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ETtech Deals Digest: River, Sarvam rounds lift startup funding to $314 million this weekEarly-stage deals accounted for 58.4% of the capital raised during the week, while late-stage rounds made up 37%. Seed stage startups compr...- AMD deepens AI inference bet with Taalas deal as chip race heats upToronto-based Taalas develops specialized silicon designed to reduce computing and memory bottlenecks in AI inference, the process of run...
- Firmus nearly doubles valuation to over $10.5 billion in 4 months with Nvidia-backed fundraiseFirmus secured two billion dollars in equity funding this week. This investment brings the company's valuation to over ten point five billi...
- Global Market: SoftBank's AI strategy stays on course despite flat OpenAI valuation in Q1SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDanc...
- Nvidia plugs into India's sovereign AI stack, joins Sarvam's $75 million raiseThe latest investment follows the first close of the Series B in June when HCLTech led a $234 million financing alongside Bessemer Venture ...
- SpaceX draws retail investors despite fall in shares post earningsRetail investors bought SpaceX shares on Wednesday after a significant price drop. Individual traders purchased over twenty-two million dol...
- Nvidia bets on Sarvam AI; Sidbi eases fund rules for VCsHappy Wednesday! Sarvam’s Pratyush Kumar has confirmed adding Nvidia to the AI startup’s captable. This and more in today’s ETtech Morning ...
- Activate joins Sarvam's $300 million funding round, eyes deeper AI partnershipBeyond the investment Activate and Sarvam plan to work together on three areas: supporting India's AI startup ecosystem, helping large digi...
- AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnershipVolta Infra, a new AI startup, secured a significant cloud contract. This deal is reportedly with Anthropic for European cloud computing se...
- Nykaa’s strong Q1; Activate backs SarvamNykaa reported strong quarterly growth, on the back of healthy sales across its businesses. This and more in today's ETtech Top 5.
- Anthropic inks $10 billion computing deal with new cloud startup Volta InfraAnthropic has secured ten billion dollars in computing capacity from Volta Infra Holdings. This deal aims to meet the growing demand for An...
- How dumb I was! When Peter Lynch regretted not buying Warren Buffett's favourite stock whose product his daughter usedLegendary investor Peter Lynch expressed regret over missing out on Apple despite his daughter buying an iPod, calling the oversight a mist...
- Sarvam to raise $75 million from Nvidia, Glade Brook, others as part of ongoing funding roundSarvam AI has secured $75 million from Nvidia and other investors. This investment is part of a larger $300 million funding round. The comp...
- How the quick fall from grace of a fund run by 'Nostradamus of AI' triggered a 24-hour race to salvage itLeopold Aschenbrenner's hedge fund incurred significant losses and a forced sale of investments. Billionaire Ken Griffin's Citadel acquired...
- Why high-conviction investor Cathie Wood bought Nvidia after it erased billions from May highCathie Wood's Ark Invest bought nearly 79,000 Nvidia shares worth about $15.5 million after the AI chipmaker's recent selloff, reaffirming ...
- European Union aims for seven AI gigafactories with €10 billion plan in race with US, ChinaThe European Union will fund seven artificial intelligence gigafactories across the bloc. This initiative aims to close the technology gap ...
- Nvidia partner ChipAgents raises $60 million to accelerate chip design with AI agentsChip design startup ChipAgents has secured a significant $60 million funding round. This investment will accelerate their plans to speed up...
- Nvidia to invest $5 billion in Ilya Sutskever's AI startupThe two companies announced the deal Monday morning without disclosing financial terms. The funding will boost SSI's available computing ...
- Nvidia in talks with OpenAI to guarantee $250 billion financing for data centre: WSJThe power for the project is controlled by the US government and funded separately by Japan under a recent trade deal, with US Commerce S...
- Global Market Update | South Korea's Naver jumps 10% on Nvidia's $1 billion investment planNvidia will invest one billion dollars in Naver's new shares. This investment supports expanding an AI data center project in South Korea. ...
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