LegalPay launches AI-driven ImageMatch to assist creators fight their Copyright Infringements

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July 10, 2023

LegalPay, India’s biggest litigation funding startup, has unveiled an AI-powered image monitoring tool aimed at helping professional photographers and artists protect their visual content copyrights.

ImageMatch is a proprietary AI-powered technology that uses reverse image search to track how images are used online effectively.

These professionals can import their images quickly and easily with ImageMatch, eliminating the need to conduct reverse image searches on platforms like Google manually.

The potential loss in photography copyright infringement cases can vary depending on several factors. Still, the industry estimates that cases should be settled for a minimum of INR 15,000 per copyright violation.

Talking about this innovative technology, Kundan Shahi, the Founder and CEO of LegalPay, said, “Imagematch can search the Internet similar to Google Images and Bing Images to locate any instances of stolen images. This makes it effortless for users to detect image theft, and the system automatically identifies copyright violations and documents where the images are located on the web. Additionally, the system stores the results, eliminates duplicate findings, and removes any false positives.”

Shahi continued by saying that ImageMatch carefully searches the web for instances of your images and meticulously records them, storing the results safely for an indefinite period.

This tool can quickly search all websites and platforms to find all morphed or manipulated images on the web. The platform is built on a highly scalable cloud infrastructure, making it quick to respond and able to handle an infinite quantity of media and related data.

By identifying these instances of intellectual property violations and enabling users to seek compensation for their losses as a result, LegalPay would then help to resolve these situations where there have been violations.

“This not only serves to prevent copyright infringement for professional photographers, creators, and artists but also safeguards their IP rights by providing them with the necessary legal recourse in the event of a breach,” Shahi said.

Nuvepro joins hands with Imarticus Learning to deliver secure and immersive hands-on learning experience for students

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July 10, 2023

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Nuvepro, a leading hands-on learning platform, has announced that it has partnered with Imarticus Learning, a leading EdTech firm specializing in finance, analytics, technology, marketing, and management training.

In 2021, Nuvepro collaborated with Imarticus Learning to look into the potential benefits of integrating hands-on experience with cloud technologies in their curriculum.

This partnership aimed to improve Imarticus students’ learning experience by adopting a more practical approach to learning in investment banking and other sensitive industries.

Nuvepro seamlessly incorporated its expertise in hands-on learning to provide a customized solution after recognizing the initial hurdle faced by Imarticus, which was a pressing need to have robust security measures keeping in mind the sensitive nature of the investment banking industry.

With the help of Nuvepro, Imarticus students can now learn the intricate details of investment banking with the confidence that cutting-edge security measures protect their learning environment.

Arun Reddy, COO of Nuvepro, said, “Through our tailored cloud lab solutions, we empower learners to gain invaluable hands-on skills, making the overall learning process more effective. Security is paramount, especially when serving banking and financial customers. That’s why our lab platform is VAPT performed, ISO27001 certified, and SOC2 compliant, ensuring a secure environment for learners.”

Nuvepro’s collaboration enabled Imarticus to deliver specialized training to renowned banking organizations like DBS Bank and CitiBank. Imarticus Learning and Nuvepro also worked with Citibank on several programming projects, showcasing the flexibility and scalability of their cloud lab solution.

This partnership has bridged the gap between academia and industry while also revolutionizing the training process for students. Imarticus has upskilled its students and given them the knowledge and practical skills they need to succeed in investment banking by embracing cloud labs.

Nikhil Barshikar, CEO of Imarticus Learning, said, “Nuvepro’s partnership with Imarticus Learning is a game-changer in the education landscape. By integrating hands-on learning and cutting-edge technology, we equip our students with invaluable practical skills in the dynamic business world. We firmly believe this partnership will leave a lasting impact, empowering individuals to lead, innovate, and make a positive difference in their respective fields.”

HRAWI collaborates with CII-IGBC to drive green building initiative in hospitality industry

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July 10, 2023

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The Hotel and Restaurant Association of Western India (HRAWI) has partnered with the Confederation of Indian Industry (CII) – The Indian Green Building Council (IGBC) to promote sustainable practices and foster a green building movement within the hospitality industry. The two organizations signed the MoU at a recent seminar organized by HRAWI on Life, Property, and Environment Safety for the Hospitality Industry in Mumbai.

As HRAWI and CII-IGBC collaborate to create a sustainable built environment for hospitality projects across India, this represents a turning point for the industry. The collaboration aims to increase awareness, implement best practices, and drive positive change in the industry with a shared vision to prioritize environmental conservation and sustainable growth.

