Not considering law to regulate AI growth in country: IT Ministry

The government is not considering bringing a law or regulating the growth of artificial intelligence (AI) in the country, as generative AI-based chatbots become a rage across the industry.

In a reply to a question in Lok Sabha, the Ministry of Electronics and Information Technology (MeitY) said it sees AI as a significant and strategic area for the country and technology sector.

“AI will have a kinetic effect on the growth of entrepreneurship and business and the government is taking all necessary steps in policies and infrastructure to develop a robust AI sector in the country,” said the Ministry.

The government published the National Strategy for Artificial Intelligence in June 2018 and proposes to develop an ecosystem for the research and adoption of AI.

MeitY said it has established Centres of Excellence in various emerging technologies including AI to explore opportunities in these specialized fields.

“These centers provide start-ups with premium plug-and-play co-working spaces and access to the ecosystem,” it added in its reply.

India is also a founding member of the Global Partnership on Artificial Intelligence (GPAI).

In an earlier interview with Media, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, had said that the government aims to make India a global powerhouse of AI which does not just stop on integrating foreign chatbots but building next-generation AI-based innovations to empower billions of citizens.

“AI will certainly transform the digital economy and grow the business economy in the country. AI is a ‘kinetic enabler’ of the digital economy and we want to be the global leader in AI,” the Minister had told Media.

NITI Aayog has also published a series of papers on the subject of ‘Responsible AI for All’.

More than 1,900 AI-focused startups are providing innovative solutions in the country, primarily in the areas of conversational AI, NLP, video analytics, disease detection, fraud prevention, and deep fakes detection.

Fantasy sports gaming revenue to reach up to Rs 3,100 cr during IPL 2023

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The gross gaming revenue of fantasy sports during the ongoing IPL season is likely to reach Rs 2,900 – Rs 3,100 crore, a report showed on Thursday.

According to the report by Redseer Strategy Consultants, the average revenue per user is expected to grow from Rs 410 in IPL 2022 to Rs 440 per user in IPL 2023.

Transacting users during IPL season is expected to grow by 25-30 percent in 2023, with nearly 60-65 percent of users coming from tier-2 cities and beyond.

“Steep growth in fantasy sports gaming will come from tier 2 cities driven by increasing adoption of fantasy platforms and cross-migration of users from other games,” said Ujjwal Chaudhry, Partner at Redseer Strategy Consultants. Increased Internet accessibility will give a push to the IPL economy.

Since its inception in 2008, IPL has predominantly been a televised sporting event with an audience of around 100 million viewers. Over the years, its viewership peaked at 460 million.

While the live game in the stadiums is where the real action is, its offshoots spread deep into the virtual world in the form of fantasy leagues.

Fantasy cricket is an online game where fans can create virtual IPL teams of real cricketers playing in the season.

The fantasy game requires users to play strategically, know each player’s records, and make their own estimations.

Points are earned based on the performance of their players in actual matches, with the platforms offering lucrative prize money to the users.

According to the report, the encouragement from the government in the form of formalized rules and regulations regarding GST for real money gaming (RMG) platforms, and Google allowing fantasy platforms on the Play Store, will further increase transacting users during IPL 2023.

“Measures like RNG certification, secure payment gateways, and fraud security, increase user trust in the platforms, and subsequently build confidence in the users to spend higher amounts on gaming,” said Saurav Kumar Chachan, Director, Redseer Strategy Consultants.

YouTube adds dedicated ‘Podcasts’ tab to channel pages

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Google-owned YouTube has added a dedicated “Podcasts” tab to its channel pages.

Channel pages on YouTube’s main website and mobile apps now include a “Podcasts” tab between “Live” and “Playlists”, which according to Google, is available globally, reports 9to5Google.

This new tab displays playlists that YouTube Creators have designated as podcasts.

Only content marked as podcasts will appear in YouTube Music.

