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EV startup Vidyut on Tuesday said it has raised $10 million in its Series A fundraise (a mix of equity and debt funding) led by 3one4 Capital, and will deploy new funds to scale its new offerings that include EV insurance, lifecycle management and EV resale. The round also witnessed participation from new and existing investors namely, Saison Capital, <keyword id="20657706" type="General" weightage="20" keywordseo="zephyr-peacock" source="keywords">Zephyr Peacock</keyword>, Force Ventures, a venture debt fund Alteria Capital and CEO of Udaan, <keyword id="20483955" type="General" weightage="20" keywordseo="sujeet-kumar" source="keywords">Sujeet Kumar</keyword>. Founded in 2021, the startup said it aims to expand its presence to 40 cities and will double its team size by the end of FY25 as it prepares to build a full stack EV ecosystem. "Our focus is not just on financing but on elevating the entire EV ownership journey for India's SMBs, who are the backbone of our economy," said <keyword id="20657704" type="General" weightage="20" keywordseo="gaurav-srivastava" source="keywords">Gaurav Srivastava</keyword>, co-founder of Vidyut. The company already offers ownership solutions for Mahindra, Piaggio, Altigreen, Murugappa Group's Montra Electric, Euler Motors and OSM vehicles. "Vidyut's model removes EV adoption barriers, especially in the large but price sensitive driver cum owner segment. At 3one4 Capital, we are excited to back the Vidyut team in their mission to simplify EV ownership," said <keyword id="20657703" type="General" weightage="20" keywordseo="sonal-saldanha" source="keywords">Sonal Saldanha</keyword>, Vice President, Investments, 3one4 Capital. "After hitting an inflection point, customised financing and lifecycle management solutions will play a central role in large scale EV adoption, requiring lenders to evaluate asset risk alongside borrower risk," added <keyword id="20657705" type="General" weightage="20" keywordseo="dhairen-tohliani" source="keywords">Dhairen Tohliani</keyword>, Vice President, Alteria capital. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8-pro-review/articleshow/107726935.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8-pro-review/articleshow/107726935.cms" target="_blank">Pixel 8 Pro review: ‘Okay Google’ – The flagship smartphone ticks almost all boxes</a><a href="https://www.businessinsider.in/tech/news/dell-xps-17-9730-review/articleshow/107330203.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/dell-xps-17-9730-review/articleshow/107330203.cms" target="_blank">Dell XPS 17 9730 review – Feature-packed laptop but at a premium</a><a href="https://www.businessinsider.in/tech/news/viewsonic-vx3219-2k-pro-review/articleshow/106729348.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/viewsonic-vx3219-2k-pro-review/articleshow/106729348.cms" target="_blank">ViewSonic VX3219 2K PRO gaming monitor – Reliable at an affordable price</a>

EV startup Vidyut raises $10 mn to build full-stack ecosystem

As the world goes gaga over <keyword id="7795449" type="General" weightage="20" keywordseo="AI-chatbots" source="Orion">AI chatbots</keyword>, Union Minister of <keyword id="9950217" type="General" weightage="50" keywordseo="state-for-electronics" source="Orion">State for Electronics</keyword> and IT <keyword id="205969" type="General" weightage="100" keywordseo="Rajeev-Chandrasekhar" source="Orion">Rajeev Chandrasekhar</keyword> has a clear vision: To make India a global powerhouse of AI which does not just stop on integrating foreign chatbots but building next-generation of AI-based innovations to <keyword id="13880162" type="DOMAIN" weightage="20" keywordseo="empower" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="empower" meta.entityname="Empower India Ltd." meta.entityid="3850" meta.seoname="empower-india-ltd">empower</keyword> billions of citizens. <keyword id="79017" type="General" weightage="90" keywordseo="chandrasekhar" source="Orion">Chandrasekhar</keyword> told IANS that artificial intelligence (AI) is a "kinetic enabler" of the digital economy and the government will infuse more of this disruptive technology into its '<keyword id="3264646" type="General" weightage="80" keywordseo="india-stack" source="Orion">India Stack</keyword>'. "AI will certainly transform the digital economy and grow the business economy in the country. We are launching a very comprehensive programme called the INDIAai Programme and you will see more AI use cases via the India stack -- Aadhaar, Unified Payments Interface (<keyword id="6358921" type="General" weightage="50" keywordseo="upi" source="Orion">UPI</keyword>), DigiLocker, CoWIN and more," Chandrasekhar emphasised. "AI, as I have said, is a 'kinetic enabler' of the digital economy and we want to be the global leader in AI," the Minister told IANS. This week, Chandrasekhar met Microsoft co-founder Bill Gates, and had a "good, interesting conversation about India Stack and Artificial Intelligence (AI)". The government, in the Union Budget for FY24, announced to open three centres of excellence for artificial intelligence (AI) at the top educational institutions, for realising the vision of "Make AI in India" and "Make AI Work for India". According to Chandrasekhar, the government is expanding the INDIAai initiative in partnership with homegrown tech companies, startups and academic institutions under a comprehensive AI programme. The Bhashini team at the IT Ministry aims to build a National Public Digital Platform for languages to develop services and products for citizens by leveraging the power of AI and other emerging technologies. It is creating a unifying architecture, underpinned by principles of open data and open source software, to enable contributions from the research initiatives and the ecosystem. Bhashini, the natural language AI platform, "will enable automated language translation", according to Chandrasekhar who had a three decades' long career in the technology domain before making his foray into politics. According to him, India Stack will become more nuanced, intelligent and sophisticated in its next avatar, as more and more enterprises and countries across the world innovate and integrate, execute, and implement digital transformation. "Our mission as a nation is to offer India Stack or the part of the stack to those enterprises and countries across the world who want to innovate and further integrate, execute, and implement digital transformation," said the Minister. India currently ranks first in terms of AI skill penetration and AI talent concentration and fifth in AI scientific publications, a Nasscom report said last month. India's 'AI Skills Penetration Factor' has been reported to be 3.09 -- the highest among all G20 and OECD countries. More than 1,900 AI-focused startups are providing innovative solutions in the country, primarily in the areas of conversational AI, NLP, video analytics, disease detection, fraud prevention and deep fakes detection. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/us-received-enough-visa-applications-to-meet-h-2b-cap-for-h2-fy23/articleshow/98383408.cms">US received enough visa applications to meet H-2B cap for H2 FY23</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sports/news/ronaldinhos-son-joao-mendes-follows-fathers-footsteps-joins-barcelona-academy/articleshow/98383353.cms">Ronaldinho's son Joao Mendes follows father's footsteps, joins Barcelona academy</a>

