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Entrepreneurs in fintech, AI get awards at Indo-European business forum

Economic Times

Economic Times · 7m ago

Entrepreneurs in fintech, AI get awards at Indo-European business forum

The annual Indo-European business forum (IEBF) meet took place at the House of Lords complex in London, where high achievers facilitating cross-border partnerships between India and Europe were honored. The event, called the 'Viksit Bharat Investment Summit', focused on India's goal of becoming a developed economy by 2047 and showcasing business and investment opportunities. Among the awardees were entrepreneurs in fintech, AI-driven visual recognition, fund management, and promotion of Indo-UK business. The event coincided with the relaunch of Free Trade Agreement talks between the UK and India. Karnataka's labor minister also highlighted his state as a prime investment destination.

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AI is the buzz, the big opportunity and the risk to watch among the Davos glitterati

Economic Times

Economic Times · 1y ago

AI is the buzz, the big opportunity and the risk to watch among the Davos glitterati

At the World Economic Forum in Davos, artificial intelligence (AI) was a major topic of discussion among world leaders and corporate executives. OpenAI's CEO, Sam Altman, made waves with his presence, and AI's geopolitical importance was emphasized by leaders from China to France. The European Union has developed comprehensive AI regulations, while China called for control over machines and responsible AI development. Business leaders expressed optimism about the economic benefits of AI but acknowledged the potential job displacement it could cause.

10 Indian AI Startups Go Global with HEC Paris & STATION F

YourStory

YourStory · 1m ago

10 Indian AI Startups Go Global with HEC Paris & STATION F

The Incubateur HEC Paris, in collaboration with the IndiaAI program, is helping ten Indian AI startups scale in European markets. This initiative, endorsed by the Indian Ambassador to France, builds on Indo-French ties in AI and deep tech. Over four months, startups like PrivaSapien, CoRover.ai, and SatSure will receive mentoring and access to EU networks. The program aims to position India as a global AI leader while offering European companies access to Indian digital innovation.

India Fashion Awards unveils Fashion Entrepreneur Fund website to foster innovation in the fashion industry

IndianStartupNews

IndianStartupNews · 1y ago

India Fashion Awards unveils Fashion Entrepreneur Fund website to foster innovation in the fashion industry

The India Fashion Awards (IFA) introduced the Fashion Entrepreneur Fund (FEF) website at an event in New Delhi. Created by entrepreneur Sanjay Nigam, FEF aims to provide financial assistance and guidance to fashion entrepreneurs. Prominent figures like Karan Johar and business leaders including Naveen Jindal support this initiative. Karan Johar launched the FEF website during the 'Alliance Dinner,' expressing enthusiasm for empowering the next generation of fashion entrepreneurs. FEF also plans to invest Rs 20 crore in promising fashion startups, fostering innovation and sustainability in the industry.

Everyone's buzzing about AI — including plenty of people who clearly don't understand it

Business Insider

Business Insider · 1y ago

Everyone's buzzing about AI — including plenty of people who clearly don't understand it

AI is the buzzword at the World Economic Forum in Davos, with discussions focused on its potential risks and the technical aspects. However, not everyone grasps how to implement AI effectively. Some leaders at the forum feel that the conversations are superficial, lacking in in-depth understanding. Companies like Salesforce, Infosys, IBM, and Accenture have prominently showcased their commitment to AI. Experts compare the AI buzz to the early days of the internet, suggesting that AI will become integrated into various topics and discussions. Business leaders are urged to redesign processes and maximize the potential of generative AI to boost efficiency.

ET Startup Awards 2024: Union minister Piyush Goyal to grace tenth edition of awards

Economic Times

Economic Times · 10m ago

ET Startup Awards 2024: Union minister Piyush Goyal to grace tenth edition of awards

Union commerce and industry minister Piyush Goyal will be the guest of honour at The Economic Times Startup Awards, celebrating entrepreneurial excellence. The event, marking a decade of the awards, will feature business leaders and policymakers. Goyal's first interaction with startup industry leaders since removing the 'Angel Tax' is expected to shed light on government support for the new-age economy. Lenskart was named Startup of the Year, with other winners including Boult, BrainSight AI, Rentomojo, ClaimBuddy, Kinara Capital, and Haqdarshak. The awards have recognized successful startups like Ola, Zomato, and Oyo in previous editions.

Indo Count Industries strikes second US acquisition within a month

VCCircle

VCCircle · 9m ago

Indo Count Industries strikes second US acquisition within a month

Indian exporter Indo Count Industries has made its second acquisition in the US within a month by purchasing Modern Home Textiles. The deal follows Indo Count's purchase of bed linen manufacturer Fluvitex USA last month. The Modern Home acquisition will give Indo Count an annual capacity to produce 8 million pillows. The Fluvitex purchase added a capacity of 5 million pillows and 1.5 million quilts to Indo Count's portfolio. The firm aims to establish an integrated utility bedding business in the North American market through the two acquisitions.

India to launch first made in India chip in 2025: Ashwini Vaishnaw

Inshorts · 5m ago

India to launch first made in India chip in 2025: Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw has reportedly said that the first made in India chip will be rolled out this year. Speaking at the World Economic Forum in Davos, he said, "Now we are looking at the next phase, where we can get equipment manufacturers, material manufacturers and designers in India."

Former Peak XV exec Shweta Rajpal Kohli to launch Startup Policy Forum

YourStory

YourStory · 7m ago

Former Peak XV exec Shweta Rajpal Kohli to launch Startup Policy Forum

Shweta Rajpal Kohli, a former executive at Peak XV and public policy expert, has introduced Startup Policy Forum (SPF), a platform to support and empower the Indian startup ecosystem. SPF plans to launch on January 16th and aims to bring together founders, policymakers, and regulators to enhance the government's efforts in backing Indian startups. The forum has already enlisted 30 startups as its members, including Razorpay, CRED, Pine Labs, Swiggy, and Bluestone. SPF has also established sector-specific councils to drive initiatives in fintech, consumer and commerce, emerging tech and AI, and new-age public companies.

OpenAI's internal AI details stolen by hacker last year: Report

CNBC

OpenAI's internal AI details stolen by hacker last year: Report

A hacker gained access to the internal messaging systems of ChatGPT-maker OpenAI last year and stole details about its AI technologies' design, the NYT reported. The hacker reportedly stole details from an employee forum but didn't get into the systems where OpenAI houses its AI. OpenAI executives didn't consider the incident a national security threat, the report said.

LIVE | ET Startup Awards 2024: Celebrating India's excellence

Economic Times

Economic Times · 9m ago

LIVE | ET Startup Awards 2024: Celebrating India's excellence

- The Economic Times Startup Awards is celebrating its tenth edition in Bengaluru today, October 5. - The event will feature top entrepreneurs, policymakers, investors, and business leaders. - Ashwini Vaishnaw, union minister for railways, information and broadcasting, electronics, and IT, will be the guest of honour. - The ceremony will include past and present winners and nominees as prestigious speakers. - The event aims to recognize and celebrate the best of Indian entrepreneurship.

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