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.
Elon Musk’s Tesla Makes Inroads Into India By Registering 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.
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.
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.
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.
— Elon Musk (@elonmusk) January 7, 2021
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.
We want to address some rumors and be 100% clear we continue to protect your private messages with end-to-end encryption. pic.twitter.com/6qDnzQ98MP
— WhatsApp (@WhatsApp) January 12, 2021
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.
Google Employees Form A Labour Union Amid Growing Disgruntlement
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.)”
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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