_<->1708724263995_9Y10OskXA8FdggLg.jpeg?w=96&q=75)
Sarah J
@sarah
·
4 days
Indian Angel Tax removed in this year's budget
In a significant win for India's startup ecosystem, the federal government has abolished the controversial "angel tax" for all classes of investors. This tax, introduced in 2012 to curb money laundering, taxed investments in startups if valuations exceeded what tax officials deemed fair market value. This often clashed with investor...
0
_<->1708520606591_FjcGW9lvQm3bYRYD.jpeg?w=96&q=75)
Team S
@team
·
6 days
An interesting summary of M&A and FDI opportunities in India.
- India is attracting significant foreign direct investment (FDI) and mergers and acquisitions (M&A) due to its economic growth and strategic position.
- The government aims to obtain around $100 billion in annual foreign investment.
Key Sectors for Investment
- AI and Emerging Technologies
- Renewable Energy and Sustainability
0
Sarah J
@sarah
·
6 days
The development of Ariane 6 represents a €4 billion investment in Europe's space future. This rocket is crucial for maintaining Europe's independent access to space, especially in light of recent geopolitical challenges that disrupted access to Russian Soyuz rockets. The successful inaugural flight demonstrated Ariane 6's capabilities, including placing multiple satellites into o...
0
Team S
@team
·
8 days
HSBC’s announcement of Google backing will encourage greater impact against climate change through investment in climate technology and innovation
0
Team S
@team
·
8 days
C-store specialist the Co-op has entered into a technology partnership with US retail giant Walmart, implementing its Store Assist online fulfilment technology.
https://www.retail-week.com/grocery/co-op-and-walmart-launch-technology-...
0
Team S
@team
·
8 days
Sales software and sales leaders seem to be in a love-hate relationship. It’s a story in which software loves sales leaders, but sales leaders hate their software.
0
Team S
@team
·
8 days
Code management and workflow vendor GitLab is contemplating a sale according to reports, with Datadog pitched as a likely buyer.
0
Team S
@team
·
8 days
India ranked second in paid net additions and third in percentage revenue growth, according to the company’s second-quarter filing.
0
Sarah J
@sarah
·
10 days
Nokia emphasizes the need for Europe to regain its innovative edge by mastering AI, cloud computing, and network technologies. Despite its historical significance in innovation, Europe lags behind the U.S. and China in these areas, threatening its economic and strategic autonomy. Key strategies include improving digital infrastructure, accelerating spectrum allocation, supporting telecom operators, and enhancing public-private collaborations. Nokia advocates for policy change...
0
Sarah J
@sarah
·
10 days
As AI technology advances rapidly, it brings significant benefits and risks. The lack of oversight allows private companies to deploy powerful AI systems without sufficient safety checks. Learning from the FDA's history, the article suggests that a dedicated regulatory body for AI could ensure the technology's safe and ethical use, promoting public trust and mitigating risks such as disinformation, bias, and cyberattacks.
0
Sarah J
@sarah
·
10 days
India is predicted to grow 7% and China is predicted to grow at 5% and the rest of the global growth being more thawed
0
Sarah J
@sarah
·
12 days
Apple Inc.’s annual sales in India hit a record of almost $8 billion, underscoring a rapidly growing market where the iPhone maker now assembles more of its devices and operates two flagship stores.
0
Praveen Paranjothi
@praveen
·
15 days
The potential acquisition of HubSpot by Alphabet (Google's parent company) has collapsed. Initial discussions suggested a significant deal that would have seen Alphabet acquiring HubSpot for around $33 billion, which would have been Alphabet's largest acquisition to date. However, despite ongoing rumors and some progression in talks, the deal ultimately fell through.
The news had previously driven up HubSpot's share price and sparked significant interest due ...
0
1
Praveen Paranjothi
@praveen
·
16 days
It was fantastic session with SEINET members today.
Special thanks to Misha and Shaun on the presentation on driving "Towards a zero carbon future" - Bharat Ren Systems, India
It was lovely to have an eclectic mix of industry, product and scaleup leaders join from diverse industries including Generative AI, Energy, Advanced Computing, Security Tech, Cloud, Fintech and Academia.
#SEINETtogrow
0
3
Team S
@team
·
17 days
Liran Belenzon proposes longer founder vesting periods and constant revesting to better align founders’ incentives with the long-term success of their companies. Extending the vesting period to around ten years and implementing revesting after major funding rounds ensures that founders remain committed and avoid leaving prematurely with large equity stakes. This strategy promotes stability and sustained growth within the company by keeping founders focused and invested in the...
0
Team S
@team
·
17 days
Ola has made a big move by completely dropping Google Maps and Microsoft Azure. Instead, they are now using their own in-house developed Ola Maps. This change is saving the company a massive rS 100 crore each year. Ola’s CEO, Bhavish Aggarwal, announced on Twitter that the company used to spend Rs 100 crore annually on Google Maps.
0
Sarah J
@sarah
·
19 days
Indian Institutes Develop Ship Trajectory Prediction Tool for Maritime Safety
The Indian Register of Shipping (IRS) and the Indian Institute of Technology Bombay (IIT Bombay) have partnered to create a ship trajectory prediction tool. This tool will enhance maritime safety by predicting the trajectories of disabled ships and floating objects, aiding in quick response and rerouting nearby vessels. The collaboration aims to integrate this tool into existing IRS Emergency ...
