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Inc42
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How AI-Powered Contracts Are Strengthening Financial Health In A Regulatory Shift
- AI is shaping the regulatory landscape as 60% of governments worldwide will adopt a risk management approach by 2028
- New and existing regulations impact many areas of commerce and create huge compliance challenges
- Significant financial penalties, litigation, and reputational damage can erode revenue and threaten a company’s long-term stability and growth
- Contracts serve as the foundation for every great compliance strategy and represent an opportunity to enforce regulatory standards
- AI-powered contracting solutions can extract obligations at scale and help ensure regulatory compliance clauses are adhered to
- Automating compliance with AI-driven solutions offers substantial benefits including detection of potential areas of non-compliance
- AI can suggest compliant language to optimize the contract and enables legal teams to focus resources on high-risk agreements
- AI in contracting brings potential cost-saving and revenue opportunities to the surface that might otherwise be overlooked
- Contract Intelligence finds value in agreements immediately and then enables continual performance across relationships
- This safeguards the company’s financial health by preventing unwanted revenue leakage that undermines the balance sheet
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Yourstory
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202
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Divine design: Community and creativity on spectacular display at Kolkata’s Durga Puja celebrations
- Durga Puja is celebrated with devotion and pomp by Bengali communities across the country and overseas, with the most spectacular celebrations held in Kolkata.
- Neighbourhoods across the city hold community celebrations at pandals with idols of Durga, Ganesha, Kartikeya, Lakshmi and Saraswati.
- The neighbourhood activities include community prayers and cultural programmes that encourage creativity and bonding. Large art installations by craftsmen and artisans funded by corporates and community support are also showcased.
- The art installations convey messages about environmental sustainability, preservation of local traditions, social change, and political reform, stimulating audiences to think about crucial issues.
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Yourstory
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FPIs take out Rs 58,711 Cr from equities in Oct on geopolitical crisis, strong Chinese stocks
- Foreign investors withdrew shares worth Rs 58,711 crore in October due to geopolitical crisis and strong Chinese stocks.
- FPIs had been net buyers in 2021, except for January, April, and May, data showed.
- Geopolitical conflicts and rising crude oil prices have increased market uncertainty and led to risk aversion among global investors.
- FPIs have been following a strategy of 'Sell India, Buy China' due to monetary and fiscal measures introduced by Chinese authorities to stimulate their economy.
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Startup Pedia
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332
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23-YO Builds AI Tool That Finds Hidden Job Postings From Social Media
- Yaseen Ammaar, a 23-year-old freelancer, created Sniff, an AI tool that finds hidden job postings from social media.
- Sniff collects job postings from LinkedIn, Twitter, and Freelancer, but it primarily focuses on unofficial channels like private groups on Telegram, Discord, and WhatsApp.
- Sniff gathers around 1,000 job posts per day and filters out spam and outdated listings, providing users with the most relevant and up-to-date jobs.
- The global freelance market, currently valued at over $2 trillion, presents significant opportunities for Sniff to tap into hidden job postings.
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Medium
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98
“The Importance of Market Research for Startups: Laying the Foundation for Success”
- Market research is crucial for the success of startups, as 42% fail due to a lack of market need.
- Startups that use thorough market research have a higher chance of adjusting strategies and meeting market demands.
- As startups scale, market research becomes even more critical, ensuring a smoother transition and higher success rates.
- Continual market research leads to higher growth rates for companies, according to a study by McKinsey.
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Yourstory
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From warehouse to customer: how IoT is revolutionising supply chains
- The Internet of Things (IoT) is revolutionising supply chain management by providing real-time visibility and enabling data-driven decision-making.
- Through wireless transmission and sophisticated software analysis, logistics managers obtain comprehensive insights into operations, from shipment inception to delivery. This transformative technology enhances efficiency, resilience, and sustainability, promising a future where logistics operations are more streamlined and responsive to market demands.
- IoT connects physical items to the digital world, changing how we track and manage operations. With real-time tracking and visibility, we can collect and analyse data more easily, making logistics more transparent and efficient.
- IoT devices such as RFID tags and smart sensors are revolutionising inventory management by providing real-time updates on stock levels, locations, and conditions. Streamlined operations minimises the risk of stockouts or overstocking, ensuring optimal inventory levels.
- Sensors on vehicles and machinery can detect anomalies and predict potential breakdowns, allowing for timely maintenance and reducing downtime. This predictive approach not only extends the life of assets but also ensures smooth operations and reduces unexpected costs.
- The benefits of IoT in logistics also include real-time tracking, which provides live updates on vehicle locations, ensuring that fleet managers are always in the loop. Fuel sensors help monitor fuel consumption, detect theft, and optimize fuel usage. These sensors provide accurate, real-time data on fuel levels and usage patterns, which can be critical for reducing operational costs and improving efficiency.
