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

The claims raised by vendors against embattled edtech firm BYJU's before the National Company Law Tribunal (NCLT) have touched Rs 190 crore, with handset maker Oppo filing a fresh claim of Rs 1 crore, according to sources. The mounting claims for the beleaguered company come at a time when it has not been able to access Rs 200 million funds raised through rights issues due to disputes with investors. "The total claim of Rs 190 crore has been filed against BYJU's before the NCLT. This includes Rs 1 crore claim filed by Chinese mobile company Oppo," a source said. Queries sent to BYJU's and Op ..read more

Launched in 2014, PhotoSparks is a weekly feature from YourStory, with photographs that celebrate the spirit of creativity and innovation. In the earlier 765 posts, we featured an art festival, cartoon gallery. world music festival, telecom expo, millets fair, climate change expo, wildlife conference, startup festival, Diwali rangoli, and jazz festival. Mumbai’s Tao Art Gallery exhibits the works of artists such as Vipul Prajapati, SH Raza, Sanjay Kumar, Bhartti Verma, and Smita Mandlik. A recent exhibition, titled When th ..read more

It’s time for DevSparks 2024! Happening today at Bengaluru Marriott Hotel Whitefield, DevSparks 2024 is bringing together India’s top developers, technologists, enterprise leaders, and industry experts all under one roof to build India's tech future. Check out our stellar speakers lineup! In other news, IN-SPACe, the Indian National Space Promotion and Authorisation Centre, has released Norms, Guidelines, and Procedures (NGP) to boost the implementation of the Indian Space Policy 2023. Meanwhile, the Asian Development Bank is open to funding the space sector in India besides focusing on ..read more