We're building next-gen AI to become a global powerhouse: Rajeev Chandrasekhar

<ul class="summary-list"><li>North Korea unveiled a new "tactical nuclear attack submarine" in a ceremony in September.</li><li>It comes five years after South Korea launched its own diesel-electric ballistic-missile submarine.</li></ul>On September 6, North Korea <a href="https://beyondparallel.csis.org/north-korea-launches-new-ballistic-missile-submarine/" target="_blank" rel="noopener">launched</a> its <a href="https://www.38north.org/2023/09/the-sleeper-has-awakened-six-key-takeaways-from-the-roll-out-of-north-koreas-tactical-nuclear-attack-submarine/" target="_blank" rel="noopener">newest naval vessel</a> — a "tactical nuclear attack submarine" powered by diesel-electric engines and capable of launching nuclear-armed missiles while submerged.After a <a href="https://kcnawatch.org/newstream/1694192751-794229801/respected-comrade-kim-jong-un-makes-congratulatory-speech-at-ceremony-for-launching-newly-built-submarine/" target="_blank" rel="noopener">lengthy speech</a> at the ceremony in a shipyard on the country's east coast, North Korean dictator Kim Jong Un presided over the official launch of what North Korean state media <a href="https://kcnawatch.org/newstream/1694181036-940196985/great-event-heralding-arrival-of-new-era-turning-point-in-bolstering-up-juche-based-naval-force-ceremony-of-launching-newly-built-submarine-held-with-splendor-in-presence-of-respected-comrade-kim-jon/" target="_blank" rel="noopener">called</a> "an invincible treasured sword capable of defeating any formidable enemy."It comes five years after South Korea launched its own diesel-electric ballistic-missile sub, a class of vessel designated SSB, and it marks an important moment in the <a href="https://www.businessinsider.com/how-north-koreas-and-south-koreas-navies-compare-2021-7" target="_top">naval balance</a> on the peninsula.<h2>North Korea's No. 841 Hero Kim Kun Ok</h2><div type="image" title="North Korea submarine" height="1333" width="2000" msid="105795351" hostid="261" sizebytes="339204"></div>North Korea's new sub, called Submarine No. 841 and named "Hero Kim Kun Ok" after a Korean War-era naval officer, is actually North Korea's second SSB. The first was launched in 2014 but only has one vertical-launch tube and is regarded as <a href="http://www.hisutton.com/Analysis%20-%20Sinpo%20Class%20Ballistic%20Missile%20Sub.html" target="_blank" rel="noopener">a testing platform</a>.Little is known about the new sub. Construction is believed to have begun in 2016. In 2019, almost three years after North Korea's <a href="https://thediplomat.com/2016/08/north-korea-tests-submarine-launched-ballistic-missile-as-us-south-korea-exercises-begin/" target="_blank" rel="noopener">first fully successful</a> submarine-launched ballistic-missile test, Pyongyang <a href="https://www.thedrive.com/the-war-zone/29122/north-koreas-new-ballistic-missile-submarine-is-a-refurbished-antique" target="_blank" rel="noopener">released photos</a> of Kim inspecting what state media called "a newly built submarine."Though parts of the sub were blurred or out of shot, it was clear from the photos that it was a <a href="https://www.globalsecurity.org/military/world/china/romeo.htm" target="_blank" rel="noopener">Romeo-class</a> attack sub, a diesel-electric sub designed by the Soviets in the 1950s and adopted by North Korea in the 1970s. At the time, it was suggested that North Korea was attempting to <a href="http://www.hisutton.com/ROMEO-Mod_Submarine.html" target="_blank" rel="noopener">expand the sail</a> to enable the sub to carry at least three sub-launched ballistic missiles.There were few updates about the program until 2021, when it was <a href="https://www.koreatimes.co.kr/www/nation/2021/04/103_306962.html" target="_blank" rel="noopener">reported</a> that the US and South Korea believed construction had finished. When the sub was rolled out in September, it was clear it had been <a href="http://www.hisutton.com/North-Korea-Submarines-Compared.html" target="_blank" rel="noopener">extensively modified</a> since 2019.<div type="image" title="North Korea submarine TV news broadcast" height="1136" width="1514" msid="105795353" hostid="261" sizebytes="106208"></div>The sub is estimated to be 282 feet long, 21 feet wide, and have a submerged displacement of 1,830 tons. It has a new missile compartment in the sail with two rows of five vertical-launch cells. While the sub had been lengthened by an estimated 32 feet, its bow had been shortened, rounded, and slightly widened, and bow diving planes had been moved to the sail.The makeup of the Kim Kun Ok's arsenal is not clear. North Korea has so far built and tested three sub-launched ballistic missiles: the <a href="https://missilethreat.csis.org/missile/kn-11/" target="_blank" rel="noopener">Pukguksong-1</a>, <a href="https://missilethreat.csis.org/missile/pukguksong-3/" target="_blank" rel="noopener">Pukguksong-3</a>, and an unnamed model strongly resembling the <a href="https://missilethreat.csis.org/missile/kn-23/" target="_blank" rel="noopener">KN-23 short-range ballistic missile</a> that was unveiled <a href="https://www.38north.org/2021/10/north-koreas-new-type-submarine-launched-ballistic-missile-more-political-than-military-significance/" target="_blank" rel="noopener">in 2021</a>. Three more models have been <a href="https://opennuclear.org/publication/emerging-capabilities-unflown-slbms-dprk" target="_blank" rel="noopener">shown off</a> at parades but not tested.Only four of the new sub's 10 launch cells appear large enough for ballistic missiles, the most likely candidate being a naval version of the KN-23. The other six cells are likely intended to house submarine-launched cruise missiles, specifically a version of the <a href="https://www.iiss.org/en/online-analysis/military-balance/2023/04/pyongyangs-sea-cruise/" target="_blank" rel="noopener">Hwasal-1</a>, two of which were <a href="https://www.reuters.com/world/asia-pacific/nkorea-fires-missiles-submarine-underwater-target-2023-03-12/" target="_blank" rel="noopener">reportedly launched</a> from North Korea's first SSB in a test in March.Kim labeling the SSB a "tactical nuclear attack submarine" is significant, as it implies that the sub is intended for "tactical" strikes on military targets in its neighborhood rather than for strikes on more distant "strategic" targets, including those in the US.