Page 48 - Data Science For News Today

Navi Mumbai-based One Point One Solutions is set to acquire ITCube Solutions for Rs 84 crore, expanding its presence in the KPO and BPO sectors. The acquisition will also provide entry into medical services and manufacturing commerce, while driving profitability through automation and expanding into international markets.

Nexus Venture Partners leads a $25 million funding round in Orkes, a DevOps startup focused on orchestration. United Wholesale Mortgage, Foxtel, and Collective are among Orkes clients. The funding will be used to build out offerings, including an AI orchestration platform. Orkes was founded by Viren Baraiya, Boney Sekh, and Dilip Lukose.

Google said Gemini will improve a product called Performance Max, which automatically finds the best placements for a brands ads across Google services including email, search and YouTube.

ASIP and APACT have partnered to establish a hi-tech semiconductor assembling and testing facility in Hyderabad, aiming to contribute to Indias semiconductor manufacturing growth. They have also signed an MoU with IIT Hyderabad for R&D collaboration in the OSAT industry.

Global leaders echoed the sentiment that policymakers and regulators across the world must think of regulating AI in the next 5-10 years to prevent its misuse.

Amazon plans to wheel cart down value aisle, mirror Meesho model in fashion, lifestyle categories to tap value customers. It competes with Meesho, Flipkarts Shopsy, and Reliance Industries Ajio Street, while also facing competition from Shein, Temu, and Pinduoduo in its home market.

Boston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins whose founder is facing regulatory problems in the United States.

EV ride-hailing compay BluSmart will get 30 MW of electricity this year from Tata Power, which will be utilised to power the companys entire fleet of 6,000 cabs in Delhi NCR and Bengaluru, the latter said in a statement. The electricity will be sourced from Tata Powers 200 MW solar power plant in Rajasthan.

The study uses a robot to surgically place a brain-computer interface implant in a region of the brain that controls the intention to move, Neuralink has said, adding that the initial goal is to enable people to control a computer cursor or keyboard using their thoughts.

Jungle Ventures invested $20 million in Walko Food, an ice-cream brand and quick-service restaurant company. Investors are focusing on quick capital efficiencies and centralised infrastructure in the food brand sector. Startups with food brands raised significant growth-stage fundings.