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.
After the failed Zee merger, what will happen to Sony? The CEO of the company discloses its India strategy.
"Overview ""India has significant long-term growth potential. This market has a lot of appeal. Consequently, in response to a question concerning the company's plans in India following the cancellation of the proposed merger, Totoki stated, ""We will attempt to seek various opportunities and see if we can find another opportunity that would replace this type of plan."" According to a senior business official, Sony will explore a number of possibilities now that the planned merger of its Indian branch with Zee has been canceled. These would include looking for an alternative plan and exploring organic development chances in India, which has enormous long-term potential. Hiroki Totoki, president, COO, and CFO of Sony, stated during an earnings call that the company will keep making investments in India since it is a very good market. ""India has significant long-term growth potential. This market has a lot of appeal. Consequently, in response to a question concerning the company's plans in India following the cancellation of the proposed merger, Totoki stated, ""We will attempt to seek various opportunities and see if we can find another opportunity that would replace this type of plan."" He commented, ""Well, that investment is not going to change a capital allocation or our behavior in our investment,"" in reference to the investment Sony had made as part of the agreement. Thus, we don't yet have any firm plans."" February 14 was the day of the earnings call. According to the terms of the merger that ZEEL and Sony agreed upon, Additionally, the Japanese behemoth was expected to contribute USD 1.5 billion to the combined company. He stated in the investor call that the company will keep pursuing organic development in line with its plan in India, where it conducts business through Culver Max Entertainment (formerly known as Sony Pictures Network India). The arrangement between Sony and ZEEL to combine its two Indian companies, Culver Max Entertainment and Bangla Entertainment Private Limited (BEPL), was terminated last month. Sony Group Corporation (SGC) claimed that ZEEL had not complied with the merger requirements and had filed for arbitration before SIAC, requesting a termination cost of USD 90 million (about Rs 748.5 crore). In a petition to the National Company Law Tribunal (NCLT), ZEEL requested that Sony Group be directed to...Over 700 million people watch the 26 channels that Sony Pictures Network India (SPNI), an indirect wholly-owned subsidiary of Sony Group Corporation, Japan, owns and operates in Hindi and numerous other languages. In addition, it offers live sports, movies, short films, as well as its own original and archived material, on its single OTT platform, Sony LIV. There are about 33 million people who watch it."
Google Gemini App on Android, Gemini Toggle on iOS Rolling Out in India and Other Countries
Google has started rolling out its Gemini app on Android to users in India. While there's no dedicated app on iOS, iPhone owners will be able to see a toggle on the top of the Google app, allowing them to enable and utlise the features of the artificial intelligence (AI)-powered chatbot. The tech giant launched the Android app on February 8, but the rollout was limited to the US. Now, the app is being expanded to more than 150 countries and territories. According to Google's support page, the Gemini mobile app is now available in English, Korean, and Japanese languages and is being expanded to more than 150 countries and territories. The full list of countries is listed on Google's support page. The iPhone users don't have a dedicated app at the moment, but they can use Gemini's AI capabilities through the Google app, which now has a toggle button on the top-right that allows access to the chatbot. Gadgets 360 was able to confirm the availability of the Gemini toggle on the Google app on iOS 17.2.1. The Gemini app requires a smartphone with at least 4GB of RAM. It must also run Android 12 or newer versions of Google's operating system. Similarly, the Gemini toggle is available to iPhone users running iOS 16 and newer. As the AI service is only available in English, Japanese, and Korean, it will only be available on smartphones set to use these languages. Lastly, users should be signed in to a personal Google Account or a Workspace account where the administrator has enabled the feature. In case, you still cannot see the app or the toggle, it is worth noting that the global rollout started on Thursday and is expected to continue for a few more days. Jack Krawczyk, Senior Director of Product at Google, who is also handling Gemini, revealed in a post on X (formerly known as Twitter) that the Gemini app's restrictions on image uploading and image generation were being somewhat relaxed. However, he added, “We'll continue to work through responsibly aligning on refusals with both images and text.” More features and expansion to more regions are currently in progress, as per the Gemini head. Some users who added Gemini as the default assistant over Google Assistant in Android smartphones had complained that there was no clarity on which in-device features was the AI capable of performing. Krawczyk said in a post on Wednesday, “Working on making it more clear exactly which Assistant features are work in progress vs which are available now. (also working on narrowing that gap!)”
