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☆ Meet Glean, the enterprise AI search company that's so powerful Sam Altman deemed it a threat to OpenAI
▼ + stars: | 2024-10-31 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +10 min

Among them are Anthropic, Elon Musk's xAI, OpenAI cofounder Ilya Sutskever's Safe Superintelligence, and AI search startup Perplexity. The last of the five rivals, and perhaps the least well-known, is Glean, an enterprise search assistant. Founded in 2019 by Rubrik cofounder and ex-Googler Arvind Jain, Glean helps corporate workers find information across their companies' tools and data. Related Video Sam Altman moves to Microsoft after OpenAI fires him as CEOThe company enables AI search by integrating apps like Slack and Dropbox and powering search across their company's universe of data. AdvertisementBesides enterprise search, Glean also has an AI assistant that generates answers based on search results, such as summarizing the day's Slack messages or synthesizing multiple documents.

Persons: Glean, Jain, —, Sam Altman, Elon Musk's, Ilya Sutskever's, Googler Arvind Jain, Kleiner Perkins, Deedy Das, Larry Page, Das, Bipul Sinha, Rubrik, Mamoon Hamid, Vishwanath, Tony Gentilcore, Piyush Prahladka, …, Arvind, Hamid, Paul, Rajeev Dham, they're, Slack, Altman, It's Organizations: Google, Service, Elon Musk's xAI, DST Global, Sapphire Ventures, Sequoia, Microsoft, Sony Electronics, Entrepreneurship, Indian Institute of Technology, IIT, Menlo Ventures, IIT Delhi, University of Washington, Akamai Technologies, Technology, YouTube, Kleiner Locations: Jaipur, Indian, IIT Delhi, India, Glean, Seattle

☆ India wants to become a semiconductor powerhouse, but it can't do it on its own
▼ + stars: | 2024-09-26 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

Bhatnagar pointed to how Taiwan's Powerchip Semiconductor Manufacturing Corporation will help India's Tata Electronics to build the country's first 12-inch wafer fab in Gujarat. However, analysts said India first needs to learn the ropes before it can compete with the East Asian giant, especially since its semiconductor manufacturing industry is still at a very nascent stage. "India is far behind China in semiconductor manufacturing. Earlier in September, the U.S. Department of State announced it will partner with the India Semiconductor Mission and India's electronics and IT government body to improve the global semiconductor value chain. "We are encouraging [the] semiconductor industry in a big way.

Persons: Narendra Modi, Eri Ikeda, Trendforce, Bhatnagar, Rishi Bhatnagar, Ikeda, Cozying, Biden, Modi, Jensen Huang, Sundar Pichai, Huang, Thomas Caulfield, Lisa Su, Tarun Pathak, CNBC's Tanvir Gill, Goldman Sachs Organizations: Dixon Technologies, Bloomberg, Getty, India, Indian, CNBC, Department of Management Studies, Indian Institute of Technology, Semiconductor Manufacturing Corporation, Tata Electronics, Micron Technology, Devices, Tata Group, East, External, of Engineering, U.S . Department of State, India Semiconductor, Nvidia, Google, Hindustan Times, AMD, Counterpoint, Apple, Counterpoint Research Locations: Uttar Pradesh, India, Indian Institute of Technology Delhi, Taiwan, China, South Korea, U.S, Japan, Gujarat, American, China India, New York, New Delhi, Beijing

☆ At least 7 stars in our galaxy have the potential to harbor advanced alien technology, researchers find
▼ + stars: | 2024-06-27 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

Read previewIn the search for intelligent alien life, finding a Dyson sphere would be like hitting the jackpot. Dyson spheres are a hypothetical, super-advanced form of alien technology that may surround seven stars in our galaxy. Love Employee/Getty ImagesDespite what the name suggests, a Dyson sphere isn't necessarily one solid sphere that encases a star, although the most advanced ones could be. AdvertisementFor their study, Majumdar and colleagues analyzed more than 5 million stars throughout the Milky Way that exhibit IEEs. Next, the researchers will look closer at these seven strong Dyson sphere candidates using spectroscopic analysis, Majumdar said.

