Discover more from Rise & Shine ☀
Apple's Ambitious iPhone Plans📱, Microsoft's AI Shakeup🤖
Fintechs Redefining Growth with Card Distribution, OpenAI's Internal Strife, ShareChat's Fiscal Landscape, Persistence, Funding Deals and more.
Welcome to Rise & Shine, where the spirit of perseverance takes center stage.
"Don't give up, great things take time."
In the face of challenges and amidst the ebb and flow of progress, these words serve as a beacon of encouragement.
Join us as we delve into the profound simplicity of this statement, exploring the resilience it takes to endure the journey toward greatness.
In this edition, let's navigate the path of patience, understanding that the seeds we plant today have the potential to blossom into extraordinary achievements tomorrow.
Big Moves in AI Leadership at Microsoft🤖
Satya Nadella, CEO of Microsoft, has announced a significant boost to the company's AI efforts. Sam Altman, former president of OpenAI, and Greg Brockman, along with their talented team, will spearhead a new advanced AI research team at Microsoft. 🤝💡
Apple Aims Big: Targets Rs 1 Lakh Crore iPhone Production in FY24📱
Apple is set to achieve a groundbreaking milestone in India! The tech giant eyes the production of nearly Rs 1 lakh crore worth of iPhones in the current fiscal year. With partners already hitting over Rs 60,000 crore in the first seven months, Apple continues to make significant strides in the Indian market. 🌐💥
Fintechs Boost Topline: Eyeing Card Distribution Business for Growth💳
Fintech giants are changing the game! Two major players are in talks with banks to become distribution channels for credit cards, unlocking new avenues for growth. This strategic move not only aids fintechs in cross-selling but also offers banks a cost-effective means to tap into a pool of high-quality customers. 🤝💡
OpenAI in Turmoil: Staff Threatens Mass Exodus! 🌐🤯
Turbulence hits OpenAI as over 500 employees, including CTO Mira Murati and cofounder Ilya Sutskever, threaten a mass exodus if the company’s board doesn’t step down. This follows the departure of Sam Altman, triggering a wave of discontent among the staff. 🌊🚨
ShareChat's Parent Faces FY23 Loss Surge of 38%, Hits Rs 4,000 Cr📉💰
While Mohalla Tech, the parent company of vernacular social media platform ShareChat, saw a robust 62% surge in FY23 revenue at Rs 540 crore, the dark cloud looms as losses spiked by 38%, reaching a hefty Rs 4,064 crore. The downturn is attributed to non-cash factors like rising financing costs and impairment of investments in subsidiaries. 📊📈
Virtual credit card platform Kiwi has raised $13 million in a Series A round led by Omidyar Network India with participation from existing investors Nexus Venture Partners and Stellaris Venture Partners.
Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop (PPUS), has secured $8 million in Series D funding led by Sanket Parekh of Pidilite Family Office.
Tweet of the day🐥
As we bid farewell to this edition, let the echoes of "Don't give up, great things take time" resonate within you.
The journey toward greatness is often marked by twists, turns, and moments of uncertainty. Embrace the process, persist in your endeavors, and trust that your efforts, no matter how small, contribute to the masterpiece that is your life.
Thank you for being part of our community, where together, we find strength in resilience and courage in patience. Here's to the greatness that unfolds when we persist with unwavering determination.
Feel free to share it with someone who could use a little inspiration. Let's pass on the good vibes and make someone's day!
Thanks for reading till the end!