Page 8 - Data Science For News Today

InterGlobe, C P Gurnani launched AIonOS in New Delhi, focusing on digital transformation with AI solutions. IndiGo, Assago, and family office are key components. The venture aims to enhance human and system capabilities.

A group of Byjus investors led by Dutch investor Prosus is seeking to block a $200 million rights issue and the removal of founder Byju Raveendran as CEO of the edtech firm.

Brazils Supreme Court probes Xs compliance with blocking orders, involving Musk, amid accusations of spreading fake news and a coup attempt. X faces scrutiny for allowing active accounts despite court directives.

Flipkart Ventures Flipkart Leap Ahead (FLA) programme accelerates early-stage startups with USD 200,000 to USD 500,000 equity investments, mentorship from industry veterans, and a focus on GenAI solutions for hyper-growth.

First-quarter MAUs rose 19%, but missed Spotifys own guidance and a median of analysts forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.

In a speech to be delivered in Canberra on Wednesday, agency chief Mike Burgess will outline how "offshore extremists" are asking a commercially available artificial intelligence program for advice on building weapons.

CCI invites proposals for AI market study focusing on competition dynamics, collusion risks, bias impact, M&A effects, enforcement priorities, entry barriers, innovation incentives, and market power. Deadlines: June 3 for bids, technical presentations, and June 28 for financial bids.

IT companies cumulative wage cost rose by Rs 18,036 crore in the fiscal year. Experts said this was due to continuity in lateral hiring in high-demand areas such as AI, machine learning, and cloud and engineering services, coupled with the salary increments, even though they are in the lower single digits.

The central bank has also asked payment companies to monitor and report high-value merchant payments during ongoing general elections. In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent likely misuse of e-fund transfer systems to influence voters or indirectly fund poll candidates.

Dhruva Space founder and CEO Sanjay Nekkanti told ET the Hyderabad-based startup will use the capital infusion, of which Rs 44 crore was in debt, to set up the first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in the city.