A naukri.com initiative
Innovation News
Pymnts
1M
180
Image Credit: Pymnts
Elon Musk Adds Antitrust Claims to Lawsuit Against OpenAI
- Elon Musk has added antitrust claims against OpenAI and Microsoft to his existing lawsuit against OpenAI.
- Musk accused OpenAI CEO Sam Altman of 'rampant self-dealing' and alleged that OpenAI and Microsoft colluded to eliminate competitors in artificial intelligence.
- OpenAI responded stating that Musk's claims are baseless and overreaching.
- In September, OpenAI announced plans to restructure as a for-profit benefit corporation.
Read Full Article
10 Likes
Silicon
1M
157
Image Credit: Silicon
Northvolt Mulls US Bankruptcy Protection – Report
- Swedish battery maker Northvolt is reportedly considering Chapter 11 bankruptcy protection in the United States as a possible option.
- The company has been exploring various corporate options due to ongoing financial issues.
- Last month, Northvolt's subsidiary managing the Ett expansion project filed for bankruptcy after the factory expansion was cancelled.
- Northvolt has faced production problems, sluggish demand for electric vehicles, and competition from China, impacting its financials.
Read Full Article
9 Likes
Inkbotdesign
1M
293
How Businesses Can Elevate Their Products and Offers
- Businesses offering decent products must create an experience that transforms their customers' businesses and lives to set themselves apart against their competitions.
- Businesses like Samsung and sports-betting companies innovate and differentiate themselves from their competitors by introducing new features or using new technologies to connect better with fans.
- IKEA uses an app with augmented reality technology to let customers visualise furniture in their own space, helping customers make more informed purchasing decisions, improving customer satisfaction and the likelihood of sales.
- Apple focuses on improving the quality of its iPhone cameras and technical capabilities, creating a product that stands out from its competitors.
- IoT sensors enable businesses to track inventory in real-time, predict demand more accurately, and automate the ordering process.
- Eco-friendly practices can significantly increase a company’s appeal and market presence, and reducing environmental impact through packaging innovations can be an impactful way to demonstrate sustainability, as seen with beauty companies Lush and Pangea.
- Businesses can stand out by communicating what makes their product unique using compelling storytelling, eye-catching visuals, and a distinctive brand voice to capture attention and to connect with their target audience on an emotional level.
- Customer feedback is vital to improving products, use online surveys, social media polls, one-on-one interviews, or conversations, and continuously incorporate customer insights into the product roadmap, marketing messaging, and business strategy.
- UXdesign provides sleek, minimalist boxes that double as high-end display stands and custom unboxing experiences complete with branded tissue paper, ribbons, and handwritten notes for an innovative way to package and present products.
- Businesses can leverage user-generated content (UGC) like social media posts, testimonials, reviews, and customer-created videos to build social proof and credibility, and to give brands a much-needed human touch.
Read Full Article
17 Likes
Spicyip
1M
63
Image Credit: Spicyip
Diversification and Economic Development: Insights from the WIPO “Making Innovation Policy Work for Development” Report 2024
- The World Intellectual Property Organisation (WIPO) published a report titled “Making Innovation Policy Work for Development” on economic diversification for increased utilization of knowledge and eventual economic prosperity.
- The report argues that bridging the gap between high-income and low-income nations requires economies to boost innovation by building, diversifying, and applying knowledge embodied in technology.
- Over-reliance on specialization can make economies vulnerable to external disruptions; diversification helps by venturing into new sectors or activities that complement a nation’s current strengths.
- India has advanced significantly in the past two decades, with scientific capacities increasing from 42% to 68% and technical capabilities from 9% to 21%.
- Two important factors that inform the process of diversification are innovation complexity and relatedness, with relatedness indicating the desired incremental nature of diversification.
- India’s motorcycle industry serves as a success story of diversification, primarily linked to the capabilities developed in the related bike, aviation, and automobile sectors.
- The report highlights the potential for India’s electric vehicle development, with forecasts predicting a 50% rise in two-wheelers and a 70% rise in three-wheelers by 2030.
- While diversification is critical for growth, the report may overestimate the ease with which nations can overcome hurdles, especially low-income nations, to diversification.
- The report could benefit from a deeper analysis of how socioeconomic and infrastructural disparities affect a country’s ability to implement recommended policies.
- In conclusion, policymakers must remain mindful of unique local contexts encountered by economies at different phases of development to drive sustained global economic growth.
Read Full Article
3 Likes
Medium
1M
153
Image Credit: Medium
Did Musk Back Trump To Save Tesla From Collapse?
- Tesla's reliance on self-driving cars has put the company in a precarious position.
- The Full Self Driving (FSD) system used by Tesla is flawed, lacking redundancy and spatial fidelity.
- Musk's support for the Trump campaign may have been motivated by the need to find a way out of Tesla's self-driving dilemma.
- Tesla's stock value is largely based on the perception of its advantage in the self-driving race, despite safety concerns.
Read Full Article
9 Likes
Medium
1M
392
Image Credit: Medium
Is it harder for AI to drive a car or operate a suite of applications?
- The challenges faced by AI systems in driving cars and operating complex applications differ.
- Self-driving cars deal with 'known unknowns' - handling edge cases and ensuring safety in unpredictable situations.
- Agentic AI, operating applications, deals with 'unknown unknowns' - unclear rules that can change based on context.
- The future of AI lies in bridging the domains of physical and digital mastery to create more capable, reliable autonomous systems.
Read Full Article
23 Likes
Pymnts
1M
370
Image Credit: Pymnts
The Mantra This Week in B2B: Integrate, Automate and Secure
- Today’s B2B businesses want digital solutions to deliver efficiency without compromising on security.
