Current Affairs - Technology

ISRO, the Indian Space Research Organization, is leading the development of a semi-cryogenic propulsion system aimed at enhancing the payload capacity of Launch Vehicle Mark-3 (LVM3) and future launch vehicles. This system utilizes a 2,000 kN thrust semi-cryogenic engine powered by a combination of liquid oxygen (LOX) and kerosene.

Setu, a prominent fintech company, introduced Sesame as India’s first Large Language Model (LLM) specifically designed for the banking, financial services, and insurance (BFSI) sector. This initiative, developed in collaboration with Sarvam AI, marks a significant advancement in leveraging AI technologies to enhance financial services in India.

Bajaj Auto, under Rajiv Bajaj's leadership, is gearing up to revolutionize transportation by introducing the world's first CNG-powered motorcycle on June 18, 2024. This groundbreaking move aims to provide consumers with a cost-effective alternative amidst rising petrol prices. The CNG motorcycle promises lower running costs compared to traditional petrol-powered bikes, making it an attractive option for daily commuting.

Mindgrove recently launched India's first commercial high-performance SoC, Secure IoT, aimed at empowering local businesses with Indian SoC technology. This initiative not only fosters innovation but also promotes production scalability within the country, with the chip expected to replace millions of chips annually and attract global interest in India's technological capabilities.

Ukraine has introduced an AI-powered digital spokesperson, Victoria Shi, for its foreign ministry, marking a significant advancement in diplomatic communication. This innovative approach combines cutting-edge technology with diplomacy, allowing for the efficient delivery of official statements while ensuring content accuracy through human verification.