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Mahadev Betting Case: ED strikes hard, Real owner of the Mahadev Girish Talreja arrested, Co-Owner Ratan Lal Jain is absconding

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ED has taken swift action in Mahadev Betting App case. Based on information received,  the ED team on Friday arrested one of the owners of the Mahadev App Girish Talreja from Bhopal, meanwhile his accomplice Suraj Chokhani too was taken into custody from Kolkata. On Sunday, both of them were produced in court in Raipur. ED’s lawyer argued for the remand of both of them. The court has sent both of them to jail for one day. Both of them will appear in Raipur court again on Monday.

Meanwhile, the other co-owner of the Mahadev App – Ratan Lal Jain is on the run. According to ED, transactions worth crores have been found with Girish Talreja, Ratanlal Jain and Shubham Soni. Shubham Soni is absconding, ED is searching for him. Suraj Chokhani, arrested from Kolkata, is accused of investing the money of Mahadev Satta App in the stock market. ED’s investigation also revealed that Nitish Diwan, a resident of Bhilai, used to live in Dubai with the promoter of Mahadev Satta App and worked as a panel operator. ED conducted raids in many cities of the country on 28th February.

International Criminal Police Organization (Interpol) has appointed a National Central Bureau (NCB) in all of its 195 member countries. These bureau serve as a single point of contact between Interpol and the respective law enforcement agencies of that member country.

In India, the Central Bureau of Investigation (CBI) is the official NCB that is tasked with publishing, maintaining, and updating Red Corner Notices against fugitives/offenders as needed by India’s law enforcement authorities.

The Mahadev Book case has seen arrests of several individuals recently. Arrested individuals included an ASI named Chandrabhushan Verma, a relative of mastermind named Satish Chandrakar, and hawala operators Anil Dammani and Sunil Dammani. Verma is accused of taking bribes amounting to Rs 65 crore and distributing it to other senior officials under him as well while the others are suspected of carrying out operations of the illegal betting network and laundering the proceeds out of the country.

Meanwhile, The ED presented the four high-profile accused to a special court recently which provided them their judicial custody for seven days which ended yesterday. During that time, ED successfully extracted various pieces of information on the illegal betting network and the people linked to it.

On February 28, simultaneous raids were conducted by the ED in Raipur, Kolkata, Gurugram, Delhi, Indore, and Mumbai. Ratan Lal Jain & Girish Talreja, a hawala operator, was identified in connection with the case. Ratan Lal Jain & Girish Talreja, currently residing in Dubai, was allegedly involved in operating an illegal betting app called Sky Exchange in collaboration with Mahadev app promoters. Assets worth Rs 580.78 crore belonging to Ratan Lal Jain & Girish Talreja have been seized under the Prevention of Money Laundering Act (PMLA).

It was discovered during the investigation that Ratan Lal Jain & Girish Talreja had been investing proceeds from illegal betting through his Dubai-based units into the Indian stock market via Foreign Portfolio Investments (FPIs). He had also appointed several associates as directors in the companies involved.

The ED release said that Ratan Lal Jain & Girish Talreja owned and operated one of the illegal betting websites viz. skyexchange, and was involved in large-scale hawala movement of the betting fund

The ED initiated its investigation based on FIRs registered by the Chhattisgarh Police. Subsequently, other FIRs registered by the Vishakhapatnam Police and other states were also included in the investigation. The ED’s investigation into Mahadev Online Book revealed large-scale hawala operations aimed at siphoning off the proceeds of betting to offshore accounts.

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Intel has Optimized 500 Artificial Intelligence Models for Core Ultra Processors

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“An important milestone has been reached in Intel’s efforts to establish itself as the leading chip supplier for AI PCs: the company announced that over 500 AI models have been optimized for its Core Ultra processors.”

The AI models, according to the Santa Clara, California-based company, cover “more than 20 categories of AI, including large language, diffusion, super resolution, object detection, and computer vision,” as of Wednesday. These models are available from industry partners Hugging Face, PyTorch, ONNX Model Zoo, and OpenVINO Model Zoo.

These include Google’s Bert natural language understanding model, Microsoft’s Phi-2 small language model, Meta’s Llama large language model, OpenAI’s Whisper speech recognition model, Stability AI’s Stable Diffusion 1.5 text-to-image generation model, and the Mistral language model.

Models “form the backbone of AI-enhanced software features like object removal, image super resolution, or text summarization,” according to Intel, which highlights the significance of its optimization work. It further stated that the models are compatible with the Core Ultra’s neural processing unit (NPU), GPU, and CPU.

