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Tether Backs Arcanum Capital’s Web3 Fund With $2 Million Investment
Tether has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, and other Web3 sectors.
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Sony to Become Top Shareholder of FromSoftware Parent Kadokawa
Through the capital alliance, Sony and Kadokawa plan to strengthen their collaboration, such as joint investments in the content field.
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SEBI Cracks Down On YouTuber Ravindra Balu Bharti, Orders Him To Pay Rs 9.5 Crore
Capital markets regulator Securities and Exchange Board of India (SEBI) has taken action against YouTuber Ravindra Balu Bharti and his company, Ravindra Bharti Education Institute, for operating an unregistered investment advisory business.
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Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
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Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
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"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
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Time Ripe To Join India's Growth Story: PM Modi To German Business Delegation
Prime Minister Narendra Modi today said this is the right time to join India's growth story, as German Chancellor Olaf Scholz met the Prime Minister in the national capital with a business delegation.
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OpenAI Sees $11.6 Billion Revenue Next Year, Said to Offer Thrive Chance to Invest Again in 2025
OpenAI is said to predict that its revenue will skyrocket to $11.6 billion in 2025, up from an estimated $3.7 billion this year. The AI firm is also said to offer Thrive Capital the opportunity to invest another $1 billion next year at the same valuation if OpenAI hits a revenue goal.
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OpenAI Fundraising Set to Boost Startup’s Valuation to $150 Billion
OpenAI is in talks to raise $6.5 billion (roughly Rs. 54,587 crore) from investors at a valuation of $150 billion (roughly Rs. 12,59,714 crore). The funding round is slated to be led by Thrive Capital, Bloomberg previously reported.
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OpenAI Co-Founder Sutskever's New Safety-Focused AI Startup SSI Raises $1 billion
The Company currently has 10 employees and plans to use funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israe
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CoinSwitch Launches New Service for High Networth Individuals Owing to User Demands: Details
Indian exchange CoinSwitch has announced a new service that's been designed to cater to high networth individuals (HNIs). In conversation with Gadgets360, CoinSwitch’s Business Head, Balaji Srihari said that the recent approval of crypto exchange traded funds (ETFs) in the US has sparked institutional interest in crypto investments.
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Nvidia Discusses Joining OpenAI's Latest Funding Round
Apple Inc. and Microsoft Corp. also have been in talks about participating in the financing that is led by Thrive Capital, which is investing about $1 billion
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OpenAI In Talks To Raise Funding At Over $100 Billion Valuation, WSJ Reports
he funding round is expected to be led by venture capital firm Thrive Capital, which is poised to invest approximately $1 billion
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Crypto Startups Bagged Over $2 Billion in Funding Across 503 Deals in Q2 2024: PitchBook
The latest report by PitchBook states that a total of $2.7 billion were invested into crypto startups between April and June this year. This amount is 2.5 percent higher than what was fetched by crypto startups between January and March.
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Microsoft Says Delta Airlines' Lack of Modernised IT Delayed its Recovery After Recent Outage
Microsoft has said that Delta, unlike its competitors, apparently had not modernised its IT infrastructure that caused the airlines to struggle with recovery. Delta, however, said it has invested billions of dollars in IT capital expenditures since 2016.
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Tether Backs Arcanum Capital’s Web3 Fund With $2 Million Investment
Tether has poured in $2 million (roughly Rs. 17 crore) into Arcanum Capital’s Emerging Technologies Fund II. Arcanum is a Web3-focussed asset management company that provides funding to emerging projects related to blockchain, cryptocurrency, and other Web3 sectors.
-
Sony to Become Top Shareholder of FromSoftware Parent Kadokawa
Through the capital alliance, Sony and Kadokawa plan to strengthen their collaboration, such as joint investments in the content field.
-
SEBI Cracks Down On YouTuber Ravindra Balu Bharti, Orders Him To Pay Rs 9.5 Crore
Capital markets regulator Securities and Exchange Board of India (SEBI) has taken action against YouTuber Ravindra Balu Bharti and his company, Ravindra Bharti Education Institute, for operating an unregistered investment advisory business.
-
Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
-
Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
-
"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
-
Time Ripe To Join India's Growth Story: PM Modi To German Business Delegation
Prime Minister Narendra Modi today said this is the right time to join India's growth story, as German Chancellor Olaf Scholz met the Prime Minister in the national capital with a business delegation.
-
OpenAI Sees $11.6 Billion Revenue Next Year, Said to Offer Thrive Chance to Invest Again in 2025
OpenAI is said to predict that its revenue will skyrocket to $11.6 billion in 2025, up from an estimated $3.7 billion this year. The AI firm is also said to offer Thrive Capital the opportunity to invest another $1 billion next year at the same valuation if OpenAI hits a revenue goal.
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OpenAI Fundraising Set to Boost Startup’s Valuation to $150 Billion
OpenAI is in talks to raise $6.5 billion (roughly Rs. 54,587 crore) from investors at a valuation of $150 billion (roughly Rs. 12,59,714 crore). The funding round is slated to be led by Thrive Capital, Bloomberg previously reported.
-
OpenAI Co-Founder Sutskever's New Safety-Focused AI Startup SSI Raises $1 billion
The Company currently has 10 employees and plans to use funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israe
-
CoinSwitch Launches New Service for High Networth Individuals Owing to User Demands: Details
Indian exchange CoinSwitch has announced a new service that's been designed to cater to high networth individuals (HNIs). In conversation with Gadgets360, CoinSwitch’s Business Head, Balaji Srihari said that the recent approval of crypto exchange traded funds (ETFs) in the US has sparked institutional interest in crypto investments.
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Nvidia Discusses Joining OpenAI's Latest Funding Round
Apple Inc. and Microsoft Corp. also have been in talks about participating in the financing that is led by Thrive Capital, which is investing about $1 billion
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OpenAI In Talks To Raise Funding At Over $100 Billion Valuation, WSJ Reports
he funding round is expected to be led by venture capital firm Thrive Capital, which is poised to invest approximately $1 billion
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Crypto Startups Bagged Over $2 Billion in Funding Across 503 Deals in Q2 2024: PitchBook
The latest report by PitchBook states that a total of $2.7 billion were invested into crypto startups between April and June this year. This amount is 2.5 percent higher than what was fetched by crypto startups between January and March.
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Microsoft Says Delta Airlines' Lack of Modernised IT Delayed its Recovery After Recent Outage
Microsoft has said that Delta, unlike its competitors, apparently had not modernised its IT infrastructure that caused the airlines to struggle with recovery. Delta, however, said it has invested billions of dollars in IT capital expenditures since 2016.
