Apple faces backlash over iPad ad showing machines crushing creative tools

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Meesho closes $275 million funding in first tranche, in talks for more

Meesho secures $275M funding in a $600M round. Share transfers hinted in SEC filing. In total, Meesho has raised $1.36 billion – including secondaries – since 2015.

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GenAI production deployments on the rise in India: EY India

20% of gen AI PoCs in India were in production in FY 2024. FY 2025 expects revenue growth, AI agent bots deployment in customer service, sales, underwriting, document intelligence.

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Centre eyes dedicated R&D wing under semicon research centre

Government plans R&D wing at India Semiconductor Research Centre (ISRC) for semiconductor research with a focus on industrial production, public-private partnerships, and intellectual property rights-driven manufacturing ecosystem. The project aims for next-gen semiconductor development and involves higher education institutes like IIT Bombay and IIT Gandhinagar.

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Aditya Birla Finance, others may have invoked Paytm’s loan guarantees

Aditya Birla Finance invoked loan guarantees from Paytm due to defaults. Partnership stress with other lenders. Paytm's lending business faces challenges post central bank's ban. Changes in top management. Reduced consumer loan portfolio to less than 1%.

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Creators wielding AI reimagine creativity on a budget

Anirudh Ravichander and Yashraj Mukhate lead AI experimentation in music. Ad-film makers and marketers embrace AI for cost-effective content creation. General purpose AI tools gain traction for creative endeavors in various industries.

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India to become AI use case capital of the world: Nandan Nilekani

Nandan Nilekani's People+ai introduces 'Adbhut India' and OCC project, emphasizing frugal AI innovation in India. The initiatives aim to leverage the country's population and digital infrastructure for impactful AI solutions, fostering healthy competition.

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Unicorn sightings become rare as VCs shun that leap of faith

Investors are going back to the same list of startups they have already backed to write bigger cheques leading to new unicorn sightings becoming rare. Only Perfios and Ola founder Bhavish Aggarwal’s Krutrim AI have become unicorns so far in 2024, and the number was the same for the whole of 2023.

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Hexaware acquires Softcrylic; boosts its data and analytics capabilities

While Hexaware didn’t disclose the financials of the deal, the acquisition would boost the mid-tier IT firm’s data and analytics capabilities, said the company in a statement. Global investment bank, Canaccord Genuity, advised Softcrylic on the transaction.

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States frame laws to regulate online gaming in absence of central policy

MeitY's self-regulatory proposal for online gaming led to state laws in Tamil Nadu and Karnataka. Trai consulted on National Broadcasting Policy 2024. Challenges include defining skill-based gaming versus gambling and regulatory clarity in the online gaming industry.

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ET has the lowdown on five of the most exciting startups at ARTPARK

Strider Robotics develops agile legged robots for rough terrains. Hones quadruped robot platform. Emphasizes motor drivers, robotic joint actuator, and actuator testing. Includes pneumatic soft gripper, VayDyn, and autonomous drone platforms.

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