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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.
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AI Search Startup Perplexity In Talks For $9 Billion Valuation
The new valuation, which includes the amount the company would raise, could triple its previous value of $3 billion from a funding round earlier this year.
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Former OpenAI CTO Mira Murati Said to Be Raising Capital for New AI Startup
Mira Murati is said to be raising funds from venture capitalists for a new AI startup. The former OpenAI CTO, who spent over six years spearheading transformative projects like ChatGPT and DALL-E, is looking to build AI products based on proprietary models. It is not clear if Murati will assume the CEO role at the new venture.
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Investment Management Firm VanEck to Invest in Crypto and AI Startups: Details
VanEck has introduced an investment fund for early-stage startups under the VanEck Ventures brand. The firm plans to invest $30 million (roughly Rs. 258 crore) into startups focused on crypto, blockchain, and AI.
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OpenAI Raises $6.6 Billion In Funds At $157 Billion Value
In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.
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Bengaluru Startup CEO Reveals Co-Founder's Intense Work Routine: "Coding Until 2 am"
The CEO acknowledged that this level of commitment isn't typical, but emphasized that startup life, especially without external funding, demands pushing boundaries.
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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...
-
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.
-
"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.
-
AI Search Startup Perplexity In Talks For $9 Billion Valuation
The new valuation, which includes the amount the company would raise, could triple its previous value of $3 billion from a funding round earlier this year.
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Former OpenAI CTO Mira Murati Said to Be Raising Capital for New AI Startup
Mira Murati is said to be raising funds from venture capitalists for a new AI startup. The former OpenAI CTO, who spent over six years spearheading transformative projects like ChatGPT and DALL-E, is looking to build AI products based on proprietary models. It is not clear if Murati will assume the CEO role at the new venture.
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Investment Management Firm VanEck to Invest in Crypto and AI Startups: Details
VanEck has introduced an investment fund for early-stage startups under the VanEck Ventures brand. The firm plans to invest $30 million (roughly Rs. 258 crore) into startups focused on crypto, blockchain, and AI.
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OpenAI Raises $6.6 Billion In Funds At $157 Billion Value
In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.
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Bengaluru Startup CEO Reveals Co-Founder's Intense Work Routine: "Coding Until 2 am"
The CEO acknowledged that this level of commitment isn't typical, but emphasized that startup life, especially without external funding, demands pushing boundaries.
