GPAI Summit 2023 | India will launch AI mission to boost agri, healthcare: PM

“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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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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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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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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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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