AI compute mission best served by marketplace model, say experts

This comes just weeks after the union cabinet approved a Rs 10,371.92-crore India AI Mission. This mission looks to build and strengthen AI computing infrastructure in India of at least 10,000 graphics processing unit (GPUs) through public-private partnerships in five years.

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AI SaaS cloud platform Neysa bags $20 million from Matrix Partners India, others

Neysa, a Mumbai-based artificial intelligence (AI) cloud and platform-as-a-service startup, will utilise the fresh capital for expanding infrastructure required for strengthening its research and development team, and for sales and marketing.

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Mutual funds, foreign portfolio investors increase stake in Paytm

Mutual funds expanded their shareholding in the March quarter to 6.15% from 4.9% in December 2023. Mirae Mutual Fund and Nippon India Mutual Fund have acquired more shares in Paytm in these three months.

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US court allows Google speaker imports in Sonos patent fight

The U.S. Court of Appeals for the Federal Circuit upheld a U.S. trade tribunal's decision that Google's redesigns of products, including Google Home speakers, Pixel phones and Nest Hub smart displays, were sufficient to avoid infringing Sonos' multi-room wireless audio patents.

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ONDC’s one-year journey touching the 50-million transactions mark

Government-backed ONDC facilitated 49.79M transactions. Namma Yatri dominates mobility orders. Top brands onboarded: Wow Momo, McDonalds, Domino's Pizza. Network growth includes sellers, participants, categories, and expanding city reach.

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Illegal betting sites start new innings as IPL action picks up

Illegal sports betting sites like Parimatch, Betway, and 1XBet target IPL fans with discounts. E-Gaming Federation seeks government ban due to tax pilferage and national security risks. Fraudulent sites expose users to financial fraud.

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Filter Capital hits final close of Rs 800 crore maiden fund to back growth-stage tech firms

Filter Capital closed its Rs 800 crore first fund, targeting Series B and C rounds in growth-stage companies. The Mumbai-based firm focuses on software services-linked businesses and plans to deploy capital for five years.

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X challenges Brazil's 'forced' order to block certain accounts

X Corp, previously Twitter, blocked Brazil accounts under court orders, risking revenue loss. Musk vows to challenge. Orders relate to free speech crackdowns.

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Prompt in progress: GenAI text-to-code tools boost productivity

Gen AI text-to-code tools hold promise of up to a 50% gain in productivity. Top IT firms are also embracing them for efficiency. But as Himanshi Lohchab and Beena Parmar find, the road to large-scale adoption is still dotted with caution.

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Chuck Schumer says US Senate can make progress on TikTok bill

The Senate is returning to work next week after a two-week recess. The U.S. House of Representatives voted 352-65 on March 13 to give TikTok's Chinese owner, ByteDance, about six months to divest the U.S. assets of the short-video app, or face a ban.

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Meta to start labeling AI-generated content in May

Facebook and Instagram giant Meta on Friday said it will begin labeling AI-generated media beginning in May, as it tries to reassure users and governments over the risks of deepfakes. - Biden deepfakes - Meta said its rollout will occur in two phases with AI-generated content labeling beginning in May 2024, while the removal of manipulated media solely based on the old policy will cease in July.

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