Author: Priyanka Chauhan

New Delhi: Twitter, the popular social media platform, has welcomed its new CEO, Linda Yaccarino, marking a significant milestone for the company. With her past background in advertising and a proven track record of success, Yaccarino aims to transform Twitter into a new era of growth and innovation. On her first day in office, without wasting time, she sent a memo to all employees titled “Building Twitter 2.0 Together.” Drawing inspiration from Musk’s ventures in space exploration and electric vehicles, Yaccarino acknowledged that a similar transformation was now needed for the online sphere. She recognised the pressing need to propel…

New Delhi: Pepper Group, a global consumer finance company, will invest $150 million in the next four years to establish a fintech in India, as per the reports. Former Flexiloans co-founder Abhishake Kothari will lead the fintech under the Pepper Money brand. To deliver consumer finance products that incorporate a localised approach to the market, the company aims to hire a 200+ team. With plans to launch in the second half of 2023, Pepper Money India will introduce personal finance products to target 15 crore households in tier 2 and 3 cities, which are experiencing an increase in economic growth,…

Mumbai: CoutLoot, India’s first and largest online non-grocery retail aggregator, has expanded offline. The retail tech player has opened its first store in Mumbai. The company plans to open 50 stores by the end of this year in UP, Maharashtra, Gujarat and Delhi, where it will transform and standardize the existing small retail shops selling unbranded merchandise which are already part of CoutLoot’s platform. With each store measuring between 200-1000 sq ft, CoutLoot aims to replicate the success of Oyo in the hospitality industry by providing these small retailers with the infrastructure and technology required to scale their businesses. On the…

New Delhi: Crypto.com, a Singapore-based cryptocurrency exchange, will no longer serve institutional clients in the United States after announcing the suspension of the service starting June 21. The primary reason for this move is cited as limited demand from institutional customers, exacerbated by testing prevailing market conditions. As per the reports, the platform’s institutional users were given advance notice about the suspension of services. Crypto.com’s retail mobile application and platform remain fully operational in the United States. American retail users still have access to cryptocurrency derivatives trading regulated by the Commodity Futures Trading Commission as well as the exchange’s UpDown…

New Delhi: In a tale where, a 14-year-old Kairan Quazi is about to achieve what most of us can only dream of. Kairan will be donning a cap and gown to obtain his bachelor’s degree from Santa Clara University, making him the youngest graduate in the school’s history, while his contemporaries are getting ready for the fun of high school. But Kairan’s ambitions don’t stop there; he’s all ready to join Elon Musk’s SpaceX as a software engineer. The trajectory of Kairan is recall of the fictional character Young Sheldon Cooper, a character that gained popularity due to the show…

New Delhi: Twitter owner and billionaire entrepreneur Elon Musk Friday announced the upcoming feature of Twitter along with the revelation of an initial payment block totalling approximately $5 million. This new initiative introduced by Musk will compensate verified content creators for ads in their replies. Musk specified in one of his tweets that this new initiative will be eligible for only verified creators and ads served to verified users will be accounted for. This move is taken because Twitter faces challenges in retaining advertisers, particularly due to concerns surrounding ad placement following the company’s significant employee layoffs. With its new…

New Delhi: Consolidation continues apace in the world of fintech. FIS, the fintech giant that runs a wide range of payment, banking and investment services, has acquired Bond, a startup that specializes in embedded finance, multiple sources confirmed today.  Fintech Business Weekly’s Jason Mikula broke the news last week that the deal was in the works. Our sources confirm that the deal has now closed, as of today. FIS is not sharing how much it paid for Bond, a San Francisco-based BaaS (banking-as-a-service) startup. But as a point of reference, PitchBook notes that Bond was valued at $182 million the…

New Delhi: 82Volt, an Electric Vehicle Charging Technology company with expertise in energy conversion and storage, has successfully closed its seed funding round by raising a total amount of INR 5 Cr from angel investors. The company provides a range of AC and DC charging solutions as well as software solutions. It aims to register a 200% absolute growth by the next financial year by expanding its team, geographical reach and charger installation capacity. As per industry reports, as of March 2022, India recorded over 1Mn EVs and is expected to touch 50 Mn by 2030. This growth can be attributed…

New Delhi: Cohere, a generative AI startup focusing on enterprise applications, has successfully raised $270 million in its Series C funding round. This substantial investment signifies the availability of significant capital for companies involved in the development of AI models. While earlier reports suggested a valuation of over $6 billion for Cohere, a source familiar with the matter now values the company between $2.1 billion and $2.2 billion. The newly acquired capital will be used to further enhance Cohere’s AI platform, specifically designed for enterprise customers. The platform enables companies to leverage their preferred cloud provider, ensuring data privacy and simplifying…

New Delhi: During an eagerly anticipated event featuring Sam Altman, the creator of ChatGPT, an OpenAI engineer, shared valuable insights on how to secure a job at the renowned AI company. This revelation took place at IIIT Delhi, where Altman and his team engaged in a discussion addressing pertinent questions concerning the AI revolution and its global impact. Among the queries raised was the inquiry of how to apply for a position at OpenAI. The engineer’s response was refreshingly straightforward: “Utilize the OpenAI API to develop innovative products and submit them to Sam.” This unorthodox approach emphasizes the significance of practical…