Top Trending Technology News & Highlights
Microsoft Unveils Copilot for Finance, an AI Solution to Simplify Tasks Associated with Enterprise Finance
Microsoft on Thursday unveiled Copilot for Finance, a new artificial intelligence (AI) tool designed to make everyday mundane tasks easier for financial professionals. The Copilot tool adds new features tailored to financial operations to the already-existing Copilot for Microsoft 365 stack, rather than creating a brand-new AI model. This AI tool, which focuses on enterprises, is currently in public preview. Notably, a recent update from the tech giant revealed additional features and significant enhancements for Windows 11.Microsoft presented its new AI tool in a blog post, pitching it as a means of allowing finance departments within businesses to focus on strategic tasks rather than tedious analysis and report writing. The business also cited a statistic from CFO magazine, stating that the "drudgery of data entry and review cycles" was cited by 62% of finance professionals polled as a reason they could not find time for strategic tasks. The tech giant claims that Copilot for Finance automates a number of financial tasks that would otherwise require users to put in long hours. It can accomplish a wide range of tasks, including using natural language prompts to conduct a variance analysis in Excel, reconciling data in Excel with automated data structure comparisons, giving a comprehensive summary of pertinent customer account details, transforming raw data into visuals and reports, and much more.
Published 04 Mar 2024 05:41 PM
This AI Worm Can Steal Data And Violate ChatGPT And Geminis Security
According to a report in Wired, researchers are now creating AI worms that can steal your private information and circumvent the security measures of generative AI systems like OpenAI's ChatGPT and Google's Gemini. The first generative AI worm, known as "Morris II," was developed by researchers at Cornell University, Technion-Israel Institute of Technology, and Intuit. It has the ability to spread malware and steal data from one system to another. It was given this name in honor of the very first worm, which was released online in 1988. "It basically means that now you have the ability to conduct or to perform a new kind of cyberattack that hasn't been seen before," explained researcher Ben Nassi of Cornell Tech. According to the outlet, the AI worm can get past some security measures in ChatGPT and Gemini by targeting a generative AI email assistant with the intention of sending spam and stealing email addresses. To create the generative AI worm, the researchers employed a "adversarial self-replicating prompt". They claim that in response to this prompt, the generative AI model generates an alternative prompt. In order to put it into practice, the researchers integrated ChatGPT, Gemini, and open-source LLM into an email system that could send and receive messages using generative AI. They also found two ways to use the system: one was to embed the question within an image file, and the other was to use a text-based, self-replicating prompt. In one instance, the researchers pretended to be attackers and sent an adversarial text prompt along with an email. By using retrieval-augmented generation, this "poisons" the email assistant's database and gives LLMs access to additional data from sources outside of their own. Retrieval-augmented generation, according to Mr. Nassi, "jailbreaks the GenAI service" when it retrieves an email in response to a user query and forwards it to Gemini Pro or GPT-4 for generation of a response. Eventually, this leads to data theft from the emails."The generated response containing the sensitive user data later infects new hosts when it is used to reply to an email sent to a new client and then stored in the database of the new client," he stated.
Published 04 Mar 2024 04:27 PM
Connecting Local Environmental Factors With UFO Sightings?
UFOs, or unexplained aerial phenomena, have long been observed in the sky. Although preliminary research produced no solid proof, a recent study proposes a connection between sighting sites and their environs. After looking over two decades' worth of UAP reports, researchers discovered that locations with clear skies, low light pollution, and unhindered views had a higher frequency. There could be a number of reasons for this correlation, including better visibility that makes it possible to see more unusual objects. The study emphasizes how crucial environmental variables are to the analysis of UAP sightings.Investigating UFO sightings, researchers at the University of Utah sought to determine if there was a relationship between the location of sightings and the surrounding environment. They examined close to 100,000 National UFO Research Center reports over a 20-year period (2001-2020). For every county in the continental United States, they took into account two factors: the likelihood that something might be up there (airports, military bases) and how clear the sky is (light pollution, clouds, trees). Due to the wide open spaces and darkness in the western US, the results indicated a higher number of sightings. It's interesting to note that locations with heavy air traffic or a military presence were frequently hotspots for reports. This implies that individuals may be perceiving real objects but are merely unable to identify them. Lead author of the study and University of Utah associate professor of geography Richard Medina explained, "The idea is that if you have a chance to see something, then it's more likely that you're going to see unexplained phenomena in the sky." "With more technology than ever in the sky, one must wonder: What are people really seeing? Answering this question is difficult, but it's crucial since any ambiguity could pose a risk to national security."
Published 02 Mar 2024 06:29 PM
Following the intervention of the center, Google agrees to restore Indian apps.
A dispute over service fees led to the removal of Indian mobile apps from the Play Store, but Google has started the process of restoring them. According to sources, the decision was made following a meeting between IT Minister Ashwini Vaishnaw and company representatives. Ten Indian companies' apps were removed by Google on Friday, causing controversy in one of its fastest-growing markets. With 94% of phones running on its Android platform, Google commands a large portion of the Indian market. Popular names like Naukri and Bharatmatrimony were on the list.The main point of contention is Google's in-app purchase fees, which range from 11% to 26%. Indian startups have long opposed the US tech giant's actions, believing them to be unfair.The creator of Bharat Matrimony, Christian Matrimony, Muslim Matrimony, and Jodii, Matrimony.com, expressed shock at the matchmaking apps' removal from the Google Play Store. Murugavel Janakiraman, the founder, described it as a "dark day" for India's internet, highlighting the possible broad effects on matchmaking services."One by one, our apps are being removed. It literally means that all of the best matrimonial services will be eliminated," Mr. Janakiraman stated, according to Reuters. We possess an enormous and dynamic startup ecosystem. To ensure that this ecosystem is preserved, we must take all necessary measures. Google has embraced Indian technologies quite well. Before meeting with Google representatives, the minister told NDTV, "I am quite hopeful that Google will be reasonable with its approach." Due to some policy infractions, Google temporarily removed the well-known Indian payments app Paytm from the Play Store in 2020. Following the change, the founder of the business and the larger startup community banded together to take legal action against Google and launch their own app stores.
