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443 articles found
Digital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2.5 billion, according to people familiar with the matter. Appointing top investment banks, the company plans to file its prospectus by June. Acko, founded by Varu
South Korea and Google are set to build a new artificial intelligence campus in Seoul. This collaboration aims to foster cooperation between Google and local engineers and startups. The initiative includes plans for training and internships. Google also expressed interest in deepening partnerships w
OpenAI CEO Sam Altman has revealed five core principles guiding the development of artificial general intelligence. These principles aim to ensure AGI benefits everyone. They focus on making AI accessible to many, empowering individuals, fostering universal prosperity, building resilience against ri
IIT-Madras has achieved a significant milestone in deep-tech entrepreneurship. The institute incubated over 100 startups for the second year running. This success builds on previous achievements. IIT Madras also filed 431 patents during the financial year. This demonstrates strong research translati
China's NDRC has blocked Meta's $2 billion acquisition of AI firm Manus, citing "laws and regulations." This move signals Beijing's intent to prevent the outflow of its top AI talent and technology, even after companies "Singapore-wash" to access foreign capital.
Microsoft's exclusive hold on OpenAI's artificial intelligence models is over. This change allows OpenAI to offer its technology to competitors like Amazon and Google. Microsoft will still be OpenAI's main cloud partner and has licensing rights until 2032. This development impacts the ongoing artifi
Governments globally are gearing up to use AI extensively in the coming year. However, many are finding it difficult to move beyond initial tests. This is due to issues with data integration, a lack of skilled workers, and cybersecurity concerns. Most government technology budgets are still spent on
India is embracing STEM education to prepare for a future shaped by automation and digitalization. New roles combining technology and human creativity are emerging. Focusing on STEM skilling will boost India's economic advantage and drive sustainable growth. This initiative aims to equip youth for e
Overview Energy is developing a system that can collect solar energy in space and beam it to facilities on the ground for power generation around the clock. Initial orbital demonstration of the system is expected in 2028, with commercial power delivery in 2030, the companies said.
A major legal battle is unfolding between Elon Musk and AI giant OpenAI. Internal documents, including a co-founder's diary, are central to the case. Musk claims OpenAI, led by Sam Altman, abandoned its nonprofit mission for profit. The trial could impact OpenAI's IPO plans and public perception of
South Africa's initial national AI policy has been shelved following alarming findings that it included fictitious citations, likely produced through AI technologies. Minister Solly Malatsi voiced his concerns about the authenticity of the draft, stressing the critical need for human supervision in
A high-stakes federal trial begins Monday with Elon Musk suing OpenAI's Sam Altman and Greg Brockman for over $130 billion, alleging betrayal of the company's nonprofit mission. Musk seeks their removal from leadership roles. OpenAI, valued at $850 billion, dismisses the suit as baseless. Key figure
Fintech firm One MobiKwik Systems has secured approval from the Reserve Bank of India for a non-banking financial company (NBFC) license. This allows the company to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offerings to consumers and small businesses, particul
Zoho founder Sridhar Vembu calls for Indian professionals in the US to return home. He emphasizes that India's global respect and prosperity depend on its technological strength. Vembu believes this talent is crucial for guiding India's youth towards a prosperous future. He urges a missionary zeal f
Amazon Now is rapidly expanding its quick commerce services to 100 Indian cities, boosting its micro-fulfillment centers to over 1,000. This strategic move, backed by a significant investment, aims to enhance delivery speed and selection, directly competing with rivals in the fast-paced online groce
Digital lending platform Kissht is preparing for its initial public offering. The IPO is scheduled to launch on April 30. Kissht aims to raise Rs 926 crore through this offering. The company has set a price band of Rs 162 to Rs 171 per share.
Global electronics face rising costs as Middle East conflict disrupts key material supplies. Printed circuit board prices have surged, impacting everything from smartphones to AI servers. Manufacturers are scrambling for components, anticipating further price hikes due to strong demand and limited a
Digital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2.5 billion, according to people familiar with the matter. Appointing top investment banks, the company plans to file its prospectus by June. Acko, founded by Varu