Top Trending Technology News & Highlights
Operations at Zepto Cafe Are Halted in Several Cities
Zepto Cafe, the company's rapid meal delivery division, has temporarily ceased operations in a number of minor cities, primarily in northern India. Over 400 workers have been impacted by the 44 eateries that have suspended operations. By the conclusion of the upcoming quarter, the business now anticipates starting up again in these areas.Platform for rapid trade According to persons familiar with the situation, Zepto has suspended operations of its 10-minute food delivery vertical, Zepto Cafe, in a number of locations, including Delhi, Agra, Chandigarh, Mohali, Amritsar, and Meerut, because of supply chain problems, ETtech reported. This will affect how 44 Zepto Cafe locations operate.Platform for rapid trade Zepto has suspended Zepto Cafe, its 10-minute meal delivery service, in several North Indian towns. The company has temporarily halted the services because of supply chain problems, according to a report by Economic Times. According to the article, 44 Zepto Cafe locations in the area will be impacted by the company's decision. About 700 gig workers have been impacted by the company's decision to stop providing the service. According to the Economic Times, Zepto Cafe's services were suspended in April of this year because the company was unable to meet quality standards due to the spike in demand. Zepto Cafe received greater demand than anticipated, hence the decision was made to halt operations in these cities. Meeting the volumes without sacrificing quality proved challenging, the individual with knowledge of the situation told ET.
Published 23 May 2025 08:14 PM
Uttar Pradeshs Sarathi app was shut down for maintenance.
Every RTO in Uttar Pradesh is experiencing operational disruptions, and staff are working to quickly resolve the situation.According to regional transport office (RTO) authorities on Friday, maintenance work on Sarathi software, which is used for processing work under the Union transport ministry, has disrupted the operation of processing driving licenses throughout Uttar Pradesh, including in Noida, since Thursday. Between 300 and 350 persons visit the Noida regional transport office on a daily basis, according to officials, seeking licenses and other related work."Vahan, a program for vehicle registration, and Sarathi, a program for driving licenses, are the two primary apps. We learned from Lucknow that Sarathi will be undergoing some maintenance from Thursday at 10 a.m. until Saturday at noon, according to Siyaram Verma, the assistant regional transport officer (ARTO-administration) for Gautam Budh Nagar."Activities related to driving licenses, like obtaining a learners' permit, a primary license, renewing a license abroad, changing one's name or address, etc., have ceased," Verma stated. "I had no idea that the website was being maintained. The application was down, an official told me when I arrived to the RTO in Noida after traveling 35 kilometers," said Greater Noida resident Rajesh Yadav."The affected work is present in all Uttar Pradesh RTOs. An RTO representative stated, "Our specialists are working to fix the application as quickly as feasible.
Published 06 Jun 2024 11:30 AM
Best Midsize Car of the Year Texas Auto Writers Associations Annual Auto Roundup, 2024 Hyundai Sonata
DECATUR, Texas, May 22, 2024 /PRNewswire/ -- The Texas Auto Writers Association (TAWA) annual Auto Roundup, which took place on April 23–24, 2024, has crowned the 2024 Hyundai Sonata the finest midsize car. Leading automotive journalists from Texas get together for the TAWA Auto Roundup, a major event in the industry, to assess the newest models on factors including overall appeal, performance, value, and safety.The 2024 Hyundai Sonata is honored with this accolade for its amazing value, superior performance, cutting-edge technology, and superb design. The Sonata outperformed a competitive field of competitors by impressing the TAWA judges with its cutting-edge features, fashionable appearance, and dedication to providing an outstanding driving experience.Senior vice president of product planning and mobility strategy at Hyundai Motor North America Olabisi Boyle commented, "We are immensely honored to receive this recognition from the Texas Auto Writers Association." "Our dedication to innovation, quality, and customer pleasure is embodied in the Hyundai Sonata 2024. This honor recognizes the diligence and commitment of our whole team."According to Cory Fourniquet, president of the Texas Auto Writers Association, "The Hyundai Sonata impressed our judges with its attention to detail throughout, like the color-matched switchgear for the windows and door locks as well as the built-in sunshades in the rear windows." "Even though it sells in a segment that is dominated by a couple of heavy hitters, Hyundai does not shy away from the mid-size sedan market like other manufacturers that are retiring their sedans. The fact that Hyundai is sustaining competitiveness in the market is very amazing. Not only that, but it beat out the freshly introduced 2025 Toyota Camry for this distinction."The dynamic new design language, improved safety features, and array of cutting-edge technologies make the Hyundai Sonata of 2024 stand out. A redesigned front fascia with a cascading grille, sleek LED headlights, and strong character lines that give the Sonata a sensation of motion even when it is stationary are all part of its aerodynamic and dramatic design. The Sonata is a versatile alternative for a broad spectrum of drivers, offering both dynamic performance and exceptional fuel economy with a selection of strong and economical engines, including a hybrid option.American Hyundai Motor Company Hyundai Motor America supports Hyundai Motor Company's Progress for Humanity objective while providing a technologically advanced array of automobiles, SUVs, and electrified vehicles to American consumers. Hyundai maintains substantial activities in the United States, with its North American headquarters located in California, the Hyundai Motor Manufacturing assembly factory in Alabama, the newly developed Hyundai Motor Group Metaplant America situated in Georgia, and multiple state-of-the-art research and development centers. According to a recent economic impact assessment, these businesses, along with those of Hyundai's 835 independent dealers, generate $20.1 billion in revenue and 190,000 employment for the American economy each year. To learn more, go to www.hyundainews.com.
