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Settled In Bengaluru: A Former NRI’s Life In A Spacious 6,000 Sqft Villa | The Tenant In this episode of The Tenant, meet the technology professional who returned from the US, eager to raise his kids in the embrace of Indian culture. Watch as he searches for a spacious home that echoes the comfort of his larger American abode and explore why he chose a community that’s both close-knit and peaceful. Listen to his insights on India’s changing opportunities and how he’s making the most of them. Discover the project that caught his eye, offering clever designs and layouts that blend traditional values with modern living.
Ant Group Ditches 3.6% Paytm Stake For INR 2,037 Cr
Antfin (Netherlands) Holding B.V. sold 2.27 Cr shares of One97 Communications, the parent of Paytm, for INR 895.2 per share Societe Generale, Morgan Stanley Asia Singapore, Citigroup Global Markets Mauritius, BNP Paribas Arbitrage, and Goldman Sachs (Singapore) Pte were among the buyers of Paytm shares Earlier this month, Antfin (Netherlands) Holding transferred its 10.3% stake in Paytm to the fintech giant’s CEO and founder Vijay Shekhar Sharma Chinese internet giant Ant Group offloaded a 3.6% stake in fintech giant Paytm on Friday (August 25) for INR 2,037 Cr through open market transactions. Antfin (Netherlands) Holding B.V. sold 2.27 Cr shares of One97 Communications, the parent of Paytm, for INR 895.2 per share, as per bulk and block deal data of the BSE. The subsidiary of the Ant Group sold the shares in 14 tranches. Shares of Paytm ended Friday’s trade 0.54% lower at INR 899.30 on the BSE. Societe Generale, Morgan Stanley Asia Singapore Pte, Citigroup Global Markets Mauritius Private Ltd, BNP Paribas Arbitrage, Goldman Sachs (Singapore) Pte, Motilal Oswal Fund, and Nippon India Mutual Fund, among others, were the buyers of the offloaded Paytm shares. Antfin (Netherlands) Holding held a 23.79% stake in Paytm at the end of the June 2023 quarter, which declined to 20.21% following Friday’s stake sale, as per Paytm’s shareholding data available with the BSE. Earlier this month, Antfin (Netherlands) Holding transferred 6.53 Cr Paytm shares, or 10.3% stake, to the fintech giant’s CEO and founder Vijay Shekhar Sharma’s Resilient Asset Management through an off-market transaction. While announcing the transaction, Paytm said it would reduce Antfin’s stake in the company to 13.5% and increase Sharma’s stake to 19.42%. The development comes at a time when the government has increased scrutiny of Chinese investments in Indian companies. The Ant Group is an affiliate of Jack Ma’s Alibaba Group. In February this year, Ant Group’s senior vice-president Douglas Feagin resigned from the Paytm board. In the same month, Alibaba.Com Singapore E-Commerce Private Limited exited Paytm by selling a 3.31% stake. Amid all these, shares of Paytm have been on an upswing this year due to the company’s improving financial performance and a change in investor sentiment towards new-age tech stocks. Paytm’s net loss declined nearly 45% year-on-year to INR 358 Cr in the quarter ended June 2023. Operating revenue surged 39% to INR 2,342 Cr on strong growth in payments and lending business. A number of brokerages, including Goldman Sachs, Citi, and CLSA, gave a thumbs up to the company’s Q1 performance and a ‘BUY’ rating to the stock. They have also increased their target price. Shares of Paytm closed nearly 70% higher year to date on Friday.
Amazon: Amazon has a new app to ‘ensure’ farm-to-fridge quality for customers
Amazon India has introduced a new shelf monitoring solution called Johari. This is a Machine Learning (ML) powered farm-to-fridge quality assurance system for fresh produce. With this launch, the e-commerce giant aims to enable its sellers to meet the consumer demands for high-quality fresh fruits and vegetables on Amazon Fresh. Amazon’s Johari shelf monitoring system: Availability The shelf monitoring solution is avaiable for Amazon Fresh sellers as the Johari mobile app.The app supports both manual monitoring and automated monitoring using cameras installed on top of produce shelves.Amazon’s Johari shelf monitoring system: How it works In manual monitoring, operators use the Johari app to submit a produce crate image taken from their smartphone. The shelf monitoring solution assesses the image for quality and if acceptable analyses the image to detect defects and uses grading logic to highlight the items that don’t meet the quality criteria and need to be culled. Using this information, operators cull the highlighted produce and then update the app with their action. Operators can also see the details of defect types in the app. The manual monitoring solution takes around 6 seconds on average to assess a crate of produce items. In automated monitoring, the experience is similar to manual monitoring except that the images are taken by the camera in-store/site shelves, at periodic intervals that can be controlled by the site operator for each product. This new system uses neural networks and rule-based grading for monitoring and maintaining fresh produce quality. The tool is powered by vision models and Wi-Fi-enabled IoT cameras to detect pre-determined defects in fruits and vegetables using the image of the crate, as an input. Johari can detect the count of visible items of produce and identify specific visual defects such as cuts, cracks, pressure damage and more. Amazon has developed two types of models- one for detecting each item in the crate and counting the total number of items, and the second for identifying the defect classes present in each item. Both these models are trained using annotated defects in Millions of produced images.“Grocery continues to be one of the fastest-growing categories in India,” Amazon said in a press note. Amazon Fresh is available across 60+ cities and offers a full basket selection of (wet and dry grocery) products delivered to consumers at their preferred delivery slots.
