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Coinbase, Animoca Brands Announce Web3 Accelerator Initiative in the UK
Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.
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How AI Cameras Warn Villagers About Presence Of Snow Leopards In PoK
The World Wide Fund for Nature (WWF) and Lahore University of Management Sciences (LUMS) have developed artificial intelligence (AI)-powered cameras to detect snow leopards and alert villagers to avoid the loss of livestock.
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Centre To Provide Major Part Of Startup Fund To Sectors Like New Age Tech, AI
The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) For startups to budding entrepreneurs in sectors such as new-age technology, AI, and machine building, an official said.
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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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OpenAI Close to Finalising $40 Billion SoftBank-Led Funding
OpenAI is close to finalising a $40 billion (roughly Rs. 3,43,265 crore) funding round. SoftBank will be leading this investment.
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Nvidia, Musk's xAI to Join Microsoft, BlackRock and MGX to Develop AI Infrastructure
Nvidia and Elon Musk's xAI have joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand US' AI infrastructure. The consortium renamed itself as AI Infrastructure Partnership on Wednesday.
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AI Set To Replace Humans In 4,000 Roles In Southeast Asia's Largest Bank
The International Monetary Fund (IMF) has warned that AI is likely to affect nearly 40% of all jobs worldwide.
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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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Meet Akash Bobba, Indian-Origin Engineer With Key Role In Elon Musk's DOGE
Before joining DOGE, Akash Bobba, 22, interned at Meta, Palantir, and the hedge fund Bridgewater Associates, working in AI, data analytics, and financial modelling.
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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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Microsoft, Meta Back Big AI Spending Despite DeepSeek's Low Costs
Microsoft and Meta's CEOs defended massive spending on AI efforts after China's DeepSeek launched an AI assistant, it claims is more data and cost-efficient compared to the AI models that have emerged from the US. The top executives of these big tech firms said funds were needed to stay competitive in the field.
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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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NDTV Explainer: How DeepSeek, Once A Stock Trader, Became A Major AI Player
DeepSeek, which started as a finance-focused hedge fund, has rapidly ascended to AI stardom with a powerful and cost-efficient model.
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Liang Wenfeng: All About The Brain Behind DeepSeek
In 2021, Liang Wenfeng started buying thousands of Nvidia chips as part of an AI side project, then launched DeepSeek in 2023.
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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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Coinbase, Animoca Brands Announce Web3 Accelerator Initiative in the UK
Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.
-
How AI Cameras Warn Villagers About Presence Of Snow Leopards In PoK
The World Wide Fund for Nature (WWF) and Lahore University of Management Sciences (LUMS) have developed artificial intelligence (AI)-powered cameras to detect snow leopards and alert villagers to avoid the loss of livestock.
-
Centre To Provide Major Part Of Startup Fund To Sectors Like New Age Tech, AI
The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) For startups to budding entrepreneurs in sectors such as new-age technology, AI, and machine building, an official said.
-
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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OpenAI Close to Finalising $40 Billion SoftBank-Led Funding
OpenAI is close to finalising a $40 billion (roughly Rs. 3,43,265 crore) funding round. SoftBank will be leading this investment.
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Nvidia, Musk's xAI to Join Microsoft, BlackRock and MGX to Develop AI Infrastructure
Nvidia and Elon Musk's xAI have joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand US' AI infrastructure. The consortium renamed itself as AI Infrastructure Partnership on Wednesday.
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AI Set To Replace Humans In 4,000 Roles In Southeast Asia's Largest Bank
The International Monetary Fund (IMF) has warned that AI is likely to affect nearly 40% of all jobs worldwide.
-
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.
-
Meet Akash Bobba, Indian-Origin Engineer With Key Role In Elon Musk's DOGE
Before joining DOGE, Akash Bobba, 22, interned at Meta, Palantir, and the hedge fund Bridgewater Associates, working in AI, data analytics, and financial modelling.
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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...
-
Microsoft, Meta Back Big AI Spending Despite DeepSeek's Low Costs
Microsoft and Meta's CEOs defended massive spending on AI efforts after China's DeepSeek launched an AI assistant, it claims is more data and cost-efficient compared to the AI models that have emerged from the US. The top executives of these big tech firms said funds were needed to stay competitive in the field.
-
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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NDTV Explainer: How DeepSeek, Once A Stock Trader, Became A Major AI Player
DeepSeek, which started as a finance-focused hedge fund, has rapidly ascended to AI stardom with a powerful and cost-efficient model.
-
Liang Wenfeng: All About The Brain Behind DeepSeek
In 2021, Liang Wenfeng started buying thousands of Nvidia chips as part of an AI side project, then launched DeepSeek in 2023.
-
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.