Published 06 Jun 2024 11:29 AM
Mahindras-svelte-electric-SUV-is-hinted-at-by-XUVe8-design-patents-What-can-we-anticipate
With the launch of the XUV.e8, an electric version of their well-liked XUV700, Mahindra & Mahindra is preparing to increase the number of electric vehicles in their lineup. The corporation is currently testing prototypes of this new model, which has already been displayed in concept form. Mahindra has submitted for multiple design patents recently, covering the XUV.e8's appearance and interior.The design patents show that the XUV.e8 is very similar to the concept version that was previously presented, according to a report by HT Auto. Notable improvements include a new set of inverted L-shaped LED projector headlamps and a large LED lightbar that runs the length of the front of the car. Due to the lack of an internal combustion engine, the front bumpers have been altered and do not include the conventional grille.According to reports, the XUV.e8's side profile has aerodynamic wheel covers designed to improve air flow efficiency. The concept's flush-fitting door handles are still on the car. There aren't many modifications at the back, only a new bumper and an LED light bar, however the tail lamps should stay the same. The XUV.e8 will likewise have copper accents, just as the XUV400.Interior design elements, most notably a new two-spoke steering wheel, are also included in Mahindra's design patents. Four toggle switches are located on this hexagonal steering wheel, which has a red stripe at the top for controlling the infotainment system and instrument cluster. The lighted Mahindra emblem on the steering wheel is a novel touch that continues a trend observed in Tata cars. The revamped dashboard, which features a three-screen arrangement evocative of high-end automobile interiors, is another noteworthy interior upgrade. This comprises a passenger-side extra screen, an infotainment display, and an instrument cluster. With these improved technology features and style cues, Mahindra's electric vehicle portfolio is expected to gain something special with the XUV.e8.
Published 06 Jun 2024 11:29 AM
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.
Fossil exits smartwatch market, ceding ground to tech giants
American watchmaker Fossil Group has decided to stop producing smartwatches, ending its years-long endeavour of bringing stylish tech timepieces to the market. The company said on Friday that its latest Gen 6 watch using Google’s Wear OS software will be its final release in the smartwatch category. Fossil’s exit comes as the landscape has evolved, with tech giants like Google and Samsung taking over with their own branded devices. “We have made the strategic decision to exit the smartwatch business and redirect resources to our core strengths,” a spokesperson for the Texas-based firm told reporters. Fossil’s sub-brands like Michael Kors, Skagen, and Diesel will also discontinue smartwatches. The company said it will provide support for existing models for a few more years. Fossil was one of the few traditional watchmakers trying to adapt to the new smartwatch trend over the past decade, even as big players ignored the struggling Wear OS platform. But the category finally gained momentum in 2021 when Google and Samsung partnered on a major software update. Industry analysts say Fossil struggled to compete with the tech giants’ marketing power and resources. The company had not released a new smartwatch model since 2021, already signaling its retreat. Fossil provided a unique focus on fashionable design in the smartwatch space. With its exit, there is an opening for other players to fill the void in sleek, designer tech watches. For now, Fossil says it will concentrate on its traditional watches, jewelry and leather goods. Even as smartwatches go mainstream, old-school timepieces still make up the vast majority of Fossil’s business.
‘Hot garbage’ and ‘total farce:’ Apple’s new App Store policies trigger strong reactions
Apple recently announced changes to its App Store policies in Europe to comply with the EU’s Digital Markets Act. The new rules will allow sideloading and alternative app stores in Europe, as well as third-party payment systems. This has drawn mixed reactions from companies and developers who have long criticised Apple’s walled-garden approach. “We are still reviewing the technical details but are extremely disappointed with Apple’s proposed plan to restrict the newly-announced BrowserEngineKit to EU-specific apps,” Mozilla spokesperson Damiano DeMonte told The Verge. “The effect of this would be to force an independent browser like Firefox to build and maintain two separate browser implementations — a burden Apple themselves will not have to bear.” Mozilla argues that having to maintain an EU-only version of Firefox on iOS creates unnecessary complexity. “Apple’s proposals fail to give consumers viable choices by making it as painful as possible for others to provide competitive alternatives to Safari,” DeMonte added. “This is another example of Apple creating barriers to prevent true browser competition on iOS.”Music streaming service Spotify had harsh words for Apple’s plan. In a post on its website, Spotify said “As Apple has just shown the world, they don’t think the rules apply to them. Apple is nothing if not consistent. While they have behaved badly for years, this takes the level of arrogance to an entirely new place.”Spotify took particular issue with the new €0.50 fee Apple will charge developers for each annual install after 1 million downloads. “From our read of Apple’s proposal, a developer would have to pay this fee even if a user downloaded the app, never used it and forgot to delete it,” Spotify wrote. The post called the changes a “complete and total farce” and extortion. Spotify CEO Daniel Ek also stated with a post on X that the company cannot afford the new fees if it wants to be profitable.