Persons: —, Freeman Dyson, Suman Majumdar, Majumdar, Dyson, Jason Wright, Boyajian, Gaia, Wright Organizations: Service, Business, Royal Astronomical Society, Indian Institute of Technology, Penn State University, Dyson, ESA, Gaia, Space Agency, Louisiana State University

☆ New Delhi’s Iron Pillar has been exposed to the elements for centuries. So why hasn’t it ever shown signs of rust?
▼ + stars: | 2024-05-07 | by ( Poonam Binayak | ) edition.cnn.com time to read: +7 min

The Quwwat-ul-Islam mosque is part of the UNESCO-listed Qutb Minar complex. Scientists both in India and abroad began studying the iron pillar in Delhi in 1912 to try to figure out why it hadn’t corroded. Stuart Forster/ShutterstockBeyond its metallurgical intrigue, the origin of the Iron Pillar is also veiled in mystery. In the epic poem “Prithviraj Raso,” penned by Chand Bardai, a courtier in the Chahamana dynasty under King Prithviraj Chauhan, the Iron Pillar holds great significance. “Bardai describes the Iron Pillar in Raso as a nail holding the Earth on the hoof of Sheshnag, the serpent king in Hindu mythology,” says Vikramjit.

Persons: Qutb, Anders Blomqvist, Balasubramaniam, Stuart Forster, Gupta, Chandragupta II, Vikramaditya, Vishnu, It’s, Garuda, Vikramjit Singh Rooprai, King Vikramaditya, Siddhanta, ”, Raja Anangpal, Qutbuddin, Prithviraj Raso, Chand Bardai, King Prithviraj Chauhan, “ Bardai, “ Raso, Anangpal, Qutub, Ravi Pratap Singh, Pragya Nagar Organizations: CNN, New Delhi’s UNESCO, UNESCO, Indian Institute of Technology, National Metallurgical Laboratory, Indian Institute of Metals, Varāhamihira, ASI, Survey Locations: Mehrauli, Islam, India, Delhi, Kanpur, Varah, Udayagiri Caves, Vidisha, Madhya Pradesh, “, Mihirapuri, Tomar, Raso

☆ Fossil found on a beach by tween reveals massive marine reptile
▼ + stars: | 2024-04-20 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Editor’s Note: A version of this story appeared in CNN’s Wonder Theory science newsletter. CNN —As Earth Day approaches and the Wonder Theory newsletter celebrates three years of arriving in your inboxes, I look to the future with hope. “And it’s up to you to choose what sort of impact you make.”Ocean secretsDr. Dean Lomax, (from left) Ruby Reynolds, Justin Reynolds and Paul de la Salle are shown with the fossil discovery in 2020. Dean LomaxIn May 2020, Ruby Reynolds, then 11, and her father, Justin, were searching for fossils on a Somerset beach along the English coast when she spotted something unusual. And when it came to sheer size, the marine reptile likely rivaled the blue whale, currently the largest living animal.

Persons: Jane Goodall, Goodall nurtures, Goodall, ” Goodall, Dean Lomax, Ruby Reynolds, Justin Reynolds, Paul de, Justin, ”, Gaia BH3, Nigel Raine, Dr, Matt Kasson, Ashley Strickland, Katie Hunt Organizations: CNN, Paul de la Salle, Indian Institute of Technology, ESA, West Virginia University, Explorations, NASA, International, CNN Space, Science Locations: Somerset, India, Indian Institute of Technology Roorkee, Guatemala, France, Australia, Naples , Florida, what’s, Canada

☆ Colossal, 50-foot prehistoric snake discovered in India
▼ + stars: | 2024-04-18 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

CNN —A giant prehistoric snake longer than a school bus slithered around what is now India 47 million years ago, according to new research. A panoramic view of Panandhro Lignite Mine, in western India's Gujarat state, shows the fossiliferous level (red arrow) where the giant snake Vasuki indicus was found. However, the snake would have rivaled the largest known snake species — the extinct Titanoboa — in size. Snake size and the role of climateSnakes are cold-blooded and need heat from the environment to survive. Datta and Bajpai said the snake lived in a coastal marsh and swamp.

