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  • Bihar Builds Tech-Driven Ecosystem for Startups and Industry

    This article was generated by AI and cites original sources.

    Bihar is taking strategic steps to foster industrial and startup growth by implementing new policies, expanding infrastructure, and introducing funding programs. The state government’s initiatives aim to create a conducive environment for technology-driven innovation and entrepreneurship.

    By focusing on developing a robust ecosystem, Bihar is laying the groundwork for startups to thrive and industries to flourish. The policies put in place provide support and incentives for tech ventures, encouraging the adoption of cutting-edge technologies and digital solutions.

    Infrastructure expansion plays a crucial role in enhancing connectivity and accessibility for businesses, facilitating the seamless operation of tech enterprises. Additionally, the availability of funding programs offers financial assistance to budding entrepreneurs, enabling them to bring their innovative ideas to fruition.

    Through these strategic measures, Bihar is positioning itself as a hub for technological advancement and economic growth. The state’s commitment to nurturing a vibrant startup culture and fostering industry development underscores the importance of leveraging technology for sustainable progress.

    Source: YourStory RSS Feed

  • Karnataka Establishes Responsible AI Committee for Ethical and Transparent AI Adoption

    This article was generated by AI and cites original sources.

    The government of Karnataka has taken a significant step in the responsible development and deployment of artificial intelligence (AI) by forming a dedicated committee. This committee, led by Kris Gopalakrishnan, Co-founder of Infosys, and N Manjula, Secretary of the Department of Electronics, IT, Biotechnology, and Science & Technology, aims to create a comprehensive framework for the safe, ethical, and transparent integration of AI in government operations and public services.

    During the committee’s inaugural meeting, experts from various sectors discussed the evolving AI landscape and emphasized the necessity of robust governance structures to ensure the ethical deployment of AI technologies, especially in systems affecting the general populace.

    The primary objective of the committee is to craft policies and a roadmap for the responsible implementation of AI in Karnataka. This initiative seeks to foster innovation while upholding the principles of safety, fairness, transparency, and accountability in government AI applications.

    Priyank Kharge, the IT Minister of Karnataka, highlighted the state’s commitment to advancing AI innovation responsibly. By bringing together industry, academia, and policy experts, the Responsible AI Committee intends to establish a governance framework that supports innovation while maintaining transparency, accountability, and public trust.

    Over the coming months, the committee plans to deliver an interim report within 60 days and a final set of recommendations within 90 days. These outputs will outline a policy framework, risk assessment mechanisms, and a roadmap for the ethical adoption of AI in government functions.

    Source: mint – technology

  • IAMAI Urges Karnataka to Postpone Gig Worker Welfare Fee Implementation Amid Operational Challenges

    This article was generated by AI and cites original sources.

    The Internet and Mobile Association of India (IAMAI) has called upon the Karnataka government to delay the enforcement of a gig worker welfare fee on e-commerce operators until operational specifics are clearly defined. This request comes in response to the Karnataka Platform-based Gig Workers (Social Security & Welfare) Act, 2025, which mandates e-commerce platforms to allocate 1% of their commission, with a capped limit, towards supporting gig workers’ welfare.

    With the state government setting the levy cap at different levels based on the platform’s business model to ease the burden on smaller players, it aims to generate an annual fund of approximately ₹250-300 crore through this fee. Notable gig-based service providers like Amazon, Zomato, Uber, and Ola, among others, are active in Karnataka, employing a substantial workforce of gig workers.

    IAMAI emphasized unresolved operational challenges that need addressing before the contributions to the Karnataka Gig Workers’ Social Security and Welfare Fund can commence. The association highlighted discrepancies between the state law and the central government’s Code on Social Security, 2020, regarding aggregator contributions towards gig workers’ social security.

    Expressing concerns over potential duplicative obligations for aggregators due to unclear reconciliation mechanisms between state and central mandates, IAMAI proposed a temporary halt on welfare fee collection until alignment on inter-governmental reconciliation procedures is achieved. Moreover, the association pointed out the absence of notified welfare schemes under the state act, further complicating the implementation process.