Corporate Leaders Appear Ready To Make More Deals in 2024
After high interest rates and regulatory scrutiny kept some corporate leaders from making deals in 2023, executives and analysts are expecting a rebound in mergers & acquisition (M&A) activity this year. A Deloitte survey showed that 83% of corporate and private equity leaders expected an increase in mergers and acquisitions (M&A) this year, with almost as many responding that they expect the volume of their own organizations' deal-making to grow. The executive sentiment recorded by Deloitte lines up with a forecast from Morgan Stanley Investment Banking that concluded M&A activity was positioned to increase in 2024 after sinking in 2023 as inflation, high interest rates and increased regulatory scrutiny all contributed to stifle deal-making last year. Data from FactSet showed M&A activity was down 14.1% in December from the prior month, although spending on deals jumped more than 40% in the month. Only four of 21 tracked sectors had year-over-year M&A growth during the year’s fourth quarter, the report said.M&A activity can be beneficial for investors by either pressing the share price higher for companies that are acquired, or by quickly adding scale, volume, or market share to corporations that take over smaller companies.
What You Need To Know Ahead of Microsofts Earnings on Tuesday
Tech titan Microsoft Corp. (MSFT), which just became the second company ever to reach a market capitalization of $3 trillion, is due to report its second-quarter fiscal 2024 earnings on Tuesday after the market closes. Analysts expect Microsoft to post its highest revenue in seven quarters and an uptick in EPS, while the company's AI-powered cloud services continue to soar. Analysts forecast that Microsoft will announce net income of $20.6 billion, or $2.77 per share, compared with $17.4 billion and $2.20, respectively, in the prior-year quarter, according to data compiled by Visible Alpha. The company is also expected to report total revenue of $61 billion, a nearly 16% improvement year-over-year and the sharpest increase in this area in close to two years. Microsoft's Intelligent Cloud quarterly revenue, which has roughly doubled in the last three years, is expected to reach an all-time high of $25.3 billion in the latest quarter, according to Visible Alpha. This would represent a roughly 18% increase YOY.While Microsoft's AI adoption might spell big gains for its top and bottom lines, the company has run into legal issues as a result as well. Late in 2023, the New York Times sued Microsoft and OpenAI for copyright infringement, contending that ChatGPT was trained using millions of copyrighted articles. The suit calls for "billions of dollars in statutory and actual damages." 6 The company is also being scrutinized by the U.K.'s competition watchdog, which is evaluating whether Microsoft's partnership with OpenAI could affect competition. Also recently, the Federal Trade Commission launched an inquiry into Microsoft and OpenAI as part of a broader look at investments and partnerships in the AI space.
Google Pixel 8, Pixel 8 Pro Get New Mint Colour Option; Available in Only 128GB Variant
Google Pixel 8 series has been launched in a new colourway. After teasing the new colour option last week, Google announced the availability of the Google Pixel 8 and the Pixel 8 Pro in a new Mint colour. This is the fourth colour option for both handsets. In October 2023, the Pixel 8 was launched in Hazel, Obsidian, and Rose colourways, whereas the Pixel 8 Pro was offered in Bay, Obsidian, and Porcelain colourways. The price of the new Mint colour is the same as other colour variants. Last week, Google posted a binary code along with a video of a mint green colour splash on the Pixel 8 Pro on its social media handles. The binary code translated to “fresh year, fresh drop,” hinting at the new colour option. Interestingly, the new colour option will only be available in the 128GB inbuilt storage variant for both Pixel 8 and Pixel 8 Pro. The higher storage variants will only be available in the original colour options. In India, the Mint colour option is only available on the vanilla Pixel 8. It can be purchased through Flipkart. The colour will be exclusive to the Google Store and Google Fi in the US. Those who have already purchased the Pixel 8 or the Pixel 8 Pro can still experience the new colourway, as Google also sells a Mint silicone case for both phones. Samsung Ties Up With Blinkit to Deliver Galaxy S24 Series in Select Cities Pixel 8 price in India starts at Rs. 75,999 for the 8GB RAM and 128GB inbuilt storage model and the Pixel 8 Pro starts at Rs. 1,06,999 with the 12GB RAM and 128GB inbuilt storage model. Google Pixel 8, Pixel 8 Pro specifications The Pixel 8 features a 6.2-inch full-HD+ OLED panel with a 120Hz refresh rate. Under the hood, it is powered by the 4nm Google Tensor G3 SoC. For optics, the smartphone sports a dual rear camera setup comprising a 50-megapixel primary sensor and a 12-megapixel ultra wide-angle camera. It carries a 10.5-megapixel camera on the front. The handset is backed by a 4,575mAh battery with support for 27W wired charging. In contrast, the Pixel 8 Pro features a 6.7-inch Quad-HD OLED display with a 120Hz refresh rate. Just like the base model, it also runs on the Google Tensor G3 chipset. The rear camera visor houses three sensors including a 50-megapixel primary camera, a 48-megapixel telephoto lens, and another 48-megapixel ultrawide camera. It is backed by a 5,050mAh battery with support for 30W wired charging.
