Startup

Byju's Bankruptcy Proceedings: How US Courts Are Countered by Indian Officials

3 months ago

Recent events surrounding the Indian educational startup Byju's have drawn global attention. According to American legal sources, courts in the United States have ruled on the bankruptcy of several Byju's subsidiaries. However, this move has faced active opposition from Indian authorities, who are contesting the legality of such a decision.

JPMorgan and AllianzGI Seek to Capture a Piece of Taiwan's AI Wealth Boom

3 months ago

Leading financial institutions such as JPMorgan Chase and Allianz Global Investors are eager to capitalize on the rapidly expanding artificial intelligence market in Taiwan. Recent studies have revealed a significant increase in demand for AI technologies in the country, drawing major investment firms to actively engage with local startups and established players.

Fuse: Nuclear Startup Valued at Over $200 Million in New Funding

3 months ago

A nuclear energy startup known as Fuse has been valued at over $200 million following a recent funding round. This information came to light as the company secured support from influential investors during its latest financing effort. The funds will be utilized for developing innovative solutions in the nuclear energy sector and for bringing new technologies to market.

Europe's Crucial Choice: Bridging the Tech Innovation Gap

3 months ago

European countries are faced with a pivotal decision that will shape their future in technology: either regulation or innovation. Amid escalating competition with the United States and China, European leaders realize the need for quick responses to the challenges facing their tech ecosystem. Local startups and companies are at risk not only of lagging in technology but also of missing out on growth opportunities.

Startup Backed by Sam Altman Aims to Address AI's Massive Carbon Footprint

3 months ago

In a significant development from the tech world, a startup backed by renowned entrepreneur and investor Sam Altman has announced its ambitious goal of creating solutions to mitigate the carbon footprint associated with artificial intelligence (AI). This initiative comes in response to growing concerns about the environmental impact of AI due to its high energy demands, which can lead to substantial carbon emissions.

Tokyo Startup Sakana AI Partners with NVIDIA to Tackle New AI Frontiers

3 months ago

Tokyo-based startup Sakana AI is actively collaborating with NVIDIA in a bid to unlock new potentials in the realm of artificial intelligence. The company's CEO highlights the significant impact AI is set to have across various sectors of life and business.

Singapore VC Launches Startup Debt Fund Amid Depressed Valuations

3 months ago

A new venture capital fund in Singapore, managed by Axiata Digital, has successfully raised $67 million to launch a dedicated fund aimed at financing startups through loan mechanisms. This initiative has become particularly significant given the current market realities, where many startups face difficulties in acquiring capital due to falling valuations of their companies. The main goal of this initiative is to provide more accessible funding sources, bypassing traditional venture capital methodologies, which have become less attractive to investors in most cases.

OpenAI and Thrive Capital Back AI Drug Discovery Startup

3 months ago

A startup focused on developing new drugs using artificial intelligence technologies has caught the attention of giants like OpenAI and Thrive Capital. This just six-month-old project has secured significant funding from well-known investors, underscoring the growing interest in applying AI to medicine.

Salesforce Nears $2 Billion Deal to Acquire Startup Own

3 months ago

American company Salesforce, known for its customer relationship management (CRM) solutions, is close to finalizing a deal to acquire the startup Own. This deal is estimated to be worth around $2 billion. Own focuses on developing platforms that assist businesses in communicating and engaging with customers more effectively by integrating modern technologies with basic business processes.

AI Startups Struggle to Compete Against Big Tech's Investment Surge

3 months ago

In recent months, there has been a sharp increase in spending by large technology companies on artificial intelligence, creating serious challenges for startups in this field. Many small companies, which were previously considered leaders in AI implementation, now face the threat of extinction due to massive investments from giants like Google, Amazon, and Microsoft. These companies are outpacing startups not only in the speed of developing new technologies but also in access to powerful computing resources necessary for training complex AI models.