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Invest4Edu Secures $3 Million Seed Funding to Accelerate Growth

Invest4Edu has successfully raised $3 million in seed funding from notable family offices. The investment will be directed towards expanding the company’s reach and enhancing its impact in early education planning and financial support.

Peeyush Agrawal, CEO of Invest4Edu, expressed enthusiasm about the funding, stating, “We are thrilled to announce the successful completion of our $3 million seed funding round. We extend our gratitude to our investors and everyone who supported us throughout this process. This funding marks a significant milestone in our mission to make quality education more accessible. We plan to use these resources to accelerate growth with a focus on sales and marketing, technology, and product development.”

Operating in both B2C and B2B2C segments, Invest4Edu is set to bolster its sales and marketing efforts, technology, and outreach programs. The company aims to expand its footprint through strategic partnerships and geographic growth, positioning itself as a leading player in the Ed-Fintech sector.

With the Indian higher education market valued at $73 billion and the study abroad market at $50 billion, Invest4Edu is targeting a market size exceeding $2.5 billion. The company plans to capture a significant share of the education planning market, aiming to reach over 1.5 million users and support a million families within the next two years. Revenue targets include building a Mutual Fund AUM of $250 million and achieving a monthly SIP book of $6 million.

In the past year, Invest4Edu has created over 50,000 personalized education journeys and established a network of 100+ business partners. The company’s financial literacy program has trained more than 8,000 youths, enhancing their financial skills and job opportunities.

Hitachi Vantara’s New Storage Appliance Earns Top ENERGY STAR Recognition for Performance and Efficiency

Hitachi Vantara has announced that its latest Virtual Storage Platform One Block storage appliance has achieved ENERGY STAR certification. This model has been honored as the top performer in the ENERGY STAR NVSS Disk Online 4 category, recognized for its superior performance and energy efficiency. Notably, Hitachi Vantara now holds the top three positions in this category, underscoring the company’s commitment to sustainable technology solutions.

The ENERGY STAR certification process rigorously assesses storage solutions based on their input/output operations per second (IOPS) per Watt, a crucial metric for efficiency. The Virtual Storage Platform One Block 28 model led with 538 IOPS per watt, followed by the Virtual Storage Platform One Block 26 at 409 IOPS per watt, and the Virtual Storage Platform E1090 at 368 IOPS per watt.

This accolade is timely as businesses face increasing pressure to enhance sustainability without compromising on performance or reliability. A recent survey revealed that 68% of IT decision-makers are concerned about the impact of AI/ML on their organization’s energy use and carbon footprint, while 77% believe that outdated data architectures hinder sustainability efforts.

Octavian Tanase, Chief Product Officer at Hitachi Vantara, emphasized the company’s commitment to integrating energy efficiency into their products. “We recognize the importance of energy efficiency in today’s data-centric world and are dedicated to helping our customers balance performance with reduced environmental impact,” said Tanase. “Our Virtual Storage Platform One Block exemplifies our forward-thinking approach, offering powerful, reliable, and eco-friendly solutions that significantly cut carbon emissions.”

The Virtual Storage Platform One is designed to excel in performance while supporting consolidation of multiple workloads onto fewer systems. This not only boosts operational efficiency but also helps businesses meet their green data center objectives by lowering their environmental footprint. Additionally, the platform features Dynamic Carbon Reduction technology, which reduces energy use by placing CPUs in eco-mode during low activity periods. “Always on compression” allows for energy savings by shifting from inline data reduction to post-processing, contributing to a reduced CO2 footprint by as much as 30-40%.

Record UPI Transactions Surge to 14.96 Billion in August

In August, Unified Payments Interface (UPI) transactions in India soared to a record-breaking 14.96 billion, marking a 41% increase from the same period last year, according to the National Payments Corporation of India (NPCI). The total transaction value for the month reached ₹20.61 lakh crore, reflecting a 31% year-on-year growth.

Daily UPI transactions averaged 483 million, with a daily transaction value of ₹66,475 crore. This achievement marks the fourth consecutive month where UPI transactions have surpassed ₹20 lakh crore. July’s figures slightly edged out August’s, with 14.44 billion transactions and a transaction value of ₹20.64 lakh crore.