Samsung Galaxy S24 Series to Be Available on Blinkit in Select Cities; Doorstep Delivery in 10 Minutes
Samsung Galaxy S24, Galaxy S24+, and Galaxy S24 Ultra were unveiled at the company's Galaxy Unpacked event last week. The latest flagships are currently up for pre-orders in India and are set to go on sale for the first time starting Wednesday, January 31. Ahead of the sale, Samsung has joined hands with hyper-local delivery company Blinkit to offer doorstep delivery of the Galaxy S24 series in select cities. The company is claimed to deliver new handsets to buyers within 10 minutes of receiving the order. Samsung, via a press release on Thursday (January 25), announced a tie-up with Blinkit to deliver its recently launched Galaxy S24 series in India. Customers in Bengaluru, Delhi-NCR, and Mumbai can order Galaxy S24 Ultra, Galaxy S24+, and Galaxy S24 smartphones on the instant delivery platform for doorstep delivery. The handsets will be delivered in less than 10 minutes of receiving the order, claims Blinkit. Meanwhile, other online retailers will take at least one day to deliver the handsets. Customers buying the Galaxy S24 series through the Blinkit app or website can avail of an instant cashback of Rs. 5,000 for payments made using HDFC Bank credit cards.Samsung's Galaxy AI Features Are Coming to These Older Devices: Report. The Galaxy S24 has a starting price tag of Rs. 79,999 for the base 8GB + 256GB variant, the Galaxy S24+ pricing starts at Rs. 99,999, and the Galaxy S24 Ultra has a starting price tag of Rs. 1,29,999. Samsung Galaxy S24 series run on Android 14-based One UI 6.1 and boasts Dynamic AMOLED 2X displays with up to 120Hz refresh rate. The Galaxy S24 packs 8GB of RAM, while the top-end Galaxy S24+ and Galaxy S24 Ultra offer 12GB of RAM. The Galaxy S24 Ultra runs on a tweaked version of the Snapdragon 8 Gen 3 SoC called "Snapdragon 8 Gen 3 SoC for Galaxy" in all regions. The India variants of Galaxy S24 and Galaxy S24+ smartphones have Exynos 2400 SoC under the hood. All three phones have IP68-rated dust- and water-resistant build. Samsung has equipped the Galaxy S24 Ultra with a quad camera setup led by a 200-megapixel primary camera. The regular models have triple rear cameras led by a 50-megapixel wide-angle camera. Samsung to Make Galaxy S24 Series in India for Local, Global Markets The Galaxy S24 Ultra comes with a 5,000mAh battery with support for 45W wired charging and Fast Wireless Charging 2.0 that offers 15W charging speeds. The Galaxy S24 and Galaxy S24+ pack 4,000mAh and 4,900mAh batteries with 25W and 45W wired charging support, respectively.
"Moto G24 Power India Launch Set for January 30; Teased to Offer 6,000mAh Battery, Helio G85 SoC "
Moto G24 Power is confirmed to be offered in Glacier Blue and Ink Blue colours. Moto G24 Power will be launched in India next week. The Chinese smartphone vendor has announced the arrival of a new Moto G series smartphone through its official social media handle. Motorola has also listed the Moto G24 Power on its India website revealing its design and specifications. It is confirmed to come in Glacier Blue and Ink Blue shades. The Moto G24 Power is teased to run on the MediaTek Helio G85 SoC. Dual rear cameras, a side-mounted fingerprint sensor, and a 6,000mAh battery are other key specifications of the handset. It will be sold via Flipkart. Motorola, through its official X account, confirmed that the Moto G24 Power will launch in India on January 30 and will go on sale via the company's official website, Flipkart, and other leading retail stores. The Lenovo subsidiary and Flipkart are both teasing the key specifications of the smartphone via a dedicated microsite. The price details of Moto G24 Power are not known at this moment. However, we can expect the handset to be priced at around Rs. 10,000. The Moto G24 Power is confirmed to be offered in Glacier Blue and Ink Blue colours. It is listed to run Android 14 and feature a 6.56-inch HD+ display with 90Hz refresh rate. The handset will be powered by a MediaTek Helio G85 SoC, coupled with up to 8GB of RAM and 128GB of storage. Moto G04, Moto G24 With 5,000mAh Battery Unveiled: See Price For optics, the Moto G24 Power gets a dual rear camera unit, comprising a 50-megapixel primary camera with Quad Pixel technology alongside a 2-megapixel macro shooter. Selfies and video chats will be handled by a 16-megapixel front camera. It gets stereo speakers supported by Dolby Atmos and a side-mounted fingerprint scanner for authentication. It will offer an IP52-rated build and pack a 6,000mAh battery with support for 33W fast charging.
