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Anthropic approaches $1T valuation; Google ads face heatAnthropic neared a trillion-dollar valuation following fresh funding. This and more in today's ETtech Top 5.- Anthropic nears $1 trillion valuation, zooms past OpenAI after latest funding roundThe company’s valuation has more than doubled from $380 billion in February, reflecting its swift rise as a leading competitor in the AI ra...
- Groq more than doubles valuation to $6.9 billion as investors bet on AI chipsGroq, founded by a former Alphabet engineer, is among a long list of new chip players looking to capitalise on hundreds of millions of doll...
- AI tool Xbow is one of America's best hackersAI-powered cybersecurity tool Xbow has topped HackerOne’s US leaderboard, marking the first time an AI, not a human, leads in reported soft...
- OpenAI has closed new funding round raising over $6.5 billion, valuing it at $150 billionThe deal is one of the largest-ever private investments, and makes OpenAI one of the three largest venture-backed startups, alongside Elon ...
- Perplexity AI to launch ads on search platform by fourth quarterLast month Perplexity AI launched a program for publishers with an initial batch of partners, including TIME, Der Spiegel, and Fortune, in ...
- Silicon Valley Bank collapse: top developments so farSilicon Valley Bank (SVB) — a prominent tech-focused bank managing funds of close to about 40% of US startups — was shut down by a Californ...
- Elon Musk says he is open to buying collapsed Silicon Valley BankUS regulators on Friday shut down SVB and took control of its customer deposits in the largest failure of an American bank since 2008.
- Top VCs in a huddle to discuss Silicon Valley Bank collapse, vow to be 'supportive'Tweeting the statement, Hemant Taneja, CEO, General Catalyst, said: "Several VC leaders met today to discuss the aftermath of SVB's downfal...
- Cut workforce, spending on metaverse, key investor tells Mark ZuckerbergBrad Gerstner, CEO of Altimeter Capital, which holds 2.46 million shares in Meta, has written an open letter to its founder Mark Zuckerberg...
- Some big investors loaded up on Peloton as stock tumbledTiger Global Management, already a Peloton investor, bought another 3 million shares, increasing its investment by 41% and Baillie Gifford,...
- Grab slumps in US debut after record SPAC merger dealShares in Grab, Southeast Asia’s biggest ride-hailing and delivery firm, slid more than 20% in their Nasdaq debut following the company’s r...
- Grab's Nasdaq debut to set tone for Southeast Asian tech listingsThe backdoor listing on Nasdaq marks the high point for Singapore’s Grab that began as a ride-hailing app and now operates across 465 citie...
- Udaan names cofounder Vaibhav Gupta as CEO, eyes IPO in 18-24 monthsAmod Malviya and Sujeet Kumar, the other two cofounders, will support the effective functioning of a "CEO-led organisation" and will contin...
- Grab's Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefulsGRAB-Analysis: Grab's Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls
- Udaan valuation soars to $2.8 billion post $585 mn fundingON THE FAST LANE: Firm’s rise to Unicorn status makes a compelling case for SME digital disruption.
- Uber to reinvest profits back into tech, emerging markets like India: Dara KhosrowshahiKhosrowshahi said the company's core business has continued to perform very well and the number of trips on the platform grew 43 per cent, ...
- Actis, Altimeter put $82 million in Pine Labs to grow rootsThough the company did not reveal the details around the split between the primary and the secondary component, its CEO Lokvir Kapoor said:...
- After Indonesia, healthcare platform Practo enters MalaysiaCurrently, the platform has over 50% of private practitioners in Kuala Lumpur and in a few weeks, it expects to onboard all private practit...
- Practo sets foot into Indonesia, expands presence in PhillipinesPracto, the Bengaluru-based healthcare platform said it is localizing its app to enter Indonesia, one of the most populous countries in the...
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