Published 02 Mar 2024 06:10 PM
Technology
21st century is dedicated to the Technology and technology is dominating everywhere and every part of the world and almost all the industries are now a days is technology dependent or they need technology help to drive more scale and deliveries.
Network18 and ZEEL reveal the new RIO; modify channel prices and remove bouquets
A new Reference Interconnect Offer (RIO), which will go into effect on February 1, 2024, has been issued by Zee Entertainment Enterprises (ZEEL) Ltd. and IndiaCast, the distribution division of Network18.IndiaCast has introduced new bouquets and discontinued some of its older ones in the new RIO. Additionally, it has changed how much some channels cost. More than 25 bouquets, including Colors Wala Hindi Budget and Colors Wala Hindi Budget Plus, have been canceled by the distributor.(whose cost was Rs 25) and Colors Wala Hindi Value (whose cost was Rs 28). Colors Wala Hindi Value (Rs 34), Colors Wala Hindi Value Plus Sports (Rs 45), and Colors Wala Marathi Value (Rs 40) are among the new products that the distribution arm is selling.Some channels on Network18 have seen price increases, such as Colors Marathi, which was formerly only Rs 10 and is now Rs 15. In a similar vein, Colors Cineplex, which was formerly priced at Rs 3, is now Rs 19.
Ranbir and Konkana return in the most recent OPPO advertisement as
In order to promote the Oppo Reno smartphone series, smartphone manufacturer OPPO just revealed their newest ad. It stars Ranbir Kapoor and Konkana Sen Sharma as two of their most beloved characters, Sid and Aisha, from the movie "Wake Up Sid."The characters' afterlife is captured in the video commercial campaign. Ranbir, who portrayed the aspiring photographer Sid, is shown using the just released OPPO phone to record a significant occasion."Simply capturing life with a special friend, just like Sid!" is the film's tagline and main idea.Famous Innovations is the person who conceptualized the movie. "Reno 11 Series is positioned as a Portrait Expert with this campaign; the phone boasts a superior camera, and who better to bring that alive than everyone's favorite photographer character, Sid from Wake Up Sid?" an agency spokesman remarked in reference to the same. We made an effort to depict the characters' life changes and provide a window into a unique time spent with Ayesha, Laxmi, and Rishi. People would feel nostalgic after watching this movie and be curious to learn more."
Why 2024 will be a year of entertainment media mergers
An existential crisis is plaguing India's entertainment industry as a result of changes in customer behavior. Globally, traditional media companies are likewise having difficulty and are looking to consolidate in order to maintain their heritage operations and reduce losses from their digital endeavors. The OTT market is having difficulties as audience growth slows and content costs rise. Indian broadcasting companies are experimenting with hybrid OTT revenue models, but they are up against e-commerce sites and software titans for digital ad dollars. The industry is at a loss as to how to proceed, whether it be through mergers or modifications to business structures.Will the business of linear television face an acceleration of collapse by 2024? Will broadcasting businesses be merging this year? Will internet behemoths in the technology sector steal viewers and money from over-the-top (OTT) video streaming services, or will they be able to survive? India's sizable entertainment corporations are facing challenges from digitally-powered businesses and changing consumer behavior, leading them to ask some unsettling questions.
CCDT and MnM Talkies Work Together for Human Rights #KripyaDhyanDein
Leading content provider MnM Talkies, which specializes in audio stories and podcasts, has partnered with Committed regions Development Trust (CCDT), a nonprofit committed to helping impoverished children in underserved regions. Together, they hope to produce an engaging audio project that uses sound's immersive quality to highlight human rights abuses, especially those that impact women and children. By collaborating with CCDT, an organization dedicated to advancing fairness and defending the rights of underprivileged children and families, MnM Talkies raises awareness of the voices of people whose tales are frequently ignored. nearly the course of the last 30 years, CCDT's commitment to the Sustainable Development Goals established by the United Nations has had a significant influence on the lives of nearly 2 million children and families in distress throughout Maharashtra by propelling rights- and needs-based initiatives.Under the moniker "Kripya Dhyaan Dein" (Please Pay Attention), the cooperation has produced a number of audio wonders that aim to awaken the public and inspire them to pay attentive attention to the stories of persons around them. MnM Talkies and CCDT have skillfully communicated the urgency of human rights awareness, demonstrating sympathy with those impacted by abuses through fictional storylines grounded in real-life experiences. These powerful tales, which can be found on social media and different audio platforms, operate as a call to action for people to change the world and speak up in favor of human rights. This endeavor serves as a light of hope in the face of global human rights crises, inspiring listeners to deeply engage with these issues. The world needs transformative actions. In the spirit
MC Stan and MS Dhoni collaborate on Fire-Boltt
Leading Indian smart wearable manufacturer Fire-Boltt releases the #GaleTohMil advertisement, which stars the most unexpected pair—cricket great MS Dhoni and well-known Indian rapper MC Stan. This engaging movie seeks to showcase the exceptional qualities of Fire-Boltt's most recent invention, the ground-breaking Wristphone, which flawlessly blends the endless possibilities of a smartphone with the practicality of a smartwatch. With #GaleTohMil, Fire-Boltt showcases how technology is seamlessly incorporated into daily life while offering a new take on the marriage of sports and music.The video, which was conceptualized and filmed by the innovative powerhouse Moonshot, enthralls viewers with its distinctive fusion of humor, technology, and star power. The narrative takes place at a party, where MS Dhoni is approached by MC Stan and has an embarrassing encounter. As Dhoni struggles to remember Stan's name and songs, tension grows and the scenario takes an unexpected turn. The situation is amusing yet relatable.The story revolves around the Fire-Boltt Wristphone, which plays a pivotal role in saving Dhoni's life by giving him the knowledge he finds difficult to recall. The movie does a good job of conveying how useful the wristwatch is and why it is deserving of the hashtag #TheSmartestSmartwatch. "We are proud to introduce our first-ever Wristphone through this entertaining and engaging ad film featuring two iconic personalities, MS Dhoni and MC Stan," stated Arnav Kishore, CEO and Founder of Fire-Boltt. This wearable technology product is revolutionary, and we think the movie will do a great job of conveying to our viewers what makes it special. To guarantee broad visibility, the advertisement film will be heavily promoted on OTT channels and social media sites. Fire-Boltt wants to engage audiences from a varie
Here I am climbing: The films produced by Pramerica Life Insurance honor resiliency in many facets of life.
