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PhonePe expands hardware footprint; What is Cloud TV?
- Microsoft allows building autonomous AI agents. In Q3 2024, VCs invested $3.9 billion in Gen AI startups. Perplexity AI seeks to double its valuation to about $9 billion. Relocating headquarters to India wave includes Groww. PhonePe expands hardware footprint by managing close to seven lakh cores across three data centres in India. Losses shrink by about 29%, revenue soars to Rs. 5,064 crore in FY24 and became profitable on an adjusted basis at Rs. 197 crore. Dharma raised Rs 1000 crore in a fresh round. Cloud TV introduced a lightweight and efficient OS for smart TVs. Access Earth observation satellites through KaleidEO.
- Microsoft's autonomous AI agents program can make decisions independently. VCs bet on generative AI startups, investing $3.9 billion in Gen AI startups in Q3 2024. Perplexity AI hopes to double its valuation to $9 billion. Groww shifted its domicile to India and paid around $160 million in taxes. PhonePe expands its hardware footprint across three data centres in India and significantly manages almost seven lakh cores. PhonePe's losses shrank by 29%, whereas the revenue increased to Rs 5,064 crore in FY24. Dharma raised Rs 1000 crore in a fresh round.
- Cloud TV introduces homegrown lightweight and efficient smart TV OS, allowing it to run smoothly. Cloud TV operates on a SaaS model, focusing on monetization through licensing fees and advertisements. Cloud TV offers access to over 200 apps, including major OTT platforms, live TV channels, and recommending apps, content or services within the TV’s interface. KaleidEO takes a demand-first approach to Earth observation satellites, and reverse engineers the payload requirements. KaleidEO process images in space within 90 seconds using high-resolution sensors and edge computing.
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