- IoT is disrupting obsolete supply chains by deploying a network of smart sensors and devices across the supply chain. Emerging technologies like artificial intelligence (AI) and machine learning (ML) are set to take things to the next level. Moreover, IoT is poised to enhance sustainability efforts.
- From better inventory management and streamlined operations to enhanced visibility and future advancements, IoT is transforming how supply chains function. The future looks promising as technology evolves.
- By optimising routes and reducing waste, companies can lower their carbon footprints. IoT is not just about making things more efficient; it’s about creating a more transparent, customer-friendly experience.
- In sum, IoT is making supply chains smarter, faster and more connected than ever before. It will bring more efficiency, transparency and sustainability in this field.
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Yourstory
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390
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Romance on the solo trail; Postcards from an ancient civilisation
- Boeing announces layoffs of almost 17,000 workers and warns of deeper losses to come; company also warns of delays in the launch of its 777X model, plans to discontinue the 767 cargo plane, and faces a $5 billion charge tied to troubled jet and defence programs
- US labour board accuses Apple of interfering with workers' rights by restricting their use of social media and workplace messaging app Slack; this is the second time this month that Apple has been accused by the labour board
- Elon Musk's SpaceX Falcon 9 rocket is set to return to flight after the US Federal Aviation Administration accepted the company's investigation findings and corrective measures
- Among Gen Z, a new trend is emerging in the search for meaningful relationships by going on solo travel adventures, with some travellers wanting to meet partners organically and others open to using dating apps; The Hosteller, a backpacker hostel chain, notes a rise in solo-travel bookings spearheaded by young people
- Egypt has a long legacy that fascinates travellers and archaeologists, and there is still much to discover within this ancient kingdom; from the Great Pyramids and Sphinx to the Step Pyramid and the Valley of the Kings, remarkable historical sites await visitors
- Avartana, a South Indian restaurant that combines authentic ingredients with progressive ideas, has become famous among Asia's 50 Best Restaurants; the menu's distinct options include Maya, Bela, Jiaa, Anika, and Tara along with dishes like lamb cheeks and quail, steamed seabass, and spiced aubergine
- China urges the European Union not to conduct separate negotiations on the price of China-made electric vehicles sold in the EU, warning it would disrupt tariff negotiations between the two trade partners; China pledges to "significantly increase" debt to revive economy
- Bain Capital makes a binding takeover proposal for Fuji Soft Inc. as it seeks to outmaneuver private equity rival KKR & Co., which has offered a lower price for the Japanese software developer
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Yourstory
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399
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'Founders go through falls, not failures': Rahul Chandra on entrepreneurship and success
- Rahul Chandra, MD at Arkam Ventures, has launched a book titled Tightrope to the Moon that unravels the mindset of successful founders. Chandra believes that founding a company requires immense energy, and lists specific behaviours that can lead to success when exhibited in a pattern. One of the biggest challenges faced by the founders is that of managing daily burn and sustaining relationships. He states that founders who remain grounded credit luck to a greater degree than those who are on a journey towards arrogance. By building products in a 500 million consumer space, startups can cater to those wanting to take their first few steps in the market.
- Having met over 3,000 founders in 25 years, Chandra believes that the journey of a founder can last from 10 to 15 years and requires a marathon mindset.
- According to him, founders go through falls and not failures. He emphasises that founders should be mindful of access, and build products in a 500 million consumer space.
- Smallcase and JAR are two examples that Chandra cites as being well-suited to the unserved Indian market. Smallcase's front end simplicty allows new users to easily adopt it, while JAR nudges you to save, regardless of how much money you have.
- Chandra believes that luck plays a key role in a start-up's success, but it is also important for founders to acknowledge the same in order to stay grounded.
- Chandra's book is aimed at being a handbook and companion to founders on their journey. The book was launched at YourStory’s flagship summit TechSparks 2024 in Bengaluru.
- At Arkam, Chandra's focus is centred around 'middle India' and aims to provide better access to financial services and products to the 500 million unserved Indians who are taking their first steps in financial planning.
- Founders should be mindful of access and build products in a 500 million consumer space. Simplification of the complexity behind products is also needed for widepsread adoption.
- Smallcase and JAR are two examples that Chandra cites as being successful for serving the unserved indian market, Smallcase's front end simplicty allows new users to easily adopt and JAR nudges you to save, regardless of how much money you have.
- Chandra believes that the fact that founders go through falls and not failures as a permanent feature of start-ups is a learning experience that should be adapted by everyone.
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StartupDaily
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AI edtech Build Club prompts $1.75m pre-Seed
- AI edtech platform Build Club has raised $1.75 million in a pre-Seed round led by Airtree and Blackbird.
