Digital – Page 30 – storyboard18

Indian cinema brings revenue of Rs 11,833 Crores in 2024: Ormax Media Report

In 2024, cinemas recorded 88.3 crore footfalls, marking a 6% drop compared to 2023.

Perplexity AI sets sights on India with major hiring push

Despite being "highly under monetized," the company has managed to grow at an extraordinary rate, recording a 6.3x year-over-year revenue increase.

Answer engine Perplexity looks to expand operations and tap into India’s growing AI market.

Amazon expands $50 bn ad empire to other retailers with new ad service

Amazon Fashion sees surge in GenZ shoppers

At the Consumer Electronic Show, Amazon unveils the Amazon Retail Ad Service, offering advanced technology to retailers, directly challenging industry giants.

Restaurant association accuses Swiggy, Zomato of unfair competition with private-label apps

The NRAI expressed his strong disapproval of the aggregators' new moves, calling them a betrayal of trust.

The NRAI slams food aggregators for launching their own quick commerce platforms, claiming misuse of data and unfairly competing with restaurants they were meant to support. Legal action is now on the table.

YouTube, Meta account for whopping 57% online video revenue in 2024: AVIA Report

Disney+ Hotstar, Jio Cinema, Netflix, and Prime Video remain the leading platforms in the SVOD market. (Image Source: Unsplash)

Subscriptions grew from 110 million at the end of 2023 to 120 million by mid-2024.

IndiaAI and Microsoft join hands to harness AI’s potential for inclusive development, economic transformation

(Image: growtika via Unsplash)

AI Catalysts – Center of Excellence, to be established for promoting rural AI innovation in Tier 2 and Tier 3 cities and equip 100,000 AI innovators and developers

Govt panel report on AI Governance Guidelines: ‘Regulation should aim to minimise the risk of harm’

AI-powered applications like fashion avatars, smart shopping carts, and virtual influencers are enhancing customer engagement. 47% of retailers state that AI has led to new product and service developments

A whole-of-government approach is recommended in the committee’s report. MeitY has released the report for public consultation, open till January 27.

X Corp unveils ‘X Money’ at CES 2025: A game changer for payments and creators

Linda Yaccarino's announcement comes on the heels of a significant behind-the-scenes push to acquire money transmitter licenses across multiple states, ensuring the necessary infrastructure for facilitating financial transactions.

At CES 2025, X CEO, Linda Yaccarino, reveals plans for ‘X Money,’ a transformative payment system designed to revolutionize transactions and elevate creator opportunities on the platform.