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Startup News
Insider
4w
22
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CoreWeave is on the cusp of a huge IPO — but it could face an expensive hardware problem
- CoreWeave, a startup planning a major tech IPO, may face challenges due to rapid advancements rendering its Hopper-based Nvidia GPUs obsolete.
- The AI technology upgrades are impacting the useful life of CoreWeave's GPUs, particularly as Nvidia rolls out superior products like Blackwell.
- Amazon's recent adjustment of server useful life due to AI progress suggests a potential issue for other tech firms, including CoreWeave.
- CoreWeave, a neocloud specializing in generative AI workloads, has deployed over 250,000 Nvidia GPUs, but faces the threat of rapid obsolescence.
- The rapid pace of AI technology advancement can quickly make existing gear less valuable, as seen with the transition from Hopper to Blackwell GPUs.
- Companies like CoreWeave may have to adjust financials to account for the fast-evolving product landscape and depreciate assets accordingly.
- Amazon decreased server useful life from six to five years, potentially impacting operating income, with similar moves expected from other tech firms.
- CoreWeave's IPO filing acknowledges the need for continuous platform upgrades and uncertainty in estimates related to infrastructure components' useful life.
- While CoreWeave benefited from an increased estimated useful life of computing gear in 2023, recent developments may lead to earnings challenges.
- CoreWeave's response to potential adjustments in the useful life of its equipment remains unclear as it navigates the complexities of planning a high-stakes IPO.
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Yourstory
4w
49
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DailyHunt parent VerSe Innovation reduces EBITDA burn by 51% in FY24
- VerSe Innovation, the parent company of DailyHunt and Josh, reduced its EBITDA burn by 51% to Rs 710 crore in FY24.
- The decrease in EBITDA burn was achieved by reducing business promotion expenses by 65% and lowering the cost of services by 16.85%.
- VerSe Innovation reported a 13% decline in operating revenue for FY24, from Rs 1,448 crore to Rs 1,261 crore. However, it aims to achieve break-even in H2 2025.
- VerSe Innovation expects over 75% revenue growth in FY25, driven by AI-driven innovation and diverse revenue streams.
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Yourstory
4w
403
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SaaSBoomi launches BoomiAI to support AI-first founders
- SaaSBoomi has launched BoomiAI to support founders building AI-first companies.
- BoomiAI is a new initiative under the broader umbrella of SaaSBoomi, focusing on building and expanding the existing SaaS community.
- BoomiAI will provide a platform to share resources, learning experiences, and network opportunities for founders in the AI space.
- The Indian software market is projected to reach $100 billion by 2035, driven by AI-led automation and government-led digital initiatives.
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Gritdaily
4w
288
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Stephanie Shojaee and Shoma Group: Navigating Miami’s Luxury Real Estate Market
- Miami’s luxury real estate market is evolving with a focus on multifamily developments and integrated communities, driven by economic growth and population expansion in areas like Doral.
- Shoma Group, led by Stephanie Shojaee, emphasizes blending luxury with long-term value to stay ahead in the market, with notable projects like Oasis Park Square and Sanctuary Doral.
- The success of Oasis Park Square was attributed to its design, prime location, and strategic marketing that sold a lifestyle, appealing to buyers seeking exclusivity and style.
- Sanctuary Doral, a luxury multifamily rental community by Shoma Group, was fully leased within eight months and sold for $102.5 million to Avanti Residential.
- Shoma Group's expansion into North Bay Village with Shoma Bay and Hialeah with Shoma Village signifies its vision for luxury waterfront living and upscale rental communities in emerging neighborhoods.
- Shoma Group's projects reflect broader trends in Miami’s real estate market, catering to strong demand for high-quality housing in the region.
- Stephanie Shojaee's strategic approach to real estate development balances design, branding, and investment appeal, positioning their projects for success in Miami's competitive market.
- Shoma Group's focus on identifying promising neighborhoods ahead of the curve has led to their success in reshaping residential landscapes and driving investor confidence in Miami.
