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JioGlass, 5G, JioMart, Google Investment For ‘2G-Mukt’ India And More: Highlights of The Big Jio Announcements Made by Mukesh Ambani at RIL AGM 2021

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JioGlass, 5G, JioMart, Google Investment For '2G-Mukt' India And More: Highlights of The Big Jio Announcements Made by Mukesh Ambani at RIL AGM 2020

New Delhi, July 15: Reliance Industries Restricted Chairman Mukesh Ambani addressed shareholders at his firm’s 43rd annual basic assembly (AGM) just about on Wednesday. In his tackle, Mukesh Ambani made a slew of bulletins, together with funding from Google in Jio Platforms. On the 43rd AGM, Reliance Jio additionally unveiled JioGlass and JioMart with Ambani asserting “Made-in-India” 5G resolution to make India “2G-mukt” (free from 2G).

Ambani introduced that Jio is creating a homegrown 5G telecom resolution. “Jio has designed and developed an entire 5G resolution from scratch. It is going to be prepared for trials as quickly as 5G spectrum is obtainable and could be prepared for subject deployment subsequent 12 months,” he stated. One of crucial bulletins made by Ambani is Google’s funding in Jio Platforms. “Google will make investments Rs 33,737 crores for a 7.7 % stake in Jio Platforms,” he introduced.

With this funding, Google has turn out to be the second-largest investor in Jio Platforms after social media large Fb that invested $5.9 billion (Rs 43,574 crore) for a 9.99 % stake. Reliance additional unveiled JioTV – a video content material aggregator that delivers TV channels, exhibits, motion pictures and net collection from apps and companies corresponding to Netflix, Amazon Prime, Disney Hotstar, Voot, SonyLiv, Zee5, JioCinema, JioSaavn, YouTube amongst others.

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JioGlass has additionally been launched at the AGM. “The Jio Glass is at the innovative of know-how that gives best-in-class Combined Actuality companies to provide customers a really significant immersive expertise,” Kiran Thomas introduced. “Jio Glass is making lecturers and college students come collectively in 3D digital rooms and conduct holographic lessons by way of our Jio Combined Actuality cloud in real-time. With JioGlass, the normal method of studying Geography will now be Historical past,” he added.

Isha Ambani then introduced JioMart, constructed for small-scale grocery shops and clients. JioMart was launched a number of months in the past in beta model in 200 cities. “JioMart is constructed upon two basic pillars — 1. A robust omnichannel tech-platform to unite clients, kiranas and producers. 2. A widespread bodily community of Reliance Retail that takes advantages of new commerce to each nook,” Isha Ambani stated.

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Ultimately, Ambani stated Jio and Google are working collectively to develop low-cost 5G smartphone. “We now have offered 100 million Jio Telephones until date. However there are various characteristic telephone customers ready to improve to a standard smartphone. We imagine we are able to design an entry-level 4G or perhaps a 5G smartphone. We imagine that we are able to design such a telephone at a fraction of the present price. Google and Jio are partnering to construct a value-engineered Android-based smartphone Operation System,” he stated. “The Jio-Google partnership is decided to make India 2G-mukt,” he added.

(The above story first appeared on LatestLY on Jul 15, 2021 03:11 PM IST. For extra information and updates on politics, world, sports activities, leisure and life-style, go browsing to our web site latestly.com).

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Samsung develops the fastest DRAM chip for AI applications in the industry

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Samsung develops industry's fastest DRAM chip for AI applications

In a groundbreaking development, Samsung has announced the creation of the industry’s first low-power double data rate 5X (LPDDR5X) DRAM chip for AI applications. The new chip boasts high performance of up to 10.7 Gbps, marking a significant improvement in both speed and capacity compared to previous models.

Low-power, high-performance LPDDR chips are becoming increasingly important in the on-device AI market. Samsung’s latest LPDDR5X products, developed with 12 nanometer-class process technology, are the smallest in size among existing LPDDR chips, further cementing the company’s position as a leader in the low-power DRAM sector.

