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Streamline Your Workflow with Auto GPT - The Ultimate Time-Saving Tool..!
AI literacy is indeed a critical factor in ensuring that the development and deployment of #artificialintelligence technology is done in an ethical and responsible manner. As AI technology becomes increasingly complex and ubiquitous, it is essential that individuals, organizations, and governments have a basic understanding of how AI works, its potential benefits and risks, and the ethical considerations involved.
#AutoGPT is a variant of the GPT (Generative Pre-trained Transformer) language model architecture developed by #OpenAI. It is an extension of the GPT-2 model that uses a technique called evolutionary search to automatically optimize the model's hyperparameters, such as the number of layers, hidden units, and attention heads. The goal of AutoGPT is to automatically generate a highly performant language model that can be fine-tuned for a variety of natural language processing tasks.
The AutoGPT model is trained using a massive amount of text data from the internet, similar to other GPT models. However, the use of evolutionary search allows for a much larger space of possible model architectures to be explored, potentially leading to better performance and more efficient use of computational resources.
Today's Headline in NewsHours
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2:27 Indian-American Radha Iyengar voted as Deputy Under Secretary of Defense by U.S. Senate
3:03 #Intel discontinues its bitcoin mining chip series
3:35 #WinZO moves High Court to get listed on Play Store as 'game of skill'
4:03 #Microsoft developing its own AI chip
4:35 ONDC onboards Tata-backed grocery retailer BigBasket
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"Powering the Future of Digital Connectivity: Exploring the Edge Server Market"
The growth of #cloudcomputing has been a major driver of the server market. As more businesses and organizations move their applications and data to the cloud, there is a growing need for powerful and scalable server infrastructure to support these services.
With explosive growth of data in recent years, there is an increasing demand for storage solutions that can handle large volumes of data. This has led to the development of specialized storage servers that can provide high-capacity and high-performance storage for a variety of applications.
Secondly, Virtualization technology allows multiple virtual machines to run on a single physical server, which can help to improve server utilization and reduce costs. The growing adoption of virtualization in data centers and other environments has driven demand for high-performance servers that can support virtualization workloads.
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"Powering the Future of Digital Connectivity: Exploring the Edge Server Market"By VARINDIA| 109 views
$625 billion opportunity for 5G operators
5G is an extraordinarily flexible technology that can be used in many sectors. 5G in the telecom industry is one of the great priorities for all players in the sector. It’ll enable faster speeds, lower latency, and more reliable connections than ever before. For telecom companies, this means a need for faster network infrastructure and higher capacity networks.
5G technology is expected to allow more devices to connect to the internet enabling new technologies and applications at lower latency (less than 10ms). Technological innovation has also paved the way for new competitors who are newer and more agile than traditional providers, and this has placed the industry itself in crisis. This includes OTTs, i.e. media companies that offer digital content and services through the Internet without going through traditional distribution systems.
As per Juniper Research, operators will generate $625 billion from 5G services globally by 2027; rising from $310 billion in 2023. The report predicts that this growth of 100% over the next four years will be driven by the migration of mobile subscriptions to 5G networks, and the increasing inclusion of eSIMs in devices such as laptops and Wi-Fi hotspots.
The research forecasts that 80 per cent of global operator-billed service revenue will be attributable to 5G by 2027; allowing operators to secure a return on investment into their 5G networks. However, the increasing implementation of eSIMs into new devices will drive global cellular data traffic to grow by over 180 per cent between 2023 and 2027, as data traffic is offloaded from fixed and Wi-Fi networks to 5G.
“eSIM-capable devices will drive significant growth in cellular data, as consumers leverage cellular networks for use cases that have historically used fixed networks”. “Operators must ensure that networks, including 5G and upcoming 6G networks, are future‑proofed by implementing new technologies across the entiretyBy VARINDIA| 120 views
Data Centre stock in India to double
OTT, online gaming, increased smartphone usage, e-commerce, online schooling by EdTech platforms, location-agnostic work, along with advanced technologies including machine learning, 5G, blockchain, and artificial intelligence, has led to a multi-fold jump in data transmission and need for high spec servers.