Persons: dwarfing, indicus, Shiva, Debajit Datta, Sunil Bajpai, ”, Datta, Verma Debajit, Bajpai, Titanoboa, Vasuki Organizations: CNN, Indian Institute of Technology Locations: India, Indian Institute of Technology Roorkee, Uttarakhand, India’s Gujarat, India's Gujarat, Colombia

☆ I invested most of my salary for 7 years and had enough to retire at 29. My best tips: Start young, take risks, and don't settle in expensive cities.
▼ + stars: | 2024-03-27 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +7 min

Daniel George worked at Google X and then as a VP at JPMorgan after receiving his Ph.D. in 2018. After finishing my Ph.D. at 24 in 2018, I worked at Google X, leading AI for secret early-stage moonshot projects. When I started working at Google X in Mountain View, California, I made about $270,000 a year. Learn to negotiate payFor my first job at Google X, I was given an offer right after grad school and accepted it immediately. Find a partner who has similar goalsMy wife and I met at Google X.

Persons: Daniel George, —, JP Morgan Organizations: Google, JPMorgan, Service, Indian Institute of Technology, University of Illinois, Invest Locations: Kerala, India, Indian Institute of Technology Bombay, University of Illinois Urbana, Champaign, Illinois, San Francisco , New York, Seattle, View , California

☆ WorldQuant is launching its global investing competition. It's another example of hedge funds getting creative in the hunt for talent.
▼ + stars: | 2024-03-18 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Where the Connecticut-based manager sets itself a part from peers and rivals is with its talent strategy. "Talent is global, opportunity is not," the website states. In this three-stage competition, students and academics from around the world can submit math models predicting market moves for a chance to win a piece of the $400,000 prize pool. Out of those 60,000, 4,000 have received part-time contracts from WorldQuant and have been given access to even more data and tools. For Tulchinsky, born in Soviet-era Belarus, the competition and the BRAIN platform are a chance to see the best work from untraditional places.

Persons: WorldQuant, Igor Tulchinsky, — Nihar Patel, Vaibhav Gupta, — Patel, Gupta Organizations: Service, Business, Indian Institute of Technology, Ivy League Locations: Connecticut, Singapore, Indian Institute of Technology Delhi, Bahamas, WorldQuant, Belarus

☆ Indian scientists hope cloud seeding can clean Delhi's toxic air
▼ + stars: | 2023-11-09 | by ( Shivam Patel | ) www.reuters.com time to read: +3 min

Air quality dips in Delhi ahead of winter every year, when cold air traps pollutants from a variety of sources including vehicles, industries, construction dust, and agricultural waste burning. The project, estimated to cost 10 million rupees ($120,000) for 100 square kilometres (38.6 square miles), would involve spraying into clouds a mix of salts that include silver iodine, Agrawal said. "We don't expect that big a cloud that will cover entire Delhi, but a few hundred kilometres would be good," he told Reuters. The air quality index in the city was 506 early on Thursday, which is categorised as "hazardous" by Swiss group IQAir. Several countries have used cloud seeding to produce rain, improve air quality and water crops in time of drought, including Mexico, the United States, China, Indonesia and Malaysia.

Persons: Anushree, Manindra Agrawal, Agrawal, Gufran Beig, SAFAR, Beig, Shivam Patel, Mark Potter Organizations: REUTERS, Indian Institute of Technology, Reuters, Thomson Locations: New Delhi, India, DELHI, Delhi, Kanpur, Punjab, Haryana, Mexico, United States, China, Indonesia, Malaysia, New Mexico

☆ Alphabet chief Pichai labored in trenches but rose to defend search giant
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

The move was done to give Page fewer direct reports and product units to oversee. * Pichai became CEO of Google in 2015 and all of Alphabet in 2019. * Alphabet, Google's parent company, has a long list of other businesses. Since Pichai became CEO, it acquired Fitbit in 2021 and the security company Mandiant in 2022. * Pichai's total compensation was about $226 million in 2022, more than 800 times the median employee's pay, the company said in a securities filing in April.

Persons: Sundar Pichai, Joe Biden, Narendra Modi, Evelyn Hockstein, Larry Page, Andy Rubin, Page, Pichai, Bard, Diane Bartz, Jonathan Oatis Organizations: Google, U.S, India's, White, REUTERS, Rights, Big Tech, Wharton, Stanford University, Indian Institute of Technology, McKinsey & Co, Thomson Locations: Washington , U.S, Washington, Madurai, Tamil Nadu, India, Indian Institute of Technology Kharagpur

CNN —A search and rescue operation has been launched for more than 100 missing people in India’s northeast after flash floods ripped through the Himalayan state of Sikkim Wednesday, killing at least 14 people and washing away roads and bridges, according to the state government. Known as the rooftop of the world, the ecologically-sensitive Himalayan region is prone to flash floods and landslides and flooding is not unusual in Sikkim. High water levels in the Teesta river in Sikkim, India, on October 4. Rising water levels of the Teesta river in Sikkim, India, after flash flooding indundated the region. About 2,000 people were evacuated after the flash floods in Sikkim.

