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AI DEVELOPERS VALUATION
- Market selloff, rising rates test AI data centre deal boomA market selloff is forcing companies driving the global AI boom to delay fundraising plans or pay more for capital as investors demand pro...
Global Market: Japan’s Nikkei plunges nearly 5% as AI stocks tumble on CoreWeave debt concernsJapan’s Nikkei 225 plunged, while the broader Topix fell 2.5%, as AI-linked stocks led a broad selloff. Sentiment was hit by concerns over ...- Anthropic Q3 revenue surges 45% to $16.8 billion as AI startup gears up for $2 trillion IPOAnthropic reported a 45% increase in revenue for the third quarter, reaching $16.8 billion. The company's revenue for the first and second ...
- India can catch up in AI by focusing on applicationsIndia faces significant threats in the global AI landscape as investments surge globally. While it has missed some initial chances, the nat...
- Groww Q2 profit jumps; Hocco eyes big funding scoopGroww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.
- D-Street's proxy AI trade shines in a bleak year for stocksIndia's Nifty 50 index faces considerable challenges this year, with a significant drop since January. In contrast, stocks linked to artifi...
- India's proxy AI trade shines in a bleak year for stocksDespite a notable decline in the Nifty 50 index, Indian stocks tied to artificial intelligence have surged impressively. Key players like o...
- Global Market: Why China’s CXMT is putting global memory chip giants under pressureGlobal semiconductor stocks tumbled as Chinese chipmaker CXMT’s reported progress on a new memory chip design raised concerns about intensi...
- Behind AI industry's call for independent reviews, a fight over what gets made publicExperts have said independence of evaluators is a concern as Anthropic and OpenAI choose who gets to carry out the reviews. Reuters is repo...
- Global Market: AI trade faces biggest test yet as chip stocks tumble across AsiaAsian AI stocks tumbled as rising bond yields, higher financing costs, and concerns over excessive infrastructure spending weakened investo...
- AI traders behaving like casino gamblers? What made chip trade toxic and why that’s good news for IndiaGlobal AI stock enthusiasm hit a roadblock as South Korea's Kospi plunged 7.4% on chip competition concerns and Broadcom's warning on AI sp...
- AI startup Sarvam in talks for $300 million top-up; valuation may double to $3 billionThe startup builds Indian-language AI models and applications for government agencies and businesses, including banks and insurers. Its cus...
- Amazon in talks to buy AI startup Decart for around $7 billion: ReportAmazon is reportedly in talks to acquire artificial-intelligence startup Decart for about $7 billion. The acquisition would give Amazon sig...
- Sequoia-backed chip startup Nuvacore raising funds at about a $2.5 billion valuationNuvacore is seeking to raise the funds as the appetite for central processors has swollen due to the thirst for data-crunching capacity to ...
- Nvidia in talks to invest further in Reflection AI or buy it: FTTalks are at an early stage and a deal could take several forms, including a so-called acqui-hire arrangement where Nvidia would hire staff...
- Nvidia in talks to buy Reflection AI or deepen its investment, FT reportsNvidia is in talks to deepen its investment in startup Reflection AI or acquire it, the Financial Times reported on Saturday, citing people...
- AI valuation bubble could burst, bringing foreign investors back to India: Ambareesh BaligaA potential downturn in AI stock evaluations could pivot foreign investments back to Indian markets soon. Analysts suggest that India's con...
- USA Today vs OpenAI: Key questions over ChatGPT training data, news copyright and whether publishers should be paid for their workUSA Today Co has initiated a lawsuit against OpenAI over alleged unauthorized use of its copyrighted articles. The complaint claims OpenAI ...
- ElevenLabs CEO on AI slowdown; Prosus dials up fintech betsHappy Wednesday! ElevenLabs CEO Mati Staniszewski weighs in on the AI slowdown debate. This and more in today’s ETtech Morning Dispatch.
- Frontier AI slowdown a distraction, compute is the real constraint: early Anthropic backer Menlo VenturesMenlo Ventures' Matt Murphy called the slowing down "a bit of a red herring", and said compute, not intelligence, is the real constraint, i...
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