| | | | | | | | | | | | | | Unleashing Bhavish's Fury | | | | | Ola’s CEO, Bhavish Aggarwal, is not smiling. His blogs and rants on X over the last few days reflect his frustration and discontent with the reliance on Western technology. “It’s time we build world-class alternatives to big tech giants and empower Indian innovation!” said Aggarwal, responding to Google Maps ‘belated’ price cuts, and called for the development of competitive Indian alternatives to big tech, alongside highlighting Ola Maps’ aggressive new pricing strategy to support local startups and businesses. | | | | | | | One thing is for sure, Aggarwal never misses an opportunity to exploit a crisis. On July 19, a faulty sensor configuration update triggered a massive Microsoft Windows outage, affecting global transport, finance, and medical industries, with systems now recovering, as revealed by CrowdStrike. To this, Aggarwal said outages are momentary with no deliberate intent to cause harm, and can happen once in a while to any company. “But it represents an outcome that could also happen due to deliberate action by bad actors and intentions. And since 80% of our data is stored outside India, we won’t be able to do anything,” he added, urging governments to bring stringent data localisation norms and action to address these risks. | | | | | | | Cancelling Ola. It’s business as usual for everybody. Today, Rapido, Uber, Namma Yatri and other ride-hailing platforms continue to use Google Maps and Western technology. Namma Yatri stood out for the drivers since the app started off as free of commission but now charges a basic of just INR 25 per day. In contrast, Ola and Uber take a 25-30% commission from drivers per ride. One Namma Yatri driver told AIM that the low subscription fee compared to Uber and Ola has helped him. Within six months of switching to Namma Yatri, he was able to fund his two children’s weddings. The app has onboarded 49,000 auto drivers and 550,000 users in five months, with approximately INR 12 crores ($1.5 million) paid out to drivers. It celebrated 500 million downloads in March. Although Namma Yatri currently lacks features like bike taxis and carpooling, with Google’s support, it may soon expand to include these options. Namma Yatri said it will leverage the new funds to grow its engineering and R&D competencies and include more types of transportation, including buses, metros, etc. “Imagine the platform similar to Namma Yatri being adopted in cabs, metros, or any platform which is serving the passengers,” Selvan told AIM, when Moving Tech was first launched. “We essentially want to become the UPI of transportation.” Check out the exclusive interview with team Namma Yatri only on AIM. | | | | | | | Google's love for India’s DPI doesn’t stop here. Besides Namma Yatri, Google is doing the same with ONDC as well, making it the UPI of ecommerce. At the recently held Google I/O Connect in Bengaluru, the company announced that it has lowered India-specific pricing for its Google Maps Platform API. Interestingly, it is offering up to 90% off on select map APIs for people building on top of ONDC. In 2020, Google said it plans to invest $10 billion in India over the next five to seven years as the search giant looks to help accelerate the adoption of digital services in the key overseas market. | | | | | India’s Obsession with STEM is Creating a Generation of Jobless Graduates | | | | | | | A CSET report on the Global Distribution of STEM Graduates reveals that 34% of all graduates in India come from STEM fields. Though the figure is lower than Malaysia (43.5%) and Tunisia (37.9%), when we compare the percentage of the total population of graduates in India, the number of STEM graduates is exorbitantly higher when compared to others. The question is: where do all these STEM graduates go? Jose Crespo, a hardware design engineer, explored the same question in his LinkedIn post. “INDIA IS NVIDIA PRODUCING STEM GRADUATES,” he claimed. Read the full story here. | | | | | | | The Indian Railways recently upgraded its RailMadad grievance portal with Bhashini's advanced multilingual text and speech recognition features to improve accessibility and user experience for over 200 million citizens. NVIDIA has invested $30 million in Arrcus, a networking software startup with a significant Bengaluru presence, to enhance its data traffic management platform and expand global operations. Gurugram-based Staqu Technologies has partnered with Nagpur Police to launch SIMBA, an AI-powered tool integrated with the JARVIS platform, to enhance law enforcement with real-time facial recognition, speaker identification, and advanced crime data analysis. | | | | | AIM Workshop: RAG & Fine Tuning in GenAI with Snowflake | | | | | | | Join Prashant Wate from Snowflake India for an exciting workshop on RAG & Fine Tuning in GenAI. Learn how to optimise models and create seamless AI apps effortlessly. Date: July 25, 2024 Time: 6 - 7.30 PM | | | | | | | | | Cypher 2024 marks a significant expansion as it celebrates its 8th edition by branching out to the USA in addition to its already established presence in India. Browse through the links below to learn more about the different editions of Cypher 2024. These links will guide you to comprehensive event information, including agendas, speakers, registration details, and more. | | | | | Enjoying Sector 6 (formerly AIM Daily XO)? Share it with colleagues or friends – they can sign up here. We love hearing from our readers! Have thoughts on our new format? Questions, comments, or ideas are always welcome. If there’s a specific topic in AI or analytics that you're curious about, tell us! Reach out to us at info@analyticsindiamag.com. Stay tuned for more insights in our next edition!
Curated with ♥️ in Namma Bengaluru | | | | | | | | |
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