Meta’s Plan To Win AI Race🥇
Meta’s Plan To Win AI Race🥇
Happy Monday! QR code payments, Wipro Consumer VC looks for more rounds, Exits at Byju’s advisory council, Funding Deals and more.
Welcome to another edition of Rise & Shine!
As we begin this week, let’s reflect on the powerful connection between our physical and mental well-being.
“The body should be treated more rigorously, so that it may not be disobedient to the mind.”
- Seneca
By caring for our bodies through regular exercise, proper nutrition, and adequate rest, we create a solid foundation for our minds to function optimally.
This week, let’s commit to a routine that nurtures both our physical and mental health.
Not many updates today, let’s focus on ourselves and improve!
Tech Updates
Meta’s Plan To Win AI Race: Give it’s tech away free
Mark Zuckerberg has an unusual plan for winning the artificial-intelligence race: giving away his company’s technology free. Like many of its rivals, Zuckerberg’s Meta Platforms is spending tens of billions of dollars on high-end computer chips, top-flight computer scientists, and gigawatts of electricity to build the most powerful AI tools it can. Unlike any of those rivals, some of whom made AI announcements last week, Zuckerberg is giving away the fruit of that investment—Meta’s most advanced chatbots and the technology that drives them.
QR code payments swiping at PoS terminals
The ease of digital transactions is driving a shift from debit card usage as customers and merchants increasingly prefer Unified Payments Interface (UPI) for day-to-day payments. Deployment of new point-of-sale (PoS) terminals grew 14% year-on-year in FY24, the slowest pace since demonetisation, data from the Reserve Bank of India (RBI) showed.
Wipro Consumer VC looks for more follow-on rounds
The approach of Wipro Consumer Care – Ventures has been to invest $1-3 million per deal with a follow-on investment that can go up to $4 million. The second fund will look to build a portfolio of around 15-16 companies, largely with the same ticket sizes, with a little more focus on follow-on funding, said the VC firm’s managing partner, Sumit Keshan.
Rajnish Kumar, Mohandas Pai to exit Byju’s advisory council
The advisory council at embattled edtech firm Byju’s is being dissolved as its two key members have decided not to renew their annual contracts which end on June 30. Rajnish Kumar, former State Bank of India chairman, and Mohandas Pai, previously CFO at Infosys, will be stepping down from the company’s advisory council.
Funding Deal
Managed accommodation provider Stanza Living has raised Rs 110 crore ($13 million) in a bridge round led by Alpha Wave.
👨🏻🦰 Short Story: The Transformation of Marcus
Once upon a time in ancient Rome, there was a young man named Marcus who aspired to be a philosopher. Despite his aspirations, he often found himself struggling to concentrate and maintain focus.
Seeking advice, he visited the wise Seneca. Observing Marcus’s lifestyle, Seneca noticed he paid little attention to his physical well-being and advised, “The body should be treated more rigorously, so that it may not be disobedient to the mind.”
Taking this advice to heart, Marcus began a regimen of regular exercise, balanced nutrition, and adequate rest.
Over time, he noticed significant improvements in his ability to think clearly and engage in deep philosophical thought.
Marcus’s journey is a testament to the profound impact physical discipline can have on mental clarity and overall life satisfaction.
Tweet of the day🐥
As we move through this week, remember the importance of maintaining harmony between your body and mind.
Treat your body with the care it deserves, and you will find your mind more capable of achieving great things.
Have a wonderful Monday and a fulfilling week ahead!
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!
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