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News on Medial
All-in-one solutions will start to become extinct
Techradar
·
1y ago
Medial
The article discusses the drawbacks of all-in-one software solutions and the benefits of adopting a composable approach. All-in-one solutions, while convenient, often include unnecessary features and can limit flexibility and integration with new technologies. Composable technology, on the other hand, allows businesses to build their systems using modular components, providing agility, scalability, and adaptability. The article suggests adopting a best-of-breed approach, where businesses can choose and integrate the most suitable tools for their specific needs. It also highlights the importance of a flexible content management system (CMS) that enables easy content distribution across various platforms.
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Meta's top AI scientist reportedly warned Mark Zuckerberg that Facebook and Instagram could go extinct if they didn't catch up with ChatGPT
Business Insider
·
1y ago
Medial
Meta's top AI scientist, Yann LeCun, reportedly warned Mark Zuckerberg that Facebook and Instagram could become extinct if they didn't catch up with OpenAI's ChatGPT. LeCun urged Zuckerberg to develop a rival AI assistant to compete with ChatGPT. While initially irked, Zuckerberg eventually agreed with LeCun's concerns and decided to release Meta's own open-sourced AI model, called LLaMA. Despite some security concerns, Meta continued to pursue AI tools and released LLaMA 2 and unveiled Ray-Ban Meta smart glasses and AI chatbots impersonating celebrities.
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One Point One Solutions Q3 net up 3 times on better margins
Thehindubusinessline
·
1y ago
Medial
Business Process Management company, One Point One Solutions, has reported a three-fold increase in net profit for the December quarter, reaching ₹6 crore compared to ₹2 crore in the previous year. The company's income also rose by 18% to ₹42 crore, driven by higher margins. One Point One Solutions added two new clients, Tata ONDC and VLCC, during the quarter and expects increased volume from them soon. The company plans to sign more contracts by the end of the fiscal year and aims to become a full-fledged IT services company in the future through acquisitions.
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Standard Chartered India CEO Zarin Daruwala to retire on April 1
VCCircle
·
10m ago
Medial
- Standard Chartered's India and South Asia CEO Zarin Daruwala to retire on April 1, 2025. - Standard Chartered will announce Daruwala's successor at a later date. - Daruwala joined Standard Chartered in 2016 and has over 35 years of banking experience. - India has become one of the largest markets for the group under Daruwala's leadership. - Daruwala focused on cross-border solutions in corporate, investment banking, and wealth and retail banking.
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Jensen Huang, the CEO of Nvidia, is on the cusp of becoming one of the richest 20 people in the world
Business Insider
·
1y ago
Medial
Nvidia's CEO, Jensen Huang, is set to become one of the world's top 20 billionaires as the company's stock continues to soar. With Nvidia's stock price increasing fivefold since the start of 2022, Huang's net worth has reached nearly $70 billion. This surge in fortune is largely attributed to the boom in artificial intelligence. Huang's wealth rose by 22% in just one day after Nvidia's fourth-quarter results surpassed expectations. With his fortune growing by 57% in less than two months, Huang is now the 21st-richest person globally.
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Indus Appstore And Start-Up India Collaborate To Launch Indus Appstore Emerging Start-Up Awards
OutlookIndia
·
1y ago
Medial
PhonePe's Indus Appstore, in collaboration with Start-up India, has launched the Indus Appstore Emerging Start-up Awards. The awards aim to recognize and celebrate innovative start-ups in sectors like Fintech, e-commerce, social impact, HealthTech, AgriTech, and gaming. Eligible start-ups must be registered under Start-up India, operational for at least one year, and have their applications listed on the Indus Appstore Developer Platform. Winners will receive a cash prize and entry into the Indus Accelerate Program. Start-ups can apply by uploading their app on the Indus Appstore and completing the required questionnaire on the Start-up India website.
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This Noida-based start-up is offering a centuries-old investment instrument in a digital avatar
Business Today
·
1y ago
Medial
Noida-based start-up, The Money Club, is digitizing chit funds to bring transparency, efficiency, and access to the lower middle-class segment. The platform connects users to money clubs using AI-powered algorithms, allowing them to save, invest, and borrow funds. With over 2.8 million transactions and a user base of over seven lakh, the platform addresses the financial challenges faced by millions of Indians and aims to become one of the largest on-demand liquidity platforms globally. The start-up has raised funding from investors and plans to offer digital gold savings facilities in the future.
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US-based Pienza Ventures to offer accelerator initiative for Indian B2B startups
Livemint
·
1y ago
Medial
Seattle-based venture fund Pienza Ventures is investing $5 million in SAAS-based B2B Indian start-ups. The fund aims to facilitate market access to the US, the world's largest start-up ecosystem, through its accelerator program. Pienza will provide personalized, one-to-one mentoring and strategic guidance to a limited number of companies. The fund plans to focus on market readiness, early access to customers, and on-ground immersion in the US. Pienza is looking for B2B SAAS or AI companies with 5 to 10 early customers and/or $500k in annual recurring revenue. India's start-up ecosystem is robust, attracting over $8 billion in funding in 2023 alone.
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PedalStart Launches Second Edition Of Its Flagship Cohort – ‘Zero-to-One 2.0
OutlookIndia
·
1y ago
Medial
PedalStart has announced the launch of the second edition of its start-up acceleration program called "Zero-to-One 2.0." The outcome-driven program aims to provide early-stage entrepreneurs with mentorship, skills, capital, networking opportunities, and resources to help them grow their businesses. PedalStart will invest Rs 5 crore into the cohort start-ups and provide credits worth Rs 2.2 crore, among other benefits. The first cohort has already witnessed successes, with three start-ups receiving funding. Applications for Zero-to-One 2.0 are open until October 25th, 2023.
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Hitachi Air Conditioning India signs MoU with DPIIT to set up start-up incubator
Business Today
·
10m ago
Medial
- Johnson Controls-Hitachi Air Conditioning India has signed an MoU with DPIIT to establish an incubator for manufacturing-focused start-ups in Gujarat. - The incubator will be set up in Hitachi's premises in Kadi, Gujarat, and aims to foster innovation in the manufacturing sector. - It will provide a robust platform for start-ups focused on manufacturing sectors, technological advancements, sustainability, and energy efficiency. - The incubator will offer support in R&D, prototyping, testing, and mentoring to help start-ups develop prototypes and commercialize their products. - Hitachi will assist start-ups in managing funding needs, legal services, and IP filing to enable the commercialization of innovative products. - The manufacturing facility at Kadi, Gujarat, and the Global Development Center are dedicated to bringing innovative air conditioning solutions to Indian customers.
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Convin, Finarkein, six others raise early-stage funds
VCCircle
·
11m ago
Medial
Convin, Finarkein, InsurancePadosi, just words, plutos ONE, T9L QUBE, OneMoney, and 99 Pancakes have all secured early-stage funds. These companies will use the capital to expand their teams and distribution channels, projecting significant customer and revenue growth. Convin is an AI-driven platform that enhances customer interactions, while Finarkein offers data and workflow solutions. InsurancePadosi provides personalized insurance recommendations, just words focuses on marketing, plutos ONE offers technical services for bill payment, T9L QUBE is a startup incubator, OneMoney is an ID-sharing platform, and 99 Pancakes is a QSR chain specializing in pancakes.
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