- The startup offers project-based learning through its "bounty" system, partnering with AI companies such as NVIDIA and Groq.
- Build Club aims to meet the industry demand for an evolving AI workforce and provides hands-on experience through paid projects.
- After a successful bootcamp, the startup's Buildathon program plans to certify 2,000 new AI developers.
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Medium
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175
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An Idea of a Startup: Just Bad News Alerts
- Just Bad News Alerts is a startup idea focused on delivering personalized news alerts for critical negative news.
- The system works by customizing alert settings and focusing on the most severe news items about specific topics or entities.
- The default setting emphasizes the worst news, but users can adjust the temperature to tailor the alerts.
- This platform can be built using accessible platforms, such as NewsAPI.org, which allows developers to integrate keyword searches and language filtering into the app.
- This allows building a customized news alert system that filters news based on negative keywords or sentiments.
- By working with experts at NewsAPI.org, the complexities and barriers associated with tools like the Bloomberg Terminal can be avoided.
- Users can benefit from personalized control, proactive risk management, and financial vigilance, among other specialized features tailored to their needs.
- With this startup idea, users can stay informed without being overwhelmed by unnecessary information overload.
- Moreover, the system aims to prevent unnecessary panic by ensuring that alerts are relevant and actionable.
- Lastly, the company guarantees credible sources and reliable and trustworthy outlets to prevent misinformation.
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Medium
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291
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Leveraging Social Media for Startup Growth: A Step-by-Step Guide
- Choose the social media platforms that align with your target audience and business goals.
- Set SMART goals for your social media efforts and track progress using KPIs.
- Understand your audience and create a consistent brand story and visual identity.
- Create engaging content on a budget, plan your posts, and repurpose content across platforms.
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Tech Story
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Tiger Global-backed SaaS Firm Toplyne Shuts Down After 3.5 Years Due to Scaling Challenges
- Tiger Global-backed SaaS firm Toplyne has shut down after 3.5 years due to scaling challenges.
- The company struggled to attain scale or product-market fit, despite raising $17 million from investors like Tiger Global and Peak XV.
- Internal issues, including leadership disagreements and the departure of a co-founder, also contributed to the decision to shut down.
- The closure highlights the challenges faced by SaaS companies in the competitive industry and has implications for investors and stakeholders.
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ISN
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350
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'Worst decision of my life...': Why this entrepreneur called Bihar 'the land of frustration'
- Chandan Raj, CEO of Suresh Chips and Semiconductor, expressed frustration with Bihar's infrastructure and support for businesses, calling it 'the land of frustration.'
- Raj mentioned inadequate infrastructure and lack of support from the local administration as the reasons for the challenges faced by his company.
- He also highlighted the lack of assistance from the police when facing threats from gangsters.
- The District Magistrate of Muzaffarpur responded, stating that administrative approval had already been granted for road construction.
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21 Likes
Medium
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296
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Navigating the Innovation Funnel: Idea Generation
- Idea generation is the foundational step in the innovation process.
- Employees, customers, market trends, and external sources are valuable sources of ideas.
- Techniques such as brainstorming, mind mapping, SCAMPER, and hackathons can stimulate idea generation.
- Creating a safe and supportive environment encourages idea sharing and fosters innovation.
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AllTopStartups
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224
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Truck Driver Salaries: How Much Can You Earn with HMD Trucking
- Truck driver salaries are based on factors such as experience, location, and freight type; yearly earnings for drivers in the US range from $50k to $70k, but at HMD Trucking, experienced drivers can earn upwards of $80k.
- HMD Trucking drivers receive competitive pay packages, performance bonuses, and benefits like health insurance and retirement plans.
- To determine salaries, factors such as experience level, location, freight type, driving record, and compliance with regulations are taken into account.
- Drivers with years of experience have a greater capacity to demand higher wages, while specialized hauls and driving records can result in better compensation.
- HMD Trucking offers benefits such as paid time off, flexible scheduling, and training and development, which can lead to higher earnings.
- Northeastern truckers earn the highest wages, while Southern drivers earn an average between $50k and $60k and Midwest drivers earn between $55k and $65k.
- Entry-level drivers at HMD Trucking start at around $45k to $55k annually and, as they gain experience, can earn $60k to $75k annually.
- HMD Trucking pays a competitive base salary, performance-based bonuses, and retention bonuses; offers better benefits packages and home time compared to some competitors; and prioritizes training and career development for drivers.
- Maximizing earnings can be achieved through taking long routes, carrying specialized freight, acquiring hazardous materials or doubles/triples endorsements, maintaining the truck's condition, and networking.
- The future of truck driver salaries at HMD Trucking appears bright and dynamic, as the company adapts to growth in freight transportation demand and drivers' supply remains low, with technological advancements opening new avenues for higher salaries through up-skilling.
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