    Source: Tech-Economic Times

  • Eternal Invests ₹450 Crore in Blinkit to Boost Quick Commerce Operations

    This article was generated by AI and cites original sources.

    Eternal, a prominent foodtech company, has recently invested ₹450 crore into its quick commerce subsidiary Blinkit through a rights issue. The funding aims to enhance Blinkit’s operations amid the competitive quick commerce market landscape.

    The board of Blinkit has approved the issuance of 2,799 equity shares to Eternal at a price of ₹16.07 lakh per share. The investment is anticipated to facilitate Blinkit’s expansion of dark stores, address working capital requirements, and cover operational expenses as it scales its quick commerce services across multiple cities.

    The move comes at a time when the quick commerce sector in India is witnessing intense competition, with players like Zepto and Swiggy Instamart making significant investments to bolster their presence. Zepto secured $450 million in funding last year, while Swiggy raised approximately ₹10,000 crore through a qualified institutional placement to amplify its quick commerce arm Instamart.

    In its Q3 FY26 report, Eternal described the competition in the quick commerce segment as ‘intense.’ Blinkit’s CEO Albinder Dhindsa highlighted the competitive landscape, citing challenges from startups, major ecommerce platforms, and JioMart, with Amazon and Flipkart also intensifying their quick commerce investments.

    Source: Inc42 Media

  • Sarvam AI’s Open-Source Models Face Adoption Challenges in India’s AI Ecosystem

    This article was generated by AI and cites original sources.

    Sarvam AI recently open-sourced its Sarvam 30B and Sarvam 105B reasoning models, emphasizing their optimization for Indic languages and agentic workloads. These models, trained from scratch using in-house datasets and a scalable MoE architecture, aim to bolster India’s AI ecosystem.

    While this move is positioned as a significant step towards India’s AI sovereignty, the release has encountered hurdles. Developers have noted obstacles like inadequate tooling support and deployment formats, hindering seamless integration.

    Sarvam AI’s focus on enhancing India’s language capabilities is noteworthy, as the models have showcased superior performance on Indic language benchmarks compared to other systems. However, post-release discussions indicate that establishing a functional developer ecosystem around these models remains a challenge.

    Sarvam AI’s strategic move extends beyond mere model distribution. By venturing into open-sourcing, the company aims to construct a comprehensive sovereign AI stack encompassing various elements like datasets, tokenization, and training infrastructure, underscoring a holistic approach to advancing AI in India.

    Source: Inc42 Media

  • Infosys Expands Mohali Development Centre with Rs 290 Crore Investment

    This article was generated by AI and cites original sources.

    Infosys, a leading technology company, has announced a significant expansion of its Mohali Development Centre with a Rs 290 crore investment. The expansion includes the establishment of a dedicated software development block and the capacity to accommodate approximately 3,000 employees. This strategic move aims to strengthen Infosys’ presence in North India and enable the delivery of AI-driven solutions, cloud services, and digital transformation offerings to its global clientele.

    Source: Tech-Economic Times

  • Amazon Invests $6.23 Billion in Poland’s Tech Future

    This article was generated by AI and cites original sources.

    Amazon has announced plans to invest 23 billion zlotys ($6.23 billion) in Poland between 2026 and 2028, as reported by Tech-Economic Times. This substantial financial commitment follows the 45 billion zlotys already spent in the country from 2012 to 2025, underscoring Amazon’s strategic move to bolster its presence and impact on the Polish economy.

    The planned investment is expected to introduce technological advancements and infrastructure developments in Poland over the next few years. This financial injection will likely catalyze growth in e-commerce, logistics, and tech infrastructure in the region, potentially fostering job creation and economic stimulus.

    As one of the world’s tech giants, Amazon’s increased investment in Poland signifies the country’s growing importance in the company’s global strategy, positioning it as a key player in the tech and e-commerce landscape.

    Source: Tech-Economic Times

  • Slice Strengthens Governance with Veteran Banker Appointment

    This article was generated by AI and cites original sources.