- Modern solutions incorporating automation, analytics and AI systems are increasingly fulfilling this requirement.
- The push to offer capital and liquidity solutions specifically tailored to SMBs continues to flourish.
- Mastercard has introduced a new platform designed to streamline digital tools offered to SMB customers.
- DebtBook has launched its cash management tool designed to help treasurers, finance teams and cash managers manage cash flow and liquidity.
- Treasury and payment experts generally agree that access to digital-first solutions pave the way for future growth.
- B2B payments platform ConnexPay has received a US patent for its invention that manages incoming customer payments.
- Cybersecurity remains a persistent issue across nearly every sector in today’s digital economy. But, CISOs can help protect against evolving cyber threats.
- As businesses adopt advanced solutions, the importance of cybersecurity cannot be overlooked. AI solutions may help mitigate payment risks.
- Businesses are looking to streamline payments by embedding them directly into existing platforms.
Read Full Article
22 Likes
Medium
1M
216
Image Credit: Medium
AI Mass Adoption: is not happening (yet) but business is playing with it
- AI Mass Adoption: is not happening (yet) but business is playing with it.
- ChatGPT adoption is still relatively low, with only 18% of the population aged 18-24 using it by April 2024.
- Organizations using generative AI in one or more functions increased from 56% in 2021 to 72% in early 2024.
- The path to mass adoption of gen AI may be exponential, but it is predicted that it will reach 60% or more of people using it weekly in 5 years or less.
Read Full Article
13 Likes
Pymnts
1M
243
Image Credit: Pymnts
How 21st Century CISOs Balance AI Risks Against Rewards
- The role of the chief information security officer (CISO) is central to protecting financial transactions and mitigating payments risk when integrating or developing digital payments innovations.
- AI brings new risks that organizations must manage, including data integrity and structure of models being integrated, which can hide deep flaws.
- The CISO's role has expanded beyond traditional cybersecurity to navigate the ethical, legal, and operational risks associated with AI.
- CISOs are implementing continuous monitoring systems to track AI model performance and have clear response plans to mitigate potential damage.
Read Full Article
14 Likes
Medium
1M
130
Image Credit: Medium
Technological Taylorism: The Automation of Efficiency and the Future of Work
- Frederick Taylor introduced scientific management in the late 19th century, enhancing efficiency but reducing worker autonomy.
- Modern workforce management practices continue to slice jobs into smaller tasks, incorporating AI-driven tools for surveillance and control.
- The COVID-19 pandemic accelerated the adoption of monitoring tools, such as facial recognition, increasing control over remote workers.
- The rise of AI threatens to replace human roles in various fields, leading to potential dehumanization and a significant transformation of work.
Read Full Article
7 Likes
Silicon
1M
334
Image Credit: Silicon
VW, Rivian Launch Joint Venture, As Investment Rises To $5.8 Billion
- Volkswagen and Rivian officially launch their joint venture, as German car giant ups investment to $5.8 billion.
- The joint venture aims to combine electrical architecture and software technology for future electric vehicles.
- The JV plans to launch Rivian's R2 in the first half of 2026 and support Volkswagen Group's first models by 2027.
- Volkswagen plans to invest up to $5.8 billion in Rivian and the joint venture by 2027.
Read Full Article
20 Likes
Global Fintech Series
1M
27
Image Credit: Global Fintech Series
Sutherland FinXelerate Helps Fintechs Scale Amid Growing Regulatory and Competitive Pressures
- Sutherland, a global business and digital transformation company, has launched Sutherland FinXelerate, a solution to help fintechs scale while maintaining innovation and business growth.
- Fintechs often face challenges in achieving profitability and operational efficiency due to inefficient back-end processes that do not match their digital-first services.
- Sutherland FinXelerate offers scalable operations, customer-centric experiences, enhanced compliance and risk management, and digital acceleration and transformation.
- Clients using FinXelerate have seen significant improvements in compliance, scalability, flexibility, and operating costs.
Read Full Article
1 Like
Medium
1M
63
Image Credit: Medium
Navigating today’s venture landscapeinvesting from innovation clusters
- Capital is flowing heavily into AI and data-driven technologies, making capital efficiency paramount.
- Rather than competing with mega investors, the strategy is to leverage proximity to top talent and emerging technologies in innovation clusters like MIT, Harvard, Georgia Tech, etc.
- The focus is on investing in specialized, verticalized applications of AI and data science, capturing value by backing founders early.
- Unique datasets and deep embedding of AI in company workflows are key strategies to create competitive moats around invested companies.
Read Full Article
3 Likes
Silicon
1M
266
Image Credit: Silicon
AMD Axes 4 Percent Of Staff, Amid AI Chip Focus
- AMD is cutting approximately four percent of its global workforce, amounting to 1,000 employees.
- The layoffs come despite AMD's strong financial results, with profits rising 158 percent to $771m.
- AMD aims to focus on AI and the enterprise markets as its key growth areas.
- The job losses at AMD are much smaller compared to rival chip maker Intel, which is cutting 15,000 jobs.
Read Full Article
16 Likes
TechBullion
1M
352
Image Credit: TechBullion
xTool Screen Printer: Pioneering the First Laser-Based Screen Printing Solution for Creativity and Precision
- The xTool Screen Printer introduces laser technology for enhanced precision, efficiency, and ease of use in screen printing.
- It offers compatibility with various xTool models, providing versatile options for users within the xTool ecosystem.
- The printer enables intricate patterns and designs with laser precision, reducing setup time and errors.
- It is a cost-effective option with reduced waste and low maintenance requirements, appealing to small businesses and independent creators.
Read Full Article
21 Likes
For uninterrupted reading, download the app