UBER AND PONY AI PARTNERSHIP
Uber said to be in talks to invest in US IPO of China¡¯s Pony AI
Uber has tied up with several other automated driving tech firms recently, including robotaxi operator Waymo and an undisclosed investment in Wayve Technologies Ltd. It also has a robotaxi service agreement in Abu Dhabi with China¡¯s WeRide Inc., which raised funds in an IPO in the US last month.
UnifyApps raises $20 million in round led by Iconiq Growth
Existing investors, including early-stage venture capital firm Elevation Capital, participated in the funding for the enterprise integration-focused firm. The funds will be used to expand its unified enterprise AI agent platform to push greater integration across SaaS applications. It last raised $11 million in a round led by Elevation Capital.
Nvidia's Jensen Huang in India; Go Digit, Rare Rabbit financials
Tech giant Nvidia has announced partnerships with multiple Indian technology firms and corporates including Reliance Industries, Tata Group and Infosys. This and more in today¡¯s ETtech Top 5.
Telangana Global AI Summit 2024: Making AI work for everyone
Telangana is advancing AI accessibility with the Global Telangana AI Summit, featuring the release of an AI strategy document. The state aims to leverage AI for governance challenges in education, healthcare, and agriculture. Key partnerships and innovations were highlighted, including an AI city near Hyderabad and various MOUs with tech giants.
AI solution comes to the rescue of urban poor looking for a job
Bengaluru-based Vahan.ai uses artificial intelligence to help blue-collar workforce get employment, mostly in the delivery space.
Why 'Stupid Radishes' are causing panic in China
Liu Yi, a ride-hailing driver in Wuhan, faced competition from robotaxis launched by Baidu's Apollo Go. China's rapid adoption of autonomous driving technology, approved in multiple cities, posed job loss risks for drivers. Concerns about balancing job creation and displacement surfaced, highlighting the impact of automation on employment.
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Zomato-Paytm ticketing deal; Oyo¡¯s Rs 1,000-crore funding
Zomato is looking to strengthen its ¡®going-out¡¯ business with the acquisition of Paytm¡¯s ticket booking and events business. Details on this, and more in today¡¯s ETtech Morning Dispatch.
Saudi Arabia plans $40-billion push into artificial intelligence
In recent weeks, representatives of Saudi Arabia's Public Investment Fund have discussed a potential partnership with Andreessen Horowitz, one of Silicon Valley's top venture capital firms, and other financiers, said the people, who were not authorized to speak publicly. They cautioned that the plans could still change.
Amazon Pay secures payment aggregator licence; Krutrim AI¡¯s chatbot
Amazon Pay has received a payment aggregator licence from the Reserve Bank of India (RBI). This and more in today¡¯s ETtech Top 5.
Adani seeks tie-up with Uber to accelerate super app, electric cars
Indian business tycoon Gautam Adani and Uber CEO Dara Khosrowshahi have discussed a strategic partnership to roll out Adani group's electric passenger cars on the ride-hailing platform. The partnership aims to increase Adani One's traction and accelerate the EV transition in India. Adani plans to purchase vehicles, brand them, and include them in Uber's fleet. The ride-hailing platform is on a journey to become a zero-emission mobility platform before 2040 and aims to replace its existing fleet with electric vehicles globally.
Byju's EGM in focus; Elevation's long Paytm bet
The investors have red-flagged the acquisition of Aakash Educational Services Ltd (AESL) saying Byju's agreed to ¡°onerous¡± and ¡°prejudicial¡± loan terms with Davidson Kempner (DK), among other matters.
Locally made Google Pixel phones soon; Uber CEO on India
Google may start manufacturing its flagship Pixel smartphones in India as early as next quarter. This and more in today¡¯s ETtech Top 5.
When Byju¡¯s made its presence felt, in absence; and other top stories this week
Upgrad cofounder Ronnie Screwvala huddled up with a group of founders and edtech leaders to discuss the way forward from the perception hit, which the sector has taken as a result of the doings of just one company.
ED begins Paytm probe; Tata's Neu Uber partnership
Officials from Paytm Payments Bank were summoned by the Directorate of Enforcement (ED) for interrogation earlier this week, sources have revealed, as part of an investigation into alleged breaches of the Foreign Exchange Management Act (Fema) by entities using its services.
