Your Wednesday Update is Here: 2 mins Today!

April 10, 2024 • Estimated Reading Time: 4 minutes

Hello Otter community!

In today’s edition: Hometurf elections are yet to begin but looks like it is raining votes for India in the UN; Internationally, the China outlook is still sour despite improved growth metrics; Perhaps, Apple saw it coming because it has been doubling down on its Indian manufacturing; Vistara and Air India’s pilot woes won’t be ending anytime soon; Are you planning to subscribe to the biggest FPO in Indian equities?

Also, we are bringing you exciting updates straight from ‘Google’s Cloud Next’, its annual developer conference in Las Vegas!!!

Speaking Google Cloud GIF by MultiversX

TODAY’S HIGHLIGHTS

  1. India sweeps UN Elections, 🌐🇮🇳 secures key positions in multiple bodies including re-election to Narcotics Control Board, Pavadia Gets Highest Votes 🌍🗳️

  2. 20 new coal mines set to boost domestic production, curtail imports as India aims for self-sufficiency in energy! 🌏🔥

  3. Apple Inc. ramps up iPhone production in India, assembling $14 billion worth in fiscal 2024, a move to diversify beyond China! 📱💰

  4. UPI transactions surge by 56% in later half of 2023, dominating the Indian payments landscape, according to Worldline India report

  5. India ranks 2nd in hepatitis B and C cases globally, 🏥💉WHO report reveals

  6. Pilots quit Vistara and Air India over pay concerns, management disputes claims 🛫💼

  7. VI India’s Rs.45,000 cr fundraising endeavor: Vodafone Idea is set to raise record Rs.18,000 to 20,000 cr in largest Indian FPO, 💰🚀 government backing secured 📈 Will add to previous Rs.8,200 cr from anchor investors

  8. Zetwerk to invest Rs.1,000 cr 📱💻🛠️ in electronics manufacturing expansion, aims for leading ODM position!

THE MARKET MOVEMENT

  1. Power: Godawari Power & Ispat Ltd surges over 7% as Chhattisgarh biomass plant resumes full operations after fire incident 🔥📈

  2. Infra: Reliance Infra shares drop by 20% after SC ordered a refund of Rs.8,000 crores paid to its subsidiary by Delhi Metro Rail Corporation 📉

  3. Aviation Tech: Ramco Systems secures multi-million-dollar deal with Korean Air, shares spike 18% 🚀✈️

  4. Fintech: Policy Bazaar's parent company, PB Fintech, hits 52-week high as, PB Pay, its subsidiary incorporation and partnership announcement boost shares by over 5% 📈

GEOPOLITICS SPOTLIGHT

  1. South Korea 🇰🇷 to invest $6.94 billion 💰 in AI by 2027 to bolster semiconductor sector 🧠💻

  2. After Taiwan 🇹🇼, US 🇺🇸 awards $6 billion 💸 subsidies to Samsung 📱 to amp up domestic semiconductor production in Texas 🤖🏭; South Korean tech giant’s U.S. investment totals to $44 billion 💼💡

  3. Fitch, the rating agency, adjusts China's 🇨🇳 sovereign credit outlook to negative, citing concerns over public finance amid economic uncertainties 📉💸

  4. Japan’s 🇯🇵 telecom giant Yomiuri Shimbun Group and newspaper Nippon Telegraph and Telephone’s manifesto call for urgent AI legislation, warning of democracy's collapse 📰🚨

TECH NEXUS

#GoogleCloudNext #UpdatesFromLasVegas

  • Google's Gemini 1.5 Pro dazzles!! ✨ AI powerhouse transforming code and content analysis with a million-token might 🌐💡Revolutionizes AI's grasp on data

  • Google debuts Gemini Code Assist, a game-changer in AI code completion and assistance tool 💻

  • Google introduces Google Vids: AI-driven video wizard for creative collaboration in Google Workspace 🎥🚀 Currently under limited testing

  • Google launches Vertex AI Agent Builder to simplify creation of advanced AI agents for conversational interactions 🤖💬🔧

  • Google unveils open source tools for generative AI projects, including MaxDiffusion and JetStream 🚀🔓💻

  • Nvidia’s cutting-edge Blackwell platform 🌟 will release on Google Cloud early next year

  1. Meta to launch Llama 3, its next-gen large language model, within a month! 🚀

  2. Quora's Poe introduces per-message pricing for AI chatbots, empowering creators to monetize interactions 💬💰

  3. Rush for data goldmine: Big Tech races to pay millions to access images, videos, and music files to feed and train AI models 💰🔍 Reuters exposé reveals multi-million dollar deals with Shutterstock, Photobucket, and more!

  4. Oracle launches AI-powered cloud service to enhance Anti Money Laundering compliance for banks 🏦💡

 

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