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Musk-Altman Fight Over OpenAI Overhaul Set for March Trial
A federal judge has scheduled a March 16 trial for Elon Musk's lawsuit challenging Sam Altman's plan to restructure OpenAI into a for-profit entity. US District Judge Yvonne Gonzalez Rogers rejected Musk's request to halt the transformation but expedited the trial to address Musk's claim that the restructuring is unlawful.
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OpenAI Says Elon Musk's Takeover Bid Contradicts His Lawsuit Against It
Musk sued OpenAI CEO Sam Altman and others in August and has asked a US district judge to block OpenAI's attempt to transition to a for-profit entity. OpenAI, however, has written in a letter to the court that Musk's bid to purchase the AI firm contradicts his lawsuit.
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Nothing Said to Raise Funding, Crosses $1 Billion in Lifetime Sales
Nothing is seeking to raise at least $100 million in funding to expand its operations, according to people with knowledge of the matter. The startup is run by Carl Pei, one of the creators of OnePlus, a popular China-based phone maker.
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Dell To Layoff Workers In Sales Team Reorganization With New AI-Focused Unit
Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year.
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Indian Spacetech Startups See Record-Breaking Funding Amid Government Push
India's spacetech sector witnessed record-breaking funding of $126 million in 2023 - a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed today.
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Koo to Shut Down Four-Year-Old Service After Acquisition Discussions Fail
Koo is shutting down, co-founders Aprameya Radhakrishna and Mayank Bidawatka announced on Wednesday. Four years ago after it was launched as a competitor to Twitter (now known as X), Koo will cease operations after acquisition talks with "multiple larger internet companies, conglomerates and media houses" failed, according to the app's founders.
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Humanity Protocol Raises $30 Million as Blockchain-Based Digital ID Startup Hits Unicorn Status
Human Protocol has gained unicorn status after it raised $30 million in a fresh funding round led by Kingsway Capital. Other venture capital firms that participated in the seed funding round included Animoca Brands, Blockchain.com, Hashed, and Shima Capital.
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Crypto Startups Turbocharge Valuations as Investment Picks Up
Crypto startups are putting valuations in the fast lane with an aggressive form of fundraising that reflects the digital-asset industry’s recovery as well as a desire among venture funds to put money to work.
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Elon Musk Says His AI Startup xAI's Grok Chatbot Will Go Open-Source
Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger "Grok" this week, days after he sued OpenAI for abandoning its original mission in favor of a for-profit model.
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National Startup Day: CoinDCX Chief Posts Earnest Appeal to India’s Govt, Web3 Community
India observes January 16 as National Startup Day. In an earnest appeal to the government of India as well as its crypto community, CoinDCX’s Sumit Gupta has urged the government to reduce the one percent TDS levied on all crypto transactions.
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Hotel Prices Soar During World Cup Final, Startup Offers Unique Solution
Wakefit is offering a chance for a few lucky fans to transform their night after the World Cup Final Match into a "memorable snoozefest".
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Ola, Uber And Dunzo Among Worst Platforms For Gig Workers: Survey
BigBasket has claimed the top spot, while ride-hailing giants Uber and Ola, along with logistics startup Porter, have been rated as the least favourable platforms for gig workers, as per a study by research firm Fairwork India.
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Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Takeover: Report
Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday.
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Indian EV Charging Startup Exponent Eyes Funding to Grow Rapid Business
Exponent Energy, an Indian rapid charging startup, is in talks with new and existing investors to raise money to expand its energy services business to three-wheeled passenger vehicles and buses, its chief executive told Reuters in an interview. The electric vehicle batteries can be fully charged in 15 minutes using its rapid charger.
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India Startup Festival To Be Held In Bengaluru With Focus On Rural Empowerment
More than 10,000 startups from Indian, the UK and Japan will take part in ISF. About 500 investors are also expected to be present.