    Fintech company Slice has bolstered its governance framework by appointing Sreedevi Pillai, former Chief General Manager of Risk Management at State Bank of India (SBI), as an Independent Non-Executive Director to its Board.

    Pillai’s extensive 36-year banking leadership at SBI involved spearheading operational risk management, fraud prevention, and developing fraud detection frameworks, helping SBI pioneer large-scale deployment of such capabilities in India.

    Slice’s decision aligns with its commitment to strengthening institutional governance and risk management to support long-term growth strategies. The move signifies a strategic step in enhancing Slice’s responsible finance practices in India.

    Expressing enthusiasm, Pillai stated, ‘I look forward to contributing to robust governance, prudent risk management, and sustainable growth alongside the leadership team and Board at Slice.’

    In a recent development, Slice appointed Rajan Bajaj, the company’s founder, as its Managing Director and Chief Executive Officer. Bajaj, who previously held the position of Executive Director, led Slice’s transformation from a consumer fintech startup into a regulated bank following its merger with North East Small Finance Bank in 2024.

    With over 20 million registered users, a workforce of 3,000, and substantial investments from notable firms like Tiger Global, Insight Partners, and Advent International, Slice continues to expand its presence in the fintech sector.

    Source: Entrackr : Latest Posts

  • Mosaic Wellness Secures ₹200 Cr Funding to Expand Health-Tech Offerings

    This article was generated by AI and cites original sources.

    Thane-based startup Mosaic Wellness has successfully raised ₹200 Cr in primary capital from 360One Asset, with additional undisclosed secondary funding, marking a significant milestone in the health-tech industry.

    The funding round facilitated a partial exit for early investor Spring Marketing Capital, showcasing the startup’s growth trajectory.

    Founded in 2020 by Revant Bhate and Dhyanesh Shah, Mosaic Wellness operates popular digital health platforms including Man Matters, Be Bodywise, and Little Joys, catering to men, women, and children with a range of wellness products and telemedicine services.

    The capital injection will enable Mosaic Wellness to expand its strategic plans within the consumer health and wellness sector, allowing the company to capitalize on emerging opportunities and enhance its service offerings.

    360One Asset’s entry into Mosaic Wellness’ investor lineup alongside Elevation Capital, Peak XV Partners, Z47, and Think Investments reflects the industry’s confidence in the startup’s potential.

    Mosaic Wellness demonstrated robust revenue growth and margin improvement in the previous fiscal year, significantly reducing its net loss while achieving remarkable top-line growth, signaling a positive trajectory for the health-tech player.

    Source: Inc42 Media

  • Navigating the Anthropic-Pentagon Dispute: Balancing AI Safeguards in Government Contracts

    This article was generated by AI and cites original sources.

    A recent disagreement between the U.S. Department of Defense and Anthropic has highlighted the importance of implementing robust AI safety measures in government technology partnerships. Anthropic, an AI research company, faced potential repercussions after refusing to relax safety protocols on its systems, leading the Pentagon to identify it as a ‘supply-chain risk.’ This decision jeopardized the company’s government contracts, raising concerns about potential revenue loss in the coming years.

    The conflict stemmed from Anthropic’s stance against the utilization of its technology in autonomous weapons and domestic surveillance. Legal experts have pointed out potential flaws in the government’s case, citing inconsistencies in the Pentagon’s actions and indications of biased motivations rather than genuine security concerns.

    The timeline of events reveals a series of escalations:

    • January 29: Dispute arises over AI safeguards that could enable autonomous weapon targeting and domestic surveillance.
    • February 11: Pentagon pressures AI companies to provide technology for classified settings with fewer restrictions.
    • February 14: Pentagon mulls cutting ties with Anthropic due to disagreements over technology usage limits.
    • February 23: Anthropic CEO summoned for discussions on military technology use.
    • February 24-26: Pentagon issues ultimatums to Anthropic regarding technology access.

    This conflict underscores the critical role of AI safeguards in government technology partnerships, highlighting the need for clear guidelines and alignment on ethical and safety standards in AI applications.

    Source: Tech-Economic Times