India has emerged as the global leader in digital transactions, with over 40% of payments now being processed digitally, predominantly through UPI. NPCI CEO Dilip Asbe expressed optimism about UPI’s future, predicting it could reach 100 billion transactions within the next 10-15 years, supported by credit expansion. The Reserve Bank of India is also focusing on enhancing UPI and RuPay’s global footprint. The rapid growth of UPI is driven by the addition of 6 million new users monthly, the integration of RuPay credit cards, and UPI’s international outreach. NPCI is aiming for a future milestone of 1 billion transactions per day.

Kirti Pandey Appointed as First Chairperson of Uttar Pradesh Education Service Commission

In a landmark development for Uttar Pradesh’s education sector, Prof. Kirti Pandey has been named the inaugural chairperson of the Uttar Pradesh Education Service Commission (UPESSC). This newly established body will oversee teacher appointments across all educational levels within the state. Prof. Pandey’s term will span five years, during which she will lead the commission from its base in Prayagraj.

The appointment of Prof. Pandey, who currently serves as the Dean of Arts at Deendayal Upadhyay Gorakhpur University and is also the President of Vidya Bharati, follows a thorough search process. Although the position was initially intended for an IAS officer, the location of the commission’s headquarters in Prayagraj led to a preference among officers for roles in Lucknow or Noida. As a result, the government selected an esteemed educationist with significant academic experience and strong ties to the Rashtriya Swayamsevak Sangh.

Prof. Pandey’s educational journey began at Pavanagar Mahavir Inter College in Fazil Nagar, Kushinagar district. She pursued her higher studies at Kushinagar College before conducting research at Gorakhpur University under the mentorship of Prof. S.P. Nagendra, a noted sociologist and former Vice Chancellor of Lucknow University. Her extensive career in academia and administration has significantly contributed to the development of the university.

The creation of the UPESSC and Prof. Pandey’s appointment are pivotal in modernizing the teacher recruitment process in Uttar Pradesh, aiming to establish a more transparent and efficient system. This move reflects the Yogi government’s dedication to advancing the state’s educational standards, with Prof. Pandey’s leadership anticipated to bring valuable insights and effective management to the commission.

India’s Paralympic Glory Day Shines Brighter Than Gold!

September 2nd, 2024 will be remembered as a day of triumph and glory for India at the Paris Paralympics. With eight medals added to the nation’s tally, India’s athletes put on a stellar show, raising the country’s total medal count to 15 and securing a place in the top 15 on the overall medal table.

Sumit Antil: A Legend in the Making

The star of the day was undoubtedly Sumit Antil, the Indian javelin thrower who etched his name in the history books yet again. After clinching gold at the Tokyo Paralympics in 2021, Sumit returned to the global stage in Paris with the confidence of a champion. In a stunning display of athleticism, Sumit broke his own Paralympic record not once, but twice.

His first throw of 69.11m set a new benchmark, only for him to surpass it minutes later with a monumental throw of 70.59m, securing his second consecutive Paralympic gold. The Sonipat-born athlete, now a two-time Paralympic champion, displayed incredible poise and precision throughout the competition, leaving his competitors trailing in his wake.

Nitesh Kumar’s Gritty Gold in Badminton

In another moment of sheer brilliance, Nitesh Kumar emerged victorious in a nail-biting badminton final. Competing in the men’s singles SL3 category, Nitesh faced off against Great Britain’s Daniel Bethell in what turned out to be a match for the ages.

The match was a test of endurance and skill, with the two athletes pushing each other to the limit. After winning the first game 21-14, Nitesh found himself on the back foot as Bethell stormed back to take the second game 21-18. The third game was a rollercoaster, with momentum swinging back and forth. Nitesh’s aggressive smashes and tactical play ultimately gave him the edge, as he clinched the final game 23-21 to win his first gold medal at the Paralympics.

Mixed Emotions for Rakesh Kumar and Sheetal Devi

The dynamic duo of Rakesh Kumar and Sheetal Devi showcased their tenacity in the compound archery mixed team event, earning a bronze medal despite falling short of their ultimate goal. Both had earlier faced disappointments in their individual events, but they channeled their frustration into a determined performance in the team competition.

After a heart-breaking semi-final loss to Iran, where the match was decided by a shoot-off, Rakesh and Sheetal regrouped to win their bronze medal match. Their resilience was a testament to their fighting spirit, and their podium finish added another proud moment to India’s remarkable day.