A company spokesperson stated, “Samsung will continue to innovate and deliver optimized products for the upcoming on-device AI era through close collaboration with customers.” Mass production of the LPDDR5X is set to commence in the second half of the year, pending verification by mobile application processor and device providers.

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The unveiling of Samsung’s LPDDR5X DRAM chip represents a significant step forward in the field of AI technology. The chip’s impressive performance and capacity enhancements are expected to further drive the adoption of on-device AI solutions in various industries. This groundbreaking innovation is sure to set a new standard for memory solutions tailored for AI applications.

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PM Modi expresses strong interest in Zoho’s rural development model: Sridhar Vembu

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PM Modi showed keen interest in our model of rural development: Zoho's Sridhar Vembu

New Delhi, April 17 (IANS) – Zoho Founder and CEO, Sridhar Vembu, revealed that Prime Minister Narendra Modi expressed interest in Zoho’s rural development model in Tenkasi district, Tamil Nadu during his recent meeting. PM Modi praised the company’s efforts in creating high-tech capabilities and jobs in rural areas.

During an election rally in Ambasamudram, PM Modi met Vembu to discuss Zoho’s rural development through R&D model. Vembu expressed gratitude towards PM Modi for taking the time to understand and appreciate the company’s operations in Tenkasi as a model of rural development.

“PM Modi came to Ambasamudram which is close to my village. Even in the middle of his hectic campaign schedule, he gave me time to meet him and brief him on our rural development through R&D model and on creating high-tech capability and jobs in rural areas,” Vembu shared on social media.

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Vembu highlighted that PM Modi showed keen interest in Zoho’s Tenkasi operations. He praised the Prime Minister’s leadership and expressed his support for his continued health and service to the nation. Zoho, founded in 1996 and headquartered in Chennai, employs over 15,000 individuals globally.

During his rally in Ambasamudram, PM Modi criticized the DMK in Tamil Nadu, alleging that they conspired with the Congress to hand over the Katchatheevu island to a foreign nation. PM Modi emphasized his commitment to developing a ‘Viksit Tamil Nadu’ along with a ‘Viksit Bharat’ for overall progress.

The interaction between PM Modi and Zoho’s CEO highlights the government’s interest in innovative rural development models like the one implemented by Zoho in Tenkasi district. The meeting signifies a recognition of the potential for high-tech job creation in rural areas leading to localized economic growth and development.

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MediBuddy Healthcare Platform Reaches Break-Even Point in Fiscal Year 2024

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Healthcare platform MediBuddy achieves break-even in FY24

New Delhi, April 17 (IANS) Digital healthcare platform MediBuddy has announced that it has reached break-even with a marginal loss in the previous fiscal year, moving towards EBITDA neutrality. The company has seen a significant increase in its user base by 2.4 times over the last three years, serving close to 3 crore people with over 1 crore subscribers.

According to Satish Kannan, Co-founder and CEO of MediBuddy, “By leveraging technology, our platform enhances doctor-patient interactions, fueling remarkable growth and expanding healthcare access nationwide.” The company is now focusing on exploring mergers and acquisitions opportunities in key healthcare areas such as chronic disease management, mental health, diabetes, women’s care, and weight management, supported by an $18 million capital pool.

MediBuddy has a network of over 90,000 doctors across more than 22 specialities, and works with over 7,100 hospitals and clinics. The company has also onboarded over 10,000 hospitals and diagnostic centers for all radiology and pathology investigations. Kannan stated, “We empower doctors through our platform, offering accessible care via video consultations, hospital visits, clinics, pharmacy deliveries, and diagnostic services.”

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The company’s commitment to innovation and technology has led to its break-even milestone, as it continues to focus on providing quality healthcare services to its growing user base. MediBuddy’s emphasis on enhancing doctor-patient interactions and expanding healthcare access has contributed to its success in achieving break-even status in the previous fiscal year.

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