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The Most Powerful Women of 2017

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The multinational business magazine published and owned by Times Inc., Fortune, has released the 2017 list of the most powerful women in the world. This year, the list comprises of 26 CEOs from around the globe who control close to $ 1.1 trillion in market capitalization. The full list includes 51 successful women including nine women from the tech industry.

The Chief Executive Officer of General Motors, Mary Barra topped the list for the third consecutive year. She was instrumental in beating Elon Musk’s Tesla Model 3’s release in the market with the Chevrolet Bolt EV which even boasted of a better battery.

Indra Nooyi, who has led PepsiCo as the CEO and president for a decade, took the second spot on the list. She also played a significant role in the acquisition of Tropicana and the company’s merger with Quaker Oats. Nooyi was featured 18 times in the 20 years the Fortune list of most powerful women has been published.

Marillyn Hewson, the Chairwoman, President and Chief Executive Officer of Lockheed Martin along with Abigail Johnson, the Chairman and CEO of Fidelity Investments and Sheryl Sandberg, the COO of Facebook take the 3rd, 4th and 5th spots on the list respectively.

Sandberg was instrumental in Facebook’s blockbuster 2016 ad revenue growth, which increased to 57% or over $ 26.9 billion and propelled the company to new heights. Her book titled Option B, which deals with grief over the loss of her husband, also topped the best seller list this year.

Seven newcomers made it to the list this year, including Hollywood actress Reese Witherspoon. Chief Executive Officer of the Pacific Gas and Electric Company, Geisha Williams, became the highest ranking newcomer on the list. She is also the first Latin woman to run a Fortune 500 company and is currently ranked at 19. Boeing’s Defense, Space and Security CEO, Leanne Caret, Staples CEO Shira Goodman, Reinsurance Group of America CEO Anna Manning, Hershey CEO Michele Buck, Ulta Beauty CEO Mary Dillon and Mattel CEO Margo Georgiadis are the other newest editions to the list.

The number of female chief executive officers in the Fortune 500 companies hit a record low in 2017. Only 6% of the total 500 or 37 women hold the top managerial positions in reputed organizations around the world. The number of women in the leading roles in tech companies also brings to light the uncomfortable realities of a big gender gap in one of the fastest growing industries in the world.

According to Fortune, four main criteria are looked at while making the list. It includes the size and importance of the woman’s business in the global economy, the health and direction of the business, the arc of the woman’s career and social and cultural influences.

 

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Bengaluru’s Hypergro.ai Raises Rs 7 Crore to Enhance AI-Powered Advertising Solutions

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Hypergro.ai, a Bengaluru-based marketing technology startup, has raised Rs 7 crore in seed funding led by Silverneedle Ventures, with participation from Huddle, TDV Partners, HME Ventures, Dholakia Ventures, FiiRE, and angel investors. Founded in 2022 by Rituraj Biswas, Neha Soman, Abhijeet Kumar, and Arijit Mukhopadhyay, the company aims to revolutionize digital marketing by addressing challenges like high Customer Acquisition Costs (CAC) and low Return on Ad Spend (ROAS).

 

The startup leverages AI to create hyper-personalized video ads using user-generated content (UGC). The fresh capital will be used to enhance Hypergro.ai’s AI capabilities, expand operations, and build a specialized team focusing on data analysis, predictive algorithms, and automation.

 

Since its inception, Hypergro.ai has collaborated with over 70 brands, including several from Shark Tank India. The company’s innovative approach has led to its selection for Google’s Startups Accelerator: AI First (India) program in July 2024, providing access to critical training, mentorship, and state-of-the-art AI tools.

 

Hypergro.ai’s platform now supports a community of over 300,000 creators across India and has partnered with more than 100 brands, significantly enhancing its AI model’s accuracy and improving revenue generation for clients. As it continues to expand and refine its AI-powered marketing solutions, Hypergro.ai is set to transform the digital advertising landscape, offering businesses more effective and efficient customer acquisition and engagement strategies.