The debut of Pramerica Life Insurance's "This is My Climb" marketing campaign has been revealed. This campaign, which consists of two short videos, seeks to honor the many narratives of perseverance, goals, and purpose that characterize each of our unique experiences. Beyond the conventional marketing strategy, the campaign taps into the emotional center of the human experience, connecting with people at all stages of life. "Like any ascent, life's journey demands unwavering determination and unique challenges," stated Pankaj Gupta, MD, CEO of Pramerica Life Insurance. "We highlight the various aspects of purpose, commitment, and responsibility that each person exemplifies through the 'This is My Climb' campaign. Our goal is to become our clients' dependable bedrock—a partner as strong as a rock. We are dedicated to providing all of our stakeholders with a solid partner for every climb, no matter how big or small."Two powerful short films are used to tell the story of the campaign. The first movie depicts a father's journey and goals in a way that is relevant. We witness his dedication, as he lays aside his own goals and aspirations to support his child's aspirations. Regardless of the size of the obstacle, he views it as a climb he must do with perseverance and selfless sacrifice in order to reach his child's future. He reflects the essence of every parent who puts their child's aspirations ahead of their own, finding strength in their adversities and delight in their successes. The family of a defense member is shown in the second film as they follow him on an emotional journey of unwavering support and pride as he achieves new heights in dedication and commitment. Seeing this movie makes me think about Pramerica Life Insurance.President and Chief Business Officer of Pramerica Life Insurance Karthik Chakrapani stated, "The beauty of 'This is My Climb' lies in its breadth of perspectives." Each story has a distinct resonance, ranging from the ethos of a defense man and his family for the nation's sovereignty to the resolve of a father for his child's future. We encourage readers to interact with these motivational stories, look for themes in their own ascents, and join us in honoring the human spirit. Under the direction of Paritosh Srivastava, Chief Executive Officer, Oindrila Roy, Managing Director, and Heads of Creative Srijan Shukla and Pratheeb Ravi, who are renowned for telling gripping stories, Publicis Worldwide India has artistically produced this campaign. Their combined knowledge and commitment have been essential in obtaining
A viral tweet claims that the rasam bus ad in Bengaluru is insulting both north and south India Internet split
An online discussion has been triggered by an outside advertisement for Indira's Rasam Paste on a Bengaluru bus. Some online users have criticized the advertisement for being "sexist" and "regionalist." Some countered that the advertisement was not controversial in any way. The advertisement's wording said, "Wife North India aa?" (Is your wife North Indian?) implies that northern women are incapable of preparing rasam.Tejas Dinkar, an X user, initially brought the advertisement to the attention of the internet by accusing the company of being chauvinistic. "Today in ads that manage to be sexist while also insulting both North and South India (from r/bangalore)," he said. A heated discussion about whether the advertisement is offensive or not broke out in the comment area. X user Tejas Dinkar shared a picture of the advertisement, which attracted public notice. He expressed his disapproval in the caption, calling the advertisement "sexist" and "insulting" to people in both North and South India.
Raaya's integrated marketing mandate is won by With & Chai Group.
Men's ethnic clothing company Raaya has awarded the marketing mandate to Pune-based advertising firm Wit & Chai Group. Following a multi-agency pitch, the mandate was acquired by Wit & Chai in October 2023.With online and offline promotions, Wit & Chai Group hopes to raise awareness of Raaya and bolster its standing as a high-end menswear brand. "Wit & Chai gave a strong pitch, and we think working with them will help our brand reach new audiences. Our goal is to set Raaya apart as a luxury brand that is reasonably priced and to highlight our exceptional craftsmanship. Preshit Jain remarked, "We are confident that Wit & Chai has our best interests at heart.Furthermore, Wit & Chai Group partner Nahush Gulawani added, "We are thrilled to collaborate with a brand like Raaya that has such an intriguing focus: men's ethnic apparel. We are eager to collaborate with the Raaya team and use our skills to further improve the brand image. Men's ethnic clothing company Raaya has awarded the marketing mandate to Pune-based advertising firm Wit & Chai Group. Following a multi-agency pitch, the mandate was acquired by Wit & Chai in October 2023.With online and offline promotions, Wit & Chai Group hopes to raise awareness of Raaya and bolster its standing as a high-end menswear brand. "Wit & Chai gave a strong pitch, and we think working with them will help our brand reach new audiences. Our goal is to set Raaya apart as a luxury brand that is reasonably priced and to highlight our exceptional craftsmanship. Preshit Jain remarked, "We are confident that Wit & Chai has our best interests at heart.Furthermore, Wit & Chai Group partner Nahush Gulawani added, "We are thrilled to collaborate with a brand like Raaya that has such an intriguing focus: men's ethnic apparel. We are eager to collaborate with the Raaya team and use our skills to further improve the brand image.
A diagnostics business is getting ready to launch a blood testing product in Austin and San Antonio.
Babson Diagnostics has successfully obtained important FDA clearance for its blood testing products following years of cooperation and trials. Listen to the most recent episode of Texas Business Minds to hear about the startup's history, its funding efforts, and the Texas towns it plans to debut in this year, including San Antonio.A diagnostic firm is getting ready to launch a blood testing product in Austin and San Antonio. Babson Diagnostics has successfully obtained important FDA clearance for its blood testing products following years of cooperation and trials. The creator of Babson Diagnostics is getting ready to introduce a cutting-edge blood test device. The founder, COO, and chairman of Austin-based Babson Diagnostics, a blood testing firm, is Eric Olson. He was recently a guest on the Texas Business Minds podcast.
