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Global Entrepreneurship Summit India 2017

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Global Entrepreneurship Summit India 2017,Startup Stories,Business Update News 2017,Inspirational Stories 2017,74 entrepreneurs from Telangana,Women Entrepreneurs 2017,GES 2017,Prime Minister Narendra Modi About GES,Ivanka Trump visit to Hyderabad,GES 2017 Hyderabad,Ivanka Trump About Global Entrepreneurship Summit 2017


The eighth edition of the Global Entrepreneurship Summit 2017 is all set to take place on 28 November 2017 in Hyderabad. This three day summit will also see Ivanka Trump leading the United States delegation.

Hosted by the United States of America along with the Republic of India, the summit has been flooded with applications. Around 44,000 Indian entrepreneurs applied to participate in the summit that currently has only 400 available slots. 800 slots have been allotted for entrepreneurs from USA and around the world. Close to 74 entrepreneurs from Telangana have been selected for the summit.

Highlighting the theme Women First, Prosperity for All, this year’s summit will focus on supporting women entrepreneurs and fostering economic growth globally. First conceived by former US President Barack Obama, GES aims at creating an environment that empowers innovators, particularly women, to take their ideas to the next level.

The summit will also hold sessions, master classes and workshops by global experts along with networking events and keynote speeches from prominent entrepreneurs. According to the official website, GES 2017 will present a unique opportunity to connect and establish meaningful partnerships amongst entrepreneurs, investors and ecosystem supporters. In an attempt to inspire the culture of entrepreneurship, the summit also launched the ‘Road to GES’ initiative which aims to build and engage entrepreneurs through events from September to November and beyond.

Prime Minister Narendra Modi in a meeting in the Philippines said the GES would help in “showcasing innovation and collaboration between India and the United States.” With a bilateral trade of about $ 115 billion, India is already a major market for the United States. The summit aims at strengthening this relationship while encouraging innovation and collaboration, with a special focus on emerging nations from Africa and Asia.

With just ten days to go for the Summit, police officials in Hyderabad are on high alert. Special security measures and arrangements have been made in anticipation of Ivanka Trump’s visit to the city. According to media reports, Federal Bureau of Investigation and Special Protection Group high officials also visited Hyderabad to observe the security arrangements.

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Elon Musk’s Tesla Makes Inroads Into India By Registering Company In Bengaluru

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Elon Musk’s Tesla Makes Inroads Into India By Registering Company In Bengaluru,Startup Stories,Tesla in Saki Naka traffic? Netizens in tizzy after Elon Musk's company makes way into India,Tesla Has Arrived In India And Bengaluru Is Its Way In BSY Welcomes Elon Musk,Elon Musk confirms Telsa's plant establishment in Bengaluru,All about Tesla's entry in India,Elon Musk’s Tesla makes quiet entry into India registers company in heart of Bengaluru,Tesla Make India entry Registrar A Company in Bengaluru

Commonly known as the Nikola Tesla of our generation, Elon Musk is a technology entrepreneur, engineer and investor.  The self made billionaire managed to convert his scientific imaginations into reality and tried his hands at various fields, spread across technology, science and exploration.   Automaker Tesla has been in the news for the last few months for breaking records and creating new milestones.  In the first week of January 2021, Tesla surpassed Facebook, in terms of market cap and is currently the fifth most valuable company in the United States of America.  

There have been calls of bringing Tesla to the Indian market since a couple of years ago and now the dream finally turned into reality.  In what can be termed as a momentous occasion, Tesla makes inroads into the Indian market as Elon Musk registers a new company in Bengaluru, India.  On January 8, Tesla Motors India and Energy Private Limited was established with its registered office in Bengaluru, also known as the IT capital and the Silicon Valley of India. 

ALSO READ: 5 Companies Founded By Elon Musk That Are Not Tesla

Reportedly, Tesla would launch their Model 3 first in the Indian market for an estimated price of INR 60 lakhs.  Nitin Gadkari, the Union Minister for Road Transport and Highways confirmed in December, Tesla is coming to India in early 2021 and will first start off with sales, and then look at assembly and manufacturing based on the response it receives.  According to Republic TV, other than Karnataka, Tesla is in talks with the governments of Maharashtra, Gujarat, Andhra Pradesh and Tamil Nadu to establish offices.