Samsung Brings Its New AI Features To These Devices
Samsung launched the Galaxy S24 series with the new Galaxy AI features and is now extending some of these AI features to the Galaxy Buds2 Pro, Galaxy Buds2 and Galaxy Buds FE.The Galaxy AI features will be rolled out to the Galaxy Buds TWS earbuds via the OTA (over-the-air) update.After the update rollout, Galaxy Buds users will be able to use several Galaxy AI features through the Galaxy S24 series like Live Translate, Interpreter and more.The Galaxy S24 series Live Translate feature allows users to experience real-time call translation on their device screens while engaged in conversations via Galaxy Buds.Furthermore, the AI-driven interpreter feature on the Galaxy S24 series facilitates seamless two-way, face-to-face interpretation through the Galaxy Buds interface. By speaking directly into the Buds’ microphone, users can have their words translated, making the translated voice accessible via the Galaxy S24 series. This enables a nearly natural conversation between two individuals, each equipped with a Galaxy S24 series smartphone and Galaxy Buds, eliminating the need to hand over the phone. Consumers purchasing Galaxy S24 Ultra and Galaxy S24+ will get benefits worth Rs 12,000, while those buying Galaxy S24 can avail benefits worth Rs 10,000. Consumers can also opt for No Cost EMI for upto 24 months on purchase of S24 Series. Consumers purchasing Galaxy Buds2 Pro, Galaxy Buds2 and Galaxy Buds FE can avail of limited period cash back or upgrade upto Rs 6,000.
TikTok beats YouTube in launching native Apple Vision Pro app
TikTok has joined the expanding library of apps on the visionOS App Store, releasing a new native experience for Apple’s Vision Pro headset. The announcement came Thursday via a post on the popular X social media platform. The platform now offers Vision Pro users an immersive way to view short-form videos on the new device, providing a spatial computing experience optimised for the headset’s capabilities. The addition of TikTok is a major coup for Apple, given the app’s immense popularity among Gen Z users. The app’s spatial computing experience could highlight the Vision Pro’s capabilities for consuming short-form video. Initially, there were concerns about limited native app experiences for the Vision Pro upon launch. Early January reports suggested only around 150 available apps. However, this number quickly grew to 600 by early February. Currently, app engagement remains relatively low. Many developers report download figures in the mere hundreds. However, as more well-known apps become available, engagement will likely improve. Native app support has been a struggle, with major players like YouTube, Spotify and Netflix initially declining Vision Pro app development. In fact, lack of proper app support was one of the most commonly cited reasons for returning the headset – aside from the weight and discomfort, of course. However, earlier this month, YouTube did confirm plans to launch a Vision Pro app. This indicates TikTok may soon face competition from YouTube’s Shorts feature.
Paytm’s UPI payments: Two contrasting trends
Digital payments major Paytm, which is run by One 97 Communications, has seen a stagnation in Unified Payments Interface payments originating from its payments bank over the last six months. Data shared by the National Payments Corporation of India shows that from August 2023, payments originating from Paytm’s own UPI address started falling. In August last year, Paytm reported 455 million UPI payments on its own handle that is @paytm. But since then it fell all the way to 410 million in December last year. From 323 million in May 2022, these transactions had grown nearly 41% to 455 million in August 2023. Paytm Payments Bank was put under an embargo by the RBI in March 2022. For understanding, UPI has two legs in a payment journey. One is on the issuance side, that is where a customer pays using the Paytm handle, which in many cases could be connected to the Paytm Payments Bank savings account. And the other is the acceptance side where the merchant or the beneficiary account is on Paytm. Analysis of industry data shows that since the middle of last year, Paytm has been fully focusing on the acquisition side. Data shows that Paytm’s acquisition numbers grew consistently to 2.8 billion transactions in December last year from 1.7 billion in December 2022. “After the bank went into an embargo, new customers were not joining the bank and on top of that the management was fully focused on acquiring more merchants for all forms of digital payments, thereby slowing down on issuance,” said a senior industry executive in the know.