Following the appearance of some users last Wednesday, that support is still in testing and has limited availability, the report said.

Those users who are waiting for that can use the new Podcasts tab to gauge what shows they listen to will appear in YouTube Music and encourage Creators to upload episodes as videos.

The podcast experience in the main YouTube app is still video-focused at this point, the report said.

Meanwhile, YouTube has rolled out song and album credits to its music streaming service ‘YouTube Music’.

With this new feature, users will be able to see song and album credits when listening to their favorite music.

The feature, where users can instantly see detailed song information, such as who the singer is and who wrote, produced, and composed each track, has long been a part of many other streaming services like Tidal.

Apple reveals first glimpse of its grand India retail store in Mumbai

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After years of wait, Apple on Wednesday finally lifted the curtains off its much-awaited own branded retail store in India, as it ramps up plans to boost local manufacturing in a fillip to the Central government’s ‘Make in India’ initiative.

Apple revealed the barricade of its first brick-and-mortar store in India at Jio World Drive Mall in Mumbai, officially marking the upcoming opening of Apple BKC.

Inspired by the iconic ‘Kaali Peeli’ taxi art unique to Mumbai, the Apple BKC creative includes colorful interpretations of the decals combined with many Apple products and services that will be available for our customers to discover.

The creative for the store features a bright welcome to people passing by with the classic Apple greeting, “Hello Mumbai”.

“To celebrate the opening of the new store, visitors can download the new Apple BKC wallpaper and move to the sounds of Mumbai with a specially curated playlist on Apple Music,” said the company.

The company is all set to open the gates of the India retail store to the public this month.

Apple will also possibly launch a retail store in New Delhi at a later date.

The tech giant has set another all-time revenue record for the India market, along with quarterly records in Brazil and India.

Apple CEO Tim Cook said recently that looking at the business in India, “We set a quarterly revenue record and grew very strong double digits year over year and so we feel very good about how we performed”.

“That’s despite the headwinds that we talked about. India is a hugely exciting market for us and a major focus. We brought the online store there in 2020. We will soon bring Apple Retail there,” Cook announced in February.

He said that Apple actually did fairly well through Covid in India.

“That’s the reason why we are investing thereby bringing retail there, bringing the online store there, and putting out a significant amount of energy there. I’m very bullish on India,” the CEO added.

Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 per cent growth (quarter-on-quarter) for its flagship device.

The Indian market share of iPhones reached 5.5 per cent for 2022, an 11 per cent growth (year-on-year).

Google quietly limits file creation in Drive

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Tech giant Google has quietly limited the number of files that users can create and save in Google Drive.

Now, users can create a maximum of five million files in Drive, reports The Verge, citing sources.

According to Google spokesperson Ross Richendrfer, this change aims to “maintain strong performance and reliability” and will help prevent “misuse” of the company’s systems.

Richendrfer further mentioned that when the users reach the limit, they will receive a notification and also that users can contact Google support to address the issue.

Although five million files might seem absurd for one person to upload, some users have actually exceeded that number.

As reported by many users, it seems that the tech giant did not alert the affected users about the newly implemented limit before it took place, the report said.

Meanwhile, last week, the tech giant introduced a “search chips” feature in Drive, which will allow users to filter by criteria like file type, owner, and last modified date anywhere in the web app.

Google introduces new travel features in Search

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Google has introduced three new features in Search to make it easier for users to browse hotels, book flights, and plan vacations.

The tech giant introduced a new way for users to browse and discover hotels on mobile.

According to the company, if you search for some hotel and tap to view more, they will find a new option to explore each property in a swipeable story format.

From here, they can tap through photos of the hotel and get a better idea of it, plus they can also save the hotel, pull up more details about the area or view a summary of what people find notable about the property.

Moreover, Google also introduced a new pilot program for “price guarantees” for users in the US to save money on their next flight.

Now, if users see a flight with the price guarantee badge on Google, the company said that the price they see today will not get any lower before takeoff.

