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News on Medial
Separating fact from fiction: how many unicorns does India really have?
VCCircle
·
1y ago
Medial
Perfios, an Indian startup that provides SaaS solutions, recently joined the unicorn club by raising $80 million in funding. A unicorn is a company valued at $1 billion or more. This raises the question of how many unicorns India really has. While there are varying opinions on the actual number, India has seen a significant rise in the number of unicorns in recent years, indicating a growing startup ecosystem in the country.
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AI officer is the hot new job that pays over $1 million
Economic Times
·
1y ago
Medial
The article discusses how the focus on the metaverse has shifted to artificial intelligence (AI), leading to a decline in the demand for metaverse executives. Many companies have moved on from the metaverse, with only a few CEOs mentioning it on earnings calls. AI leaders are now in high demand, with companies like Accenture and GE HealthCare making recent hires. The article highlights the fickle nature of technology trends and the challenge of separating hype from reality in the business world.
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'We should stop worshipping unicorns', says CRED founder Kunal Shah
IndianStartupNews
·
1y ago
Medial
Kunal Shah, founder of CRED, expressed his belief that India should shift its focus away from worshiping unicorns and instead celebrate entrepreneurs who have built profitable companies without relying heavily on capital. He noted that while unicorns are mythical, many lesser-known founders have achieved success through profitable ventures. Shah highlighted the importance of recognizing entrepreneurs who create profit pools and build sustainable businesses. His comments come amid a slowdown in India's startup ecosystem, marked by a decrease in new unicorn additions and a funding winter.
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TikTok prepares to combat misinfo, AI fakes and influence ops ahead of European Union election
Economic Times
·
1y ago
Medial
TikTok is taking steps to tackle misinformation during the upcoming European Union elections by setting up fact-checking hubs within the app. It plans to launch in-app election centers in each of the 27 EU countries next month to help users separate fact from fiction. With concerns about the spread of misleading content and deepfake videos, TikTok is anticipating an increase in misinformation during the election period. The platform will label EU election-related videos and direct users to their country's in-app election center for trusted and authoritative information.
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PIB Fact Check exposes fake India Post SMS scam: How to stay safe online
Livemint
·
1y ago
Medial
In a recent alert, PIB Fact Check has exposed a fraudulent SMS falsely claiming to be from India Post. The misleading message urges recipients to update their address details within a limited timeframe to prevent the return of a supposed package. PIB Fact Check has confirmed that these messages are fabricated and designed to deceive individuals. India Post does not initiate communication via SMS for address updates. The public is advised to exercise caution, avoid clicking on suspicious links, and report any fraudulent SMS to relevant authorities.
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Online deceits and AI are making the truth a casualty of war
Economic Times
·
1y ago
Medial
Major social media platforms are facing an authenticity crisis as false and misleading information, sometimes intentionally spread, overshadows real-world events, particularly in times of conflict. The proliferation of inaccurate claims is causing people to question the veracity of all information, deepening societal divisions. This issue is not confined to a single platform; various social networks have struggled to manage disinformation. The consequences of this crisis include heightened political polarization and skepticism about traditional news outlets, leading to increased reliance on alternative news sources and making it harder to discern fact from fiction.
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In big election year, AI's architects move against its misuse
Economic Times
·
1y ago
Medial
Tech companies that specialize in artificial intelligence (AI) are taking steps to prevent the misuse of AI in major elections around the world. OpenAI is working on preventing abuse of its chatbot tools in elections, while Google and Meta (Facebook and Instagram) are implementing limits on their AI chatbots' responses to election-related prompts. Additionally, 20 tech companies, including Adobe, Amazon, and Microsoft, have signed a voluntary pledge to prevent deceptive AI content from disrupting voting in 2024. These efforts come amidst concerns about the potential for AI-generated content to blur fact and fiction in political campaigns.
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India produced 109 offshore unicorns, more than any other nation: Hurun
Inshorts
·
1y ago
Medial
Founders from India produced more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared with 67 in India, as per a Hurun report. This is one of the reasons behind the slowdown in India's startup ecosystem, Hurun India Founder Anas Rahman Junaid said. Most of the unicorns founded outside of India were in the US.
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As many as 12 Indian startups shut down in 2024
Inshorts
·
7m ago
Medial
The year 2024 has been a mixed bag for India's startup ecosystem. While the number of startup IPOs, unicorns, the aftershocks of the funding winter have persisted throughout the year. Continuing the trend of startup closures witnessed in 2023, as many as 12 funded startups have already shut shop in 2024, despite raising millions in funding and securing other resources.
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Unicorn Dry Spell: Decrypting The Current State Of India’s Billion-Dollar Startups
Inc42
·
1y ago
Medial
83% of Indian unicorns that are headquartered outside India are from the enterprise tech sector. Overall, 18% of Indian unicorns are headquartered outside India, with the US being their most preferred destination. Read this article to knowmmore-
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Maharashtra and Delhi produce highest number of unicorn founders
Entrackr
·
1y ago
Medial
India ranks third globally in the number of startup unicorns, with over 110 unicorns to date. The majority of these unicorns have emerged in the past three years, reflecting the sector's recent growth. The report highlights the birthplaces and hometowns of unicorn founders, with Maharashtra leading in producing the most founders, followed by Delhi. The data also reveals that a significant number of founders come from prestigious institutions such as the IITs and IIMs. However, there is a need for greater diversity in terms of gender and institute representation.
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