<h2>South Korea's Dosan Ahn Changho class</h2><div type="image" title="South Korean submarine Dosan Ahn Changho" height="767" width="1364" msid="105795354" hostid="261" sizebytes="87012"></div>The <a href="https://www.usni.org/magazines/proceedings/2023/june/south-koreas-sophisticated-kss-iii-submarines" target="_blank" rel="noopener">Dosan Ahn Changho-class</a>, officially called the KSS-III, is South Korea's approach to the SSB.Domestically built and with a displacement of well over 3,000 tons, it is South Korea's largest class of submarine. It borrows from the designs of South Korea's previous two submarine models, the <a href="https://www.seaforces.org/marint/Republic-Korea-Navy/Submarine/Jang-Bogo-class.htm" target="_blank" rel="noopener">Jang Bogo</a> and <a href="https://www.seaforces.org/marint/Republic-Korea-Navy/Submarine/Son-Won-il-class.htm" target="_blank" rel="noopener">Son Won-Il</a> classes, which are versions of Germany's Type 209 and Type 214 diesel-electric attack subs.The first boat of the class, ROKS Dosan Ahn Changho, was launched in 2018. It is 273 feet long, 31 feet wide, and has a crew of 50. It is a sophisticated design, featuring <a href="https://www.businessinsider.com/new-us-british-navy-submarines-have-new-kind-of-periscope-2021-6" target="_top">optronic masts</a>, an <a href="https://www.usni.org/magazines/proceedings/2021/march/promise-better-submarine-air-independent-propulsion" target="_blank" rel="noopener">air-independent-propulsion</a> system, and bow, flank, and towed array sonars. It also has <a href="https://www.businessinsider.com/british-us-navies-working-together-to-build-new-dreadnought-submarine-2023-8" target="_top">anechoic tiles</a>, a rare feature for non-nuclear-powered subs.ROKS Dosan Ahn Changho has six torpedo tubes at the bow and six vertical-launch cells aft of the sail. The cells can house either six <a href="https://www.navalnews.com/naval-news/2021/09/south-korea-successfully-completed-k-slbm-test-launch-from-kss-iii-submarine/" target="_blank" rel="noopener">Hyunmoo-4-4</a> ballistic missiles or six <a href="https://missilethreat.csis.org/missile/hyunmoo-3-abc/" target="_blank" rel="noopener">Hyunmoo-3</a> cruise missiles.Two Dosan Ahn Changho-class SSBs have been commissioned: ROKS Dosan Ahn Changho in 2021 and ROKS Ahn Mu in April this year. A third, <a href="https://www.navalnews.com/naval-news/2021/09/south-koreas-hhi-launches-3rd-kss-iii-submarine-for-the-rok-navy/" target="_blank" rel="noopener">ROKS Shin Chae-ho</a> is slated for delivery next year.South Korea plans to build nine Dosan Ahn Changho-class SSBs in three batches of three boats. Batch II and III boats will be larger and equipped with 10 vertical-launch tubes and with <a href="https://www.businessinsider.com/trump-and-china-japan-launches-sub-with-lithium-ion-battery-2018-10" target="_top">longer-lasting lithium-ion batteries</a>. The keel of the first Batch II boat <a href="https://www.navalnews.com/naval-news/2023/03/south-koreas-dsme-lays-keel-of-first-kss-iii-batch-ii-submarine/" target="_blank" rel="noopener">was laid</a> in March and all nine are planned to be operational by the early 2030s.Seoul is considering <a href="https://www.navalnews.com/naval-news/2023/09/south-korea-to-develop-new-vls-and-slbm-for-its-submarines/" target="_blank" rel="noopener">other upgrades</a> to future Dosan Ahn Changho-class vessels, including a new <a href="https://www.navalnews.com/naval-news/2023/09/south-korea-to-develop-new-vls-and-slbm-for-its-submarines/" target="_blank" rel="noopener">vertical-launch system</a> and possibly building <a href="https://www.navalnews.com/naval-news/2023/11/south-korean-admiral-claims-that-nuclear-powered-submarines-are-necessary/" target="_blank" rel="noopener">a nuclear-powered variant</a>. It's also looking into exporting them, proposing sales to <a href="https://www.navalnews.com/event-news/madex-2021/2021/06/madex-2021-dsme-sheds-light-on-submarine-offer-to-india-for-p-75i/" target="_blank" rel="noopener">India</a>, <a href="https://www.navalnews.com/naval-news/2023/09/south-korea-pitches-kss-iii-submarine-to-poland/" target="_blank" rel="noopener">Poland</a>, and <a href="https://www.koreatimes.co.kr/www/nation/2023/11/113_351075.html" target="_blank" rel="noopener">Canada</a>.<h2>Korean SSBs</h2><div type="image" title="North Korea Kim Jong Un submarine" height="1325" width="2000" msid="105795355" hostid="261" sizebytes="84196"></div>The logic behind North and South Korea's pursuit of sub-launched ballistic missiles and subs to launch them is straightforward and strategically sound — both want a second-strike or even a secure pre-emptive strike capability that is less vulnerable to attacks from the other's artillery, aircraft, and missiles.The actual capabilities of the Hero Kim Kun Ok are unknown. As a 1950s-era design, it is already at a disadvantage against modern anti-submarine weapons, and it's unlikely that a Romeo-class sub can be so extensively modified and still operate effectively.The North Koreans "took a submarine that wasn't designed for the purpose they are now using this for, and they added a whole bunch of things onto it," Bruce Bennet, an expert on Korean security issues at the RAND Corporation think tank, told Business Insider.When the sub was launched, Bennet added, "it looked awfully awkward and looked like there could be some stability or other problems."<div type="image" title="North Korea submarine" height="1325" width="2000" msid="105795356" hostid="261" sizebytes="231438"></div>The Hero Kim Kun Ok is likely too slow, too loud, and too old to operate reliably in the same way as the Dosan Ahn Changho-class."By no means will this submarine be highly maneuverable and exhibit high endurance for operations at sea," said <a href="https://carnegieendowment.org/experts/1860" target="_blank" rel="noopener">Ankit Panda</a>, an expert on nuclear weapons and missile defense at the Carnegie Endowment for International Peace. "I think the North Koreans will be sparing in how much they expose this vessel to outside of port."The sub is more likely to operate in or close to North Korean waters and in a manner similar to the country's ground-based and mobile <a href="https://www.nknews.org/2022/04/north-korea-may-have-more-mobile-launchers-for-its-icbms-than-previously-known/" target="_blank" rel="noopener">transporter erector launchers</a>, or TELs."Basically, think of this submarine as a submerged missile TEL of sorts: It is not meant to be survivable against sophisticated" anti-submarine warfare, Panda said, "but it is meant to add to the overall strike power of North Korean tactical nuclear forces."<div type="image" title="icbm intercontinental ballistic missile north korea hwasong 14 RTX39YI2" height="1333" width="2000" msid="105795357" hostid="261" sizebytes="180038"></div>At the launch ceremony, Kim said all of North Korea's remaining Romeo-class attack subs will be converted into SSBs and that Pyongyang will "continue to push ahead with the nuclear weaponization of our Navy," including by building a nuclear-powered submarine.Bennet said there is limited ability to realize those ambitions, either with a fleet-wide conversion or a new purpose-built sub."I think Kim is grasping at straws. He doesn't have a lot of money for doing big developments," Bennet said. "He's undoubtedly trying to keep his navy people loyal and feeling like they're relevant."Despite those challenges, North Korea's production of another nuclear launch platform, as well as its apparent progress on <a href="https://www.nytimes.com/interactive/2023/06/02/world/asia/north-korea-nuclear.html" target="_blank" rel="noopener">miniaturizing warheads</a> to fit on cruise and ballistic missiles, does increase the threat that Pyongyang can pose to its neighbors.Consequently, South Korea cannot afford to take any chances. "Prudent planning has to consider seriously the possibility of nuclear armaments on these vessels," Panda told Business Insider.