Google to remove 17 underutilised features from Assistant: Here is the complete list
Google announced that it will remove 17 skills from Google Assistant starting January 26. In a recent blog post, the company said that these were some of the most underutilised features and that users would get a notification about skills that would not be available after a certain date. Here’s the full list of commands which will soon stop working on Google Assistant. The company is also making some changes to the Google app, with the microphone icon now triggering search results. While you can continue using the ‘Hey Google’ or ‘Ok Google’ keywords to trigger the digital assistant, the microphone icon in the Google app search bar will no longer be able to complete actions like turning off the light or sending messages. The change affects the microphone icon in the Pixel Search bar as well, which will now trigger voice search instead of Assistant. Google says that it is doing so to offer an improved user experience and that these skills weren’t used much in the first place. But this might also be a glimpse of what’s about to come. The company is also reportedly rebranding Google Assistant to ‘Assistant with Bard’, but a new report suggests it might rename the product to just ‘Bard.’ With Samsung rumoured to offer on-device generative AI features on the upcoming Galaxy S24 series and Microsoft Copilot directly competing with Bard, it looks like Google’s recent move may be a part of a bigger restructuring plan we might not know about. Ability to play and control audiobooks on Google Play Books.Settings or using media alarms, music alarms and radio alarms on Google Assistant-enabled devices.Managing cookbooks, transferring recipes from one device to another, playing instructional recipe videos and showing step-by-step recipes.Managing stopwatch on Smart Displays and Speakers.Using voice to call a device or broadcast messages on Family Group.Ability to send email, video or audio message using voice.Rescheduling events in Google Calendar with voice.Using the app launcher to read and send messages, make calls and control media in Google Assistant driving mode.Ability to schedule or hear previously scheduled Family Bell announcements.Asking Google Assistant to meditate with Calm.Control activities with voice on Fitbit Sense and Versa 3.Viewing sleep summary on Google Smart Displays.Calls made from Smart Displays and speakers will no longer show caller ID unless it’s made on Google Duo.Smart Displays will no longer show the ambient ‘Commute to Work’ time.Checking personal itineraries using voice.Using voice to perform actions like making payments, making reservations or posting to social media.Asking for information about contacts.
India leads the world in average yearly PM2.5 levels and dominates the worldwide indoor air pollution chart.
Dyson just published the results of the Global Connected Air Quality Data project by analysing indoor air quality information collected using over 2.5 million Dyson air purifiers via the MyDyson app, where, India recorded the highest average annual PM2.5 levels when compared to countries like China, Turkey, UAE, and South Korea. The study reports that, in all the countries, the monthly average indoor PM2.5 levels exceed the WHO long-term exposure guidance for at least six months in a year with winter being the most polluted season in all geographies. In India, the levels exceed the WHO guidance every month of the year. The study also highlights that Delhi is amongst the most affected cities when compared to Beijing, Shanghai, Shenzhen, and Busan. The report also highlighted that, in Delhi, the air inside the home was 15 per cent more polluted than outside air. The study focuses on two different types of pollutants — particulate matter (PM) 2.5 and Volatile organic compounds (VOCs), where, PM 2.5 particles will be as small as 2.5 microns in diameter, which will be invisible to the naked eye and can be inhaled. These particles are usually generated by wood burners, gas cooking, heating, pet dander, ash, and dust. In cities like Delhi, the indoor air gets 48 per cent dirtier in winter, especially during nighttime. The study highlights the need for an effective air purifier to remove a wide range of pollutants from the air, which includes technologies like HEPA filtration.Transform your home entertainment with the finest TVs from top brands, available at remarkable prices at the Amazon Sale today. Explore the captivating visuals of Redmi, the cinematic brilliance of Sony, and the cutting-edge innovation from Hisense, Samsung, LG, VU, and more. Don't miss out on these exclusive Amazon offers that bring these premium TVs within reach. Upgrade your home entertainment setup today, and seize the opportunity to enjoy the best prices on top-notch TVs.Unveil an immersive home entertainment experience with the Redmi (32) F Series, priced at just Rs 10,999 at the Amazon Sale. This HD Ready TV offers a 60Hz refresh rate, 178-degree viewing angle, and a metal bezel-less screen for captivating visuals. Its connectivity features include Dual Band Wi-Fi, 2 HDMI ports, 2 USB ports, Bluetooth 5.0, and more. With 20 Watts Output, Dolby Audio, and DTS Virtual: X, you can enjoy a powerful audio experience. This smart TV integrates Fire TV, supports popular apps, and features a voice remote with Alexa. Overall, this is one of the best deals at the Amazon Sale.Experience the brilliance of Sony TVs with jaw-dropping discounts – enjoy a minimum of 45% off during the Amazon Sale 2024. Click on the link below to explore and grab some of the best-selling TVs and upgrade your home entertainment without breaking the bank.
Apple gets a brand new office in Bengaluru, Galaxy S24 series launch
Tech News Today (January 17, 2024): Apple gets a brand new office in Bengaluru, and Samsung is gearing up for the launch of the Galaxy S24 series of smartphones with AI features. Tech News Today in India: Apple’s 2nd office in Bengaluru is located at Minsk Square near the M Chinnaswamy cricket stadium, and Samsung’s Galaxy Unpacked 2024 will be hosted today, where, the company will announce the Galaxy S24 series of smartphones. Apple opens a brand new, and a second office space in Bengaluru, located at Minsk Square near to the M Chinnaswamy cricket stadium. The new office space can accommodate up to 1,200 employees and the company also has offices in other Indian cities such as Hyderabad, Mumbai, and Gurugram. Xiaomi's new 360 Home Security Camera 2k is now on sale. Priced at Rs 3,299 the security camera offers up to 2K resolution videos with 360 panorama view. The camera is also capable of detecting humans using AI, and it also supports two-way audio for easy conversations. Google partners with NCPI to take UPI to the global state. According to the latest announcement, this new collaboration will soon enable people to pay using UPI outside India. However, right now, there is no information on which countries will benefit from this development. Motorola's latest budget 5G smartphone with a vegan leather back panel -- G34 is finally going on sale for a starting price of Rs 10,999 with a Rs 1,000 exchange bonus. The smartphone is powered by the Snapdragon 695 SoC, and it comes with 4/8 GB RAM and 128 GB of internal storage. The smartphone will be available exclusively on Flipkart and motorola.in.Designed to accommodate up to 1,200 employees, the 15-floor office boasts dedicated lab spaces, collaborative areas, wellness zones, and Caffe Macs. The Caffe Macs is a food and beverage service for Apple employees.Utilizing locally sourced materials such as stone, wood, and fabric in walls and flooring, the interior incorporates a touch of Bengaluru's essence. The office also incorporates numerous local plants, contributing to a green and eco-friendly ambiance.Apple emphasizes its commitment to sustainability, stating that the new office operates on 100 percent renewable energy and aspires to achieve a LEED (Leadership in Energy and Environmental Design) Platinum rating, the highest level of LEED certification for green buildings.Apple has maintained carbon neutrality for its corporate operations since 2020 and powered all its facilities with 100 percent renewable energy since 2018.
