X, stating that customers from various cities can enjoy the convenience of quick delivery.
Decathlon's partnership with Blinkit follows their previous collaboration with Zepto to offer 10-minutes delivery of sports equipment and other items.

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3.3k reads

Yourstory

PhonePe becomes the Top-Rated app on the Apple App Store in India

PhonePe becomes the top-rated app on the Apple App Store in India.
PhonePe achieves 6.4 million ratings on the Apple App Store with an average rating of 4.7 stars.
PhonePe surpasses YouTube, Instagram, and WhatsApp to become the highest-rated app in terms of volume of ratings.
PhonePe's success attributed to superior user interface, transaction success rates, speed, and user preference.

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4.1k reads

Bloomberg Quint

'Join Us For...': Jaguar Responds To Elon Musk Mocking Its New Logo

Jaguar has responded to Elon Musk mocking its new logo with a humorous reply.
Jaguar revealed its new logo in an advertisement that did not feature any of its luxury vehicles.
Elon Musk commented on the ad, asking if Jaguar sells cars.
Jaguar replied to Elon Musk with a witty response, inviting him for a meeting.

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9.8k reads

HinduBusinessLine

12h

UST announces investment in Mumbai-based Uniqus Consultech in Series B funding round

UST has announced its investment in Mumbai-based Uniqus Consultech in the Series B funding round.
The investment will lay the foundation for collaboration between UST and Uniqus.
The alliance aims to combine functional knowledge and technology capabilities to help clients solve business challenges.
UST will leverage Uniqus' expertise in finance, risk, and sustainability to provide comprehensive digital solutions.

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2.3k reads

Inc42

12h

Technical Glitches On UPI Have Fallen Below 1%

The decline rate for UPI transactions due to technical issues has reduced to 0.8% from around 10% in 2016.
India's payments ecosystem is considering migrating low-ticket transactions to UPI Lite.
The Reserve Bank of India increased the cap on transactions processed on UPI 123Pay to INR 10,000 from INR 5,000.
NPCI International is exploring partnerships with 10 countries to further push India's UPI and RuPay stack.

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2.9k reads

Medium

12h

Image Credit: Medium

The Future of Work: How Humans will Outlast AI as the Ultimate Advantage

The future of work will be defined by creativity, connection, and judgment, with humans leveraging AI to enhance their impact.
AI is taking over repetitive tasks, leaving humans with high-touch, high-impact work that can't be automated.
As AI handles behind-the-scenes tasks, the demand for real, unscripted human interaction will increase.
Humans and AI collaborating will result in superhuman performance and enable one-person companies to reach billion-dollar valuations.

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3.6k reads

TechJuice

12h

ANI Sues OpenAI for Alleged Unauthorized Use of Published Content in AI Training

Indian news agency ANI has filed a lawsuit against OpenAI for unauthorized use of its published content to train the ChatGPT AI chatbot.
The court hearing took place at the New Delhi High Court, where OpenAI was directed to respond to ANI's allegations.
ANI claims that ChatGPT removed fabricated news stories published under their media outlet, but their content remains embedded in ChatGPT's database.
OpenAI denies the allegations and asserts that they use publicly available data in compliance with fair use and legal precedents.

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8.2k reads

HRKatha

15h

Salesforce to cut jobs at recently-acquired Own

Own, the data-management startup acquired by Salesforce recently in a $2 billion deal, will witness job cuts soon.
Some roles will be eliminated by 31 January after 'harmonisation', while others will be eliminated in three months to a year depending on their requirement in the transition period.
Salesforce had experienced a spike in headcount and expenses due to previous mergers, leading to concerns from investors.
Salesforce plans to hire over 1,000 employees for its generative AI agent product.

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3.8k reads

CNBC

16h

Fintech unicorns are watching Klarna's debut for signs of when IPO window will reopen

Financial technology unicorns are keeping a watchful eye on Klarna's IPO filing for signs of when the market will open again.
While Klarna's IPO has generated buzz, other fintech founders believe it's not yet the right time for their own companies to go public.
Founders of GoCardless and Airwallex emphasize the need to focus on building a better business before considering an IPO.
Analysts are optimistic about the outlook for fintech IPOs, but uncertainty remains due to factors such as macroeconomic conditions and the new US president.

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581 reads

TechBullion

16h

What Tech Entrepreneurs and Investors Can Learn from Nvidia’s Incredible Success Story

Nvidia's success story demonstrates the importance of thinking beyond the obvious and pushing the boundaries of existing technology.
Understanding market demand and timing is crucial for thriving in the tech industry, especially in AI and machine learning.
Nvidia's strategic partnerships and ecosystem-building have contributed to its continued growth and success.
Investors can learn from Nvidia's foresight and innovation in anticipating market trends and staying ahead of the curve.

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699 reads

Inc42

16h

Proost Beer Bags INR 30 Cr From Chimes Group

Proost Beer, a homegrown beer brand, has raised INR 30 Cr ($3.5 Mn) in its ongoing Series A funding round.
The funding round was co-led by Chimes Group and Porus Laboratories CEO Srinavasan Namala, with participation from Hyderabad Angels, The Chennai Angels, and other high net worth individuals.
Proost Beer plans to use the funding to enhance its supply chain, strengthen its product stack, and scale up the brand.
The Delhi NCR-based brand aims to achieve a 5% market share in the Indian beer industry by 2030 through innovation, customer-focused product development, and market expansion.

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541 reads

Inc42

16h

CoinSwitch Rolls Out ‘SmartInvest’ To Help Mitigate Crypto Trade Risks

CoinSwitch, a homegrown crypto exchange, has introduced a new service called 'SmartInvest' to help minimize risks in crypto trading.
SmartInvest offers curated investment strategies by experts, allowing users to choose based on historical profits and minimum investment requirements.
The algorithms of SmartInvest execute trades automatically on behalf of users, with profits shared with strategy developers.
CoinSwitch aims to onboard new users and bridge the gap for those who lack coding expertise.

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639 reads

Insider

16h

Image Credit: Insider

I took a job at JP Morgan for the prestige. Quitting to travel changed the way I view success.

Ashley Tan, 29, left a marketing analyst role at JP Morgan in Singapore to travel and redefine her view of success.
Despite the prestige, Tan found the job unfulfilling, as traditional corporate norms stifled creativity. She used her savings to fund trips to Bali and Europe, seeking happiness beyond societal expectations.
Inspired by travelers prioritizing their passions, Tan plans to explore DJing and potentially relocate to Australia. While her decision faced skepticism from family and friends, the experience gave her a fresh perspective on life and work. Now, she’s prioritizing meaningful opportunities over conventional career paths.

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672 reads

Insider

16h

Ikea group CEO tells BI shoppers are trading down to save money

Ikea has invested $2.1 billion in cutting prices to attract cash-strapped shoppers.
The strategy of offering affordable prices has enabled Ikea to gain more customers, luring them away from pricier competitors.
Ikea's sales dropped for the first time since 2020, but the CEO compares consumer sentiment to the days after the 2008 recession.
Despite the challenges, Ikea's focus on needs-based shopping and affordable offerings is expected to be beneficial in the long run.

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486 reads

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