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9-10-2017 to 14-10-2017

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Inspirational Stories 2017,Startup News highlights of the week,startup stories,The News This Week,Apple New Payments Service,Microlending Startup KrazyBee Raises Funds From Xiaomi,Wireless Connector Technology,Flipkart Plans Invest In BookMyShow,WhatsApp New Feature To Share Live Locations,Gorakhpur Gets First Co working Space,Animoji Feature in Apple

The second week of October was filled with good news and billion dollar valuations for major startup companies! The Indian startup ecosystem was also getting ready to adapt cryptocurrencies and forge ahead in the world of blockchain businesses.

If you missed the major news of last week, here’s our weekly wrap up

1. 5G TO COME TO INDIA SOON
India is ready to move on from 4G Internet speeds and start working for a faster network. Telecom operators like Vodafone India, Reliance Jio and Idea Cellular will reportedly come together to create the software required to make 5G a possibility. The three telecom operators will introduce Multiple Input Multiple Output (MIMO) technology to enable the 5G network. The MIMO technology will help increase network capacity by at least 4 to 5 times and increase the speed up to 30 Mbps t0 50 Mbps.

2. ANDHRA PRADESH GOVERNMENT FLAGS OFF THE BLOCKCHAIN BUSINESS CONFERENCE

The Andhra Pradesh Government is all set to make Vishakhapatnam the blockchain capital of India. The second leg of the Blockchain Business Conference was held last week to explore blockchain technologies, its applications and how it impacts the financial services industry. The conference also launched two accelerator programs for startups by ICICI Bank and Mahindra Finance. The accelerator programs will mentor and finance 30 startup companies and help them in solving problems. Notably, the AP Government is the first state to use blockchain pilots and the technology in various departments. 

3. OLA RAISES $1.1 BILLION FROM TENCENT, SOFTBANK AND OTHERS

India’s leading taxi aggregator, Ola raised the largest round of funding in their six year history this past week. The company raised $ 1.1 billion from China’s Tencent Holdings and Japan based SoftBank. This funding round by Ola is the third billion dollar round in a series of billion dollar funding rounds in the Indian startup ecosystem this year. Ola may be valued at $ 7 billion post the latest investment round despite a considerable decrease in valuation in the beginning of this year.

4. RESTAURANT DISCOVERY PLATFORM EAZYDINER RAISES $ 4.6 MILLION

Restaurant discovery and reservation startup EazyDiner raised close to $ 4.6 million in a Series B funding round from new and existing investors. Founded by various veterans of the hotel industry, EazyDiner is also backed by Indian cricketer Yuvraj Singh through his venture fund YouWeCan. EazyDiner is an app based platform that allows users to book tables and offers an EazyDeal with every table booking in the form of a free glass of wine or popular desserts in some of the standalone restaurants and 5 star hotels. Along with DSG Consumer Partners and Saama Capital, the company has added Singapore based venture capital firm Beenext and an undisclosed family office from the Middle East to their investor’s list.

5. FACEBOOK UNVEILS NEW CHEAPER PORTABLE VR HEADSET: OCULUS GO

Technology has evolved over time to a point where virtual reality and augmented reality can be interwoven with real life. Making VR affordable, Facebook recently launched their latest device, Oculus Go which will run with the same VR as the Samsung Gear. Priced at $ 199, the new device will pack a high resolution fist switch LCD screen along with a ‘next generation lens’ and wide field of view. This latest device will also have an added spatial audio with the speakers built into the headset along with a 3.5 mm headphone jack for private listening. According to Facebook CEO Mark Zuckerberg, Oculus Go will be “the most accessible VR experience ever.”

6. TIGER GLOBAL INVESTS $ 2 MILLION IN CHAAYOS

Picking up a considerable stake in the tea industry, global investment firm Tiger Global Management has invested $ 2 million the Gurugram based tea cafe chain Chaayos. According to reports, Ola co founders Bhavish Aggarwal and Ankit Bhati also participated in this internal round of funding along with Powai Lake Ventures and Toppr.com founder Zishaan Hayath. Chaayos, which is run by Sunshine Teahouse Pvt., Ltd., will use these funds to expand their chain to 70 cafes in four locations. The company, which currently operates 30 outlets in Delhi, Noida, Gurgaon, Mumbai, Chandigarh, Ghaziabad and Karnal, is all set to reach the 50 cafe mark by the end of this month.

