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SoftBank-backed Delhivery questions metrics in rival Ecom Express’ IPO filing

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SoftBank-backed Delhivery contests metrics in rival Ecom Express’ IPO filing

Indian logistics company Delhivery has publicly questioned the accuracy of information provided by rival Ecom Express in its draft initial public offering prospectus, a rare development in the run-up to the corporate’s market debut.

Delhivery, a SoftBank-backed company that’s already listed on the stock exchange, claims that Ecom Express misrepresented Delhivery’s business metrics while making comparisons in the pre-publication documents.

This 442-page draft prospectus (PDF) last month by Ecom Express says the startup shipped 514.41 million parcels in the fiscal yr ending March 2024, while Delhivery handled 740 million through the same period.

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Delhivery alleged in a letter to stock exchanges on Friday that the comparison is flawed, saying what it considers to be a single shipment is counted as two by its rivals, suggesting that Ecom Express’s volume figures are potentially inflated. Delhivery said its rival counts returned orders as two shipments.

Delhivery also raised concerns about Ecom Express’ cost of postage (CPS) calculations, citing discrepancies in accounting methods and allegedly inflated shipment figures.

The SoftBank-backed company also noted that Ecom Express’s claim of offering its services in 27,000 postal codes isn’t true as there are lower than 19,500 unique postal codes in India.

A slide from documents filed by Delhivery on Friday. Image Sources: Delhi/BSE

The public dispute comes lower than a month after Ecom Express, whose investors include Warburg Pincus, Partners Group and British International Investment, filed for an IPO searching for to lift $310 million.

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Delhivery also questioned Ecom Express’s presentation of its services EBITDA and company expenses, citing a scarcity of consistent definitions of those metrics in the prospectus.

Ecom Express didn’t immediately reply to a request for comment.

This article was originally published on : techcrunch.com
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PO clarous Director General Zoom also uses AI avatar during a quarterly connection

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Zoom CEO Eric Yuan

General directors at the moment are so immersed in artificial intelligence that they send their avatars to cope with quarterly connections from earnings as a substitute, a minimum of partly.

After AI Avatar CEO CEO appeared on the investor’s conversation firstly of this week, the final director of Zoom Eric Yuan also followed them, also Using his avatar for preliminary comments. Yuan implemented his non -standard avatar via Zoom Clips, an asynchronous company video tool.

“I am proud that I am one of the first general directors who used the avatar in a call for earnings,” he said – or fairly his avatar. “This is just one example of how Zoom shifts the limits of communication and cooperation. At the same time, we know that trust and security are necessary. We take seriously the content generated AI and build strong security to prevent improper use, protect the user’s identity and ensure that avatars are used responsibly.”

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Yuan has long been in favor of using avatars at meetings and previously said that the corporate goals to create Digital user twins. He just isn’t alone on this vision; The CEO of transcript -powered AI, apparently, trains its own avatar Share the load.

Meanwhile, Zoom said he was doing it Avatar non -standard function available To all users this week.

(Tagstranslat) meetings AI

This article was originally published on : techcrunch.com
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The next large Openai plant will not be worn: Report

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Sam Altman speaks onstage during The New York Times Dealbook Summit 2024.

Opeli pushed generative artificial intelligence into public consciousness. Now it might probably develop a very different variety of AI device.

According to WSJ reportThe general director of Opeli, Altman himself, told employees on Wednesday that one other large product of the corporate would not be worn. Instead, it will be compact, without the screen of the device, fully aware of the user’s environment. Small enough to sit down on the desk or slot in your pocket, Altman described it each as a “third device” next to MacBook Pro and iPhone, in addition to “Comrade AI” integrated with on a regular basis life.

The preview took place after the OpenAI announced that he was purchased by IO, a startup founded last 12 months by the previous Apple Joni Ive designer, in a capital agreement value $ 6.5 billion. I will take a key creative and design role at Openai.

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Altman reportedly told employees that the acquisition can ultimately add 1 trillion USD to the corporate conveyorsWearing devices or glasses that got other outfits.

Altman reportedly also emphasized to the staff that the key would be crucial to stop the copying of competitors before starting. As it seems, the recording of his comments leaked to the journal, asking questions on how much he can trust his team and the way rather more he will be able to reveal.

(Tagstotransate) devices

This article was originally published on : techcrunch.com
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The latest model AI Google Gemma can work on phones

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It grows “open” AI Google, Gemma, grows.

While Google I/O 2025 On Tuesday, Google removed Gemma 3N compresses, a model designed for “liquid” on phones, laptops and tablets. According to Google, available in a preview starting on Tuesday, Gemma 3N can support sound, text, paintings and flicks.

Models efficient enough to operate in offline mode and without the necessity to calculate within the cloud have gained popularity within the AI ​​community lately. They will not be only cheaper to make use of than large models, but they keep privacy, eliminating the necessity to send data to a distant data center.

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During the speech to I/O product manager, Gemma Gus Martins said that GEMMA 3N can work on devices with lower than 2 GB of RAM. “Gemma 3N shares the same architecture as Gemini Nano, and is also designed for incredible performance,” he added.

In addition to Gemma 3N, Google releases Medgemma through the AI ​​developer foundation program. According to Medgemma, it’s essentially the most talented model to research text and health -related images.

“Medgemma (IS) OUR (…) A collection of open models to understand the text and multimodal image (health),” said Martins. “Medgemma works great in various imaging and text applications, thanks to which developers (…) could adapt the models to their own health applications.”

Also on the horizon there may be SignGEMMA, an open model for signaling sign language right into a spoken language. Google claims that Signgemma will allow programmers to create recent applications and integration for users of deaf and hard.

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“SIGNGEMMA is a new family of models trained to translate sign language into a spoken text, but preferably in the American sign and English,” said Martins. “This is the most talented model of understanding sign language in history and we are looking forward to you-programmers, deaf and hard communities-to take this base and build with it.”

It is value noting that Gemma has been criticized for non -standard, non -standard license conditions, which in accordance with some developers adopted models with a dangerous proposal. However, this didn’t discourage programmers from downloading Gemma models tens of tens of millions of times.

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(Tagstransate) gemma

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This article was originally published on : techcrunch.com
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