Sources: top VC firms in India like Khosla and Accel are set to commit investments from $300M to $500M each to India's AI ecosystem at the AI Impact Summit
Top venture capital firms in India are set to invest $300-500 million each into the country's AI ecosystem, covering infrastructure …
As India hosts its AI Impact Summit in New Delhi this week, the country is promoting its approach of developing cheaper AI tools aimed at solving local problems
Tripti Lahiri /Wall Street Journal:
Indian conglomerate Adani Group announces plans to invest $100B to build renewable energy-powered AI-ready data centers across India by 2035
Adani Enterprises (ADEL.NS) said on Tuesday that the group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035 …
As India prepares to host its AI Impact Summit in New Delhi this week, the country is set to promote a frugal AI strategy focused on solving local issues
The world's most populous country is looking at how it can become an artificial-intelligence power without breaking the bank
Gensol's troubles cast doubt on the future of Indian EV ride-hailing firm BluSmart, founded by Gensol's promoters; BluSmart has raised $180M in debt and equity
There seems to be no respite for Gensol Engineering and ride-hailing startup BluSmart. In a fresh development …
Gensol's troubles cast doubt on the future of Indian EV ride-hailing firm BluSmart, founded by Gensol's promoters; BluSmart has raised $180M in debt and equity
There seems to be no respite for Gensol Engineering and ride-hailing startup BluSmart. In a fresh development …
Koo, an Indian rival to X that had raised $60M+ from Tiger Global, Accel, and others, shuts down after last-resort acquisition talks with Dailyhunt collapsed
The Indian social media platform Koo, which positioned itself as a competitor to Elon Musk's X, is ceasing operations …
Investors in Bengaluru-based Mojocare say they found “financial irregularities” at the health care startup, which has raised ~$23M from Sequoia India and others
How Uber revamped its app, attracting more drivers and extending its lead on Lyft; YipitData: Uber's US market share grew from 62% in early 2020 to 74% now
Dara Khosrowshahi and other executives realized drivers' complaints were valid. They revamped the app, helping Uber attract workers and extend its lead on Lyft.
Sources: Byju's plans to layoff about 12,000 people, or nearly 25% of its workforce, over the next year; Byju's denies the number of job cuts is more than 2,500
$22B India-based Byju's — that may have taken advantage of pandemic trends and easy funding to grow far faster than ongoing market demand. https://twitter.com/... @morningcontext :...
Meta says documentation in The Wire's article alleging Instagram removed posts flagged by a BJP member in India without oversight “appears to be fabricated”
@JeffHorwitz Where to even begin with this story?! X-check has nothing to do with the ability to report posts. The posts in question were surfaced for review by automated systems, ...
Meta says documentation in The Wire's article alleging Instagram removed posts flagged by a BJP member in India without oversight “appears to be fabricated”
@JeffHorwitz Where to even begin with this story?! X-check has nothing to do with the ability to report posts. The posts in question were surfaced for review by automated systems, ...
Meta says documentation in The Wire's article alleging Instagram removed posts flagged by a BJP member in India without oversight “appears to be fabricated”
@JeffHorwitz Where to even begin with this story?! X-check has nothing to do with the ability to report posts. The posts in question were surfaced for review by automated systems, ...
Source: Instagram removed 705 posts without oversight in India in September, after being flagged by Amit Malviya, the head of BJP's IT Cell, as part of XCheck
Source: Instagram removed 705 posts without oversight in India in September, after being flagged by Amit Malviya, the head of BJP's IT Cell, as part of XCheck
ShareChat, a social network offered in 15 Indian languages, raises $502M at a $2.1B valuation, says it has 160M MAUs and its short-video app Moj has 120M MAUs
Madhumita Murgia / Financial Times :
SoftBank says it's planning to launch a SPAC in upcoming weeks; source: its purpose is not to acquire an existing SoftBank portfolio company
Dan Primack / Axios :
Substack to support paid subscriptions for writers based in India; the feature is in beta and Substack will waive its 10% fee during the beta period
Substack Blog : Tweets: @akm1410 , @smc90 , @anmolm_ , @reddymadhavan , @iruhdam24 , @pankajontech , @hamishmckenzie , and @patio11 See also Mediagazer Tweets: Ashish K. Mishra / ...
Google says it will invest $4.5B in Jio Platforms for a 7.73% stake as part of the recently announced $10B India digitization fund
This investment will be part of Google's recently announced $10 billion India digitization fund — Internet major Google is buying a 7.73% stake …
India's Reliance Jio launches JioMeet, a Zoom-like video-conference service, offering unlimited free calls in 720p with up to 100 participants and no time limit
and it is absolutely free Brandy Betz / Seeking Alpha : Reliance Jio releases Zoom competitor Tweets: @shrinivassg : JioMeet and Zoom - a thread. Screen 1 - Landing Page. https://t...