7. OLA AND UBER SHOULD BE REGULATED: SUPREME COURT

Senior advocate Indira Jaising has raised valid concerns regarding the security of female commuters using the app based transport services like Ola and Uber, after several incidents were reported recently. Responding to Jaising’s concerns, the Supreme Court of India has stated that all app based transport service providers need to be regulated in order to ensure the safety of all female passengers. The Centre has been asked to examine the issue and a bench consisting of Justices Madan B. Lokur and Deepak Gupta have agreed to examine the plea. The National Legal Services Authority (NALSA) was also asked to set up an expert panel to frame a model that sets guidelines and rules to grant compensation to victims under the Victim Compensation Scheme by December 31.

 

That’s all for this week! Subscribe to our portal to never miss updates from the startup world! If your startup has an exciting announcement coming up, you can even write to us at [email protected]. Catch up with the highlights of the week with our The News This Week section.

 

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Apple Expected to Discontinue These iPhones, iPads, and Watches After September 9 Event!

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Startup Stories

With Apple’s highly anticipated “It’s Glowtime” event scheduled for September 9, 2024, speculation is rife about which existing devices may be discontinued following the launch of new products. Historically, Apple has a pattern of phasing out older models to streamline its product lineup and encourage consumers to opt for the latest offerings. This year appears to be no different, with several iPhones, iPads, Apple Watches, and AirPods likely to be retired.

iPhones Expected to be Discontinued

Apple is expected to discontinue several iPhone models, particularly those that are being replaced by the new iPhone 16 series:

  • iPhone 15 Pro and Pro Max: Following Apple’s trend of discontinuing flagship models a year after their release, the iPhone 15 Pro and Pro Max are likely to be phased out to make room for the new Pro models in the iPhone 16 lineup.
  • iPhone 14 Plus: This model, which was introduced as a larger alternative to the standard iPhone 14, may also be discontinued. Its sales have not met expectations, and Apple may choose to focus on the more affordable standard iPhone 14 instead.
  • iPhone 13: As the oldest model still available, the iPhone 13 is expected to be retired, leaving only the standard iPhone 14 in the entry-level segment.

Apple Watch Models Facing Retirement

The upcoming event will likely see the introduction of new Apple Watch models, leading to the discontinuation of older versions:

  • Apple Watch Series 9 and Ultra 2: These models are expected to be replaced by the new Apple Watch Series 10 and Ultra 3. The Series 10 is rumored to feature significant upgrades, including a larger display and a new chip, while the Ultra 3 is anticipated to enhance performance with improved AI capabilities.
  • Apple Watch SE 2: Depending on the timing of the launch of the new SE model, the current SE 2 may also be discontinued.

AirPods and iPads Set for Discontinuation

In addition to the iPhones and Apple Watches, Apple is likely to refresh its AirPods lineup:

  • AirPods 2 and 3: These models are expected to be replaced by new AirPods 4, which will introduce features such as Active Noise Cancellation and a new design.

For iPads, the existing iPad Mini (6th generation) and iPad (10th generation) may be discontinued in favor of updated versions that incorporate the latest Apple Silicon technology.

Conclusion

As Apple prepares for its September 9 event, the anticipation surrounding new product launches is palpable. The discontinuation of older models will not only streamline Apple’s offerings but also encourage consumers to consider the latest innovations in technology. With a focus on enhancing user experience through improved features and capabilities, the upcoming event promises to be a significant moment in Apple’s product evolution.

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Artificial Intelligence

How AI and Machine Learning Are Shaping the Future of Healthcare

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How AI and Machine Learning Are Shaping the Future of Healthcare

Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing the healthcare landscape, offering innovative solutions that enhance patient care, streamline operations, and improve health outcomes. As these technologies evolve, they are becoming integral to the future of healthcare, transforming how providers diagnose,
treat, and manage patient care.

Current Applications of AI and Machine Learning in Healthcare

1. Precision Medicine

AI and ML are pivotal in advancing precision medicine, which tailors treatment plans based on individual patient characteristics. By analyzing vast datasets, including genetic information, medical histories, and treatment responses, AI algorithms can predict which treatments are likely to be most effective for specific patients. This personalized
approach not only improves outcomes but also minimizes unnecessary side effects and costs associated with ineffective treatments.

2. Diagnostic Accuracy

AI technologies, especially deep learning algorithms, are increasingly used in diagnostic imaging to identify conditions such as cancer more accurately than traditional methods. For instance, AI systems can analyze radiology images to detect early signs of tumors that may be missed by human eyes. Studies have shown that these systems can
outperform radiologists in certain diagnostic tasks, leading to earlier interventions and better patient prognoses.

