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News on Medial
AI-native companies are growing fast and doing things differently
Livemint
·
5m ago
Medial
AI-native companies, unlike traditional businesses integrating AI, start with AI at their core, allowing them to innovate and reimagine products without legacy constraints. These startups are influencing sectors like finance and advertising by utilizing AI to streamline processes and enhance decision-making. Examples include Supernatural AI and StackBlitz, which leverage AI for competitive advantages and rapid growth. Traditional companies should monitor AI-native firms for competition, fresh insights, and lessons.
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Related News
Humans can be free from jobs that computers can do: Ola CEO on AI
Hindustan Times Tech
·
1y ago
Medial
Speaking on artificial intelligence (AI) revolution, Ola CEO Bhavish Aggarwal said, "We humans can finally aspire to be free from doing jobs that...computer can do and truly expand the frontiers of knowledge and creativity." "AI revolution is happening fast and it will propel human productivity, accelerate science and discovery," he added. Aggarwal has announced an AI chat app named 'Krutrim'.
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WHO releases AI ethics and governance guidance for large multi-modal models
Medial
·
1y ago
Medial
The World Health Organization (WHO) has issued new guidance on the ethics and governance of large multi-modal models (LMMs) in the field of artificial intelligence (AI). The guidance includes over 40 recommendations for governments, technology companies, and healthcare providers. LMMs are fast-growing AI technologies that can accept various types of data inputs and generate diverse outputs. The guidance addresses the potential benefits and risks of LMMs in healthcare and emphasizes the need for transparent information, policies, and stakeholder engagement to ensure their safe and appropriate use.
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Native teens are nearly 4 times as likely to commit suicide. Tribes suing Meta, Google, TikTok, and Snapchat say social media addiction fuels the problem.
Business Insider
·
1y ago
Medial
Two Native American tribes, the Spirit Lake Tribe and the Menominee Indian Tribe, have filed lawsuits against social media giants, including Facebook, Instagram, Snapchat, TikTok, YouTube, Meta, and Google. They accuse the platforms of contributing to the high suicide rates among Native teenagers by purposely designing addictive features. The lawsuits seek equitable relief to fund prevention education and treatment for excessive social media use. The tribes argue that the social media companies have exploited the vulnerability of Native youth and are demanding accountability for the negative impacts on mental health. Robbie Kaplan, the attorney filing the suits, states that these companies prioritize profits over the well-being of Native children.
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Major demand for roles in risk and control, cybersecurity: Heidrick & Struggles CEO
Economic Times
·
3m ago
Medial
India's dynamic market is experiencing significant demand for roles in risk and control, cybersecurity, and technology, driven by growing companies looking for quality talent, says Tom Monahan, CEO of Heidrick and Struggles. With India as an important part of global growth strategies, there's a strong push for AI skills in leadership roles. The country’s robust growth and ease of doing business have attracted major expat hiring, especially in technology, financial services, and manufacturing sectors.
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Fidelity marks down Gupshup to $700M amid startup valuation concerns
Money Control
·
1y ago
Medial
Fidelity's markdown of Gupshup for the third time in five months highlights how investors are evaluating Indian startups differently in terms of valuation differently amid a gripping funding winter and at a time when industry watchers have voiced caution about the overestimation of the country's internet market
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Collibra acquires data access startup Raito | TechCrunch
TechCrunch
·
1m ago
Medial
Collibra, a Brussels-based data governance platform, has acquired Raito, a data access startup, to enhance its offerings in the AI era. Raito helps manage internal data access, addressing a growing issue for enterprises. Collibra CEO Felix Van de Maele highlighted the need for scalable solutions, noting that legacy approaches are insufficient. The acquisition improves Collibra's data access controls, complementing their existing product, Collibra Protect. Raito's cloud-native technology aligns with current AI advancements, furthering Collibra’s unified governance platform.
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Is coding becoming optional in a high-tech world?
Inshorts
·
2m ago
Medial
India is seeing a surge in low-code and no-code platforms. Businesses now automate workflows without full-stack devs. This democratises tech access, letting more teams innovate fast. It won't replace coders, but it changes who builds and how fast things scale across industries and functions.
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GenAI projects are influencing cloud adoption: HCLTech study
Economic Times
·
9m ago
Medial
According to a report by HCLTech, generative artificial intelligence (GenAI) projects are driving cloud adoption and interest in cloud native practices for application modernization. The report states that 98% of enterprises are exploring custom GenAI solutions, with 80% agreeing that the public cloud's value can only be fully realized if applications are modernized during migration. Embracing cloud native architectures and platform engineering is essential for businesses aiming to build a resilient and innovative IT landscape. The report also highlights the importance of hybrid, multicloud strategies and the growing recognition of the value of third-party consulting in cloud strategy execution.
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GlobalBees Raises Stakes In Frootle India, Wellspire India
Inc42
·
10m ago
Medial
GlobalBees, a company in the digital consumer brands space, has announced that it has acquired an additional 23% stake in Frootle India Pvt Ltd and Wellspire India Pvt Ltd. The investment, worth INR 105.15 Cr and INR 1.05 Cr respectively, has increased GlobalBees' stake in both companies from 51% to 74%. GlobalBees is a rapidly growing company that focuses on acquiring and scaling digitally native consumer brands. Frootle and Wellspire are both subsidiaries of FirstCry, an omnichannel baby and kids marketplace.
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Aerospike set to grow real time database for AI with $109M raise
Venturebeat
·
1y ago
Medial
Aerospike, a real-time NoSQL database platform, has raised $109 million in funding to support the growing demand for AI and expand its capabilities. The company, which has been adding features and growing as a multi-model database, is increasingly being used to enable AI and machine learning applications. While Aerospike currently supports AI/ML use cases without native vector support, it is building out vector capabilities to enhance its offerings. The intersection of graph database and vector support has the potential to bring more context and intelligence to AI applications.
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