Ex Twitter employee says Elon Musk fired him for a false reason, here is what he said
Randall Lin, a former engineer at Twitter (now known as X), has come forward with allegations of wrongful termination following his dismissal from the company. Here is what happened. Randall Lin, a former engineer at Twitter (now known as X), has come forward with allegations of wrongful termination following his dismissal from the company. Lin claims he was falsely accused of leaking information to the press, leading to his abrupt departure from Twitter in February 2023, shortly after Elon Musk assumed control of the platform. In an interview with Zoe Schiffer for her recently published book, "Extremely Hardcore," Lin detailed his experience, asserting that he was unjustly targeted for leaking confidential information. Schiffer, a managing editor of the tech newsletter Platformer, documented Lin's account of events, shedding light on the challenges faced by employees during Musk's tenure at Twitter. Lin joined Twitter as a machine-learning engineer in February 2020 and swiftly rose to the position of staff engineer. Dissatisfied with the company's culture under former CEO Jack Dorsey, Lin welcomed Musk's takeover in October 2022, hoping for a more dynamic environment. He welcomed Musk's expectations, demonstrating dedication by arriving early and staying late at Twitter's San Francisco headquarters. Lin's efforts to impress Musk with innovative ideas, including a proposal to develop Twitter's own GPUs, garnered recognition from the CEO. However, amidst a wave of dismissals targeting dissenting voices, leaks emerged from disgruntled employees at Twitter HQ, Business Insider reported. Lin found himself trapped in the fallout when he was accused of being the source behind two Platformer articles.
OpenAI CEO warns that societal misalignments could make AI dangerous
The CEO of ChatGPT-maker OpenAI said Tuesday that the dangers that keep him awake at night regarding artificial intelligence are the very subtle societal misalignments that could make the systems wreak havoc. Sam Altman, speaking at the World Governments Summit in Dubai via a video call, reiterated his call for a body like the International Atomic Energy Agency to be created to oversee AI that's likely advancing faster than the world expects. There's some things in there that are easy to imagine where things really go wrong. And I'm not that interested in the killer robots walking on the street direction of things going wrong," Altman said. "I'm much more interested in the very subtle societal misalignments where we just have these systems out in society and through no particular ill intention, things just go horribly wrong. However, Altman stressed that the AI industry, like OpenAI, shouldn't be in the driver's seat when it comes to making regulations governing the industry. ''We're still in the stage of a lot of discussion. So there's you know, everybody in the world is having a conference. Everyone's got an idea, a policy paper, and that's OK," Altman said. "I think we're still at a time where debate is needed and healthy, but at some point in the next few years, I think we have to move towards an action plan with real buy-in around the world. OpenAI, a San Francisco-based artificial intelligence startup, is one of the leaders in the field. Microsoft has invested some $1 billion in OpenAI. The Associated Press has signed a deal with OpenAI for it to access its news archive. Meanwhile, The New York Times has sued OpenAI and Microsoft over the use of its stories without permission to train OpenAI's chatbots. OpenAI's success has made Altman the public face for generative AI's rapid commercialisation and the fears over what may come from the new technology. The UAE, an autocratic federation of seven hereditarily ruled sheikhdoms, has signs of that risk. Speech remains tightly controlled. Those restrictions affect the flow of accurate information the same details AI programmes like ChatGPT rely on as machine-learning systems to provide their answers for users. The Emirates also has the Abu Dhabi firm G42, overseen by the country's powerful national security adviser. G42 has what experts suggest is the world's leading Arabic-language artificial intelligence model. The company has faced spying allegations for its ties to a mobile phone app identified as spyware. It has also faced claims it could have gathered genetic material secretly from Americans for the Chinese government.
