The Sunday Brew #27
In this brew - ONDC of India, new Twitter CEO, Microsoft - Helion deal and announcements from Google I/O
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TOP STORY
ONDC is re-imagining eCommerce in India
The Open Network for Digital Commerce (ONDC) is an initiative launched by the Government of India in 2021 to create a shared digital infrastructure for the e-commerce ecosystem in the country, with the aim to reduce the dependency of small and medium-sized businesses on existing e-commerce platforms by providing a unified platform that enables them to set up their own online stores and engage with customers directly.
This week, internet was abuzz with the price comparison between ONDC and leading food delivery apps - Zomato & Swiggy - triggering a lot of discussion around the sustainability of low price being offered on ONDC. Speaking to reporters on May 11, Chief Executive Officer Thampy Koshy emphasized that the initiative is not intended to trigger a price war, but rather to enable small enterprises to reach a threshold in digital commerce.
The ONDC is being hailed as a transformative initiative that could have a similar impact on the digital commerce space as the Unified Payments Interface (UPI) had on the payments sector. Read More »»»
Learn more about ONDC here.
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WEEK’S PICK
Linda Yaccarino joins Twitter as the new CEO
On May 13th 2023, Musk announced that Linda Yaccarino would be the new CEO of Twitter. Yaccarino was previously the Chairman of Global Advertising and Partnerships at NBCUniversal. In his tweet, Musk stated that Yaccarino would primarily focus on business operations while he focused on product design and new technology.
This move by Musk is aimed at allowing him to focus on the company's long-term vision and product development, while Yaccarino, with her extensive business experience, will oversee the company's daily operations and ensure that it continues to grow and succeed. Read More »»»
Microsoft signs to be the first client of Helion Energy
On May 10th, 2023 Sam Altman announced that Helion Energy signed Microsoft as its first customer in the first ever commercial deal for fusion energy. Helion aims to provide at least 50 MW of power for Microsoft by 2028. This represents a significant milestone in the development of fusion energy, which has the potential to offer a clean, abundant, and sustainable source of energy for the future.
"We still have a lot of work to do, but we are confident in our ability to deliver the world's first fusion power facility," Helion CEO David Kirtley said in a statement. Read More »»»
Grand announcements from Google I/O
On May 10th 2023, during its I/O keynote, Google unveiled significant updates to its Pixel lineup and showcased the latest advancements in artificial intelligence (AI). It launched three new products - the Pixel Fold, the Pixel Tablet, and the budget-friendly Pixel 7A.
The key AI announcements were - the integration of AI in Google Search offering Search Generative Experience(SGE), Bard becoming available for everyone and AI powered customization options for Android.
The complete sessions of Google I/O with other resources are available on their official event site. Read More »»»
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