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Ola founder and chairman Bhavish Aggarwal announced the Krutrim AI lab on Tuesday. The AI-focused research lab will be the central hub for all the future model releases of Ola Krutrim (commonly referred to as Krutrim). Alongside, several new India-focused open-source artificial intelligence (AI) models were also released, with the main highlight being the Krutrim-2…
Ola founder and chairman Bhavish Aggarwal announced the Krutrim AI lab on Tuesday. The AI-focused research lab will be the central hub for all the future model releases of Ola Krutrim (commonly referred to as Krutrim). Alongside, several new India-focused open-source artificial intelligence (AI) models were also released, with the main highlight being the Krutrim-2…
Uber said it does not set ride prices based on a user’s phone model, shortly after an Indian government body alleged that the ride-hailing giant and its domestic rival Ola use differential pricing for Android and Apple phones. India’s consumer affairs minister Pralhad Joshi said on X on Thursday that the Central Consumer Protection Agency…
An Indian government body has sent notices to ride-hailing firms Ola and Uber over alleged differential pricing for Android and Apple phones, the country’s consumer affairs minister, Pralhad Joshi, said in a post on X on Thursday. The move comes after several reports by local media and as users complained on social media that iPhone…
A few years ago, people were starting to write off the food-delivery industry, as many of the companies in that space were facing troubles. That turned around though, and the space has become really competitive again – just recently, Zomato announced a $150 million funding round from Ant Financial Services, and rival Swiggy revealed that…
SoftBank Group-backed Ola Electric would invest $920 million (roughly Rs. 7,600 crore) in the southern Indian state of Tamil Nadu to manufacture electric cars and batteries for electric vehicles (EVs), a state government statement said on Saturday. Ola will invest $920 million (roughly Rs. 7,600 crore) through its subsidiaries Ola Electric Technologies and Ola Cell Technologies,…
Indian ride-hailing startup BluSmart is seeking to challenge Uber and Ola for market share in the country with bets on an all-electric taxi fleet and an aggressive bid to lure disgruntled passengers and drivers from the incumbents. A clean energy push by Prime Minister Narendra Modi’s government is expected to significantly change India’s transport industry…
India’s Ola Electric will hold talks next week with investors in Singapore and the United States on its planned stock market listing, the first of a series of meetings for its up to $1 billion (nearly Rs. 8,250 crore) IPO, two sources with direct knowledge said. The sources said Ola, which makes electric scooters and…
The Supreme Court on Monday stayed the High Court order by which it had essentially allowed bike-taxi aggregators Rapido and Uber to operate in the national capital by asking the Delhi government not to take any coercive action against them till a new policy was formulated. A vacation bench of Justices Aniruddha Bose and Rajesh…
India’s largest e-scooter maker Ola Electric recorded an operating loss of $136 million (roughly Rs. 1,118 crore) on a revenue of $335 million (roughly Rs. 2,754 crore) in the last financial year which concluded in March, three sources told Reuters, missing its publicly disclosed revenue goal. The 2022-23 loss number of SoftBank-backed Ola Electric, which is…