Persons: Prem Singh Tamang, Narendra Modi, ” Organizations: CNN, Indian Army, of, Indian Space Research Organization, ISRO, ” ISRO, state’s Disaster Management Authority, Sikkim’s Department of Science, Technology, . Indian Army, India Meteorological Department, Indian, Indian Institute of Technology Locations: India’s, Sikkim, Lhonak, Sikkim’s, India, of Sikkim, Lhonak Lake, Pakyong, Gangtok, Pakistan, Peru, China, Government, Indian Institute of Technology Guwahati, Uttarakhand

NO ARCHIVES Acquire Licensing RightsCompanies Early Warning System GmbH FollowNEW DELHI, Oct 6 (Reuters) - Scientists and government authorities were working on an early warning system for glacial floods at a Himalayan lake in northeast India when it broke its banks this week with deadly consequences. If fully operational, the warning system could have given people more time to evacuate, scientists said. One scientist said glacial early warning systems can typically give residents a few minutes to an hour of notice. Details of the Lhonak Lake warning system have not previously been reported. "Such kind of events are so fast that even if we have some kind of early warning system ... we may only gain some minutes, maybe an hour," he said.

Persons: Wang Chen, geoscientist Simon Allen, Kamal Kishore, Farooq Azam, Ali Withers, Gloria Dickie, Shivam Patel, Cynthia Osterman Organizations: Adarsh gaon, REUTERS, NEW, Reuters, University of Zurich, Disaster Management Authority, Indian Institute of Technology, Thomson Locations: Teesta, Singtam, Sikkim, India, NEW DELHI, Swiss, Lakes, Pakistan, China, Nepal, Bhutan, Shako Cho, Indian Institute of Technology Indore, Copenhagen, Amsterdam, Delhi

☆ The Oldest Plant-Eating Dinosaur Has Been Found in India
▼ + stars: | 2023-08-19 | by ( Meenakshi J | ) www.nytimes.com time to read: +1 min

The Thar Desert today is a scorching region in western India’s Rajasthan state. It is the first of that group discovered in India, and the oldest ever found in the world’s fossil record. The all-Indian team that discovered the species named it Tharosaurus indicus, referencing the Thar Desert, and its country of origin. Dicraeosaurids like Tharosaurus indicus are part of a larger group called diplodocoid sauropods. Earlier theories suggested that India was inhabited only by the predecessors of diplodocoids.

Persons: Sunil Bajpai Organizations: Indian Institute of Technology Locations: India’s Rajasthan, India, Africa, Americas, China, Indian Institute of Technology Roorkee

REUTERS/Dado Ruvic/IllustrationBENGALURU, Aug 7 (Reuters) - Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. An initial public offering (IPO) is now being planned in the next 12-18 months, Bansal added. Meesho, which was founded by Indian Institute of Technology graduates Vidit Aatrey and Sanjeev Barnwal, clocked more than 1 billion orders in the last 12 months. Many Indian startups have fired thousands of employees and cut costs aggressively in recent months. Last week, Indian food delivery giant Zomato (ZOMT.NS) also posted its first-ever profit.

Persons: Dado Ruvic, Meesho, Japan's SoftBank, Dhiresh Bansal, Bansal, Vidit Aatrey, Sanjeev Barnwal, Meesho's, Munsif, Aditya Kalra Organizations: REUTERS, Amazon, Meesho, Reuters, Indian Institute of Technology, Vidit, Thomson Locations: Bengaluru

☆ Microsoft-backed AI4Bharat set to raise $12 million funding from Peak XV, Lightspeed
▼ + stars: | 2023-07-07 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

July 7 (Reuters) - AI4Bharat, a start-up backed by Microsoft (MSFT.O), is raising $12 million from venture capital firms Peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter. Most seed rounds are usually up to $1 million to $2 million. AI4Bharat, Peak XV and Lightspeed did not immediately respond to Reuters' requests for comment. The investment is among the first from Peak XV Partners after rebranding from Sequoia Capital India and SEA following a split with its U.S.-based parent fund last month. Indian AI start-ups have raised $583 million this year, as of June, according to data from Venture Intelligence.