“We’ll monitor the price every day until departure, and if it does go down, we’ll send you back the difference via Google Pay,” Google said in a blog post.

“Now you can book with the confidence that you’re not missing out on a great deal. During this pilot program, price guarantees are only available for ‘Book on Google’ itineraries that depart from the US,” it added.

In addition, the company is making it easier to find things to do on vacation.

Now, users can look for an attraction or tour company on Search or Maps, and they will find prices directly on their listing, plus a link to book their ticket.

For famous places to visit, they will also find suggestions for related experiences, like a city-wide tour that includes multiple stops, the company said.

BYJU’S hires Ajay Goel as CFO amid myriad of problems

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Edtech company BYJU’S has appointed Ajay Goel as its chief financial officer (CFO), as it aims to strengthen the company’s financial operations and achieve profitability amid myriad problems.

Goel, who has worked with companies like Vedanta, GE, Coca Cola and Nestle, will be responsible for overseeing financial strategy and management for BYJU’S.

“With his extensive experience and diverse skill-set, Goel is the ideal candidate to take on the role of Chief Financial Officer as we continue to chart the course of sustainable growth in this exciting new phase,” said Byju Raveendran, Founder, and CEO, BYJU’S.

Goel will work closely with the founders and the senior leadership on strategy development, capital planning, and financial analysis.

The company has already missed its March 2023 deadline to achieve group-level profitability, as it envisioned in its earnings in October last year.

Last month, in a setback to BYJU’s, New York-based investment firm BlackRock in a private assessment slashed the valuation of edtech major BYJU’s to $11.15 billion from its $22 billion valuation that the company keeps referring to.

“BYJU’s is India’s most valued startup. If other investors follow BlackRock, it may translate into the first major downgrade of an Indian decacorn after Flipkart in 2016,” according to a report in The Arc, citing the filings.

BlackRock had entered the tech giant’s cap table at a $12 billion valuation in 2020. Its stake is under 1 percent.

BYJU’s is in the advanced stages to raise $250 million at a flat valuation, as it struggles to repay a $1.2 billion term loan and turn profitable in 2023.

The latest funding round is in the “final stages of discussion and will be closed soon within a few weeks”.

The edtech company is also winding up the coding platform WhiteHat Jr, which it acquired for $300 million, as part of the restructuring and cutting costs.

A glass of wine daily may not kill you: Study

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While overindulgence could dig you an early grave, a daily alcoholic drink may neither be harmful nor offer any health benefits, according to a new study of 4.8 million people.

Though studies claim that at least a small quantity of alcohol may give death problems, some others say it will healthy and wealth benefits.

Researchers from the universities of Victoria and Portsmouth in Canada and the UK respectively conducted a systematic review and meta-analysis of 107 studies published between 1980 and 2021.

The findings showed that low and moderate drinkers have similar mortality rates to those who abstain entirely. On the other hand, women who enjoy more than one standard drink per day are at least 20 percent likely to die prematurely.

“In this updated systematic review and meta-analysis, daily low or moderate alcohol intake was not significantly associated with all-cause mortality risk,” the researchers wrote in the paper, published on the JAMA Open Network.

However, “increased risk was evident at higher consumption levels, starting at lower levels for women than men,” they added.

The study also found no significant protective associations of occasional or low-volume drinking (moderate drinking) with all-cause mortality.

But it showed an increased risk of all-cause mortality for drinkers who drank 25 g or more and a significantly increased risk when drinking 45 g or more per day.

When they looked at previous studies that suggest people who drink a little are less likely to die early or from heart disease than people who don’t drink at all, they found the evidence was skewed by systematic bias.

“For example, light and moderate drinkers are systematically healthier than current abstainers on a range of health indicators unlikely to be associated with alcohol use, (like) dental hygiene, exercise routines, diet, weight (and) income,” they wrote.