Scientists claim this soil-powered fuel cell can ‘run forever’
This fuel cell generates power with the help of microbes in the soil and can potentially be used in green infrastructure and precision agriculture applications. The fuel is around the size of a book and can potentially be used to fuel underground sensors used in green infrastructure and precision agriculture. It could become a sustainable, renewable alternative to batteries that use toxic and flammable chemicals which could leak into the ground when used in the soil. Also, the materials used to manufacture batteries come through conflict-affected supply chains and contribute to electronic waste. The researchers tested the new fuel cell by using it to power sensors that detect touch and measure soil moisture and published the results in Proceedings of the Association for Computing Machinery on Interactive, Mobile, Wearable and Ubiquitous Technologies. The former capability can be used for tracking passing animals. The researchers also added a tiny antenna to the soil-powered sensor to transmit data to a nearby base station by reflecting existing radio frequency signals. “The number of devices in the Internet of Things (IoT) is constantly growing. If we imagine a future with trillions of these devices, we cannot build every one of them out of lithium, heavy metals and toxins that are dangerous to the environment. We need to find alternatives that can provide low amounts of energy to power a decentralized network of devices. In a search for solutions, we looked to soil microbial fuel cells, which use special microbes to break down soil and use that low amount of energy to power sensors. As long as there is organic carbon in the soil for the microbes to break down, the fuel cell can potentially last forever,” said Northwestern alumnus Bill Yen, who led the work, in a press statement. ‘Soil-based microbial fuel cells (MFCs) are not new. They were first created in 1911 and they operate not all that differently from a battery. They have an anode, a cathode and electrolyte. But instead of using chemicals to generate electricity, they harvest electricity from bacteria that naturally give out electrons to nearby conductors. These electrons from anode to cathode to create an electric circuit. “Although MFCs have existed as a concept for more than a century, their unreliable performance and low output power have stymied efforts to make practical use of them, especially in low-moisture conditions,” added Yen. This is because they need to stay hydrated and oxygenated to operate without disruption, which is quite difficult in dry dirt. But the new fuel cell developed by the researchers has a secret ingredient that makes it perform better under dry conditions — its geometry. Instead of using a traditional design in which the anode and the cathode are parallel to one another, this one uses a perpendicular design. The researchers found this fuel cell design generated 68 times the power needed to operate the sensors and was also strong enough to withstand large changes in soil moisture. Interestingly, the researchers say all components of the soil-based MFC can be purchased at a local hardware store. Also, theoretically, as long as there are microbes and carbon in the solid for the former to break down, the battery can keep running indefinitely.Meanwhile, the lower end of the cathode will remain nestled beneath the surface, and this makes sure that it stays hydrated from the moist soil there even when the top soil dries out in the sunlight. One part of the cathode is coated in waterproofing material to make sure that it can breathe even during a flood.
AI Will Have a Transformative Impact on Software Development in 2024
Another unpleasant hallmark of 2023 is its reputation for human error in costly security breaches. Verizon’s 2023 Data Breach Investigations Report declared that the human element is prominent in 74% of all breaches.Mistakes such as privilege misuse, accidental data exposure, and falling victim to social engineering attacks stem from various human factors and the critical consequences of the compromise of secrets, lamented Ev Kontsevoy, CEO & co-founder at Teleport, developer of the Teleport open infrastructure access platform.This prevalence of issues has resulted in organizations embracing biometric hardware and identity verification. But attackers, rather than solely fixating on stealing passwords, are now actively seeking a range of secrets embedded within an organization’s infrastructure, including browser cookies, private keys, API keys, and session tokens, he offered.“To keep up with the pace of threats, organizations will recognize they must move to fully secretless authentication in 2024 to secure the wider spectrum of sensitive access points still vulnerable to threats,” Kontsevoy told TechNewsWorld. He predicted that the widespread adoption of secretless access in the coming year will create immunity to human error and significantly hamper threat actors’ operations. Kontsevoy pulls no punches in describing the changing events software developers will have to execute. A significant change will involve a historic shift in how companies approach network security. Gone will be the IT-centric strategy of dedicated security teams. “We’ll see the role of security teams shifting to those of consultants and auditors, with engineering teams responsible for choosing vendors and implementing security protocols,” he added. “Cybersecurity teams will be responsible for policy and ensuring that workflows and systems meet security requirements.”According to Yoav Abrahami, chief architect and head of Velo at website building platform company Wix, we are in the midst of a massive information revolution sparked by OpenAI, and artificial intelligence tools will continue to augment other developer integrations, he shared.These will include innovations in DevOps, data mining, and project management. Core web vitals will become more critical, forcing developers to put more emphasis on it, he observed.“Developers are shifting from their local workstation to a cloud workstation. Those who make the leap will stay ahead of the curve,” he told TechNewsWorld.Parallels exist between AI and low-code use cases and adoptions. AI is helping organizations and individuals to analyze, interpret, and manage massive data sets, create initial drafts of content, find answers to questions, and read medical images such as X-rays, according to Digibee CTO Peter Kreslins.Legacy systems will become much less in existence in 2024. They can be described simply as systems that are in place and working. “That is a reasonable but perhaps too charitable description. The reality is that legacy software is a substantial barrier to innovation and change,” Kreslins said.The capability of modern integration platforms to integrate legacy systems with current systems enables organizations to continue using legacy systems that perform well as part of their modern IT stack if they prefer.