0
Sarah J
@sarah
·
19 days
Intelligent Technology Key to Overcoming Power Distribution Challenges, Say WEC 2024 Panelists
At the 26th World Energy Congress, experts highlighted the critical role of intelligent technology in addressing power distribution issues. Huawei's Intelligent Distribution Solution (IDS) was showcased for its potential to enhance grid resilience and efficiency. Leveraging AI, IoT, and cloud computing, IDS aims to reduce energy losses, improve reliability, and facilitate rene...
0
Sarah J
@sarah
·
19 days
Aramco Digital and World Wide Technology have announced a partnership aimed at revolutionizing Saudi Arabia's AI infrastructure. This collaboration will focus on establishing the country's first Open Radio Access Network (O-RAN) development center. The center is set to enhance the nation's telecommunication framework by fostering innovation and supporting the deployment of advanced AI and 5G technologies. This initiative aligns with Saudi Arabia's Vision 2030, aiming to drive...
0
Sarah J
@sarah
·
21 days
Excellent Leadership opening in Algiers, Algeria.
#Job
Pinegray Executive Placements is recruiting for a MNC client a General Manager leadership role
- General Manager Operations
- French and English required, Arabic preferred
- 10-16 years experience
- Algiers, Algeria location (relocation provided)
0
Sarah J
@sarah
·
21 days
French ChatGPT
French billionaire Xavier Niel has introduced a new voice assistant with a distinctive French accent, challenging popular AI models like ChatGPT. This innovation is part of his broader strategy to enhance AI development in Europe. The voice assistant aims to provide a more localized and culturally relevant user experience, setting it apart from competitors. This initiative highlights Niel's commitment to fostering technological advancement and competitio...
0
Sarah J
@sarah
·
22 days
A British startup called Nyobolt has developed a new electric vehicle (EV) battery that can charge from 10% to 80% in just over four and a half minutes using a 350kW DC ultra-rapid charger. Nyobolt's battery technology uses advanced materials for the anodes, which allow for faster electron transfer, significantly reducing charging times. However, widespread adoption of this technology will require an expansion of the infrastructure for ultra-rapid chargers
0
Sarah J
@sarah
·
22 days
Notion's Chief Technology Officer (CTO), Fuzzy Khosrowshahi, discussed the company's future and his vision for its development in a recent interview. Khosrowshahi, known for his work on Google Sheets and his tenure at Slack, joined Notion because of its innovative approach to integrating organization, documentation, and project management into a single platform. He highlighted the unique appeal of Notion's databases and block structure, which combine various productivity tool...
0
Sarah J
@sarah
·
22 days
Bitcoin is experiencing a phase of maturation as it gains acceptance among traditional financial players. Institutional investors, including pension funds and large hedge funds, are increasingly investing in Bitcoin. The cryptocurrency's growth is bolstered by the launch of Bitcoin ETFs (Exchange-Traded Funds), which offer a regulated and accessible way for traditional investors to engage with Bitcoin. This marks a significant shift from Bitcoin's earlier years, showcasing it...
0
Sarah J
@sarah
·
22 days
Samsung has introduced a new 61.44TB SSD, the BM1743, aimed at data center applications, offering high capacity and performance with PCIe 4.0/5.0 x4 interfaces. It features 7th Generation V-NAND (3D NAND) QLC memory, with read speeds up to 7,200 MB/s and write speeds up to 2,000 MB/s. Samsung also plans to develop a 122.88TB version using the same technology. These SSDs target read-intensive tasks like AI inference and content delivery. Currently, only a few competitors, such...
0
Sarah J
@sarah
·
22 days
Cloudflare has launched a new tool aimed at combating AI bots. This tool is designed to help website owners manage and mitigate unwanted automated traffic, particularly from AI bots. The tool offers several features, including the ability to block specific categories of bots, such as AI crawlers, while still allowing legitimate bots like search engine crawlers to access the site.
The tool leverages Cloudflare's machine learning capabilities to accurately detect and bloc...
0
Sarah J
@sarah
·
22 days
The UK tech industry is optimistic about the incoming Labour government's plans for growth. Labour, led by Keir Starmer, won the 2024 general election, securing 411 seats. Tech leaders welcome Labour's focus on increasing investment, infrastructure, and reducing visa costs to support the sector. Climate tech and AI policies are seen as positive steps, though there's a call for practical support over flashy initiatives. The industry anticipates collaboration with Labour to dri...
0
Sarah J
@sarah
·
22 days
Germany Lagging in AI Race, Says KfW Bank
Germany is significantly trailing in the global AI competition, with KfW Bank highlighting the country's difficulty in transitioning from research to practical applications. This lag is compounded by the migration of skilled professionals to leading AI hubs and restrictive EU data regulations.
The U.S. and China are leading the charge, owning over half of global AI patents and setting a brisk pace in ...
0
Praveen Paranjothi
@praveen
·
23 days
Google’s goal of reducing its climate footprint is in jeopardy as it relies on more and more energy-hungry data centres to power its new artificial intelligence products. The tech giant revealed Tuesday that its greenhouse gas emissions have c...
0
Team S
@team
·
24 days
British startup may have found the answer to one of the frustrations of driving an electric car — waiting around for the battery to charge.
Nybolt, based in Cambridge, has developed a new 35kWh lithium-ion battery that was charged from 10% to 80% in just over four and a half minutes in its first live demonstration last week.
0
1