 

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Users Flock To Signal Messaging App After Whatsapp’s Latest Privacy Policy Update

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Users Flock To Signal Messaging App After Whatsapp’s Latest Privacy Policy Update

If you own a smartphone, there is a very high chance that you are a WhatsApp user.  The simple and lightweight online messaging application has embedded itself into our lives and has become indispensable.  Family groups, friend groups, office groups, play groups and many other groups like these see millions of conversations happening on a daily basis.  Millions of people across the world use Whatsapp for multiple purposes.  Beginning from a simple user to user online text messaging app, over the years Whatsapp has grown exponentially by adding a lot of features like payments, location sharing, pictures and video sharing, document sharing, group chats and calls.

Whatsapp users received a message upon opening the app on their phone which conveyed information regarding a privacy policy update.  The notification carried information regarding how Whatsapp processes user data and how Whatsapp partners with Facebook to offer integration across Facebook company products.  Failure to accept the policy meant a user could not use Whatsapp anymore after February 8th, 2021.  This led to a huge outcry on social media about how Whatsapp is abusing user data and user privacy.  Facebook and Whatsapp have always been in the spotlight time and again around discussions regarding user data privacy.  But the latest policy update from Whatsapp looked like the last straw.

Millions across the world were looking for alternate platforms to migrate to from Whatsapp where they felt their data would be protected.  Telegram and another recent app named Signal, suddenly saw an influx of new users following the recent Whatsapp privacy policy update.

Signal in particular saw a huge spurt in registrations following Tesla founder Elon Musk’s tweet which said Signal in response to a user asking Musk what is a good alternative to Whatsapp. 

On January 12th, 2021, nearly 800,000 users installed Signal globally.  Signal could not handle the influx and their SMS verification failed to function properly.  Signal has since then added more servers to cope with the surge in app downloads.  Signal said the only information it collects is the phone number and they do not assign a name to the number.  Whatsapp on the other hand collects a slew of data as shown in the picture below.

Whatsapp released a statement which said it is committed to protecting user data privacy and that their end to end encryption still works.  Their response says “Our privacy policy update does not affect the privacy of your messages with friends or family (sic.)”

ALSO READ: How Does WhatsApp Generate Revenue

Whatsapp data is instead used to improve Facebook user experience.  Facebook is benefiting from Whatsapp by generating a huge wealth of consumer behavior data which inturn is being used to improve the ads on Facebook.   

In this day and age when the internet is making its way to every nook and corner of the world, companies are increasingly developing an internet ecosystem in order to make lives easier.  These ecosystems learn from gathering continuous data.  While it is hard to pinpoint how much data should be collected and kept private and how much could be used to improve quality of lives, the choice ultimately lies with the individual.

Let us know if you are going to continue using Whatsapp or will move to SIgnal in the comments below.

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Google Employees Form A Labour Union Amid Growing Disgruntlement

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In what can be termed as a rarity in the silicon valley, a group of Google employees formed a labour union.  More than two hundred employees of Google’s parent company Alphabet and Google, have come together to form a union.  Although the number of people in the union is far below the threshold for the numbers needed to get formal recognition as a union, the move  has definitely shocked many.

This union will be affiliated to Communication Workers of America and says it will be a structure that ensures Google workers can actively push for real changes at the company.  The union members say they want more of a voice not just on wages, grievances, benefits and protection against discrimination and harassment but also on the ethics of Google’s practices.  

Google software engineer Chewy Shaw, who has been elected to the new union’s executive council, believes the union needed to be formed because of employees being asked to leave due to workplace activism.  

The communications director of the union, Beth Allen said “One of the reasons why it’s taken a while for workers to get to this point is because the leaders of these companies did a good job of convincing workers they were these benevolent folks who were going to provide for them, kind of a paternalistic model (sic.)”

ALSO READ: Google’s Hum To Search Feature Is Here To Make Searching For Songs Easier

The National Labor Relations Board typically recognizes petitions to form new unions when they get interest from at least 30% of employees in a given location or job classification in the United States.   Alphabet has a global workforce of 1,20,000.  While the number of members in the union might look like a tiny fraction, various other silicon valley giants will be watching this story develop with keen eyes.

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