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Musk-Altman Fight Over OpenAI Overhaul Set for March Trial
A federal judge has scheduled a March 16 trial for Elon Musk's lawsuit challenging Sam Altman's plan to restructure OpenAI into a for-profit entity. US District Judge Yvonne Gonzalez Rogers rejected Musk's request to halt the transformation but expedited the trial to address Musk's claim that the restructuring is unlawful.
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OpenAI Says Elon Musk's Takeover Bid Contradicts His Lawsuit Against It
Musk sued OpenAI CEO Sam Altman and others in August and has asked a US district judge to block OpenAI's attempt to transition to a for-profit entity. OpenAI, however, has written in a letter to the court that Musk's bid to purchase the AI firm contradicts his lawsuit.
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Nothing Said to Raise Funding, Crosses $1 Billion in Lifetime Sales
Nothing is seeking to raise at least $100 million in funding to expand its operations, according to people with knowledge of the matter. The startup is run by Carl Pei, one of the creators of OnePlus, a popular China-based phone maker.
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Dell To Layoff Workers In Sales Team Reorganization With New AI-Focused Unit
Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year.
-
Indian Spacetech Startups See Record-Breaking Funding Amid Government Push
India's spacetech sector witnessed record-breaking funding of $126 million in 2023 - a 7 per cent increase from the $118 million raised in 2022 and a whopping 235 per cent increase from $37.6 million in 2021, a report showed today.
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Koo to Shut Down Four-Year-Old Service After Acquisition Discussions Fail
Koo is shutting down, co-founders Aprameya Radhakrishna and Mayank Bidawatka announced on Wednesday. Four years ago after it was launched as a competitor to Twitter (now known as X), Koo will cease operations after acquisition talks with "multiple larger internet companies, conglomerates and media houses" failed, according to the app's founders.
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Humanity Protocol Raises $30 Million as Blockchain-Based Digital ID Startup Hits Unicorn Status
Human Protocol has gained unicorn status after it raised $30 million in a fresh funding round led by Kingsway Capital. Other venture capital firms that participated in the seed funding round included Animoca Brands, Blockchain.com, Hashed, and Shima Capital.
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Crypto Startups Turbocharge Valuations as Investment Picks Up
Crypto startups are putting valuations in the fast lane with an aggressive form of fundraising that reflects the digital-asset industry’s recovery as well as a desire among venture funds to put money to work.
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Elon Musk Says His AI Startup xAI's Grok Chatbot Will Go Open-Source
Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger "Grok" this week, days after he sued OpenAI for abandoning its original mission in favor of a for-profit model.
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National Startup Day: CoinDCX Chief Posts Earnest Appeal to India’s Govt, Web3 Community
India observes January 16 as National Startup Day. In an earnest appeal to the government of India as well as its crypto community, CoinDCX’s Sumit Gupta has urged the government to reduce the one percent TDS levied on all crypto transactions.
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Hotel Prices Soar During World Cup Final, Startup Offers Unique Solution
Wakefit is offering a chance for a few lucky fans to transform their night after the World Cup Final Match into a "memorable snoozefest".
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Ola, Uber And Dunzo Among Worst Platforms For Gig Workers: Survey
BigBasket has claimed the top spot, while ride-hailing giants Uber and Ola, along with logistics startup Porter, have been rated as the least favourable platforms for gig workers, as per a study by research firm Fairwork India.
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Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Takeover: Report
Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 billion, the Wall Street Journal reported on Tuesday.
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Indian EV Charging Startup Exponent Eyes Funding to Grow Rapid Business
Exponent Energy, an Indian rapid charging startup, is in talks with new and existing investors to raise money to expand its energy services business to three-wheeled passenger vehicles and buses, its chief executive told Reuters in an interview. The electric vehicle batteries can be fully charged in 15 minutes using its rapid charger.
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India Startup Festival To Be Held In Bengaluru With Focus On Rural Empowerment
More than 10,000 startups from Indian, the UK and Japan will take part in ISF. About 500 investors are also expected to be present.