TikTok owner ByteDance's chief warns against mediocrity as AI brings disruption
ByteDance CEO Liang Rubo warned employees about the company's complacency and lack of attention to AI technology. He mentioned the delayed recognition of the GPT-1 machine learning technique. ByteDance, known as the App Factory, has been slow to join the AI race. Liang highlighted ByteDance's late start on AI foundation models and the impact of internal red tape on project timelines. He urged the company to streamline its processes and avoid unnecessary delays.
Uber bets big on India¡¯s tech talent, incentivises innovation around sustainability
Manikandan Thangarathnam, Senior Director, Engineering, Uber India, on Uber's transformative journey and insights into its future projects
Uber announces startup challenge to fast-track adoption of sustainable mobility
Uber will awards the winning startup a grant of $120,000 (about Rs 1 crore), and the top three entries would be given mentorship sessions with the tech leadership of Uber in India.
Uber Eats to roll out AI features, more payment options
Uber Eats will get a dedicated section to showcase promotional offers called "Sales Aisle". The new features are set to roll out this year or in 2024. Food delivery platforms have been investing in AI as they attempt to offer a more curated service and make their apps more convenient.
When billionaires Mukesh Ambani and Anand Mahindra had to book an Uber taxi
Anand Mahindra and Mukesh Ambani were part of India business delegation at India-US Hi-Tech Handshake event. The billionaires had to hail an Uber taxi when they missed the group shuttle bus to the next lunch engagement. Prime Minister Narendra Modi and US President Joe Biden had attended the event.
Credit cards overshadow debit card usage; IT headcount may fall in Q1
India's digital payments landscape is undergoing a transformative shift as credit cards gain prominence. Recent data from the Reserve Bank of India reveals a significant rise in credit card transactions, surpassing the traditionally dominant debit card usage.
Exclusive: OpenAI¡¯s Sam Altman talks to ET; Paymate to refile IPO papers
Large companies operating in the artificial intelligence (AI) space should be regulated but this should not affect startups, Sam Altman, founder and CEO of OpenAI that developed ChatGPT, said in a conversation with ET.
Relief for Ola, Uber, Rapido as Delhi HC lifts curbs on bike taxis; India, EU to work on tech rules
Happy Friday! Good vibes coming your way as we start the weekend. Also some relief for Ola, Uber and Rapido as the Delhi High Court set aside the order banning bike taxi operators from plying in the national capital. This and more in today¡¯s edition of ETtech Top 5.
Google permits alternative billing system, but developers cry foul; Uber looks to partner with private taxi operators
Complying with Competition Commission of India (CCI) directives, Google is bringing about a change in its ¡®Google Play payment policy¡¯. The change permits an alternative billing system for users making in-app purchases on mobile phones and tablets, alongside Google Play's billing system.
No increment for top execs at Flipkart; Indian-origin Punit Renjen in line to be next SAP chief
Flipkart's parent company Walmart on Wednesday said in its earnings call that it is happy to see the etailer expanding on its positive contribution margin.
Evenflow partners with ecommerce enabler Eunimart for global expansion
As part of the partnership, Evenflow and Eunimart will work together to help in strategizing the global expansion of brands that the former acquires in the Indian market.
Evenflow partners with Assidus Global to strengthen its cross-marketplace supply chain
Assiduus helps D2C brands launch, scale and grow across ecommerce marketplaces and geographies by enabling their digital commerce through end-to-end distribution and supply chain management. The company said the association will accelerate growth for both companies in the current rapidly expanding global ecommerce ecosystem.
Developments at Tata Digital; ride-hailing firms optimistic
Our top story today is a round-up of some interesting and significant developments at Tata Digital -- specifically, its new acquisitions BigBasket and 1mg.
ETtech Evening Briefing on Mar. 1, 2021: Crouching Tiger, and ride-hailing's slow recovery
Tiger Global keeps up the pace of its startup investments in India. India's ride-hailing space, led by Ola and Uber, is making a steady comeback from pandemic blues. Facebook has paid $650 million to settle a privacy dispute in the US.
Toyota-backed startup Pony.ai raises $267 million in new funding round
The latest funding, which comes just eight months after the company's $462 million fundraising, makes Pony.ai one of the most valuable independent autonomous driving startups
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