10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
Artificial Intelligence

Elon Musk plans to expand access to Tesla’s full self-driving system in North America

Tesla CEO Elon Musk has announced plans to expand access to the company’s advanced driver assistance system (ADAS), Full Self-Driving (FSD), throughout North America and the rest of the world. Musk stated that once FSD is super smooth, the company will roll out a free month-long trial for all cars in North America, then extend the offer to the rest of the world after ensuring it works well on local roads and is approved by regulators.

Despite the name, FSD does not allow a car to drive itself fully. The latest version of the beta software automates some driving tasks on both highways and city streets, but still requires the driver to stay alert and take over control of the vehicle at any time. FSD is technically still in the beta stage, and requires significant amounts of data to train and improve. Rolling FSD out to every Tesla in North America, even for just one month, allows the company to collect more driving data while simultaneously building hype for the software.

Musk did not provide a specific timeline for extending access to FSD beyond North America, where the $15,000 add-on has been available to anyone who requests it since November. However, Tesla has been limited in its ability to give drivers access to FSD outside of North America due to stricter regulations. Drivers only have access to Autopilot, Tesla’s standard ADAS, which includes features like automatic steering within a lane, automatic braking, and automatic navigation to highway on- and off-ramps.

There have been moves by the European Commission to speed up regulation on ADAS, with new regulations expected to be submitted in full by September 2024. In Asian markets like China, where Tesla Autopilot is available to drivers, there have been recent reports that the automaker will soon begin large-scale FSD testing.

FSD and Autopilot have been the subject of numerous lawsuits and federal investigations, including a criminal investigation from the U.S. Department of Justice. The family of an Apple engineer who died in a car crash while Autopilot was allegedly activated is currently underway, and Musk will likely have to take the stand to defend comments he made about the capabilities of the system.

by Vivek Kumar

Artificial intelligence startup Perplexity AI has submitted a surprise $34.5 billion bid to acquire Google’s Chrome browser, CNBC confirmed on Tuesday. The offer comes despite being nearly double Perplexity’s most recent valuation, thanks to backing from several major investors. In July, Perplexity was valued at $18 billion, following an earlier valuation of $14 billion earlier this year. No Response Yet from GoogleGoogle has not issued an official response to the takeover proposal. The Wall Street Journal first reported the bid. Perplexity’s AI ExpansionBest known for its AI-powered search engine, Perplexity delivers concise answers with direct links to source material. Last month, the company expanded into web browsing with the launch of Comet, its own AI-driven browser. Perplexity is competing in the rapidly growing generative AI market against companies like Meta and OpenAI, all offering lucrative incentives to attract top AI engineers. Major tech firms are investing billions annually in AI infrastructure, while startups are raising significant venture funding to secure advanced computing hardware and top talent. Earlier this year, Perplexity was approached by Meta for a potential acquisition, but no deal was finalized. DOJ Push for Chrome DivestitureThe timing of the bid follows a U.S. Department of Justice (DOJ) recommendation that Google divest Chrome. The suggestion comes after Google lost an antitrust lawsuit in which a judge ruled the company had maintained an illegal monopoly in internet search. The DOJ argues that removing Chrome from Google’s control would level the playing field for rival search engines. Google, however, criticized the proposal as part of a “radical interventionist agenda” and described it as “wildly overbroad.” Launched in 2008, Chrome plays a key role in Google’s ad targeting by collecting valuable user data. Not Perplexity’s First Big SwingThis isn’t the first time Perplexity has pursued a bold deal. In January, the company proposed a merger with TikTok, amid uncertainty over the platform’s U.S. operations due to legislation requiring its Chinese owner, ByteDance, to divest. That proposal has not moved forward. With the DOJ’s proposed Chrome divestiture still under discussion, Perplexity’s high-profile bid adds a new twist to the ongoing battle for dominance in AI and web browsing technology.