North and South Korea are taking their missile race underwater. Here's how their new missile-launching submarines stack up

<ul class="summary-list"><li>China's and India's navies have both received new aircraft carriers in recent weeks.</li><li>The Chinese carrier Fujian and the Indian flattop Vikrant are both domestically designed and built.</li></ul>On June 17, China officially launched its <a href="https://www.businessinsider.com/chinese-navy-growth-and-search-for-overseas-bases-worries-us-2022-6" target="_blank" rel="noopener">newest and most advanced aircraft carrier</a>, Fujian.Fujian is China's third aircraft carrier and the first to be totally designed and built domestically. It symbolizes <a href="https://www.businessinsider.com/new-pentagon-maps-show-chinas-increasing-military-power-and-reach-2020-9" target="_blank" rel="noopener">the Chinese military's rapid expansion</a> and is seen as a potential rival to <a href="https://www.businessinsider.com/history-of-us-navy-aircraft-carriers-supercarriers-to-ford-class-2020-10" target="_blank" rel="noopener">the US Navy's nuclear-powered supercarriers</a>.But China isn't the only Asian country getting a new carrier this year. In the final days of July, India's navy <a href="https://pib.gov.in/PressReleasePage.aspx?PRID=1845871" target="_blank" rel="noopener">took delivery</a> of its new carrier, Vikrant.Vikrant is also domestically designed and built, and its arrival is a major milestone for India, which is Asia's second largest military power and shares a <a href="https://www.businessinsider.com/amid-border-dispute-tensions-how-china-and-india-militaries-compare-2020-6" target="_blank" rel="noopener">long and contentious border</a> with China.In addition to their many improvements over their predecessors, both carriers are important firsts for their countries. It will be years before either is fully operational, but here's how the two flattops stack up.<h2>Fujian</h2><div type="image" title="China aircraft carrier Fujian" height="1338" width="2000" msid="93284323" hostid="261"></div>A Type 003-class carrier, Fujian is about 1,035 feet long and displaces about 80,000 tons fully loaded. This makes it slightly larger than its <a href="https://www.businessinsider.com/how-chinas-aircraft-carriers-compare-to-us-navy-flattops-2020-10" target="_blank" rel="noopener">predecessors</a>, the Type 001 Liaoning and Type 002 Shandong, which were about 1,000 feet long and displaced 60,000 to 70,000 tons.Liaoning is a Soviet-designed Kuznetsov-class carrier that <a href="https://www.businessinsider.com/how-chinese-navy-went-rogue-to-get-first-aircraft-carrier-2021-7" target="_blank" rel="noopener">China bought in 1998</a> and modified extensively before commissioning it into service in 2012. Shandong was based on Liaoning and entered service in 2019.All three of China's carriers use conventional engines <a href="https://www.businessinsider.com/how-chinas-aircraft-carriers-compare-to-us-navy-flattops-2020-10" target="_blank" rel="noopener">rather than nuclear reactors</a>, limiting the power they can generate and the time they can spend at sea.Among Fujian's upgrades is a command island that is <a href="https://twitter.com/louischeung_hk/status/1537402220303376388?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1537402220303376388%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.thedrive.com%2Fthe-war-zone%2Fchina-launches-the-fujian-its-most-capable-aircraft-carrier-yet" target="_blank" rel="noopener">slimmer and more refined</a> than those of its predecessors, freeing up space on the flight deck.The most striking change, however, is the replacement of the short takeoff but arrested recovery (STOBAR) system, and the ski-jump ramp it requires, used on both Liaoning and Shandong.Fujian has a completely flat deck and three catapults, reflecting China's effort to adopt the catapult-assisted takeoff but arrested recovery (CATOBAR) system used on US aircraft carriers.<div type="image" title="China aircraft carrier type 001a" height="844" width="1500" msid="93284324" hostid="261"></div>STOBAR allows jets to take off on shorter decks but limits how much fuel and weaponry they can carry when taking off. This is especially problematic for China, as the only fixed-wing carrier-based aircraft it has in service, the J-15, is already the <a href="https://www.businessinsider.com/how-chinas-j-15s-stack-up-against-us-fa-18s-2020-10" target="_blank" rel="noopener">heaviest carrier-based fighter in service</a>.A CATOBAR system can launch jets with bigger payloads and more fuel. It can also launch larger aircraft, like those suited for airborne early warning and control.Parts of Fujian's flight deck were covered during the launch ceremony, obscuring its catapults, but they are believed to use an electromagnetic aircraft launch system (EMALS) that can launch aircraft more efficiently and more frequently than steam-powered catapults.Until Fujian, the only carriers with EMALS were those of the US Navy's nuclear-powered <a href="https://www.businessinsider.com/navy-new-carrier-ford-ready-to-deploy-after-shock-trials-2022-3" target="_blank" rel="noopener">Ford-class</a>. Chinese sailors' unfamiliarity with the CATOBAR system and the <a