Silver Lining for Yogesh Kathuniya

Yogesh Kathuniya continued to build on his legacy in the men’s discus throw (F56 category), earning his second consecutive silver medal. Despite his hopes of clinching gold, Yogesh delivered a strong performance, with his best throw of 42.22m. However, it was not enough to surpass Brazil’s Claudiney Batista Dos Santos, who set a new Paralympic record of 46.86m. Yogesh’s silver adds to his growing list of accolades, further establishing him as one of India’s premier para-athletes.

Badminton: Silver Streak Continues

India’s dominance in badminton was evident with two more silvers added to the tally. Suhas Yathiraj faced a tough challenge in the men’s singles SL4 final against France’s Lucas Mazur, who had the home crowd behind him. Despite his best efforts, Suhas was unable to overcome Mazur’s powerful game, losing 9-21, 13-21.

Similarly, Thulasimathi Murugesan gave it her all in the women’s singles SU5 final but came up short against China’s Yang Qiuxia. The Indian shuttler fought valiantly but ultimately lost in straight games, 17-21, 10-21.

Bronze Medalists Add to India’s Glory

The day also saw Manisha Ramadass and Nithya Sre Sivan make their mark by winning bronze medals in their respective events. Manisha’s bronze in the women’s SU5 category and Nithya’s in the women’s singles SH6 added further sheen to India’s impressive medal haul.

A Day to Remember

India’s performance on Monday at the 2024 Paris Paralympics will be etched in the annals of history. The athletes’ determination, skill, and sheer willpower have made the nation proud. With 15 medals in total, including multiple golds, silvers, and bronzes, India is making a strong statement on the global stage. As the games continue, the country eagerly awaits more such moments of glory.

F5 Announces Major Executive Team Overhaul to Boost AI Innovation and Operational Efficiency

F5 has unveiled significant changes to its executive team in a move aimed at enhancing operational efficiency and driving advancements in artificial intelligence (AI). Tom Fountain has been appointed as Chief Operating Officer (COO), Chad Whalen as Chief Revenue Officer (CRO), and Kunal Anand as Chief Technology and AI Officer.

Tom Fountain, previously F5’s Executive Vice President of Global Services and Chief Strategy Officer, will now focus on accelerating operational speed and improving productivity across the company in his new role as COO. Fountain will also continue to oversee Global Services and lead F5’s digital transformation initiatives.

Chad Whalen, who has served as Executive Vice President of Worldwide Sales, will now take on the role of CRO. His responsibilities include driving revenue growth and expanding F5’s market share in software solutions. Whalen will also continue to execute the company’s land-and-expand strategy, focusing on its large enterprise, service provider, and government customers.

Kunal Anand, recently promoted to Chief Technology Officer, will now also serve as Chief Technology and AI Officer. This expanded role highlights F5’s commitment to integrating generative AI across its product offerings, furthering the company’s innovation in AI-driven solutions.

These leadership changes are effective immediately, with all new appointees reporting to F5 President and CEO François Locoh-Donou. Locoh-Donou expressed confidence that the new leadership structure would drive a new phase of growth for F5, focusing on agility, productivity, and innovation to meet customer needs.

In addition, F5 has initiated an external search for a new Executive Vice President and Chief Product Officer, as Kara Sprague will depart in November 2024 to become CEO of a private technology company. Locoh-Donou praised Sprague for her significant contributions to F5’s transition to a software-centric business and the evolution of its solutions portfolio.

Meta Platforms to Notify Brazilian Users on Data Use for AI Training Following Regulatory Directive

Meta Platforms will start notifying its Brazilian users about the use of their personal data in training generative artificial intelligence (AI), as mandated by the country’s data protection authority. Beginning Tuesday, users in Brazil will receive emails and notifications via Facebook and Instagram, providing them with the option to opt out of their data being used for AI training.

This development follows the temporary suspension of Meta’s new privacy policy in July by Brazil’s National Data Protection Authority (ANPD), which raised concerns about the use of personal data for AI purposes. The suspension was lifted last Friday after Meta agreed to comply with the required transparency measures.

In response to the initial suspension, Meta had also paused the deployment of generative AI tools in Brazil, including popular AI-generated stickers on WhatsApp, a widely used messaging platform in the country. While Meta has not yet confirmed whether these tools will be reintroduced after the ANPD’s decision, the company highlighted that the suspension was a precautionary step during discussions with the regulatory body.