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Meta Faces Another Copyright Lawsuit Over AI Training Practices

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Meta Faces Another Copyright Lawsuit Over AI Training Practices

Meta, the parent company of Facebook and Instagram, is facing fresh legal challenges over allegations that it used copyrighted materials without permission to train its artificial intelligence models, including its LLaMA series. This lawsuit adds to the growing scrutiny of AI companies’ data sourcing methods.

The Allegations

Authors such as Sarah Silverman and Michael Chabon claim Meta trained its AI models on datasets containing their copyrighted works without authorization. Plaintiffs argue this constitutes copyright infringement, while Meta defends its actions under the “fair use” doctrine, asserting that the training process is transformative and legally permissible.

Internal Discussions Raise Concerns

Court documents reveal internal chats among Meta employees discussing the use of copyrighted materials. One researcher suggested acquiring books without permission, stating, “ask forgiveness, not for permission.” These discussions highlight potential awareness within Meta of the legal risks involved.

Fair Use Debate

Meta maintains that its use of copyrighted texts to train LLaMA models is transformative and falls under fair use. The company compares this practice to Google’s precedent in Authors Guild v. Google, where copying books for search tools was deemed fair use. However, critics argue that training AI for commercial purposes does not meet fair use criteria.

Broader Implications

This lawsuit reflects wider concerns about how AI developers source training data, often relying on publicly accessible yet potentially copyrighted materials. As litigation against companies like Meta, OpenAI, and Google increases, clearer regulations may be necessary to balance innovation with intellectual property rights.

The outcome of this case could significantly impact both AI development practices and copyright enforcement in the tech industry.

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Flipkart Partners with NCERT to Boost Textbook Accessibility

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Flipkart-Partners-with-NCERT-for-textbook-acceccibility

Flipkart has joined hands with the National Council of Educational Research and Training (NCERT) to enhance the accessibility of NCERT textbooks for students across India, particularly those in Tier 2 and Tier 3 cities. This strategic partnership aims to bridge the gap in access to quality education by leveraging Flipkart’s extensive reach and logistics network.

Key Benefits of the Partnership

  • Enhanced Accessibility: With this collaboration, students in remote areas can now order NCERT textbooks online and have them delivered directly to their doorstep. This initiative is particularly beneficial for families in regions where physical bookstores may be limited or non-existent.
  • Affordability: Flipkart’s platform will offer competitive prices on NCERT textbooks, making them more affordable for students and parents. Discounts and promotions may also be available, further reducing the financial burden on families.
  • Convenience: The partnership provides a seamless online shopping experience for parents and students alike. With an easy-to-navigate platform, users can quickly find and purchase the textbooks they need without the hassle of traveling to physical stores.

Alignment with Government Initiatives

This initiative aligns with the Indian government’s vision of promoting digital learning and making education more inclusive. By providing easy access to essential textbooks, Flipkart and NCERT are working together to empower students and contribute to the nation’s educational growth. This partnership supports the government’s broader goals of enhancing educational resources through technology and ensuring that quality learning materials are available to all students, regardless of their location.

Additional Context

The partnership comes at a time when there is a growing emphasis on digital education in India, especially following the disruptions caused by the COVID-19 pandemic. The shift towards online learning has highlighted the need for accessible educational resources. By collaborating with NCERT, Flipkart is not only expanding its product offerings but also playing a vital role in supporting educational equity across the country.

Authorized Sellers

Flipkart will work with authorized sellers designated by NCERT to ensure that students can easily purchase authentic NCERT textbooks through its platform. This collaboration guarantees that all textbooks are genuine and meet the quality standards set by NCERT.

Conclusion

The partnership between Flipkart and NCERT represents a significant step towards improving textbook accessibility for students in India. By leveraging technology and e-commerce capabilities, this collaboration aims to make quality educational resources more widely available, particularly in underserved regions. As both organizations work together to enhance educational outcomes, they are contributing to a more equitable learning environment that empowers students across the nation.

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