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India’s BankTech Investment to Hit $1 Billion by 2027: Cedar-IBSi Capital

Venture capital fund Cedar-IBSi Capital has projected that investments in India’s BankTech sector will reach $1 billion by the end of 2027. The announcement comes as India progresses towards its ambitious $7 trillion GDP target by 2030, with the banking sector expected to play a crucial role in accelerating economic growth.

Cedar-IBSi Capital Founder and Managing Partner Sahil Anand emphasized the ongoing technological revolution in the banking industry, which is rapidly shifting core functions toward digitization. He noted that nearly 80% of traditional banking services can now be performed digitally, significantly boosting financial inclusion and expanding banking access to underserved regions.

Cloud computing is emerging as a game-changer for the sector, providing scalability, agility, and cost-efficiency in banking infrastructure. Meanwhile, blockchain technology is enhancing security and transparency in transactions, particularly in supply chain finance and identity management.

Cedar-IBSi Capital, a ₹240 crore fund, has already made two investments in the BankTech space and plans to expand its portfolio to 10-15 early-stage startups. The fund is also focusing on strengthening 8-10 high-performing enterprises within the banking technology ecosystem, further driving innovation and growth in the sector.

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Elon Musk Merges AI Startup xAI with Social Media Platform X in $45 Billion Deal

Tech billionaire Elon Musk announced on Friday that his artificial intelligence startup, xAI, has merged with his social media platform, X, in an all-stock deal valued at $45 billion. The transaction places xAI’s worth at $80 billion and X at $33 billion.

Musk shared the news in a post on X, emphasizing the strategic integration of AI and social media. “xAI and X’s futures are intertwined,” he wrote. “This merger combines data, models, compute, distribution, and talent, unlocking immense potential.” X CEO Linda Yaccarino echoed the sentiment, stating, “The future could not be brighter.”

The deal, likely structured as a stock swap, involves shared investors such as Andreessen Horowitz, Sequoia Capital, Fidelity Management, Vy Capital, and Saudi Arabia’s Kingdom Holding Co.

Musk, who acquired Twitter for $44 billion in 2022 and later rebranded it as X, launched xAI less than two years ago to advance AI research and development. The company has been a direct competitor to OpenAI, Google, Microsoft, and Meta, with its AI chatbot, Grok, already integrated into X. xAI recently unveiled plans for a supercomputer in Memphis, Tennessee, known as Colossus, though the project has drawn environmental concerns.

xAI was last valued at around $50 billion but was reportedly in talks to raise funding at a $75 billion valuation. In contrast, OpenAI was recently valued at $260 billion, while Anthropic closed a deal at $61.5 billion.

Beyond his business ventures, Musk has played a prominent role in U.S. politics, contributing nearly $300 million to Donald Trump’s 2024 campaign. He was later appointed to lead the Department of Government Efficiency (DOGE), focused on reducing government spending and regulations.

This is not Musk’s first high-profile merger. In 2016, Tesla acquired SolarCity for $2.6 billion, a move that faced shareholder lawsuits but was ultimately upheld in court.

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Microsoft Turns 50: Celebrating Innovation, Community, and the Future

Microsoft is marking its 50th anniversary this Friday, by celebrating the contributions of its employees, customers, and partners who have used its technology to drive positive change. While reflecting on its legacy of innovation, the company is also looking ahead to the future.

As part of its commitment to giving back, Microsoft is honoring its home region, Puget Sound, by awarding $50,000 grants to 50 local changemakers. This initiative, One Future, One Sound, aims to support organizations addressing critical community needs.

Since its founding, Microsoft has transformed the technology landscape, from pioneering personal computing with MS-DOS and Windows to reshaping gaming with Xbox and driving cloud and AI advancements through Azure and Copilot. The company attributes its success to its employees’ ability to evolve with shifting technological trends while maintaining the trust of customers worldwide.

Microsoft’s mission has evolved over the years, from Bill Gates and Paul Allen’s early vision of “a computer on every desk and in every home” to its current goal under CEO Satya Nadella: “to empower every person and every organization on the planet to achieve more.” This principle is embedded in the company’s culture, fostering a mindset of growth, learning, and collaboration.

