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02 Dec 2024

Tenstorrent Raises $700 Million to Challenge Nvidia in AI Chip Market

Tenstorrent, an AI chip startup, secures $700 million in funding from high-profile investors including Jeff Bezos and Samsung, aiming to compete with Nvidia in the AI chip market with a focus on cost-effective and open-source solutions.

14 Sources

Freshworks Appoints Srinivasan Raghavan as Chief Product Officer to Lead AI-Driven Innovation

Freshworks Inc. has named Srinivasan Raghavan as its new Chief Product Officer to spearhead the company's AI-driven product strategy for customer and employee experience solutions.

4 Sources

MultiMetaVerse Holdings Limited to Acquire AI E-commerce Company Bowong Technology

MultiMetaVerse Holdings Limited signs a definitive agreement to acquire Bowong Technology, an AI-powered e-commerce solutions provider, in a share exchange deal worth 37 million Class A ordinary shares.

4 Sources

AI Shopping Assistants: The Future of Online Retail or Still a Work in Progress?

Tech companies are racing to develop AI-powered shopping assistants, but the technology still faces significant challenges in accuracy and user experience.

10 Sources

RaptorX Secures Rs 4 Crore in Pre-Seed Funding for AI-Driven Fraud Prevention

RaptorX, an AI-powered fraud prevention startup, has raised Rs 4 crore in a pre-seed round to enhance its capabilities in banking and e-commerce sectors. The funding will be used to expand the team, improve AI and machine learning capabilities, and drive strategic growth.

2 Sources

Ola Electric's Bhavish Aggarwal Pledges Stake to Fund AI Startup Krutrim

Bhavish Aggarwal, founder of Ola Electric, has pledged 1.1% of his stake in the company to raise funds for his AI startup Krutrim. This move highlights the growing intersection of electric vehicle technology and artificial intelligence in India's tech ecosystem.

2 Sources

Naspers and Prosus Report Strong Growth with AI-Driven Strategy

Naspers and Prosus announce significant growth in their ecommerce portfolio, with a five-fold increase in adjusted EBIT. The companies are leveraging AI to enhance customer experiences and drive future growth across their global operations.

2 Sources

HCLTech and Google Cloud Partner to Deliver AI-Driven Cybersecurity Solutions

HCLTech collaborates with Google Cloud Security to offer AI-powered Managed Detection and Response (MDR) solutions, enhancing cybersecurity for global enterprises through advanced threat detection and response capabilities.

3 Sources

AI-Powered Stock Picking Tool Claims Impressive Returns Amid Market Rally

ProPicks AI, a stock-picking tool, reports significant outperformance in November amid a strong market rally. The company is promoting its AI-driven investment strategy as part of a Cyber Monday sale.

2 Sources

Elastic Strengthens Partnership with AWS to Enhance Generative AI Capabilities

Elastic announces collaboration with Amazon Web Services to leverage generative AI services, offering LLM observability support for Amazon Bedrock in Elastic Observability.

3 Sources

Tech Stocks Poised for 'Santa Rally' Amid AI Boom and Potential Regulatory Shifts

Wedbush analysts predict a strong year-end rally for tech stocks, driven by AI initiatives and potential regulatory changes under a hypothetical Trump administration. The forecast includes significant AI-related spending and possible benefits for major tech companies.

2 Sources

Fangzhou Inc. Unveils AI Agent Solution and Strengthens Partnerships with Tencent and Baidu

Fangzhou Inc., a leader in Internet healthcare solutions, has announced strategic partnerships with Tencent and Baidu while launching its innovative AI Agent Solution, aiming to revolutionize digital healthcare in China.

2 Sources

Elon Musk Files Lawsuit Against OpenAI Amid Global Economic Shifts

Elon Musk's legal action against OpenAI highlights tensions in the AI industry, while global markets show mixed signals with Bitcoin's surge and varied economic indicators across India and China.

2 Sources

Amazon Enhances Customer Service and Developer Tools with Generative AI

Amazon Web Services announces new generative AI capabilities for Amazon Connect and Amazon Bedrock, improving customer experiences and developer productivity.

6 Sources

Sam Altman Expresses Confidence in Elon Musk's Ethical Use of Political Influence

OpenAI CEO Sam Altman addresses concerns about Elon Musk's potential abuse of political power, expressing belief that Musk will act ethically despite their ongoing rivalry and legal disputes.

25 Sources

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