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SoftBank Said to Be in Talks to Invest Up to $25 Billion Into OpenAI
SoftBank could invest $15 billion (roughly Rs. 1,29,880 crore) to $25 billion (roughly Rs. 2,16,450 crore) directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, a person familiar with the matter has said.
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Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
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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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Key Abu Dhabi Fund, Sri Lanka Port Authority, Tanzanian Government Reaffirm Support For Adani Group
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged
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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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Oura Partners With Dexcom to Bring Glucose Monitoring Data to Oura Smart Ring Owners
Oura and Dexcom have announced a strategic partnership to integrate blood sugar monitoring features in its smart ring application. Users will be able to get a better overview of their overall health metrics by combining Dexcom glucose data with the biometrics collected by the smart ring.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
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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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India Invests Up To 4.6% Of GDP In Education From 2015 To 2024: UNESCO
Recent reports from the UNESCO Institute for Statistics on global education funding indicate that India's government spending on education ranged from 13.5% to 17.2% of its total public expenditure during the same timeframe.
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Meta To Face Lawsuits In Japan Over Fake Ads
Facebook and Instagram owner Meta Platforms Inc. will face fresh lawsuits in Japan over advertisements that fraudulently solicited investment funds with fake endorsements from celebrities, local media reported.
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NDTV World Summit: When Is Groww IPO Expected? CEO Lalit Keshre Answers
Mutual funds remain the most attractive investment tool for retail investors and a lot of innovation is happening in this area, said Groww co-founder and CEO Lalit Keshre at the NDTV World Summit on Tuesday.
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Global South's Biodiversity Gaps in Genomic Databases Pose Challenges for Conservation Efforts
The Global South is home to incredible biodiversity, yet its species are underrepresented in critical genomic databases used for conservation. Researchers, including Dr. Ethan Linck and Dr. Daniel Cadena, highlight the challenges faced by Southern researchers, including lack of funding and access to technology. They call for better collaborations a...
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Delhi Police Uncovers Renewable Energy Fraud; Binance Aids in Tracing Illicit Funds
In a new development, Binance revealed that it collaborated with Delhi Police to investigate a renewable energy fraud. As a result, 100,000 USDT, equivalent to Rs. 84 lakh, has been seized.
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Samsung Backs Scholarly AI Bot Serving Students and Academics
Liner has raised $29 million (roughly Rs. 243 crore) from investors in a Series B round with investors including LB Investment, as well as existing backers Capstone Partners and SL Investment alongside Samsung.
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JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
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SoftBank Said to Be in Talks to Invest Up to $25 Billion Into OpenAI
SoftBank could invest $15 billion (roughly Rs. 1,29,880 crore) to $25 billion (roughly Rs. 2,16,450 crore) directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, a person familiar with the matter has said.
-
Tron, Tether, and TRM Labs Unite via Financial Crime Unit T3, Freeze $126 Million in Illicit Funds
This week, Tron confirmed that the T3 unit successfully retrieved and froze $126 million (roughly Rs. 1,081 crore) in crime-related funds. Established by Tron, Tether, and TRM Labs, the T3 financial crime unit was created to combat the criminal misuse of USDT on the Tron network.
-
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.
-
Key Abu Dhabi Fund, Sri Lanka Port Authority, Tanzanian Government Reaffirm Support For Adani Group
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged
-
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.
-
Oura Partners With Dexcom to Bring Glucose Monitoring Data to Oura Smart Ring Owners
Oura and Dexcom have announced a strategic partnership to integrate blood sugar monitoring features in its smart ring application. Users will be able to get a better overview of their overall health metrics by combining Dexcom glucose data with the biometrics collected by the smart ring.
-
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
"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.
-
India Invests Up To 4.6% Of GDP In Education From 2015 To 2024: UNESCO
Recent reports from the UNESCO Institute for Statistics on global education funding indicate that India's government spending on education ranged from 13.5% to 17.2% of its total public expenditure during the same timeframe.
-
Meta To Face Lawsuits In Japan Over Fake Ads
Facebook and Instagram owner Meta Platforms Inc. will face fresh lawsuits in Japan over advertisements that fraudulently solicited investment funds with fake endorsements from celebrities, local media reported.
-
NDTV World Summit: When Is Groww IPO Expected? CEO Lalit Keshre Answers
Mutual funds remain the most attractive investment tool for retail investors and a lot of innovation is happening in this area, said Groww co-founder and CEO Lalit Keshre at the NDTV World Summit on Tuesday.
-
Global South's Biodiversity Gaps in Genomic Databases Pose Challenges for Conservation Efforts
The Global South is home to incredible biodiversity, yet its species are underrepresented in critical genomic databases used for conservation. Researchers, including Dr. Ethan Linck and Dr. Daniel Cadena, highlight the challenges faced by Southern researchers, including lack of funding and access to technology. They call for better collaborations a...
-
Delhi Police Uncovers Renewable Energy Fraud; Binance Aids in Tracing Illicit Funds
In a new development, Binance revealed that it collaborated with Delhi Police to investigate a renewable energy fraud. As a result, 100,000 USDT, equivalent to Rs. 84 lakh, has been seized.
-
Samsung Backs Scholarly AI Bot Serving Students and Academics
Liner has raised $29 million (roughly Rs. 243 crore) from investors in a Series B round with investors including LB Investment, as well as existing backers Capstone Partners and SL Investment alongside Samsung.
-
JioFinance App With UPI, Utility Payments and Loan Functionality Launched in India
The JioFinance app was launched in India on Friday as a one-stop solution for financial essentials. It has been developed by Jio Financial Services Limited (JFSL), previously a subsidiary of Reliance Industries Limited. The app, which is now available widely for users in the country, offers facilities such as carrying out UPI transactions, monitori...