3. Operational Efficiency

AI is streamlining healthcare operations by automating administrative tasks such as scheduling, billing, and patient record management. This automation reduces the administrative burden on healthcare professionals, allowing them to focus more on patient care. Additionally, predictive analytics powered by AI can optimize resource allocation, helping hospitals manage patient flow and reduce wait times.

Future Transformations Driven by AI and Machine Learning

1. Enhanced Patient Monitoring and Telehealth

The integration of AI in telehealth is set to revolutionize patient monitoring. Wearable devices equipped with AI algorithms can continuously track vital signs and health metrics, alerting healthcare providers to potential issues before they escalate. This proactive approach not only enhances patient safety but also fosters a more connected
healthcare ecosystem where patients receive timely interventions based on real-time data.

2. Addressing Workforce Shortages

AI has the potential to alleviate workforce shortages in healthcare by assisting medical professionals in decision-making and reducing burnout. By automating routine tasks and providing decision support, AI can enhance the productivity of healthcare workers, allowing them to manage larger patient loads without compromising care quality. This is particularly crucial as the global healthcare workforce faces increasing demands due to aging populations and rising chronic disease prevalence.

3. Data-Driven Insights for Public Health

AI and ML can analyze public health data to identify trends and predict outbreaks, enabling healthcare systems to respond more effectively to public health challenges. By leveraging AI to analyze social determinants of health and other data sources, public health officials can implement targeted interventions that address the root causes of
health disparities in communities.

Challenges and Considerations

Despite the promising potential of AI and ML in healthcare, several challenges must be addressed to fully realize their benefits:
● Data Quality and Accessibility: The effectiveness of AI systems relies heavily on high-quality, standardized data. Currently, many healthcare organizations struggle with data silos and inconsistent data quality, which can hinder the development and deployment of AI solutions.
● Ethical and Legal Concerns: The use of AI in healthcare raises ethical questions regarding data privacy, consent, and algorithmic bias. Ensuring that AI systems are transparent and accountable is crucial to maintaining trust among patients and healthcare providers.
● Integration into Clinical Practice: For AI to be effectively integrated into clinical workflows, healthcare professionals must be adequately trained to use these technologies. Collaboration between AI developers and healthcare providers is essential to create user-friendly systems that meet the needs of clinicians and patients alike.

Conclusion

AI and Machine Learning are poised to transform the future of healthcare by enhancing diagnostic accuracy, personalizing treatment, and improving operational efficiency. As these technologies continue to evolve, their successful integration into healthcare systems will depend on addressing current challenges related to data quality, ethical considerations, and workforce training. By harnessing the power of AI, the healthcare industry can move towards a more efficient, effective, and patient-centered future.

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OpenAI Set to Launch ‘Strawberry’ AI Project This Fall, Potential Integration with ChatGPT Expected

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OpenAI Set to Launch 'Strawberry' AI Project This Fall, Potential Integration with ChatGPT Expected

OpenAI is gearing up to unveil its latest AI product, “Strawberry,” previously known as Q* (pronounced “Q Star”), this fall. This innovative tool is designed to tackle complex problem-solving tasks, including solving math problems without prior training, developing market strategies, and conducting in-depth research. The announcement comes at a time when OpenAI is also seeking to attract more investment.

Development Insights

The hints about Strawberry’s development first emerged in July 2024, when OpenAI CEO Sam Altman shared cryptic images of strawberries on social media, igniting speculation about a significant new project. Reports indicate that Strawberry aims to address the limitations of existing AI models, particularly in areas requiring advanced reasoning and context-sensitive problem-solving, where current systems often struggle.

Key Features

Strawberry is expected to enhance AI’s logical reasoning capabilities and mitigate issues of “hallucination,” where AI generates incorrect or nonsensical information. This product is not just about generating answers; it is designed to autonomously navigate the internet to perform what OpenAI refers to as “deep research.”
Additionally, Strawberry is likely to be integrated with OpenAI’s latest chatbot, ChatGPT-4o, and will play a crucial role in the development of a new large language model (LLM) named Orion. This integration is anticipated to improve the overall performance and reliability of OpenAI’s AI offerings.

Competitive Landscape

The launch of Strawberry comes amid a competitive race in the AI sector, with major players like Apple, Google, and Anthropic also working on advanced AI models. As these companies prepare to release their own innovations, the pressure is on for OpenAI to deliver a product that stands out in terms of capabilities and reliability. In summary, the introduction of Strawberry represents a significant advancement in AI technology, with the potential to revolutionize how AI handles complex reasoning and problem-solving tasks across various industries. As OpenAI prepares for this launch, the tech community is keenly watching to see how Strawberry will reshape the landscape of artificial intelligence.

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