According to a latest report, in H1 2022, the DC stock in India exceeded 9 million sq. ft. with a 600+ MW capacity in India. It is expected that the DC capacity will almost double by 2024, with more than 400 MW currently under construction across cities in India. Mumbai is expected to lead the supply addition, followed by Bangalore, Chennai, and Delhi-NCR.
Mumbai led in terms of pan-India DC stock, accounting for a share of about 48%, followed by Bangalore at about 18%, along with Chennai (9%), which is now gradually becoming one of the fastest growing DC markets in India.
Together, these three cities accounted for nearly 75% of India’s DC footprint. In addition, Delhi-NCR, Pune, Hyderabad, and Kolkata accounted for the remaining 25% of the DC market in India.
The report further states that hyperscale DCs majorly dominated investments during 2018-2021 with a share of about 77% – a similar trend was recorded in H1 2022. Moreover, investments in hyperscale DCs were majorly spread across the top states, with West Bengal leading with a share of 22%, followed by Uttar Pradesh (19%), Telangana (16%), and Tamil Nadu (8%).
On the other hand, more than half of investments announced in colocation DCs were across India, while the remaining half was split between the key states of Tamil Nadu, Maharashtra, West Bengal, Uttar Pradesh, and Telangana.
Experts from CBRE, said, “With businesses across sectors expanding their digital infrastructure, DCs are becoming increasingly important as a larger alternate real estate class. Following policy refinement on the government's part, the DC segment in India is expected toBy VARINDIA| 108 views
Cyber Espionage
#Cybersecurity has been a major concern. Cyber espionage is now becoming more sophisticated and widespread both on the international and domestic stages. #Hackers, especially those backed by the Chinese government, are making all efforts to breach top global telecom firms.
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Cyber espionage is a form of #cyberattack that steals sensitive data or intellectual property to gain an advantage over a competitive company or government entity. The cyber-espionage campaign lasts at least two years. The campaign’s success shows how dangerous software faults can be, even years after they’ve been identified and made public.
As per US Cyber Advisory, there is a very large size of espionage attack by the Chinese government-backed hackers who have broken into a number of major telecom businesses throughout the world by exploiting known software flaws in routers and other popular networking gear.
The Chinese hackers allegedly exploited networking devices from key vendors such as Cisco, Citrix, Zyxel, QNAP, DrayTek, MikroTik, D-Link, and Netgear in the recently disclosed cyber assault.
The US officials said that the hackers utilised the stolen devices to acquire full access to the network traffic of several private companies and government agencies once they had a foothold within their targets. However, the advisory did not list the identities of persons who were impacted by the campaign, nor did it describe the campaign’s impact. But the US authorities did point out the specific networking devices, such as routers and switches, that Chinese hackers are suspected of routinely targeting, exploiting severe and well-known flaws that basically gave the attackers free reign over their targets.
All of the flaws were in public knowledge, including a five-year-old severe hole in Netgear routers that let attackers circumvent authentication checks and execute any code they want, giving them complete coBy VARINDIA| 140 views
The ransomware situation in India is worrying
As many as 78% of Indian organisations were hit with ransomware in 2021, up from 68% in 2020, and some of the entities paid over Rs 76 crore as ransom to get their data back, cybersecurity firm Sophos said in the report. As per the report, the average ransom paid by Indian organizations that had data encrypted in their most significant ransomware attack was USD 1,198,475 (around Rs 9 crore) with 10 percent of victims paying ransoms of USD 1 million or more and some 10% of victims paid ransoms of $1 million or more. Three companies in the survey admitted to having paid a ransom of USD 10 million and more to get back their data and keep it safe. The ransomware situation in India is worrying. The numbers of victims, ransom payments and the impact of these attacks continued to rise during 2021, at considerable cost. The survey covered the impact of ransomware on 5,600 mid-sized organizations in 31 countries across Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa, including 300 in India. The report found that 78 percent of organizations that had data encrypted in a ransomware attack paid the ransom in 2021 and it was the highest rate of ransom payment reported across all 31 countries surveyed.