Pova: Tecno Pova 5 series discount on Amazon: Bank card offers and more
Tecno launched the Pova 5 series earlier this month. The latest smartphone lineup includes two models — Tecno Pova 5 and Pova 5 Pro. Last week, both phones went on sale on Amazon. Now, the company has announced new bank discounts and offers on the Pova 5 series. Tecno noted that the offers will be applicable till August 31. Tecno Pova 5 series: PriceThe Tecno Pova 5 Pro was launched in two storage variants — 128GB and 256GB at Rs 14,999 and Rs 15,999, respectively. While the vanilla Tecno Pova 5 was launched at Rs 11,999. Tecno Pova 5 is available in three colour options — Amber Gold, Mecha Black and Hurricane Blue. Tecno Pova 5 series: Bank offers on Amazon Offer Details Discount Eligible Transactions HDFC Debit Card Holders Flat INR 1000 Instant Discount HDFC Bank Card EMI Transactions Bank of Baroda Credit Card – EMI 10% Instant Discount up to INR 1000 Bank of Baroda Credit Card EMI Transactions Bank of Baroda Credit Card 10% Instant Discount up to INR 750 Bank of Baroda Credit Card Non-EMI Transactions Citibank Credit Cards – EMI 7.5% Instant Discount up to INR 1000 Citibank Credit Card EMI Transactions Citibank Credit Cards – EMI (12-Month EMI Tenure) Extra Flat INR 500 Instant Discount Citibank Credit Card 12-Month EMI Transactions Citibank Credit Cards – Non-EMI 10% Instant Discount up to INR 750 Citibank Credit Card Non-EMI Transactions Tecno Pova 5 series: Key highlightsTecno Pova 5 Pro 5G features an Arc Interface that supports RGB LED lights designed for diverse functions such as music, incoming calls, notifications and low-battery alerts. The Pro variant has a 120Hz full HD+ display and is powered by the MediaTek Dimensity 6080 chipset. Meanwhile, the base variant features a Helio G99 SoC.Both smartphones house a 50MP dual rear camera setup. Pova 5 Pro has a 16MP selfie camera and a 500mAh battery that supports 68W fast charging. On the other hand, the base model has an 8MP front snapper and a 6000mAh battery unit with 45W fast charging support.
Msi: Here’s what MSI has to say on Windows 11 ‘unsupported processor’ update error
A day after reports suggested that some Windows 11 PC users faced issues after installing the latest update, MSI has acknowledged the problem and has provided a temporary workaround. On its part, Microsoft is also investigating if the issue is caused by the company itself.What’s the issueMicrosoft rolled out the KB5029351 update for Windows 11 OS earlier this week, however, some users who use MSI motherboards complained that the update is causing issues. They claimed that after installing the update, the users were greeted with a Blue Screen of Death with “UNSUPPORTED_PROCESSOR” error message.The specific cause of the issue is known yet. but it was reported that it could be related to MSI’s latest BIOS updates.“We are presently investigating to determine if this is an issue caused by Microsoft. We will provide an update when more information is available,” Microsoft said.What MSI has to sayMSI said that it is aware of the issue and asked users to not to install the KB5029351 Preview update in Windows. “MSI has received several reports of users encountering a Blue Screen of Death that has an error message that reads “UNSUPPORTED_PROCESSOR” with MSI’s 600/700 series motherboards after installing the Windows 11 update, KB5029351 Preview,” the company said.“While the investigation is underway, we recommend that all users temporarily refrain from installing the KB5029351 Preview update in Windows. We will keep you updated on the progress of our investigation,” the company added.Temporary workaroundMSI said that those who have encountered this issue, KB5029351 might automatically be uninstalled to allow Windows to restore to normal. However, if KB5029351 is not automatically uninstalled, “we recommend reverting your BIOS to the previous version and uninstalling KB5029351 from Windows.”