Fear of Cyberattacks on Smart Devices: 1/3 of Americans worry about their smart gadgets being hacked
Top devices raising concerns among consumers are the Amazon Echo, security cameras, Google Nest thermostats, smart doorbells, and smart TVs, revealed the research by CraftJack, a construction contracting services provider in Evanston, Ill. Four out of five of those devices — with the exception of smart doorbells and the addition of smart locks — ranked among the top five devices consumers said they wouldn’t allow into their houses over privacy concerns, noted the study, which was based on a survey of 807 Americans ranging in age from 18 to 79 who have internet-enabled devices in their homes.“We’ve had substantial issues with people hacking nanny cams and laptop cameras in order to get a view into homes,” he told TechNewsWorld. “While security over this class has improved, the desire and tools to hack into these devices have been increasing, making it ever more critical that security should be one of the considerations when purchasing smart home tech.”Given the proliferation of smart devices in the home, added Mark N. Vena, president and principal analyst at SmartTech Research in San Jose, Calif., this is an incredibly under-reported topic.“The increasing integration of smart devices into daily life raises concerns about cybersecurity,” he told TechNewsWorld. “Consumers worry about the potential hacking of these devices, risking privacy invasion, data theft, and even physical harm.”“From smart home appliances to wearables, vulnerabilities exist, demanding robust security measures,” he continued. “Breaches can compromise sensitive information, leading to financial loss or identity theft.”“As reliance on interconnected devices grows, addressing these concerns becomes crucial to ensure a secure digital environment for consumers globally,” he said.While consumers should be worried about the risk they bring into their homes with smart devices, it should be the same kind of worry that drives homeowners to lock their doors, maintained John Gallagher, vice president of Viakoo Labs, an enterprise IoT security company, in Mountain View, Calif. “Any IP-connected device comes with concerns of it being hacked, especially smart devices because they can carry personal information and also often will have business information,” he told TechNewsWorld.“In some ways, the risks for consumers are less than IoT devices in the enterprise,” he continued, “where threat actors have access to more devices and likely more of a payout from their exploits. However, even in the home, the risks should be assessed on a device-by-device basis.”
Tiger Woods Net Worth and Businesses—PGA, Nike, Gatorade, and a Mini Golf Chain
Golf legend Tiger Woods may have parted ways with Nike after 27 years, but he has made millions from his career as a pro golfer and lucrative endorsement deals with other major brands including Gatorade, Rolex, and Monster Energy. Considered one of the best golfers of all time, Woods is one of the few billionaire athletes in the world—and is only the second active athlete who is a billionaire, behind NBA star LeBron James. Woods has a net worth of $1.1 billion as of January 2024, according to Forbes.1 Here's how Tiger Woods built his fortune. In his 27-year career as a professional golfer, Woods accumulated 106 worldwide wins and 15 majors. He has 82 PGA Tour wins, tied with golfer Sam Snead for the most PGA Tour wins in history.Throughout his career as a pro golfer, Woods has earned about $1.8 billion, according to an estimate by Forbes.1 Woods has also earned a record-setting $121 million in prize money from PGA tours.3 PGA Tour. "Career Earnings."However, Woods' impressive earnings from golf are not the only way he amassed his wealth—in fact, they account for less than 10% of his net worth, according to Forbes. The rest of his fortune comes from major endorsement deals and a series of business ventures.Woods' 27-year partnership with Nike certainly contributed to his massive fortune as the sporting company was his biggest backer. Woods' deal with Nike was said to be worth about $500 million throughout the life of the contract. That's not the only major partnership Woods had, though. The golfer had a lucrative tie-up with sports drink company, Gatorade, which paid him an estimated $100 million over several years. However, the company ended its partnership with Woods in 2010 after news of several extramarital affairs surfaced. AT&T and technology consulting company Accenture were also among the brands that ended their partnerships with Woods at the time. Woods partnered with energy drink company, Monster Energy, in 2016 and has continued his endorsement deal with them. The pro golfer has been seen playing out of a Monster-branded golf bag and has also represented the brand's other drink, Monster Hydro Super Sport since 2022.Several of Woods' businesses have to do with golf—he owns a golf course design firm, TGR Design, golf simulator tool Full Swing, as well as an indoor mini golf chain, Popstroke. Popstroke has nine locations across Florida, Arizona, and Texas and anticipates opening an additional 15 sites in 2024 and 2025.Woods is also a shareholder in global real estate development company Nexus Luxury Collection, along with singer Justin Timberlake. In October 2023, the company announced that Woods and Timberlake will be opening a sports and entertainment gastropub in St. Andrews, Scotland, through Nexus. The premium venue includes dining and lounge areas, and Woods' own Full Swing golf simulators.Woods is no stranger to real estate and has bought and sold multiple million-dollar properties. His home on Jupiter Island costs an estimated $54 million.
New Worker Classification Rule Could Disrupt the US Gig Economy
Uber drivers and other gig economy workers could be legally classified as employees under a new Department of Labor rule that goes into effect in March. The new rule already faces at least one lawsuit, filed by freelance writers who want to remain "independent contractors" rather than employees. Employees are entitled to overtime pay, minimum wage, and other benefits not available to contractors.While people who work as contractors value the flexibility, employment law experts say there's no reason employers couldn't offer flexible hours alongside employee status and the benefits that go along with it. App-based ride-sharing services such as Uber (UBER) and Lyft (LYFT) earned the title of “disruptors” for the way they drove traditional cab companies out of business. Now, they’re trying to fend off the disruption that could be coming for them, in the form of a new federal labor rule. A new regulation on worker classification released this month is already facing at least one legal challenge, and will likely see more pushback from gig economy companies whose business model it threatens. The new law could turn the gig economy upside down, and affect many of the estimated 22.1 million Americans who work as independent contractors, employment experts say. Earlier this month, the Department of Labor released details on a rule setting standards on when a worker counts as an employee as opposed to an independent contractor, entitling them to overtime pay, unemployment insurance, and a slew of other benefits under the law. The new rule, first proposed in 2022, is set to go into effect in March.This week, a group of freelancers, including three New Jersey-based writers, sued the Department of Labor to overturn the new rule. At least one major business lobbying group is also considering legal action. Should the government give “employee” status to workers currently classified as contractors, it would threaten the business models of companies such as Uber, Lyft, and Doordash (DASH), whose contract workers cost their employers much less than traditional employees would.Uber and the Flex Association—a trade group representing gig economy companies—both released statements last week saying that the rule would have no immediate impact on their businesses. “This rule does not materially change the law under which we operate, and will not impact the classification of the over one million Americans who turn to Uber to earn money flexibly,” Uber’s statement reads.