Ransomware attacks include attackers sending malware to your phones and other devices, which then proceeds to infect your devices and servers, eventually locking you out of them and preventing any access to your files and data. At this point attackers usually demand a ransom in exchange for getting access to your files again. While the average expense of recovering from an incident declined to USD 2.8 million from USD 3.4 million in 2020, it remains a significant number that should be sounding alarm bells among management teams of Indian firms. In 2021, the percentage of victim organisations directly impacted by ransomware increased from 68 to 78 per cent. Ransomware isn't something that might happen, it is something that will happen ifBy VARINDIA| 100 views
Many nations to come out with regulations on the cryptocurrency industry
Cryptocurrencies can make international payments more efficient, convenient and secure, while removing the cumbersome operational and security processes linked to the movement of conventional money. Digital currencies have been around for a decade, yet the regulatory systems governing them are fragmented, ineffective and, in some countries, non-existent. This allows illicit activities to flourish, from fraudulent Bitcoin traders who disappear with your cash to the financing of terrorism and international money laundering. Experts feels that, these new forms of money present both opportunities and challenges for the financial industry, policy-makers and consumers. Digital currencies can make international payments more efficient, convenient and secure, which improves overall economic efficiency.
Currently, India does not have any legal framework governing the issuance, use, and trade of cryptocurrencies. India is now expected to regulate cryptocurrency, a move away from the previous approach that originally sought to ban it. A legal framework to regulate and govern the growing demand on the cryptocurrency investment market in India may now see the light of the day by next February in the next general Budget. Keeping in mind that our nation’s success in the past three decades has come from ITeS-based solutions, if India is aiming to reach a $5 trillion economy, we cannot ignore the $1.7 trillion market that exists for cryptocurrencies. A forward-looking crypto policy can have a significant impact on improving our overall financial infrastructure, help safeguard national security, deter financial frauds, strengthen our monetary policy, attract international capital, create more job opportunities, and retain our tech talent to accelerate technological development, thereby driving the nation towards becoming a global powerhouse. Finally, the regulatory clarity would definitely benefit the cryptocurrency sector as a whole.
Today's HeadlineBy VARINDIA| 111 views
Visa introduces CoF tokenisation on Grofers, BigBasket and others
Card-on-File Tokenisation replaces actual card data with encrypted digital tokens, which are then used to facilitate and authenticate transactions. This will save customers from the hassle of having to enter all card details afresh for each transaction once the RBI’s PA and PG guidelines kick in on December 31.
Visa introduces CoF tokenisation on Grofers, BigBasket and othersBy VARINDIA| 114 views
The next Unicorns are going to be from the IoT sector
Manufacturing is increasingly turning to next-generation networks to propel their businesses. After years of hype and steady uptake, Internet of Things (IoT) technology is all set to become a part of mainstream adoption. Right from industrial goods, retail, utilities, healthcare, agriculture, logistics to aviation, startups are offering IoT-enabled solutions ranging from connected cars, automated home, medical IoT, wearable technology to smart cities. Innovation in IoT is entering into a stabilization phase, as evident by the decline in new patent applications and venture capital (VC) deals activity but its adoption is increasing as corroborated by increase in hiring activity and corporate filing mentions with more companies mentioning their IOT related initiatives. GlobalData’s recent report, Future Internet of Things (IoT) Unicorns reveals that in Q2 2021, the IoT industry reported investment in excess of $6.4bn spanning 268 deals globally.