“By prioritizing life, property, and environmental safety, we not only fulfill our ethical obligations but also lay the foundation for sustainable growth and success. The signing of the MoU between HRAWI and IGBC is a stepping stone in this direction. We will continue to hold awareness programs and seminars to educate stakeholders on the conservation of water, food, and energy and to share best practices, most importantly about how to achieve a Net Zero energy, water, waste, and achieving carbon neutrality. IGBC will play a crucial role in helping us with various ideas of recycling and reusing and will assist us in execution. With this collaboration, HRAWI and CII-IGBC aim to inspire and support the hospitality industry in implementing sustainable development practices, promoting environmental stewardship, and contributing to a greener and more sustainable future for India,” says Mr Pradeep Shetty, President, HRAWI.

The MoU signifies HRAWI’s commitment to promoting water conservation, energy efficiency, and responsible waste management within the hospitality industry. By working together, HRAWI and IGBC will offer stakeholders guidance and support, facilitating the implementation of sustainable measures and enabling long-term cost savings for businesses.

“Back in 2001, Indian Green Building Council (IGBC) started the Green Building movement in the country, and its vision is to enable a sustainable built environment for all and facilitate India to be one of the global leaders in the sustainable built environment. Towards this effort, HRAWI and IGBC have come together to raise awareness about the benefits of building sustainable properties across the hospitality industry. This will include incorporating existing establishments as well. The country has 17.65% percent of the world’s population but only 4 percent of its fresh water resources. If we do not conserve, preserve, reuse, and recycle, then we will have a major problem on our hands in the near future,” says Mr Gurmit Singh Arora, Chairman, IGBC.

“Through sustainable green building practices, our hotel in Phaltan has achieved remarkable results. Our monthly electricity bill has decreased from Rs.9 lakhs to just Rs.1 lakh, showcasing significant cost savings. Additionally, despite operating in a water-scarce region, we are proud to say that we no longer rely on borrowed water. This demonstrates that while sustainable building practices may require initial investment, they lead to substantial long-term savings. With the signing of the MoU, our goal is to inspire other hotels to embrace sustainable development. HRAWI is fully committed to this endeavour,” concludes Mr Sandeep Talaulicar, Executive Committee Member, HRAWI.

AI4Bharat researchers to raise $12mn funding from Peak XV, Lightspeed

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July 8, 2023

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Researchers at AI4Bharat, a start-up backed by Microsoft, are raising $12 million from venture capital firms Peak XV and Lightspeed Venture, according to three people familiar with the matter.

After OpenAI’s ChatGPT amazed users with its ability for human-like conversation, a larger-than-usual seed funding round is evidence of the growing interest in generative AI. Most seed rounds are up to $1 million to $2 million.

The Indian government has also supported AI4Bharat, which has been developing AI models for speech recognition and translation. In May, it launched a mobile assistant to provide information on government schemes in various languages.

Incubated at the Indian Institute of Technology in Madras and supported by a grant from Infosys co-founder Nandan Nilekani, AI4Bharat is also working with payments agency National Payments Corp of India to develop systems for voice-based payments on feature phones.

The investment is among the first made by Peak XV Partners, rebranded from Sequoia Capital India and SEA last month after splitting from its American parent fund.

According to the company’s website, Peak XV’s other AI investments are the voice assistant firm AI Rudder, the computer vision firm Mad Street Den, and the enterprise marketing platform Insider.

An uncertain economy has discouraged investments for other companies, but the buzz around generative AI among consumers and businesses has helped related start-ups draw funding. As of June, data from Venture Intelligence shows that Indian AI start-ups had raised $583 million this year. Their total funding last year was $2.45 billion.

Puratos India launches the Tegral Satin Cocoa Plant based Cake Mix

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July 8, 2023

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Puratos discovered that plant-based products have become more popular for several reasons, including ethical lifestyle, health benefits, and environmental sustainability in the “Taste Tomorrow” Consumer flagship Consumer Research Platform. Globally, the number of plant-based product launches in the bakery and patisserie sector is steadily rising.

Puratos India is happy to introduce Tegral Satin Cocoa Plant-based cake mix in response to consumer demands and the growing trend for plant-based baked products. This delicious cocoa cake mix offers the best taste, quality, and texture, enabling bakers and artisans to create tasty baked goods using plant-based alternatives.

Mr. Ashish Seth, Managing Director, Puratos Food Ingredients India Pvt. Ltd., “We are delighted to introduce Tegral Satin Cocoa Plant based cake mix, which is made using only the finest quality ingredients sourced from nature’s bounty. We believe in harnessing the power of plant food goodness to create desserts that are not only indulgent but also promote a healthier lifestyle. By introducing a plant-based cake mix, we are providing consumers with an alternative option that aligns with their dietary preferences and values”.