Looking forward, Microsoft remains committed to harnessing AI and other technologies to enhance human potential and drive global progress. With a strong focus on responsible innovation, security, and trust, the company is dedicated to shaping the future of technology for decades to come.

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Are the business markets safe from Grok AI?

With the rise of advanced AI models such as Grok AI developed by Elon Musk’s X AI, businesses and investors are rapidly concerned about market safety. Grok AI, known for its real-time internet access and ability to analyze trends, has debated whether it enhances or threatens business markets. This article examines potential risks and safety measures, businesses should adopt to protect their operations.

Understanding Grok AI is designed to provide immediate reactions to AI, analyze complex subjects, and explain financial and market trends using real-time data. Unlike the traditional AI model, Grok is integrated with AI X ( Twitter), making it a powerful tool to analyze emotions and trends in the financial sector.

 Possible risks for business markets 

  1. Market manipulation AI models such as Grok can increase trends, and potentially affect stock prices and investors. According to the 2023 Financial Times report, algorithm-run trading accounts for approximately 60–70% of daily market activity in major exchanges such as NYSE and Nasdaq. If Grok AI is used maliciously, it can promote volatility by increasing certain narratives.

 

  1. Data privacy and cyber security threats Businesses collect large amounts of ownership and financial data. If Groke AI achieves access to sensitive information, this data can give rise to leaks or unauthorized insights. A statistical report found that 45% of companies experienced AI-related data violations in 2023, highlighting the urgency of cyber security measures.

 

  1. Competitive intelligence and unfair advantage Companies using Grok AI to analyze competitors can get an unfair advantage by explaining pricing strategies, consumer spirit, and financial decisions in real time. 80% of Fortune 500 companies already appoint AI-powered competitive intelligence (Forester Research, 2023). 

 

  1. Wrong information and prejudice in market trends AI models may misunderstand data or feed biased input, which gives misinformation. Studies indicate that AI-operated misunderstanding in 2023 (Harvard Business Review) increased by 35%, which could affect investor’s trust and decision-making.

Security measures for commercial markets To combat these risks, businesses have to implement strong security protocols: 

Restrictive AI access to ownership data financial reports, pricing strategies, and business secrets ensures that AI-driven analysis is protected.

Adopt AI Monitoring and Governance – Apply strict monitoring of how AI-based insight is used in focus markets. 

Regulatory Compliance – Governments and regulatory bodies should introduce laws to prevent AI manipulation of stock markets.

Invest in AI Defense Systems – Businesses should take advantage of AI security equipment to detect unusual patterns in market trends and prevent malicious AI interventions.

 Promote the use of moral AI – AI should be used responsibly, with transparency as to how it analyzes and explains business data.

Grok AI, like other advanced AI models, presents both opportunities and challenges for business markets. Although it provides deep insight and real -time data analysis, it also increases concerns about market safety, data privacy, and potential manipulation. By implementing strong safety measures and moral AI use, businesses can navigate the safely developed AI landscape. The key is to balance innovation with risk management to ensure a stable and safe market environment.

Author: CA. Manish Mishra, Founder, Genzcfo

Disclaimer: The views expressed in this article are solely those of the author and do not necessarily reflect the opinions or policies of ObserveNow Media. The author is solely responsible for ensuring the accuracy, completeness, and validity of the information presented, encouraging readers to independently verify and seek professional advice if needed.

From Zero To Data Hero: How To Choose The Right Data Analytics Course For Your Career Goals

Data is not just a buzzword in the digitally driven world of today; it is the spark behind decisions, innovations, and strategies. If you are thinking of making a career shift or simply looking to build on your existing skill set, then certainly, data analytics would be one area that has absolutely plenty of opportunity.

A big-data-driven age is where one, in some sense, ends up relying more on insights than instincts for making decisions—so, mastering data analytics definitely becomes a skill worth having. Whether you’re thinking of a dramatic career change or looking to complement your existing skill set, the search for the right course in data analytics could be exciting and overwhelming. The right decision now, as demand for data professionals soars, will be everything that will transform you from a data novice into a hero in data. Here’s an exclusive guide on how to navigate this journey effectively.

