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Yourstory
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India can become creator, exporter of AI tech: Jensen Huang, Mukesh Ambani at NVIDIA India Summit
- India could become a creator and exporter of AI technologies, according to Jensen Huang, Founder and CEO of NVIDIA, and Mukesh Ambani, Chairman of Reliance Industries.
- Through a partnership between NVIDIA and Reliance, the necessary infrastructure will be built in India to make this possible.
- Jensen Huang emphasized the future of accelerated computing and AI innovation, highlighting NVIDIA's GPU architecture and its impact on industries such as quantum computing and gene sequencing.
- Mukesh Ambani envisioned a future where India not only builds AI solutions for the domestic market but also exports them to other emerging markets.
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Yourstory
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Startup news and updates: daily roundup (October 24, 2024)
- NG Earsafe, an open-ear headphone brand, raised Rs 1.06 crore in seed funding from Inflection Point Ventures.
- Bizongo signed an MoU with NALCO to distribute 27K MT aluminum through its B2B ecommerce platform.
- Apna.co launched Apna Canvas, a platform for early talent recruitment in India connecting freshers with potential employers.
- Apna Canvas partnered with major companies, including PwC Campus Contender 2024, to facilitate competitions and skill assessments.
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TechBullion
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The Startup Culture in Miami: What Makes It Special?
- Miami has quickly become a hotspot for startups, attracting people from all over the world.
- The city's prime location as the "Gateway to Latin America" makes it easy for businesses to expand into international markets.
- Miami's diverse culture and population bring together unique perspectives and foster innovation.
- The city offers a supportive startup community, with organizations providing mentorship, resources, and networking opportunities.
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Eu-Startups
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London-based Resurge Growth Partners launches €120 million “Venture Equity” vehicle to back tech scale-ups
- London-based Resurge Growth Partners has launched a €120 million “Venture Equity” vehicle to support European and Israeli scale-ups.
- The new model aims to bridge the gap between venture capital and private equity for high-potential companies that have outgrown VC funding.
- Resurge will acquire significant stakes in promising companies and provide capital, operational expertise, and time to transition them to profitable growth.
- The venture equity vehicle has already secured nearly half of its €120 million capital from the founding GPs and a leading family office.
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VIE Stories
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Mankind Pharma Acquires Bharat Serums and Vaccines
- Mankind Pharma acquires Bharat Serums and Vaccines for INR 13,768 Crores.
- The acquisition positions Mankind Pharma as a leader in the Indian women's health and fertility drug market.
- Mankind Pharma gains access to high entry barrier products in the critical care segment with established complex R&D tech platforms.
- The acquisition aims to unlock new opportunities, strengthen the product portfolio, and maximize growth potential.
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VIE Stories
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Diwali Wishes and Greetings 2024
- Wishing you and your family a happy and prosperous Diwali!
- May this festival of lights bring joy, prosperity, and success into your lives.
- Wishing you a Diwali filled with happiness, love, and beautiful moments with your loved ones.
- May the diyas of Diwali illuminate the path to prosperity for you and your family.
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Startup Pedia
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Swiggy Introduces 'Seal' Badge to Ensure Food Quality of Restaurants
- Swiggy has introduced the 'Swiggy Seal' badge to ensure food quality of restaurants.
- Restaurants meeting the set standards will be awarded the 'Swiggy Seal' badge, highlighting their commitment to serving hygienic, high-quality meals.
- Hygiene audits by FSSAI-accredited agencies will be conducted to ensure compliance with established standards.
- Restaurants with the 'Swiggy Seal' badge will have access to verified customer review-based feedback, focusing on contamination prevention, cooking practices, and packaging quality.
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Eu-Startups
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Munich-based ExoMatter gets €1.7 million pre-seed for AI-based materials R&D
- Munich-based ExoMatter secures €1.7 million pre-seed funding round for AI-driven materials research and development.
- Funding led by Vanagon Ventures with participation from BayernKapital, 212 NexT, ZAKA VC, Bloomhaus Ventures, and female super angels.
- ExoMatter utilizes AI and quantum chemical modeling to accelerate material development process by up to 90% and reduce costs and greenhouse gas emissions.
- The company is working with DAX-listed companies and aims to become the leading digital materials platform in Europe.
