Tag: startup
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UK government, Bezos back CuspAI’s $450 million round as startup seeks to discover new materials
July 20 : Britain’s CuspAI said on Monday it has raised $450 million from investors including the UK government and Amazon founder Jeff Bezos’ investment fund, as the startup looks to discover brand-new materials that could advance important industries, including chips. CuspAI also launched AI Materials Foun
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Business risk versus criminal conduct: Indonesia court case linked to failed start-up stirs debate
Experts and industry insiders say Indonesia’s venture capital firms will be more risk-averse after former executives of two government-backed investment firms were sentenced to jail for their decision to invest in a now-defunct agritech pioneer.
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Qualcomm to buy startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
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Qualcomm to buy AI startup Modular for $4 billion in AI software push
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs AI models across chips without having to write code for each processor. Buying Modular pits Qualcomm against CUDA, the software platform t
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Kunal Shah: The Indian entrepreneur taking charge of WhatsApp
Kunal Shah has been a recognisable figure in India’s startup ecosystem for a while but now he faces global spotlight.
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AI startup Reflection signs computing power deal with SpaceX
June 22 : Reflection AI said on Monday it has signed a deal with SpaceX that will grant the startup access to additional computing capacity at the Elon Musk-led company’s Colossus 2 data center.Under the agreement, the open-source AI startup will get immediate access to Nvidia GB300s, AI chips used to train a
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India’s HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
June 15 : India’s HCLTech said on Monday it will acquire a 10.5 per cent stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm’s Series B round as a strategic investor.Sarvam was valued at $1.5 billion in the round, which raised $234 million in i
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AI music startup Suno raises funding at $5.4 billion valuation
June 3 : Suno said on Wednesday it has raised more than $400 million in a funding round at a $5.4 billion valuation, as the AI music startup looks to enhance its platform by creating new tools.Here are some details:• The Massachusetts-based startup, which allows users to generate songs via AI prompts
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