10 Innovative Leadership Styles for CEOs
CEOs are instrumental in shaping an organization’s culture, strategy, and overall success. Embracing innovative leadership styles allows CEOs to adapt to the evolving business landscape and inspire their teams to achieve exceptional results. In this article, we will explore innovative leadership styles that CEOs can adopt to drive growth and innovation. 1. Transformational Leadership CEOs who embrace transformational leadership inspire and motivate their teams to achieve extraordinary outcomes. They challenge the status quo, encourage creativity, and lead by example. Transformational leaders are adept at articulating a compelling vision that resonates with employees at all levels. By fostering a sense of purpose and shared mission, they create an environment where individuals are not just motivated by tasks, but by the larger impact of their work. This leadership style encourages continuous learning and personal growth, as leaders invest in developing the skills and potential of their team members. 2. Servant Leadership CEOs practicing servant leadership prioritize the well-being and growth of their employees. They focus on serving their teams, removing obstacles, and creating a supportive work environment. Servant leaders understand that by nurturing their employees’ professional and personal development, they can cultivate a loyal and engaged workforce. These leaders are accessible, approachable, and genuinely concerned about the needs of their team members. This approach builds a culture of trust and open communication, as employees feel valued and supported in their endeavors. 3. Adaptive Leadership Adaptive CEOs navigate complexity and change with agility. They adjust their leadership style based on the situation, empowering their teams to respond effectively to challenges. Adaptive leaders are skilled at analyzing dynamic environments, identifying emerging trends, and making swift decisions. They encourage a culture of flexibility and innovation, allowing their teams to experiment and iterate in response to changing circumstances. By demonstrating resilience and maintaining a solution-oriented mindset, adaptive leaders instill confidence in their teams during times of uncertainty. 4. Authentic Leadership Authentic CEOs lead with transparency, integrity, and a genuine commitment to their values. Their authenticity fosters trust and enables meaningful connections with employees. Authentic leaders are comfortable acknowledging their strengths and weaknesses, which humanizes their leadership style. This approach encourages open dialogue, as employees feel empowered to voice their opinions without fear of reprisal. Authentic leaders set clear expectations, provide constructive feedback, and hold themselves accountable, setting a positive example for ethical behavior throughout the organization. 5. Agile Leadership Agile CEOs promote a culture of continuous improvement and adaptability. They encourage experimentation, rapid decision-making, and a willingness to learn from failures. Agile leaders recognize that in today’s fast-paced business landscape, the ability to quickly pivot and seize opportunities is paramount. They foster an environment where calculated risks are encouraged, and failures are viewed as valuable learning experiences. By embracing change and innovation, agile leaders create a culture where employees are not afraid to step out of their comfort zones to drive growth. photo credit: Ketut Subiyanto / Pexels 6. Collaborative Leadership Collaborative CEOs emphasize teamwork, communication, and cross-functional collaboration. They create a culture where diverse perspectives contribute to innovative solutions. Collaborative leaders break down silos and encourage knowledge sharing across departments. They recognize that the best ideas often emerge from collaborative efforts, where different viewpoints intersect. These leaders invest in building strong relationships within and outside the organization, fostering a collaborative ecosystem that fuels creativity and problem-solving. 7. Visionary Leadership Visionary CEOs articulate a compelling vision for the future and inspire their teams to work towards it. Their ability to communicate a clear direction motivates employees. Visionary leaders possess a forward-thinking mindset and can anticipate industry trends and market shifts. They effectively communicate the “why” behind the company’s actions, giving employees a sense of purpose that transcends individual tasks. By aligning the team’s efforts with a shared vision, visionary leaders channel collective energy towards achieving ambitious goals. 8. Inclusive Leadership Inclusive CEOs value diversity and ensure that all voices are heard. They create an inclusive environment where employees from different backgrounds can thrive. Inclusive leaders celebrate diversity in all its forms and actively seek input from a wide range of perspectives. They champion diversity in hiring, promotions, and decision-making processes, creating a workplace where every individual feels valued and respected. This approach not only drives innovation but also enhances employee morale and engagement. 9. Results-Oriented Leadership Results-oriented CEOs focus on achieving measurable outcomes. They set challenging goals, track performance, and hold themselves and their teams accountable. Results-oriented leaders are metrics-driven and prioritize efficiency and effectiveness. They set clear expectations and provide the necessary resources for their teams to succeed. Regular performance evaluations and feedback loops ensure that progress is on track, and adjustments can be made as needed. This leadership style creates a culture of high performance and a relentless pursuit of excellence. 10. Disruptive Leadership Disruptive CEOs challenge industry norms and drive innovation by thinking outside the box. They embrace risk and explore new approaches to create transformative change. Disruptive leaders are change agents who are not satisfied with the status quo. They encourage experimentation and are willing to invest in unconventional ideas that have the potential to reshape the market. These leaders foster a culture of calculated risk-taking, where failure is seen as an inevitable part of the innovation process. Through their bold initiatives, disruptive leaders position their organizations at the forefront of industry evolution. Conclusion Innovative leadership styles empower CEOs to lead their organizations with creativity, agility, and a strong sense of purpose. By adopting transformational, servant, adaptive, and other innovative leadership styles, CEOs can drive growth, inspire innovation, and create a culture of excellence. Embracing these styles enables CEOs to navigate complexity, inspire their teams, and guide their organizations towards a prosperous future.
