Hello,
Can a bot minister tackle corruption?
That’s the question Albania hopes to answer. Prime Minister Edi Rama, who is about to begin his fourth term, said last week that AI-generated bot Diella, which means ‘sun’ in Albanian, will manage and award all public tenders in which the government contracts private companies for various projects, Reuters reports.
Meanwhile, with Big Tech’s data centres threatening to overload US electricity grids, policymakers are looking towards tough solutions, including bumping the energy-hungry data centres off grids during power emergencies, according to Associated Press.
Speaking of energy, the US is pushing for a ‘nuclear energy renaissance’. In fact, the Trump administration reportedly wants to quadruple the nuclear sector’s domestic energy production, to produce 400 gigawatts by 2050.
Lastly, none other than OpenAI CEO Sam Altman is concerned that the whole internet feels fake as AI has taken over the web.
And it isn’t just the bots that are slowly turning the internet into a wasteland, but the fact that people are beginning to write like chatbots.
As ChatGPT would probably reply: We can see how frustrating it can be!
In today’s newsletter, we will talk about
- Myntra’s net profit soars
- Fiji beyond the postcard
- Inside IndoAI’s bet on smart cameras
Here’s your trivia for today: The Pritzker Prize is an award given in what field?
Ecommerce
Myntra’s net profit soars
Bengaluru-based fashion ecommerce platform Myntra posted a profit after tax of Rs 548.3 crore, an 18X increase from Rs 31 crore in FY24. Myntra’s consolidated revenue from operations rose 18% year-on-year to Rs 6,042.7 crore in FY25, up from Rs 5,121.8 crore in the previous fiscal. The company generates revenue from three main streams—logistics, marketplace services, and advertising.
Key takeaways:
- Logistics continued to be the largest contributor, accounting for 48.3% of operating revenue at Rs 2,918.9 crore, a growth of nearly 20% year-on-year.
- Myntra also booked Rs 157.5 crore from other income sources, including Rs 94.3 crore from non-operating revenue such as royalty income, bringing its total revenue to Rs 6,042.7 crore.
- In addition to its domestic growth, Myntra is also eyeing global opportunities. Earlier this year, the company launched Myntra Global in Singapore, targeting the nearly 650,000-strong Indian diaspora in the country.
Travel
Fiji beyond the postcard
Fiji is an invitation to step out of the postcard and into the story. Every curve of coastline, every ripple of river, every smiling bula holds a memory waiting to be made.
The laughter of children waving from the banks of a river. The unforgettable sight of spinner dolphins leaping beside our bow. Even planting coral in clear waters, leaving behind something that will grow long after you are gone.
Good vibes:
- Rising on the western slopes of Mount Victoria and running 120 kilometres to the Coral Coast, Sigatoka is the island’s longest river and one of its great lifelines.
- Once the only reliable route to the interior of the island, the river remains vital as locals gather mussels, fish, and prawns from its waters, irrigate crops, and retell memories of floods when the river rose to frightening heights.
- Born from the discovery of wild coffee in the highlands, Bula Coffee–Fiji’s first and only fully local coffee company–provides work to thousands of villagers.
Startup
Inside IndoAI’s bet on smart cameras
<figure class="image embed" contenteditable="false" data-id="580864" data-url="https://images.yourstory.com/cs/2/da2fbdc0190811f081151f90dce74d60/IndoAI900x900-1757513159764.jpg" data-alt="IndoAI founders leading India’s edge AI camera revolution" data-caption="
Rashmi Kulkarni and Eric Fonseca of IndoAI are driving innovation with smart edge AI cameras and a vision model marketplace to transform security, retail, healthcare, and smart city projects.
” align=”center”> Rashmi Kulkarni and Eric Fonseca of IndoAI are driving innovation with smart edge AI cameras and a vision model marketplace to transform security, retail, healthcare, and smart city projects.
Pune-based startup IndoAI develops AI-powered edge cameras that run multiple vision models in real time without relying on external servers. The product is useful in places like government offices, hospitals, or remote areas with poor internet or strict data rules. “We process everything on the edge and send live alerts,” CEO Kulkarni says.
News & updates
- Data infra: BlackRock plans to invest around 500 million pounds (a little over $677 million) in British data centre infrastructure, Sky News reported on Saturday. The deal will likely be among others announced during US President Donald Trump’s state visit next week.
- Cryptocurrency: Gemini Space Station shares jumped 32.2% in their Nasdaq debut on Friday, giving the cryptocurrency exchange a valuation of $4.4 billion and capping a bright week for digital asset companies in a resurgent US IPO market.
The Pritzker Prize is an award given in what field?
Answer: Architecture
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