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Auto makers fast-track partnerships in battery-swap market to hasten EV adoption

Automakers, energy companies, and startups have begun fast-tracking partnerships in the emerging battery-swap market in order to hasten the adoption of electric vehicles (EVs) and alleviate customers’ range anxiety. According to experts, such partnerships will enable original equipment manufacturers (OEMs) to reduce upfront acquisition costs by at least 40% to 50%, resulting in increased adoption and sales. Bounce, a Bengaluru-based startup, announced a partnership with Greaves Retail this week, making Greaves the first retailer to join the Bounce Infinity battery-swap network. “This enables more Indians to have access to affordable…

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Qualcomm Stops Selling Products to Russian Companies

Qualcomm Inc announced that it has stopped selling its products to Russian companies in order to comply with US sanctions imposed after Moscow invaded Ukraine. Nate Tibbits, the company’s senior vice president of government affairs, revealed the company’s action in a tweet in response to a comment by Ukrainian Vice Prime Minister Mykhailo Fedorov. Fedorov urged Tibbits to stop supplying Qualcomm products to Russia, claiming that they “inadvertently enable this country to kill thousands of Ukrainians.” In his reply, Tibbits said, “This is incorrect. Qualcomm has called for a peaceful…

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Meta Faces Lawsuit In Australia For Inaction Against Scam Ads

Reuters filed a lawsuit against Facebook owner Meta Platforms, alleging that the social media giant failed to prevent scammers from promoting fake ads featuring celebrities on its platform. The advertisements, which endorsed cryptocurrency or money-making schemes, may have led Facebook users to believe they were promoted by celebrities, according to the Australian Competition and Consumer Commission (ACCC). The lawsuit filed in the Federal Court also alleges Facebook “aided and abetted or was knowingly concerned in false or misleading conduct and representations by the advertisers,” the ACCC said in a statement. “The…

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Google Analytics Will Be Replaced With New Standard Tool For Website Tracking

Google Analytics is being phased out in favor of significant modifications to the online tracking standard after more than a decade in the market, . Google has stated that it will stop supporting Universal Analytics on July 1, 2023, and instead transition to a new standard known as Google Analytics 4 or GA4. Analytics has become the go-to platform for website owners who want to track their product’s growth, traffic, and other demographic data. GA4 was launched in December 2020, allowing the company and businesses sufficient time to iron out any bugs…

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FT EXCLUSIVE : Four major impacts of AI in healthcare

Artificial intelligence is on the verge of revolutionizing medical technology.  The potential for AI to deliver more accurate, efficient, and effective therapies at precisely the right time in a patient’s care is essentially endless in nearly every aspect of treatment, from chronic diseases and cancer to radiography and risk assessment. Artificial intelligence is set to be the engine pushing innovations throughout the continuum of care as the amount of available data continues to expand at an alarming rate. The advantages of AI over traditional analytics and clinical decision-making methodologies are…

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India to develop its own mobile OS like Android and iOS, says Union Minister

If you have a smartphone, it is likely that it runs on Android or iOS. In the smartphone software ecosystem, there is a duopoly between Google and Apple, which not only other firms, such as Microsoft but also governments of many nations have pushed to break. The Indian government is considering developing its own mobile operating system in order to compete with both Google and Apple. As per Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, the government intends to build an environment for the development of an alternative…

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Startup ekincare raises $15 million

ekincare, a health benefits firm, has raised $15 million in a Series B fundraising round headed by HealthQuad and Sabre Partners, with current investors Ventureast, Eight Roads Ventures, Siana Capital, and Endiya Partners also participating. ekincare is a fully customised, personalised health benefits platform that assists employers in creating a health benefits package that best satisfies the needs of their employees and their families. The business plans to use the new funding to accelerate its expansion and provide employers with a more simpler health benefits and insurance experience. Dexter Capital…

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Looppanel raises $1Mn in pre-seed round

Looppanel, a platform that enables product and design teams to quickly assess and share insights from Zoom-based user interviews, has secured $1 million in a pre-Seed round headed by Speciale Invest. First Cheque, private investors, and a Sequoia Capital India grant as part of the Sequoia Spark programme are providing further cash. The funds will be used to expand the staff at the Delhi-based firm as they add new features to their product and extend their presence in major target regions throughout the US and EU. Looppanel, founded in 2021…

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AI-driven tech startup Logically raises $24M in funding to fight against misleading online information

London-based Logically.ai, an AI-driven firm that fights harmful and misleading online material, has secured $24 million (about Rs 182 crore) in a fundraising round to expand its capabilities and accelerate expansion in its three core markets of the United States, the United Kingdom, and India. Vitruvian Partners led the latest round, which included Amazon Alexa Fund, as well as current seed investors XTX Ventures and Mercia Asset Management Plc’s Northern Powerhouse Investment Fund (NPIF). In crucial areas such as election integrity, public health, and national security, Logically said it will…

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Cloud-based SaaS startup Amagi joins unicorn club at a valuation billion-dollar valuation

Amagi, a cloud SaaS technology startup based in New York, has now become a unicorn after raising $95 million (about Rs 723 crore) in a new round of funding at a billion-dollar valuation. The new investment was led by Accel, as well as current investors Norwest Venture Partners and Avataar Ventures. Amagi, which has now collected over $280 million in funding, plans to use the funds to expand its business, both in terms of its international reach and its product offering in the present media and entertainment (M&E) industry. “This…

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