After Info Edge, Innov8 Files Arbitration Case Against Rahul Yadav’s 4B Networks
Innov8 filed an arbitration case against 4B Networks in the Delhi High Court in April this year for failing to pay rent amounting to INR 1.08 Cr 4B Networks had taken on rent an entire floor of coworking space provider Innov8 in a building in Mumbai, apart from two partial floors in the same building During the last hearing in the case on July 31, 4B Networks sought more time to file its reply, following which the HC granted it an additional 10 days for it There seems to be no end to the troubles of Rahul Yadav-led 4B Networks as Guerrilla Infra Solutions Private Limited, or Innov8, a coworking space provider, has dragged the startup to court over unpaid rents. Innov8 filed an arbitration case in the Delhi High Court in April this year against 4B Networks. “We had an entire floor of Innov8 in Boston House, Andheri East apart from other two partial floors in the same building,” a source told Inc42. Meanwhile, Moneycontrol reported citing sources that 4B Networks did not pay rent amounting to INR 1.08 Cr for the Innov8 office space it rented in Mumbai. The troubled company reportedly did not give any notice to Innov8 and simply left the office one day. Given the agreement between both parties had an arbitration clause, Innov8 had to go through the arbitration process before filing a criminal case, a source told the publication. Innov8 filed the case under Section 11 of the Arbitration and Conciliation Act after its attempts to resolve the issue failed as Yadav did not respond to calls and emails, the publication reported. As per the last court order dated July 31, 4B Networks sought more time to file a reply. “Last opportunity is granted to file the same within a period of 10 days from today,” the court order accessed by Inc42 said. The next hearing in the case was scheduled for August 28. Last month, Info Edge, an investor in 4B Networks, said both the parties had agreed for an appointment of an arbitrator for their dispute. Info Edge alleged it did not receive crucial information from 4B Networks despite initiating a forensic audit into the affairs of the proptech startup, following which it moved the Delhi HC. Earlier this year, Info Edge wrote off its entire investment in 4B Networks. In June this year, Inc42 exclusively reported about the troubles at 4B Networks, including unpaid dues of vendors and pending salaries of employees. Recently, a Rajasthan-based vendor filed an FIR against Yadav for alleged fraud and criminal breach of trust with the Economic Offences Wing (EOW). Yadav allegedly defrauded Interspace Communications to whom Broker Network owes INR 10 Cr.
