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News on Medial
Stanley looks to replicate the water-bottle hype among guys
Livemint
·
1y ago
Medial
Stanley, known for its popular vacuum-insulated water bottles, is diversifying its product range to target men. The company has enjoyed significant revenue growth, driven in part by the success of its 40-ounce Quencher, a coveted item among women and tweens. To attract a male audience, Stanley plans to introduce sleeker and subtler water bottle designs, appealing to men who value grooming and appearance. The company's marketing strategy involves leveraging social media and collaborating with influencers, with a particular focus on targeting men through the platforms they engage with most.
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Man scammed on dating app, forced to pay ₹22,000 restaurant bill in Pune
Livemint
·
1y ago
Medial
A man using the dating app Bumble was scammed into paying a restaurant bill of ₹22,000 in Pune. He shared the incident on social media, explaining that he had met his match at a bar in October. Unaware of the costs, he was surprised to find out that the hukka (water pipe) cost ₹10,000 and the wine bottle ₹15,000. His date threatened him by saying that if he didn't pay, the restaurant could damage his car. Fearing repercussions, he paid the hefty bill.
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Morgan Stanley PE, Multiples eye RG Stone stake; EDF to sell India assets
VCCircle
·
1y ago
Medial
RG Stone, an Indian chain of urology and laparoscopy hospitals, is reportedly in talks with private equity firms such as Morgan Stanley PE and Multiples for funding and to facilitate the exit of its current investors. The discussions aim to raise capital for the company, which offers specialized medical services. The move comes as RG Stone looks to expand and strengthen its presence in the market.
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Bitcoin mining used more water than New York city last year
Livemint
·
1y ago
Medial
Bitcoin-mining operations globally consume billions of gallons of water annually, with estimates projecting a footprint surpassing 591 billion gallons this year. This surpasses the water consumption of New York City residents and businesses, causing concern over environmental impacts, especially in regions with water shortages. The use of water is attributed to both cooling computer servers directly and indirectly through gas- and coal-fired power plants that require cooling water. Some efforts have been made to reduce the industry's dependence on fossil fuel-generated electricity. Changes to bitcoin's mining software may help reduce water and energy demands, but it requires consensus among stakeholders.
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How Bengaluru start-ups turn wastewater into a resource
Money Control
·
1y ago
Medial
Start-ups in Bengaluru are turning wastewater into a valuable resource. S Vishwanath of Biome has been collecting and reusing rainwater, as well as recycling greywater for horticulture and rooftop farming. Other entrepreneurs have created start-ups to address different aspects of the water chain, such as treating excess water from sewage treatment plants and selling it to bulk users like developers. The challenge lies in ensuring that lakes get enough water while also meeting the needs of commercial users. The article emphasizes the need for collaboration among different organizations to unlock the value of wastewater and create a sustainable water management system.
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Continuum Green Energy gets $150 mn from Al Gore-backed climate investor
VCCircle
·
1y ago
Medial
Indian renewable energy company, Continuum Green Energy, has raised $150 million in equity capital from UK-based climate investment firm, Just Climate. This investment will support Continuum's deployment of wind-solar hybrid generation and storage projects across India, as it looks to add another 1.3GW over the next few years. Just Climate aims to enable capital flows to the Global South, including India, as part of its climate-led investing strategy. Continuum is backed by Morgan Stanley Infrastructure Partners and is planning to go public in the near future.
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Google's DeepMind CEO says the massive funds flowing into AI bring with it loads of hype and a fair share of grifting
Business Insider
·
1y ago
Medial
Demis Hassabis, the chief of Google DeepMind, warns that the current surge in funding for AI comes with a lot of hype and potential deception. He believes that while AI is an exciting field, there is also a danger of overselling and misrepresenting its capabilities. The intense investor interest in AI, similar to previous hype around cryptocurrencies, has led to billions of dollars being invested in AI companies. Hassabis cautions that this hype can overshadow the real scientific advancements and research in the field.
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Unauthorized “David Attenborough” AI clone narrates developer’s life, goes viral
Arstechnica
·
1y ago
Medial
Replicate developer Charlie Holtz used GPT-4 Vision and ElevenLabs voice cloning technology to create an unauthorized AI version of David Attenborough. The fake Attenborough narrates Holtz's actions on camera, describing him in a wildlife documentary style. A Python script captures Holtz's webcam photos, feeds them to GPT-4V language model, and generates text in Attenborough's style which is then converted into audio using ElevenLabs AI voice profile. The demo video has gained popularity, sparking both discomfort and amusement among viewers.
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Nvidia’s AI Party Is Far From Over
Livemint
·
1y ago
Medial
Nvidia, a prominent chip maker in the artificial intelligence (AI) field, reported stronger-than-expected quarterly results and forecasts, dispelling concerns among investors about living up to the hype. The company's revenue for the data center segment, which includes AI computing accelerator chips, reached $18.4 billion, five times higher than the previous year. Despite competition from rivals, high demand for Nvidia's chips and robust earnings growth have contributed to a positive outlook. However, managing market expectations and speculation remains a challenge for the company.
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JM Financial Private Equity invests Rs 45 Cr in Clear Premium Water
Entrackr
·
1y ago
Medial
Bottled water brand Clear Premium Water has raised rs 45 crore ($5.4 million) in a new round from JM Financial Private Equity. Proceeds from the investment will support brand-building initiatives and enhance the existing capacities and distribution network of the company, Clear Premium Water said in a press release. Founded by Nayan Shah, the company is one of the notable players in the HoReCa (hotels, restaurants & cafés) segment and is gaining a footprint in the retail market in India. With a pan-India footprint, the company is strategically expanding its distribution across the nation. In December, the Ahmedabad-based company acquired 51% majority stake in Pune-based Kelzai Secrets Pvt Ltd. Kelzai offers volcanic water in PET and glass bottles. Last year, the firm also announced the launch of its natural mineral water brand NubyClear (NU) in India. This is the fifth investment from JM Financial Private Equity’s Fund III. Previously, it backed PharmEasy, BigHaat Agro and Silverpush, among others.
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FOMO may be one of the things driving the super rich to invest tens of billions in AI
Business Insider
·
1y ago
Medial
Wealthy investors are investing heavily in artificial intelligence (AI) to avoid missing out on the next big thing. Amazon has committed up to $4 billion in Anthropic, an AI rival of OpenAI. Overall, investors have poured nearly $30 billion into the AI industry in 691 deals in 2023. Venture capitalists and technology companies are among the top investors, driven by the fear of missing out (FOMO) on the AI ecosystem. While the hype around AI is real, challenges such as leadership changes and concerns about job displacement remain.
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