New Delhi: In a surprising turn of events, Microsoft, the tech behemoth with a substantial $13 million investment and a 49% stake in OpenAI, has thrown its unwavering support behind the recently ousted CEO, Sam Altman. The abrupt departure of Altman, known for his visionary leadership in the artificial intelligence (AI) domain, raised eyebrows not only within OpenAI’s boardroom but also at Microsoft headquarters. Leading the charge in support of Altman is none other than Microsoft’s CEO, Satya Nadella, who reportedly pledged his backing immediately after Altman’s abrupt dismissal. Nadella has taken on a pivotal role, spearheading negotiations between factions…
Author: Ansh Singh
Ansh Singh
Ansh Singh is a journalist and writer who covers Entrepreneurship, Business, Startups, and Fintech. When not working, you will find him reading insightful case studies, exploring ideas online, and journaling by the beach.
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New Delhi: The beauty and fashion trend in India is experiencing massive digital growth, with more than 80% of consumers embracing online beauty purchases, driven significantly by the influence of social media. Meta’s Facebook and Instagram emerged as the leaders in beauty product searches, capturing the attention of 9 in 10 surveyed consumers. Instagram Reels, a dynamic feature, plays a pivotal role, with 47% of consumers discovering beauty products through this engaging platform. In a Meta-commissioned survey involving over 2,000 participants across 74 cities in June, it was unveiled that post-pandemic, there’s a remarkable 15% increase (now 68%) in beauty shoppers…
New Delhi: One of X’s key advertisers, Apple, will pause its advertising on the platform, according to a report from Axios. Apple follows in the footsteps of advertisers like IBM and the European Commission, who have suspended ads on X amid increased on-platform antisemitism. Per research from the Center for Countering Digital Hate, X has failed to moderate hate speech on its platform that promotes antisemitic conspiracies, praises Hitler, and dehumanizes Muslims and Palestinians. But X isn’t just keeping these posts up; its owner, Elon Musk, is fanning the flames of such hatred. In a particularly egregious incident this week,…
New Delhi: Pramod Mittal, known for his ventures in the steel industry, faced challenges distinct from his more renowned sibling, the tycoon behind the €20 billion ArcelorMittal SA conglomerate. His Global Steel Holdings Ltd. went into liquidation five years ago, burdened by a $167 million debt to Moorgate Industries Ltd. Despite a pending bankruptcy case, Pramod hinted at a potential payout from Nigeria to settle his debts. While a settlement with Nigeria was reached last year, Moorgate, as of October 4, had not yet received any funds, as court documents reveal. As Pramod’s bankruptcy unfolds in English courtrooms, Nigeria has…
New Delhi: OpenAI made a groundbreaking announcement, ushering in a new era with the appointment of Mira Murati as the interim CEO, succeeding Sam Altman. The decision was fueled by concerns over Altman’s communication transparency with the board, leading to a loss of confidence in his leadership. Mira Murati, a 34-year-old dynamo from Albania, brings a unique blend of mechanical engineering prowess and a stellar career path. From crafting a hybrid race car at Dartmouth College to honing her skills at Goldman Sachs and Tesla, Murati joined OpenAI in 2018, swiftly rising to the role of CTO in 2022. Her…
New Delhi: Gurugram-based plus-size innerwear and comfort clothing startup Happie Curves has raised an angel funding of INR 20 Lakhs against 30 per cent equity dilution from two prominent startup-founders-cum-angel investors Rikant Pittie, Co-Founder of EaseMyTrip and Aparna Thyagarajan, Co-Founder & Chief Product Officer of Shobitam Inc. Happie Curves secured this equity funding deal through their recent participation in ‘Indian Angels’ the world’s first OTT angel investment show, currently being streamed on the JioCinema platform Prior to this, the startup has remained bootstrapped since its inception. Happie Curves will mainly utilise the newly-raised capital to fuel various strategic interventions aimed at growing…
New Delhi: Alphabet’s CEO Sundar Pichai recently confirmed that the company pays a hefty 36% of its revenue to Apple for the privilege of being the default search engine on Safari browsers. This revelation came to light during the ongoing antitrust case initiated by Epic Games in the US. Pichai, in response, emphasized the diverse nature of agreements, comparing the situation to “apples and oranges” while asserting that Google fiercely competes with Apple. Intriguingly, an Epic Games attorney accused Google of paying Samsung significantly less than Apple for the same arrangement, to which Pichai conceded that such variations were “possible.” When…
New Delhi: Tummoc, India’s premier travel app known for simplifying daily local travel, has recently partnered with redBus, the world’s largest online bus ticketing platform, to streamline end-to-end outstation transportation. The collaboration empowers over 3 million existing users to use Tummoc beyond intra-city transportation needs. Within the Tummoc app, users can now avail services, including – effortless access to intercity bus ticket bookings and Tummoc’s hassle-free first and last-mile connectivity solutions, available through Auto, Cabs, and Taxi Bikes across the 21+ cities in India. The collaboration between Tummoc and redBus comes at an opportune time when outstation travel within India…
Muhurat Trading, a cherished tradition in Indian markets, unfolds this Diwali on November 12, 2023, marking the commencement of Vikram Samvat 2080. This auspicious one-hour session, opening between 6 pm and 7.15 pm, offers investors a unique opportunity to embark on a prosperous financial journey. Considered an ideal time to initiate new ventures, Diwali Muhurat trading is more than symbolic; it’s a chance to tap into the potential for financial growth throughout the year. Investors believe that trading during this sacred hour brings about prosperity and positive returns. The strategy for this special session, as highlighted by Harjeet Singh Arora,…
New Delhi: Rockstar Games has been working tirelessly behind the scenes, investing significantly in cutting-edge technologies to create a gaming masterpiece with GTA VI. Anticipation has reached a fever pitch as fans eagerly await the release of the first official trailer in early December. The location of the game has become a hot topic of speculation, with debates ranging from a return to Vice City to revisiting Liberty City. Inside sources hint at a virtual world meticulously crafted to surpass anything seen in previous GTA iterations, promising players an unparalleled and immersive experience. In the realm of character dynamics, GTA…