AI Can’t Read Books. It’s Reviewing Them Anyway
Now that we’ve all had experience with large language models, their limitations are all too visible. Yes, they can write. But their prose doesn’t explode in the mind like the words of Jennifer Egan, Emily St. John Mandel, or David Foster Wallace do. Yes they can make music. But Taylor Swift and Kendrick Lamar are sleeping very well at night. And they sure can summarize history speedily and neatly, but not with the perspicacity of Barbara Tuchman or Ron Chernow. LLMs are just getting started, though. They’re bound to get better. But how much better? We’ve seen multiple instances where AI has conquered regions thought to be impenetrable by robots, from chess to the LSAT. Could it do the same in the creative arts? Lately I’ve been obsessed with that question. Can something generated with AI be truly brilliant? Given that, I was easy pickings for a PR release I received last week. The subject line: “AI book reviewers?” The press release touted “the first book to ever be reviewed by AI avatars.” I’ve written book reviews, and my books have been reviewed, and I know that the best examples of that art are penetrating and illuminating. Had someone cracked the code to do that via AI? So I followed up, and I found that the touted “book reviews” weren’t quite what I had in mind. It turns out that a PR firm was promoting a novel called The Cloud, one of those dystopian scenarios where a heroic human fights back against AI overlords, and the firm had come up with some AI gimmickry. It created a set of AI-generated characters—a rogue android, a time traveler, etc.—and had those characters offer assessments of the book. Sounds great, until you hear the details. The two- or three-sentence, ChatGPT-generated “book reviews” only drew on the jacket copy and some Amazon reviews. The avatars did not get access to the actual text of the book, “for copyright reasons.” Since most reviewers prefer to actually put eyes on the pages of the book they’re judging, these AI-generated comments would seem to not qualify as actual reviews. Indeed, they come off like promotional blurbs dashed off by a friend of a friend who hadn’t bothered to read the book or even ask what it was about. One typical example: “As a survivor of the post-apocalyptic empire, I can tell you that The Cloud by Robert Rivenbark is an enthralling read. With its gripping storytelling and memorable characters, I highly recommend this book.” Not one of these comments invokes the name of a single character, the theme of the book, the quality of the prose, or a glimmer that a mind was at work. Henry Roi, one of the PR execs in charge of the promotion, concedes that most authors do want actual humans to review their work. “But afterwards they want more content,” he adds, presumably for social media posts on TikTok and elsewhere. AI-generated content fits that bill. AI-generated video; Courtesy of Henry Roi PR So much for the avatars. Still, the experience got me thinking about whether it might be possible in the future for AI to create real book reviews. To get a baseline on the state of the art, I asked ChatGPT to review my own first book, Hackers. Since the book has been around for a while, there’s plenty of material for a large language model to chew on. Maybe ChatGPT could compensate for that lousy review Hackers got in the Sunday New York Times Book Review! (The Washington Post review was better.) ChatGPT prefaced its work with a disclaimer that, as an AI model, it didn’t have opinions or emotions. Nonetheless, it dove into the breach. The first paragraph read: “Hackers: Heroes of the Computer Revolution” by Steven Levy is a classic exploration of the early days of the computer industry and the pioneering individuals who shaped its development. Originally published in 1984, the book provides an insightful and engaging look into the world of computer enthusiasts, tinkerers, and programmers who were instrumental in laying the foundation for modern computing and internet culture. Not bad. But some people have told me they loved Hackers. Those fans might think that review was insufficiently enthusiastic. So for those loyal readers—not for me, you understand—I prompted ChatGPT to be more positive. It complied within seconds.
Google and Samsung are having a power struggle over their AR headset
Google’s vision for augmented reality has not been foggy lately, as its AR division struggles with layoffs, organisational changes, and the departure of top executives like Clay Bavor and Mark Luckoswy. And the consequences can be seen. Apparently, Project Iris, the glass-shaped AR headset with real-time translation shown last year, has been shelved. Google was also working on a second pair of AR headset in partnership with Samsung, but now the future looks grim for that one, too.The headset, rumoredly called “Project Moohan” internally, has become a “political headache” for Google, sources familiar with the development told Insider. Google is concerned that Samsung may dominate the product features and limit knowledge sharing with Google’s other hardware divisions due to fear of competition.The headset under development is said to offer a mixed-reality experience powered by the Android platform. It has reportedly been in development since at least last year. Google, Samsung, and Qualcomm are all working together on creating a mixed-reality platform.Another report suggests Samsung is starting to take control of the project and has delayed production following Apple’s Vision Pro reveal. According to Insider, Google employees think they do not have enough time to make the device stand out against the Vision Pro, even though the reveal stands delayed and would not possibly happen anytime before mid-2024.Google’s vision for augmented realitySome current and former Google employees have expressed frustration that the company did not show the same level of commitment and lost its lead. Some believe that Google’s reduction in spending last year and a push towards AI hampered its AR projects.Despite all that going on within its AR division, Google is not giving up on augmented reality. Apart from Project Iris, and its collaboration with Samsung, Google is exploring ways to incorporate AI with its AR glasses and is using Iris’ software for a project called Betty, which it plans to use as the building block for the “Micro XR” software that will be pitched to OEMs as the software for their glasses.According to Insider, Betty may be monocular, which means the wearer would only see the image on one lens, much like the Google Glass. Although there is another project at work, codenamed Barry, will use both lenses.Google has told employees that the company plans to ship these two devices by 2025 at the earliest, though Google still does not have a manufacturing partner for them.