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Microsoft Is Key Holdout for OpenAI Restructuring Plan
OpenAI has walked back part of its effort to create a more conventional for-profit company. Microsoft, which has invested $13.75 billion (roughly Rs. 1,15,878 crore) in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure, according to several people familiar with the matter.
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Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Sam Altman Says 'No Thank You'
Elon Musk-led group of investors offered to purchase OpenAI's non-profit parent firm for $97.4 billion (roughly Rs. 8,46,576 crore). In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion (roughly Rs. 8,46,576 crore) if you want.
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OpenAI’s Trademark Filing Suggests Plans for AI Devices and Humanoid Robots
OpenAI might be planning to move to the hardware space and build artificial intelligence (AI) devices, including humanoid robots. The San Francisco-based AI firm filed a trademark application with the US Patent and Trademark Office (USPTO) last week and listed a large number of consumer gadgets that the company might build in the near future.
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Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
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How AI And Cloud Computing May Delay The Transition To Clean Energy
Investment bank Morgan Stanley projects the global data-centre industry will produce around 2.5 billion metric tons of carbon dioxide equivalent through the end of the decade, the equivalent of Russia's annual emissions.
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Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
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OpenAI, Google And Anthropic Are Struggling To Build More Advanced AI
The recent setbacks also raise doubts about the heavy investment in AI and the feasibility of reaching an overarching goal these companies are aggressively pursuing artificial general intelligence.
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"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
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Investment Management Firm VanEck to Invest in Crypto and AI Startups: Details
VanEck has introduced an investment fund for early-stage startups under the VanEck Ventures brand. The firm plans to invest $30 million (roughly Rs. 258 crore) into startups focused on crypto, blockchain, and AI.
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OpenAI Fires Back At Musk Over Altruism Versus Greed Lawsuit
Musk filed a complaint in August claiming that co-founders Sam Altman and Greg Brockman manipulated him into investing in the startup, which at the start was a nonprofit organization.
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IIM Alumnus' Post On Indians Spending 60% Retirement Savings On Child's Foreign Studies Sparks Discussion
A startup founder has sparked a discussion online over the high cost of studying abroad. "Education is no more affordable," said, Aviral Bhatnagar, Founder and Managing Partner of AJVC, a pre-seed fund investing in Indian startups.
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Lenovo To Make AI Servers In India As Nation's Tech Push Deepens
Lenovo's plans mark another win for India as Prime Minister Narendra Modi tries to attract more technology investment into the country.
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OpenAI Fundraising Set to Boost Startup’s Valuation to $150 Billion
OpenAI is in talks to raise $6.5 billion (roughly Rs. 54,587 crore) from investors at a valuation of $150 billion (roughly Rs. 12,59,714 crore). The funding round is slated to be led by Thrive Capital, Bloomberg previously reported.
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Musks AI Side Gig Should Keep Its Distance From Tesla
If Tesla were to now actually invest billions in xAI, and/or share revenue with it, the potential conflict of interest could hardly be clearer.
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OpenAI Co-Founder Sutskever's New Safety-Focused AI Startup SSI Raises $1 billion
The Company currently has 10 employees and plans to use funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israe
-
Microsoft Is Key Holdout for OpenAI Restructuring Plan
OpenAI has walked back part of its effort to create a more conventional for-profit company. Microsoft, which has invested $13.75 billion (roughly Rs. 1,15,878 crore) in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure, according to several people familiar with the matter.
-
Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Sam Altman Says 'No Thank You'
Elon Musk-led group of investors offered to purchase OpenAI's non-profit parent firm for $97.4 billion (roughly Rs. 8,46,576 crore). In response, OpenAI Chief Executive Officer Sam Altman posted on Musk’s X social-media platform: “No thank you but we will buy twitter for $9.74 billion (roughly Rs. 8,46,576 crore) if you want.
-
OpenAI’s Trademark Filing Suggests Plans for AI Devices and Humanoid Robots
OpenAI might be planning to move to the hardware space and build artificial intelligence (AI) devices, including humanoid robots. The San Francisco-based AI firm filed a trademark application with the US Patent and Trademark Office (USPTO) last week and listed a large number of consumer gadgets that the company might build in the near future.
-
Indian Startups Raise $240 Million In A Week, This City Leads In Funding Deals
During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds. Bengaluru emerged as the leader in startup funding, with 12 deals secured during the week.
-
How AI And Cloud Computing May Delay The Transition To Clean Energy
Investment bank Morgan Stanley projects the global data-centre industry will produce around 2.5 billion metric tons of carbon dioxide equivalent through the end of the decade, the equivalent of Russia's annual emissions.
-
Amazon Doubles Down on AI Startup Anthropic With Another $4 Billion
Amazon has invested another $4 billion into Anthropic, as the firm plans to captialise on a boom in generative AI technology. The e-commerce giant has doubled its investment in the OpenAI competitor, known for its GenAI chatbot Claude, but it will remain a minority investor in the firm.
-
OpenAI, Google And Anthropic Are Struggling To Build More Advanced AI
The recent setbacks also raise doubts about the heavy investment in AI and the feasibility of reaching an overarching goal these companies are aggressively pursuing artificial general intelligence.
-
"Excellent News": PM Modi Lauds Cabinet's Approval Of Rs 1,000-Crore Fund For Space Sector
The fund will be deployed over five years, with planned investments ranging from Rs 150 crore to Rs 250 crore annually based on startup needs.
-
Investment Management Firm VanEck to Invest in Crypto and AI Startups: Details
VanEck has introduced an investment fund for early-stage startups under the VanEck Ventures brand. The firm plans to invest $30 million (roughly Rs. 258 crore) into startups focused on crypto, blockchain, and AI.
-
OpenAI Fires Back At Musk Over Altruism Versus Greed Lawsuit
Musk filed a complaint in August claiming that co-founders Sam Altman and Greg Brockman manipulated him into investing in the startup, which at the start was a nonprofit organization.
-
IIM Alumnus' Post On Indians Spending 60% Retirement Savings On Child's Foreign Studies Sparks Discussion
A startup founder has sparked a discussion online over the high cost of studying abroad. "Education is no more affordable," said, Aviral Bhatnagar, Founder and Managing Partner of AJVC, a pre-seed fund investing in Indian startups.
-
Lenovo To Make AI Servers In India As Nation's Tech Push Deepens
Lenovo's plans mark another win for India as Prime Minister Narendra Modi tries to attract more technology investment into the country.
-
OpenAI Fundraising Set to Boost Startup’s Valuation to $150 Billion
OpenAI is in talks to raise $6.5 billion (roughly Rs. 54,587 crore) from investors at a valuation of $150 billion (roughly Rs. 12,59,714 crore). The funding round is slated to be led by Thrive Capital, Bloomberg previously reported.
-
Musks AI Side Gig Should Keep Its Distance From Tesla
If Tesla were to now actually invest billions in xAI, and/or share revenue with it, the potential conflict of interest could hardly be clearer.
-
OpenAI Co-Founder Sutskever's New Safety-Focused AI Startup SSI Raises $1 billion
The Company currently has 10 employees and plans to use funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israe
