Byjus statement was in response to a Bloomberg report that said the Bengaluru-based firms lenders had alleged that the edtech company hid $533 million in an obscure three-year-old hedge fund, operating from a pancake restaurant in Miami.
Indian ed-tech company Byju s has been accused of hiding $533 million in a hedge fund founded by William C. Morton, who allegedly had no formal training in investing. The fund, Camshaft Capital Fund, listed its principal business address as an IHOP pancake restaurant in Miami, according to court papers.
Apple also switched to the USB-C charging standard from the Lightning port, in accordance with a European law. In addition, it said the iPhone 15s battery is made of 100% recycled cobalt.
Amazon has launched a shelf monitoring solution in India that uses machine learning to ensure the quality of fresh produce sold on its platform. The system uses computer vision models and Wi-Fi-enabled cameras to detect defects in fruits and vegetables. It currently supports manual monitoring through a mobile app, where operators can submit images of produce crates for assessment.
Speaking at Salesforce s flagship event Dreamforce, Benioff said while the AI revolution will impact how everything operates "it is going to bring us back to our core values".