Perplexity CEO Aravind Srinivas, who made an offer to acquire TikTok US operations in January this year, has once again come up with a new bid. This time, his AI-start up made a $34.5 billion unsolicited all-cash offer for Alphabet’s Chrome browser on 12 August. The three-year-old company has secured approximately $1 billion in funding … Read more
The battle for supremacy in AI and big data computing just got more competitive after an Israeli chip startup Speedata raised $44 million in a Series B funding round, bringing its total capital to $114 million as it gears up to unveil a next-generation processor that could shake up the industry and challenge Nvidia’s long-standing … Read more
Nvidia CEO Jensen Huang reveals how students should use AI for career success In a rapidly evolving technological landscape, future-proofing one’s career is a paramount concern for students. When posed with the hypothetical question of what advice he would offer his younger self to navigate this future, Nvidia CEO Jensen Huang‘s answer is clear and … Read more
\Google’s massive $32 billion acquisition of cybersecurity firm Wiz gained significant momentum after Donald Trump’s presidential inauguration in January, with executives from both companies accelerating negotiations amid expectations of a more favorable regulatory environment under the new administration. According to Reuters reporting, Google not only sweetened its original $23 billion offer from July to $32 … Read more
As is typical of many new age startups, one more notice for violations. The Enforcement Directorate (ED) has issued a show-cause notice to the parent company and two subsidiary companies of Paytm for allegedly violating provisions of the Foreign Exchange Management Act (FEMA). Notice is to the parent One 97 Communication limited (OCL), it’s managing … Read more
Ride-hailing giant Uber has announced a significant change in its operational model for auto drivers in India, shifting from a commission-based system to a Software-as-a-Service (SaaS) subscription model. As part of this transition, all auto rides booked via the Uber app will now be cash-only, effective from 18 February. A notification on the Uber app … Read more