The rapid increase in IoT deployments over the last few years highlights the considerable progress global industry has made to overcome some of the world’s most challenging forces. During the period, Asia-Pacific accounted for nearly half of the overall VC deal volume, followed by North America (primarily the US) with 34%. When it comes to social media discussions, ‘IoT’ and its use cases in autonomous driving, cellular IoT, port operations and education are increasingly being mentioned by social media influencers. In the post-COVID-19 era, several organizations considered digitalization as their top priority, and saw IoT as one of the enablers. Fuelled by this digital transformation wave, the demand for new IoT applications will continue to increase in 2021 and beyond led by its applications in industries, connected cars, automated home, smart offices, medical devices, remote asset monitoring, drones, and location tracking services. Driven by this underlying demand, the IoT market is expected to reach $1 trilliBy VARINDIA| 149 views
Billionaires and Unicorns competing for delivering fruits & vegetables
#Billionaires #Google #Tensor
Billionaires competing for delivering products
The country seems mature for accepting fresh fruits and vegetables from various e-commerce players in the country. Now the billionaires are rushing into the business of poor vegetable vendors and thella walas. The competition is often fierce for these products, and the ever stricter requirements. Indian consumers are willing to pay a premium to get hygienic and nutritional daily essentials, prompting exporters of horticulture produce to draw strategies for the domestic market. With the emergence of the e-commerce players Swiggy, Zomato, Amazon, Flipkart, Reliance Fresh, Dunzo, Ninjacart, Bigbasket and Udaan, it seems suddenly the issue of Food safety and hygiene have become very important for consumers today. All the credit goes to the Covid, it has accelerated the process dramatically for enhancing the last-mile delivery of quality food.
There are certain business houses that come out with a value proposition like, they are supplying high-standard fruits and vegetables that are grown by the company in close collaboration with farmers in the domestic market . India's food retailing industry is close to $300 billion according to E&Y, and only 10 percent is organised. The e-tail companies are even claiming farm-fresh fruits and vegetables to reach the consumer's doorstep in a more organised and professional format – through an app. It is all about, e-commerce companies bring convenience, by providing an organised retailing experience at the consumer’s doorstep. The advertisements and branding are talking about innovative displays and a variety of products consumers are found to appreciate the good agricultural practices and are ready to pay a premium for it. Whereas the street vegetable vendors are not able to showcase all this through the technology.
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2:05 #Google introduced IBy VARINDIA| 230 views
Indian e-commerce market to touch $120bn in 2025
#Ecommerce #DelhiPolice #Instagram
e-com growth in India
The e-commerce market in India has been witnessing high growth during the past few years. It continued to grow even during the COVID-19 pandemic as wary consumers preferred online channels for purchases. Against this backdrop, e-commerce sales are forecasted to rise at a compound annual growth rate (CAGR) of 18.2% between 2021 and 2025, to reach Rs. 8.8 trillion ($120.1bn) in 2025. According to GlobalData, e-commerce payments in India grew by 12.2% in 2020 and is estimated to register a growth of 16.8% to reach Rs 4.5 trillion ($61.5bn) in 2021.The COVID-19 pandemic has fast-tracked consumers’ transition to digital payments in most markets, a trend also seen in India. Rising consumer preference for online shopping, proliferation of e-retailers and emergence of new payment methods will continue to drive e-commerce growth in India.
E-commerce has transformed the way consumers shop in India, supported by increase in Internet and smartphone penetration, rise in digital literacy among consumers and government’s digital push. Over the past one year, despite a decline in consumer spending, economic slowdown and uncertainty caused by COVID-19, e-commerce sales continued to surge. While sectors such as travel and accommodation were affected due to lockdown and travel restrictions, a strong growth was seen in online purchases of retail goods such as grocery, electronics, and healthcare products. Leading e-commerce retailers Flipkart, Amazon and BigBasket have seen an increase in orders each month since the outbreak of the virus. To support non-cash payments, e-commerce companies are offering multiple digital payment options. For instance, in June 2021, Flipkart introduced quick response (QR) code-based payment for pay-on-delivery shipments, enabling consumers to switch from cash on delivery to UPI-enabled digital payment.