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Inc42
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India Will Be Exporting AI In Future Using Tokens: NVIDIA CEO
- NVIDIA CEO Jensen Huang stated that India will now be exporting artificial intelligence (AI), a country which once was known to produce and export software to the world.
- Huang expressed his interest in partnering with Indian enterprises and startups to pave the way for India to be at the centre of this new revolution.
- He also mentioned that intelligence is growing four times faster each year in terms of the tech movement present today.
- NVIDIA has already partnered with more than 2,000 Indian startups to develop large language models (LLMs) for Indian languages.
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VIE Stories
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Top Parking Tech Startups in India
- Parking Solution is one of the major issues in the cities and to solve this issue there is also some startup in India.
- Valet EZ, based in Bangalore is a smart parking tech startup, which offers real-time parking solution for both users and owners.
- Parking4Sure offers mobile application service to drivers in parking near Delhi/NCR and manages more than two lakh cars and one lakh bikes daily.
- Expert Parking Systems in Mumbai, offers well-planned car parking solutions and specializes in building, installing, and maintaining parking solutions.
- Get My Parking is a Delhi-based IOT smart parking tech startup that provides white-label parking apps, and is backed by major investors.
- PARK360 in Gujarat provides smart parking tech solutions to smart cities, corporations, residential communities, commercial complexes (malls, hotels), etc.
- Aarshvi Security Systems, apart from providing electronic security solutions, automation and other safety solutions, also offers parking solutions.
- ParkingRhino in Bengaluru is a smart parking solution provider that offers real-time parking solutions, with separate Mobile discovery and transaction App for consumers and parking contractors.
- VersionX is a Bangalore based fully integrated parking tech startup, that provides smart parking and other connected solutions under one roof.
- Wohr Parking Systems based in Pune, create unique automated car parking systems and various parking solutions for different types of requirements.
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Inc42
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We Are At Doorsteps Of Intelligence Age: Mukesh Ambani At NVIDIA Summit
- Reliance Industries chairman Mukesh Ambani stated that the world is at the doorsteps of the Intelligence age, underpinned by AI.
- Ambani highlighted that India, with its booming economy, raw talent, and digital connectivity infrastructure, is set to become an innovation hub and a prime digital market.
- NVIDIA announced a partnership with Reliance Industries to build AI infrastructure in India and also announced collaborations with Indian startups to advance AI in the country.
- India has emerged as a leader in AI app adoption, accounting for 21% of global AI app downloads, and is making significant progress in its homegrown AI ecosystem.
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Medium
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Dr. Chintan Dave is on a mission to protect consumers from predatory policies
- Dr. Chintan Dave is on a mission to protect consumers from predatory policies.
- Corporations are introducing far-reaching clauses in their terms of service, making it difficult for consumers to understand their rights.
- PrivacAI, founded by Dr. Dave, aims to empower individuals to make informed decisions about the policies they agree to.
- PrivacAI provides accessible information to individuals, allowing them to analyze company policies based on their values and make more informed decisions.
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Inc42
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Fino Payments Bank Tanks 7% After Q2 Results
- Fino Payments Bank's shares dropped by 7% after reporting a decline in net profit for Q2 FY25.
- Net profit declined 12% sequentially but increased by 8% YoY.
- Total income rose 27% YoY and 4% sequentially.
- CASA and BC banking offerings were the major revenue generators for Fino.
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Yourstory
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X’s Indian subsidiary sees 90% plunge in FY24 revenue, profit as ad business falters
- Twitter Communications India Private Limited, the Indian subsidiary of X (formerly Twitter), has witnessed a 90% decline in both revenue and profit for the financial year ending March 2024.
- The decline is primarily attributed to a downturn in the ads business.
- The company reported a net profit of Rs 3.2 crore in FY24, a significant drop from Rs 30.5 crore in the previous year.
- Operating revenue for the fiscal year was Rs 21.2 crore, down from Rs 207.7 crore in the previous year.
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Startupreporter
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Actress Sneha Biswas A Dynamic Figure Of Entertainment Industry
- Actress Sneha Biswas, hailing from Kolkata, is making a mark in the entertainment industry.
- She has gained recognition through her work in Bengali web series and the music video 'Shimla Ki Sham.'
- Sneha Biswas is known for her natural acting skills and versatility in her performances.
- With a strong social media presence and upcoming projects, she is set to achieve greater success.
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