Norton unveils dark web monitoring tool for protection from identity theft
Norton, a leading software security provider and part of the Nasdaq-listed Gen, on Tuesday launched its Dark Web Monitoring solutions Norton 360 Premium, aimed at protecting consumers from identity theft, a top official said. With the Dark Web Monitoring services, the software monitors and alerts consumers if their personal information has been shared on the Dark Web and allows them to take action on the issue. "This innovative addition to our security package enables customers to proactively protect their digital identities in a time when cyber dangers are always present," Gen India, Director Ritesh Chopra said. According to company officials, the Dark Web comprises of small part of the internet where anonymity comes with a price and nefarious activities are conducted including the exchange of illegal goods and information. "We keep an eye out for any hacks, compromised credentials, and illegal activity by continuously searching the shadowy corners of the internet. This way, we can make sure that your sensitive information is protected from the prying eyes of hackers," he said today. Addresses, Aadhaar numbers, and data of credit cards of individuals, if found on Dark Web can be utilized for fraud and identity theft. Citing an example, he said in 2023 Aadhaar numbers, passport information along with the names and phone numbers of 815 million Indians were found on the Dark Web. Besides, 2.9 crore details of job seekers have been leaked on the Dark Web. On the launch of the Dark Web Monitoring service, Chopra said it actively searches the Dark Web based on the email address and other personal data of a consumer and issues a notification. "With Dark Web Monitoring we are offering another tool to help protect and empower people to live their digital lives more safely," he said. Norton has launched Norton 360 Premium, 360 Deluxe, and Norton 360 for Gamers. The service is available across devices including smartphones, tablets, personal computers, and iMac, he added. Besides monitoring of the Dark Web, Chopra said Norton 360 offers real-time threat protection, password management, SafeCam, Parental Control, and Software Updater among others.
IGT Solutions Announces CEO Succession Plan
"With effect from April 1, 2024, IGT Solutions, a global provider of AI-led BPM and Digital Services & Solutions, announced today that Katie Stein will take over as CEO. Effective February 14, 2024, she will become a CEO Designate of IGT Solutions. Katie joins IGT Solutions with strong subject expertise and a disruptive business leadership style. Katie most recently held the position of global. ""I would like to thank Vipul for his more than two decades of leadership on behalf of the entire company and the Board of Directors,"" stated John Del Santo, the IGT board chair. ""Katie, who has a fantastic track record of client service, leadership, and shown achievement, is also welcomed. IGT Solutions' extensive strengths in AI-led BPM and Digital Services & Solutions may reach new heights of expansion thanks to Katie's vision and experience."" ""I am honoured to join IGT Solutions at this exciting time for our employees, clients and partners,"" stated Katie. ""IGT Solutions' deep domain expertise, innovative culture, and technological prowess in assisting clients in addressing their particular industry challenges are admirable.IGT Solutions has cultivated a stellar clientele of high-profile companies in the travel and tech sectors, at a time when having a close relationship with clients is more crucial than ever. This is a fantastic starting point for our next round of development. ""I had a goal when I joined IGT Solutions: we were going to be our clients' and workers' go-to partner. With more than 25,000 workers worldwide, IGT Solutions is currently the top service provider for our travel and high-tech clients', stated departing CEO Vipul Doshi. "I welcome Katie to the CEO role and wish her the best in her efforts to lead the company to greater milestones in the future."" Concerning IGT Solutions Global companies entrust their transforming experiences to IGT Solutions, a next-generation customer experience (CX) provider. It accomplishes this by fusing digital and human intelligence with cutting-edge technologies. For managing end-to-end customer experience journeys across sectors, IGT Solutions is the go-to partner. IGT was founded in 1998 and currently operates 31 global delivery centres across 13 countries, serving client processes with over 25,000 CX professionals and over 90 worldwide marquee customers. Digital transformation, systems integration, platform solutions, industrial and enterprise solutions driven by AI/ML and Gen AI, intelligent automation and analytics, and a comprehensive range of BPM services and solutions are among the services provided by IGT Solutions. "
Ixigo Refiles DRHP For IPO, Slashes Fresh Issue Size To INR 120 Cr
