Ai Start-up

Broadcom stock soars as company touts mega artificial intelligence demand

Big Tech's push to diversify beyond Nvidia's pricey and supply-constrained AI processors has been a windfall for Broadcom, which makes custom chips for major cloud companies

Uttar Pradesh: Over half of state's registered startups led by women

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

GenAI startups see 3.4x funding surge in September quarter: Nasscom

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

NYT sends AI startup Perplexity 'cease and desist' notice over content use

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

Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns

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.

Chenn.AI connected: Tamil Nadu now plugs into Google's AI mainframe

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

Dunzo co-founder Mukund Jha in talks to raise Rs 50-80 cr for new startup

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

Elon Musk's poll shows most want Tesla to invest $5 billion in startup xAI

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

Volatile market, policy issues cause a drop in India's AI startup funding

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

Lack of skilled researchers, not funding, a bigger problem for AI startups

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"

AI startup Myelin Foundry raises $4 mn in round led by SIDBI Venture Cap

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

Artificial intelligence startups face rough financial reality check

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

OpenAI's Sam Altman returns to company's board after probe clears him

Altman is rejoining the company's board following the findings

With Microsoft's support, this French co is gearing up to challenge OpenAI

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

Ex-Twitter CEO Parag Agrawal raises $30 million for new AI startup

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

Silicon Valley startups had their worst funding year since 2019, shows data

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

Minuscule AI startup raises $41 million to tap growth in Indian market

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

Onsurity helping businesses insure against rising digital threats

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

Billionaire Flipkart founder Bansal ready to launch stealth AI startup

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

Companies can add $460 bn to profits with better AI implementation: Study

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