Whats up,
Within the recognition contest between Copilot and ChatGPT, OpenAI is thrashing Microsoft soundly.
Whereas the Copilot smartphone app has been downloaded 79 million instances, ChatGPT just lately surpassed 900 million downloads.
Additional, OpenAI can also be on a brand new monetisation kick. The corporate plans to take a reduce from on-line product gross sales made instantly by means of ChatGPT by integrating a checkout system into the platform.
The place Sam Altman and SoftBank’s Masayoshi Son are involved, AI demand is simply kicking off. Slightly, now’s the time to scale infrastructure, because the insatiable demand for AI makes it crucial to maintain constructing extra computing capability.
Even tariffs are taking part in good on that entrance, particularly to chipmakers. Nvidia chief Jensen Huang is optimistic concerning the restoration of the AI large’s China gross sales after a ban on gross sales of a key processor particularly designed for the Chinese language market was lifted by the US.
In the meantime, chipmaking tools provider ASML downplayed the impression of US tariffs on its latest quarter, as AI drove sturdy orders for its lithography machines.
ICYMI, this AI Appreciation Day, business pioneers had a lot to say concerning the expertise that’s reinventing work as we all know it.
The gaming business can also be seeing a shift, with Nazara pulling again from Nodwin. The gaming large won’t take part in Nodwin’s contemporary fundraise, and can also be waiving sure rights as the bulk shareholder.
The large leagues of gaming are not any youngster’s play.
In at the moment’s publication, we’ll discuss
ixigo’s income soars 73percentMarketing engine for restaurantsNurturing women-led startups
Right here’s your trivia for at the moment: What product does Volkswagen promote that outperforms their vehicles?
Journey
ixigo’s income soars 73%
Le Travenues Know-how Restricted, the mother or father firm of journey and ticketing platform ixigo, reported a 73% year-on-year enhance in complete income from operations for the quarter ended June 2024 (Q1 FY25), reaching Rs 314 crore, up from Rs 181.87 crore in the identical interval final yr.
Booming journey:
Web revenue attributable to fairness holders rose 28.4% to Rs 19.08 crore in Q1 FY25, in contrast with Rs 14.86 crore within the year-ago quarter, in response to the consolidated monetary statements filed by ixigo.Whole bills matched the income progress, rising to Rs 292.77 crore from Rs 168 crore in Q1 FY24. Worker advantages expense stood at Rs 52.27 crore, up 37.7% from Rs 37.96 crore. Different bills rose 86.2% to Rs 236.67 crore from Rs 127.11 crore in the identical interval final yr.Section-wise, income from the flight enterprise greater than doubled to Rs 103.19 crore from Rs 41.51 crore in Q1 FY24. Bus phase income was Rs 129.92 crore, up 29.3% from Rs 100.45 crore. Practice phase income additionally almost doubled to Rs 76.62 crore, in contrast with Rs 39.63 crore in the identical quarter final yr.
Funding Alert
Startup: KNOT
Quantity: $3M
Spherical: Fairness
Startup: Zeus Hygia
Quantity: $2.5M
Spherical: Sequence A
Startup: Zuppa
Quantity: $1.5M
Spherical: Bridge
Startup
Advertising and marketing engine for eating places
Parin Sanghvi’s Ahmedabad-based startup Reelo has flipped the script on restaurant advertising. As a substitute of chasing new clients by means of reductions, the startup appears to be like to assist eating places flip first-time guests into regulars by means of retention campaigns.
The platform integrates with over 35 point-of-sale methods, mechanically capturing buyer knowledge throughout purchases with out handbook effort. As soon as the info flows in, Reelo’s platform analyses buyer behaviour patterns and suggests focused advertising actions.
Constructing relationships:
Launched as a boutique instrument for eating places, the corporate’s consumer roster contains main hospitality teams like Aditya Birla Hospitality (Hakkasan, Yuatcha), Lite Chew Meals (Punjab Grill), The Beer Cafe, Effingut Brewery, and Nando’s throughout hundreds of shops.Reelo’s most bold guess lies in restaurant memberships, an idea impressed by Amazon Prime and Panera’s US espresso subscriptions. These aren’t conventional loyalty programmes however pay as you go plans loaded with particular perks: free drinks, precedence seating, unique menu entry.In 2023, Reelo secured a $1 million seed spherical led by Silicon Valley-based angel investor Gokul Rajaram. Worldwide growth is already underway within the Center East and Southeast Asia, with Sanghvi betting restaurant memberships will change into globally commonplace.
Ladies Entrepreneurs
Nurturing women-led startups
Through the COVID-19 pandemic, Manisha Acharya observed that women-centric startups had been shutting down at alarming charges as entrepreneurs struggled to steadiness firm work with household duties.
The rapid resolution was easy: to supply assist for women-led startups at each stage. Primarily based in Bhubaneshwar, WEneurs Discussion board was registered on August 12, 2021, and have become the primary incubator and accelerator from Japanese India to be devoted to girls entrepreneurs.
Bharat ke Innovators
Edtech startup skilling rural India
Talent Darpan is a quickly rising edtech startup that goals to democratise entry to job-ready abilities for college kids from India’s Tier II and Tier III areas.
Software program for Bharat’s MSMEs
Floww APIs is a Patna-based SaaS startup simplifying enterprise operations for MSMEs in Bharat. Co-founded by IIT Bombay alumni, the platform affords vernacular-first, no-code instruments for HR, e mail, accounting, web sites, and logistics.
Information & updates
Cha-ching: Pop Mart, the Chinese language toy agency behind the massively standard Labubu dolls, has stated its earnings are set to soar for the primary six months of this yr. The Beijing-based firm stated it expects earnings for the interval to leap by not less than 350% as revenues greater than tripled.Make in America: Apple is investing $500 million in a take care of US uncommon earths firm MP Supplies. The transfer is a part of a $500 billion funding Apple introduced earlier this yr to broaden its US operations amid strain from US President Donald Trump.Balancing act: France’s Prime Minister François Bayrou has proposed chopping two public holidays as a part of a finances proposal as he confused that France was “in mortal hazard” of being crushed by debt. Bayrou recommended axing Easter Monday and eight Could, a day that commemorates the Allied victory on the finish of WWII.
What product does Volkswagen promote that outperforms its vehicles in gross sales?
Reply: Currywurst sausages.
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