According to the company, “the breadth of user-facing AI features that can be brought to market and the number of enabled/optimized models are directly correlated.” It is impossible to design a feature without a model. The feature cannot operate at its peak efficiency without runtime optimization.

The semiconductor giant is in an arms race with rivals AMD and Qualcomm to not only provide the best processors for AI PCs but also to enable compelling software experiences with the goal of creating greater demand for their respective products.

Along with the AI model optimization project, Intel has been developing over 300 AI-powered features for PCs with Core Ultra processors in collaboration with more than 100 independent software vendors (ISVs). In December, the company released its Core Ultra lineup; this is being done as part of its AI PC Acceleration Program, which was started a few months prior.

The company stated that the work it has done to establish AI PCs as a new device category and the investments it has made in client AI processing, framework optimizations, AI tools like OpenVINO, and other related areas have made its software enablement work possible.

Robert Hallock, vice president and general manager of AI and technical marketing in Intel’s Client Computing Group, said in a statement, “This unmatched selection reflects our commitment to building not only the PC industry’s most robust toolchain for AI developers, but a rock-solid foundation AI software users can implicitly trust.”

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Conduent and Microsoft Collaborate to Use AI to Increase Business Efficiency

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AI-Powered Strategic Alliance for Improved Business Operations

Conduent, a provider of business services, recently announced a strategic partnership with Microsoft. The purpose of this partnership is to lead the way in generative artificial intelligence (AI) applications in important industries. The partnership’s primary goals are to use AI to transform healthcare administration, improve customer support, and strengthen fraud detection systems.

Boosting Cloud-Based Secure AI Adoption

Conduent’s clients will be able to take advantage of a secure cloud environment at a faster rate thanks to the synergy between Conduent and Microsoft. Three generative AI pilot programs are presently being developed by the alliance, one of which aims to efficiently extract data from medical documents. The goal of this project is to use Microsoft’s Azure AI Document Intelligence and Azure OpenAI Service to expedite the resolution process.

AI’s Strong Effect on the Growth of Small Businesses

The applications of AI go beyond the healthcare sector and include small businesses, where AI is thought to be a growth accelerator. AI has many uses, from enhancing customer service to automating marketing campaigns to expand its market reach. Particularly tailored AI solutions are being developed for small businesses, taking into account their unique resource limitations, making advanced AI tools more accessible to them.

Businesses with limited resources can now benefit from AI models developed by companies like Microsoft, which has garnered attention and given them a competitive advantage in the market. Supporters of these scaled models emphasize how easy it is to integrate, how affordable, and how little data these models require—all of which are advantageous for most companies that handle large volumes of sensitive data.

Conduent and Microsoft’s partnership is a big step toward bringing artificial intelligence (AI) into conventional business models, optimizing workflows, and establishing new benchmarks for customer and client interaction.

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A positive mindset, steering positive financial change, meet Oz Clement Knight

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Oz Clement Knight pushes boundaries as a top financial educator and entrepreneur, inspiring lives worldwide.

It is sometimes not just about feeling passionate about working in a particular field; it is more than that for a few rare professionals and business owners who strive for excellence daily, besides feeling passionate about all they choose to lay their hands on. When we saw the rise of Oz Clement Knight, who has been in the financial sector for several decades, we understood how a person needs to surrender to his aspirations and goals in life to push boundaries and steer positive change.

Oz Clement Knight is all about this and beyond. At every step in his journey, he has proved why he deserves to be called a leader in the financial realm, for he has stayed committed to taking his clients to the financial success they wish to achieve and, in the process, has reached the forefront of the industry.

He has been pioneering financial success for others through two incredible ventures, namely OHL Ventures Fund LLC and Ozmarq Holdings Ltd. The former is a Delaware series limited liability company to make venture capital and growth equity investments in diverse leading seed stage, early stage, and developmental stage and later stage private companies, with companies engaged in social media, social media, life sciences, and clean tech businesses. Through the fund, he promises to create returns for investors by helping them identify and invest in potential leading-edge companies that can later provide them with massive returns.

The latter serves as the Manager of the fund that will establish a series of funds for purchasing securities of a portfolio company/companies from a secondary source, making a separate and distinctive investment directly in a portfolio company/companies, and/or investing in the interests of investment funds, special purpose vehicles, or other entities whose portfolios consist of one or more portfolio companies.

With his years of experience and knowledge in private wealth management, investment banking, and capital markets, the financial educator, who loves spreading his knowledge among others, especially the youngsters in the field, has ensured that he offers financial services that cater to the individual needs of his clients, eventually empowering them to navigate the varied financial complexities in their journey to reach financial success.

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