Crafting Your Career Vision

1. Define Your Career Destination: 1. Set Your job Destination: You need to have a firm understanding of what your job aspirations are before you choose any courses. Each of the different roles that fall under the data analytics umbrella requires a very different set of skills. Is it the investigative side or the predictive side of the strategic focus in business analytics that interests you, or the other side of data science? Maybe it’s an engineering piece—working with big data infrastructures. If you know what type of career you’re interested in, then you can choose a school, very easily, that provides you with the specialised training necessary to meet that career goal.

  1. Assess Your Present Skill Set: Take an evaluation of your existing level of data analytics experience and skill. Are you a complete beginner or do you have some experience in related areas? If one is completely new to these topics, he/she should choose detailed introductory courses introducing him/her to the basic concepts of SQL, basic statistics, and data manipulation. Advanced courses, for example, on data visualisation, machine learning, or data engineering will be more appealing if someone has some foundational background. Because you are choosing your course based on your current level of skill, you will guarantee that you are effectively expanding on that knowledge base. 

Breaking Down the Course Offerings

  1. Curriculum Research: This really does form the heart of any course, which should align as closely as possible with the career objectives. Be on the lookout for courses offering relevant subject matter such as data cleansing, statistical analysis, data visualisation, and machine learning—all part of a well-rounded curriculum. Such courses that deal with real-world data, including case studies or having practical projects, bridge this knowledge gap between theory and practice, hence offering very expensive practical experience. Strong curriculum prepares and enhances your employability for the complexities in the field of data analytics.
  2. Scrutinise Instructor Credentials: The knowledge of your instructors is a big determinant on your learning experience. Select classes that have instructors with solid academic qualifications supplemented with extensive experience working in the field. Teaching is much more than mere regurgitation of facts from a book; a good instructor should be able to apply theoretical concepts in practical life. Check their employment histories, past efforts, and distinguished services to the community. Other than those with academic expertise, instructors having practical experience also can share a lot of valuable tips and guide properly.
  3. Learning Formats and Flexibility: Helping Diverse Needs, Forms Evolve: Online courses are extremely good for people with many other commitments because of their flexibility; they really do let one learn at one’s pace and convenience. They have the effect of bringing people together by using active components such as forums and peer review, which foster community and collaborative learning. These traditional settings, with fixed schedules and activities between learners and teachers, can make the entire learning process easier for students because they provide immediate help and feedback. Think about what works best for your learning style and choose a modality that will work well for both you personally and professionally.

Accreditation and Certification: The Value Proposition

  1. Verified Certification- Look for Accreditation: This means the course has met the standards of validity and the country’s requirements are met. Only select courses that are endorsed by trade associations or offered by reputable universities. It might improve your resume and lend credibility to your qualifications. In addition, be on the lookout for programs that offer you credentials which are recognized in the business. Such qualifications will set you at a higher plane in job searching and validate your skills. Check the credibility of the accrediting agency and the worth of the certification within your industry.
  2. Weigh Cost Against Benefits: Because it takes a significant financial investment to fund education, one should weigh the costs against possible returns. More costly courses may feature copious amounts of information; highly individualised career counselling; and comprehensive career support services. Moderately priced options may still provide needed information and skills. Decide for yourself whether the course will be a good investment of your time and money. Consider some factors that the course you are considering offers, including potential increases in your salary, opportunities to excel in the workplace, and overall value.

Focus On Practical Experience And Networking

  1. Get Practical Experience: Real-life experience is as important as conceptual knowledge. Opt for classes that have a practicum or internship or that permit hands-on projects? Real-world data problems give you a chance to show employers your skills. An account of completed undertakings might be an effective tool for the job search since it proves your capability to apply theoretical concepts to reality.
    2. Make Use of Networking Opportunities: Advancing one’s career is mostly about networking. Choose those classes that provide opportunities to network with fellow classmates, business leaders, and former students. Networking can help gain support, encouragement, and maybe even possible job leads. Contribute to the course community, and attend and participate in networking events and forums about courses. Contacts developed in business will open up an array of opportunities, motivation, and insights instrumental for a dramatic shift in your career path.