Oppo, Nokia Resolve All Pending Patent Disputes via Cross Licencing Deal
Nokia said that Oppo will make royalty payments, along with catch-up payments to cover the periods of non-payment as part of the cross-licencing deal.Finnish telecom gear maker Nokia said on Wednesday it had signed a 5G patent cross-licencing deal with Chinese device maker Oppo that resolves patent litigation between the companies. Nokia has been involved in legal disputes with several Chinese tech firms, including Oppo and Vivo, over patent payments. The Finnish group recently signed an agreement with Chinese smartphone maker Honor."Under the agreement Oppo will make royalty payments, along with catch-up payments to cover the periods of non-payment," Nokia said in a statement. "The agreement resolves all pending patent litigation between the parties, in all jurisdictions."OP Corporate Bank analyst Kimmo Stenvall said investors had expected the parties to reach an agreement "sooner or later". Nokia' shares were roughly flat at 1049 GMT (4:19pm IST).Inderes analyst Atte Riikola said it was good uncertainty was now lifted about the timing of the deal, after the process had taken longer than expected. Nokia in December warned it would not meet its financial outlook for 2023, saying talks over unspecified licence renewals would continue into this year.
How China Cannot Use Its Technology for Artificial Intelligence Because of US Intervention
The Biden administration is proposing requiring US cloud companies to determine whether foreign entities are accessing US data centers to train AI models, US Commerce Secretary Gina Raimondo said on Friday. "We can't have non-state actors or China or folks who we don't want accessing our cloud to train their models," Raimondo said in an interview with Reuters. "We use export controls on chips," she noted. "Those chips are in American cloud data centers so we also have to think about closing down that avenue for potential malicious activity." The Biden administration is taking a series of measures to prevent China from using US technology for artificial intelligence, as the burgeoning sector raises security concerns. The "know your customer" rule that was proposed was made available to the public on Friday and will be published the following Monday. It is significant, according to Raimondo. The US is "trying as hard as we can to deny China the compute power that they want to train their own (AI) models, but what good is that if they go around that to use our cloud to train their models?" she stated. Raimondo stated last month that Nvidia would not be permitted by Commerce "to ship is the most sophisticated, highest-processing-power AI chips, which would enable China to train their frontier models."For a variety of national security reasons, the US government is concerned about China developing sophisticated AI systems, so it has taken action to prevent Beijing from obtaining cutting-edge US technologies to bolster its armed forces. Under the proposed legislation, foreign nationals who register for or keep accounts using US cloud computing would have to provide identification through a "know-your-customer program or Customer Identification Program." Additionally, cloud computing companies would have to certify compliance on an annual basis, and it would set minimum standards for identifying foreign users.Raimondo said US cloud computing companies "should have the burden of knowing who their biggest customers are training the biggest models, and we're trying to get that information. With that information, what will we do? Depending on what we discover. President Joe Biden in October signed an executive order requiring developers of AI systems that pose risks to US national security, the economy, public health or safety to share the results of safety tests with the US government before they are released to the public.The Commerce Department intends to request those surveys from businesses in the near future. Companies will have 30 days to reply, Raimondo told Reuters. "Any company that doesn't want to comply is a red flag for me," she stated. Biden's "illegal" executive order is being implemented by Commerce, according to Carl Szabo, general counsel at the tech industry trade group NetChoice, "to force industry reporting requirements for AI." He went on to say that making US cloud providers disclose how non-US organizations were using their resources "for training large language models could deter international collaboration."
THIS WEEK IN ENTERPRENEURSHIP POLICY + RESEARCH
Welcome to ‘The Startup State’ - a weekly bulletin from the GEN Policy and Research team highlighting key entrepreneurship news, reports, commentary and features from around the world. The GEN Atlas is the world’s largest entrepreneurship policy compendium, featuring over 350 case studies from 70 countries. Our latest entry to be updated examines Germany’s Better Regulation Program - a wide-reaching initiative to reduce red tape, simplify regulations, and improve the overall quality of policymaking. Read the Atlas entryThe UNDP, the presidents of Rwanda and Ghana, and Nigeria’s digital economy minister Bosun Tijani used Davos to launch ‘Timbuktoo’, an ambitious pan-African development initiative with the aim to mobilize $1bn capital to create 10 million jobs and transform 100 million lives. It will include legislative reform, derisking investment, and ‘university innovation pods’, among other efforts to strengthen African entrepreneurship ecosystems (UNDP). Saudi Arabia has boosted its Aramco Ventures unit by $4bn, more than doubling the state oil company’s overall venture capital funds (Aramco).The United Kingdom’s technology secretary Michelle Donelan has announced a government “scaleup policy sprint” with the aim of matching US levels of VC investment as a share of GDP by 2030 - which would mean an additional £5bn ($6.3bn) per year into British startups (Sifted | Speech transcript).Nigeria’s minister of women affairs and social affairs Uju Kenedy-Ohaneye has launched a new unit in the SME Development Agency of Nigeria dedicated to supporting women and youth entrepreneurship (Blueprint) Publications and analysis This World Bank report examines ten years of data behind a public-private matching grant program to answer the question of whether public funding can help startups innovate and subsequently improve their performance. This Tony Blair Institute for Global Change report sets out how the UK can reset its historically aid-focused African engagement approach to embrace emerging economic opportunities and achieve mutual prosperity and cooperation. This World Economic Forum and Schwab Foundation Global Alliance for Social Entrepreneurship report is the first, comprehensive global dataset to estimate the size and scope of social enterprise worldwide. It finds 10 million social enterprises globally, with $2 trillion annual revenue and 200 million jobs.This World Economic Forum report introduces a multidimensional framework to assess the quality of growth across 107 countries globally. It characterizes nations’ economic growth across four dimensions: innovativeness; inclusiveness; sustainability; and resilience. This World Economic Forum and Cambridge Centre for Alternative Finance report reveals new data on the rapidly evolving fintech ecosystem and the opportunities fintech activities are offering traditionally underserved consumers and businesses.
