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OpenAI, Broadcom Announce Partnership to Jointly Design and Develop AI Chips
OpenAI has entered a multi-year partnership with Broadcom to co-develop custom AI accelerators capable of delivering up to 10 gigawatts of computing power. Under the deal, OpenAI will design the chips while Broadcom handles fabrication and networking. The move marks OpenAI’s second hardware venture, following its collaboration with Jony Ive on an...
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Trump Signs Order To Put TikTok Under US Ownership, Says China Agreed
President Donald Trump has signed an executive order that he says will allow TikTok to continue operating in the United States in a way that meets national security concerns laid out by the law.
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Reddit Co-Founder Alexis Ohanian Joins Frank McCourt’s Bid for TikTok
Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's US operations. The former Los Angeles Dodgers owner and his partners submitted a bid for TikTok in early January, as a deadline approached that would require ByteDance to sell the app to a US owner or face a ban.
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OpenAI Partners Nvidia, Microsoft, SoftBank and Others for New 'Stargate Project' to Build AI Infrastructure
OpenAI announced the formation of a new company dubbed The Stargate Project on Tuesday. The new venture of the firm will focus on building artificial intelligence (AI) infrastructure in the US. The company announced that it will spend a total of $500 billion (roughly Rs. 43 lakh crore) to build the capacity.
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Nitin Gadkari Favours Majority Stake For Foreign Firms In Tunnel Construction
Gadkari said providing a majority stake to a foreign partner in the joint venture is necessary to ensure that only serious and technically qualified players bid for tunnel projects.
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Adani Green And TotalEnergies Form Joint Venture For Khavda Solar Projects
Adani Green Energy Limited (AGEL) and TotalEnergies have announced the formation of a joint venture (JV), equally owned by both partners, to manage a portfolio of 1,150 MW solar projects.
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Indian Blockchain Esports Firm Stan Raises Over $2 Million in Funding: Details
Stan has managed to raise an investment of $2.7 million (roughly Rs. 22 crore) from several investors, including CoinDCX Ventures and Coinswitch Ventures. The company disclosed this information in an official announcement shared on January 23. Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, General Catalyst, Climber Capital, and TDV Partners are...
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Walt Disney Said to Hold Initial Talks With Blackstone Over Stake in Disney+ Hotstar, TV Business in India
Disney has been exploring a sale or a joint venture partner for its digital and TV business in India.
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Vedanta Assures Investors Are Lined Up as Foxconn Withdraws From $19 Billion Deal
Taiwan's Foxconn has withdrawn from a semiconductor joint venture with mining baron Anil Agarwal's Vedanta as the venture struggled to get a technology partner to make chips that are used in mobile phones to refrigerators and cars. In a statement, Foxconn, the world's largest contract electronics maker, said it "has determined it will not move fo...
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Foxconn-Vedanta Deal Ends. Both Found New Partners, Say Sources: 10 Facts
Taiwan's Foxconn leaving a key $19.5 billion joint venture with Vedanta will not affect India's semiconductor programme, Union Minister Ashwini Vaishnaw told NDTV today. Foxconn in a statement said the decision to end the joint venture was mutual.
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Foxconn Quits $19 Billion Partnership With Vedanta: Explained In 5 Points
Taiwan's Foxconn has withdrawn from a $19.5 billion chip-making joint venture with Vedanta. Both have no prior semiconductor experience or technology, and were expected to source it from a technology partner, Union Minister Rajeev Chandrasekhar said.
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AI4Bharat Researchers Said to Raise $12 Million Funding From Peak XV, Lightspeed
Researchers at AI4Bharat are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-li...
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Vedanta Deepens Tech Push With $4 Billion Display Factory in India, to Create 3,500 Direct Jobs
The newly appointed CEO of Vedanta's untried display business is seeking to hire global talent to build and run a $4 billion (roughly Rs. 32,811 crore) factory in western India. YJ Chen says the display venture will soon begin recruiting from South Korea, Taiwan, Japan and other regions to set up a liquid crystal display panel fabrication unit in I...
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"Start With...": Internet's Hilarious Response To Start-Up Investor's Tweet About Bengaluru Tour
Stellaris Venture Partners co-founder Ritesh Banglani recently asked his Twitter followers for suggestions as to where he could take a friend of his on a "techbro tour of Bangalore".
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Government Set to Deny Funding for Vedanta-Foxconn Chip Venture: Report
The Indian government is poised to deny crucial funding for Anil Agarwal's chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire's ambition to build India's 'own Silicon Valley.' The authorities are likely to inform the venture between Vedanta and Taiwan's Foxconn that it won't get incentives to make 28-nanometer chips, the...
