Digital Financial News

21.09 / 00:39

UPS Citi Digital SoftBank hospital travelers Premium SoftBank partners Oravel to check into premium hotels

SoftBank, known for its bold technology bets, is expanding its hospitality presence in India with a new category of premium hotels and five-star hotels, people familiar with the developments told ET. The Japanese conglomerate has partnered with Oravel Stays, the parent of hotel chain Oyo, to operate these hotels. Under a joint venture arrangement called ‘Mountainia’ the companies have drawn up a plan to open four- and five-star hotels under the ‘Sunday’ brand name across fast-growing tier two Indian cities, the people cited above said.

21.09 / 00:39

Citi Target Digital Enterprise country Incubate Fund Asia announces third fund, rebranding

Incubate Fund Asia, a sector-agnostic and Japan-origin venture capital firm, on Wednesday announced the first close of its third fund, which has a target corpus of $50 million (Rs 416 crore). The Singapore-based fund also said it is rebranding itself as Incubate Fund Asia. Previously, as Incubate Fund India, it only backed domestic startups such as Captain Fresh, Yulu, ShopKirana and Plum from its first two funds since 2016. It has backed 27 companies so far.

21.09 / 00:39

UPS Provident Waves Digital Strategy Experts reports Indian Indian IT primed to ride $4 trillion AI wave: Report

global market for generative artificial intelligence (genAI) is set to offer, experts said. However, it will have to make strategic changes in several areas, according to a report by Nasscom and McKinsey & Company.

21.09 / 00:39

UPS Digital awards track innovations Department Founders must know when to pivot when things are off: String Bio cofounder Vinod Kumar

This is part of a series of interviews with the winners of The Economic Times Startup Awards 2023. If there is one thing that Vinod Kumar, chief executive officer and cofounder of String Bio wants to call out from his entrepreneurship journey it is a critical pivot at the right time, which eventually helped the company get the right product for the market. Back in 2015, two years after having started String Bio, the founder couple Kumar and Ezhil Subbian understood that their first idea of building biodegradable plastics hardly had any takers in the market.

21.09 / 00:39

Digital VISA Platform Parke country travelers E-visa startup Atlys raises $12 million from Elevation Capital, Peak XV, others

Atlys on Wednesday said it has raised $12 million in a Series A funding round led by Elevation Capital and Peak XV Partners, formerly Sequoia Capital India. The round also saw participation from existing investors Andreessen Horowitz (a16z), musical duo Chainsmokers, South Park Commons, Pinterest Founders, among other investors, as per a statement.

20.09 / 23:29

UPS Provident Digital Google Platform TikTok social UK's new online safety law adds to crackdown on Big Tech companies

British lawmakers have approved an ambitious but controversial new internet safety law with wide-ranging powers to crack down on digital and social media companies like TikTok, Google and Facebook and Instagram parent Meta

20.09 / 21:57

Blockchain Citi Digital USDT Experts reports 2024 Lawmaker: Hong Kong Aiming for Stablecoin Regulations by Mid-2024

Hong Kong lawmaker Duncan Chiu has announced the launch of the second round of consultations aimed at formulating stablecoin issuance guidelines.

20.09 / 20:09

Facebook Provident Digital Platform WhatsApp Instagram WhatsApp adds rival payment options in India commerce push

digital payment providers within its app in India, the latest bet by the Meta Platforms Inc.-owned service to boost commerce offerings in its biggest market. WhatsApp has more than 500 million users in India, though regulators there have capped its in-app WhatsApp Pay service to only 100 million people.

20.09 / 20:03

Digital Google Racing Software Experts show shock OpenAI's ChatGPT can now generate images, too

ChatGPT can now generate images — and they are shockingly detailed. On Wednesday, OpenAI, the San Francisco artificial intelligence startup, released a new version of its DALL-E image generator to a small group of testers and folded the technology into ChatGPT, its popular online chatbot.

20.09 / 19:39

UPS Digital Interface gossips patient Someone in my head

Brain implants are a favourite fictional trope for dystopic tales of computers taking over the lives of people and the world at large. But they could serve a useful enough medical purpose in the real world, which explains why Elon Musk’s firm Neuralink has received US regulatory approval to begin its first human trials. These are to be carried out on patients with paralysis caused by spinal cord injuries or amyotrophic lateral sclerosis.

20.09 / 18:19

Lowe's Digital CEO Pool social exclusive financing NOT Let’s not conflate microfinance with self-help-group financing

RBI) to revise the regulatory framework (March 2022) for it and also caution it against an exclusive focus on business growth (November 2022). What remains in question, though, is whether RBI’s revised regulatory framework addresses the moral charge it seeks to impose on the industry. Thus, it wasn’t surprising for us to see the CEO of Sa-Dhan write an op-ed in April 2023 that spoke of some hurdles faced by microfinance institutions (MFI) in their search for growth.

