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On October 24, Sarvam AI, an artificial intelligence (AI) firm supported by Lightspeed, unveiled Sarvam 1, a Large Language Model (LLM). According to a tweet on X (previously Twitter), the business says it is India's first indigenous multilingual LLM, trained from scratch on domestic AI infrastructure in ten
On 24 October, Go Digit General Insurance announced that the Insurance Regulatory and Development Authority of India (IRDAI) had sent it a show-cause notice because its expenses for the six months ended September 2024 were higher than allowed. According to Go Digit's Q2FY25 financial results notes, the company&
The new and extended Living Labs, which are a part of a worldwide network of more than 12 existing facilities, were recently launched by Indian technology company Infosys. These labs will assist clients in accelerating innovation and utilising emerging technologies to future-proof their businesses. The Bengaluru-based business also revealed plans
According to multiple media sources, the Indian food delivery giant Swiggy is lowering its target by 10–16% because of market volatility, with the business aiming internally for a corporate valuation of $12.5 billion–13.5 billion for its impending IPO. Prior to this week's launch by
According to various media reports, Jio Financial Services Ltd., which is owned by billionaire Mukesh Ambani, has discussed forming an insurance partnership with Allianz SE in India as the German company looks to end two current joint ventures in the nation. Jio Financial and Allianz are seeking to open a
According to various reports, food delivery firm Zomato raised its platform charge by almost 43% before Diwali celebrations, from INR 7 to INR 10 per order, in order to "keep Zomato running" and preserve services during the holiday season. Similarly another media report cited that Swiggy, another major
According to reports, Sidharth Shakdher has been named the new Chief Marketing Officer (CMO) and Business Head of Paytm, a fintech company. Within nine months of joining the company run by Bhavish Aggarwal, Shakdher left Ola. Among other accomplishments, he was instrumental in the establishment of the consumer loans section,
In a LinkedIn post, Blinkit Chief Technology Officer Sajal Gupta announced the debut of Seller Hub, the seller programme for Zomato's rapid commerce platform, on October 23, 2024. This business structure is based on Fulfilled by Amazon (FBA), which is an e-commerce service offered by Amazon. Brands and
After Delhi and Kolkata, the ride-hailing app Uber plans to test its bus (shuttle) service in Hyderabad and Mumbai. The company is currently negotiating with a number of local stakeholders to obtain approval to launch in the nation's IT hub. In an interview with the media, Prabhjeet Singh,
The multinational technology company Meta and Infosys, a pioneer in next-generation digital services and consulting, bolstered their partnership on October 23, 2024, to promote generative AI innovation through open-source projects. Infosys is a firm believer in democratising AI and is a major supporter of open-source software. By utilising Meta'
📝Interviews
In this exclusive interaction with StartupTalky, Mr. Tapan Sangal, the founder of MAI Labs, shares about his passion for technology which can make a fair digital world. Inspired by the potential of decentralization, Mr. Sangal shares how MAI Labs is breaking down barriers through its innovative KALP blockchain platform and
According to reports, WeWork India, a joint venture between the American co-working giant WeWork and the Bengaluru-based real estate company Embassy Group, is considering preparations for an initial public offering (IPO). WeWork India is looking to go public with a target valuation of $2 billion to $2.5 billion. JM