Edtech Eruditus considers an IPO as it joins the line of Indian firms doing reverse flips.
According to persons with knowledge, the edtech unicorn Eruditus intends to relocate its headquarters from Singapore to India. It will become the next in a long line of foreign-domiciled firms planning a homecoming. Now let's get started:SoftBank-backed comeback child In preparation for a flip back to India, Eruditus is in talks with several law firms and two of the Big Four firms. The decision is related to its intentions for this possible IPO, considering that markets are valuing profitable companies at multiples of their earnings. Eruditus, a company devoted to higher education, is worth $3.2 billion.Drawing a straight line: Indian startups with foreign holding corporations are in different stages of returning to India from places like Singapore and the US. The plans of digital payments company Razorpay to "reverse flip" from the US to India were originally covered by us in May of last year. Together with e-commerce firms Udaan and Meesho, other fintechs including Groww and Pine Labs have also entered the list. Fintech companies are primarily concerned with regulatory matters; nonetheless, some are relocating their registered firms in order to go local public.Numbers game: With revenue of Rs 3,322 crore ($400 million) for the fiscal year 2023, Eruditus is currently the second-largest edtech in India. The business, which reports from July to June, saw a 75% increase in full-year revenue over the prior year.Byju's, the front-runner, has not yet released its audited FY23 financial statements. According to people with knowledge, the troubled company has made over Rs 5,000 crore in sales but has lost more than Rs 8,200 crore. They stated that although it has not yet submitted its FY22 profits to the Registrar of Companies, it has given the investor access to the financials.Overview. Unicorn Edtech Eruditus plans to "reverse flip," or move their domicile from Singapore to India. Pine Labs, Udaan, Razorpay, and Groww are just a few of the Indian online companies that Eruditus is joining. Eruditus is assessing going public on the local stock exchanges.As of fiscal 2023, Eruditus has amassed revenue of Rs 3,322 crore ($400 million), making it the second largest edtech company in India. The business, which reports from July to June, saw a 75% increase in full-year revenue over the prior year.Byju's, the front-runner, has not yet released its audited FY23 financial statements. According to people with knowledge, the troubled company has made over Rs 5,000 crore in sales but has lost more than Rs 8,200 crore. They stated that although it has not yet submitted its FY22 profits to the Registrar of Companies, it has given the investor access to the financials.
Zomato Notices An Increase In Sovereign Fund Stakes From Singapore And Kuwait
Large sovereign investors from Kuwait and Singapore increased their interests in the listed foodtech startup Zomato at a time when unicorn makers Tiger Global and SoftBank had completely exited the market.Kuwait Investment Authority reportedly purchased 88 million shares in the September quarter and then added an additional 6.7 million shares in the December quarter, increasing its interests, according to an ET report. Conversely, during the December quarter, Temasek, the national fund of Singapore, purchased 95 million shares in the business. Temasek already had 169 million shares through its investment subsidiary.The nation's mutual funds have increased their holdings in Zomato by twofold in addition to the sovereign funds. Mutual funds held a 12.34% interest in the company as of December 2023, about twice as much as they had owned 5.72% of the same time the previous year. As was previously said, it's interesting to note that these changes happened at the same time as institutional investors SoftBank and Tiger Global were pulling out of Zomato.Tiger Global sold 12.24 Cr shares, or 1.44% of the foodtech behemoth Zomato, in open market transactions in August of last year.According to the BSE's bulk deal data, Tiger Global's investment vehicle Internet Fund III Pte Ltd sold the shares in several tranches at an average price of INR 91.01 Cr. The venture capitalist received INR 1,123.84 Cr. in total for the shares that were sold. The prominent French bank Societe Generale purchased the majority of these shares. The other buyers of the offloaded shares were BNP Paribas Arbitrage, Axis Mutual Fund, Morgan Stanley Asia Singapore, Societe Generale, and Kotak's midcap fund.By the end of June 2023, Tiger Global's Internet Fund III owned 1.44% of Zomato. Masayoshi Son-led SoftBank exited the foodtech behemoth situated in Delhi-NCR just last month when it sold 9.35 Cr of Zomato shares in an INR 1,127 Cr block sale.Among the buyers of these shares were Morgan Stanley Asia Singapore, Invesco, ICICI Prudential Insurance, Goldman Sachs (Singapore), and Kadensa Capital.In a block transaction worth INR 621.6 Cr earlier this month, Motilal Oswal Mutual Fund sold 4.5 Cr shares of Zomato for INR 138.15 apiece. The company's stock fell 3% as a result of this block transaction. On January 20, 2023, at the closing bell, Zomato's shares traded for INR 130.10.
