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Elon Musk's Social Media Firm X Bought by His AI Company, Valued at $33 Billion
Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion (roughly Rs. 2,82,447 crore). Much of the deal's specifics remain unclear, such as how X's leaders would be integrated in the new firm or whether there would be regulatory scrutiny.
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India Ranks 2nd After US In Funding Women-Led Tech Startups: Report
In total, these startups have raised a funding of $26.4 billion, with the highest fund coming in the year 2021 ($6.3 billion).
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Home-Grown Startup Lumio Announces Foray Into India’s 4K Smart TV Market Backed by Flipkart, Xiaomi Officials
Lumio, a home-grown consumer technology startup from Circuit House Technologies founded by former Xiaomi and Flipkart officials has announced its foray into India’s home entertainment space. The brand says it will soon introduce its range of 4K smart TVs in collaboration with Google, Dixon Technologies, and Amazon India with the aim of changing c...
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Former OpenAI CTO Mira Murati Launches AI Startup, Poaching Staff From ChatGPT Maker
Former OpenAI chief technology officer Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30 leading researchers and engineers from competitors including OpenAI, Meta and Mistral.
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Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
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Budget 2025: Tech in Focus With Framework for GCCs, New 'Fund of Funds' for startups, CoE for AI
Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), a Rs 500-crore Centre of Excellence in AI for education, and a deep tech 'Fund of Funds' in the Union Budget. The framework will guide states in promoting GCCs in Tier-2 cities, enhancing talent and infrastructure, building byelaw reforms, and f...
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Sam Altman-Backed Startup Raises $425 Million To Build World's 1st Nuclear Fusion Power Plant
With the latest round of funding, Helion has raised over $1 billion in capital since it was founded in 2013.
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OpenAI Seeking $40 Billion In New Fundraising Round: Report
OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.
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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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Amazon-Backed Anthropic To Raise $2 Billion At $60 Billion Evaluation
The new funding, $6 billion in total, will mark a jump in valuation (up from $18 Billion last year) for Anthropic, a major competitor of OpenAI in the foundation model space.
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Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity.
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US Space Startup Firefly Aerospace Valued At Over $2 Billion In Latest Funding Round
Firefly Aerospace has raised $175 million in a late-stage funding round led by RPM Ventures, valuing the space startup at more than $2 billion, it said on Tuesday.
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Nothing Exploring Development of Own Mobile OS as Android Alternative, Carl Pei Says
Nothing is exploring the development of its own mobile operating system, according to a statement from Nothing CEO and founder Carl Pei at TechCrunch Disrupt. The company's devices currently run on Google's Android system, like smartphones from most companies except Huawei and Apple.
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Elon Musk's xAI Aims For $40 Billion Valuation As Grok Challenges ChatGPT
Elon Musk's AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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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.
![Gadgets 360 With Technical Guruji: Did You Know? [June 1, 2024]](https://c.ndtvimg.com/2024-06/laj0n57g_did-you-know_640x480_01_June_24.jpg?downsize=245:163 "Gadgets 360 With Technical Guruji: Did You Know? [June 1, 2024]")
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Elon Musk's Social Media Firm X Bought by His AI Company, Valued at $33 Billion
Elon Musk's xAI has acquired X in a deal that values the social media platform at $33 billion (roughly Rs. 2,82,447 crore). Much of the deal's specifics remain unclear, such as how X's leaders would be integrated in the new firm or whether there would be regulatory scrutiny.
-
India Ranks 2nd After US In Funding Women-Led Tech Startups: Report
In total, these startups have raised a funding of $26.4 billion, with the highest fund coming in the year 2021 ($6.3 billion).
-
Home-Grown Startup Lumio Announces Foray Into India’s 4K Smart TV Market Backed by Flipkart, Xiaomi Officials
Lumio, a home-grown consumer technology startup from Circuit House Technologies founded by former Xiaomi and Flipkart officials has announced its foray into India’s home entertainment space. The brand says it will soon introduce its range of 4K smart TVs in collaboration with Google, Dixon Technologies, and Amazon India with the aim of changing c...
-
Former OpenAI CTO Mira Murati Launches AI Startup, Poaching Staff From ChatGPT Maker
Former OpenAI chief technology officer Mira Murati launched an AI startup called Thinking Machines Lab on Tuesday, with a team of about 30 leading researchers and engineers from competitors including OpenAI, Meta and Mistral.
-
Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
-
Budget 2025: Tech in Focus With Framework for GCCs, New 'Fund of Funds' for startups, CoE for AI
Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), a Rs 500-crore Centre of Excellence in AI for education, and a deep tech 'Fund of Funds' in the Union Budget. The framework will guide states in promoting GCCs in Tier-2 cities, enhancing talent and infrastructure, building byelaw reforms, and f...
-
Sam Altman-Backed Startup Raises $425 Million To Build World's 1st Nuclear Fusion Power Plant
With the latest round of funding, Helion has raised over $1 billion in capital since it was founded in 2013.
-
OpenAI Seeking $40 Billion In New Fundraising Round: Report
OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.
-
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.
-
Amazon-Backed Anthropic To Raise $2 Billion At $60 Billion Evaluation
The new funding, $6 billion in total, will mark a jump in valuation (up from $18 Billion last year) for Anthropic, a major competitor of OpenAI in the foundation model space.
-
Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity.
-
US Space Startup Firefly Aerospace Valued At Over $2 Billion In Latest Funding Round
Firefly Aerospace has raised $175 million in a late-stage funding round led by RPM Ventures, valuing the space startup at more than $2 billion, it said on Tuesday.
-
Nothing Exploring Development of Own Mobile OS as Android Alternative, Carl Pei Says
Nothing is exploring the development of its own mobile operating system, according to a statement from Nothing CEO and founder Carl Pei at TechCrunch Disrupt. The company's devices currently run on Google's Android system, like smartphones from most companies except Huawei and Apple.
-
Elon Musk's xAI Aims For $40 Billion Valuation As Grok Challenges ChatGPT
Elon Musk's AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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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.
