The stage was set for YourStory’s first-ever developers’ conference, DevSparks 2024, on Saturday, May 4, where over 1,000 developers, technologists, enterprise leaders, tech entrepreneurs, industry experts, and tech enthusiasts, had come together—all under one roof—to set the ball rolling and build India’s tech future.  The day-long conference also served as a platform for developers to showcase their latest and most relevant innovations to potential employers and investors, and the who’s who of India’s tech ecosystem graced the event to share their insightful ideas. During the inaugura ..read more

Bhavesh Gupta, the President and Chief Operating Officer of One97 Communications, the parent company of Paytm, has resigned from his position, along with Varun Sridhar, the Chief of subsidiary Paytm Services Pvt Ltd. "Bhavesh Gupta, President and Chief Operating Officer, who was overseeing the payments and lending businesses, has decided to take a career break due to personal reasons," One97 Communications said in a BSE filing. It added, "He will be transitioning to an advisory role, offering guidance for Paytm’s growth initiatives until the end of the year. The leadership will focus on prof ..read more

Ola Founder Bhavish Aggarwal joined issue with OpenAI Founder Sam Altman for his statement that Indian companies can't build products like ChatGPT, and said that his AI startup Krutrim would show how it's done. Responding to a question from the audience on improving AI adoption at DevSparks 2024, YourStory’s developer summit, Aggarwal said, "All these large western computing companies make you believe that AI is so hard to do and it's only us (the global tech companies) who can do it." He said that OpenAI's CEO Altman had said Indians wouldn't be able to make a product like ChatGPT. “We will ..read more

Digital public infrastructure must be built to create population-scale systems, and India has shown to the rest of the world that we can continue to build digital open infrastructure on top of which private innovation can thrive, said Pramod Varma, Co-founder, FIDE and Chief Architect, Aadhaar and India Stack. “That jugalbandi (duet) between an open playground and thousands of entrepreneurs creating new opportunities on top of it is a brilliant combination by which you can push economic development. It is both innovative and inclusive,” Varma told a packed audience during a fireside chat at ..read more

Software industry experts speaking at DevSparks 2024—YourStory's summit for developers—called upon programmers to grab the opportunities presented by artificial intelligence (AI) and generative artificial intelligence (GenAI) and build fresh products. The speakers were part of a panel discussing "AI: Supercharging Developer Workflows" and agreed that the AI era had just begun and there was a long way to go still, but they were already reaping the benefits offered by the technological advances. Aaritya CEO Dale Vaz said, “GenAI is truly transformational, and it helps in making one’s journey v ..read more

At the first-ever developer summit, DevSparks 2024, YourStory, in association with 100x Engineers, hosted Generative AI Buildathon. Celebrating the 15-year legacy of being at the forefront of the Indian startup ecosystem, the YourStory Gen AI Buildathon underscores the commitment to pioneering entrepreneurs by harnessing the creative potential of Gen AI technologies.  The one-of-its-kind online hackathon has been conceptualised to revolutionise how we solve real-world problems using artificial intelligence (AI). The problem statements and their solutions ranged across various domains—la ..read more

Artificial intelligence (AI) is a once-in-a-multi-generation opportunity for India to take the lead in the world of computing, said Ola Founder Bhavish Aggarwal. He further emphasised that India—as the producer of nearly 20% of the world's data—should seize the opportunity to lead in creating future technologies and surpass the West, which has defined technological advancements in the modern era. "If we, as a country, want to become the biggest economy in the world, we have to become the best in the 4-5 tech paradigms—such as AI, data centres, cloud infrastructure, semiconductors—of the fu ..read more

The surge in productivity due to advances in AI will lead to the biggest changes in modern history since the industrial revolution and result in massive wealth creation, said Surojit Chatterjee, CEO and Co-founder of Ema. “We are at the cusp of the biggest change the modern history has ever seen since the industrial revolution,” said Chatterjee, who was addressing a packed audience at DevSparks 2024—YourStory’s inaugural developer summit—through a video link from the United States. Looking back at the Industrial Revolution in the 18th century, he said, “The net increase in productivity was a ..read more

Mauritius-based Good Capital, an early-stage venture investment firm, is dedicating $25 million to invest in AI startups in India by FY25. The VC firm will invest from Good Capital Fund II's corpus of $50 million, which is expected to be used by 2027. The firm plans to invest in 15-20 AI startups across early-stage and Series-A stages. Currently, 80% of Good Capital's pipeline consists of companies leveraging AI across various industries. The VC aims to support startups from cleantech, ecommerce, edtech, healthtech, SaaS, and deeptech that empower intermediaries rather than disrupt industrie ..read more

Jitendra Gupta, CEO of fintech app Jupiter Money, dismissed allegations of layoffs made against the company as baseless and false. In a response to questions sent by Yourstory, he said that the claims stem from unreliable gossip channels and are made by disgruntled former employees with personal grievances. A post on the social media platform Grapevine had said that the Peak XV and Tiger Global-backed neobank allegedly laid off several top employees across various departments, including the Chief Product Officer, Directors of Products, multiple Product Managers, and several engineering and r ..read more