Salesforce to Acquire AI Voice Agent Firm Tenyx, Accelerating its AI Expansion

Salesforce announced on Tuesday its agreement to acquire Tenyx, a company specializing in artificial intelligence-powered voice agents. The financial terms of the deal remain undisclosed, but the acquisition is expected to be finalized in the third quarter. Tenyx’s leadership, including CEO Itamar Arel and CTO Adam Earle, along with their team, will join Salesforce as part of the acquisition.

Founded in 2022, the California-based startup Tenyx provides AI solutions to various industries such as e-commerce, healthcare, hospitality, and travel. This move marks Salesforce’s renewed interest in acquisitions as a strategy to boost revenue growth, a shift from last year’s decision to pause mergers and acquisitions under pressure from activist investors.

Salesforce’s acquisition mirrors similar strategies by tech giants like Microsoft and Amazon, who are also expanding their AI capabilities. Earlier this year, Microsoft acquired talent from AI startup Inflection for $650 million, while Amazon brought on board several co-founders and employees from Adept, another AI-focused startup.

This latest move by Salesforce comes on the heels of its strong second-quarter performance, where the company surpassed Wall Street expectations, driven by increased spending on its enterprise cloud products.

Kaspersky Warns of Surge in Back-to-School Scams Targeting Students and Educators

As the back-to-school season kicks off, Kaspersky’s cybersecurity experts have identified a sharp increase in fraudulent activities aimed at the educational sector. Cybercriminals are exploiting this busy period of academic preparations, launching sophisticated phishing campaigns with the intent to steal personal data from students, educators, and administrators.

This year, Kaspersky experts note that the scams have become more targeted. Fraudsters are increasingly using platforms like SurveyHeart.com, similar to Google Forms, to collect sensitive information under the guise of legitimate surveys.

In one instance, students at Neumann University in the U.S. were targeted with a phishing attack. Victims received notifications claiming that they were using multiple Microsoft school emails across different university portals. To avoid deactivation of their Office 365 accounts, they were instructed to complete a survey requesting their name, phone number, university email, and account password.

Another scam exposed by Kaspersky involves fake giveaways promising students a chance to win high-end gadgets like iPhones, iPads, and laptops. To enter these contests, participants are asked to provide personal information and select their preferred laptop model. Additionally, they are encouraged to share a link to the giveaway page with 15 contacts via WhatsApp. The catch: “winners” are told they must pay for the delivery of their prizes—a clear indication that the giveaway is a scam.

Kaspersky urges the public to remain vigilant, warning that the combination of generous prizes and requests for additional payments is a common tactic used by scammers during this season.

Tata Consultancy Services Partners with Google Cloud Partnership for New Cybersecurity Solutions

Tata Consultancy Services (TCS) has strengthened its alliance with Google Cloud by introducing two new cybersecurity solutions aimed at enhancing cyber resilience across various industries. This collaboration is designed to drive domain-specific innovation by integrating advanced technologies from both TCS and Google Cloud.

The first offering, TCS Managed Detection and Response (MDR), leverages Google’s Security Operations platform to help security teams accelerate the detection and response to threats. By combining Google Cloud’s advanced threat detection with TCS’ industry-specific expertise, the solution ensures continuous security monitoring and a 24/7 response to potential cyber threats.

The second solution, TCS Secure Cloud Foundation, utilizes Google Cloud’s security capabilities to enhance the security posture and governance of single, multi, and hybrid cloud environments. It embeds security and compliance measures throughout the DevSecOps lifecycle, using AI, machine learning, and automation to continuously monitor risks, identify deviations, and recommend corrective actions.

Ganesa Subramanian, Vice President and Global Head of the Cybersecurity Business Group at TCS, emphasized the importance of securing businesses during their transformation journeys, especially with the rise of Generative AI. He stated, “This partnership combines the strengths of TCS and Google Cloud to protect the digital assets of enterprises, helping them become cyber-resilient and future-ready.”

TCS has already successfully implemented these solutions for several clients. For instance, the Secure Cloud Foundation has helped a global bank in Germany automate and enforce over 800 security policies, ensuring compliance with regulatory standards.

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