Persons: OpenAI's ChatGPT, Nandan Nilekani, Rudder, Yuvraj Malik Organizations: Microsoft, Lightspeed Venture, Indian Institute of Technology, Infosys, National Payments Corp, XV Partners, Sequoia Capital, SEA, Venture Intelligence, Thomson Locations: Madras, India, Sequoia Capital India, Bengaluru

☆ Applied Materials to invest $400 million in India for new engineering center
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - U.S. semiconductor toolmaker Applied Materials (AMAT.O) will invest $400 million over four years in a new engineering center in India, the company said on Thursday. Indian Prime Minister Narendra Modi had met with the company's CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country. Modi also met Tesla (TSLA.O) CEO Elon Musk after which the automaker's top boss said the company will try to be in India "as soon as humanly possible." Applied currently operates across six sites in India and works closely with Indian Institute of Science, Bangalore and the Indian Institute of Technology in Mumbai, two of the country's prestigious institutions. Reporting by Akash Sriram in Bengaluru; Editing by Anil D'Silva, Sriraj Kalluvila and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Narendra Modi, Gary Dickerson, Electric's, Modi, Tesla, Elon Musk, Akash Sriram, Anil D'Silva, Sriraj Organizations: Indian, Hindustan Aeronautics Ltd, Indian Institute of Science, Indian Institute of Technology, Thomson Locations: India, Washington, Bengaluru, Bangalore, Mumbai

[1/2] Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. REUTERS/Anushree FadnavisWASHINGTON, June 12 (Reuters) - Twitter was threatened with shut down in India, Nigeria and Turkey unless it complied with orders to restrict accounts, with India wanting to curb journalists' and protesters' use of the social media platform, co-founder Jack Dorsey said on Monday. Dorsey quit his Twitter CEO role in 2021 and the social media platform was purchased by billionaire Elon Musk in 2022. We fought Turkey in their courts and often won, but they threatened to shut us down constantly," he said. Advocacy groups have raised concerns about the human rights situations in India, Turkey and Nigeria.

Persons: Jack Dorsey, Fadnavis, Dorsey, Elon Musk, Narendra Modi, Muhammadu Buhari, Kanishka Singh, Simon Cameron, Moore Organizations: Indian Institute of Technology, REUTERS, Twitter, YouTube, Bharatiya Janata Party, BJP, Thomson Locations: New Delhi, India, Fadnavis WASHINGTON, Nigeria, Turkey, Washington

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. A team behind the decentralized social messaging app Damus, which is backed by Twitter co-founder Jack Dorsey, said on Tuesday that Apple could remove the app from its App Store within 14 days. The move could stall one plan to ease the use of bitcoin and turn it into a more convenient transnational digital currency. In its tweet, Damus said that Apple is worried that zaps could be used by content creators to sell digital content on its platform. They don't sell ads, and don't collect and sell user data, which are the classic ways that social networks make money.

Persons: Jack Dorsey, Damus, Apple, zaps, Dorsey, Tim Cook, Elon Musk, Musk, Ron DeSantis Organizations: Indian Institute of Technology, Twitter, Apple, Lightning, Damus, CNBC, Elon Locations: New Delhi, India

MUMBAI/SINGAPORE, June 1 (Reuters) - KKR & Co (KKR.N) is moving a managing director from India to Singapore to lead the firm's Southeast Asia private equity business, two familiar with the matter sources told Reuters, bolstering its personnel in the region. Kumar will work with Ashish Shastry, a partner who heads Southeast Asia and co-heads the firm's Asia Pacific Private Equity business. The move also comes as KKR strengthens its presence in India and Southeast Asia. It raised $15 billion for its fourth Asia-Pacific focused private equity fund in 2021, one of the region's largest for the asset class. KKR has been investing in Southeast Asia since 2005, and opened its Singapore office in 2012.

