Page 2 - Ai Start-up

'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

NYT sends AI startup Perplexity 'cease and desist' notice over content use

Perplexity had previously assured publishers it would stop using "crawling" technology, according to the letter. Despite this, NYT said its content still appears in Perplexity

Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns

The business head of Bhavish Aggarwal-founded artificial intelligence startup Krutrim AI, Ravi Jain, has quit, according to sources. Jain exited the company after putting in around three years, marking another high-profile exit from the Bengaluru-headquartered group this year. When contacted, the company declined to comment on the matter. Ola Krutrim is an AI startup, which has formed a series of strategic partnerships with global majors like Arm and Untether AI for the development of CPU and AI chips, platforms, and systems. In January 2024, Krutrim raised USD 50 million at a valuation of USD 1 billion in a funding round led by Matrix Partners. This made Krutrim the first artificial intelligence unicorn from India. Ola has seen several high-profile exits this year. Ola Cabs chief executive Hemant Bakshi left within three months of his appointment. In May, the chief financial officer of Ola Cabs and Ola Financial Services (Ola Mobility) Karthik Gupta, stepped down.

Chenn.AI connected: Tamil Nadu now plugs into Google's AI mainframe

Collaboration to power AI startups, supercharge workforce skills, and drive MSME tech adoption

Dunzo co-founder Mukund Jha in talks to raise Rs 50-80 cr for new startup

Mukund Jha is looking to secure funds from Together Fund for a Gen AI company aimed at automating quality assurance (QA) processes for businesses

Elon Musk's poll shows most want Tesla to invest $5 billion in startup xAI

Musk set up xAI in early 2023, months after OpenAI ushered in the AI boom with the launch of ChatGPT

Volatile market, policy issues cause a drop in India's AI startup funding

The drop recorded for the April-June quarter this year was 91 per cent from the previous quarter and 82 per cent from the same period last year