Puratos can customize products to match Indian preferences, values, and functionality due to their global presence, extensive experience, and R&D capabilities in India. Recent “Taste Tomorrow” surveys show that consumers are choosing products and services that are healthy for themselves and sustainable for the environment. When asked about using and consuming plant-based products, 69% of Indian respondents said doing so is better for their health than using animal-based products. 69% of consumers now buy plant-based products, up from 47% in 2018.

The Tegral Satin cocoa plant-based cake mix has real Belgian chocolate, a rich cocoa flavor, and a soft, moist texture. It is 100% plant-based and is available in 1 kg ready-to-mix packages. It is an excellent option for various customers because it perfectly satisfies the requirements of vegan diets and can be tailored to satisfy multiple dietary preferences or restrictions.

TikTok launches subscription-based music service to take on Spotify, Apple

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July 7, 2023

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Chinese short-video-making app TikTok has launched a subscription-based music streaming service to compete with industry leaders Apple and Spotify amid the growing Twitter-Meta fight over the Threads app.

TikTok Music, a subscription-only music streaming service, was first introduced in Brazil and Indonesia.

ByteDance’s existing streaming service, Resso, which is also available in India, will be shut down in Brazil and Indonesia on September 5. Users of Resso who already have accounts can switch to the new app.

“We are pleased to introduce TikTok Music, a new kind of service that combines the power of music discovery on TikTok with a best-in-class streaming service. TikTok Music will make it easy for people in Indonesia and Brazil to save, download and share their favourite viral tracks from TikTok,” Ole Obermann, global head of Music Business Development at TikTok, said in a statement.

TikTok Music lets users sync the service to their existing TikTok accounts and listen, download, and share songs, reports TechCrunch.

The service features the record collections of significant companies like Universal Music Group, Warner Music Group, and Sony Music. In Brazil, a TikTok Music subscription costs $3.49 per month, while in Indonesia, it costs $3.25 for iOS users. Android users in Indonesia need to pay $2.96 per month for the first year and then $3.25 afterwards.

Despite not having a free membership option, TikTok Music does provide a one-month free trial.

Morgan Stanley Upgrades Asia Chip Stocks on AI Clamor

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July 7, 2023

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Morgan Stanley is even more optimistic about chip stocks in Greater China, Japan, and South Korea due to the long-term prospects for semiconductors linked to artificial intelligence.

The US broker raised the price targets for Korea’s Samsung Electronics Co. and SK Hynix Inc. and upgraded the sector in China to attractive from in-line. The chip industry in Japan was also upgraded from attractive to in-line, with Disco Corp. moving up to overweight.

“We expect tech deflation — price elasticity — coupled with secular AI semi demand will together trigger the next logic semi upcycle,” Morgan Stanley analysts, including Charlie Chan, wrote in a July 6 note. “Historically, the reversion of semi inventory days is a strong signal” for stock price appreciation, they added.

According to a note from Nomura Holdings Inc., global sales data reported by the Semiconductor Industry Association for May showed signs of bottoming out, with revenue increasing 1.7% from April.

After upgrading some names in South Korea and Taiwan in October, Morgan Stanley is expanding its bullish view of the region’s chipmakers. Since then, chip gauges have increased by more than 27% in both countries.

The company reported a spike in orders for AI semiconductors over the previous two weeks, revising earnings for players such as Taiwan Semiconductor Manufacturing Co. and advising investors to get involved in a smartphone recovery. Will Semiconductor Co. was upgraded to overweight.

Shawn Kim and other analysts claimed in a separate note that the DRAM market is expected to grow by nearly 10 times over the next four years, benefiting Korea’s memory chipmakers. SK Hynix was their top pick.

The company’s positive view came before Samsung announced its worst quarterly revenue since at least 2009.

“We are likely to see EPS power expectations meaningfully raised over the coming years behind the emergence of high bandwidth memory and accelerating demand for AI servers,” Kim wrote.

Tamil Nadu’s Atsuya secures spot in Google’s Startup Accelerator Program

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July 7, 2023

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Chennai-based Atsuya Technologies has been selected to participate in Class 7 of Google’s Startup Accelerator Program. It will participate in the three-month accelerator programme with 20 other Indian companies.

Tech companies using artificial intelligence/machine learning (AI/ML) are granted access to Google’s programs, resources, people, technology, and products under the programme. The only startup from Tamil Nadu to be included in Google’s list of 137 companies in India is Atsuya.

Rahul Ganapathy, co-founder, and chief executive officer (CEO) of Atsuya Technologies, said, “It is truly an honour to be a part of this prestigious program and have the opportunity to learn from and collaborate with such an esteemed community. We eagerly anticipate the acceleration of our growth journey through the invaluable support of Google.”