Persons: Prashant Kumar, Kumar, Ashish Shastry, Vini, Gaurav Trehan, Trehan's, Akshay Tanna, Sriram, Kane Wu, Mark Potter Organizations: KKR, Co, Asia Pacific Private Equity, The Wharton School, Indian Institute of Technology, JB Chemicals, TPG Inc, TPG, Associations, Reuters, Healthcare, Thomson Locations: MUMBAI, SINGAPORE, India, Singapore, Asia, Mumbai, Southeast Asia, Pacific, Philippines

☆ AI pioneer quits Google to warn about the technology’s ‘dangers’
▼ + stars: | 2023-05-01 | by ( Jennifer Korn | ) edition.cnn.com time to read: +4 min

He worked part-time at Google for a decade on the tech giant’s AI development efforts, but he has since come to have concerns about the technology and his role in advancing it. In a tweet Monday, Hinton said he left Google so he could speak freely about the risks of AI, rather than because of a desire to criticize Google specifically. “I left so that I could talk about the dangers of AI without considering how this impacts Google,” Hinton said in a tweet. OpenAI, Microsoft and Google are at the forefront of this trend, but IBM, Amazon, Baidu and Tencent are working on similar technologies. Obviously, I no longer think that.”Even before stepping aside from Google, Hinton had spoken publicly about AI’s potential to do harm as well as good.

☆ Block misses on earnings but beats on revenue, gross profit
▼ + stars: | 2023-02-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +1 min

Block stock rose about 3% in extended trading after the payments company reported fourth-quarter earnings that missed Wall Street expectations, but posted strong growth in gross profit. Here's how Block did versus Refinitiv consensus expectations:EPS: $0.22, adjusted, versus expectations of $0.30$0.22, adjusted, versus expectations of $0.30 Revenue: $4.65 billion versus expectations of $4.61 billionBlock posted $1.66 billion in gross profit, up 40% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company's core transactional businesses. Its Cash App business reported $848 million in gross profit, a 64% year-over-year rise, according to Block. Its point-of-sale business, Square, saw gross profit grow 22% on an annual basis to $801 million.

☆ Glacial lake floods threaten communities in Asia, South America
▼ + stars: | 2023-02-07 | by ( Gloria Dickie | ) www.reuters.com time to read: +3 min

The risk comes when a lake overfills, bursting through its natural barrier and sending a torrent of water rushing down mountain valleys. In the high mountains of Asia, some 9 million people live near more than 2,000 glacial lakes. "The impacts are already visible as the glacier is thinning and retreating," said Farooq Azam, a glaciologist at the Indian Institute of Technology Indore who monitors Chhota Shigri. During the same time period, Himalayan glacial lakes increased by about 9% in number, and 14% in area. More than 200 lakes now pose a very high hazard to Himalayan communities, according to 2022 research.

☆ India tests domestic operating system days after Google's antitrust setback
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] Commuters watch videos on their mobile phones as they travel in a suburban train in Mumbai, India, April 2, 2016. REUTERS/Shailesh Andrade/File Photo/File PhotoNEW DELHI, Jan 24 (Reuters) - India's government on Tuesday tested locally developed mobile operating system BharOS, a move seen as challenging the dominance of Google's Android just days after the U.S. giant suffered a major antitrust setback in the country. The government endorsement of the operating system comes after Google lost its fight in India's Supreme Court to block an antitrust order that will force the company to change how it markets its Android operating system. Prime Minister Narendra Modi has been pushing for self-reliance to boost and promote everything from local manufacturing to domestic startups. The operating system has been developed by a startup incubated at an Indian Institute of Technology in southern India.

☆ Jack Dorsey admits mistakes at Twitter, and says the site still has problems
▼ + stars: | 2022-12-13 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +1 min

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Twitter co-founder and CEO Jack Dorsey didn't mention Elon Musk by name. At the beginning of his post, Dorsey said he's come to believe in three principles. "The Twitter when I led it and the Twitter of today do not meet any of these principles," Dorsey wrote. Musk, who closed his $44 billion acquisition of Twitter in October, has rolled back many of the old moderation policies.

But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations. In a statement to Reuters, Snapdeal said it has decided to withdraw the IPO prospectus "considering the prevailing market conditions", without elaborating. It adding that Snapdeal may reconsider an IPO in future depending on its need for capital and market conditions. The change of Snapdeal's plans comes as tech stocks in India that listed in recent years face investors' wrath. In August, TPG and Prosus-funded Indian online pharmcy PharmEasy withdrew papers for its $760 million IPO, while Warburg Pincus-backed seller of wireless earphones, boAT Lifestyle, also withdrew its papers in October.

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