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Paytm Turns Profitable with Strong Q1 Boost from AI and Merchant Growth

July 22, 2025July 22, 2025 by educatekaroin News, AI, Apps, Business, India, TechLeave a Comment

Paytm surprised many by clocking a ₹122.5 crore profit in Q1, a sharp rebound from its hefty ₹838.9 crore loss during the same time last year. Backed by strong merchant growth and trimmed employee costs, the company clocked ₹1,917 crore in revenue and ₹72 crore in EBITDA. What’s really driving this? Smart use of AI, disciplined spending, and deeper monetisation through device subscriptions. Financial services doubled too, hinting Paytm’s lending game is maturing. It’s early days, but this feels like more than just a lucky quarter — the full-stack strategy might finally be clicking.

Credit: YourStory

Blinkit Bets on Owning Inventory for Better Margins

July 22, 2025July 22, 2025 by educatekaroin News, Apps, Business, India, TechLeave a Comment

Blinkit, Eternal’s quick commerce arm, is shifting from a marketplace model to full inventory ownership. Instead of just listing sellers, Blinkit will now stock products itself—aiming for better margins, smoother operations, and more control. This bold move could improve availability and fill rates, but it also means higher working capital. With over 1,500 dark stores and aggressive expansion plans, Blinkit’s eyeing profitability. Margins improved slightly this quarter, and leadership seems confident. It’s a risky play in a cutthroat space, but owning the supply chain might just give Blinkit the edge it needs.

Credit: YourStory

Google DeepMind’s Gemini AI Wins Gold at IMO 2025

July 22, 2025July 22, 2025 by educatekaroin News, AI, Apps, TechLeave a Comment

In a major AI milestone, Google DeepMind’s Gemini Deep Think model achieved gold medal performance at the International Mathematical Olympiad (IMO) 2025, solving 5 out of 6 problems — scoring 35/42 points. Unlike last year’s models, Gemini worked entirely in natural language, solving problems within the same 4.5-hour limit as human participants. This shows how close AI is getting to elite human reasoning. With advanced reasoning tools like “parallel thinking,” Gemini is now seen as a breakthrough in mathematical AI.

Credit: Deepmind

86% Firms Urge Govt Push for AI in India’s Security: Nexgen Report

July 21, 2025July 21, 2025 by educatekaroin News, AI, Apps, India, TechLeave a Comment

A new report by Nexgen Exhibitions says India urgently needs government incentives and investment in AI to bolster cybersecurity and border defence. Based on a survey of 200+ companies, 86% support stronger state involvement, while 14% back public-private partnerships. With 2.3 million cyber incidents and ₹1,200 crore in losses reported in 2024, the demand for an AI-driven security strategy is growing. Yet, India lacks a national AI defence framework. With global threats rising, the message is clear: without proactive action, India risks falling behind in AI-enabled warfare and defence innovation. The upcoming Police Expo 2025 will spotlight these challenges.

Credit: YourStory

CoinDCX Suffers $44M Crypto Hack, Assures No Customer Funds Lost

July 21, 2025July 21, 2025 by educatekaroin News, AI, Apps, TechLeave a Comment

Indian crypto exchange CoinDCX confirmed a security breach in one of its internal wallets, with around $44 million in USDC and USDT reportedly stolen. The hack, which occurred between July 18–20, impacted a liquidity provisioning wallet on Solana, not user funds. CEO Sumit Gupta assured that losses are being covered by the company’s reserves and customer assets are safe. Trading and INR withdrawals remain functional. CoinDCX is investigating with partners and promises a full post-mortem soon. The breach follows last year’s $235M WazirX hack, sparking renewed concerns about crypto security in India.

Credit: YourStory

Elon Musk Plans ‘Baby Grok’ AI App for Kids, Hints at Viral Video Tool

July 21, 2025July 21, 2025 by educatekaroin News, AI, Apps, TechLeave a Comment

Elon Musk has announced that his AI company xAI is building “Baby Grok,” a kid-friendly version of its Grok chatbot. The separate app will focus on safe, child-oriented content, though no release date has been shared yet. Musk also teased a new AI feature called “Imagine,” aimed at creating viral videos quickly. Meanwhile, xAI’s Grok 4, launched earlier this month, boasts major improvements in reasoning and creativity and is now available to government agencies. xAI is reportedly eyeing a valuation up to $200 billion as it continues expanding features and raising capital.

Credit: Economic Times