
AIC‑BIMTECH hosts over 150 startups at ‘Google AI Day for Startups' event
Atal Incubation Centre, BIMTECH (Birla Institute of Management Technology (AIC‑BIMTECH) hosted the Google AI Day for Startups , a flagship event under the India-wide initiative by Google for Startups . Held at the BIMTECH campus in Greater Noida, the event was designed to empower early-stage founders through power-packed knowledge-sharing sessions for startups from investment to immersive sessions on Generative AI , expert panels, hands-on learning, and meaningful networking, covering more than 150 startups from across India.Google AI Day for Startups is a multi-format, full-day workshop series organized by Google for Startups in collaboration with ecosystem partners across India. These events aimed to equip early-stage founders with the knowledge, technical expertise, and networks required to build with Generative AI and scale their solutions effectively.The event featured keynotes and panels by Google AI experts, VCs, and founders, offering insights into key Generative AI trends such as AI agents, multimodal systems, and commercialization, with a focus on scaling real-world solutions. The day commenced with a high-impact panel discussion titled 'AI's Next Wave: Agents, Multimodal, and Monetization,' featuring prominent industry leaders including Mr. Alok Shankar Pandey, Group General Manager, DFCCIL; Amit Singal, Partner, Fluid Ventures; and Noor Fatma, Founder, Easiofy. The panel, moderated by Mahesh Prajapati (Founder - BigDot.ai), stressed the role of India's startups in driving AI-led innovation for the next billion users.Prabina Rajib, Director, BIMTECH, said: 'Hosting Google AI Day at our campus reflects BIMTECH's commitment to fostering innovation and driving meaningful engagement with the startup ecosystem. We are proud to facilitate the innovators through AIC BIMTECH's initiative.Surya Kant, CEO of AIC-BIMTECH, said: 'Startups are the backbone of our nation. I've been engaged with the Google team since 2023, and it's an honor for AIC-BIMTECH to host this event. It perfectly aligns with our mission to empower AI and emerging tech startups, contributing meaningfully to the vision of Viksit Bharat.Creating a Strategic Impact, Enisha Kalita, Program Manager, Google, introduced the Google for Startups programs, covering all initiatives to the startups that help early-stage ventures with mentorship, cloud credits, and go-to-market strategy. The event encouraged meaningful conversations, idea validation, and opened doors for future investment by showcasing how AI can be rapidly prototyped into impactful solutions by startups. Over 150 startup founders, developers, investors, and Google engineers came together for a hands-on day of AI exploration and collaboration. Startups dove into codelabs and live demos, working with advanced tools like Gemini 2.5, Gemma 3.0, Vertex AI, and AI Studio to bring real-world ideas to life.
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News18
16 minutes ago
- News18
US is now Tariff King of the world: Former diplomat Vikas Swarup
New Delhi [India], August 14 (ANI): Noting that India has done the 'right thing" by not caving in to the Trump administration's pressure in trade talks to provide more access to the country's agriculture and dairy sectors, former diplomat Vikas Swarup has said 'the US called India a 'Tariff King' but now the 'Tariff King' in the world is the United States".In an interview with ANI, Vikas Swarup, who is a former High Commissioner to Canada, said steps being taken by the US President Donald Trump will eventually lead to ratcheting up inflation in America. 'US called India a 'Tariff King'. But now the 'Tariff King' in the world is the United States because our average tariff is about 15.98%. The US tariff today is 18.4%. So, it is now the 'Tariff King' of the world. But the fact is, tariffs are bringing in money. They will bring in about a 100 billion dollars a year for the US. But the issue is that eventually who will pay for these tariffs? By American consumers. So, what's going to happen is this is going to ratchet up inflation in America, it's going to ratchet up prices in America. I think that's when the chickens will come home to roost," he said.'If you cave in to a bully then the bully will increase his demands. Then there will be even more demands. So, I think we have done the right thing. India is too large, too proud a country to become a camp follower of any other country. Our strategic autonomy has been the bedrock of our foreign policy right from the 1950s. I don't think that any Govt in Delhi can compromise on that," says former diplomat Vikas Swarup on the tariff rift between India and the US," he added. President Trump announced 25 per cent tariffs on Indian goods plus an unspecified penalty in July, even as there were hopes of an interim India-US trade deal that would have otherwise helped avoid elevated tariffs. A few days later, he imposed another 25 per cent tariff, taking the total to 50 per cent, over India's imports of Russian Opposition questioning India's Foreign Policy and diplomacy, Vikas Swarup said India should not cave in to any pressure as India's strategic autonomy is non-negotiable'Here, I would not blame our diplomats at all. I think what has happened is Pakistan, through some intermediaries, has gotten the ear of the US President and that is why, two visits by Asim Munir to Washington, the so-called 'deal" with America on so-called 'oil reserves" of Pakistan. More importantly, I think Pakistan is now trying to position itself as the 'Crypto King' of South Asia and there, through World Liberty Financial in which Trump's family has stakes, Steve Witkoff's family has a stake, through that I think Pakistan has managed to project an image of itself as a reliable partner…All these things have led to Trump having a softer approach towards Pakistan," he said. 