Two Indian-origin businessmen makes it to Fortune's '40 Under 40' list
New York: Two Indian-origin persons have been named by American magazine Fortune in its annual list of 40 most influential and inspiring young people in business under the age of 40.
Intel's Vice President of artificial intelligence software and the AI lab Arjun Bansal and fashion platform Zilingo CEO and co-founder Ankiti Bose make it to Fortune's 2019 '40 Under 40' list, the annual selection of the most influential young people in business.
Bansal, 35, as vice president of artificial intelligence software and research at semiconductor giant Intel, has a lot on his plate, the magazine said.
Bansal's team of nearly 100 workers, scattered throughout the US, Israel and Poland work on AI technologies like reinforcement learning and natural-language processing, all intended to help keep Intel's silicon chips working swimmingly with the latest AI software, it said.
One of Intel's key AI projects involves specialised computer chips developed by Nervana, the startup co-founded by Bansal and acquired by the chip giant in 2016 in a deal reportedly worth over USD 350 million, the report said.
Bose, 27, launched the four-year-old Singapore-based startup after visiting Bangkok's Chatuchak market and realising its merchants had no easy way to sell their goods online, Fortune said.
"What started as an aggregator of small fashion retailers has since expanded into business-to-business offerings, such as supply-chain tools, and has tapped into Southeast Asia's booming Internet connectivity and smartphone adoption," it said.
The company's latest round of funding in February led by Sequoia Capital and Temasek Holdings and raising USD 226 million valued the firm with 600 employees across eight countries at USD 970 million, putting it within a rounding error of unicornship.
"Just 10 per cent of the world's venture capital backed startups worth USD 1 billion had a female founder as of last year. Bose is set to join that too-exclusive club," the publication said.
Also on the list is Voice user interface designer at Amazon Alison Atwell, 31, who is in charge of "training" Alexa, Amazon's cloud-based voice service, and teaching her new skills, and 37-year old US Presidential candidate Pete Buttigieg.
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2 days' WFH for govt offices, Metro use by ministers: Delhi CM's call for fuel conservation
New Delhi (PTI): Delhi Chief Minister Rekha Gupta on Thursday announced a slew of measures including two days of 'work from home' (WFH) for government offices, use of Metro trains on Mondays by ministers and officers, and a voluntary 'no-vehicle day' every week.
Gupta said in a press conference attended by her Cabinet colleagues that the government has drawn an extensive plan under "Mera Bharat, Mera Yogdan" to implement the appeal of Prime Minister Narendra Modi for saving fuel and wise expenditure.
She said all Delhi government offices will follow WFH two days a week. The private sector will also be requested to follow it, she said.
Gupta said all ministers, officers and she herself will use Metro for commuting on Mondays while people will be requested to observe 'no-vehicle day' every week.
The government has also decided to cancel all official foreign visits by ministers for one year while no big events will be hosted by it for the next three months, she said.
The chief minister said petrol and diesel quotas of the Delhi government officers have also been slashed by 20 per cent.
Earlier, Gupta headed a meeting with all her Cabinet ministers and senior officers of the government to discuss ways to save fuel and other resources amid global uncertainty over crude oil and gas supplies.
The chief minister has also cut down on her carcade by 60 per cent, following Prime Minister Narendra Modi's appeal to people to spend wisely and save fuel in view of the war in West Asia.
The chief minister's convoy now has only four vehicles, including two EVs.
