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Gritdaily
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Pundi AI Pushes Forward with New Partnerships and Technical Innovation
- Pundi AI is making progress in decentralizing annotation through its AI Data Annotation Platform and AI Data Marketplace.
- The platform rewards users for contributing to data tagging and reviewing with rewards in USDT.
- Pundi AI achieved several milestones, including significant growth in its PUNDIAI token value and becoming an NVIDIA Inception member.
- Pundi AI has secured strategic collaborations with partners like Binance Pay, SirenAI, and Swarm Network to drive advancements in AI agent development.
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Gritdaily
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GAIC and GaGro Host Event Celebrating Gen Z Excellence
- The Gen Z New York Brand Summit took place in Manhattan, showcasing emerging brand leaders and entrepreneurs organized by GAIC and GaGro.
- The event focused on sustainability, design innovation, and intergenerational collaboration, highlighting the potential of Gen Z in global markets.
- GAIC and GaGro aim to amplify the voices of Chinese entrepreneurs worldwide through cultural entrepreneurship and brand-building.
- Key themes included sustainable development, cultural authenticity, and success redefined by aesthetics and storytelling.
- Community-building and collaboration were central to the summit, fostering connections among young creatives and entrepreneurs.
- The event emphasized the importance of balancing heritage with modern design language in building successful brands.
- Speakers shared insights on navigating global markets, with a focus on community engagement and adapting to regional consumer behavior.
- The summit celebrated Gen Z's global vision and showcased how young Chinese brand leaders are reshaping narratives across borders.
- GAIC and GaGro continue to expand their partnerships and impact, supporting young entrepreneurs in sharing their stories on a global scale.
- The event highlighted the role of integrity, imagination, and cultural fluency in driving authentic global branding initiatives.
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Pymnts
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Vista Acquires Enterprise Resource Planning Platform Acumatica
- Vista Equity Partners has acquired the enterprise resource planning (ERP) firm Acumatica.
- Acumatica's ERP platform caters to small- and medium-sized businesses, offering digital management and automation of processes like payroll and customer relationship management in various sectors.
- The acquisition by Vista is seen as a strategic move to enhance Acumatica's AI-first product strategy and strengthen its partner ecosystem, aiming to redefine business management software.
- The deal reflects the trend of ERP platforms centralizing core operations for more efficient management, streamlined compliance, and improved collaboration, fueled by partnerships between banks, FinTechs, and ERP providers.
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Siliconangle
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ClickHouse reels in $350M for its high-speed columnar database
- ClickHouse Inc. has secured $350 million in a Series C funding round led by Khosla Ventures, bringing its total funding to over $650 million.
- ClickHouse's database, based on a columnar architecture, optimizes data retrieval by storing columns adjacent to each other for faster query processing.
- The database includes performance optimizations like vectorized query execution, range query simplification, and the ability to handle massive scales of data.
- ClickHouse plans to use the new capital to accelerate product development and expand its global presence, serving over 2,000 customers including major tech firms like Sony Corp. and Anthropic PBC.
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Medium
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5 Recession-Proof Growth Tactics Top Performers Use
- Companies that outperform after recessions focus on sharpening their fundamentals, increasing visibility, and aligning operations.
- Replacing non-core features with relevant offerings and sharpening messaging helps transform internal clarity into a competitive advantage.
- Razor-sharp product-market fit (PMF) and strategic value optimization are essential in building recession-proof business models, as seen with Mailchimp and Netflix.
- Market readiness post-recession involves agile go-to-market (GTM) execution, real-time insight, and cross-functional orchestration, as demonstrated by GitHub and Shopify.
- High-performing companies focus on building flexible operating models and partner networks to quickly reallocate resources and capture emerging market opportunities.
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Pymnts
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Goldman Sachs President John Waldron: Dealmaking Outlook Is Still ‘Quite Good’
- Goldman Sachs President and COO John Waldron expressed confidence in the bank’s dealmaking pipeline despite tariff-related uncertainties.
- Corporate clients are showing optimism towards transactions including mergers and acquisitions and raising capital.
- While there has been a general decline in M&A activity, there has been a 30% increase in large deals valued over $500 million this year, indicating market resilience.
- Tariff-related uncertainty is impacting product planning and development for companies, with some altering product designs and pricing strategies as a result.
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TheStartupMag
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Sustainable Drone Technology: Balancing Security and Environmental Responsibility
- As the demand for Uncrewed Aerial Systems (UAS) increases, integrating sustainable practices into drone technology is crucial.
- Sonoran Desert Institute focuses on sustainability and security in uncrewed technology, offering online programs to prepare students for future innovations.
- From solar-powered drones to recyclable components, eco-friendly designs aim to enhance security while reducing environmental impact.
- Use of lithium-ion batteries in drones poses challenges for energy consumption and emissions due to mining and recycling issues.
- Innovations like solar-powered drones, lightweight materials, and noise reduction are advancing sustainable drone design.
- Sustainable drone technology benefits areas like smart cities and industrial monitoring, aligning with environmental goals.
- Challenges in eco-friendly drone tech include technological limitations, regulatory considerations, and expanding career opportunities.
- Balancing security needs with environmental responsibility is crucial for the future of commercial drone technology.
- Institutes like Sonoran Desert Institute equip students with skills to work with uncrewed systems in various environments.
