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  • India Proposes Global Framework to Democratize AI at Summit

    This article was generated by AI and cites original sources.

    India has introduced the AI Impact Summit Declaration, a voluntary global initiative aimed at fostering international cooperation in artificial intelligence (AI) to promote ‘welfare for all.’ The declaration, backed by several countries, outlines seven key areas for collaboration, including enhancing human capital, ensuring trustworthy AI practices, and promoting the democratization of AI resources.

    By spearheading this initiative, India seeks to establish a foundation for inclusive and ethical AI development on a global scale. The framework emphasizes the importance of prioritizing human-centric AI solutions and fostering a transparent and accountable AI ecosystem.

    Through the AI Impact Summit Declaration, India aims to set a precedent for countries worldwide to come together and work towards harnessing AI’s potential for the betterment of society. This collaborative approach is crucial to address the complex challenges and opportunities presented by AI technologies.

    Source: Tech-Economic Times

  • Germany Proposes Social Media Ban for Children Under 14: Examining the Tech Implications

    This article was generated by AI and cites original sources.

    Germany’s ruling conservatives have put forth a proposal to ban social media access for children under 14, alongside planning stricter digital verifications for teenagers. Platforms could face fines for non-compliance with these regulations, echoing similar debates in other European countries. This potential ban, if enacted, could have a significant impact on the digital behaviors of young users.

    The proposed legislation aims to protect children from the potential harms of social media, such as cyberbullying, misinformation, and excessive screen time. Supporters argue that limiting access to these platforms will promote healthier digital habits and safeguard the well-being of minors. However, critics raise concerns about the feasibility and potential unintended consequences of such a ban, including the impact on digital literacy and social development.

    As the debate continues, technology companies, policymakers, and child advocates will need to collaborate to find a balanced approach that addresses the legitimate concerns while ensuring that young people can still benefit from the educational and social aspects of digital platforms.

    Source: Tech-Economic Times

  • New-Age Tech Stocks Face Volatility Amid IT Sell-Off: EaseMyTrip Sees Strong Gains

    This article was generated by AI and cites original sources.

    New-age tech stocks experienced a challenging week as IT sell-offs continued to impact the market. The ‘India AI Impact Summit 2026’ showcased tech innovations, but 36 out of 52 new-age tech companies saw declines ranging from 0.02% to nearly 20% between February 16-20. Companies like FirstCry and Zaggle were hit the hardest, with their shares dropping to new lows. Additionally, shares of Capillary Technologies, WeWork India, BlueStone, Awfis, and MapmyIndia also reached new lows.

    Investors maintained cautious attitudes towards recently listed companies Aye Finance and Fractal, as their shares fell below IPO prices post-listing. Despite this, the cumulative market cap of 54 new-age tech companies reached $143.18 billion by the week’s end, with notable performers like EaseMyTrip seeing a 40.7% surge in their stock value. Amagi also achieved a record high share price during the week.

    These fluctuations underscore the volatility in the new-age tech stock market and the impact of external factors like IT sell-offs on investor sentiment. Observing how companies navigate these challenges and capitalize on opportunities, such as EaseMyTrip’s significant gains, will be crucial for tech enthusiasts and investors alike.

    Source: Inc42 Media

  • Indian Robots Impress at AI Impact Summit 2026

    This article was generated by AI and cites original sources.

    Indian-made robots showcased their capabilities at the recent AI Impact Summit in New Delhi, highlighting the country’s advancements in artificial intelligence and robotics. Among the standout innovations were the SVAN-M2 robot dog developed by xTerra Robotics, which impressed attendees with its features. Additionally, a UNWFP robot tailored for food warehouses garnered significant attention, demonstrating the diverse applications of indigenous technologies.

    The event underscored India’s emergence as a key player in the global tech landscape, with these homegrown robots exemplifying the country’s expertise in cutting-edge technology. However, the summit was not without controversy, as a university faced backlash for misrepresenting a foreign product amidst the showcase of local innovations.

