Platform Financial News
14.11 / 05:19
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Indonesia's Indosat, GoTo launch local language AI model
Indosat Ooredoo Hutchison and its biggest tech company GoTo Gojek Tokopedia launched on Thursday the development of Sahabat-AI, a large language model ecosystem in Indonesian languages. Sahabat-AI would enable Indonesians to build artificial intelligence-based services and applications in Bahasa Indonesia and various other local languages, with the understanding of local context, the companies said in a joint statement. It is supported by AI Singapore and India's Tech Mahindra, which used Nvidia AI Enterprise software including Nvidia NeMo to train the model and enhance its general language understanding, according to the statement. Several universities and media groups will contribute to optimise it for local context and cultural relevance, it added.
14.11 / 04:41
CEO
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Chinese AI startup takes aim at OpenAI's Sora with image-to-video tool launch
BEIJING — Beijing-based Shengshu Technology on Wednesday said that its artificial intelligence-powered text-to-video tool Vidu will now be able to generate videos by combining images.
14.11 / 02:23
markets
Digital
Platform
Election
Experts
PAM
reports
Over 115,000 users leave X after US presidential election
Elon Musk acquired it in 2022, with users migrating to alternatives like Bluesky, CNN reported. More than 115,000 US users deactivated their X accounts the day after the election, and this figure only includes those who deactivated through the website, excluding mobile app users, CNN reported citing a report of digital intelligence platform Similarweb. This shift follows Musk's influential role in the US presidential election. Bluesky's user base has doubled in 90 days, reaching 15 million after gaining 1 million new sign-ups in a single week.
14.11 / 01:15
markets
Provident
Platform
security
economy
country
How NRIs can invest in Indian mutual funds
Subscribe to enjoy similar stories. MUMBAI : Mutual funds have emerged as an attractive investment vehicle for non-resident Indians (NRIs) keen on participating in India’s booming economy. Unlike direct investment in stocks, which involves cumbersome account setups, regulatory complexities, and high costs for Portfolio Investment Scheme (PIS) or Non-PIS demat accounts, mutual funds offer a streamlined and cost-effective alternative.
14.11 / 00:47
markets
Provident
Digital
Platform
Software
Experts
reports
IT engineering companies on acquisition spree to boost their BFSI business play
This week IT engineering services provider L&T Tech Services signed an agreement to acquire California-based Intelliswift for a total consideration of $110 million. Amit Chadha, the company’s chief executive and managing director, told ET that the firm plans to double the revenue of the acquired company (whose annual revenue is about $100 million) in the next three years. While half of Intelliswift’s revenue comes from high tech, the rest comes from fintech and retail, along with the private equity channel. Persistent Systems in September said it was acquiring select assets from SoHo Dragon for $4.7 million. SoHo Dragon is a Wall Street-based consulting and staffing firm primarily in the business of providing IT services to BFSI customers. The Pune based firm said at the time, “The acquisition of the select assets will help in consolidating the relationship with a strategic and large customer in the BFSI domain.”
14.11 / 00:47
markets
COST
UPS
Provident
Digital
Platform
Experts
Small companies play a big role in facilitating GPU access in India
GPU) access in India, particularly in the realm of cloud computing and artificial intelligence (AI) infrastructure, according to industry executives and experts. Neysa Velocis, Mumbai-based Neysa’s flagship platform, helps scale up AI projects using GPU infrastructure and has a diverse inventory of thousands of GPUs. Indore-based NeevCloud is a recent entrant with plans to deploy 40,000 GPUs, aiming to provide affordable and accessible GPU resources to AI researchers and developers. Bengaluru-based Jarvis Labs has access to more than 1,000 GPUs through partners and also has its own capacity in the country.
14.11 / 00:47
markets
Digital
Platform
security
Strategy
Enterprise
Experts
Pavestone marks final close of tech fund at Rs 816 crore
venture capital firm, has made the final close of its Pavestone Technology Fund, securing a total corpus of Rs 816 crore. The firm, which initially targeted raising Rs 600 crore, raised the corpus twice through the green shoe option, eventually revising it to Rs 900 crore. Through this fund, Pavestone plans to invest in 14-15 early growth-stage business-to-business (B2B) technology companies with an average cheque size of $5-10 million.
14.11 / 00:09
Provident
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social
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International
Nigeria signs $1.2 billion deal with Chinese state-owned company to revamp key gas plant
Nigeria has inked a $1.2 billion deal with a Chinese firm to revitalize a gas processing facility, a move that officials say could propel the African country to a leading position in aluminum production
14.11 / 00:09
COST
Provident
Platform
electronic
Features
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Amazon launches an online discount storefront to better compete with Shein and Temu
Amazon has launched a low-cost online storefront featuring electronics, apparel and other products priced at under $20
14.11 / 00:09
14.11 / 00:09
13.11 / 23:53
Aware
Platform
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Courts
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CCI to move Supreme Court to break logjam in Amazon, Flipkart anti-trust case
Subscribe to enjoy similar stories. New Delhi: India’s competition watchdog may knock on the doors of the country’s top court in an anti-trust case involving e-commerce majors Amazon and Flipkart, and some sellers on their platforms, two persons aware of the development said. The Competition Commission of India (CCI) is considering moving the Supreme Court to transfer to it more than a dozen writ petitions filed by these sellers in the high courts of Karnataka, Telangana, Madras and Kolkata.
