Insurtech startups check expenses to secure profits

Insurtech startups such as Acko and Digit have switched gears to health insurance which is a more long-term product despite starting with motor insurance, which is mandatory for vehicle owners in India, as their principal product.

from Tech-Economic Times https://ift.tt/PUf6tn9

Meta bringing together AI research and product teams

Meta CEO Mark Zuckerberg said on Thursday that the company was bringing its AI research team "closer together" with a more business-focused generative AI team launched last year, doubling down on a push to get the technology into products.

from Tech-Economic Times https://ift.tt/knivW6Z

Insurtech startup Bharatsure raises $1 million in funding round led by Capital-A

Insurtech startup Bharatsure, the parent of Healthysure, has raised $1 million in a funding round led by early-stage venture capital fund Capital-A.

from Tech-Economic Times https://ift.tt/y58q0UW

Court bars US Apple Watch imports during appeal over ban

Apple on Wednesday failed to convince a federal appeals court to allow U.S. imports of Apple Watches with technology for reading blood-oxygen levels while it challenges a government tribunal's decision that the devices infringe patents belonging to medical technology company Masimo.

from Tech-Economic Times https://ift.tt/mlQCfwJ

Elon Musk's X approved for Virginia money transmitter license

Social media platform X received approval for a money transmitter license in Virginia, the 17th U.S. state to grant approval, as the Elon Musk-owned company advances efforts toward introducing payment features.

from Tech-Economic Times https://ift.tt/pz3Eyrh

Samsung bets on Google-powered AI features in smartphone revamp

At its Unpacked conference Wednesday in San Jose, California, Samsung unveiled the Galaxy S24, S24+ and S24 Ultra phones, which all add AI tools based on the Gemini technology from Alphabet Inc.’s Google. The devices can live-translate phone calls, transcribe voice recordings, summarize web articles, fix handwriting and use generative AI to fill in parts of photos.

from Tech-Economic Times https://ift.tt/UZFdVAR

DMI Group acquires ZestMoney in a firesale

The news comes as ZestMoney had informed employees last month about its plans to shut down by the end of December.

from Tech-Economic Times https://ift.tt/WuPMX0e