In a rapidly evolving tech landscape, Indian startups are dedicated to democratizing artificial intelligence (AI) through innovative infrastructure. Pioneering efforts like People+AI and Open Cloud Compute are setting the stage for broader AI access, inspired by India’s digital public infrastructure (DPI).
Tanuj Bhojwani, a key figure behind People+AI, reflects on his journey from attempting to…
Oister Global, a Gurugram-based investment firm, has partnered with Tribe Capital India to launch a new fund focused on secondary market transactions. This fund aims to invest $500 million over the next two years as interest in secondary private market transactions in India continues to rise.
In the past four to five years, India has seen $7.7 billion transacted in the secondary market, according…
In a significant move towards sustainable transportation, myTVS, part of the $3 billion TVS Mobility Group, has officially launched its Mobility-as-a-Service (MaaS) platform, specifically designed for last-mile electric vehicle (EV) fleet operators across India. This innovative platform aims to provide comprehensive vehicle management services, positioning myTVS as a key player in optimizing EV…
In a strategic move to enhance its capabilities in AI and digital transformation, Xebia has appointed Preetpal Singh as the Group Managing Director of Product & Platform Engineering. Based in Atlanta, Georgia, Singh will lead the company’s global service strategy, focusing on integrating artificial intelligence across its diverse portfolio.
A Visionary Leader with Proven Expertise
Preetpal Singh…
In a significant move to boost India’s automotive technology landscape, SiliconAuto, a joint venture between Foxconn and Stellantis NV, has inaugurated a research and development center in Bengaluru. This facility will specialize in semiconductor design and system-on-chip development specifically for electric vehicles (EVs) and autonomous driving technologies.
A New Era in Automotive…
India is intensifying its efforts to regulate the online gaming sector by seeking oversight from the Financial Action Task Force (FATF). The move aims to incorporate online gaming companies into the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) frameworks to mitigate the risks of financial crimes.
Government’s Objectives and Strategies
According to a report by The…
startup Qure AI has successfully raised $65 million in a Series D funding round led by Lightspeed Venture Partners and 360 ONE Asset Management. This significant capital infusion aims to enhance Qure AI’s innovative solutions that utilize artificial intelligence to improve disease detection and management.
Major Investors and Strategic Goals
The funding round also saw participation from notable…
In a significant development for the artificial intelligence landscape, Mukesh Bansal, the founder of Myntra and Cultfit, has launched a new venture, Nurix AI, which has successfully raised $27.5 million in one of the largest seed funding rounds to date. The round was co-led by Accel and General Catalyst, two prominent venture capital firms, and aims to fuel the development of custom AI solutions…
Xiaomi has formally requested that India’s antitrust authority, the Competition Commission of India (CCI), withdraw its recent report on Flipkart, claiming it contains sensitive company data, including model-wise sales figures.
In a letter, Xiaomi urged the CCI to mandate the return and destruction of the report by parties who accessed it, suggesting that a new version be issued with redacted…
A recent profile in the Financial Times highlights SoftBank CEO Masayoshi Son’s journey from a low point to a potential comeback. Once feeling disheartened by the losses from the Vision Fund’s investments, such as WeWork, Son candidly reflected on his past, admitting, “I have done nothing I can be proud of.”
Following a series of high-profile failures and a significant drop in SoftBank’s…