href="https://www.businessinsider.com/top-admiral-navy-too-much-new-tech-aircraft-carrier-ford-2021-8" target="_blank" rel="noopener">challenges the US Navy has had with EMALS</a> suggest it will be some time before Fujian <a href="https://www.businessinsider.com/chinas-new-aircraft-carrier-fujian-still-needs-long-testing-period-2022-6" target="_blank" rel="noopener">reaches its full potential</a>.The exact size and makeup of the Fujian's air wing is still not known, but it is expected to be larger than the roughly 36 aircraft carried by both Liaoning and Shandong and to include J-15 fighters and Z-18 helicopters.In the future, Fujian's air wing may comprise <a href="https://www.thedrive.com/the-war-zone/our-best-look-yet-at-chinas-j-35-carrier-capable-stealth-fighter" target="_blank" rel="noopener">J-35 stealth fighters</a> (a naval version of the <a href="https://thediplomat.com/2021/02/the-fc-31-chinas-other-stealth-fighter/" target="_blank" rel="noopener">FC-31</a>), <a href="https://www.thedrive.com/the-war-zone/38680/this-is-our-best-look-yet-at-chinas-z-20f-seahawk-clone-toting-air-to-ground-missiles" target="_blank" rel="noopener">Z-20F</a> helicopters, and, thanks to EMALS, <a href="https://www.forbes.com/sites/hisutton/2020/09/13/chinas-new-carrier-plane-is-more-than-a-hawkeye-clone/?sh=4164fbd517a5" target="_blank" rel="noopener">KJ-600 airborne early-warning</a> aircraft and even <a href="https://www.forbes.com/sites/hisutton/2020/07/23/stealth-uavs-could-arm-chinas-type-076-assault-carrier/?sh=23b76c6e6f3d" target="_blank" rel="noopener">carrier-based drones</a>.<h2>Vikrant</h2><div type="image" title="India aircraft carrier Vikrant" height="1100" width="1466" msid="93284325" hostid="261"></div>Vikrant was officially launched in 2013 and is expected to be commissioned on August 15, but it won't be India's first or only carrier.India had former British carriers in service from 1961 to 1997 and from 1987 to 2016, and <a href="https://www.naval-technology.com/projects/ins-vikramaditya-aircraft-carrier/" target="_blank" rel="noopener">INS Vikramaditya</a>, a modified Kiev-class carrier purchased from Russia and commissioned in 2013, is the Indian navy's current flagship.At 860 feet long and with a full displacement of about 45,000 tons, Vikrant is the biggest warship India has ever constructed. It was designed and built by India's largest shipbuilder, Cochin Shipyard Limited, and 76% of its components were developed domestically, according to India's Defense Ministry.Vikrant is crewed by about 160 officers and 1,400 sailors and is powered by four gas turbines capable of generating 88 megawatts of power and of pushing it to a top speed of 28 knots. It can carry about 30 jets and helicopters, and like INS Vikramaditya, it uses a STOBAR system with a ski-jump ramp.<div type="image" title="India aircraft carrier Vikrant" height="742" width="990" msid="93284326" hostid="261"></div>Vikrant's initial air wing is expected to be made up of MiG-29Ks, the carrier version of <a href="https://www.businessinsider.com/combat-jets-russia-and-ukraine-are-using-in-ukraine-war-2022-7" target="_blank" rel="noopener">the Russian-made MiG-29</a>. The jet has served on INS Vikramaditya but its <a href="https://www.forbes.com/sites/pauliddon/2021/12/28/the-indian-navys-mig-29s-keep-crashing-will-new-delhi-seek-a-replacement-fighter/?sh=510ac55c1b8c" target="_blank" rel="noopener">poor track record</a> has led India to seek 26 new carrier-based fighters — the finalists are Boeing's F/A-18 Super Hornet and Dassault Aviation's Rafale-M.The F/A-18 has been the backbone of US Navy carrier aviation for decades, and Boeing has <a href="https://www.navalnews.com/naval-news/2022/07/f-a-18-super-hornet-completes-operational-demo-in-india/" target="_blank" rel="noopener">demonstrated</a> its ability to operate on STOBAR decks in India. The Rafale-M has operated on the French aircraft carrier <a href="https://www.businessinsider.com/why-frances-charles-de-gaulle-aircraft-carrier-is-no-joke-2022-7" target="_blank" rel="noopener">Charles de Gaulle</a>, which uses catapults, and has been demonstrated <a href="https://www.spsnavalforces.com/features/?id=195&amp;h=Rafale-maritime-fighter-displays-ski-jump-capability" target="_blank" rel="noopener">on an Indian STOBAR system</a>. (India's air force already operates the Rafale.)India's <a href="https://eurasiantimes.com/better-than-rafale-super-hornet-meet-indias-indigenous-tedbf-fighters/" target="_blank" rel="noopener">HAL twin-engine fighter</a> has also been proposed as an indigenous aircraft for Vikrant. The new carrier's air wing is likely to be rounded out by a mix of <a href="http://www.military-today.com/helicopters/kamov_ka31.htm" target="_blank" rel="noopener">KA-31</a>, <a href="https://www.navair.navy.mil/product/MH-60R-Seahawk" target="_blank" rel="noopener">MH-60R</a>, and <a href="http://www.military-today.com/helicopters/dhruv.htm" target="_blank" rel="noopener">HAL Dhruv</a> helicopters.INS Vikrant is expected to play a major part in boosting the Indian Navy's capabilities in the face of a <a href="https://www.businessinsider.com/after-himalayan-clash-india-prepares-navy-to-take-on-china-2021-6" target="_blank" rel="noopener">rising Chinese threat in the waters around India</a>.

