Author: Ansh Singh

New Delhi: In a recent, unpublicized revision to its usage policy, OpenAI has modified its stance on allowing military applications of its technologies. The previous policy explicitly prohibited the use of OpenAI products for military and warfare purposes. However, the language restricting such applications has now been removed, and OpenAI has not denied the shift towards permitting military uses. The Intercept was the first to observe this change, which appears to have been implemented on January 10. It’s not uncommon for tech companies to make unannounced adjustments to their policy wording as their products evolve, and OpenAI is no exception. The recent announcement…

New Delhi: BlackRock has recently devalued its stake in Byju’s, reducing the implied valuation of the Indian startup to approximately $1 billion from the $22 billion reported in early 2022. The asset manager disclosed in October of the previous year that it assessed Byju’s shares at around $209.6 each, down significantly from the peak of $4,660 in 2022, indicating a valuation of $990 million. While BlackRock, holding less than 1% of Byju’s, has not provided reasons for the valuation adjustments, this markdown is the most drastic among recent adjustments by investors. Prosus, which owns approximately 9% of Byju’s, previously stated…

New Delhi: Former US President Donald Trump has been directed to pay approximately $400,000 in legal fees to The New York Times and three investigative journalists on January 12 in connection with a lawsuit concerning a Pulitzer Prize-winning article. The Pulitzer Prize was awarded to The New York Times and reporters Susanne Craig, David Barstow, and Russell Buettner for their 2018 story on Donald Trump’s family finances and tax practices. In 2021, Trump filed a lawsuit related to this story. Still, it was dismissed in May, with Trump accusing his estranged niece, Mary Trump, of violating the settlement agreement by…

New Delhi: Shiprocket, India’s 106th unicorn and leading eCommerce enablement platform, has joined hands with Dependo, a growing logistics service provider, in a strategic partnership to enable Indian merchants with intercity same/next-day delivery. The partnership between Shiprocket and Dependo opens new avenues for Indian merchants, empowering them to offer efficient and swift intercity same/next-day delivery services. The collaboration takes advantage of Dependo’s courier network, which offers widespread coverage in major cities, ensuring smooth connectivity for a wide range of merchants. For SDD-NDD, the courier partner’s presence is in all major metropolitan areas, such as Mumbai, Delhi NCR, Bangalore, Hyderabad, Kolkata,…

Chennai: IIFL Home Finance Ltd, India’s fastest-growing digital-first home finance company, has set its sights on achieving ₹ 9,500 crore assets under management (AUM) target in the southern region for the current financial year. The company’s robust growth strategy includes focusing on various housing schemes, such as Affordable Housing Projects (AHP) and Beneficiary Led Construction (BLC) schemes. With an overall portfolio aimed at providing affordable homes to the masses, IIFL Home Finance Ltd. has successfully catered to the housing needs of thousands of individuals and families. IIFL Home Finance Ltd.’s commitment to ensuring housing affordability is evident through its exemplary…

New Delhi: This partnership is set to help Veera with a new level of creative performance and visibility, employing the extensive power and reach of digital tools to scale the brand and create awareness around the need for safe browsing and data privacy safeguards against identity theft, financial fraud, and unauthorized access to sensitive information. Founded by Arjun Ghose, Rahul Pagdipati, Aditya Julka, and Kanu Gupta and backed by marquee investors including Ayon Capital, COG Network, 6th Man Ventures, Folius Ventures, and iSeed Ventures, Veera, a ‘Made in India for India’ mobile-only internet browser has marked its entry into the…

Bengaluru: 10Clubhomes, a leading consumer goods brand for everything Home and kitchen, today announced the appointment of Kavitha Rao as their new Co-founder and Chief Operating Officer. Kavitha brings over two decades of leadership experience gained through her journey across various leadership roles in the retail and consumer industry. In her new role with 10clubhomes, Kavitha will lead multiple business functions to drive growth and profitability. In addition to this, she will play a pivotal role in spearheading the company’s retail expansion plan across both online and offline channels, doubling down on the category roadmap and leading high-performance daily operations…

New Delhi: UNIREC, one of the first sustainable brands from India that creates clothing made from recycled PET bottles, today announced a significant moment in its journey towards a greener future. The company has successfully closed a seed funding round, securing a substantial investment of $190,000 USD (1.5 Crore in INR) from BeyondSeed, a leading Singapore-based seed fund. The $190,000 USD(1.5 Crore in INR) seed funding, exclusively provided by BeyondSeed, is strategically allocated to help in market expansion and intensify research and development efforts for the creation of innovative, sustainable fabrics. This financial support positions UNIREC to make a significant…

Surat: The Vibrant Gujarat Global Summit 2024 is set to host the largest-ever ‘Global Trade Show’ in Gandhinagar, featuring expansive exhibitions and stalls covering a vast area of two lakh square meters. Scheduled to be inaugurated by Prime Minister Narendra Modi on January 9, 2024, the event will take place parallelly with the summit, showcasing 13 exhibition halls, each focusing on diverse themes such as ‘Make in Gujarat’ and ‘AatmaNirbhar Bharat.’ The Exhibition Center is currently undergoing final preparations for this extraordinary global trade show, which will see the active participation of 100 countries as visiting nations and 33 countries…

Ahmedabad: CLEAR Premium Water, a quality-focused and value-based premium bottled water brand that had roped in Hrithik Roshan as its brand ambassador last year, recently released its latest campaign featuring the superstar. “CLEAR rehne mein samajhdaari hai (It is wise to stay clear),” Hrithik Roshan emphasizes the wise choice of the premium bottled water brand’s consumers, echoing the brilliance behind choosing CLEAR in the latest campaign tagline drop. In an industry where quality and safety take precedence, CLEAR Premium Water has positioned itself as the go-to choice for discerning consumers and has found an invaluable ally in the Bollywood superstar.…