- Sustainable drone technology contributes to a more environmentally responsible approach to security and monitoring.
- The industry's focus on eco-friendly innovations showcases its commitment to addressing ecological challenges while enhancing operational efficiency.
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Medium
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Why Your Fundraising Pain Isn’t About the Deck (and What It Is About)
- The fundraising challenge lies in presenting logical and realistic plans over the medium term (5-10 years) to investors.
- Fundraising pain does not come from creating detailed spreadsheets or attractive pitch decks but from the need to think long-term.
- Approaching investors without well-thought-out long-term strategies may lead to rejection or accepting unfavorable terms.
- Having a trusted advisor can provide crucial perspective and help founders align their thinking with investor expectations.
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Insider
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Airbnb CEO Brian Chesky lays out the 3 key differences between founders and managers
- Airbnb CEO Brian Chesky compared founders to biological parents and revealed three crucial attributes that founders have but managers don't.
- Chesky highlighted that founders have a unique love for their business akin to being a 'biological parent,' empowering them to make significant changes and possessing an intricate understanding of their company.
- He emphasized that founders, unlike managers, have complete control over their company and the authority to shape its future, drawing a parallel to parenting.
- However, Chesky also pointed out that founders often struggle to scale their companies and face challenges related to succession planning and the longevity of the business.
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TechCrunch
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In a victory for Palmer Luckey, Meta and Anduril work on mixed reality headsets for the military
- Anduril and Meta are collaborating to develop extended reality (XR) devices for the U.S. military under the Soldier Borne Mission Command (SBMC) Next program.
- Former Oculus co-founder Palmer Luckey is leading this partnership, aiming to provide soldiers with advanced battlefield intelligence through mixed reality glasses.
- The partnership emerged after the Army reassigned the IVAS Next program from Microsoft to Anduril, requiring Meta to collaborate with Anduril for military XR headsets.
- The joint project, named EagleEye, integrates Meta's AR/VR technologies with Anduril's command and control software, showcasing Luckey's reconciliation with Meta after his departure in 2017.
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Gritdaily
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Beyond the Anchor: How Smart Tech Is Redefining Boating Safety
- Marine weather forecasting leader PredictWind has launched its new standalone Anchor Alert app to address anchoring issues and enhance boating safety.
- Anchor Alert provides real-time alerts when an anchor begins to drag, offering boaters peace of mind and remote monitoring capabilities.
- The app offers customizable alarm settings, integrated marine technology, and a community-contributed local knowledge feature.
- Anchor Alert Pro, with enhanced features and integration with PredictWind's DataHub, signifies a new era in boating safety with proactive monitoring and actionable alerts.
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ISN
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Ola Electric’s Q4FY25 loss more than doubles to Rs 870 crore; revenue drops 62%
- Ola Electric reported a net loss of Rs 870 crore for Q4 FY25, more than double the previous year's loss, due to weakening demand and inventory issues.
- Revenue from operations dropped by 62% year-on-year to Rs 611 crore in Q4 FY25, with vehicle registrations falling by 52%.
- The auto segment EBITDA margin for Ola Electric collapsed to -78.6% in Q4 FY25, reflecting challenges in operating leverage and high provisioning costs.
- Despite facing challenges, Ola Electric projects improvement in gross margins, aiming for 35% by Q2 FY26 and focusing on scaling revenue to move towards profitability.
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Inc42
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Yatra Q4: Profit Surges 2.7X To INR 15.2 Cr
- Yatra reported a consolidated net profit of INR 15.2 Cr in Q4 FY25, marking a 172% increase from the year-ago quarter.
- Operating revenue surged 87% to INR 218.9 Cr in Q4 FY25, but fell 6.9% from the previous quarter.
- Total expenses grew 89.2% to INR 215.2 Cr in Q4 FY25 compared to the same period last year.
- For the full year, Yatra's revenue from operations increased by 87% to INR 791.4 Cr, with a net profit of INR 36.5 Cr in FY25 compared to a net loss in the previous year.
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Pymnts
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Grammarly Secures $1 Billion Financing Amid Evolution Into AI Productivity Platform
- Grammarly secures $1 billion financing from General Catalyst’s Customer Value Fund for product innovation, sales and marketing scaling, and strategic acquisitions.
- The financing follows Grammarly's evolution into an AI productivity platform after acquiring Coda, integrating the two companies.
- The AI assistant by Grammarly aids users in brainstorming, composing, proofreading, paraphrasing, and suggesting tones, catering to over 40 million users with annual revenue exceeding $700 million.
- General Catalyst's investment is seen as a strategic enabler for Grammarly's growth, focusing on enterprise adoption through transformed workflows and communication across industries.
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ISN
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IPO-bound Imarticus Learning acquires MyCaptain for Rs 50 crore
- Imarticus Learning has acquired edtech startup MyCaptain for Rs 50 crore to deepen its presence in non-tech career education and expand in tier 2 and 3 cities.
- MyCaptain, founded in 2016, offers live cohort-based programs in creative and new-age career paths and has a user base coming mostly from tier 2 and 3 cities.
- The acquisition allows Mumbai-headquartered Imarticus to enter the college skilling segment and integrate MyCaptain's programs into its national infrastructure.
- Imarticus has been focusing on acquisition-led expansion in preparation for a potential IPO and aims to scale MyCaptain's offerings by 5X over the next three years.
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