Scientists find how microgravity in space can alter human cells

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Scientists discovered how Humans cells sense and replay the weightlessness experienced in space, an advance that would be useful for keeping astronauts healthy and wealthy on coming space missions.

The gravity conditions in space, known as microgravity, trigger a unique set of cellular stress responses. In the study, researchers found that the protein modifier SUMO plays a key role in cellular adaptation to simulated microgravity.

“Under normal gravity conditions, SUMO is known to respond to stress and to play a critical role in many cellular processes, including DNA damage repair, cytoskeleton regulation, cellular division, and protein turnover,” said research team leader Rita Miller, a professor of biochemistry and molecular biology at the Oklahoma State University in Stillwater.

“This is the first time that SUMO has been shown to have a role in the cell’s response to microgravity,” she added.

SUMO can interact with proteins via two types of chemical bonds: a covalent attachment to a target lysine or noncovalent interactions with a binding partner. The researchers looked at both types of interactions in yeast cells, a model organism commonly used to study cellular processes.

They analyzed cells that had undergone six cellular divisions in either normal Earth gravity or microgravity simulated using a specialized cell culture vessel developed by NASA.

The stress of microgravity is affecting the cellular processes, and to recognize this, They started to distinguish between the protein expression for cells that experienced each gravity condition.

Then, to find out what was driving these protein changes, they looked more specifically at which of these proteins interacted with SUMO using mass spectroscopy.

In the cells experiencing microgravity, the researchers identified 37 proteins that physically interacted with SUMO and showed expression levels that differed from that of the Earth gravity cells by more than 50 percent.

These 37 proteins included ones that are important for DNA damage repair, which is notable because radiation damage is a serious risk in space. Other proteins were involved in energy and protein production as well as maintaining cell shape, cell division, and protein trafficking inside cells.

“Since SUMO can modify several transcription factors, our work may also lead to a better understanding of how it controls various signaling cascades in response to simulated microgravity,” said Miller.

Next, the researchers want to determine whether the absence of the SUMO modification on specific proteins is harmful to the cell when it is subjected to simulated microgravity.

The findings were presented at the recently held annual meeting of the American Society for Biochemistry and Molecular Biology in the US.

Blue badges have legacy Twitter users after April

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As April Fool’s Day came and passed, the blue check marks on Twitter remained for legacy verified accounts and Elon Musk was yet to remove them and make those users pay $8 (Rs 900 a month in India) to remain verified.

Almost all legacy Blue check marks were intact on Monday, two days after the Musk deadline.

A new verified tagline for legacy Blue users now reads: “This account is verified because it is subscribed to Twitter Blue or is a legacy verified account”.

Twitter’s CEO on Sunday said that verification of accounts will help a lot.

“We are adding the date of verification to the profile. Note, only date since paid verification counts, since there was so much corruption in the past with legacy checkmarks,” he tweeted.

Musk has removed just one blue badge – that for the account of the New York Times which posted that it will not pay $8 for the verified Blue service with verification.

“Oh ok, we’ll take it off then,” the Twitter CEO posted.

However, Twitter can still remove legacy Blue check marks (unless it was indeed an April Fool’s Day prank).

According to Musk, only verified accounts will be allowed to appear in ‘For You recommendations’, starting April 15.

blue badges have legacy twitter users after april
Blue badges have legacy Twitter users after April

“Starting April 15, only verified accounts will be eligible to be in For You recommendations. This is the only realistic way to address advanced AI bot swarms taking over. It is otherwise a hopeless losing battle. Voting in polls will require verification for the same reason, he said last week.

“That said, it’s ok to have verified bot accounts if they follow terms of service and don’t impersonate a human,” Musk added.

Meanwhile, a report recently revealed that half of Blue service subscribers have less than 1,000 followers on the platform.

Twitter is also reportedly planning to give a $1,000 checkmark free to the top 10,000 organizations by follower count.