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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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‘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…

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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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