MOST INNOVATIVE COMPANIES 2023
Viacom18 bolsters its tech leadership team with three key hires
Viacom18 has appointed three key figures to its technology leadership team in an effort to enhance its OTT platform, JioCinema. This significant move includes naming Bharath Ram as Chief Product Officer and Ad Tech Platform Lead. Bharath Ram will be reporting to Kiran Mani, CEO, Digital, Viacom18.
Amazon counts on 'grit and innovation' to meet AI surge
The AI revolution is upon us with companies around the world looking to jump headfirst into the technology made famous by ChatGPT. To satisfy their generative AI urge, firms need to secure state-of-the-art software and ramp up computing power, which quickly brings them knocking on the doors of the globe's cloud computing giants, of which Amazon's AWS is the biggest.
Chinese AI firms showcase resilience, innovations at AI event despite US sanctions
The World AI Conference in Shanghai featured AI products from Tesla, Qualcomm, and Chinese firms. SenseTime debuted SenseNova 5.5 after ChatGPT. Optimism remains despite U.S. sanctions, as Huawei's Cloud Computing advocates innovation. Baidu CEO Robin Li calls for focusing on AI applications over foundational models.
OpenAI's internal AI details stolen in 2023 breach
In April, a hacker accessed OpenAI's messaging, stealing AI design details. ChatGPT stayed secure. Microsoft-backed OpenAI informed employees, not federal law enforcement. No customer data compromised. Reported by Dey, Timsina, Aich. OpenAI disrupted covert influence operations. Biden administration plans to safeguard AI. In May, 16 companies pledged to develop AI safely, addressing emerging risks.
Bot voyage: Can GenAI-based innovation ease turbulence in air travel
India's aviation sector embraces cutting-edge AI solutions to enhance customer experience, optimize operations, and propel efficiency, revolutionizing the industry dynamics.
Opinion: India's AI journey should follow a path of open innovation guided by strong governance
Stakeholders in India are focused on democratizing AI benefits and reaching a $7 trillion economy by 2030 through the Digital India mission. An open innovation ecosystem with robust governance is crucial for accelerating AI adoption responsibly and unlocking the nation's economic growth potential.
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Why did Elon Musk fail to construct underground pod transport system in Las Vegas? Know about the tunnel for Tesla cars?
Elon Musk- owned The Boring Company planned the Las Vegas Convention Center Loop, or LVCC Loop, which could be a system of tunnels where people could travel on pods. But there are no pods in the neon-colored well-constructed tunnel, there are driver-manned Tesla cars instead.
Nike stock plunges as gloomy sales forecast fans growth concerns
Nike faces stock woes and market challenges, prompting a potential shift in leadership under CEO John Donahoe's digital-focused strategy. The company's strategic pivots towards sustainability and product revamps aim to counter market pressures, signaling a critical phase for Nike's future direction and management dynamics.
In 10 years, India no longer a charity case, it's the driving force of world economy: Sanjeev Sanyal
There are no such things as poor people. They are poor places. Say two brothers grew up in Moradabad. One of them stays back in Moradabad and another went off to Dubai. After five years, one person will be earning a lot more than the other. Why does this happen? It is because places matter, says Sanjeev Sanyal
Japan’s Mitsui invests Rs 200 crore in Pune-based EKA Mobility
EKA (Pinnacle Mobility Solutions) Mobility - one of the commercial vehicle manufacturers approved under the Champion OEM (Original Equipment Manufacturer) Scheme & EV component manufacturing scheme of the Rs 25,938 crore auto PLI policy - has a strategic partnership with Japan’s Mitsui and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles.
India one of fastest-growing markets globally for Nestle, to focus on innovations
Nestle India, led by Chairman & Managing Director Suresh Narayanan, is experiencing rapid growth in the Indian market. The company is investing in new areas, including setting up a factory in Odisha, to drive long-term value.
How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs
Tesla shareholders on Thursday voted overwhelmingly in favor of restoring Musk's 10-year pay plan, valued by the company in April at $44.9 billion. It was worth more early in the year, but Tesla's stock value has fallen about 25% since then.
SAP aims to double embedded AI use cases to 100 by year-end: SAP CEO
Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships. Klein was speaking at SAP’s annual conference Sapphire, where the company unveiled generative AI innovations and partnerships.
