Microsoft CEO Nadella on AI LLM race: ‘We are waiting for competition to arrive’
[ad_1] Microsoft’s prescient bets and aggressive investments in AI have propelled the software giant to become the world’s most valuable company. Yet Satya Nadella, its typically reserved chief executive, couldn’t…
Read More »India’s Paytm is in flux
[ad_1] Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last week…
Read More »Byju’s says investors don’t have voting right to remove founder from edtech group
[ad_1] Following months of behind-the-scenes conflict, Byju’s and some of its biggest investors are now airing their complaints about one another publicly. Byju’s, once India’s most valuable startup, said Friday…
Read More »Indian central bank’s clampdown wipes $2.1 billion off Paytm
[ad_1] Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from the clampdown by the central…
Read More »Flipkart co-founder Binny Bansal leaves board
[ad_1] Flipkart co-founder Binny Bansal has resigned from the e-commerce group’s board, the two said Saturday. Sachin Bansal, the Bengaluru-headquartered startup’s other co-founder, left the board in 2018 after scuffle…
Read More »Ola founder’s Krutrim becomes India’s first AI unicorn
[ad_1] Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, said it has raised a funding round that values it at $1 billion. The startup, founded last year, is…
Read More »Byju’s seeks new funding at less than $2 billion valuation, a 90% drop
[ad_1] Byju’s, once valued at $22 billion, is willing to cut its valuation to below $2 billion as it hunts for new funding, a person familiar with the matter told…
Read More »China quietly pulls draft gaming rules from website
[ad_1] Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the…
Read More »‘Sign from the lord’: Sony tells Zee it’s terminating the $10 billion India merger
[ad_1] Sony called off the merger between its India unit and Zee Entertainment on Monday, ending a two-year acquisition deliberation that would have created a $10 billion media powerhouse in…
Read More »General Catalyst eyes VC deal in India push
[ad_1] General Catalyst, one of the largest U.S. venture capital firms, is in talks to acquire an India-focused VC as part of efforts to expand its presence in the fast-growing…
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