Page 16 - Data Science For News Today

The latest mark up in Swiggys valuation comes as the Bengaluru-based food and grocery delivery company presses ahead with its planned $1 billion IPO.

Byjus AESLs CEO Deepak Mehrotra raised concerns about investor-driven behavior in edtech, emphasizing the inadequacy of digital tools for medical and engineering aspirants. He highlighted the need to address new learners requirements and discussed industry challenges and his background.

South Korean President Yoon Suk Yeol announced a 9.4 trillion won investment in AI to strengthen semiconductor dominance, aiming to compete with US, China, Japan and lead in global system semiconductor market share by 2030.

Adopting Namma Yatri, Rapido model may help platforms bypass 5% GST on auto rides. Ola has released its subscription model over the last few weeks for its auto drivers in select markets. Uber has also launched the same in six markets.

Srinivas Pallia became the CEO of Wipro after Thierry Delaporte quit in a surprise move. Pallia said his immediate focus will be on supporting clients and stressed on "embracing bold ideas" and taking "calculated risks".

After its strong debut in late March, investors have soured on Trump Media & Technology Group after the company disclosed millions of dollars in losses earlier this month and said it would struggle to meet its financial liabilities.

Paytm processed around 1.2 billion UPI transactions in March. This is below 1.3 billion transactions in February and 1.4 billion in January. Overall, UPI payments rose to 13.4 billion in March compared to 12 billion in February, per NPCI data.

The new funding comes as the Bengaluru-based etailer presses ahead with plans to launch its quick-commerce service.

Indias Paytm informed the exchanges that Surinder Chawla had resigned as the chief executive officer of its banking unit Paytm Payments Bank "on account of personal reasons". This comes almost a month after the entity stopped basic banking services under instructions from the Reserve Bank of India.

Jeffrey Katzenberg foresees accelerated movie production with generative AI. Adam Fowler analyzes AIs impact in Hollywood, while industry voices concerns over AI tools. Sam Tung advocates for AI rules, and Sarah Myers West highlights the significance of labor agreements in shaping AI deployment.