"SUMMARY The company's initial public offering (IPO) includes a fresh issue of INR 120 Cr and an equity portion of 6.66 Cr The fresh proceeds will be used to fund the startup's working capital needs, technology development and support inorganic growth through acquisitions..On Wednesday, February 14, the parent company of online travel aggregator (OTA) ixigo, Le Travenues Technology Ltd, re-filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The startup's initial public offering (IPO) will include an offer for sale (OFS) component of 6.66 Cr equity shares and a new issue of INR 120 Cr, according the DRHP. Among the investors who will sell shares via OFS are cofounders Aloke Bajpai and Rajnish Kumar, SAIF Partners India, Peak XV Partners, and Micromax Informatics. The IPO revenues of INR 45 Cr would be used by the firm to meet its working capital needs. The remaining INR 26 Cr will be used to expand investments in data science, artificial intelligence, and stacking the tech stack investments, among other things, in artificial intelligence and data science. Additionally, the money collected from the IPO will be put towards general business needs and acquisitions to support inorganic development. Ixigo is a travel technology platform that was founded in 2007 by Bajpai and Kumar. It generates income through the selling of different travel-related services, such as bus, rail, and airline tickets. By providing advertising services on its platform, it also makes money. Over the last 15 years, the firm has garnered around $88 million in capital from a variety of investors, including Peak XV Partners, Singapore's GIC, InfoEdge, Elevation Capital, and Fosun RZ. At the height of the funding boom in 2021, it last raised $53 million. Its rivals include Cleartrip, MakeMyTrip, EaseMyTrip, and Yatra. Ixigo's initial public offering (IPO) coincides with a series of cost-cutting initiatives the traveltech business has implemented over the last year to improve financial performance. Cofounder Bajpai discussed ixigo's frugal plan and mentioned that the company's zero-dollar marketing strategy had greatly benefited profitability in an interview with Inc42 last year. In the fiscal year 2022–2023 (FY23), the company surpassed the INR 500 Cr operational revenue revenue mark, up 32% year over year (YoY), thanks to post-pandemic growth and its thrifty attitude. In addition to this, the OTA recorded a net profit in FY23 of INR 23.4 Cr as opposed to a deficit in FY22 of INR 21.1 Cr. In the nine months that concluded in December 2023, Ixigo generated operational revenue of INR 491 Cr, according to the DRHP. During this time, its profit was INR 65.7 Cr, compared to INR 18.7 Cr the previous year. The company is making its second effort at going public. In 2021, it first submitted a DRHP for an INR 1,600 Cr IPO. Ixigo, however, decided against going public because of the unfavourable macroeconomic climate, which saw funding freezes and market volatility hit new-age tech firms. "
Cricket, elections to help TV AdEx grow 8% in 2024
Today in Mumbai, prominent figures from the marketing and advertising fields as well as leaders in the industry launched the Pitch Madison Advertising Report (PMAR). The study makes projections about media and advertising sector ad spending that will enable companies to completely transform their approach to marketing. The Pitch Madison Advertising Report predicts that linear TV will rise this year as big, established marketers still have faith in TV's ability to establish brands. "In 2024, we anticipate that TV will add an additional Rs 2,700 crore and grow by 8%, reaching a total of Rs 35,575 crore." TV will, however, lose 1% of the market share with this growth and end up at 32%, according to the research. The report further revealed that TV AdEx is under pressure as there is a growing perception that the very large lower middle class is under severe financial pressure and is being forced to buy and spend less. The report added that the reluctance of start-ups to finance expensive large-format shows, which are very profitable for broadcasters, is putting enormous pressure on TV ADEX. On the other hand, consumption of FMCG televisions is expected to increase year-on-year to drive volume growth. Positive factors that can drive the growth of TV AdEx are belief in the branding power of television, cricket tournaments IPL and ICC Men's T. 20 Cricket World Cup and general elections e.g.. The PMAR provides insights and forecasts for the future by analysing the amount and usage of advertising funds over the previous year. It seeks to comprehend the difficulties and possibilities that face marketers and the print, broadcast, radio, out-of-home, online, and film industries. PMAR's comprehensive data and insights allow advertisers, media planners/buyers, and brands to evaluate the previous year and make informed plans for the upcoming one. For information on current market trends and significant advancements across a range of media, media owners, marketers, and specialists in media buying and planning should consult this report.