'But that does not mean that he has given up on India or that India is now an adversary for him. I think this is part of his pressure tactics to secure a more favourable deal. India should not cave in because our strategic autonomy is non-negotiable," he Swarup, a noted author, said Trump has made no secret of his longing for the Nobel Peace Prize and while he is a dealmaker, he has now made it his USP that he is the peacemaker.'On 50% tariffs imposed by the US on India, former diplomat Vikas Swarup says, 'Trump is a dealmaker and he has now made it his USP that he is the peacemaker. Look at the number of conflict situations that he has mediated in, whether it is Thailand and Combodia, Rawanda and Democratic Republic of Congo, Armenia and Azerbaijan; he has injected himself into each of those. He feels that the biggest one of these was the India and Pakistan one because these two are nuclear powers," Vikas Swarup said. 'So, from that point of view, Trump feels that he deserves credit and Obama is the only Amercian President to have got the Nobel Peace Prize. Trump really wants to do one better than Obama, and that is why, I think, he has made no secret of his longing for that Nobel Peace Prize. He is hoping that if he could not get it for these, if he has able to bring about a ceasefire between Russia and Ukraine, then that might be his ticket to the Nobel Peace Prize," he former diplomat said that there is a need to look at the US' relationship with Pakistan through a different lens from the US' relationship with India. 'I think the relationship with Pakistan right now is a very tactical one and is a short-term one, primarily motivated by the financial gain that the Trump family and Witkoff family hope to make from the cryptocurrency assets in Pakistan. With India, I think, the relationship is much more strategic. It is not so transactional as it is with Pakistan. That is why I personally feel that it is a passing phase. I call it a storm, not a rupture. You just have to wait out the storms. All storms eventually pass," he said there are three reasons US President Donald Trump has imposed 50 per cent tariffs on Indian goods including his 'being miffed that India has not acknowledged his role" in cessation of hostilities with Pakistan following Operation Sindoor, former diplomat Vikas Swarup has said, noting that if there is positive outcome of Alaska talks, Russia sanctions will be off the table.'We have to understand why these tariffs have been imposed. I personally feel that there are three reasons. One, Trump is not happy with India because we are a member of BRICS and somehow, in his head, he has got this notion that BRICS is an anti-America alliance which is hell-bent on creating an alternative currency to the dollar. So, because of that, he feels that India should not be a member of the BRICS. Two, Operation Sindoor and his so-called role in bringing about the ceasefire," Vikas Swarup said.'We have been saying right from the beginning that Trump had no role because we do not accept external mediation. This ceasefire was mediated directly between the DGMOs of Pakistan and India at the request of the DGMO of Pakistan. Trump has now said almost 30 times that it was he who got the two countries to stop back from the brink, who stopped a nuclear conflagration in the subcontinent. So, obviously he is miffed that India has not acknowledged his role, whereas Pakistan has not only acknowledged his role but has even nominated him for a Nobel Peace Prize," he to Bilateral Trade Agreement (BTA) talks between India and US, Vikas Swarup said Trump is resorting to pressure tactics to get India to sign on his maximalist demands.'…This is part of his pressure tactics to get India to sign on the dotted line on the maximalist demands that the US is making with regard to access to our dairy and agriculture and GM Crops. We have not caved in and it is also in a way a signal to Russia because he is also frustrated that he has not been able to get President Putin to agree to the ceasefire that Zelenskyy has agreed to," he Swarup referred to the summit meeting between President Trump and President Putin in Alaska on August 15 over the Ukraine conflict.'Now they are meeting in Alaska on 15th August. If there is a positive outcome of the Alaska talks then I am 100% sure that the Russia sanctions will be off the table because Putin is not going to accept a ceasefire and yet be saddled with economic sanctions," he and the US initiated talks for a just, balanced, and mutually beneficial Bilateral Trade Agreement (BTA) in March this year, aiming to complete the first stage of the Agreement by October-November April 2, 2025, President Trump signed an executive order for reciprocal tariffs on various trade partners, imposing varied tariffs in the range of 10-50 per subsequently kept the tariffs in abeyance for 90 days, while imposing a 10 per cent baseline tariff. The deadline was to end on July 9, and the US administration later pushed it to August the ongoing Monsoon session of Parliament, Commerce and Industry Minister Piyush Goyal made a statement in both Houses, affirming that the government is examining the impact of tariffs and will take all necessary steps to safeguard the national interest. (ANI)


Economic Times
17 minutes ago
- Economic Times
Stock plunge at Monday.com sends shockwaves - here's the troubling reason you need to know
