Edtech startup Adda247 buys placement preparation platform PrepInsta

With this buyout, the startup has acquired four companies so far, the others being StudyIQ, a UPSC preparation platform in 2021; Veeksha, an augmented reality/virtual reality learning modules platform in 2023; and Ekagrata Eduserv, a chartered accountancy (CA) test preparation firm in July this year.

from Tech-Economic Times https://ift.tt/oQhBJd5

ESTA 2024: ClaimBuddy wins by easing insurance claims pain for all

ClaimBuddy won this year’s Best on Campus category at The Economic Times Startup Awards, for aiming to solve the major issue of making the health insurance claim process more transparent and efficient. “ClaimBuddy is a commitment to ensure that patients receive the care they need without the added stress of navigating complex insurance processes," said Khet Singh Rajpurohit, cofounder of the company.

from Tech-Economic Times https://ift.tt/x8nAwJj

UAE establishes global leadership in artificial intelligence, high-tech innovation

The UAE has ramped up AI and tech investments to secure a prosperous, sustainable future, forging global partnerships in line with its vision, where technology and AI are key pillars, international company leaders told Emirates News Agency (WAM).

from Tech-Economic Times https://ift.tt/lXu3URm

AI is for everyone: A path to inclusive innovation

Artificial intelligence is shaping the future of several industries. But its power must be balanced with environmental and ethical stewardship

from Tech-Economic Times https://ift.tt/4YxjzZv

Bits and Bytes: Meta unveils glasses pitched as smartphone rival and more

According to CEO Mark Zuckerberg, the bulky, black-framed prototype called ‘Orion’ is able to overlay holographic images on a wearer’s field of vision and is ultimately intended to rival the smartphone. “The right way to look at Orion is as a time machine,” Zuckerberg said.

from Tech-Economic Times https://ift.tt/znL1ygv

Small companies can now chase India's giant AI dreams

Sunil Gupta, chief executive of Yotta Data Services, which has placed a purchase order of 16,000 H100 GPUs from Nvidia and went live with 4,000 H100 GPUs a few months ago, concurred. “By lowering turnover thresholds and introducing greater flexibility in AI compute infrastructure requirements, the government has made it easier for a diverse range of players including and especially the startups in the AI services space to contribute to this mission.”

from Tech-Economic Times https://ift.tt/2OT3ZRw

Tiger Global conducts due diligence of Zepto dark stores as it eyes quick commerce

US investor Tiger Global is showing strong interest in Zepto, a quick commerce startup valued at $5 billion. The firm is conducting due diligence at Zepto's dark stores and engaging with the company for potential future funding. Zepto is also in talks for an IPO next year, aiming to capitalize on India's growing quick commerce sector.

from Tech-Economic Times https://ift.tt/tJMDbhp

Cisco opens manufacturing facility in Chennai

Cisco has partnered with Flex for building the Chennai factory to produce advanced telecom technologies. The facility will initially focus on Cisco’s Network Convergence System (NCS) 540 Series of routers, representing the first phase of the company’s multi-year investment plan.

from Tech-Economic Times https://ift.tt/NA902WH

WeWork’s Rs 1,200-crore deal collapses; ETSA Bootstrap Champ winner Boult

Happy Friday! Bankruptcy-hit coworking firm WeWork Inc.’s plan to exit the India unit via a secondary stake sale has fallen through. This and more in today’s ETtech Morning Dispatch.

from Tech-Economic Times https://ift.tt/1t8oNa4

ETSA 2024 | ‘Bootstrap Champ’ Boult is marching to beat of its own drum

Boult, a brand known for wearables and electronic devices, prioritizes profitability over market share. Founded by brothers Varun and Tarun Gupta, Boult has grown rapidly without external capital. The company plans to diversify its product range and expand its offline presence while maintaining strong financial health.

from Tech-Economic Times https://ift.tt/Br0OoCp

India can be intelligence capital of the world: Nvidia's Vishal Dhupar

Dhupar believes India is witnessing a growing adoption of accelerated computing infrastructure but needs more investments. To compete effectively in the AI race and become an AI powerhouse, India must invest heavily in building its computing capabilities, including servers, storage, and networking, he says.

from Tech-Economic Times https://ift.tt/olWuRrk