Asia's 2 biggest militaries are both getting new aircraft carriers. Here's how China's and India's latest flattops stack up.

<ul><li>The Indian government has drafted a <keyword id="10714457" type="UNKNOWN" weightage="20" keywordseo="national-strategy-on-blockchain">National Strategy on Blockchain</keyword>.</li><li>This could be the next big step in the <keyword id="3264646" type="PERSON" weightage="20" keywordseo="India-stack">India Stack</keyword> – an ambitious technology project Indian government embarked upon over 10 years ago.</li><li>If the implementation of UPI was revolutionary, the scale of changes that the addition of <keyword id="6355684" type="PERSON" weightage="20" keywordseo="Blockchain">blockchain</keyword> infrastructure can facilitate will be way, way bigger.</li></ul>Over 10 years ago, the Indian government opened up its database for private players to build products upon it. The combination of Aadhaar ⁠— the world’s largest identity database ⁠— along with the government’s payments infrastructure, riding on the proliferation of mobile phones, allowed millions of Indians to leapfrog into the digital payments era. <div type="image" title="india stack1" msid="80718503" hostid="261"></div> The sheer scale of the ambition and its success in bringing financial inclusion got the Indian government laurels from some of the biggest icons of modern technology, including <keyword id="45830" type="PERSON" weightage="20" keywordseo="Bill-Gates">Bill Gates</keyword>, Satya Nadella and <keyword id="164502" type="PERSON" weightage="20" keywordseo="Sundar-Pichai">Sundar Pichai</keyword>. And now, India is set to add blockchain infrastructure to that India Stack and the benefits could be way, way bigger than what the unified payments interface (UPI) achieved. According to the draft National Strategy on Blockchain, a government-led blockchain infrastructure can become the hub for private developers to build applications. If the India Stack allowed developers to build payments products, access to blockchain infrastructure can revolutionise products and services across healthcare, cyber security, governance, media, logistics &amp; hospitality, education, legal, energy, smart cities and so on. <div type="image" title="Blockchain" msid="80718512" hostid="261"></div> “Blockchain being a single source of truth can be used for authentication and verification of all the transactions and data, produced by various government departments,” said the draft. The government is currently accepting public opinions on the draft until February 16 through the MyGov platform. Now, what can this technology be used for? The latest draft from The Ministry of Electronics and Information Technology has laid out some of its targets. <ul><li>Setting up a national framework for blockchain.</li><li>Architecture options for blockchain including private participation.</li><li>Applications of national interest for blockchain which includes e-voting, land records, pharmaceutical supply, power distribution, identity management among others.</li><li>Build centres of excellence of blockchain technology.</li></ul>The success of the India Stack is fuelling excitement around the ‘India ledger’ By opening up its database securely for private developers, India had done what no other country had. Sundar Pichai, the CEO of Alphabet, which owns the internet giant Google, in an <a href="https://economictimes.indiatimes.com/opinion/interviews/if-upi-payments-work-in-india-it-will-work-everywhere-sundar-pichai-ceo-google/articleshow/56341566.cms">interview</a> in 2017 had said that UPI and India Stack conversations get him excited. Pichai, who had then said we will see products being built out of India for a global stage, has since then gone on to commit $10 billion into the country’s technology ecosystem. <a href="https://economictimes.indiatimes.com/tech/technology/digital-india-and-india-stack-have-made-the-country-stand-out-satya-nadella/articleshow/79783076.cms?from=mdr">Talking about India Stack</a>, Microsoft founder Bill Gates had said that India is at the “cusp of leapfrogging” whereas his successor Nadella said ,”'Digital India' framework has made India 'stand out' from the rest of the world”. One of the architects of India Stack Nandan Nilekani, the co-founder of Infosys, had called it the “single most important innovation India needs”. Opening up a blockchain infrastructure for similar innovations may lead to bigger advancements in technology than UPI, which is hailed as India’s most successful digital project. “We can create our own massive blockchain ledger, say India Ledger, where all researchers and experts come together. The third is that we need to create our own journey with blockchain. Now, is the time to really work on these thoughts,” said Prasanna Lohar, head of digital innovations at DCB Bank and a blockchain expert who has been privy to the discussions around blockchain with the government. Along with the blockchain strategy, India is toying with the idea of banning private cryptocurrency and instead bringing out its own “digital rupee”. “Niti Aayog, India's think tank has been working on IndiaChain, India's own ambitious project to develop a nationwide blockchain network, which has revolutionized India’s position as one of the emerging technology players. A few months ago, a blockchain project named Vajra designed by the National Payments Corporation of India for various payment companies providing secured transactions on their online platforms or mobile applications, shows the government is taking proactive initiative to support blockchain,” said Neeraj Khandelwal, co-founder of cryptocurrency and bitcoin startup CoinDCX. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/india-becomes-the-first-asian-country-allow-small-investors-to-directly-lend-to-the-government/articleshow/80701417.cms">India becomes the first Asian country to allow small investors to directly lend to the government</a>