Atsuya Technologies is a deep tech company that uses the Internet of Things (IoT) and AI to help businesses operate effectively while focusing on sustainability.

The startup said, “The program commenced with a one-week face-to-face training camp in Bengaluru on June 12, providing valuable insights through comprehensive workshops and training sessions covering product and engineering, technology, growth strategies, and human resources.”

According to the report, the curriculum provided “significant” focus on AI/ML and generative AI, giving participants the knowledge and abilities to scale their businesses through workshops on product design, customer acquisition, and founder leadership, in addition to mentorship and technical project support.

TeamLease Edtech introduces AI-powered work-integrated degree and career discovery platform Digivarsity

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July 6, 2023

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TeamLease Edtech, a learning solutions provider, has launched Digivarsity, a tech-first platform that integrates academic learning with real-world experience for higher education students. The platform aims to equip students with the practical skills and academic knowledge required for long-term career success.

Digivarsity has already partnered with over 150 employers and ten universities in India to provide innovative degree programs with a focus on the workplace. It allows them to integrate their college studies with practical work experience and make informed educational choices. The platform aims to grow further and has plans to partner with universities that offer a range of educational options, including campus-based, online, and distance learning programmes. Employers have also committed to sponsoring eligible students for Rs 25 crores for the current academic year.

Additionally, the company has partnered with several PSUs to develop further work-integrated degree programmes, including the Board of Apprenticeship Training (BOAT-WR), CSC Academy, Assam Electronics Development Corporation (AMTRON), the Government of Telangana, and APSCHE (AP State Council of Higher Education).

“Digivarsity is set to herald a transformational change in the higher education landscape in India. Over the next five years, we will invest Rs 100 crore to scale the platform and reach over 10 lakh students. The goal is to equip students with the skills demanded by the job market and shape the future workforce,” said Shantanu Rooj, founder and CEO, TeamLease EdTech.

The launch of Digivarsity addresses significant challenges that employers and universities face today. Most employers complain about their inability to hire and retain skilled workers, and universities struggle to provide students with employability-focused skill development. With the help of Digivarsity, universities can expand their impact and reach while enabling work-integrated degree programmes and building a talent supply chain for the future.

“Every student enrolling to the Work-Integrated Degree Programs of the partnering Universities shall be provided with an On-job internship/apprenticeship opportunity with an employer. The student shall hence graduate with real-world work experience. Moreover, every learner shall also get a monthly stipend to support his education and other costs, thus enabling the vision of ‘Earn while you Learn’,” says Neeti Sharma, president and cofounder, TeamLease EdTech.

“At Digivarsity, we believe in leveraging technology to personalise education,” explains Jaideep Kewalramani, COO and head of employability business, TeamLease EdTech. “Our AI-driven platform is designed to meet the specific needs of students and employers. We consider subjective and objective variables such as location, interests, academic background, and aptitude, providing a truly personalised experience. It matches higher education programs with relevant employer opportunities, ensuring students receive targeted guidance. Additionally, the platform utilises progressive Aptitude Tests, Visual Cues, and Digital Video CVs to enhance the candidate assessment process. This sets us apart from traditional education platforms.”

Battery Smart bags $33mn in funding from Tiger Global, Blume Ventures, others

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July 6, 2023

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Battery swapping network Battery Smart said it had raised $33 million (around Rs 272 crore) in funding that saw participation from the company’s existing investors, Tiger Global, and Blume Ventures, as well as new investors, The Ecosystem Integrity Fund (EIF) and British International Investment (BII).

The company said in a statement that it will use the funds to expand its geographic reach and add 1 lakh new customers to its network by 2025.

“With 25,000 active customers across tier 1, 2, and 3 cities, we are keen to reinforce our ESG objectives while supporting India’s pursuit towards net-zero emissions. This investment also signifies our commitment to enhancing the livelihoods of our station partners and drivers, empowering them to play a significant role in India’s transition towards electric mobility,” Battery Smart cofounder and chief executive Pulkit Khurana stated.

Battery Smart received $25 million in Series A funding in June 2022 from Tiger Global, Blume Ventures, and Orios Ventures.

“We are excited to partner with Battery Smart, a company whose innovative business model has enabled impressive and sustainable growth,” said Devin Whatley, Managing Partner, The Ecosystem Integrity Fund.

“We are excited to continue to invest behind Pulkit, Siddharth, and the entire Battery Smart team and their mission to simplify and accelerate electric vehicle adoption and, therefore, clean transportation,” said Deep Varma, Head of Singapore, Tiger Global.

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