Venture Intelligence

Meta, the parent company of Facebook, is making big moves to amp up its artificial intelligence team.Reportsreveal that CEO Mark Zuckerberg is personally reaching out to experts from rival companies like Google's DeepMind to join Meta's AI ventures

Elon Musk’s artificial intelligence (AI) venture, xAI, made its large language model (LLM) Grok-1 available in open source on March 17. Last week, the billionaire revealed on his social media platform X (formerly known as Twitter) that the AI chatbot will be open-sourced. Now, it is available for researchers and developers.

Google DeepMind scientists are said to be in talks with investors about forming an AI startup in Paris. The scientists are said to have held discussions with potential investors about a financing round that may exceed EUR 200 million (roughly Rs. 1,800 crore). The purported venture may be focused on building a new AI model.

Sam Altman, the just ousted CEO of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence (AI) venture, a person briefed on the matter said on Saturday.

Wipro said on Wednesday it planned to invest $1 billion (roughly Rs. 8,231 crore) into artificial intelligence (AI) over the next three years. The India-based IT company aims to train its entire 2.5 lakh employees in artificial intelligence and integrate the technology into its product offerings.

AI-focussed Web3 startup Olympix has raised $4.3 million (roughly Rs. 35 crore) in a seed funding round. With the craze around AI picking pace around the world, industry members from the Web3 sector are pacing to integrate the technology with blockchain. Venture capitalists are also rooting for this combination given the millions they are pouring o...

Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.

The new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving.

Rain Neuromorphics, a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, said it raised $25 million (roughly Rs. 187 crore).

The new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving.

Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.

Amazon.com Inc has invested Rs. 700 crores ($95.51 million) in its Indian payments unit, ahead of the festive season, data from business intelligence firm Tofler showed.

Microsoft's venture arm, M12, just announced it's leading an $11 million Series A funding round for Nautilus Labs, a New York startup that uses artificial intelligence for fuel efficiency on ships.

Hyundai Cradle, Hyundai Motor Co's corporate venture business, said on Monday it invested in allegro.ai, an Israeli company specializing in deep learning-based computer vision. Financial details were not disclosed. Hyundai said the partnership with allegro.ai will allow it to speed up deployment of artificial intelligence technology in many busines...

The company is also working in partnership with other domestic and international companies that possess robotic and artificial intelligence technology. he first H-CEX was developed for industrial use. It is a knee-joint protective device that helps maintain a worker's sitting position.

Meta, the parent company of Facebook, is making big moves to amp up its artificial intelligence team.Reportsreveal that CEO Mark Zuckerberg is personally reaching out to experts from rival companies like Google's DeepMind to join Meta's AI ventures

Elon Musk’s artificial intelligence (AI) venture, xAI, made its large language model (LLM) Grok-1 available in open source on March 17. Last week, the billionaire revealed on his social media platform X (formerly known as Twitter) that the AI chatbot will be open-sourced. Now, it is available for researchers and developers.

Google DeepMind scientists are said to be in talks with investors about forming an AI startup in Paris. The scientists are said to have held discussions with potential investors about a financing round that may exceed EUR 200 million (roughly Rs. 1,800 crore). The purported venture may be focused on building a new AI model.

Sam Altman, the just ousted CEO of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence (AI) venture, a person briefed on the matter said on Saturday.

Wipro said on Wednesday it planned to invest $1 billion (roughly Rs. 8,231 crore) into artificial intelligence (AI) over the next three years. The India-based IT company aims to train its entire 2.5 lakh employees in artificial intelligence and integrate the technology into its product offerings.

AI-focussed Web3 startup Olympix has raised $4.3 million (roughly Rs. 35 crore) in a seed funding round. With the craze around AI picking pace around the world, industry members from the Web3 sector are pacing to integrate the technology with blockchain. Venture capitalists are also rooting for this combination given the millions they are pouring o...

Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.

The new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving.

Rain Neuromorphics, a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, said it raised $25 million (roughly Rs. 187 crore).

The new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving.

Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.

Amazon.com Inc has invested Rs. 700 crores ($95.51 million) in its Indian payments unit, ahead of the festive season, data from business intelligence firm Tofler showed.

Microsoft's venture arm, M12, just announced it's leading an $11 million Series A funding round for Nautilus Labs, a New York startup that uses artificial intelligence for fuel efficiency on ships.

Hyundai Cradle, Hyundai Motor Co's corporate venture business, said on Monday it invested in allegro.ai, an Israeli company specializing in deep learning-based computer vision. Financial details were not disclosed. Hyundai said the partnership with allegro.ai will allow it to speed up deployment of artificial intelligence technology in many busines...

The company is also working in partnership with other domestic and international companies that possess robotic and artificial intelligence technology. he first H-CEX was developed for industrial use. It is a knee-joint protective device that helps maintain a worker's sitting position.