Page 44 - Tech Prowess News Today

Survey of more than 360 Indian deep tech startups showed 580 patents were filed in AI, 130 in IoT and 120 in neurotechnology, Nasscom said in its latest report on patenting trends.

The two companies have begun discussing terms of a possible agreement and how the OpenAI features would be integrated into Apples iOS 18, the next iPhone operating system, said the people, who asked not to be identified because the deliberations are private.

The US-India Business Councils AI Task Force, co-chaired by Meta, drives cross-sector collaboration in AI. Infosys, UPS, BNY Mellon join the AI Board Advisory Committee to enhance innovation and collaboration, emphasizing responsible AI rollout and strategic industry alignment.

In February, Microsoft invested $16 million in Mistral AI and partnered with them to make its artificial intelligence models available through its Azure platform. It has also invested in ChatGPT owner OpenAI.

Cybersecurity firm Darktrace said Friday it had accepted a $5.3-billion takeover bid from US private equity firm Thoma Bravo, which highlighted the British groups "capability in artificial intelligence". "Darktrace is at the very cutting edge of cybersecurity technology, and we have long been admirers of its platform and capability in artificial intelligence," Thoma Bravo partner Andrew Almeida said in a statement.

Former Zomato executive Gupta will steer the venture as CEO, Bansal to stay away from operations. The fashion startup will focus on offline play in the premium womens wear fashion category and expand into other lifestyle segments later.

ByteDance considers shutting down TikTok over U.S. ban legislation, unlikely to sell due to crucial algorithms. China opposes forced sale. Mnuchin shows interest. ByteDances secret: the TikTok algorithm.

Snap exceeded revenue and user growth expectations, with shares spiking 25%. Improved ad system and user interaction drove Q1 revenue to $1.2 billion. Daily Snapchat users increased to 422 million, and Snap introduced a TikTok-like feature, preparing for potential TikTok ban.

Capria Ventures concluded the Rs 153 crore fundraising for the India Opportunity Fund. The fund, which had invested in Awign in February last year, will return more than 20% of the invested capital to its limited partners or sponsors in funds.

PayU-owned Wibmo is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer markets.