20 results found
NPCI's impending 30% market share cap for third-party UPI apps is set to drastically reshape India's digital payments landscape, challenging the dominance of PhonePe and Google Pay and fostering a more competitive and diversified ecosystem by November 2024.
Peak XV Partners, a leading venture capital firm, has divested a significant portion of its stake in Indian fintech unicorn Groww, selling shares worth ₹1,756 crore. This move reduces their holding to approximately 14.2%, signaling a maturing market for India's rapidly growing financial technology s
India's AI talent landscape is evolving, moving beyond the mere creation of AI models to a critical demand for deployment expertise and 'AI accountability'. The new challenge isn't a shortage of AI engineers, but a scarcity of professionals skilled in operationalizing AI ethically and effectively.
Amidst rising global concerns over AI safety and ethics, Microsoft has pledged a 'humanist AI' approach, emphasizing that human values must always supersede artificial intelligence capabilities. This commitment underscores a pivotal shift towards responsible AI development, with significant implicat
Indian fintech Moneyview (Finnovation Tech Solutions) has slashed its IPO fresh issue size by 50% to ₹750 Cr after receiving SEBI approval, reflecting a more cautious approach amidst evolving market dynamics for tech startups.
Enterprise AI investment in India has skyrocketed by 119%, signaling a robust adoption wave. However, this rapid growth is outpacing the development of crucial AI governance frameworks, raising concerns about ethical deployment and risk management in the country's burgeoning AI landscape.
Anthropic has unveiled a new 'tool use' framework, enabling its AI models like Claude to interact with and control physical machines. This development shifts AI beyond mere conversation, opening doors for advanced automation and real-world task execution, particularly impactful for India's industria
Sandhya Devanathan, who led Meta's India and Southeast Asia operations, has departed the social media giant to take on a leadership role at OpenAI. This significant talent migration occurs as Meta faces increasing regulatory and content moderation scrutiny in India, signaling a broader shift towards
The proliferation of AI writing detectors is sparking widespread suspicion, with inaccurate tools leading to false accusations and a 'guilty until proven innocent' culture, especially impacting academic integrity and trust in digital content globally and in India.
The United States is intensifying its push for allies to align with its strategy in the global AI supremacy race against China, a move that could force nations like India to make critical choices impacting future technology partnerships, supply chains, and its own burgeoning AI ecosystem.
Google's Articulate Medical Intelligence Explorer (AMIE), a research multimodal AI system, has demonstrated real-time clinical video consultations. This advancement showcases potential for enhanced diagnostic accuracy and empathetic patient interactions, offering significant implications for India's
India's UPI is targeting global expansion, focusing on the Indian diaspora, and exploring cutting-edge agentic AI integration with large language models like ChatGPT and Gemini to enable revolutionary conversational payment experiences.
India's tech landscape is abuzz with significant developments, from Delhivery's strong Q1 results hinting at improved unit economics to Ola Electric's rebound, fueling anticipation for its potential IPO. These movements, alongside a growing list of startups eyeing public markets, underscore a maturi
Red Hat has launched 'asago', a new open-source project designed to automate AI governance throughout the machine learning lifecycle. This initiative aims to streamline compliance, explainability, and responsible AI practices, offering a crucial tool for Indian enterprises and startups navigating th
Healthcare AI startup Bunkerhill Health, founded by an Indian-origin entrepreneur, has successfully raised $25 million to further its mission of transforming medical diagnostics and patient care through artificial intelligence.
HCLTech has launched a new global technology center in GIFT City, Gujarat, dedicated to developing AI-led solutions for the financial services sector. This strategic move aims to accelerate innovation in fintech, leveraging India's burgeoning talent and the special economic zone's unique advantages.
India's Ministry of Electronics & Information Technology (MeitY) is actively evaluating over 760 AI application proposals from various ministries, signaling a significant push towards integrating AI in public services and establishing a robust regulatory framework for responsible AI use across the n
Recent incidents of Electric Vehicles being remotely disabled by manufacturers or financers in India highlight a critical, broader security vulnerability across the nation's burgeoning connected device ecosystem, from smart homes to critical infrastructure. This exposes a significant gap in data pri
Bengaluru-based SuperLiving has successfully raised $7 million in a Series A funding round, led by Lightspeed. This significant investment will enable the healthtech startup to expand its AI-powered preventive healthcare platform, focusing on combating non-communicable diseases across India.
India has strategically joined a US-led initiative with 34 nations to build resilient AI supply chains, concurrently emphasizing its critical demand for assurances against abrupt technology cutoffs. This move solidifies India's commitment to securing its future in the global AI landscape and ensurin