- These developments underscore the intersection of real estate strategy, market demand, and long-term value creation in South Florida’s dynamic housing market.
- Stephanie Shojaee and Shoma Group continue to navigate Miami’s luxury real estate market by anticipating buyer and investor preferences and shaping upscale residential communities in sought-after neighborhoods.
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Gritdaily
4w
62
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Jennifer Rand, MEd: Leading in Risk Management and Education
- Jennifer M. Rand, MEd, is a leader in the field of education risk management.
- Her career reflects a deep dedication to improving processes and making a real impact in her community.
- She works as a risk management specialist at Academy School District 20, focusing on creating safe environments for students and staff.
- Rand has successfully implemented innovative solutions, including an electronic database for safety data sheets and chemical hygiene plans.
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Gritdaily
4w
257
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Jessica Ann Bradley: Innovator in Military Laboratory Science
- Jessica Ann Bradley is a celebrated Innovator in Military Laboratory Science with over two decades of experience.
- She is a United States Air Force laboratory manager known for her innovation and ability to adapt quickly.
- Bradley holds a bachelor's degree in clinical laboratory science and master's degrees in both general and leadership.
- She plans to retire from the Air Force in 2025 and work for an IT company while continuing her passion for teaching.
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Gritdaily
4w
254
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Thriving in the Tech Field: The Career Journey of Kimesh Jitendra Desai
- Kimesh Jitendra Desai has gained recognition and success in the tech industry through innovation and acquiring new skills.
- Desai has worked in the tech industry for 25 years, adapting to changing trends and gaining expertise in digital marketing.
- Desai overcame career challenges during the pandemic, earning certifications and focusing on learning about AI systems.
- Currently, Desai is the owner of KJ Technologies LLC, serving as a digital marketer and search engine optimization strategist.
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Yourstory
4w
239
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Vehicle Scrapping Policy may reduce auto component prices by 30%: Gadkari
- Vehicle Scrapping Policy may reduce auto component prices by 30%: Gadkari
- Union Minister Nitin Gadkari stated that the implementation of the Vehicle Scrapping Policy is expected to reduce the prices of auto components by 30%.
- This reduction in prices may lead to a decrease in vehicle prices, benefiting consumers.
- Gadkari mentioned that the demand for electric vehicles (EVs) will also increase as the government improves charging infrastructure and as prices of input materials, such as lithium-ion batteries, decrease.
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Gritdaily
4w
203
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Katina Stergakos: A Visionary Leader in Creative Operations and Innovation
- Katina Stergakos is a visionary leader known for her expertise in creative operations and innovation in the media and entertainment industry.
- She has over 25 years of experience and currently holds the position of vice president of consumer products, project management, creative operations, and production design at Paramount Global.
- Stergakos is recognized for her strategic approach, integrating technology and operations to streamline processes, enhance workflow efficiency, and ensure digital asset security.
- She is dedicated to empowering teams, fostering collaboration, and embracing the future of creative operations by leveraging advancements in technology while valuing the importance of human creativity and connection.
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Gritdaily
4w
199
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Kelli Ward Champions Corporate Social Responsibility in Remote Workplaces
- Kelli Ward, the director of corporate social responsibility (CSR) at Aventiv Technologies, champions corporate social responsibility in remote workplaces by enabling employees to remain engaged and cultivating a culture of giving back.
- To address the challenge of remote volunteerism in a workforce where nearly 90% operate remotely, Ward has implemented internal communication strategies, such as weekly newsletters and targeted email campaigns, to keep employees connected and engaged.
- Throughout her career, Ward has established corporate giving and volunteerism programs, including creating an advisory fund and spearheading hands-on volunteer initiatives at multiple organizations, to strengthen corporate philanthropy and reinforce the mission to give back.
- Ward plans to continue working with Aventiv Technologies, focusing on building a volunteer team to enhance employees' work lives and creating a positive workplace environment.
