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Genpact is applying an ‘output robustness test to ensure its AI-generated output complies with fairness and legal frameworks. Wipro has adopted a ‘privacy and equity by design approach and looks out for possible bias not only in preparing datasets but at further points in the AI lifecycle. ....
"There is never a day that I would not buy more equity in Paytm," Sharma told Bloomberg News in an interview on Monday. "The single largest shareholder of Paytm is now an Indian, that is myself, and I believe this is definitely a key milestone." ....
Paytm is now making lending the cornerstone of its business. Currently, it does not have a lending licence and is working as a loan sourcing platform for its financial partners. The companys application for a payment aggregator licence was recently returned by the RBI. ....
The deal turns One97 Communications, which operates under Paytm brand name, into a majorly Indian-owned company from being majorly owned by Chinese entities. Antfin will continue to hold the economic rights of the stake that is being transferred to Sharma. ....
Startups raised just $103 million across 17 rounds in the last seven days. The funding raised by these companies plunged 85% year-on-year, from the $688 million raised across 45 rounds last year. ....