EV
by Team SNFYI

Are you considering investing in an electric vehicle? If so, you have made the right decision. Electric cars are gaining popularity due to their numerous benefits. However, before you buy an electric car, you must consider the factors discussed in the following sections. They will help you make an informed decision. 6 Points You Must Consider While Buying Electric Cars  Let’s take a look at the important points you must consider before buying electric cars in India:  Ideally, an electric car has a driving range of over 100 km, which is sufficient for daily driving. However, high-end electric vehicles offer a driving range of over 400 km.   Considering the maximum distance the vehicle can travel on a single charge will help you determine whether the car meets your requirements. To make your purchase stress-free, research the prices of the cars and know your budget. Consider applying for an electric vehicle loan to help you fulfil your dream of owning a car without denting your savings. Use a car loan EMI calculator to calculate your monthly instalment and formulate a financial plan, considering other liabilities.  The formula for calculating electric car loan EMI is as follows: EMI = [P x R x (1+R)^N]/[(1+R)^N-1] Here,  P = Principal sum of the car loan  R = Rate of interest charged by the lender  N = Tenure of the loan in months  As you can see, the calculation procedure is time-consuming and prone to errors. So, you can use an online car loan EMI calculator to get accurate results quickly.  The battery is the most important component of an electric car, and it’s quite expensive. Therefore, it is essential to check the battery life before purchasing an electric vehicle. Find out details about the battery range and other specifications.  Moreover, check how long the battery can last and how much it will take to replace it.  Remember that you won’t find an electric vehicle charging station as easily as you find a fuel station. This is because the electric vehicle charging infrastructure has yet to establish a strong footing in India. Fast chargers are quite expensive to install in the car, and your city might have very few charging stations for them. On the other hand, standard and slow-charging systems are more reasonably priced. So, before buying an electric car, check which charging system suits your vehicle and meets your budget. Electric vehicles are equipped with software, which must be updated regularly. While some manufacturers provide the software for free, others may charge a fee for it. Moreover, remember to ensure that your electric vehicle has the latest software upgrades/updates.  You must maintain your electric vehicle regularly, just as you would a conventional car. Otherwise, its performance will be affected. Electric cars have few moving parts, requiring less maintenance effort. Also, buying spare parts for an electric car will be more expensive than for conventional cars. So, consider the maintenance costs of an electric vehicle before investing in one.  Additional Important Things to Keep …

by Team SNFYI

Bharatsure, one of India’s leading Insurtech companies offering Infrastructure as a Service (IaaS) solutions has raised INR 6 Crores from Inflection Point Ventures (IPV) and other investors including Capital A and Atrium Angels. Bharatsure is pioneering transformation in India’s insurtech landscape, unlocking vast market potential while advancing health security and insurance penetration. As an Infra-as-a-Service (IaaS) Insurtech, Bharatsure empowers ecosystem partners with seamless group and embedded insurance distribution solutions. Bharatsure has doubled its revenues in FY25 breaking even at CM3 and is gradually progressing toward EBITDA profitability by the end of this year. With a clear growth trajectory, Bharatsure has set ambitious revenue milestones, targeting INR 100 Cr by FY28 and INR 1000 Cr by FY34, reflecting its bold vision and long-term scalability in the market. Anuj Parekh and Sanil Basutkar are the co-founders of Bharatsure. Anuj, a CA and IIM-Bangalore alumnus, brings deep expertise in finance and scaling ventures, while Sanil, a CA and an ISB alumnus, employs his fintech background to drive product innovation and distribution. Coinciding with the fundraise, Bharatsure announced a new partnership with Battery Smart, India’s largest battery-swapping network for electric two- and three-wheelers, to launch natural calamity insurance exclusively for its station partners. The initiative offers protection against events such as fires, floods, earthquakes, and storms alongside personal accident coverages to safeguard individual livelihoods.  Mitesh Shah, Co-founder, IPV says, “As India moves towards a greener and sustainable future with the widespread adoption of EVs, and the infrastructure that supports it, it is time that we adapt our insurance frameworks to suit the changing needs. Bharatsure’s futuristic mindset and farsight offers financial protection and peace of mind in the face of unexpected events. In a world that doesn’t always go according to plan, insurance doesn’t just offer protection, it also carries the burden of social responsibility.” Anuj Parekh, Co-Founder & CEO of Bharatsure, added: “These station partners play a frontline role in advancing sustainable mobility, and we’re proud to design coverage that genuinely addresses their needs. The funding allows us to further develop our infrastructure too ”  With over 1,500 stations and 70,000+ drivers across 50+ cities, Battery Smart’s station partners form the backbone of India’s growing EV infrastructure. This insurance plan ensures partners are equipped with financial protection to overcome unforeseen disruptions while continuing to power the country’s EV transition.  “Our station partners are at the heart of our operations,” said Ms. Sumi Jain, AVP – Network Strategy and Operations, Battery Smart. “This insurance partnership is not just about protecting assets, it’s about empowering the individuals who are driving India’s EV revolution. Together with Bharatsure, we are fortifying the backbone of our network.”  As EV adoption picks up pace in India particularly across two- and three-wheelers, battery swapping stations are emerging as a critical part of the ecosystem. To strengthen safety for its partners, this insurance initiative complements Battery Smart’s existing safety framework, which includes a 24×7 support helpline, in-app issue reporting, mandatory onboarding training and ongoing awareness campaigns.   About Battery Smart:  Battery Smart …