AssessPrep turns test scores into data schools can use; VC inflow into startups sees marginal rise
AssessPrep uses AI to create, grade, and analyse tests, helping schools see where students are struggling, and not just what they scored. Venture capital funding into Indian startups rose marginally in the last week of August.
India's digital services giant Jio Platforms Ltd is poised to unveil what could be the country's largest IPO ever, with Sebi approval for an offering that could raise approximately $3.8 billion (Rs 37,700 crore). The IPO, set to surpass Hyundai Motor India's previous record $3.3 billion listing in 2024, would also be one of the smallest at Rs 30,000 crore.
Meanwhile, IIT-Madras is making strides towards a future of innovation with Bharat Ascend, a mission led by IITM Global Research Foundation in partnership with Ideabaaz to discover 100 high-potential ideas from Tier II and III cities and innovation ecosystems across India within a year. The mission aims to transform these ideas into prototypes, pilots, investable ventures, market-ready products, and globally scalable enterprises.
Temasek, a shareholder in Singapore Airlines, has backed the airline's investment in Air India, signaling a long-term perspective on the struggling carrier. OpenAI, the creator of ChatGPT, has announced plans to cut off AI models for coding-tool company Cursor, owned by SpaceX, citing concerns over the company's potential misuse of the technology.
In a trivia corner, Panasonic was the electronics company that once used the ad slogan 'Just Slightly Ahead of Our Time'.
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