The India stack that Bill Gates and Sundar Pichai so love is set to get much bigger – thanks to the Indian government’s new blockchain strategy

<ul><li><keyword id="9894646" type="UNKNOWN" weightage="20" keywordseo="stack-overflow-for-teams">Stack Overflow for Teams</keyword> will now have an unlimited free version available to groups of up to 50 developers.</li><li>According to CEO Prashanth Chandrasekar, the aim is to allow companies to create a community internally.</li><li>That is the reason why free usage has not been timeboxed.</li></ul><keyword id="2812596" type="PERSON" weightage="20" keywordseo="Stack-Overflow">Stack Overflow</keyword> for Teams now has a free version. The knowledge and collaboration platform’s free tier will allow up to 50 people to sign on. Moreover, the company <a href="https://stackoverflow.blog/2021/03/17/stack-overflow-for-teams-is-now-free-forever-for-up-to-50-users/">promises</a> that it will remain free forever. Users don’t need to offer credit or debit card details in order to sign up for the free plan. Unlike the Stack Overflow question and answer website, Stack Overflow for Teams is a knowledge management software. Using the public platform is free, but Teams was thus far a paid product. Aside from the limitation on users, the free version of Stack Overflow for Teams has most of the features that are offered in the paid tiers as well. This includes integration with team collaboration apps like Slack and Microsoft Teams. The move shows how CEO Prashanth Chandrasekar is using the foundation that has already been built on the company’s public platform to power the next phase of product-led growth. “We realised through experience, that it was actually not enough time to allow companies to create a community internally and that’s basically what we’re trying to do,” Chandrasekar told <a href="https://techcrunch.com/2021/03/17/stack-overflow-adds-a-free-tier-to-its-fast-growing-teams-service/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS91cmw_cT1odHRwcyUzQSUyRiUyRnRlY2hjcnVuY2guY29tJTJGMjAyMSUyRjAzJTJGMTclMkZzdGFjay1vdmVyZmxvdy1hZGRzLWEtZnJlZS10aWVyLXRvLWl0cy1mYXN0LWdyb3dpbmctdGVhbXMtc2VydmljZSUyRiZzYT1EJnNvdXJjZT1lZGl0b3JzJnVzdD0xNjE2MTM1MjMxNDUxMDAwJnVzZz1BT3ZWYXcwNEhuV2tKd2FyTGMza3Q1WmZpTm4t&amp;guce_referrer_sig=AQAAAEv0uFnI7FTFurZbNg-Y0uWCcWmrHxb0ifxXCCQHBBFxbYWjNGMqPMJzaTUwrUG_T2IEiux6UZaibwZyW7eoj59aqA4CsBe0QIsKQseC0KW-Mp5nas15Ih-sihjiI0q2acrI-9Z5Z9h9CmfeMxsvluMJ-ayWLtWSq_rryzmyrp4f">TechCrunch</a> while explaining having a timeboxed free trial didn’t make sense for the company. Community, brand and product approach According to Chandrasekar, companies usually think about their product first and then their brand. Communities are the last run on the ladder, which most tend to ignore. But, for Stack Overflow, that was the starting point. “Communities will be absolutely essential for companies to really accelerate their development in the new digital world,” Chandrasekar said at the Business Insider <a href="https://www.businessinsider.in/tech/enterprise/news/stack-overflow-ceo-prashanth-chandrasekar-explains-how-stack-overflow-flipped-the-script-on-software-development/articleshow/78854564.cms">Global Trends Festival</a>, last year. He pegs that around 60% of software developers worldwide sample Stack Overflow — that’s around 26 million to 27 million developers. And, this strategy has worked just fine for the 12-year old American startup created by Jeff Atwood and Joel Spolsky. “All of this is fueled by the remote world environment,” Chandrasekar told Business Insider. The company started as a community — a messaging forum, really — then built itself into a brand and now has a product to offer — Teams. The explosion of work-from-home during the COVID-19 pandemic seems to have helped the startup. In fact, Stack Overflow’s <a href="https://www.businessinsider.in/business/startups/news/stack-overflow-is-using-its-85-million-to-boost-teams-and-it-wants-to-use-it-to-crack-the-india-market/articleshow/77972020.cms">$85 million from its Series E funding</a> was mostly aimed at developing Stack Overflow for Teams. Disclaimer: Both Stack Overflow and Business Insider are partners of Times Bridge SEE ALSO: <a href="https://www.businessinsider.in/policy/news/indias-supreme-court-looks-into-allegations-of-nearly-four-crore-ration-cards-being-cancelled-because-they-were-not-aadhaar-linked/articleshow/81570339.cms">A Dalit mother lost her ration card and then her child to starvation — her fight for justice has now become a national cause at the Supreme Court</a> <a href="https://www.businessinsider.in/international/news/japan-is-the-only-country-that-does-not-allow-same-sex-marriage-within-the-g7/articleshow/81563467.cms">Japan’s same-sex marriage ban ruled ‘unconstitutional’ as India’s LGBTQ community waits in hope</a> <a href="https://www.businessinsider.in/science/space/news/finnish-photographer-jp-metsavainio-took-over-a-decade-and-1000-hours-of-photography-to-create-this-picture-of-the-milky-way-and-20-million-stars/slidelist/81563516.cms">It took over a decade and 1,000 hours of photography to create this picture of the Milky Way</a>

