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Adding 1300 last year, India now has nearly 27,000 active tech startups
According to a Nasscom report released on Wednesday, India added more than 1,300 active digital companies in the past year, bringing the country's total to 25,000–27,000.
India is still home to the third-largest worldwide ecosystem for tech startups (after the US and China).
With almost 23 added in CY2022, the nation also added the second-highest number of unicorns in the world.
In 2022, about 1,400 different businesses got investment, an increase of 18% over 2021. According to the research, 47% of these firms raised their first round in 2022.
According to the report, deep tech adoption and innovation are projected to increase among tech companies, particularly in SDG-related fields that call for sophisticated solutions.
Sundar Pichai instructs Google staff to devote 4 hours to Bard in order to make it a worthy ChatGPT rival
Google CEO Sundar Pichai is attempting to rebuild confidence in ChatGPT's rival after a hurried Beta launch, at least among staff. In an email that CNBC was able to see, Pichai urges the staff to test the AI-powered chatbot as ChatGPT's popularity and potential revenue stream continue to soar. The email was sent out a week after Google revealed Bard, its own AI chatbot, which during the presentation gave a false response. Following the demo, Google's stock significantly dropped, sending its stakeholders and investors into a tailspin.
Google has declared that LaMDA, the underlying technology used by Bard, will also be incorporated into Google Search. Users will essentially be able to search for queries and receive results that have been optimised for SEO. It will additionally feature a separate chat box with conversational results based on web searches.
Twitter Inc. closed two of its three offices in India and instructed employees to work from home
Elon Musk's mission to reduce expenses and turn the faltering social media site into a profit is highlighted by Twitter Inc.'s decision to close two of its three locations in India and order its workers to work from home.
According to persons with knowledge of the situation, Twitter closed its operations in the financial powerhouse of Mumbai and the political capital of New Delhi after terminating more than 90% of its 200+ employees in India. The company still maintains a location in Bengaluru, a southern IT hotspot, where it primarily employs engineers, according to the sources, who declined to be named because the information is confidential.
In recent years, Twitter has developed into one of India's most significant public platforms, including acrimonious political debates and the 86.5 million followers of Prime Minister Narendra Modi. Nevertheless, Musk's company doesn't make much money there, and it also has to deal with stringent content laws and a cutthroat local rivalry.
Internet Explorer is ultimately killed by Microsoft, forcing users to switch to a new browser
Internet Explorer has finally been discontinued by Microsoft. Microsoft permanently turned off Internet Explorer on Windows 10 computers. In a Microsoft Edge update, the firm announced its intention to remove Internet Explorer 11, which will prevent users from accessing it on the majority of client versions of Windows 10. In December 2022, the business made the decision to permanently discontinue support for Internet Explorer.
Microsoft revealed Microsoft Edge, a new web browser that would take the place of Internet Explorer, in 2015. Edge was created on a brand-new platform with enhanced security and performance characteristics. Nonetheless, Internet Explorer was still offered as a legacy browser in Windows even after the launch of Edge.
India permits Google and Amazon to act as online payment aggregators
A list of 32 companies that can function as online payment aggregators, including Google Pay from Alphabet Inc., Amazon Pay from Amazon.com Inc., and Reliance Payment Solutions Ltd., was released by the Reserve Bank of India on Wednesday.
The central bank stated on its website that the identities were made public in order to "disseminate information and ensure more openness." Zomato Payments Pvt. Ltd., Pine Labs Pvt. Ltd., and Infibeam Avenues Ltd. are some further entities that have been approved.
The agency stated that although applications from 18 more are still being reviewed, they are still permitted to function as payment aggregators.
While the central bank lets the large tech companies sign up digital merchants and handle client payments on their behalf, it regards big tech entering the full-fledged banking industry as a threat to the stability of the economy and local banks.
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