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The Cream War 🤺
Good Morning Folks!!! Speaking of a tale that demonstrates perseverance, Domino’s pizzas were not always popular among people. In fact, in the 2000s, Inviting sharp criticism became almost a staple for the brand. Promising change, in addition to revamping their recipes, the brand launched the “we suck” campaign in 2009 in a bold fashion to rekindle trust among customers.
FMCG
NIVEA Vs. PONDS
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One Liner: Fuelling a fiery debate at the Delhi high court, NIVEA’s parent company took HUL to court in 2021 over HUL’s representatives who were drawing comparisons between Ponds gel and an unlabelled cream bearing a striking resemblance to NIVEA’s.
Beiersdorf, NIVEA’s parent company, argued against the misleading comparisons made by HUL tarnishing NIVEA’s reputation as the specific shade of blue is associated with NIVEA. HUL defended its position by asserting that NIVEA did not have a monopoly over the color blue. The long-drawn battle came to full circle after 3 years when the court ruled in favor of the plaintiff, quoting activities undertaken by HUL as “disparaging.”
TECH
The Indian Genius Behind OpenAI’s Breakthrough
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One Liner: Prafulla Dhariwal, the Indian prodigy from Pune played a pivotal role in creating OpenAI’s multimodal model, GPT-4o.
Recognized early for his exceptional talent, Prafulla Dhariwal designed his first website at 11 and excelled academically, earning top scores in his high school exams and representing India in international Olympiads. He chose to attend MIT over IIT. Joining OpenAI in 2017, Dhariwal has worked on pioneering projects like the Jukebox music model and advanced diffusion models for image synthesis. His contributions have been instrumental in OpenAI's advancements, particularly in enabling natural, real-time voice interactions with GPT-4o as highlighted by Sam Altman. As OpenAI continues to innovate, Dhariwal remains at the forefront of its groundbreaking work.
STOCK MARKET
Vedanta’s Stocks Skyrocket
One Liner: Mining conglomerate Vedanta’s stock rose after its board of directors approved an 8,500 crore fundraise and declared dividend.
Vedanata’s shares witnessed a substantial gain on May 17, following the director’s meeting. Although not confirmed, the issue is in a regulatory filing. This is the second time in this fiscal year that the company has raised funds. The directors also announced a total dividend payout amounting to 4,089 crore.
WORLD
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An intriguing development has mushroomed among an international cohort of researchers who have identified seven stars that have the potential to inhabit advanced alien civilisations and are further on the lookout to understand the phenomenon using optical spectroscopy. The findings in connection with the hunt for Dyson spheres—imaginative structures built to leverage a star’s energy—have been published in the Monthly Notices of the Royal Academy of Sciences.
In a bewildering turn of events, Tesla CEO Elon Musk fired the 500-member Supercharger lot after a flurry of arguments between Musk and division chief Rebecca Tinucci over extra layoffs, as per Reuters findings. However, Bloomberg rekindled the debate, stating that the CEO had rehired some of the employees.
India has become a prominent alternative among a sea of foreign investors, with the annual projection of its GDP growth in 2024 further ascending to 6.9% from the earlier 6.2% recorded in January, according to an expert UN body. This shift is partly attributable to plummeting western investment flows into China.
OPTICAL ILLUSION
The Ponzo illusion involves placing two lines over an illustration of a railroad track. Which line is longer? In reality, they are exactly the same length.
Watch: Sundar Pichai’s advice for Indian Youngsters.
Read: Forbes released the world’s highest-paid athletes 2024.
Is it?: Is it time to retire cursive writing?
World’s Most Expensive Pizza!
The world's most expensive pizza by Renato Viola costs $12,000, featuring luxurious lobster, caviar, and even 24K gold flakes!
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