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India among global fintech hotspots, says World Economic Forum study
YourStory
·
1m ago
Medial
India is recognized as a global fintech hotspot alongside the US and the UK, according to a World Economic Forum study. The report highlights India's role in enhancing financial access in emerging markets, despite a post-pandemic slowdown. The study identifies key fintech hubs, including India, hosting over 10 firms each. Fintechs are increasing financial inclusion, with significant customer growth among traditionally underserved groups like MSMEs, low-income individuals, and women, especially in emerging markets.
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80% of cyber crimes from 10 districts; Rajasthan's Bharatpur new Jamtara: study
Economic Times
·
1y ago
Medial
According to a study by an IIT Kanpur-incubated startup, Bharatpur and Mathura have replaced Jamtara and Nuh as the top hotspots of cybercrime in India. The study reveals that the top 10 districts collectively contribute to 80% of cybercrimes in the country. Factors contributing to their vulnerability include proximity to urban centers, limited cyber security infrastructure, economic challenges, and low digital literacy. The study also highlights the emergence of new hotspots that require attention and proactive measures.
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OpenAI coup less stressful than superintelligent AI, Sam Altman says
Economic Times
·
1y ago
Medial
OpenAI CEO Sam Altman, speaking at the World Economic Forum in Davos, described his brief and swiftly reversed firing as less stressful than the global pursuit of creating artificial general intelligence (AGI) on par with humans. He emphasized the increasing stakes and tensions as the world approaches AGI, noting that regulatory discussions are essential. Altman's dismissal served as a lesson to address urgent problems promptly and highlighted the need for experienced leadership on the board. The Davos summit focused on AI's impact, investments, and potential risks to democracy.
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AI is the buzz, the big opportunity and the risk to watch among the Davos glitterati
Economic Times
·
1y ago
Medial
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.
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Bill Gates says the richest countries, companies, and people should be 'more generous'
Business Insider
·
1y ago
Medial
During a panel discussion at the World Economic Forum in Davos, Bill Gates urged the wealthiest countries and individuals to increase their generosity towards the Global South. He emphasized the immense demand for resources and the pressing needs in areas such as Ukraine, the Middle East, and climate change mitigation and adaptation. Gates proposed three solutions, including greater generosity, prioritizing high-impact areas, and increased innovation for the needs of the Global South. He also highlighted the importance of meeting the UN target of donating 0.7% of gross national income in aid.
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World Economic Forum: Karnataka signs MoUs worth Rs 22,000 crore with seven firms
Economic Times
·
1y ago
Medial
The World Economic Forum (WEF) and the government of Karnataka have signed multiple memorandums of understanding (MoUs) worth Rs 22,000 crore ($3 billion) with various companies including Microsoft, Hitachi, and others. These collaborations aim to promote the state's economic development by leveraging technologies such as artificial intelligence (AI), cloud computing, and smart manufacturing. The MoUs were announced during the Global Investors Meet organized by the Karnataka government.
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Employer Branding Trends To Watch Out For
Inc42
·
1y ago
Medial
Companies with diverse executive teams have a higher chance of achieving above-average profitability, according to McKinsey. The World Economic Forum forecasts that around 50% of employees will need reskilling by 2025. Moreover, by 2030, artificial intelligence is expected to contribute $15.7 trillion to the global economy, bringing about significant changes in the job market.
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Detecting deepfakes should not be the sole responsibility of platforms: Sam Gregory
Economic Times
·
1y ago
Medial
The upcoming elections in over 40 countries, including India, are at risk of being influenced by AI-driven misinformation, according to a study by the World Economic Forum. Deepfakes, synthetic media tools, are becoming more accessible and are being used both positively and negatively in political campaigning. Detection tools for deepfakes are not yet fully developed, and there is an equity gap in access to these tools. Journalists, fact checkers, and election officials need to be equipped to detect deceptive AI. While some tech companies are working on AI detection tools, regulation and standards are also needed to ensure transparency and accountability.
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India to launch first made in India chip in 2025: Ashwini Vaishnaw
Inshorts
·
6m ago
Medial
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."
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India ranks number 10 in cybercrime, study finds
Economic Times
·
1y ago
Medial
India ranks 10th in cybercrime, with advance fee payment frauds being the most common type, according to the World Cybercrime Index. The index compiled by an international team of researchers surveyed cybercrime experts worldwide and identified key hotspots for various types of cybercrime. Russia topped the list, followed by Ukraine, China, the US, Nigeria, and Romania. The study found that different countries specialize in different types of cybercrime, with India specializing in scams. The research aims to aid in the fight against profit-driven cybercrime by providing insights into the geography of cybercrime.
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Accel Raises $650 Million Fund to Back Start-Ups in AI, Fintech, and More
OutlookIndia
·
6m ago
Medial
Accel has raised a $650 million early-stage fund aimed at supporting start-ups in AI, fintech, manufacturing, and consumer sectors. The venture capital firm plans to empower founders to address real-world challenges and create impactful global solutions. With a focus on digital adoption in India, Accel aims to fund category-defining businesses leveraging AI talent, fintech innovation, and next-gen manufacturing technologies. Their goal is to contribute significantly to India's economic growth and global market presence.
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