logo
IYO sues OpenAI and others For 'willful' trademark infringement and unfair competition

IYO sues OpenAI and others For 'willful' trademark infringement and unfair competition

Time of India2 days ago

IYO
Inc, a California-based wearable tech startup founded by former Google engineer,
Jason Rugolo
, has filed a lawsuit against
OpenAI
, its CEO
Sam Altman
, former
Apple
designer Jony Ive, and their hardware venture, IO Products Inc, alleging 'willful' trademark infringement and unfair competition.
To be updated
Discover the stories of your interest
Blockchain
5 Stories
Cyber-safety
7 Stories
Fintech
9 Stories
E-comm
9 Stories
ML
8 Stories
Edtech
6 Stories

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Meet Nikesh Arora, who faced 400 rejections, now CEO of Rs 11,21,29,22,500 company, he works for...
Meet Nikesh Arora, who faced 400 rejections, now CEO of Rs 11,21,29,22,500 company, he works for...

India.com

time34 minutes ago

  • India.com

Meet Nikesh Arora, who faced 400 rejections, now CEO of Rs 11,21,29,22,500 company, he works for...

(File) Success stories: Indian American business executive and the chairman and chief executive officer (CEO) of the American cybersecurity company Palo Alto Networks, Nikesh Arora says, 'Scarcity encourages you to be resourceful. It allows you to do a lot more with a lot less'. He made this observation in an interview with Karishma Mehta of Humans of Bombay. He also talked about his journey from formative years to becoming the CEO of Palo Alto Networks. Nikesh Arora was born in Ghaziabad, Uttar Pradesh to an Indian Air Force officer in a Punjabi family. He completed his schooling at The Air Force School and went on to graduate from Institute of Technology, Banaras Hindu University. Later, he earned an M.S. degree in finance from Boston College and an MBA from Northeastern University. The tech spearhead had humble beginnings as he grew up in a disciplined household. 'Growing up, we kind of moved around every few years. That brings a degree of adaptability to your life,' he said adding that his early years were marked by constant change and values passed down from his father: fairness and integrity. He pursued engineering from Banaras Hindu University (BHU) and instead of India, he aimed for US business schools. His choices were institutions that did not charge application fees. Reflecting on the days when he was borrowing from his father's pension fund, he said, 'I was scraping around, teaching nights, doing all kinds of fun stuff just to survive.' He said that the phase after graduation was one of the toughest phases of his life. 'I sent 400-plus applications and got rejected 400-plus times. I saved all the rejection letters. They're my motivation,' he said. He got a breakthrough in 1992 when he began his career at Fidelity Investments where he held different positions. Eventually, he became the vice president of Fidelity Technologies. He earned a master's degree and Chartered Financial Analyst (CFA) certification, eventually teaching a CFA course that subsequently led to his next destination as he joined Google in 2004. 'Amazing, like being in a rocket ship' is how he described his beginning at Google. Over the next 10 years, he played a key part in Google's revenue growth from $2 billion to over $60 billion. After 10 years at Google, he felt the urge to move on. 'I wanted to do something different,' he says. After a break, Arora joined Palo Alto Networks. At the time of his joining, the company was valued at $18 billion. Today, it's over $100 billion. He attributes the growth to timing and clarity of vision. 'Cybersecurity is a growing market. The more we rely on technology, the more our attack surface expands. If we can't build it, we'll partner or buy,' he says. Arora took the company toward cloud and Artificial Intelligence early on, emphasising constant innovation as he revealed his experience with ChatGPT, which left a lasting impression on him.

CBI books Supertech, its promoter RK Arora for cheating IDBI Bank of ₹126.07 crore
CBI books Supertech, its promoter RK Arora for cheating IDBI Bank of ₹126.07 crore

Mint

timean hour ago

  • Mint

CBI books Supertech, its promoter RK Arora for cheating IDBI Bank of ₹126.07 crore