Conclusion
The journey from a data zero to a data hero begins at a very critical point—appropriate education in data analytics. You can select a course of study that most fits your professional goals by identifying the career objectives, assessment of the current skill set, instructors, format and course material. Make a very strong commitment to driving knowledge into action and kick off your academic career in a big way. You will be better placed to learn data analytics and meet the professional objectives by selecting the right course and showing initiative.

Data analytics is a dynamic field, with constant learning and adaptability demands. Thus, choose wisely—make thoughtful educational investments and step out with confidence on your data-driven journey. You indeed have a future in data analytics when you become a part of the movement to become a data hero.

Author: Prof. Ashok Harnal, FORE School of Management

Disclaimer: The views expressed in this article are solely those of the author and do not necessarily reflect the opinions or policies of ObserveNow Media. The author is solely responsible for ensuring the accuracy, completeness, and validity of the information presented, encouraging readers to independently verify and seek professional advice if needed.

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Pooja Vashisht Joins Techno Electric & Engineering Co. Ltd as Head of Marketing & Communications

Techno Electric & Engineering Co. Ltd announced the appointment of Pooja Vashisht as Head of Marketing & Communications (Data Center Business). With over 13 years of experience, Pooja brings a wealth of expertise in brand building, strategic storytelling, and multi-channel marketing.
A seasoned marketing leader, Pooja has worked across diverse industries, including technology, cloud, AI, data centers, real estate, healthcare, and finance. Her expertise lies in crafting compelling narratives that drive business growth, enhance brand reputation, and resonate with target audiences. She is adept at developing creative and effective communication strategies that simplify complex concepts for broader engagement.
Pooja announced regarding the appointment on her linkedin profile.
Pooja’s skills encompass brand management, content marketing, digital and social media strategy, events and activations, and public relations. Known for her innovative problem-solving approach, she thrives on thinking outside the box to deliver impactful marketing solutions.
With her appointment, Techno Electric & Engineering Co. Ltd looks forward to strengthening its brand presence and advancing its communication strategies under Pooja’s leadership.
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Former Meta AI Executives Secure $15 Million for AI Startup Yutori

San Francisco-based AI startup Yutori has raised $15 million in funding to develop advanced AI personal assistants, the company announced on Thursday. The funding round was led by Radical Ventures’ Rob Toews, with participation from Felicis, AI pioneer Fei-Fei Li, and Google DeepMind’s chief scientist Jeff Dean.

Founded by former Meta AI executives Devi Parikh and Dhruv Batra, Yutori is among a growing wave of AI startups building autonomous agents—AI-powered systems capable of performing complex tasks independently. Experts, including OpenAI CFO Sarah Friar, have predicted that such AI-driven automation will be a key focus this year, as AI models have evolved to handle multi-step online tasks with minimal human intervention.

Parikh highlighted that while chatbots are widely used, they lack the ability to execute tasks on users’ behalf. Yutori aims to redefine user interactions with AI, focusing on automating processes from simple online orders to intricate travel planning.

The startup is emphasizing post-training techniques to refine AI models, enhancing their ability to navigate the web and improve performance beyond initial training. This approach aligns with advancements in AI reasoning seen in models like OpenAI’s latest o1 and o3 models.

Yutori’s founding team includes AI specialists who previously worked on Meta’s multimodal and embodied AI research, along with experts behind the post-training development of Llama 3 and Llama 4, Meta’s leading open-source AI models.

Ex-MobiKwik Employee Defrauds Company of ₹1.26 Cr; Fintech Implements Corrective Measures

Fintech company MobiKwik has reported a fraud case involving a former employee, Gaurav Sharma, who allegedly misappropriated ₹1.26 crore by altering merchant details. According to an exchange filing, the fraudulent activity occurred between August 2023 and September 2024. The company has accounted for the misappropriated amount in its financial records.

MobiKwik has filed a complaint with the Gurugram police, and the accused is currently in custody. In response to the incident, the company has introduced multiple security measures, including Single Sign-On (SSO) login with VPN requirements, restricted access to admin portals, hourly alerts for sensitive changes, dedicated wallets for different business segments, and reversal of unutilized merchant incentives.