Today's Headline in NewsHours
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2:29 Every emBy VARINDIA| 118 views
Though there are big losses in the start-ups, they never stop to raise capital
#startup #Hackers #ThirdCovidwave
Start-ups’ losses Vs rise in capital
In India, start-ups have bought revolution and transformation in certain sectors. Although the pandemic had an impact on the number of new startups launched, which fell by 70% from 3,500 (2019) to 1,050 (2020), Indian startups recorded a total funding of $11.5 Bn, which is just 10% lower than 2019. 90% Indian startups failed within the first five years, lack of innovation being the main reason. The Indian startup ecosystem saw 924 deals in 2020, 14% higher than 2019. Indian Unicorns have been hit doubly hard with demand and liquidity crunch. At the same time, we have seen failures in growing numbers in the sectors like Logistics, e-commerce and food technology . However, the pandemic has knocked the well-known startups like Ola, Paytm, OYO, BigBasket, Zomato, Swiggy down to their knees.
India is a follower market and highlighted as the third-largest startup ecosystem in the world, but it also tops the list for failed startups. In 2020, despite many challenges due to the pandemic, Indian startups continued to battle hard, raising $9.4 billion across 881 deals, and adding 14 companies to the unicorn club. Investors and founders said the increase in deal flow is primarily led by significant liquidity in the venture capital space and overall bullishness in the technology sector across private and public markets, globally. The State Of Indian Startup Ecosystem 2020 — in an optimistic scenario, the total funding amount in 2020 would reach $11.3 Bn (which was 11% lower than 2019). So, the startup ecosystem has performed slightly better than expectations. Trends show that higher revenue increase has also resulted in higher net losses. Compared to 2020,both the funding amount and deal count will surge 19% and 13% respectively.
Today's Headline in NewsHours
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2:26 #Hackers are demanding $70 million ransom to restore data of affectedBy VARINDIA| 103 views
Neo Banks in India are emerging to disrupt the fintech industry
#NeoBanks #FintechIndustry
Neo Banks taking over Fintech Industry
Neobanking has become a buzzword in the fintech community. The term has gained momentum since it’s been taking the spotlight on the news and media. Neobanks are taking over the fintech industry by a storm, on a global level. We see a new player on the market every day whose primary intention is to simplify financial services to a greater extent. Let’s understand what it truly means. As the financial landscape is shifting towards customer experience and satisfaction, a gap has developed from what the traditional banks offer to what customers expect. And, Neobanks are making an attempt to fill that gap. Most traditional banks are bogged down by their legacy-based infra. So, they crumple when it comes to aiding SMEs with financial services like providing a payment gateway, invoicing software, multiple views of cash management, among others.
Recently, we’ve seen a massive drift in the finance industry. With over 2000 fintech players in the country, digital payments are embraced at such a large scale. Customers are moving away from physical banks and physical cash, and moving more towards online banking and wallets. More and more people are getting comfortable making online payments through GooglePay, Paytm, PhonePe, and more, now more than ever. If we think about these numbers, we can see the potential neobanks have in the country. Neobanks provide the fluidity that traditional banks don’t. They can easily sustain themselves and turn out to be profitable. Going forward, neobanks have a completely different business model altogether. But, like traditional banks, neobanks do make money marginally between money inflow and lending. ICICI Bank, India’s largest private bank has taken a lead in the Neo Banks segment and has partnered with three Neo Banks, Open, Instant Pay and Yelo.
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Indian fintech industry has grown rapidly during the pandemic
#fintechindustry #pandemic #DigitalBanking
Businesses around the world are grappling with challenging times and with the emergence of banking technologies, it has changed the face of the fintech industry. Fintech is now part of the BFSI sector and is changing rapidly, with the evolution of innovative, new-age technologies like Artificial Intelligence (AI), Machine Learning (ML), and more, digital banking is climbing to new heights. Banks are now joining forces with fintech startups to upgrade their existing systems and enable smoother operations to deliver a better experience for consumers. Banks have not only partnered with fintechs but have also been busy in modernising the lending infrastructure and the value chain which includes biometric KYC, pre-approved home loans to support digital banking.
