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Bengaluru -- Orbital compute infrastructure start-up Starcloud has raised $170m at a $1.1bn valuation as companies including Elon Musk's SpaceX and Jeff Bezos' Blue Origin race to move power-hungry AI data centres off-planet. Led by Benchmark and EQT Ventures, the fundraise underscores surging investor appetite for space infrastructure bets as massive AI computing requirements strain terrestrial energy grids and data centre capacity, even as space-based systems offer access to near-continuous s ...Read More >
Pune: The ongoing pre-non-interlocking and non-interlocking works to develop the Hadapsar railway station would affect trains' movement in the Daund-Pune section this week from Thursday till Sunday. A total of 17 trains, including DEMUs from Pune to Daund and Baramati to Pune, Pune-Harangul Express (01487), Harangul-Pune Express (01488), Solapur-Pune Intercity Superfast Express (12169) and Pune-Solapur Intercity Express (12170), would remain cancelled on Sunday (July 20), a railway official said ...Read More >
New York/Bengaluru -- Thinking Machines Lab, the artificial intelligence start-up founded by former OpenAI executive Mira Murati, said on Tuesday it has raised about $2bn at a valuation of $12bn in a funding round led by venture capital firm Andreessen Horowitz. The fundraise also saw participation from AI chip giant Nvidia, Accel, ServiceNow, Cisco, AMD and Jane Street, the start-up said. The huge funding round for a company launched only in February, with no revenue or products yet, undersco ...Read More >
Hyderabad: Databricks, the Data and AI company, announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers' Pension Plan and new investors ...Read More >
New Delhi, Dec 18 (PTI) Data and AI company Databricks on Wednesday said it is raising USD 10 billion in funding led by Thrive Capital and plans to use the fresh capital for new AI products, acquisitions, and expanding its international market operations. The oversubscribed funding round values the San Francisco-headquartered firm at USD 62 billion, according to a company statement. "The company is raising USD 10 billion of expected non-dilutive financing and has completed USD 8.6 billion to d ...Read More >
The future of startups is set to change dramatically and OpenAI CEO Sam Altman believes artificial intelligence (AI) is to play a central role in the transformation. He envisions a world where a single individual equipped with AI tools and thousands of GPUs can create a billion-dollar company. It is a once-unthinkable scenario and is fast becoming a reality as AI evolves to take on such tasks which previously required large teams. Altman has outlined a roadmap of AI development equipped with fi ...Read More >
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