GOOGLE FOR ENTREPRENEURS
Who is Rishi Shah: The man who defrauded Goldman Sachs, Google of $1 billion
Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for orchestrating a $1 billion fraud scheme involving his healthcare advertising startup. The case has impacted major investors and drawn attention to corporate accountability.
Google Cloud’s AI push is winning clients: Thomas Kurian
Google Cloud chief sees tech infra that govt wants to put together as an opportunity to work closely with India. He says so many Indian entrepreneurs are aspiring to build the next Google... ‘we are super supportive of it’.
The life, death and rebirth of an AI-generated news outlet
Irish broadcaster Dave Fanning's defamation lawsuit involves Kasturi Chakraborty and Hemin Bakir, former journalists at BNN Breaking, revealing the impact of AI-generated news on their reputations.
Brands by scions attract VC money; Ola Electric layoffs
Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This and more in today’s packed edition of ETtech Morning Dispatch.
Listen closely: From Google smart speakers to Paytm soundboxes, these businesses are thriving in manufacturing
Making for others can be more lucrative than building a brand for themselves — this realisation has created a brigade of small contract manufacturers who are making India’s place prominent in the global electronics manufacturing services map.
Meet India's brightest young minds: Forbes unveils '30 under 30' Asia list
Forbes recently unveiled its 9th edition of the "30 Under 30 Asia" list, showcasing young leaders and innovators under 30 across the Asia-Pacific region. Among the Indian talents are Pavithra Chari of Shadow and Light, known for musical prowess, and Arpan Kumar Chandel, aka King, a rapper. Kush Jain co-founded ORama AI, aiding the visually impaired in learning Braille. Kunal Aggarwal's Credflow offers cashflow management for SMEs, while Aalesh Avlani's Credit Wise Capital provides innovative motorcycle loans. These young Indians represent diverse fields and highlight exceptional talent and entrepreneurial spirit.
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Google unleashes AI in search, raising hopes for better results and fears about less web traffic
The AI overviews are supposed to only crop up when Google's technology determines they will be the quickest and most effective way to satisfy a user's curiosity — a solution mostly likely to happen with complex subjects or when people are brainstorming, or planning. People will likely still see Google's traditional website links and ads for simple searches for things like a store recommendation or weather forecasts.
ET 40 under 40: Elite jury set to pick CEOs of tomorrow
Nita Ambani leads the 10th year of The Economic Times’ 40 under Forty listing, with a 13-member jury selecting India Inc’s future business leaders in Mumbai on May 9, including prominent figures from various industries.
Did Ankur Warikoo use steroids for body transformation? Entrepreneur responds
Ankur Warikoo, entrepreneur and author, faced speculation about his body transformation, with some suggesting steroid use. Warikoo responded, denying steroid use and emphasizing natural methods. Inspired by Farhan Akhtar, he documented his journey from 79kg to 69kg, aiming to inspire others. This transformation, devoid of shortcuts, reflects his dedication to fitness and health.
Searching for Google: Will legal hurdles threaten tech giant’s grip on India?
Having met regulatory challenges globally, Google is now facing run-ins with the Indian govt on several fronts.
PM Modi at Startup Mahakumbh; Pocket FM, Ultrahuman raise funds
Successful startup founders should support and mentor young entrepreneurs and academic institutions, Prime Minister Narendra Modi said at the Startup Mahakumbh. This and more in today’s ETtech Top 5.
Startup Mahakumbh: deeptech, data, AI take centrestage on day 2
India is possibly the world leader in AI-first startups today, Amit Kumar, director and head of digital natives business at Google Cloud India, said.
Startup Mahakumbh kicks off; Blinkit to pip Zomato soon: Deepinder Goyal
A dedicated policy for deeptech startups is on the anvil, a senior government official said at the Startup Mahakumbh on Monday. This and more in today's ETtech Top 5.
Gemini's flawed AI racial images seen as warning of tech titans' power
For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out images of Black and Asian Nazi soldiers was seen as a warning about the power artificial intelligence can give tech titans. Folks interviewed at the popular South by Southwest arts and tech festival in Austin said the Gemini stumble highlights the inordinate power a handful of companies have over the artificial intelligence platforms that are poised to change the way people live and work.