The Central Bureau of Investigation has filed an FIR against Noida-based real estate developer Supertech, its promoter RK Arora and others for allegedly cheating IDBI Bank to the tune of ₹ 126.07 crore, officials said on Saturday. Alongside Arora, the construction firm's whole-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain were named in the FIR, apart from the company itself, according to the officials. Officials of the CBI on Saturday conducted coordinated search operations in five locations linked to the accused persons. Searches were conducted at official and residential premises in Noida and Ghaziabad in connection with the case. During the raids, agency officials seized cash amounting to ₹ 28.5 lakh, CBI's spokesperson said in a statement. The case was initiated following a complaint from IDBI Bank, which alleged that the accused had conspired to misappropriate sanctioned loan funds through fraudulent means. According to the FIR, the bank alleged that the company and its directors submitted forged documents to secure credit facilities under false pretenses. The loan account was subsequently declared a wilful default and categorised as fraudulent, allegedly resulting in wrongful losses totalling ₹ 126.07 crore to IDBI Bank Ltd., the CBI said. Observing an 'unholy' nexus between the banks and developers, the Supreme Court in April had directed the CBI to register a preliminary inquiry into projects of realty major Supertech Limited in NCR. A bench of Justices Surya Kant and N Kotiswar Singh took into account an affidavit filed by CBI and directed the UP, Haryana DGPs to give a list of DSPs, inspector, constables to the agency to constitute a special investigation team (SIT). The top court further directed the CEOs/administrators of Greater Noida Authority, Noida Authority, secretary, Ministry of Housing and Urban Affairs, the Institute of Chartered Accountants of India and RBI to notify one nodal officer from among their senior-most officers within a week to extend necessary assistance to the SIT. The apex court previously said thousands of homebuyers were affected by the subvention scheme, where banks paid 60 to 70 per cent of the home loan amount to the builders without projects being completed within the stipulated time. The apex court had then ordered the CBI to submit a roadmap on how it planned to unravel the "builder-banks nexus" which duped thousands of homebuyers in the NCR and proposed to go into the root of the matter.

India will soon have its own satellites to monitor spy satellites. How the technology works
India will soon have its own satellites to monitor spy satellites. How the technology works

The Print

timean hour ago

  • The Print

India will soon have its own satellites to monitor spy satellites. How the technology works

'India will be focusing on improving its presence in space in the coming years. This initiative will be a part of that larger aim,' a senior ISRO official said. The project being undertaken by the Defence Ministry, which is in the process of being finalised, will have 'satellite mapping' capabilities and will be fully made in India, senior officials from the Indian Space Research Organisation (ISRO) told ThePrint. New Delhi: Spy satellites to monitor other spy satellites. India will soon have its own constellation of satellites to keep an eye out for other satellites that might be surveilling India. This network of satellites will enhance India's space domain awareness and will also help monitor orbital threats in real-time. The project is being overseen under NETRA, a Network for Tracking Space Objects and Analysis, which detects space debris and other hazardous space objects. The official said that while ISRO will partner with the MoD in overseeing the overall design and monitoring of these satellites, a private Bengaluru-based space start-up, Digantara, has been contracted to deploy these satellites within the next year. How does satellite mapping work? The capabilities of monitoring foreign satellites is being acquired by countries including the US, Russia and China. These satellites have propulsion and guidance systems that utilise factors such as orbital inclinations and altitudes to get information and photographs from a potential target satellite. Some of these satellites are also capable of intercepting inter-satellite communications and links to ground stations. Varying versions of such technology are either already deployed or are currently being tested. In 2020, the US Space Command—an agency responsible for tracking all objects in orbit—flagged that the Russian satellite Kosmos 2543 had released an unknown object into space. This was believed to be a test of a new technology that could be used to destroy objects already in orbit. The Russian satellite released this tech in close proximity to another Russian satellite. 'Space is increasingly becoming a weapon for countries. Battles will no longer be limited to just the ground, but will also be fought in space. And countries need to be ready for it,' the ISRO official said. Focus on active orbital security India is already working on increasing its defence capabilities in space. Its next 'spy satellite programme', space-based surveillance-3 or SBS-3, will launch a constellation of 52 surveillance satellites in the coming two years. Three private space startups, Ananth Technologies, Centum Electronics and Alpha Design Technologies, have joined hands with the government to give shape to this project. The Rs 27,000 crore project is set to significantly improve India's national security capabilities. (Edited by Viny Mishra) Also read: DRDO eyes persistent high-altitude surveillance edge as Stratospheric Airship soars in maiden trial

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store