JUMPSTART 2024 IS LAUNCHED BY WEWORK LABS TO SUPPORT EARLY-STAGE START-UPS
WeWork India's investment and acceleration division, through its Growth Campus initiative, would give entrepreneurs discounted access to workspaces, a chance to network with founders, investors, and mentors, and the chance to apply for $200,000 in pre-seed money through investments.WEWORK LABS, THE investment and acceleration division of WeWork India, launched Jumpstart 2024 on Saturday. The program's objectives are to assist early-stage start-ups by introducing them to mentors and the investor community, giving them access to workspaces at a discounted rate, and providing them with a $200,000 seed investment in capital.vStartups and entrepreneurs can get discounted access to workplaces worldwide through WeWork Labs' Growth Campus program. They can also grow their businesses by interacting with mentors, investors, and founders, and they can receive up to $200,000 in pre-seed funding through investments.The arm's goals are to support fledgling companies with idea and product validation, early customer acquisition, market expansion, recruiting, mentorship, and funding.For instance, WeWork will work with founders and carry out the product idea validation using its mentor community within its vast network, explained Arvind Radhakrishnan, associate director and head of WeWork Labs, WeWork India.For example, according to WeWork India's associate director and head of WeWork Labs Arvind Radhakrishnan, WeWork would collaborate with founders and use its extensive network of mentors to validate product ideas."We'll streamline the entire product testing process so that the founder sets up their product for testing in a single conference room. After that, they fill out a brief form with information and leave knowing if their product is useful or not. Would anyone purchase it? "What else should I include in the product roadmap to improve its usefulness?" "And what would the cost be to the people?" Thus, that saves a ton of time, he remarked.Access to WeWork Labs' tech stack, which will aid companies in expanding their operations into new markets, will also be made available through the Growth Campus program. "We identified 13 business building domains for our partner stack, starting from fundamentals like Cloud, Sales, Marketing, Finance, Legal, and even Mental Health," stated Radhakrishnan. WeWork Labs began identifying leaders in these industries with startup-friendly services that address problems with the least amount of friction, he continued. Among the partners are Google, IBM, and AWS. The investment and acceleration division has developed a thesis to identify viable startups and has chosen the consumer services and retail, fintech, healthcare, construction and property tech, and SaaS as their focal areas for further development.WeWork Labs now offers 330 businesses subsidized offices, and by the end of the next year, it hopes to have increased that number to 1,000. WeWork India established its investment and acceleration division in 2018 in an effort to support early-stage companies by providing them with subsidized workspaces and carefully selected founder communities. This was done because the real estate provider was drawing a lot of small-sized teams and enterprises. WeWork Labs did not, however, decide to begin providing financial support for the entrepreneurs until 2023. You are capable of doing all of things, but capital is the kind of fuel that is required. The goal of startups is to turn a profit. WeWork Labs provided funding for our modest start in 2023 after several variations on how to approach this, according to Radhakrishnan."Rather than adding something to the offerings, I think what I want to focus on is being able to deliver it at scale," he said in response to a question about future offerings WeWork Labs wants to add to the program. In addition, he stated that he would like to see the mentorship community grow, enter new markets, serve micromarkets, and switch to larger checks.
Wow! Momo To International Battery Company: $136 million was raised this week by Indian startups
Following the $1 billion that start-ups raised in December, just around one-fourth, or $250 million, has been raised in the first three weeks of January. The start-ups had raised $145 million and $58 million in the preceding two weeks, respectively. Up till the most recent week of January 19, 2024, 21 start-up agreements raised $136 million for startups. Once more, a small number of names dominated the start-up story in the section.There were just 21 deals this week as opposed to 25 deals the previous week. That suggests that there are a lot of middle-tier transactions that typically cost between $4 and $5 million. Due in major part to the significant money raised by start-ups in the second and third week of December 2023, the start-up funding in the most recent week was -41.9% lower than the average of the previous five weeks. This is the tale of the last six weeks' startup fund-raising.The start-up financing for the most recent week, which concluded on January 19, 2024, decreased by -12.4% week over week but significantly decreased by -41.9% when compared to the average of the previous five weeks. The start-up funding for the week really represented the second week in a row that it exceeded $100 million. The start-up funding has remained above $100 million for four of the past six weeks. Though the amount of start-up funding in the last two quarters has remained much lower year over year, it is evident that the momentum from December is carrying over into January as well. This is the tale of the week's biggest start-up fundraising deals, along with the financiers' information and the application of Whoa! Momo receives $42 million to grow its QSR business. Leading QSR start-up brand in India, Wow! Momo, is set to get an investment of $42 million (Rs350 crore) from Khazanah Nasional Bhd, the Malaysian Sovereign Fund. A combination of primary and secondary infusions will be invested. In addition to Khazanah, Wow! Momo's departing investor, OAKS Asset, would provide Rs60 crore to the startup investment round. The company plans to use the capital round to support the quick service restaurant (QSR) brand's rapid growth and expansion. Additionally, money will be used to support R&D and distribution. In addition to its main Wow! Momo brand, other well-known brands it carries include Wow! China and Wow! Chicken.$35 million is secured by International Battery Company (IBC) for its aspirations to expand into India. In Karnataka, India, IBC intends to establish a green battery manufacturing factory for electric vehicles. The $35 million (Rs 291 crore) in finance is meant to extend its plans for manufacturing in India. RTP Global led the fundraising round, which also included Beenext, Veda VC, and other influential international investors with bases in the US and South Korea. IBC is a supplier of rechargeable batteries to its clients in the small mobility industry. Its unit is expected to begin production in 2025. The $35 million investment is a part of RTP Global's Pre-Series-A capital round, in which Beenext, Veda VC, and a few other key US and Korean investors also participated.FinAGG raises $11 million to improve MSMEs' access to finance In its most recent funding round, which was headed by Blue Orchard and Tata Capital, FinAGG raised $11 million (Rs 91.40 crore). The money received will be put toward growing and enhancing FinAGG's offline and online presence. The money will also be used to promote product innovation and expand the company's worldwide reach. By the way, distributors, retailers, and MSMEs involved in a brand's upstream and downstream supply chain can apply for credit solutions from FinAGG. In addition to Blue Orchard and Tata Capital, the fundraising round also involved participation from SIDBI and Prime Venture Partners. Prime is a current FinAGG investor.$6 million is raised by Alt Mobility to expand the EV Asset Management Platform. In 2021, Dev Arora, Anuj Gupta, Manas Arora, Harsh Goyal, and Jayant Gupta launched Alt Mobility. In a Pre-Series-A financing round, it has raised $6 million (Rs50 crore). Shell Ventures, Eurazeo, EV2 Ventures, and Twynam led the funding round. With its asset management platform, Alt Mobility facilitates fast EV fleet management for third parties.
