AI Start-up

Moreover, UP has planned to develop India's first artificial intelligence city in Lucknow, and set up an exclusive fund for the emerging technology to boost the AI ecosystem and foster AI startups

In Q2 FY24, the total funds raised stood at $15 million across nine rounds, driven primarily by enterprise applications and Agentic AI

Perplexity had previously assured publishers it would stop using "crawling" technology, according to the letter. Despite this, NYT said its content still appears in Perplexity

The business head of Bhavish Aggarwal-founded artificial intelligence startup Krutrim AI, Ravi Jain, has quit, according to sources. Jain exited the company after putting in around three years, marking another high-profile exit from the Bengaluru-headquartered group this year. When contacted, the company declined to comment on the matter. Ola Krutrim is an AI startup, which has formed a series of strategic partnerships with global majors like Arm and Untether AI for the development of CPU and AI chips, platforms, and systems. In January 2024, Krutrim raised USD 50 million at a valuation of USD 1 billion in a funding round led by Matrix Partners. This made Krutrim the first artificial intelligence unicorn from India. Ola has seen several high-profile exits this year. Ola Cabs chief executive Hemant Bakshi left within three months of his appointment. In May, the chief financial officer of Ola Cabs and Ola Financial Services (Ola Mobility) Karthik Gupta, stepped down.

Collaboration to power AI startups, supercharge workforce skills, and drive MSME tech adoption

Mukund Jha is looking to secure funds from Together Fund for a Gen AI company aimed at automating quality assurance (QA) processes for businesses

Musk set up xAI in early 2023, months after OpenAI ushered in the AI boom with the launch of ChatGPT

The drop recorded for the April-June quarter this year was 91 per cent from the previous quarter and 82 per cent from the same period last year

Anandan also said India had the largest number of STEM graduates. "We just need to make sure we invest in them over a period of time"

Company says it will use money to expand in international markets and strengthen technology

Investors have poured $330 billion into about 26,000 AI and machine-learning startups over the past three years, according to PitchBook

Altman is rejoining the company's board following the findings

Mistral has announced a partnership with Microsoft, just like OpenAI and has also launched its own LLM

The funding was led Khosla Ventures, which was an early backer for Open AI, as well as Index Ventures and First Round Capital

Over the last 12 months, investors poured money into artificial intelligence startups, but the rest of the industry foundered.

Sarvam AI is building large language models targeted at unique uses in Indian languages, aimed at making apps available at price points that the country's 1.4 billion people can afford

As cyber threats escalate with internet growth, Onsurity introduces comprehensive coverage for SMEs, navigating risks and ensuring business resilience

The startup's main operations will be in Bengaluru, and it's headquartered in Singapore, where it's in stealth mode for now and will launch its offerings within months

three things companies need for these gains are improved data practices, trust in advanced AI, and AI integration with business operations

Centre will offer solutions for lowering costs, productivity, and customer experience: Company