How ready are Indian businesses for the AI era?

​​​Overall, according to to the Cisco AI Readiness Index 2023, only 26% of organisations in India are fully prepared to deploy and leverage AI – but this is higher than the global average of 14%. 42% are moderately prepared, 31% have limited preparedness, while 1% are unprepared.

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PayU eyes B2B pay, credit play under new top brass

From being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups such as Paytm and Razorpay, to a failed attempt to acquire Billdesk and facing a merchant acquisition embargo from the Reserve Bank of India, PayU has had a chequered history in India.

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Airbnb acquires AI startup GamePlanner

GamePlanner.AI was cofounded by Adam Cheyer, who was also one of the founders of Apple's voice assistant Siri.

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Social media firms must face lawsuits over harm to children: US judge

US district judge Yvonne Gonzalez Rogers in Oakland, California ruled against Alphabet, which operates Google and YouTube; Meta Platforms, which operates Facebook; ByteDance, which operates TikTok; and Snap, which operates Snapchat.

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ETtech in-depth | Lacking bite and funding, online meat ecosystem returns to the drawing board

The potential from low online penetration and lack of organisation has seen marquee investors such as Temasek, Prosus, Tiger Global, 3one4 Capital and Amazon pour in over $1 billion in funding into the online meat sector, as per Tracxn.

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SaaS company Whatfix dragged to court by rival WalkMe

WalkMe has alleged that Whatfix, which is backed by SoftBank Vision Fund and Peak XV Partners (earlier Sequoia Capital India), gained unauthorised access to its systems, sought to interfere with its customer relationships, made misleading advertising claims about its products and used its design mark without permission

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China's Singles Day sales festival wraps up with ecommerce giants reporting sales growth

​​Originally a 24-hour online shopping event held on Nov. 11 each year in China, the 'Singles Day' festival - a nod to the digits in the date - has expanded into weeks of promotions across the country's major e-commerce platforms and in brick-and-mortar stores.

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