Nvidia set to overtake Apple as world's second-most valuable company at $2.68 trillion
Nvidia could soon surpass Apple to become the world's second-most valuable company, benefitting from the surge in adoption of AI applications. Nvidia's high-end chips power virtually all AI applications, propelling its stock value to $2.68 trillion.
GetVantange invested in over 750 companies, mostly consumer facing firms in FY24
GetVantage, founded in late 2019, has funded 1,500 companies with a combined GMV of $900 million across categories ranging from B2B SaaS, subscription businesses, D2C, eCommerce, edtech, healthtech, cloud kitchens, and nutrition, among others.
Reliance and Tata recognised among the World's Most Influential Companies by TIME
Reliance Industries Limited (RIL) has been named one of the World's Most Influential Companies by TIME magazine, marking its second appearance in the TIME 100 list. Recognized in the 'Titans' category, Reliance has significantly impacted various sectors in India and beyond, under the leadership of Mukesh Ambani. Key initiatives include Jio Platforms, the world's largest refining complex, Reliance Retail, investments in new energy, and ambitious net zero goals. The inclusion highlights the growing global influence of Indian enterprises.
Govt eyes time, spend curbs to tackle gaming addiction
The government is leaning towards imposing time limits as opposed to certifying games as permissible or non-permissible through self-regulatory organisations (SRO), an official at the IT ministry said.
View: Overturn cultural practices and dogmas to spur our companies to spend on R&D
WhatsApp showcases tales of ancient glory, while global reports highlight India's rankings in hunger, press freedom, and sustainable development. India ranks 40th on the GII 2023, above all BRICS nations except China.
Instabase appoints Deepak Sharma to advisory board to drive expansion in India
Instabase announced appointment of Deepak Sharma to its advisory board to drive expansion plans in India. Sharma, a Mumbai-based digital leader and former President at Kotak Mahindra Bank, brings over two decades of expertise in scaling digital businesses. Anant Bhardwaj, CEO of Instabase, lauded Sharma's insights, highlighting his pivotal role in navigating India's digital landscape.
Foreign-themed mutual funds rally up to 80% in a year. Should you go international?
International funds, including top performers like Mirae Asset NYSE FANG+ETF FoF, showed strong growth. However, concerns arise with Sebi's restrictions on overseas ETF investments and varying earnings growth in indices like Hang Seng and CSI 300.
Responsible Innovation, how a blueprint for collaborative action is advancing global healthcare
On the occasion of the Abu Dhabi Global Healthcare Week (ADGHW), Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Centre, discusses the UAE's prioritisation of healthcare in driving investments and partnerships focusing on advancing technology and attracting top talent and fostering collaboration with India reflecting shared challenges and opportunities in healthcare. Overall, collaboration with global partners and investment in manufacturing capabilities exemplify the UAE's commitment to healthcare excellence and innovation, while initiatives like Malaffi enhance data-driven services. Read on to discover how ADGHW aims to faciliate responsible innovation in healthcare, even as the UAE emphasises patient rights protection in an era of advancing AI and data usage.
US firm becomes world's most valuable solar firm after Chinese rivals slip
First Solar Inc. becomes the world's most valuable solar manufacturer, surpassing Sungrow Power Supply Co. and ending China's dominance since 2018.
Company boards are getting younger, but balancing vitality with expertise is key to success
Organisational leadership is evolving with younger individuals joining company boards in the dynamic startup landscape. While they bring fresh perspectives and innovation, challenges arise from limited experience in governance. Diverse boards with a mix of young and experienced members are crucial for informed and adaptable strategies for long-term success.
Anand Mahindra unveils India's first electric flying taxi prototype, praises IIT Madras' innovation
Anand Mahindra, Chairman of the Mahindra Group, unveiled India's first electric flying taxi prototype, highlighting IIT Madras' role in innovation. The ePlane e200, developed by the ePlane Company at IIT Madras, aims to revolutionize intra-city commute and cargo transportation. With a travel range of 200 kilometers and speeds up to 200 kmph, the ePlane e200 signifies India's progress in electric air mobility and its emergence as an innovation hub.
Unilever wants you to wash the stains that are mostly invisible
Unilever's innovations like Persil Wonder Wash, endorsed by Usain Bolt, aim for quick rinsing. CEO Hein Schumacher targets growth as Eduardo Campanella introduces pungent variants. Keith Rutherford details daily shedding, addressing market share losses with Persil Power Wash.
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