Revenue Guidance Falls Short of Expectations AI Fears Trigger Major Selloff in Shares Live Events Is Artificial Intelligence Disrupting the Software Business Model? FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel took a sharp tumble recently, sending ripples across the software industry and raising fresh concerns about how artificial intelligence (AI) is reshaping the sector's future, as per a report. The project management software company's stock dropped 26.5% after reporting second-quarter results that beat expectations, but then issuing a cautious revenue forecast that left investors uneasy, according to Stock key worry is that guidance for the third quarter fell short of Wall Street's anticipation, signaling a possible slowdown in growth, as per the report. The company projected revenue between $311 million and $313 million, just below analysts' estimates. On top of that, profitability showed signs of strain, with the GAAP operating margin slipping to -3.9% from a positive 0.8% a year earlier, according to Stock Story. Free cash flow margin also declined 20.1% compared to last year, as per the READ: VA hospitals in crisis! Audit exposes every center faces severe staffing shortages - are veterans at risk? This combination of weaker future outlook and shrinking margins spooked investors, despite solid recent performance, as per the Stock Story report. The steep selloff in its shares reflects broader fears across the software industry about the disruptive power of AI, which many worry could upend traditional business models by enabling faster, cheaper software development, according to has dropped 21.5% since the beginning of the year, and at $181.31 per share on Monday, it is trading 44.7% below its 52-week high of $327.92 from February 2025, as reported by Stock Story. While Morgan Stanley analyst Josh Baer raised his rating on to overweight on Tuesday, highlighting that the stock's pullback 'more than incorporates' risks of AI disrupting search advertising and performance marketing, as reported by READ: Kevin O'Leary says legendary investor Charlie Munger nailed everything, except this one investing move The stock market reaction wasn't limited to alone, even European software giants, including SAP, biggest company by market value, saw its shares fall sharply, as per the Bloomberg report. SAP dropped more than 7% in Frankfurt, wiping out nearly €22 billion ($26 billion) in market value in a single session, according to Bloomberg. Other industry players like Sage Group and Dassault Systemes also slid amid mounting concerns that AI could spell tough competition ahead, as per the Capital Markets analysts led by Matthew Hedberg, said that, 'Software valuations remain under pressure from the 'death of software due to AI' narrative, which likely drives continued volatility in the short term,' as quoted in the Bloomberg analyst Brent Thill pointed out that, 'Investors are fearing that AI is going to eat software and multiples are going to fall apart,' adding, 'I think the fear is overblown, but nevertheless we are living through a period right now where investors just really don't care about the group,' as quoted in the READ: Is it AI or Trump's policies? US sees brutal 140% layoff spike in July, worst surge since early COVID chaos Because its Q3 revenue forecast fell short of expectations, despite strong Q2 earnings, as per the Stock Story down 21.5% in 2025 and about 45% off its February high.


Indian Express
36 minutes ago
- Indian Express
RBI committee recommends measures for AI adoption in financial sector
To encourage the responsible and ethical adoption of Artificial Intelligence (AI) in the financial sector, a Reserve Bank of India (RBI)-constituted committee has recommended several measures, including the establishment of financial sector data infrastructure, data lifecycle governance, consumer protection and cyber security measures. These proposals were put forward by an RBI committee, set up in December last year, to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the financial sector. The committee has given 26 suggestions which are based on six pillars – infrastructure, policy, capacity, governance, protection and assurance. 'A high-quality financial sector data infrastructure should be established, as a digital public infrastructure, to help build trustworthy AI models for the financial sector,' the committee said. This may be integrated with the AI Kosh – India Datasets Platform, established under the IndiaAI Mission. The committee has recommended the establishment of an AI innovation sandbox, development of indigenous financial sector-specific AI models, adaptive and enabling policies and adoption of AI liability framework. It has suggested that regulated entities should develop AI-related capacity and governance competencies for the board and C suite. Regulators and supervisors should also invest in training and institutional capacity building initiatives to ensure that they possess an adequate understanding of AI technologies and to ensure that the regulatory and supervisory frameworks match the evolving landscape of AI. To ensure the safe and responsible adoption of AI within institutions, the committee has proposed that regulated entities should establish a board-approved AI policy which covers key areas such as governance structure, accountability, risk appetite, operational safeguards, and consumer protection. Regulated entities should augment their existing business continuity plan (BCP) frameworks to include both traditional system failures as well as AI model-specific performance degradation. The committee has recommended that REs should implement a comprehensive, risk-based, calibrated AI audit framework, aligned with a board-approved AI risk categorisation, to ensure responsible adoption across the AI lifecycle, covering data inputs, model and algorithm, and the decision outputs.