These innovators are accelerating the aviation industrys transition to net-zero
Aviation accounts for 2% of global greenhouse gas emissions and, with air travel projected to increase, these emissions are poised to escalate.The Sustainable Aviation Challenge on UpLink called for innovators who accelerate the development and adoption of sustainable aviation fuel and other propulsion solutions.16 Top Innovators were selected as winners and will gain visibility opportunities, special event invitations and curated introductions to industry partners and potential funders. According to the International Energy Agency (IEA), aviation accounts for 2% of global greenhouse gas emissions and with air travel projected to increase over this decade, these emissions are only poised to climb. The challenge is to reinvent flying and make it compatible with our global net-zero emissions targets. Decarbonizing aviation is one of the toughest challenges of the clean energy transition and one that will require many technological breakthroughs and a concerted effort by innovators, industry, governments, and finance providers. To accelerate and support the transformation of aviation and expedite its journey to net-zero, UpLink and the First Movers Coalition have launched the Sustainable Aviation Innovation Challenge to identify and accelerate the most innovative and promising start-ups in this sector. With 130 high-quality submissions received from around the globe, 16 Top Innovators were selected by industry partners to join the UpLink Innovation Ecosystem. To this end, we’re excited to announce the cohort of Sustainable Aviation Top Innovators to accelerate the development and adoption of Sustainable Aviation Fuel (SAF) and other propulsion solutions, with the broader vision of enhancing the viability of promising start-ups in this space. Innovation ignites the spark, but collaboration fuels progress. These 16 innovators are now plugged into World Economic Forum formal programming and a support ecosystem of industry partners and investors to scale up their ventures through business and technology collaborations.
The impact of supporting a new generation of entrepreneurs.
UpLink, launched in 2020 by the World Economic Forum in collaboration with Deloitte and Salesforce, is building an open innovation platform ecosystem fostering entrepreneurial solutions for global challenges aligned with the UN Sustainable Development Goals (SDGs). Since its inception, it has grown into a vibrant community of purpose-driven entrepreneurs, investors, visionary organizations and experts. It has hosted 51 Innovation Challenges, bringing forth nearly 6,500 innovative solutions worldwide, recognizing 442 of these as 'Top Innovators' and 46 as 'Top Investors.' More than 250 ecosystem partners from across sectors have supported these innovators through catalytic funding, expertise, and other acceleration opportunities. UpLink aims to accelerate the growth and impact of early-stage entrepreneurs, build innovation ecosystems of diverse stakeholders, and shift perceptions of innovation's role in achieving the SDGs. These innovators, carefully selected for their impactful and sustainable solutions, are integrated into a dynamic ecosystem for growth, collaboration, and increased global visibility.Since early 2023, UpLink has started to implement a robust impact management and measurement strategy following industry best practices, to better support and showcase the positive transformation led by its Top Innovators. Here are the key impact highlights reported by UpLink Top Innovators in UpLink's 2023 Annual Impact Report:
Netflixs password crackdown worked. It could have more tricks to lure subscribers.
Netflix added almost 30 million subscribers in 2023 after cracking down on password sharing in May.Customers balked at the idea, but in the end Netflix prevailed.AdvertisementWhen Netflix announced it was mulling a ban on password sharing a few years ago, subscribers immediately balked. Many threatened to ditch their subscriptions, screaming #CancelNetflix, while others followed through and decisively closed their accounts.Nobody liked the idea. I certainly didn't. But let's be honest: We knew this had to happen.For years, Netflix turned a blind eye to password sharing, even winkingly encouraging it on social media. But that was when Netflix was in an exponential growth phase that carried the company to its 2021 share price high of more than $690. In 2022, Netflix reported losing subscribers for the first time in more than a decade — about 200,000 accounts in the first quarter of that year and close to 1 million in the second.Couple those losses with the fact that the streaming landscape had become much more crowded than it was in 2007 when Netflix first started offering its library online. Think Hulu, Disney+, Prime Video, Paramount+, and others. So, say you're one of Netflix's co-CEOs: You see your company is bleeding subscribers, your competitors are circling you like vultures, and, at the end of the day, you're beholden to your shareholders.And wow, look, an internal analysis report drops on your desk. It reveals that there are about 100 million households around the world who are accessing Netflix without a paid account, including a cheap Business Insider reporter leeching off his ex.In the third quarter of 2023, Netflix reported that it added 8.8 million subscribers, vastly exceeding expectations. The fourth quarter numbers yielded even better results: 13.1 million global subscribers for a total of more than 260 million, Business Insider's Lucia Moses reported. That's a gain of nearly 30 million over 2022. Two moves likely helped Netflix boost those numbers, according to Jadrian Wooten, an economics professor at Virginia Tech who writes the newsletter Monday Morning Economist.While Netflix was preparing its password-sharing crackdown, it introduced an ad-based subscription at about $7 a month, which was $3 less than its cheapest ad-free offering at the time and slightly cheaper than a Hulu account. The company also provided an option for households to add users to their existing accounts for about $8 a month. "So that was sort of a move that was done both to geographically expand to other countries and offer a cheaper version, but it also introduces sort of this second tier for people who were sharing an account, and they could then bump down to that next part," Wooten told BI. "So the idea is they wouldn't pay for a full account on their own, but maybe if they lost access, they would drop down to that ad-tier part."
