EMPOWERING INNOVATION

Browsing category

Business

Business

Legal-tech startup Amikus AI raises over Rs 96 lakh in a pre-Seed round

AI-powered legal-tech startup Amikus AI said it has raised over Rs 96 lakh in a Pre-Seed funding round The funds raised will be utilized to expand the product team, including employing more front-end, back-end, and machine-learning developers. AI-powered legal-tech startup Amikus AI said it has raised over Rs 96 lakh in a Pre-Seed funding round led by Inflection Point Ventures (IPV), a Gurugram-based angel investment firm. According to the startup, The funds raised will be utilized to expand the product team, including employing more front-end, back-end, and machine-learning developers. Founded…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

Ed-tech startup Vedantu fires 385 more employees, sacks over 1000 in 2022

Vedantu has reportedly laid off 385 employees. Vedantu is conducting fourth round of layoffs this year. Vedantu’s current workforce stands at slightly over 3300. The Indian ed-tech startup picture is currently facing challenges, with layoffs occurring on a regular basis. The most recent one comes from Vedantu, a well-known educational technology company. According to reports, the company has laid off 385 employees, or slightly more than 11% of its workforce, in the fourth round of layoffs this year. This brings the total number of layoffs at the ed-tech firm this…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

Telegram now lets new users sign up with anonymous number

WhatsApp and Signal require personal mobile numbers to log into the platform. Telegram says users can log in without their numbers. But they’ll need to purchase an anonymous phone number on Fragment. Telegram, WhatsApp’s rival, has announced an update that will allow new users to sign up without a SIM card. According to the company, the feature prioritises privacy, and users can log in with a blockchain-powered anonymous number available on the Fragment platform. If users are not comfortable sharing their own phone numbers, they will need to purchase an…

Share3
Tweet
Share
Pin
3 Shares
FutureTech 0

HealthKart raises $135M in a funding round led by Temasek

Health tech startup HealthKart has raised $135 million in a funding round led by Temasek, along with the participation from A91 Partners and Kae Capital. According to HealthKart, the raised capital will be used to build its direct-to-consumer (D2C) brands, increase its offline distribution, expand international operations, and acquisitions. Last fortnight, the startup raised $65 million in a funding round from Temasek with the participation of A91 Partners, according to its regulatory filings. Founded in 2011 by Sameer Maheshwari and Prashant Tandon, Healthkart offers a variety of fitness products and…

Share1
Tweet
Share
Pin
1 Shares
FutureTech 0

Google Is Shutting Down Duplex on the Web AI Service

Google is pulling the plug on its Duplex on the Web AI service The service Google is pulling the plug on its Duplex on the Web AI service Google has announced the closing of its Duplex on the Web service, an AI-powered tool launched in 2019 to assist customers with a variety of online tasks such as buying airline tickets or streamlining the check-in process for flights on airline websites. As originally reported by TechCrunch, Google has updated the Duplex on its Web support page. According to the page’s current…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

Adobe is the latest tech giant to cut jobs to reduce expenses

Adobe employed nearly 28,700 workers, as per the company’s Q3 2022. The company has fired nearly 100 employees, mainly from the sales team. Adobe says it is not doing companywide layoffs and it is still hiring for critical roles. Adobe reportedly laid off nearly 100 employees, the majority of whom worked in sales. The cuts were made to cut costs, though the magnitude is much smaller than the thousands of job losses at Amazon, Meta, and Twitter. According to the company’s financial report for the third quarter of 2022, it…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

How is AI helping FIFA detect offsides?

FIFA World cup uses artificial intelligence in calling offsides. The system is called as semi-automated offside technology (SAOT). In this year’s World Cup, FIFA is utilizing new artificial intelligence to assist referees in calling offsides. The system, known as semi-automated offside technology (SAOT), tracks the ball and each player’s movements using 12 cameras mounted on the stadium’s roof. SAOT recognizes and tracks players and the ball using artificial intelligence, calculating their positions 50 times per second. The official Qatar 2022 World Cup ball, called Al Rihla — Arabic for “the…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

WhatsApp Quashes Data Breach Concerns, Says No Evidence Of Any Leak

WhatsApp has responded to allegations of a data breach on the platform. WhatsApp claims that there is no evidence of a data leak from the messaging app and that the unsubstantiated screenshots do not make a compelling case for otherwise. “The claim written on Cybernews is based on unsubstantiated screenshots. There is no evidence of a ‘data leak’ from WhatsApp,” said a WhatsApp spokesperson on Monday. In fact, the reporter of the Cybernews piece on the WhatsApp data breach confirms this. According to Jurgita Lapienyt, Chief Editor of Cybernews, there…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

Simplilearn acquires New York-based Fullstack Academy

Simplilearn acquired US based bootcamp education company Fullstack Academy. The value of the transaction was not disclosed by the company. Simplilearn, an upskilling edtech platform, has acquired Fullstack Academy, a US-based bootcamp education company, as it seeks to expand in North America. The value of the transaction was not disclosed by the company. Simplilearn acquired Fullstack from publicly traded US edtech Zovio Inc, which has been attempting to dissolve the company for several months. In a filing to the US Securities and Exchange Commission (SEC) in September, Zovio stated that…

Share
Tweet
Share
Pin
0 Shares
FutureTech 0

UK creates £1.5M fund to support carbon-reducing AI projects

The UK government has launched a £1.5 million program to encourage the use of artificial intelligence to reduce carbon emissions. “The United Kingdom is one of the most advanced AI economies in the world, and AI technology is already having a transformative impact on our economy and society,” said UK Science Minister George Freeman. “However, there is enormous potential to do more.” The AI for Decarbonisation program is part of the larger Net Zero Innovation Portfolio, which aims to accelerate the commercialization of low-carbon technologies, systems, and business models. AI…

Share1
Tweet
Share
Pin
1 Shares
FutureTech 0