Technological advancements seen globally are playing out in India as well. The pre-defined APIs allow banks and financial entities to club in their frequently used microservices to accelerate their business. With easy integrations and data sharing, APIs can help banks save several weeks. The demand for personal loans has only grown over the years, especially among the low-income families and borrowers, who mainly avail of these loans for consumption purposes. All fintechs popping up these days target young and low-income people who are digitally savvy and seek short-term credit solutions for pursuing various aspirations. Now fintechs are adopting a completely remote and form-less onboarding process, which is based on video, voice and images with video based KYC, fuelled by consumer demand resulting in a digital lending boom in India.
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Connected devices leading to the growth of edge computing
The rise of the connected devices ecosystem has led to a rise in demand for high-speed networks. It has exposed the limitations of the overall network architecture, highlighting the need for edge computing. There are hundreds of sensors in a modern-day car and creates tons of data. And while most of it is processed in the vehicle itself, transfer of data to the cloud might be needed by some in-car applications. Data moved to the cloud could be constrained more intelligently with edge computing. With the advent of next-gen technologies in the autonomous vehicle ecosystem, challenges such as delay in data transmission, real-time results, on-the-spot accurate and vital decisions, processing of large quantities of data, etc., have also increased. Automotive players are focused on leveraging edge computing to address these ever-evolving challenges.
In traditional enterprise computing, data is produced at a user's computer. That data is moved across a WAN such as the internet, through the corporate LAN, where the data is stored and worked upon by an enterprise application. Results of that work are then conveyed back to the end-user. With regards to infrastructure of edge computing, it is a network of local micro datacenters for storage and processing purposes. At the same time, the central datacenter oversees the proceedings and gets valuable insights into the local data processing. However, we need to be mindful that edge computing is a kind of expansion of cloud computing architecture - an optimized solution for decentralized infrastructure. The fact is in a digital-first world, personalized content drives everything in the digital economy.
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Bringing hybrid cloud, AI will accelerate innovation in the modern enterprises
By understanding the power of digital, enterprises need strategies that enable traditional IT to work in harmony with analytic-intense data streams located on-premises, in the cloud and at the edge. There is no doubt that the AI and automation will be crucial in driving hybrid clouds as we move further into 2021. Pressure to move information processing close to the data — due to high data volumes, data variety, and the need to minimize analytic latency — is forcing enterprises into public clouds at a remarkable rate. As the industry undergoes this dramatic transition, hybrid IT operations that span on-premises, data center, cloud and edge become essential.
As we move further into 2021, the need is to leverage AI to monitor, detect and contextualise dynamic behaviour and movement across hybrid cloud environments to verify the legitimacy or lack of a threat in an automated response. Hybrid IT embraces integrated teams that have development, deployment and operational experience and blend business, IT and partner expertise. These teams focus on business outcomes for accelerated performance while driving learning at scale. In a nutshell, hybrid IT takes modern approaches, including DevOps, automation, community sourcing, machine learning and artificial intelligence, and pulls the legacy environment forward to provide more business value.
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Bringing hybrid cloud, AI will accelerate innovation in the modern enterprisesBy VARINDIA| 121 views
India is moving towards the path of self-reliance
India is moving towards the path of self-reliance
India is moving towards the path of self-relianceBy VARINDIA| 179 views
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TechNews in Telugu 876:Samsung M42,S20FE 5g,21FE,IOS 14 5,xiaomi car,space x,big Basket,redmi gamingBy Telugu TechTuts| 251 views
Swiggy moves beyond food delivery, opens stores to deliver everyday needs
The Economic Times | A Times Internet Limited product
Indian online food delivery service Swiggy said on Tuesday it was expanding its ambit to include home delivery of essentials such as groceries from brick-and-mortar stores. Swiggy has tied up with stores to deliver fruits and vegetables, baby care items and health products, it said in a statement.By The Economic Times| 1824 views
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