Stack Overflow for Teams is offering an unlimited free plan to woo more developers onto its platform

New Delhi, Regulations in the fintech industry have enabled <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> to become a global benchmark in fintech and unified payments interface (<keyword id="19900911" type="General" weightage="20" keywordseo="upi" source="keywords">UPI</keyword>)-based services are one such example, <keyword id="20698885" type="General" weightage="20" keywordseo="harshil-mathur" source="keywords">Harshil Mathur</keyword>, CEO of full-stack financial services platform Razorpay, said on Monday. Speaking to IANS, <keyword id="19972715" type="General" weightage="20" keywordseo="mathur" source="keywords">Mathur</keyword> said that regulations have played a crucial role in driving innovation, financial inclusion and co-creating financial literacy. "We firmly believe that regulations in the fintech industry have enabled <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> to become a global benchmark in the sector," <keyword id="19972715" type="General" weightage="20" keywordseo="mathur" source="keywords">Mathur</keyword> emphasised. Transactions via the <keyword id="19900911" type="General" weightage="20" keywordseo="upi" source="keywords">UPI</keyword> platform surpassed the 100 billion-mark in 2023 to close at around 118 billion, representing 60 per cent growth as compared to 74 billion transactions recorded in 2022. The total value of UPI transactions in 2023 stood at around Rs 182 lakh crore, up by 44 per cent as compared to Rs 126 lakh crore in 2022, according to latest data by the National Payments Corporation of India (NPCI). Mathur said that the Digital India Stack is now a global benchmark for most countries, providing a competitive advantage for growing businesses. "As the financial ecosystem and digital payment transactions grow, compliance and governance have to go hand in hand. Regulators have efficiently balanced innovation with risk management while they allow people to innovate," Mathur stressed. Currently, the key regulatory bodies that regulate fintechs in India are the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority of India (IRDAI) and the Securities and Exchange Board of India (SEBI). The RBI last month released a 'draft framework for recognising Self-Regulatory Organisations (SRO) for FinTech Sector', laying down the characteristics of a fintech SRO, and includes the required functions and governance standards. According to the Central Bank, "self-regulation within the fintech sector is a preferred approach for achieving the desired balance". The Razorpay CEO said that given the growing prominence of the fintech industry, "it becomes a must for companies to possess the right regulatory insights and uphold high responsibility to ensure compliance, creating a layer of trust, protection and shield for the entire financial ecosystem". When it comes to data, the digital P2M (person-to-merchant) payments market in the country is likely to reach $4 trillion by 2030. Razorpay said it has achieved an annualised total payment volume (<keyword id="20304040" type="General" weightage="20" keywordseo="tpv" source="keywords">TPV</keyword>) of $150 billion across its business verticals. "Recognising the ever-expanding potential of startups, freelancers and enterprises, the company believes businesses today require an intelligent real-time financial infrastructure to scale with evolving payment and banking needs and diverse consumers and markets," Mathur added. India has the fourth-highest funded fintech startup ecosystem globally. The enterprise fintech industry in the country is poised to expand exponentially, with projections estimating a market size of nearly $20 billion by 2030. According to a latest report by Chiratae Ventures, in collaboration with The Digital Fifth, investment in technology across financial segments is expected to witness high growth over the coming decade.

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Asia's 2 biggest militaries are both getting new aircraft carriers. Here's how China's and India's latest flattops stack up.

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The India stack that Bill Gates and Sundar Pichai so love is set to get much bigger – thanks to the Indian government’s new blockchain strategy

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Stack Overflow for Teams is offering an unlimited free plan to woo more developers onto its platform

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Regulations enabled India to be global benchmark in fintech: Razorpay's Harshil Mathur

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