    India’s success in creating robots that captivated industry experts and enthusiasts signals a promising future of indigenous technological achievements on a global stage. As the world looks towards advancements in AI and robotics, India’s contributions at the summit highlight the nation’s commitment to fostering innovation and technological growth.

    Source: Tech-Economic Times

  • Sarvam.AI Introduces Indus: India’s Foray into Advanced Chatbot Technology

    This article was generated by AI and cites original sources.

    Indian AI startup Sarvam.AI has recently unveiled its latest creation, Indus, a chat interface powered by their proprietary 105 billion parameter model. Positioned as a competitor to global AI leaders like OpenAI’s ChatGPT and Google’s Gemini, Indus aims to deliver accurate and relevant responses tailored for the Indian market.

    With the launch of Indus, Sarvam.AI enters the arena of advanced chatbot technology, offering users a sophisticated conversational experience that leverages state-of-the-art AI capabilities. By harnessing their extensive model, the company seeks to enhance how users engage with AI-powered chat interfaces, setting a new standard in this rapidly evolving field.

    Indus represents India’s foray into the realm of next-generation chatbots, showcasing the country’s growing expertise in AI innovation and technology development. As Sarvam.AI continues to refine and enhance Indus, the chatbot is poised to make significant impact in the global AI landscape, establishing itself as a formidable player alongside industry leaders.

    Source: Tech-Economic Times

  • Pluto Mobility Secures $2M Seed Funding for Electric Delivery Vehicles

    This article was generated by AI and cites original sources.

    Pluto Mobility, an electric vehicle (EV) startup, has raised $2 million in a seed funding round. The funding was led by Version One Ventures, with participation from Grad Capital and founders/executives from companies like Delhivery, OfBusiness, Pixxel, and Boom Supersonic.

    With the new capital, Pluto Mobility aims to enhance its engineering and product development, grow its team, and initiate pilot deployments in key urban markets. Co-founded by Akshat Bhatia and Himanshu Panda, the Delhi-based startup specializes in electric vehicles for last-mile logistics.

    Pluto Mobility’s focus is on creating scooter-sized, fully enclosed electric delivery vehicles that are resilient in adverse weather and can handle double the orders of traditional two-wheelers. The company prioritizes throughput, durability, and cost efficiency in its vehicle design, while keeping fleet complexity low.

    Pluto Mobility plans to kick off pilot deployments in 2026, targeting e-commerce and quick-commerce operators, as part of its commitment to revolutionizing last-mile delivery with sustainable EV solutions.

    Source: Entrackr : Latest Posts

  • India Joins Global Pax Silica Declaration to Advance AI Collaboration

    This article was generated by AI and cites original sources.

    At the Global AI Impact Summit, India formally joined the Pax Silica Declaration, as witnessed by US Ambassador to India, Segio Gor; Jacob Helberg, United States Under Secretary of State for Economic Growth, Energy; and Union Minister for Information Technology, Ashwini Vaishnaw. This move signifies a significant step towards international collaboration in the field of artificial intelligence (AI).

    India’s participation in the declaration showcases the country’s commitment to leveraging AI for economic growth and technological advancement, aligning with global efforts to establish ethical guidelines and standards for AI development and deployment. By joining the declaration, India will engage in knowledge sharing, policy discussions, and cooperation with other signatory nations.

    This collaboration is expected to facilitate cross-border research initiatives, promote innovation, and address regulatory challenges in the AI domain, further positioning India as a key player in shaping the future of AI technologies on a global scale.

    Source: Tech-Economic Times

  • Univest’s Tech-Driven Expansion Fuels Projected 200% Revenue Growth

    This article was generated by AI and cites original sources.

    Wealthtech startup Univest is on track to achieve a substantial revenue growth of almost 200% year-over-year in the current fiscal year, driven by its strategic expansion into new tech-enabled financial services. The company, known for its stock broking offerings, has recently diversified into mutual fund advisory and distribution, broadening its revenue streams.

