Ai Start-up

Trump to unveil 'Genesis Mission' to boost US AI efforts, says official

On Tuesday, Trump called on lawmakers to pass a federal standard governing artificial intelligence either in an upcoming defence spending bill or as standalone legislation

Karnataka govt, VCs to launch ₹1,100 cr fund for deeptech, AI startups

Karnataka IT Minister Priyank Kharge on Tuesday said the state government is investing Rs 600 crore in Deep Tech and AI and along with leading venture capital firms, it aims to create a joint fund of over Rs 1,000 crore to support start-ups in these sectors in the state. According to him, Karnataka is set to make a major push in emerging technologies during the first Future Makers Conclave on November 20 at the 28th edition of the Bengaluru Tech Summit here. "We are concentrating heavily on DeepTech and AI. For the first time, we are having the Future Makers Conclave where we have tied up with private venture capitalists, and together we are disbursing close to around Rs 1,100 crore on a single platform on November 20 to DeepTech startups," he told reporters here. According to officials, the Future Makers Conclave will be the flagship event of the summit and the launchpad where Karnataka shifts from "leapfrogging" to "pole-vaulting" into its DeepTech Decade. The conclave will have .

Is Big Tech betting wrong? Meta's AI pioneer says LLM boom is a dead end

Meta's AI veteran Yann LeCun says tech giants are pouring billions into LLMs but warns they won't lead to human-level intelligence

Who is Vikram Bajaj, the MIT-trained scientist steering Bezos' AI Project?

Project Prometheus is developing AI tools tailored for complex, real-world physical systems, a field that aligns with Bezos's long-standing interest in space, engineering and advanced manufacturing

Jeff Bezos enters AI race with Project Prometheus: All we know about it

Jeff Bezos has re-entered an operational role by becoming co-CEO of Project Prometheus, a well-funded AI startup aiming to build advanced models for engineering, robotics and scientific discovery

Smallest.ai raises $8 mn seed round led by Sierra Ventures for expansion

The full-stack enterprise voice AI platform plans to scale operations in North America and India and expand into regulated sectors such as banking, healthcare, and retail

'AI is a monster wave, investors are focusing on AI-first initiatives'

Both of us were doing angel investments on the side and helping founders. In 2019-20, we realised that there was literally no operator-led help for early-stage startups

Dutch tech investor Prosus scales up India AI play amid global headwinds

Dutch investor Prosus backs Arivihan, CodeKarma, and Deccan AI in quick succession, calling AI a central pillar of its India strategy as it plans multi-billion-dollar bets

Sentient cofounder calls for viable and decentralised open-source AI

Tyagi is a professor at the Indian Institute of Science (IISc), Bengaluru, and cofounded $1.2 billion artificial intelligence (AI) startup Sentient

Refold AI raises $6.5 mn to scale autonomous enterprise integration agents

The San Mateo- and Bangalore-based startup will use the funds to grow its team, expand product integrations, and scale AI agents that automate enterprise workflows

Wall Street and AI startups are fighting over entry-level quants

his month, the San Francisco-based firm is going global with another quant "social hour" in London

Metaforms raises $9 mn to transform market research with AI automation

Backed by Peak XV Partners, Metaforms will triple its India team and expand AI capabilities for survey, voice, and report automation as it signs top global research firms

AI startup Perplexity secures $100 mn funding, hits $18 billion valuation

The deal is an extension of a previous round from a few months ago that valued the company at $14 billion - investments that underscore the Silicon Valley rush to back the top AI startups

How American accents, artificial intelligence can save India's outsourcing

A softening of accents could help many young people who may not be otherwise considered for international call-center jobs

Ola's AI arm Krutrim cuts fundraising target by $200 mn amid low interest

Bhavish Aggarwal's AI venture Krutrim has reduced fundraising target from $500 million to $300 million, as broader investor interest appears to be tepid

AI boom drives increased demand for semiconductors: Industry leaders

India aims to lead the semiconductor industry by leveraging geopolitical advantage, skilled talent, and cost competitiveness, driving economic growth, say tech executives and officials

AI startup Perplexity said to submit bid to merge with TikTok's US unit

A merger with TikTok may give Perplexity access to a vast user base and a wealth of data that would feed its AI-driven search engine

Broadcom stock soars as company touts mega artificial intelligence demand

Big Tech's push to diversify beyond Nvidia's pricey and supply-constrained AI processors has been a windfall for Broadcom, which makes custom chips for major cloud companies

Uttar Pradesh: Over half of state's registered startups led by women

Moreover, UP has planned to develop India's first artificial intelligence city in Lucknow, and set up an exclusive fund for the emerging technology to boost the AI ecosystem and foster AI startups

GenAI startups see 3.4x funding surge in September quarter: Nasscom

In Q2 FY24, the total funds raised stood at $15 million across nine rounds, driven primarily by enterprise applications and Agentic AI