Narendra Modi UAE Visit Highlights UPI payment to begin in UAE soon, announces PM
Highlights of Prime Minister Narendra Modi's UAE visit: At the 'Ahlan Modi' event in Abu Dhabi, Modi spoke to the Indian diaspora. Highlights of Narendra Modi's UAE visit: On Tuesday, Prime Minister Narendra Modi began a two-day visit to the United Arab Emirates (UAE). President Mohamed bin Zayed Al Nahyan met Modi at the airport in a cordial manner. The two chiefs gave each other hugs. Later on, he received a guard of honour. The two leaders also had extensive discussions in which they went over the strategic partnership, talked about potential new areas of collaboration, and saw a number of agreements, including a bilateral investment pact, signed. The temple is located in Abu Mureikhah near Al Rahba on the Dubai-Abu Dhabi Sheikh Zayed Highway. It has reached about 27 hectares of land in Abu Dhabi and construction work is ongoing since 2019. The land for the temple was donated by the United Arab Emirates government. During Modiand#039's meeting with UAE President Mohamed bin Zayed Al Nahyan, the leaders witnessed the exchange of eight agreements, including a bilateral investment treaty, a memorandum of understanding on cooperation in electricity connectivity and trade, and an intergovernmental framework agreement between India and India . . . UAE in the India-Middle East Economic Corridor. Modi also congratulated the UAE President on the launch of JAYWAN, the country's domestic card based on RuPay's digital credit and debit card. Both the drivers saw the transaction that was made with JAYWAN's card. Modi will also attend the World Government Summit 2024 in Dubai as the guest of honor during his visit, where he will deliver the keynote address. Modiandi's visit to the UAE is his seventh since 2015 and the third in the last eight months, highlighting the strong ties between the Indian and UAE leadership. Here are some highlights of PM Modiand visit #039 to UAE. ."UPI payment to begin in UAE soon," said PM Narendra Modi during his live visit to the country. At the 'Ahlan Modi' event, the Prime Minister addressed the Indian diaspora and announced that UPI payments will soon start in the United Arab Emirates. "It will make seamless payments between India and UAE accounts possible," he states. UPI (Unified Payment Interface) services were launched in Abu Dhabi on Tuesday by Prime Minister Narendra Modi and President Sheikh Mohammed Bin Zayed Al Nahyan of the United Arab Emirates. The Indian Prime Minister is scheduled to dedicate the country's first Hindu stone temple during his two-day visit to the Gulf state. During a bilateral encounter, the president of the UAE and Modi exchanged multiple Memoranda of Understandings (MoUs). "First and first, Brother, let me sincerely thank you for your cordial welcome. It is quite uncommon for us to have met five times in the past seven months. I've also had the chance to visit this place seven times; the manner we've advanced in all areas remarkable..
