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04 Dec 2024

19 Companies Bid for GPU Supply in India's AI Mission

India's ambitious IndiaAI mission receives bids from 19 companies, including tech giants Jio and Tata, to supply GPUs for AI research and development.

3 Sources

BigBear.ai Stock Volatility: Meme Stock Momentum and AI Industry Speculation

BigBear.ai's stock experiences significant fluctuations due to meme stock trends, comparisons with Palantir, and speculation about its potential in the AI industry, despite insider selling and financial challenges.

7 Sources

03 Dec 2024

Lightchain AI: Merging Blockchain and AI in Presale Hype

Lightchain AI, a new cryptocurrency project, is generating buzz by combining blockchain technology with artificial intelligence. Currently in presale, it promises innovative features like Proof of Intelligence and an AI Virtual Machine.

15 Sources

Enterprises Grapple with Generative AI Implementation Despite Massive Investments, Venture Capitalists Report

A new report by Menlo Ventures reveals that while enterprise AI spending has skyrocketed to $13.8 billion in 2024, over a third of companies lack a clear vision for implementing generative AI across their organizations.

2 Sources

VenHub Global Inc., AI-Powered Autonomous Retail Solution Provider, to Go Public on NASDAQ

VenHub Global Inc., a company specializing in AI and robotics-driven autonomous retail solutions, announces plans to go public through a merger with Target Global Acquisition I Corp. The deal values VenHub at $715 million and is expected to close in Q2 2025.

2 Sources

World Labs Unveils Groundbreaking AI System for Generating Interactive 3D Environments from Single Images

World Labs, led by AI pioneer Fei-Fei Li, has introduced an innovative AI system that transforms 2D images into explorable 3D environments, potentially revolutionizing content creation for games, movies, and virtual experiences.

6 Sources

9fin Secures $50M for AI-Powered Debt Capital Markets Analytics Platform

9fin, a London-based fintech, raises $50 million in Series B funding to enhance its AI-driven analytics platform for global debt capital markets, aiming to revolutionize the industry with advanced technology and expand its U.S. presence.

2 Sources

OpenAI Explores Advertising for ChatGPT Amid Financial Pressures

OpenAI is considering introducing ads to ChatGPT as a potential new revenue stream, despite previous statements against the idea. The company faces financial pressures due to high operational costs and aims to diversify its income sources.

13 Sources

Helsing Unveils AI-Powered Attack Drone HX-2, Targeting NATO Allies

German AI company Helsing has launched its first attack drone, HX-2, designed for mass production and equipped with advanced AI capabilities. The move aims to capitalize on the increasing demand for autonomous weapons, particularly in light of the ongoing Russia-Ukraine conflict.

3 Sources

02 Dec 2024

Amazon Partners with Orbital Materials to Pilot AI-Designed Carbon Removal Technology in Data Centers

Amazon Web Services (AWS) and AI startup Orbital Materials announce a strategic partnership to develop and test an innovative carbon removal material for data centers, designed by AI to address the growing environmental impact of artificial intelligence systems.

6 Sources

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

The Browser Company Unveils Dia: A New AI-Powered Web Browser Set to Challenge Chrome

The Browser Company, creators of Arc, announces Dia, an AI-integrated web browser aimed at revolutionizing user experience with personalized AI assistance. Set to launch in early 2025, Dia promises to redefine web browsing with innovative AI features.

8 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

India's AI Ambitions: Policy Push, Enterprise Adoption, and Investor Focus

India's government is actively promoting AI development through policies and initiatives, while enterprises are gradually adopting AI technologies. Investors are showing particular interest in fintech-focused vertical AI solutions.

4 Sources

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