Jio & NVIDIA's AI Powerhouse🤝, PM Modi's G20 Vision🌐

Meta's Quest for GPT-4 Beating AI, Next G Alliance's 6G Exploration, Coinbase's India Exit Drama, Funding Deals and more.

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Tech Updates

• 🤝 Reliance’s Jio and NVIDIA Join Forces to Power AI in India 🧠

  • Reliance's Jio Platforms is teaming up with NVIDIA to establish cutting-edge cloud-based AI infrastructure in India. This strategic partnership will leverage NVIDIA's expertise in CPU, GPU, networking, and AI technologies to accelerate the growth of AI applications and services across the country. 🇮🇳🔥

• 🌐 PM Modi Advocates Crypto Regulation, Cybersecurity, and Human-Centric AI Governance at G20 Summit 💻

  • At the G20 Summit's 'One Future' session, Prime Minister Narendra Modi emphasized the significance of addressing cybersecurity, regulating cryptocurrencies, and promoting human-centric AI governance. Modi highlighted cryptocurrency as a new challenge to social and financial stability, calling for the establishment of global standards to govern its use. 🌍🔐

• 🤖 Meta Developing AI Model to Surpass GPT-4 🌟

  • Meta is gearing up to unveil a formidable AI system that aims to surpass OpenAI's GPT-4 in power, as reported. Expected to be ready in the coming year, Meta plans to commence training in early 2024. This development signifies Meta's ambition to empower companies with advanced text analysis and other cutting-edge services. Stay tuned for the next AI breakthrough! 🌐📈

• 🌐 Next G Alliance and Bharat 6G Team Up for 6G Tech Exploration📡

  • Alliance for Telecommunications Industry Solutions (ATIS)’s Next G Alliance and the Bharat 6G Alliance announced on September 9 that they have signed a memorandum of understanding (MoU) to explore collaboration opportunities on 6G wireless technologies.📶🌟

• 💼 Coinbase Shuts Shop in India, Urges Users to Withdraw Funds 📈

  • In a significant move, cryptocurrency exchange Coinbase has decided to cease operations in India. Users have been notified via email to withdraw their funds from the platform by September 25, as both the website and app will no longer be accessible thereafter. 💰👋

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Funding Deals

• Compliance and risk management platform Certa has raised $35 (about Rs 291 crore) million in its Series B round led by Fin Capital and Vertex Ventures Southeast Asia and India. Tru Arrow Partners, Point72 Ventures, BDMI, the family office of Aglae Ventures, Mantis VC, and GOAT Capital also participated in the round.

• Food-delivery major Swiggy’s former chief technology officer Dale Vaz on Friday said he had secured seed funding from venture capital funds Accel and Elevation Capital for his new firm, Aaritya Technologies.

• Early-stage investment firm Venture Catalysts has announced that it made a partial exit from its portfolio startup Cusmat with over 4.2 x returns in less than three years.

• Tiger Global and Flipkart Ventures-backed G.O.A.T Brand Labs have acquired the remaining stakes from Mumbai-based kids clothing brand Frangipani from its founders.

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Tweet of the day🐥

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“Hoping for the best, prepared for the worst, and unsurprised by anything in between.”

- Maya Angelou

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🚀 That's a wrap for today's tech rollercoaster! Hope your day's charged up!

Catch those dreams and meet us back here tomorrow for the Weekly Review edition.

Until then, stay geeky, stay curious, and remember, the future's just a click away! 🌟