The disclosure of this fraud comes at a challenging time for MobiKwik, whose stock has declined over 40% since its strong public market debut in December. Despite initially attracting investor confidence with a full fiscal year of profitability ahead of its IPO, the company has since reported losses in two consecutive quarters.

In its latest financial results, MobiKwik posted a loss of ₹55.3 crore in Q3 FY25, compared to a ₹5.3 crore profit in the same quarter last year. However, operating revenue saw an 18% rise, reaching ₹269.47 crore in Q3 FY25 from ₹228.93 crore in the previous year’s corresponding quarter.

To strengthen its business, MobiKwik has been expanding into new financial sectors. In 2025, the company entered the investment tech space by establishing a wholly owned subsidiary, MobiKwik Securities Broking, to deal in stocks, securities, and financial instruments. Additionally, in February, it acquired a ₹1.5 crore stake in B2B banking infrastructure firm Blostem Fintech to enhance its fixed deposit aggregation services.

Looking ahead, MobiKwik’s board has approved further investments in one or more subsidiaries. Despite recent setbacks, the company’s shares showed a slight recovery, closing 2.11% higher at ₹310.20 in today’s trading session.

IIT Madras to Establish Fourth Campus in Auroville, Focused on Sustainability and EV Research

Auroville, near Puducherry, is set to become home to the fourth campus of the Indian Institute of Technology Madras (IIT Madras), with a strong emphasis on sustainability and cutting-edge technology. Spanning 100 acres, the new campus will feature a 20-acre test track dedicated to electric trucks, forming part of the Centre of Excellence for Zero Emission Trucking (CoEZET).

IIT Madras Director V. Kamakoti announced that operations at the new campus are expected to begin within the next two to three months. The initiative aligns with Auroville’s vision of sustainable development while addressing key challenges in India’s electric vehicle (EV) sector, including battery technology and charging infrastructure.

Union Additional Secretary for the Ministry of Heavy Industries, Hanif Qureshi, acknowledged India’s slow progress in EV adoption and underscored the urgency of developing indigenous solutions to reduce dependence on imported components.

IIT Madras has also introduced various programs, such as a web-enabled MTech in eMobility for working professionals and a certificate course on eMobility, aimed at equipping individuals with expertise in EV technology.

This strategic expansion reinforces IIT Madras’ commitment to pioneering research and education in sustainability and technological innovation, further strengthening India’s push towards cleaner and more efficient transportation solutions.

Amazon Seizes 15 Million Counterfeit Products in 2024, Strengthens AI-Powered Crackdown

Amazon has intensified its global fight against counterfeit products, identifying, seizing, and disposing of over 15 million fake goods in 2024, according to its latest Brand Protection Report. The e-commerce giant emphasized the role of artificial intelligence in enhancing its fraud detection capabilities, preventing these counterfeit items from reaching customers or resurfacing elsewhere in the supply chain.

The company revealed that it invested over $1 billion last year and employed thousands of professionals—including machine learning scientists, software developers, and investigators—to safeguard customers, brands, and sellers from counterfeit and fraudulent activities.

According to the report, Amazon’s proactive AI-driven controls blocked over 99% of suspected infringing listings before brands even had to report them. Additionally, valid infringement notices submitted by brands declined by 35%, despite a growing number of products available on its platform.

Since launching its Counterfeit Crimes Unit in 2020, Amazon has pursued over 24,000 legal actions against counterfeiters, including litigation and criminal referrals. Meanwhile, its Transparency programme has authenticated over 2.5 billion product units, enrolling 88,000 brands worldwide, from startups to Fortune 500 companies.

Kebharu Smith, Director and Associate General Counsel at Amazon, reaffirmed the company’s commitment to protecting Indian consumers and sellers from counterfeit goods.

“We view India as a critical market and have prioritized initiatives like Brand Registry, Transparency, and Project Zero to safeguard intellectual property and remove fake listings,” Smith stated.

He also highlighted Amazon’s collaboration with Indian industry bodies to conduct capacity-building workshops and boost consumer safety awareness, underscoring the shared responsibility of combating counterfeiting across the industry.

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