SAP is restructuring 8,000 jobs to focus on AI, some employees could be asked to leave
SAP has unveiled a major restructuring plan, affecting 8,000 jobs, as it is now preparing for the era of Artificial Intelligence (AI). This transformative move, backed by a substantial €2 billion (around Rs 18,000 crore) investment, highlights SAP's commitment to positioning itself for future growth in the dynamic tech landscape, the company said in a blog post. SAP has unveiled a major restructuring plan, affecting 8,000 jobs, as it is now preparing for the era of Artificial Intelligence (AI). This transformative move, backed by a substantial €2 billion (around Rs 18,000 crore) investment, highlights SAP's commitment to positioning itself for future growth in the dynamic tech landscape, the company said in a blog post. The software company's CEO Christian Klein explained the importance of this strategic transformation, describing it as the next chapter for SAP. The German enterprise software giant aims to steer its focus towards Business AI, signaling a notable shift in its investment priorities. Klein expressed confidence in the company's prospects, particularly in the year 2024.Of SAP's extensive workforce of 108,000 employees, more than 7 percent will feel the impact of this restructuring. To manage these changes, SAP clarified that the majority of the approximately 8,000 affected positions are expected to be addressed through voluntary leave programs and internal re-skilling initiatives. The voluntary program suggests that some of the employees could be asked to leave internally, which won't be labelled as layoff, something that Amazon was also reported to be doing. The company wants to end 2024 with a workforce size comparable to its current levels after implementing reinvestments.
Moto Razr 40 Ultra, Razr 40 get up to Rs 20,000 price cut
Motorola has slashed the prices of its Moto Razr 40 and Razr 40 Ultra foldable phones by up to Rs 20,000. The premium devices boast impressive specifications and are now available at reduced prices.In Short Motorola Razr 40 and Razr 40 Ultra get a significant price cut of up to Rs 20,000.The Razr 40 Ultra features a 6.9-inch P-OLED display, Snapdragon 8+ Gen 1 processor, and a dual rear camera system.The Razr 40, resembling the Samsung Galaxy Z Flip 4, offers a 6.9-inch viewing area. If you are planning to buy a foldable phone, you should check out the deals on Motorola Razr series. The Moto Razr 40 as well as the Razr 40 Ultra are getting a price cut of Rs 20,000. To recall, the Moto Razr 40 Ultra was launched at a price of Rs 89,999. However, the price will now be down to Rs 69,999. Even the Moto Razr 40 is getting a price cut of Rs 10,000, which is now available for Rs 49,999. Motorola is making waves with the release of the Motorola Razr 40, a phone that bears a striking resemblance to the Samsung Galaxy Z Flip 4, complete with a compact cover display. This petite OLED cover display measures just 1.5 inches and boasts a 2:1 aspect ratio. While it may seem small, it provides users with a handy space for checking apps and call notifications on the go.However, the magic truly unfolds when you open up the Razr 40, revealing an expansive 6.9-inch viewing area with a 22:9 aspect ratio. The phone's cover display maintains a standard 60Hz refresh rate, but the main display kicks things up a notch with an impressive 144Hz refresh rate. Motorola has equipped the main screen with a 10-bit display panel, promising a palette of over 1 billion possible colors for an enhanced visual experience. In terms of features, the Motorola Razr 40 aligns with some of the standard offerings found in other cutting-edge Motorola Edge phones. It's worth noting that the phone does not include an audio jack, although it compensates with speakers that boast Dolby Atmos support, delivering a rich and immersive audio experience. Connectivity-wise, the Razr 40 is up to par with support for NFC, Wi-Fi 6, and Bluetooth 5.3.One interesting twist is that Motorola has included a protective case right in the box, ensuring that your stylish and sophisticated Razr 40 remains well-guarded from the elements and everyday wear and tear.With its sleek design, innovative features, and striking resemblance to its Samsung counterpart, the Motorola Razr 40 is poised to make an impact in the world of foldable smartphones, offering a unique blend of style and substance for tech enthusiasts on the lookout for the next big thing in mobile technology.