    Univest’s revenue surged by 3.5 times year-over-year to ₹44.1 Cr in the previous fiscal year, although it reported a loss of ₹30 Cr. Looking ahead, the startup anticipates a remarkable 250% year-over-year increase in revenue for FY26, aiming to surpass the ₹150 Cr revenue milestone.

    CEO Pranit Arora highlighted that Univest’s growth is attributed to the rising subscriptions and the expansion of its brokerage business. With an initial operating revenue of ₹44.1 Cr in FY25, the projected 200% revenue surge would propel the startup’s revenue beyond ₹130 Cr in FY26, paving the way for profitability in the subsequent financial year.

    Founded in 2022, Univest has established itself as a key player in the wealthtech sector, offering personalized advisory services to retail investors through its tech-enabled platform. The startup’s subscription-based model, priced attractively from ₹5 per day for stock research, has garnered over 5 Lakh paid users and more than 75 Lakh app downloads.

    Univest’s strategic move into the stock broking domain has already started contributing significantly to its revenue, accounting for 10-12% currently, with expectations to reach 30% in the near future. The company’s revenue diversification strategy, coupled with its tech-driven approach, positions it for sustained growth and market expansion.

    Source: Inc42 Media

  • Global Leaders Endorse New Delhi Declaration on Responsible AI Development

    This article was generated by AI and cites original sources.

    Eighty-eight countries and international organizations, including the US, UK, China, and France, have endorsed the ‘New Delhi Declaration on AI Impact’. The declaration emphasizes the equitable sharing of AI benefits across humanity, rooted in the principle of ‘Sarvajan Hitaya, Sarvajan Sukhaya’.

    The declaration highlights the importance of global cooperation, multi-stakeholder engagement, and accessible, trustworthy AI frameworks. Its seven key pillars focus on democratizing AI resources, fostering economic growth and social good, ensuring secure and trusted AI systems, leveraging AI for scientific advancement, promoting social empowerment through AI access, developing human capital, and building resilient, efficient, and innovative AI technologies.

    The ‘AI Impact Summit 2026’ in New Delhi concluded with the adoption of this declaration, a significant step towards harnessing AI for global economic progress and societal welfare. The broad support for this initiative signifies a global consensus on the transformative potential of AI when responsibly and inclusively developed.

    Source: mint – technology

  • BHIM Surpasses CRED in January UPI Rankings, Showcasing Digital Payment Landscape Shifts

    This article was generated by AI and cites original sources.

    According to a recent report by the National Payments Corporation of India (NPCI), the Bharat Interface for Money (BHIM) app has overtaken CRED and FamApp in January’s Unified Payments Interface (UPI) transactions, marking a significant milestone in the digital payment landscape. BHIM recorded 17.2 crore transactions worth ₹22,025.9 crore, showcasing a market share increase to 0.8% from 0.7% in December. This surge comes as total UPI transactions for January reached 21.7 billion transactions valued at ₹28.33 lakh crore, setting a new record high.

    PhonePe also experienced a transaction volume rise to 991.3 crore in January, with a market share of 46.6% compared to 45.3% in December, handling transactions worth ₹13.7 lakh crore. Notably, Google Pay witnessed a slight decline in market share with 722.9 crore transactions and a value of ₹9.95 lakh crore. Meanwhile, Paytm saw a modest increase in market share, processing 165.9 crore transactions totaling ₹1.81 lakh crore.

    Additionally, PhonePe recently filed for its initial public offering (IPO), with plans to offer over 5 crore equity shares for sale. Prominent stakeholders like Walmart’s WM Digital Commerce Holdings, Tiger Global, and Microsoft are set to sell significant portions of their shares through the IPO, signifying a pivotal moment for the company’s future.

    Source: Inc42 Media