Author: lakshmanan

In a significant development within the artificial intelligence (AI) industry, Safe Superintelligence Inc. (SSI), co-founded by OpenAI’s Ilya Sutskever, has successfully raised $1 billion in funding. The funding round underscores the increasing interest and investment in AI safety, as SSI focuses on developing advanced AI systems with a key priority on ensuring safety and ethical considerations.SSI’s Vision for Safe AI DevelopmentSafe Superintelligence Inc. (SSI) is the brainchild of Ilya Sutskever, a pioneering figure in AI and a co-founder of OpenAI. Sutskever has long been an advocate of creating AI systems that not only push the boundaries of intelligence but do…

In a strategic move to bolster its global eCommerce footprint, GoKwik, a leader in eCommerce enablement solutions, has acquired the Shopify app Return Prime. This acquisition marks GoKwik’s first international foray, signaling its ambitions to offer enhanced eCommerce solutions to merchants worldwide.GoKwik’s Expansion StrategyFounded in 2020, GoKwik has established itself as a key player in optimizing the checkout experience, improving conversions, and reducing return rates for eCommerce businesses in India. By acquiring Return Prime, GoKwik aims to broaden its services beyond domestic borders and position itself as a prominent cross-border eCommerce enabler.The Shopify app Return Prime is known for simplifying…

In a major boost to the UK’s digital economy, Amazon Web Services (AWS) has announced plans to invest £8 billion in expanding its data centres across the country. This substantial investment aims to strengthen AWS’s cloud computing infrastructure, enhance its artificial intelligence (AI) capabilities, and create thousands of new jobs. The move reinforces AWS’s commitment to supporting the UK’s growing digital ecosystem and underscores the country’s strategic importance in the global tech landscape.Expanding Cloud Infrastructure in the UKAWS’s £8 billion investment will be directed towards expanding and upgrading its data centres in the UK, which form the backbone of the…

In a collaborative move to drive AI innovation, Yotta, in partnership with NASSCOM and the Telangana AI Mission (T-AIM), has launched the Shambho Accelerator Program. This program is designed to nurture and accelerate the growth of Indian AI startups, offering them essential resources, mentorship, and access to funding opportunities.About the Shambho Accelerator ProgramThe Shambho Accelerator Program aims to support early-stage AI startups in India by providing them with the tools and ecosystem they need to thrive in a competitive global market. Selected startups will receive access to world-class infrastructure, mentorship from industry experts, and collaboration opportunities with industry giants.With a…

Slikk, a GenZ-focused fashion delivery startup, has secured $300,000 in a pre-seed funding round. The startup, known for its rapid 60-minute clothes delivery service, plans to use the funds to expand its operations and enhance its tech infrastructure. The funding round was led by Better Capital, with participation from several angel investors, marking a significant milestone in Slikk’s mission to redefine fast fashion for the GenZ demographic.Slikk’s Unique Fashion Delivery ModelLaunched to cater to the growing demand for fast fashion among the younger generation, Slikk offers a unique selling proposition: delivering clothes within 60 minutes of order placement. With fashion…

In a groundbreaking achievement, Pixxel, an Indian spacetech startup, has become the first Indian company to secure a contract with NASA. This collaboration will see Pixxel providing its advanced hyperspectral Earth observation data to aid NASA’s Earth science research, positioning the startup as a key player in the global spacetech landscape.Pixxel’s Role in NASA’s Earth Science ProgramPixxel was selected alongside seven other companies for a $7.46 million contract, focusing on hyperspectral technology for Earth observation. Hyperspectral imaging, which captures a wide spectrum of light beyond what the human eye can see, allows scientists to study Earth in unprecedented detail. From…

In a world where e-commerce giants dominate the landscape, Akanksha Hazari is quietly making waves by empowering local kiranas (mom-and-pop stores) through her innovative startup, LoveLocal. Dubbed the offspring of e-commerce and Instagram, LoveLocal seamlessly blends the best of both worlds to create a platform that allows small local shops to thrive in the digital space. The startup is focused on giving kiranas a fighting chance in the competitive retail environment, helping them go digital while retaining their community essence.The Vision Behind LoveLocalFounded by Akanksha Hazari, LoveLocal aims to uplift local retailers by providing them with the tools they need…

Infosys, a titan of the Indian IT industry, has made a significant move to expand its presence in Coimbatore by acquiring six floors in the newly inaugurated SVB Tech Park. This strategic acquisition underscores Coimbatore’s rising prominence as a key IT hub in Tamil Nadu and sets the stage for the city’s technological growth.SVB Tech Park: The Epicenter of Coimbatore’s IT EcosystemSituated in the bustling Kalapatti area of Coimbatore, SVB Tech Park is a sprawling 240,000 square feet complex that has quickly become the focal point of the city’s IT activities since its inauguration in 2023. Owned by the renowned…

In a remarkable display of his unwavering commitment to continuous learning, veteran actor Kamal Haasan has embarked on a transformative journey to the United States to study Artificial Intelligence (AI). At the age of 69, the acclaimed Indian actor is set to pursue a 90-day AI course at a leading institution, reaffirming his position as a trailblazer in both the entertainment industry and the world of technology.Pursuing Knowledge Beyond CinemaKamal Haasan’s decision to delve into the world of AI has taken many by surprise, given his multifaceted talents as an actor, filmmaker, and politician. However, this bold move reflects his…

You.com, an AI-driven search and productivity startup, has raised $50 million in its latest funding round, gaining support from prominent names like NVIDIA and DuckDuckGo. This investment marks a pivotal moment for the startup, as it shifts its focus from AI-powered search to developing more sophisticated productivity agents. With this fresh injection of capital, You.com is poised to compete in the growing AI-driven productivity sector, offering new solutions that harness the power of artificial intelligence.Key Backers: NVIDIA and DuckDuckGoAmong the investors, NVIDIA and DuckDuckGo stand out as notable contributors. NVIDIA, the leader in AI hardware and software solutions, brings considerable…