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India’s massive AI opportunity; Women entrepreneurs in this year’s Mann Ki Baat

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India’s massive AI opportunity; Women entrepreneurs in this year’s Mann Ki Baat

Reliance Industries has officially responded to Elon Musk’s sharp critiques of India’s satellite communications landscape. Breaking its silence, the conglomerate welcomed incoming competition, saying that a competitive market ultimately serves customers best, provided every player abides by Indian law. Setting "the facts on record," Reliance directly addressed Musk's push for open competition.

Meanwhile AI company RapidCanvas has raised $29 million in Series B funding led by Vertex Ventures SEA & India. The round also saw participation from Hitachi Ventures and existing investors, including Accel, Peak XV Partners, Valley Capital Partners and Titanium Ventures.

It plans to use the capital to grow its go-to-market teams and expand its network of private equity and advisory partners, who bring managed AI execution to their portfolio companies and clients. It will also expand its field AI engineering team across India, the US and Brazil.

ICYMI: The grand finale of TechSparks featured Professor Ashok Jhunjhunwala, Institute Professor at IIT Madras and Chairman of IIIT Hyderabad and the ITEL Foundation, Food Pharmer Revant Himatsingka and more.

Lastly, Tesla has unveiled its next-generation Roadster in Texas, showcasing SpaceX-developed thrusters that reportedly enable the electric sports car to hover and maneuver in mid-air. Presenting the vehicle at a SpaceX facility, CEO Elon Musk teased the crowd with a preview of its wild capabilities: “You're going to see some crazy stuff tonight.”

However, it is unlikely that we will see flying cars anytime soon. Here’s why. 

Here’s your trivia for today: What consumer tech brand takes its name from the Swedish words for "electric" and "light" after a landmark merger in 1919?


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