India’s aim is to become world’s largest startup destination: Piyush Goyal

India aspires to become the world’s largest startup ecosystem, Commerce and Industry Minister Piyush Goyal said. Addressing a session on “Gateway to Growth – Roundtable on Indian Startup Ecosystem” in Abu Dhabi, he said: “Today we are the third largest startup ecosystem, but our aspiration is to be the world’s number one startup destination,” as per an official statement. “The startup bug has caught India’s imagination. The entire innovation ecosystem that the startup industry represents is giving a new direction, new momentum to India,” he said, as per the Commerce…

CollegeDekho buys coding platform PrepBytes

CollegeDekho, a student enrollment platform, has acquired coding platform PrepBytes in a cash and equity deal. The acquisition is expected to boost the online platform CollegeDekho Learn, which helps students understand computer programming, business, finance, and digital marketing. “PrepBytes adds a vocational component to our Learn business, which is already thriving. This will also be our first attempt at offering placement services to our pupils.” CollegeDekho co-founder and CEO Ruchir Arora stated. CollegeDekho Learn and PrepBytes have a combined user base of more than 155,000 people who have attended more…

Artificial Intelligence Could Be Used for Early Resolution of Matters: NCLT President

New age technology like as Artificial Intelligence (AI) could be employed for early resolution of situations, including insolvency proceedings According to National Company Law Tribunal President Justice Ramalingam Sudhakar, According to a statement released by NCLT, Justice Sudhakar noted that AI can be employed in case of resolution, particularly in the admission of cases, while speaking at a national-level colloquium of the NCLT. “One aspect for early resolution is the development of Artificial Intelligence technology, he said.We are focusing on leveraging artificial intelligence and standardisation of processes. This will help…

WhatsApp may soon let iPhone users send up to 2GB files

WhatsApp may be the most convenient way to communicate, but it is not the best app for sending large files to friends. You can either use cloud storage tools to deliver the files or simply Telegram them. WhatsApp may be able to resolve this issue in the near future. WhatsApp is exploring the ability to deliver files up to 2GB in size, according to WABetaInfo, something Telegram has been doing for a while. But there’s a catch: this modest experiment is exclusively open to iPhone owners. The most recent WhatsApp…

Temasek said to join Mohalla Tech funding round at $5-bn valuation

India’s Mohalla Tech Pvt., the company behind social media platform ShareChat and short-video app Moj, is looking to attract more funding at a valuation of $5 billion. The Bangalore-based startup is in early talks for the series H round with Singapore state investor Temasek Holdings Pte and Indian digital media group Times Internet Ltd., according to people who asked not to be identified because the information is confidential. According to the sources, the company might raise at least $200 million. Google, owned by Alphabet Inc., is also considering joining in…

Chalo acquires shared mobility startup Vogo in a share-swap deal

Chalo, a mobile app that allows users to track buses between cities and book bus tickets online, has announced the acquisition of Vogo, a two-wheeler shared mobility startup. According to a source familiar with the situation, the arrangement is a stock swap between the two companies and does not include any cash payments from Chalo to Vogo. Vogo will expand its bus technology services by providing first- and last-mile trips at major bus stations and other public locations, according to Chalo. In a statement, Chalo stated, “This would enable crores…

Artificial neurons go quantum with photonic circuits

At the heart of all artificial intelligence applications are mathematical models called neural networks. The biological structure of the human brain, which is made up of interconnected nodes, inspired these models. Neural networks can be mathematically trained by tuning their internal structure until they are capable of human-level tasks, such as recognising our faces, interpreting medical images for diagnosis, and even driving our cars, much like our brain learns by constantly rearranging the connections between neurons. Having integrated devices capable of swiftly and efficiently completing the computations necessary in neural networks has thus become a major academic and corporate research priority. The development of the memristor in 2008 was one of the key game changers in the area. The memory-resistor, or memristor, is a device that adjusts its resistance based on a memory of a previous current. Scientists noticed very away that the unique behaviour of memristors was remarkably comparable to that of neural synapses (among many other applications). As a result, the memristor has become a crucial component in neuromorphic designs. Prof. Philip…

SaaS startup Postman invests Rs 2 crore for API lab at BITS Pilani

Postman, a software as a service (SaaS) company, announced on Monday that it will invest Rs 2 crore to create an API Lab at the Birla Institute of Technology and Science, Pilani (BITS Pilani) to encourage API literacy among students and prospective developers. The API Lab at BITS Pilani, which is set to debut in December 2022, will foster interest in APIs and give a venue for students to develop new skills by brainstorming, developing, and experimenting with new ideas, according to the business. As part of Postman’s Student Programme,…

Integration Wizards acquisition to help expand into new markets, says SparkCognition

SparkCognition, a Silicon Valley unicorn, announced on Sunday that it had acquired Bengaluru-based visual AI firm Integration Wizards, allowing it to grow into new areas such as retail, mining, and construction. Integration Wizards will also help SparkCognition expand further into established areas such as energy, industry, and government, according to the company. Last Monday, AI firm SparkCognition announced the signing of a “definitive deal” to purchase Integration Wizards. SparkCognition’s basic AI capabilities, notably visual AI, will be enhanced by Integration Wizards. According to SparkCognition CTO Sridhar Sudarshan, this expands the…

GAISA 2022: An event supported by Meity to address the prominence of AI

The All India Council for robotics and automation, a non-profit organization working for the development and adoption of artificial intelligence on a global scale has announced the return of its prestigious event Global artificial intelligence summit and awards (GAISA). The summit supported by the ministry of electronics and information technology will take place 14th and 15th of September 2022 at Vigyan Bhawan, New Delhi. The GAISA event is devoted to addressing the prominence of artificial intelligence and related technologies in different sectors such as Healthcare, agriculture, education, smart city, mobility,…