Izi Mini X Nano Drone With 3-Axis Gimbal, 4Km Live Video Range Launched in India
Izi, a consumer electronics brand focussed on consumer drones, has launched its new Mini X nano drone in India today, January 24. The Mini X nano drone is available in two different versions — Standalone and Fly More Combo. The drone is said to be capable of transmitting live videos from a maximum distance of 4km. It features a Sony CMOS sensor with f/2.0 aperture and boasts video recording capabilities at 4K (Ultra-HD) resolution. The Mini X nano drone starts at the price of Rs. 29,999.The Izi Mini X Standalone nano drone is available at the price of Rs. 29,999, whereas the Mini X Fly More Combo has been priced at Rs. 37,999. The main difference between the two models is two extra batteries that allow the latter to sustain flight for 93 minutes as opposed to the base variant's 31-minute flight time, as per the company. The base model also does not come with a triple-charging hub that can charge all the batteries at the same time. The drone can be purchased via Izi's website and Amazon. The Izi Mini X nano drone features a 20-megapixel Sony sensor that has 4x zoom capabilities and can record videos in 4K resolution. The drone weighs 249g and the body has a foldable modular design for added portability. It can reach a maximum altitude of 800m and can fly at the speed of 16m/s or 58kmph, as per the company.Izi Mini X nano drone is equipped with GPS and GLONASS sensors that enable precise navigation and safe returns with one-tap control. This is useful in low battery or lost control scenarios. The drone offers 10+ flying modes that help in capturing a diverse set of videos. The photography modes on the drone include Normal, Helix, Comet, Circle, Follow Me, Dronie, Rocket, Waypoint, Route Plan, and Panorama. For storage, the Mini X nano drone sports an SD card slot supporting up to 128 GB Class 100 UHS-1 microSD card. The drone works with the Izi Sky Eye app for remote piloting control, aerial photography, cinematography, and flight parameter adjusting.
Spotify to Allow In-App Purchases for Subscriptions, Audiobooks on iPhone in Europe After March DMA Deadline
Spotify will be able to avoid Apple's 30 percent fee for purchases made via the App Store once the EU's DMA regulations go into effect in March.Spotify users in Europe from March will be able to buy audiobooks and subscription plans from within the music-streaming app as a result of the region's new competition law for Big Tech, the Swedish company said on Wednesday.The move will help the company avoid Apple's 30 percent fee for purchases through its App Store, which has long been a source of contention between app developers and the tech giant.Spotify has for years been in embroiled in a legal battle, alleging that it was forced to raise the price of its monthly subscriptions to cover costs tied to Apple's App Store rules. Instagram, Facebook, Messenger Now Work Separately, But There's a Catch "For years Apple had these rules where we couldn't tell you about offers, how much something costs, or even where or how to buy it," Spotify said in a blogpost."The DMA (Digital Markets Act) means that we'll finally be able to share details about deals, promotions, and better-value payment options in the EU."Under the DMA, which all Big Tech firms must comply with by March 7, companies are obligated to treat their own products and services like they do rivals'. How Apple Plans to Enable Sideloading in Europe in the Coming Weeks Apple plans to challenge the European Union's decision to put all of App Store into the bloc's new digital antitrust list, Bloomberg News had reported in November. On Tuesday, Apple asked a London tribunal to throw out a mass lawsuit worth around $1 billion brought on behalf of more than 1,500 app developers over its App Store rules.Apple had also drawn criticism from Meta CEO Mark Zuckerberg who called App Store policies and fee structure as problematic and causing a conflict of interest. Japan to Force Apple, Google to Allow Third-Party App Stores: Report We've always been interested in helping developers distribute their apps, and new options would add more competition in this space," Meta said on Wednesday."Developers deserve more ways to easily get their apps to the people that want them. Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.Affiliate links may be automatically generated - see our ethics statement for details.For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.
China launches commercial carrier rocket Lijian-1 Y3
Five satellites were placed into predetermined orbit by China's commercial carrier rocket Lijian-1 Y3, which was launched on Tuesday at 12:03 p.m. from the Jiuquan Satellite Launch Center in northwest China. Taijing-1 03, Taijing-2 02 and 04, Taijing-3 02, and Taijing-4 03 were the five satellites, which were primarily used for environmental surveys, space probes, and scientific research. The launch set new records in China's multiple satellite platforms and payload technologies.The rocket was painted with the Chinese Ministry of Culture and Tourism's logo, which depicts the traditional Chinese Loong (Dragon), in honor of the new Chinese year. The mission was carried out in extremely cold temperatures—down to minus 20 degrees Celsius—which further confirmed its adaptability to different conditions. The Chinese Academy of Sciences (CAS) Institute of Mechanics in collaboration with CAS Space created the Lijian-1. Its dimensions for the 500-kilometer sun-synchronous orbit are as follows: total length of 30 meters, diameter of the core stage 2.65 meters, takeoff weight of 135 tons, takeoff thrust of 200 tons, and carrying capacity of 1,500 kg.The solid-propellant carrier rocket was first launched in July 2022, and has already sent 37 satellites into space. Its launch success rate is 100 percent. The mission was the third launch of the Lijian-1 carrier rocket.
