“The aim of this mission will be to establish sufficient AI compute power in the country. This will help India’s innovators and startups get better facilities. Under this mission, AI applications in agriculture, healthcare and education-related sectors will be promoted,” Modi said at the inaugural session of the Global Partnership on Artificial Intelligence (GPAI) Summit 2023.
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Ayurveda-focused B2C startup Nat Habit raises $10 million led by Bertelsmann
The company has previously raised about $7 million in total. From the current funding, about $2 million will be used for early-stage investor exits, in about 5X returns in four years. Its other past investors include Peak XV Partners, formerly Sequoia India and Southeast Asia.
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from Tech-Economic Times https://ift.tt/es3QH68
Zomato sees an opportunity in catering business
The company is also looking to add more offerings to its loyalty programme, Gold, despite concerns about the potential impact on profitability, Rakesh Ranjan, chief executive for food delivery, said in an interview.
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US judge to hear Meta privacy dispute with FTC next month
The agency proposed tightening a 2019 consent agreement, that had forced Facebook, which became Meta in 2021, to pay a $5 billion penalty.
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from Tech-Economic Times https://ift.tt/6R3xlhw
Threads countdown teases app's potential EU launch
Meta-owned Instagram launched Threads in the United States and elsewhere in July but EU users cannot access the platform because the company was wary of Brussels' regulatory oversight before any roll-out.
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from Tech-Economic Times https://ift.tt/VtaneJQ
Dunzo survival hinges on Reliance Retail commitment to funds
An impasse after several rounds of discussions has left Dunzo’s other investors increasingly sceptical of its chances of survival in the absence of fresh funding soon, said multiple people briefed on the situation.
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from Tech-Economic Times https://ift.tt/KA6fenh
Amazon competitor Zulily curtails operations, lays off hundreds
Zulily will lay off 292 workers in Seattle and elsewhere in Washington, effective from February 7, according to a notification from the state Employment Security Department, reports Seattle Times.
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