13.11 / 18:23
Provident
Digital
Platform
Mobile
information
reports
prevention
Banks are reporting a tenfold surge in digital scams, cybersecurity firm BioCatch says
U.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm <a href=«https://www.biocatch.com/behavioral-biometrics-solution?utm_term=biocatch&utm_source=adwords&utm_medium=ppc&utm_campaign=Biocatch-Brand-Search-NAM-ENG&utm_content=g&hsa_acc=8099910299&hsa_net=adwords&hsa_cam=19253843024&hsa_tgt=aud-1932812498097:kwd-386778004221&hsa_kw=biocatch&hsa_ver=3&hsa_mt=e&hsa_grp=147848634158&hsa_src=» https: target="_blank">BioCatch
13.11 / 15:45
markets
Digital
Man
Google
Platform
Action
social
Europe's richest man sues the world's richest man Elon Musk for this reason
social media platform X (formerly Twitter) for using his newspapers’ content without proper payment. This legal battle involves Arnault's newspapers, Le Parisien and Les Echos, alongside French dailies Le Figaro and Le Monde, who claim X failed to negotiate content remuneration as mandated under European law. Here’s what you need to know:
13.11 / 15:03
Platform
film
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Viewers spoilt for choice as hit franchises transcend platforms
Subscribe to enjoy similar stories. Hit franchises having released initially as either theatrical films or OTT platform shows are no longer restricted to the medium they first arrived on.
13.11 / 14:41
markets
Provident
Digital
Career
Platform
Gap
students
TeamLease EdTech, Labour and Employment Ministry ink MoU to enhance employability
TeamLease EdTech on Wednesday said it has signed an agreement with the Ministry of Labour and Employment to enhance employability through work-linked degree programmes. Under this Memorandum of Understanding (MoU), TeamLease EdTech will bring around 200 work-linked degree programmes on the National Career Service (NCS) portal, each with embedded internships that provide over 5,00,000 hands-on learning opportunities. Leveraging its digital platform, Digivarsity, TeamLease EdTech will make live internship opportunities accessible to students pan India through the NCS platform, creating pathways that bridge skill gaps and prepare a job-ready workforce aligned with India's evolving job market, it said.
13.11 / 14:41
Platform
Analysis
Election
Opinion
social
consequences
Elon Musk's own AI Grok thinks he spreads misinformation. 'Yes, there is substantial evidence and...'
«Yes, there is substantial evidence and analysis suggesting that Elon Musk has spread misinformation on various topics, including elections, to a very large audience through his social media platform, X,» Grok answered. This response has led to a flurry of reactions online, with many users pointing out the irony of Musk's own creation calling him out for misinformation. The fact that Grok—an AI developed under Musk's leadership—acknowledged the issue has prompted widespread mockery and debate.
13.11 / 13:57
markets
Platform
Strategy
Matthews
Patrick
Research
Trade
Goldman Sachs' 95 new partners: The full list
It's Goldman Sachs partner day. The firm just announced a new list of 95 partners, its highest number since at least 2016, when it announced 84 new partners. The last time partners were announced, in 2022, there were only 80 on the list.
13.11 / 13:47
Provident
Platform
Entertainment
country
information
Videos
India Game Developer conference kicks off in Hyderabad
India Game Developer Conference (IGDC), a three-day initiative of Game Developer Association of India, began here on Wednesday with over 100 global and local gaming developers and publishers showcasing their immersive and interactive entertainment. According to a press release from the organisers, Sanjay Jaju, secretary, Ministry of Information and Broadcasting emphasised that the video gaming industry is essentially led by content and creativity and the ministry would work with the Game Developer Association of India to create high-quality talent at scale in the country aiming at dominating the global gaming space. Jaju said skill development in the Video Gaming Sector will get a massive uplift by the formation of Indian Institute of Creative Technology that the Centre is planning.
13.11 / 13:47
markets
Google
Platform
Strategy
Apple
reports
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Apple to announce AI wall tablet as soon as March: report
Apple is planning on launching a wall-mounted display that can control appliances, handle video conferencing and use artificial intelligence to navigate apps, Bloomberg News reported on Tuesday, citing people with knowledge of the effort. The product, code-named J490, could be announced as early as March, the report said, adding that it will spotlight the new AI platform, Apple Intelligence. Apple did not immediately respond to a Reuters request for comment.
13.11 / 13:37
UPS
Platform
Research
AJ Bell poaches Barclays Wealth manager selection chief for investment partnerships role
Aylward will join the firm's investments team, which manages a bespoke MPS for advised clients, building and managing portfolios tailored to individual specifications for adviser firms and their clients. He joins after more than seven years at Barclays Private Bank and Wealth Management, where he was head of manager selection and responsible investing, looking after a range of multi-asset and single asset solutions. AJ Bell platform AUA up 22% in 12 months to £86.5bn Before being headhunted by Barclays, Aylward spent eight months working as head of manager research at UK DC pensio...
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