20.09 / 18:19

UPS Digital economy Fallout love The artificial intelligence era needs its own Karl Marx

reality. By all indications, AI will hit white-collar jobs hardest. Job losses are not the only problem that AI could create in an economy.

20.09 / 17:33

Provident Art Digital Marvell social Following Memes

memelords' capture the key points of a trending news story, or a social phenomenon, or plain silly human behaviour. No wonder memes bring to the meme-watcher that short spark of ha-ha that is hard to get outside their realm. As you view a meme, you double, treble, quadruple your mirth dunked in 'wow' by sharing it.

20.09 / 17:33

Digital Continental President stage country voice innovations Indian View: How PM Modi successfully turned Indian presidency into the people’s G20

A day before the G20 summit, I had made three predictions: Prime Minister Narendra Modi would remove the last obstacles. Indian diplomats would craft a communiqué on which a consensus would be reached. The Indian presidency would be seen as a turning point in G20 history. The first two of these predictions have come true. As S Jaishankar said in an interview, the PM did speak to clear the path with some of his counterparts at critical moments.

20.09 / 16:55

Digital Google Platform Action TikTok country reports Big Tech drags feet on climate disinformation, advocates warn

tech giants are falling short on pledges to rein in and combat climate misinformation on their platforms, according to a new report calling for more political will to act on measures to curb the «spread of lies» that threaten climate action. Climate Action Against Disinformation (CAAD), a coalition of more than 50 advocacy groups and businesses, released the report on Wednesday as activists and business leaders joined Climate Week NYC, an event held alongside the U.N. General Assembly each year, and leaders laid out green plans at the U.N. chief's Climate Ambition Summit.

20.09 / 16:55

UPS Provident Digital Platform Healthcare reports Features Uber Eats to roll out AI features, more payment options

Uber Technologies will accept more payment options on its food delivery platform and roll out an artificial intelligence (AI)-powered assistant to help users find deals and explore different food options, the company said on Wednesday.Uber Eats will get a dedicated section to showcase promotional offers called «Sales Aisle». The new features are set to roll out this year or in 2024.

20.09 / 16:15

Provident Digital Booking CEO Platform John Grisham, other top US authors sue OpenAI over copyrights

OpenAI in Manhattan federal court on behalf of prominent writers including John Grisham, Jonathan Franzen, George Saunders, Jodi Picault and «Game of Thrones» novelist George R.R. Martin, accusing the company of unlawfully training its popular artificial-intelligence based chatbot ChatGPT on their work. The proposed class-action lawsuit filed late on Tuesday by the Authors Guild joins several others from writers, source-code owners and visual artists against generative AI providers. In addition to Microsoft-backed OpenAI, similar lawsuits are pending against Meta Platforms and Stability AI over the data used to train their AI systems.

20.09 / 13:47

Target Digital Software RBC IBM 'Fueling the Machine': IBM gets a Street-high price target at RBC

RBC analysts initiated research coverage on IBM (NYSE:IBM) with an Outperform rating and a $188 per share price target, which is a new Street high target.

20.09 / 12:45

UPS Provident FIVE Digital Platform Software Creaegis closes maiden fund at $426 million

Creaegis has announced the final close of its maiden fund at about $426 million (Rs 3,500 crore), as it looks to back startups locally. Founded by former Premji Invest managing partner and chief investment officer (CIO) Prakash Parthasarathy, the fund is expected to be largely sector-agnostic and will look to infuse growth-stage capital in Indian startups.

20.09 / 12:37

Blockchain Digital Platform performer stage Cosmos And Polkadot's Interoperability Plans Under Scrutiny, InQubeta's Unique Model Has Investors Curious

The crypto landscape is fast-evolving and contains different narratives, but one continues to gain traction: interoperability. This is the ability of blockchains to communicate and interact with one another, thereby allowing the seamless transfer of value and data across different networks. Hence, interoperability holds the key to the future development of blockchain technology, playing a crucial role in the creation of more complex and robust decentralized applications (dApps).

20.09 / 12:21

Blockchain Provident BTC BLOCK Digital Platform Bitcoin Crypto Exchange Bullish Applies for License in Hong Kong - Can this new Bitcoin Fork list on the exchange?

Crypto Exchange Bullish, in its strategic pursuit for international expansion, has taken a significant step in applying for a license in Hong Kong, a move that could potentially shape the future of cryptocurrency trading. Digital asset exchange Bullish has a registered office in Gibraltar and has a global presence. Bullish intends to navigate the cryptocurrency market's complex regulatory landscape.

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