This week was charged with productivity! Big things happened in India and across the globe, be they positive or correcting the not so positive ones. But this meant that it was challenging and energy-draining, to say the least!
But the Indian cricket team’s win over England in the World T20 semifinal soothed it all. Enough chitchat; let us tell you the news we have curated for you. Starting for 250% ROI in a year of Mazagon Dock Shipbuilders, Google shared its search quality measurement tactics, an INR 461 crore app deal between a non-graduate and WordPress, 5 WordPress plugins that are compromised, an Indian AI contender, Invideo AI, and more!
For the stocks, we got an insight into the next big AI stock. So, stay tuned and enjoy the rain while we help you unwind with the hottest 7 news stories of the week!
Mazagon Dock Shipbuilders becomes the 18th Navratna
India registered its latest edition of the Navratna PSUs, i.e., Mazagon Dock Shipbuilders, which is a defense sector industry! They build submarines, naval ships, cargo vessels, barges, and more.
Their shares have been rallying after this inculcation by the Finance Ministry of India. Navratnas can,
- Invest up to INR 1000 crore or
- 15–30% of the net worth
- Without approval from the government (which has 84.8% of its shares).
They had total orders worth INR 38,561 crore, making the annual return on investment, or ROI, surge to 250%+. Mazagon Dock Shipbuilders shares have improved 300% in the past 12 months.
Source: link
Google divulged its Search Quality measurement tactics
Google has opened up to the public and shared the secret behind their tactics and metrics used for measuring search quality! They are using,
- Surveys and
- User & expert behaviour to study and quantify the same.
This is important as the search queries now-a-day have become quite complex. This information was released by Google’s Search director, Elizabeth Tucker, on the latest edition of Google’s ‘Search Off The Record’ podcast.
They measure both the long-term and short-term relevance and intent of the search queries. But Elizabeth highlighted that not everything can be measured, and everything that is measured is not worthwhile!
They do this so that Google stays relevant in the ever-changing digital world!
Source: link
An Indian, without a college degree, sold an app for INR 416 crore
This news debunks the fact that to become big or worthwhile, you have to study and complete college. Kishan Bagaria, who hails from Dibrugarh, Assam, is a living example of the same.
He just had his curiosity and internet and he made an app called “texts.com,” which made a world tech giant like WordPress knock on his door. He bagged a deal worth INR 461 crore, or USD 4.61 billion.
He learned how to code online and started creating apps for Windows when he was just 12 years old! His latest app, “texts.com,” brings the possibility of combining all messaging platforms like Telegram, WhatsApp, Twitter, Instagram, and more in one place.
He has been titled “Generational Tech Genius” by the founder of Automattic, Matt Mullenweg.
Source: link
5 WordPress plugins that are compromised
Did you know hackers are now targeting WordPress plugins and infecting the source code by updating them with malicious codes?
Wordfence and WordPress have issued warnings as it is leading to widespread infections. These plugins would generate admin accounts (rouge), connect with servers, and add SEO spam links to the linked websites in the footer.
The affected plugins are:
- Social Warfare (H3)
Affected Versions -> 4.4.6.4 to 4.4.7.1
Patched version -> 4.4.7.3
- Blaze Widget (H3)
Affected Versions -> 2.2.5 to 2.5.2
Patched version -> None
- Wrapper Link Element (H3)
Affected Versions -> 1.0.2 to 1.0.3
Patched version -> remove or downgrade to 1.0.0
- Contact Form 7 Multi-Step Addon (H3)
Affected Versions -> 1.0.4 to 1.0.5
Patched version -> None
- Simply show Hooks (H3)
Affected Versions -> 1.2.1
Patched version -> None
WordPress has shut these plugins down for the time being. And floated a message of temporary closure until a full review is conducted.
Source: link
Air India Express launches tickets as low as INR 883
Air India Express wishes to cash in on bumper sales by offering tickets as low as INR 883 or USD 10.59 under their “Splash Sale.” But there is a little but in here, as the offer is valid for today only, i.e., June 28, 2024, and the ticket can be bought for journeys between July 1st, 2024, and September 30th, 2024.
Plus, there is another discount of INR 350 or waiver of the convenience fee if using Xpress Lite on the Air India Express website. It is a first-come, first-served offer and does not allow refunds!
But still, cheap travels ahead!
Source: link
Indian AI contender Invideo AI’s USD 30 million revenue run
Many would be wondering what India is doing in the AI domain. Well, the answer is Invideo AI. It is a text to video generation Gen AI which was supposed to be an enterprise solution.
But instead, it is benefiting all with its 10-minute video feature and thus garnering 60k daily signups! Due to this, the company reported an annual revenue of USD 30 million in FY24. It is one of the greatest AI tools, as everyone loves watching videos!
But creating even a 1-minute video takes a day or more, depending on the quality. Lastly, they were founded in 2017 and have received funding of USD 52.5 million till now.
Source: link
The AI stock, which backs Elon Musk’s xAI
Are you ready to play the biggest stock game of your life?
Elon Musk is and will be announcing an AI stock that is currently powering the AI requirements of Tesla and xAI. According to Forbes, it will define the future of AI itself.
Whenever such a stock launches, it takes an exponential growth curve, i.e., the initial growth rate is infinite. The big players in the market are already investing heavily in it, as per Luke Lango, a renowned finance blogger from Investor Place, and people in the stock market know him as a “prodigy,” getting ranked as the #1 stock picker of 2020 in the USA.
To add more to the hype,
- Yahoo called it the dot-com boom of AI!
- Time called it the Microsoft Windows of 1995!
You can find the name and investment procedure in the article link!
Source: link
This brings our eighth edition of the weekly roundup to an end, and we hope that it equips you with enough arsenal to go charging into the next week! Many corners of the world are still reeling under extreme heat waves while the monsoons have arrived in India.
We would suggest to our foreign audience that they make hay while the sun shines, plant trees, and dig up water storage and recharge stations. The next big world issue is going to be extreme climate changes like cloudbursts and droughts!
Wildnet Technologies understands it well and is thus trying to be sustainable and leave as little carbon footprint as possible! With our 17+ year-long journey, we have learned to coexist and grow together, which is clearly stated in our tagline, i.e., Nurturing Possibilities!
We can make money easily, but making O2 or oxygen and H2O or water is next to impossible for us! Plants and Mother Nature, do it effortlessly!
In case you missed out on our previous Weekly roundup and our weekly thought leadership POV, i.e., Wildnet’s Digital Yum, we got you!
Until next week, tech Freaks!
