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In an effort to prevent China from benefiting from $52 billion in funds for chips, the US finalises rules-thumnail

In an effort to prevent China from benefiting from $52 billion in funds for chips, the US finalises rules

The U.S. Commerce Department is releasing final regulations on Friday to stop China and other nations that are considered to be a threat to American national security from using subsidies for semiconductor manufacture.

Investment & Funding

Sep 22, 2023

Jensen Huang, CEO of Nvidia touts India as a major AI market to hedge against China’s risks-thumnail

Jensen Huang, CEO of Nvidia touts India as a major AI market to hedge against China’s risks

Nvidia Corp. Chief Executive Officer Jensen Huang visited four cities on a five-day trip to India earlier this month, dined with tech leaders and researchers.

AI

Sep 21, 2023

Report says Indian IT poised to ride $4 trillion AI wave-thumnail

Report says Indian IT poised to ride $4 trillion AI wave

India’s technology industry is well-positioned to take advantage of the $4 trillion opportunity that the worldwide market for generative artificial intelligence (genAI) is expected to present.

AI

Sep 21, 2023

With new AI principles, the UK focuses on transparency and access-thumnail

With new AI principles, the UK focuses on transparency and access

By emphasising the need for accountability and transparency, Britain established rules aimed at preventing generative AI models like ChatGPT from being dominated by a small number of significant digital corporations

AI

Sep 18, 2023

As India pushes local manufacturing, Xiaomi supplier Dixon Tech will open a smartphone plant-thumnail

As India pushes local manufacturing, Xiaomi supplier Dixon Tech will open a smartphone plant

Dixon Technologies India Ltd., a supplier to Xiaomi Inc., plans to open a sizable new plant on the outskirts of New Delhi as India encourages Chinese tech companies to work with local assembly partners.

Business

Sep 15, 2023

Early-stage VC firm Kae Capital closes its Winners Fund II (KWF II) by raising $50 Mn-thumnail

Early-stage VC firm Kae Capital closes its Winners Fund II (KWF II) by raising $50 Mn

Kae Capital, an e­arly-stage venture capital firm, has successfully closed its Winners Fund II (KWF II) with a total of $50 million (INR 410 crore) in funding.

Investment & Funding

Sep 14, 2023

Investing in Inclusion: Spring’s Acquisition of Future Capital Reshapes Canada’s Financial Landscape-thumnail

Investing in Inclusion: Spring’s Acquisition of Future Capital Reshapes Canada’s Financial Landscape

Spring Activator (Spring), a forerunner in Canada’s beginning phase influence effective financial planning environment, declares the procurement of Future Capital, the learning and contributing stage worked for underrepresented beginning phase financial backers.

Investment & Funding

Sep 13, 2023

Funding: VC firm Vertex Ventures Southeast Asia and India raises $541 million in its fifth fund-thumnail

Funding: VC firm Vertex Ventures Southeast Asia and India raises $541 million in its fifth fund

Vertex Ventures Southeast Asia and India has achieved a fundraising round securing $541 million for its fund.

Investment & Funding

Sep 12, 2023

In Singapore, GlobalFoundries opens a fabrication plant worth $4 billion-thumnail

In Singapore, GlobalFoundries opens a fabrication plant worth $4 billion

GlobalFoundries, a contract chip manufacturer with its headquarters in the United States, announced Tuesday the opening of its $4 billion expansion manufacturing unit in Singapore, anticipating “growth in demand for essential semiconductor chips.”

Business

Sep 12, 2023

Fintech startup Perfios to raise from Kedaara Capital investment of $229 Mn-thumnail

Fintech startup Perfios to raise from Kedaara Capital investment of $229 Mn

Fintech startup Perfios, based in Bengaluru has recently secured an investment of $229 million, in its Series D funding round.

Business

Sep 11, 2023

Tesla Supercomputer could boost market cap of EV maker by $600 billion- Morgan Stanley-thumnail

Tesla Supercomputer could boost market cap of EV maker by $600 billion- Morgan Stanley

Tesla’s (TSLA.O) Dojo supercomputer could propel a spike in the market value of the automaker of up to $600 billion, according to Morgan Stanley analysts.

Business

Sep 11, 2023

BMW will invest $750 million in UK plants to take Mini electric-thumnail

BMW will invest $750 million in UK plants to take Mini electric

After years of uncertainty relating to Brexit, Britain’s auto industry received a new boost on Monday when BMW (BMWG.DE) announced it would invest 600 million pounds ($750 million) at its UK plants to convert its iconic Mini brand to all-electric by 2030.

Automotive

Sep 11, 2023


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