-
OpenAI, Broadcom Announce Partnership to Jointly Design and Develop AI Chips
OpenAI has entered a multi-year partnership with Broadcom to co-develop custom AI accelerators capable of delivering up to 10 gigawatts of computing power. Under the deal, OpenAI will design the chips while Broadcom handles fabrication and networking. The move marks OpenAI’s second hardware venture, following its collaboration with Jony Ive on an...
-
Trump Signs Order To Put TikTok Under US Ownership, Says China Agreed
President Donald Trump has signed an executive order that he says will allow TikTok to continue operating in the United States in a way that meets national security concerns laid out by the law.
-
Reddit Co-Founder Alexis Ohanian Joins Frank McCourt’s Bid for TikTok
Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's US operations. The former Los Angeles Dodgers owner and his partners submitted a bid for TikTok in early January, as a deadline approached that would require ByteDance to sell the app to a US owner or face a ban.
-
OpenAI Partners Nvidia, Microsoft, SoftBank and Others for New 'Stargate Project' to Build AI Infrastructure
OpenAI announced the formation of a new company dubbed The Stargate Project on Tuesday. The new venture of the firm will focus on building artificial intelligence (AI) infrastructure in the US. The company announced that it will spend a total of $500 billion (roughly Rs. 43 lakh crore) to build the capacity.
-
Nitin Gadkari Favours Majority Stake For Foreign Firms In Tunnel Construction
Gadkari said providing a majority stake to a foreign partner in the joint venture is necessary to ensure that only serious and technically qualified players bid for tunnel projects.
-
Adani Green And TotalEnergies Form Joint Venture For Khavda Solar Projects
Adani Green Energy Limited (AGEL) and TotalEnergies have announced the formation of a joint venture (JV), equally owned by both partners, to manage a portfolio of 1,150 MW solar projects.
-
Indian Blockchain Esports Firm Stan Raises Over $2 Million in Funding: Details
Stan has managed to raise an investment of $2.7 million (roughly Rs. 22 crore) from several investors, including CoinDCX Ventures and Coinswitch Ventures. The company disclosed this information in an official announcement shared on January 23. Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, General Catalyst, Climber Capital, and TDV Partners are...
-
Walt Disney Said to Hold Initial Talks With Blackstone Over Stake in Disney+ Hotstar, TV Business in India
Disney has been exploring a sale or a joint venture partner for its digital and TV business in India.
-
Vedanta Assures Investors Are Lined Up as Foxconn Withdraws From $19 Billion Deal
Taiwan's Foxconn has withdrawn from a semiconductor joint venture with mining baron Anil Agarwal's Vedanta as the venture struggled to get a technology partner to make chips that are used in mobile phones to refrigerators and cars. In a statement, Foxconn, the world's largest contract electronics maker, said it "has determined it will not move fo...
-
Foxconn-Vedanta Deal Ends. Both Found New Partners, Say Sources: 10 Facts
Taiwan's Foxconn leaving a key $19.5 billion joint venture with Vedanta will not affect India's semiconductor programme, Union Minister Ashwini Vaishnaw told NDTV today. Foxconn in a statement said the decision to end the joint venture was mutual.
-
Foxconn Quits $19 Billion Partnership With Vedanta: Explained In 5 Points
Taiwan's Foxconn has withdrawn from a $19.5 billion chip-making joint venture with Vedanta. Both have no prior semiconductor experience or technology, and were expected to source it from a technology partner, Union Minister Rajeev Chandrasekhar said.
-
AI4Bharat Researchers Said to Raise $12 Million Funding From Peak XV, Lightspeed
Researchers at AI4Bharat are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-li...
-
Vedanta Deepens Tech Push With $4 Billion Display Factory in India, to Create 3,500 Direct Jobs
The newly appointed CEO of Vedanta's untried display business is seeking to hire global talent to build and run a $4 billion (roughly Rs. 32,811 crore) factory in western India. YJ Chen says the display venture will soon begin recruiting from South Korea, Taiwan, Japan and other regions to set up a liquid crystal display panel fabrication unit in I...
-
"Start With...": Internet's Hilarious Response To Start-Up Investor's Tweet About Bengaluru Tour
Stellaris Venture Partners co-founder Ritesh Banglani recently asked his Twitter followers for suggestions as to where he could take a friend of his on a "techbro tour of Bangalore".
-
Government Set to Deny Funding for Vedanta-Foxconn Chip Venture: Report
The Indian government is poised to deny crucial funding for Anil Agarwal's chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire's ambition to build India's 'own Silicon Valley.' The authorities are likely to inform the venture between Vedanta and Taiwan's Foxconn that it won't get incentives to make 28-nanometer chips, the...