No point Googling ‘swadeshi’
A set of entrepreneurs of local internet companies are labelling Google's eviction of their apps from Play Store as hegemonic. People Group's Anupam Mittal said on X that Google's 30% commission structure was akin to a lagaan and compared the online search behemoth to the East India Company.
New-age consumer brands pulling in funds, tech no bar; and other top stories this week
At the peak of the funding winter last year, an investor told me that the pace of investment deals will continue to be slow, but the nature of companies grabbing new cash will be different. The next obvious question was: what kind of companies? Consumer brands, the person said.
Flipkart eyes quick-commerce entry; No point Googling ‘swadeshi’
Flipkart has been working to cut down the timeline of its deliveries across categories for some time now. The firm rolled out same-day delivery of products across several categories at no extra cost from February.
Indian tech's nationalist backlash against US giants: Calls for stronger antitrust measures
Indian internet companies have periodically raised concerns about the dominance of US tech giants, invoking nationalist sentiments. However, such rhetoric has not led to significant changes. For instance, when Paytm criticized Google for delisting its app from the Play Store, the issue was resolved temporarily without major policy changes. To effectively address issues of dominance and monopoly, India needs a stronger antitrust body and a faster legal process. The EU and US have seen more aggressive actions against tech giants, highlighting the need for similar measures in India.
Google, Indian apps agree on four-month truce in billing fee faceoff
Google said on Tuesday that it was restoring the status quo for hundreds of apps by ten developers including Info Edge, Matrimony.com, People Interactive, Truly Madly, Kuku FM and Altt. The truce marks a pause in the acrimonious face-off between Indian internet firms and Google over the US firm’s billing policies.
Govt looks for a fix in Google vs Indian apps; NPCI eyes evenly-sliced UPI pie
As Google and Indian internet firms face off on billing, the government is seeking a return to the status quo and a “long-term solution”. This and more in today’s ETtech Morning Dispatch.
Indian internet companies dial up fight against Google
Indian companies have asked the government to give Google a “strategic response” on what they deem to be monopolistic behaviour by the US tech major. Meanwhile, Google has maintained that its actions against the ten companies are only to make the ecosystem “fair” for a “vast majority” of developers who comply with its norms.
App delisting cannot be permitted: Minister Ashwini Vaishnaw on Google-Indian startups row
The government opposes Google's removal of Indian apps from the Play Store and emphasizes the importance of the startup ecosystem to the Indian economy. IT and Telecom Minister Ashwini Vaishnaw will meet with delisted app developers to resolve the dispute and protect their interests.
Reddit in AI content licensing deal with Google
The deal underscores how Reddit, which is preparing for a high-profile stock market launch, is seeking to generate new revenue amid fierce competition for advertising dollars from the likes of TikTok and Meta Platform's Facebook.
Apple, Google block e-SIM apps in India; Multiverse of foodfluencers
Apple and Google have blocked two e-SIM apps – Airalo and Holafly – from their Indian app stores following a government directive. This and more in today’s ETtech Top 5.
From organ transplantation to software testing, diverse set of women-led startups in Google for Startups Accelerator program: Paul Ravindranath G
The second cohort of Google for Startups Accelerator program focused on supporting women entrepreneurs and their startups become digitally empowered.
A loan from Google: Why greater financial access must come with a degree of caution
Google’s entry into MSME lending is an important step for a country with a huge financial inclusion gap. But industry experts say it would be important to focus on safety mechanisms.
One lakh rural women receive entrepreneurship skilling under nasscom foundation program supported by Google.org
The initiative has helped over 1500 women entrepreneurs to become master trainers who have in turn collectively given training to over 20,000 other marginalised women.
Entrepreneurs flag lack of ‘credence’ as IAMAI not representing their interests, favouring Big Tech
This signals a deepening of the chasm between the interests of global internet majors such as Google and Facebook and that of the local startups over issues ranging from pricing policies to digital regulations.
Most members against separate digital competition rules: internet body IAMAI
On Tuesday, ET reported that Indian internet entrepreneurs are up in arms against what they term as a lack of “credence” in IAMAI, the nodal industry grouping, and are demanding a change in the leadership of the apex body.
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