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Startup Pedia
4w
88
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‘Bengaluru Elderly Woman Hit By Swiggy Delivery Rider’: Residents Bash 'Nonsensical 10-Min Rush Delivery'
- An elderly woman in Bengaluru was hit by a Swiggy delivery rider, leaving her in severe pain.
- The incident has raised concerns over the safety risks caused by speeding delivery bikes.
- Residents are criticizing the 10-minute rush delivery service and the reckless attitude of delivery riders.
- Swiggy has requested any relevant information to take appropriate action.
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Startup Pedia
4w
159
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"Income Tax Law Did Not Give Legal Backing To Check Digital Assets, So Have Included It”: FM Nirmala Sitharaman
- The government has proposed to strengthen legal provisions to track digital assets under the new Income Tax Bill, 2025.
- Digital forensics played a crucial role in unearthing unaccounted money, with encrypted messages on mobile phones and WhatsApp communication leading to the detection of large sums.
- The Finance Minister mentioned that Google Maps history and Instagram accounts could be analyzed to identify hidden cash and 'benami' property ownership.
- The new bill allows government officials to access communication platforms, enterprise software, and storage servers used by businesses to conceal financial transactions for tax evasion investigation purposes.
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Startup Pedia
4w
22
Image Credit: Startup Pedia
Indian Aviation Ready For Launch Of 3 New Airlines—Shankh Air, Air Kerala And Alhind Air
- India is set to launch three new airlines – Air Kerala, Shankh Air and Alhind Air, founded in 2024 and are expected to start their operations in 2025.
- Shankh Air to become Uttar Pradesh's first scheduled full-service airline with initial routes including Lucknow, Varanasi, Gorakhpur, and major metro cities.
- Air Kerala and Alhind Air to focus on regional demand in Kerala and later cater to international demands, with Air Kerala becoming India's first ultra-low-cost carrier.
- Launch dates of the new airlines are yet to be announced, pending the flyer permit from DGCA.
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Inc42
4w
221
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FirstCry To Invest 167 Cr In Two Subsidiaries To Expand Business
- FirstCry, an omnichannel kidswear brand, plans to invest INR 146 Cr in its ecommerce roll up business Globalbees Brands Private Limited.
- The investment will be made through subscription to preference shares of Globalbees over the next 12 months.
- FirstCry's subsidiary, Globalbees, operates as a brand aggregator, acquiring and scaling a portfolio of D2C brands across various categories.
- In addition, FirstCry will invest around INR 21 Cr in its foreign subsidiary, Firstcry Management DWC LLC, UAE.
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Yourstory
4w
101
Image Credit: Yourstory
Cashfree Payments equips merchants with Secure ID to combat identity theft and fraud
- As digital payment frauds are on the rise in India, Cashfree Payments has introduced Secure ID to combat identity theft and fraud in the country.
- Secure ID aims to provide merchants with an identity verification, risk & compliance stack to help build secure onboarding flows and monitor fraud accurately.
- Cashfree's Secure ID leverages AI-driven fraud detection tools and data-driven risk-scoring models to identify suspicious users and prevent fraud while scaling effortlessly.
- The platform offers end-to-end user identity verification, real-time solutions, and high uptime to reduce customer drop-offs by up to 50%.
- Secure ID assists businesses by providing compliance-first solutions, helping them reduce operational costs by up to 75% in the compliance-heavy environment.
- With BharatOCR, Face Match, RiskShield, and Data-Driven Risk Scoring features, Secure ID offers customised and comprehensive fraud detection solutions for businesses of all sizes.
- Secure ID's AI/ML capabilities make the platform agile and suitable for evolving fraud landscapes, allowing businesses to remain compliant with changing regulations.
- It offers customised onboarding, comprehensive user verification, and continuous fraud detection solutions, catering to companies from startups to established businesses.
- Secure ID has prevented fraud worth over Rs 50 crore and is trusted by brands like Kotak Life Insurance, Bajaj Finance, Tata AIG, and more.
- With a growth rate of 52% year on year, Secure ID delivers higher conversion rates, reduces operational costs, and minimises fraud losses for businesses.
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