Sunil Sonkar

SensiML has lately integrated RISC-V in its AI development toolkit and it is believed to be an important moment for AI future in the IoT devices. The company is learned to be well-positioned in democratizing AI for developers. It is not to forget that this is an era of edge computing. The integration is also learned to set a new standard in IoT development.

India's rise to claim 21% of global AI app downloads in the first eight months of 2024 signals a massive shift in the country's tech ecosystem. With over 2.2 billion AI app downloads globally during this period, India's growing appetite for AI tools along with image and video editors is nothing short of remarkable. But the number lies an interesting paradox: while India leads in adoption, it trails significantly when it comes to revenue generation.

The latest venture of Sourjyendu Medda into the sportstech sector named Sports For Life seems to be a promising shift in India's sports ecosystem. He had earlier co-founded DealShare and entry into a space is often overlooked by the startup community. It is like an untapped potential in nurturing athletic talent and building infrastructure.

DealDox has lately secured 43K in seed funding round and it highlights the growing demand for AI-powered solutions in the pre-sales automation space. It is now worth watching how it can disrupt the traditional Configure, Price, Quote (CPQ) platforms. However, the innovation of course promises to redefine how deals are structured and closed in B2B businesses.

Haber Nets has lately secured $38 million in a funding round. It is an AI-driven industrial robotics startup. It is set to revolutionize automation in various industries as the world today is of efficiency, sustainability and precision to stay competitive. It is set to reshape the operations of factories.

The Indian startup ecosystem witnessed a remarkable surge in funding between October 7 and 12. 32 startups managed to raise about $134.42 million funds and it is an increase of 45.11% from previous week. The figure last week was $92.63 million. The sudden rise seems optimistic but is simultaneously raising questions related to sustainability of such growth and especially in a volatile economic environment.

Mumbai-based Good Glamm Group has lately acquired Sirona Hygiene in an all-cash deal worth Rs 450 crore (approximately $60 million). It is a strategic move by the beauty and personal care giants to dominate the femtech space.

Novo Nordisk has recently collaborated with 10 Indian AI startups and it marks a significant moment for the Indian AI ecosystem. The Danish company is known for its weight loss drug Wegovy in the world and is leveraging homegrown AI innovation to streamline operations and enhance efficiency.

Games24x7 is branching out from gaming to mentor startups. It has decided to step in the tech segment through its TechXpedite accelerator program. It of course seems a strategic move for the gaming unicorn and simultaneously highlights its broader ambitions. The branching out is also a natural progression toward becoming a more diversified tech platform.

Data is considered the new oil today and machine learning has emerged as a powerful tool that is capable of extracting valuable insights as well as driving impactful solutions across various sectors. Understanding its applications and implications becomes important as organizations increasingly use the capabilities of machine learning.