Author: Priyanka Chauhan

New Delhi: Opera, the web browser company, has introduced a new AI side panel called “Aria” in its browser. This innovative feature is powered by OpenAI’s ChatGPT technology. With Aria, users can access generative AI services at no cost. According to a blog post by Opera, Aria serves as both a web and browser expert, allowing users to collaborate with AI while conducting web searches, generating text or code, and obtaining answers to product-related inquiries. The company emphasizes that Aria is currently available for testing, demonstrating its commitment to continuous improvement and user feedback. Built on Opera’s existing “Composer” infrastructure,…

New Delhi: Anthropic, a prominent contender to OpenAI in the development of AI foundation models, recently secured a substantial investment of USD 450 million. Notable investors in this funding round include Google, a subsidiary of Alphabet, and Spark Capital. With this latest injection of capital, Anthropic’s total funding has now reached an impressive USD 1 billion, solidifying its position as one of the most well-funded AI companies in the industry. While the exact valuation of Anthropic remains undisclosed, media reports suggest that it is anticipated to be in the vicinity of USD 5 billion. The surge in funding for generative…

New Delhi: An Indian research group called Jugalbandi, supported by Microsoft and Infosys co-founder Nandan Nilekani, has been utilizing generative Artificial Intelligence (AI) to develop a mobile assistant that makes information on government schemes accessible in multiple languages. Jugalbandi relies on language models from AI4Bharat and Microsoft’s Azure OpenAI Service to accomplish this. The functioning of Jugalbandi involves its ability to comprehend questions in 10 different languages. It retrieves information from government websites, typically written in English, and translates it into local languages to provide answers. This service operates through the WhatsApp messaging platform, which is owned by Meta Platforms. Microsoft…

New Delhi: The ePlane Company, an electric flying taxi start-up, announced on Tuesday that it has received the Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA). This approval is a significant milestone for the company, which is focused on developing Electric Vertical Takeoff and Landing (eVTOL) aircraft. With the DOA certificate in hand, The ePlane Company is now poised to move forward with the commercial production of its e200 eVTOL aircraft. Prof. Satyanarayanan Chakravarthy, the founder-CEO of The ePlane Company, expressed his delight at receiving the DOA certificate from the DGCA. He emphasized that this achievement…

New Delhi: Tezos India, a leading blockchain adoption entity, today announced its collaboration with SOCIAL, the neighbourhood space that blends the best of the work and plays, to launch the ART OF CODE – a month-long exhibition that showcases the works of over a dozen Indian artists, who have created a collection of digital art using their creative coding skills. ART OF CODE celebrates the intersection of art and technology, with visitors being treated to a diverse range of digital works on high-resolution screens. Patrons can scan and purchase the NFT artworks that are on display around the New BEL Road…

New Delhi: Meta (META.O) has been slapped with a historic 1.2 billion euro ($1.3 billion) fine by the European Union’s leading privacy regulator, following its mishandling of user information. The Irish Data Protection Commissioner (DPC) imposed the fine after Meta continued to transfer data in violation of a 2020 EU court ruling that invalidated an EU-U.S. data transfer agreement. This penalty surpasses the previous record fine of 746 million euros imposed on Amazon.com Inc (AMZN.O) by Luxembourg in 2021. The dispute regarding the storage of Meta’s Facebook data began a decade ago when Austrian privacy campaigner Max Schrems raised concerns…

New Delhi: OpenAI, the creator of ChatGPT, has put forward a proposal for the establishment of a global regulatory body aimed at overseeing the development and deployment of artificial intelligence (AI) technologies. OpenAI’s CEO, Sam Altman, highlighted the potential of AI systems in the next decade to possess expert-level skills across various domains and perform tasks with an efficiency comparable to today’s largest corporations. In a recent blog post, OpenAI emphasized the need for robust public oversight in governing powerful AI systems and determining their boundaries and defaults. While acknowledging the absence of a clear mechanism for achieving this, the…

New Delhi: On May 22, 2023, The Open Network (TON), a layer-1 blockchain developed by Telegram, announced plans to launch a $25 million fund to support the development of projects within its ecosystem. The “TON Accelerator Program”, projects will receive financial assistance and guidance from the staff of The Open Network, with funding ranging from $50,000 to $250,000 per project. According to Justin Hyun, the head of incubation and growth at the TON Foundation, this funding is an integral part of their strategy to expand their local hubs and attract developers and successful founders from various global locations. The TON…

New Delhi: Growth stage focused Physis Capital today announced its first close of CAT II $50 million fund. The first close is reached at $7 million and is on track to do the final close in 2024. Physis Capital will actively look to invest from its first fund by Q3 2023 in startups looking to raise Pre Series A to Series B capital.     Physis Capital announces first close at $7 million     Final close expected in 2024     Physis to invest in Pre Series A to Series B rounds     Aims to build a select portfolio of 15 — 20…

New Delhi: Chalo, a startup specializing in bus tracking and ticketing services, recently secured a substantial investment of USD 20 million from Avataar Ventures, as reported by various media outlets. The company’s board of directors unanimously passed a special resolution, which involved issuing 3,015 preference shares at an issue price of USD 6,634 per share, with the goal of raising a total of USD 20 million. This development was disclosed in a regulatory filing made in Singapore. According to the same media reports, Chalo’s latest funding round has resulted in a valuation of USD 290 million. This figure represents a significant…