List of AI startups who raised funds in just 2024 focused on automating a particular white collar job

- Sarvam AI - $41M (Lightspeed and Peak XV) - Mad Street Den - $67M (Avatar, Peak XV) - Wysa - $25M - Neysa Networks - $20M (Matrix Partners) - Scribble Data - $2.3M (Blume Ventures) - Expertia AI - $1.3M (Chiratae Ventures) - OnFinance - $ 1.1M (Silverneedle Ventures) - Krutrom AI - $50M (Matrix Partners)

Incoming!. Every FAANG PM is thinking about and working on integrating Gen AI into their features. This includes PMs and engineers who oversee 1-2 features in the entire product. And will oversell their part in it. For promotions to job switches these guy have to shout ‘I used a lot of Gen AI to change the world’ And then to sell it on LinkedIn for getting likes. The PMs will sound like they were just as visionary as Sam Altman who made GPT in the first place. And the engineers will sound like they coded GPT and will invent AGI themselves while they just integrate 2 APIs. You’ve been warned.

VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete. Common sense says company's valuation should be summation of yearly profits it can generate till the company exists... So if reliance has profit of 8 billion $ , market estimates that it's valuation should be around 25x multiple of its profit that is to say that if reliance keeps on generating same amount of profit for year on year, it will not exist after 25 years. Now tell me, what shelf live does these VC funded startup have? I honestly don't see all these tom dick and Harry mobile based and web based startups existing by end of this decade thanks to AI revolution. People are still oblivion to what AI will do to white collar jobs Just out of curiosity, is there any single VC funded Indian startup in last 10-15 years which is immensely profitable ? Or for that matter any global giants like Amazon, Uber, Airbnb etc. which has turned profitable in Indian territory?

There are news that massive layoffs are coming in Paytm. HR and Business Heads have been given targets - average 30% reduction expected across all teams. #bravenewworld

Recently we saw Paytm making layoffs due to AI. Are there any other companies that did the same? People whose companies laid off people due to AI. What kind of automations made it possible? Is AI actually doing the work or is it just an excuse to lay off people?

this government wants to control everything: why are they so insecure ?