Page 56 - Data Science For News Today

While the payment app has grown exponentially as the beneficiary bank on UPI, on the issuance side it had stagnated from mid last year.

The founders aimed to change the narrative around edtech, shifting it away from being seen as a predatory space to highlighting its positive aspects, according to a founder.

In a letter to transport minister Ramalinga Reddy, the influential interest group protested the fixed cab fares mandated by the state government, which will have to be followed by ride-hailing firms like Uber, Ola and Rapido, as well as non-app-based city taxis. The body, which counts over 600 internet firms including Big Tech firms like Google, Microsoft and Meta in its membership, said the flat fares in the absence of dynamic pricing would have a “chilling impact” on the states mob...

On February 14, ET wrote that fintech startups like EnKash, Paymate and others have been instructed by card network Visa to stop offering business payment services through their commercial cards. The central bank mentioned that only one card network offers this service currently, without naming them.

The ‘IBM Global AI Adoption Index 2023 found that 74% of those Indian enterprises are already working with AI, having accelerated their investments in AI in the past 24 months in areas like R&D (research and development) and workforce reskilling. At least 67% of companies are investing in R&D, 55% in reskilling/ workforce development and 53% firms are building proprietary AI solutions.

The company, in a release, said the partnership aims to Redefine the Future of Work with AI. Sorocos AI model Scout generates a map of hidden pain points that teams face and their impact on business outcomes and solutions.

Arvind Krishna, IBM CEO, has joined USISPF, bringing his expertise in technology and market transitions. He is a leading figure among Indian-American CEOs of Fortune 100 companies and has made significant contributions in wireless networking, security, systems, and databases.

The initiative will enable the integration of CSCs e-Grameen app on the ONDC network as a buyer application, allowing citizens across rural India to access its vast e-commerce network, the two said in a joint statement.

GalaxEye Space, Dhruva Space, and Pixxel, along with the Indian Space Association (ISpA), call on the Indian government to implement a digital public infrastructure (DPI) for earth observation-based geospatial analytics. They propose an initiative that provides open access to satellite data archives, ground station networks, and cloud computing resources, enabling space startups to build applications.

Industry sources indicate that flow of money through the card route towards non-KYC-ed merchants is something that has irked the regulator.