Author: News Desk
Physics Wallah, a prominent edtech startup in India, has been gaining significant attention for its profitable status and rapid growth. The company, valued at over $1 billion and the only profitable unicorn in the Indian edtech sector, is aiming to achieve remarkable financial results in the upcoming fiscal year (2023–24, or FY24). Impressive Revenue Growth and Expansion Plans In the previous financial year (2022–23), Physics Wallah generated Rs 780 crore in revenue. For FY24, the company has set an ambitious target of reaching a total revenue of Rs 2,400 crore at the group level, with the core Physics Wallah business…
At tutAR, learning comes alive with the tutor – tutAR – actively present, ensuring engaging teaching experiences. The use of TutAR’s 3D models enhances the joy of learning and teaching for both educators and learners A Journey of Innovation: Since the beginning of 2015, without any failures or loss, the project tutAR has continuously evolved, becoming a faithful AR and VR companion for teachers and students alike. The platform has grown to include 3D visuals for learning and Personalized Learning Platforms (PLP). Startup Infusory Future Tech Labs Pvt. has been on this journey, led by three young men named Thomson…
OpenAI, the visionary tech company behind the innovative ChatGPT language model, is facing a precarious financial situation. Despite substantial investments from Microsoft and other backers, concerns have been raised about the company’s profitability. A recent report from Analytics India Magazine highlights OpenAI’s mounting losses, challenges related to user engagement, and the potential impact of rival initiatives on its future. Let’s delve into the details of OpenAI’s financial struggles and the obstacles it must overcome to maintain its position in the AI landscape. Running on Subsidies: A Risky Proposition OpenAI expends a staggering $700,000 daily to sustain operations of ChatGPT. Currently,…
Researchers at Fraunhofer IML have developed an innovative autonomous mobile robot system known as evoBOT. This next-generation robotic system is designed for high agility, flexibility, and a wide range of applications beyond the traditional logistics context, including complex urban environments. Modularity and Versatility One of the key features of evoBOT is its modularity, allowing it to adapt and upgrade its capabilities. While existing transport robots primarily handle basic tasks like pushing and pulling logistics goods, evoBOT can perform more advanced functions, such as handing items over and turning them around. This adaptability makes it a versatile solution for various applications.…
The Digital Personal Data Protection Bill, 2023, recently secured parliamentary approval, prompting discussions about its implications. Led by Ashwini Vaishnaw, Union Minister for Communications, Electronics, and Information Technology, the bill is set to bring about significant changes in business practices and privacy principles. Vaishnaw addresses critical aspects of the bill in this analysis. Shift to Blacklisting Approach The final version of the bill moved away from the concept of trusted geographies to adopt a blacklisting approach. Vaishnaw explains this shift by highlighting the global nature of digital transactions, emphasizing the need to protect sensitive data exchanged across borders. This change…
The Changing Landscape of Remixes While Bollywood continues to remix songs, the approach has evolved over the years. Initially, remixes aimed to breathe new life into old classics, retaining their essence. However, in recent times, critics argue that many remakes lack thoughtfulness and value-addition, leading to backlash from music connoisseurs. The Hits and Misses of Remixes Audiences have high expectations for remakes, associating Bollywood songs with nostalgia. While some remixes successfully revive iconic melodies, others draw criticism for straying too far from the original compositions. AR Rahman and Falguni Pathak are among the artists who expressed dissatisfaction with certain remixes…
South Korean electronics giant Samsung has reported an overwhelming response from Indian consumers, with over 100,000 pre-bookings received in the first 28 hours for its latest foldable devices, the Galaxy Z Flip5 and Galaxy Fold5. These highly anticipated foldable smartphones were announced on July 26, and pre-bookings in India began on July 27. The official release date for the devices in India is set for August 18. Commitment to Innovation and Customer Needs Samsung’s President and CEO, JB Park, expressed his delight with the enthusiastic reception of the newly launched Galaxy Z Flip5 and Galaxy Fold5 in India. He emphasized…
Celekt Mobiles, a leading mobile retail chain, has introduced an initiative called ‘Mission E-waste’ with the objective of addressing the issue of electronic waste in India. The initiative involves the placement of dedicated e-waste bins in every Celekt Mobiles store, providing customers with a responsible way to dispose of old and non-functional mobiles, laptops, tablets, and other electronic devices. Benefits for Responsible Disposal Customers who participate in this environmentally conscious action will be rewarded with discount coupons, ranging from Rs 1,000 to Rs 10,000, which can be redeemed for up to six months on new purchases from Celekt Mobiles stores.…
UST, a prominent digital transformation solutions company, has officially launched the third installment of D3CODE, an exhilarating hackathon event designed to harness the creative potential of undergraduate and graduate students across Indian universities and colleges. Set to unfold under the theme “Exploring Generative AI: Crafting the Future,” this event invites aspiring talents to solve real-world problems and demonstrate their prowess in innovation, design thinking, problem-solving, and programming skills. The hackathon registration is open until August 15, and participants are encouraged to join the challenge through the D3 website or HackerEarth platform. Empowering Student Innovators: The Essence of D3CODE D3CODE, initiated…
Air India, the iconic Indian airline, has unveiled a fresh new logo and livery, signaling a significant rebranding effort following its acquisition by the Tata Group in January 2022. The rejuvenated design features a captivating combination of red, golden, and violet colors, reflecting a sense of limitless possibilities, progressiveness, and confidence. Repositioning the Maharajah Mascot While Air India’s beloved Maharajah mascot has been an integral part of the airline’s identity since 1946, its role is being subtly refined in the rebranding process. Campbell Wilson, the airline’s Chief Executive Officer and Managing Director, explained that the Maharajah will remain an important…