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Chinese company BabyBus is taking kids for a ride
Economic Times
·
1y ago
Medial
Chinese company BabyBus is facing scrutiny over its popular gaming apps for children in India. The apps have been found to collect a significant amount of user data, including device details, app interactions, and personal information. While the data is encrypted during transmission, there is no option for users to request deletion. Experts are concerned about how BabyBus may be using the collected data to compete with American rivals and the potential privacy and security risks associated with it. They are calling for stricter moderation by the Indian government to protect user privacy and national security.
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Indian govt should continue to keep China apps in check: FCC Commissioner Brendan Carr
Economic Times
·
1y ago
Medial
US Federal Communications Commission (FCC) commissioner Brendan Carr suggests that India should closely monitor the operations of the child-focused app BabyBus, which has raised concerns about data collection. He commends India's action to ban TikTok and hopes that the US Congress will follow suit. Carr highlights BabyBus' history of data sharing violations and emphasizes the need for a nationwide ban on TikTok in the US. He also praises India's efforts in providing internet access to its citizens and expresses interest in learning from India's approach to connectivity challenges.
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Chinese ride-hailing app DiDi to become second largest shareholder of state-backed NavInfo unit
Economic Times
·
11m ago
Medial
Chinese ride-hailing company DiDi Global is set to become the second-largest shareholder of AutoAi, a subsidiary of maps firm NavInfo. DiDi will exchange cash and its smart driving and cockpit unit for a 16.5% stake in AutoAi, valuing the subsidiary at 450 million yuan ($63 million). The deal will allow DiDi to step back from electric vehicle manufacturing and focus on its core ride-hailing business. DiDi recently sold its EV development business to Xpeng in exchange for a 3.25% stake in the automaker.
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Inside the reticent mind of FirstCry’s top bee—Supam Maheshwari
Livemint
·
11m ago
Medial
FirstCry, the Indian startup unicorn that operates a baby products retail platform, recently made a strong debut on the stock market. The company, founded by Supam Maheshwari, has attracted the attention of investors for its success in the competitive baby and kids category. Despite operating somewhat under the radar, Maheshwari has managed to build an impressive business with a strong offline presence alongside its online platform. Now that FirstCry is listed, Maheshwari is working on taking his second company, XpressBees, public in the next two years.
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Couple gets ₹1-crore bill for 10-km Uber Auto ride in Bengaluru
Inshorts
·
1y ago
Medial
A Hyderabad couple got an Uber Auto bill of over ₹1 crore in Bengaluru after taking a 10-km ride. Sriraj Nilesh said he and his wife got the bill for a ride from KR Puram to Koramangala, after which they were informed about a technical glitch by Uber. A Noida man earlier got a ₹7.6 crore bill on Uber Auto.
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Pace of AI development terrifying, a risky gamble: Ex-OpenAI safety researcher
Inshorts
·
6m ago
Medial
OpenAI safety researcher Steven Adler recently announced that he left the company after four years of a "wild ride". Taking to X, Steven said, "Honestly I'm pretty terrified by the pace of AI development these days." "An AGI (artificial general intelligence) race is a very risky gamble, with huge downside. No lab has...solution to AI alignment today," he added.
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BluSmart to deploy 300 electric cabs on Uber’s platform
YourStory
·
4m ago
Medial
BluSmart, an electric vehicle ride-hailing app, plans to deploy 300 electric cabs on Uber's platform amidst its challenges. This collaboration follows a standard aggregator model, with Uber taking a commission per ride. BluSmart's leadership, including its CEO, plans exits amid financial struggles. Previously, BluSmart partnered with Rapido for a similar model, but Rapido withdrew due to liquidity issues at Gensol, BluSmart's cab lessor. Talks of Uber acquiring BluSmart are currently denied by its co-founder.
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Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office
Economic Times
·
7m ago
Medial
President-elect Donald Trump requested the Supreme Court delay the TikTok ban until his administration addresses the issue politically. A law requiring TikTok to divest from its Chinese parent company by January 19 or face a ban is under scrutiny. While TikTok argues against this as a restriction on free speech, the government views it as essential for national security. Trump, although opposing a ban, prepares to resolve the issue after taking office.
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Ola Cabs CFO Kartik Gupta steps down in pre-IPO restructuring
YourStory
·
1y ago
Medial
Ola Cab's Chief Financial Officer, Kartik Gupta, has resigned from his position in the ride-hailing company. This news comes just two weeks after Ola's CEO, Hemant Bakshi, also departed. The company's spokesperson mentioned that the restructuring is aimed at increasing productivity in an AI-led era, saving costs, and focusing on growth and profitability. Ola Cabs is currently undergoing major changes, including leadership team shuffles and founder Bhavish Aggarwal taking a more active role in the company, aiming towards an IPO. The company recently shut down its operations in the UK, Australia, and New Zealand.
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Tim Cook flexes his Shanghai trip on Chinese social media amid Apple's China crisis
Business Insider
·
1y ago
Medial
Apple CEO Tim Cook has been sharing highlights of his trip to China on the social media platform Weibo. Cook posted a video of himself enjoying breakfast and taking a stroll along the Bund waterfront with Chinese actor Zheng Kai. He also shared visits to a local director's studio, a Chinese games developer, and an Apple store. Cook's trip to China comes amid falling iPhone sales in the country and increasing competition from domestic smartphone makers. Engaging with Chinese consumers directly is seen as a key strategy for Apple to maintain its position in the market.
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Govt scans China firms exploiting EV sops loophole
Livemint
·
1y ago
Medial
India is taking measures to prevent Chinese companies from bypassing government policies by forming partnerships with Indian shell companies to access subsidies in the electric vehicle market. The government is cracking down on Chinese automobile companies with ties to suspected Indian proxy partners that lack strategic plans for building capabilities in India. This move comes as the government invests heavily in promoting the electric vehicle market and aims to reduce dependence on Chinese companies in the long term. The government is closely monitoring the development of India's nascent EV market due to concerns about China's dominance, particularly in lithium-ion batteries.
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