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Hari Menon exits BigBasket; Sarvam cofounder on fresh fundingBigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.- SpaceX shares rise 6% in pre-market after 19% gain on listing daySpaceX shares extended gains in pre-market trading on Monday after a record-breaking IPO debut that pushed its valuation above $2 trillion ...
- GenXAI Analytics raises Rs 15 crore from anchor investors ahead of IPOGenXAI Analytics Ltd has secured Rs 15 crore from anchor investors before its upcoming Initial Public Offering. The IPO opens for public su...
- SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources saySpaceX is preparing for a massive initial public offering targeting a valuation of $1.75 trillion. The company plans to raise at least $75 ...
- Hidden OpenAI secrets and billion-dollar AI stakes: Is Sam Altman’s Musk courtroom battle Big Tech’s biggest warning yet as the CEO takes the witness stand today?OpenAI CEO Sam Altman is expected to take the witness stand today, Tuesday, May 12, in the high-profile legal battle between Elon Musk and ...
- ETtech Explainer: How the Altman vs Musk trial is unfolding in courtA high-stakes trial between AI pioneer Elon Musk and OpenAI, co-founded by Musk, has commenced. Musk alleges the company, now a for-profit ...
- SpaceX says it has option to acquire startup Cursor for $60 billionSpaceX is exploring a significant move into AI developer tools by securing an option to acquire code-generation startup Cursor for $60 bill...
- Glade Brook in talks to join Sarvam’s funding; AI startup may hit $1.5 billion valuationUS-based Glade Brook Capital is in discussions to invest $20-25 million in Sarvam AI's $320-350 million funding round, valuing the AI start...
- Sequoia’s new leaders raise about $7 billion for firm’s biggest betsSequoia Capital, a major venture capital firm, has secured about $7 billion for a new fund, according to a report by Bloomberg. This signif...
- Saudi's Humain invested $3 billion in xAI's Series E funding roundSaudi Arabia is boosting its artificial intelligence ambitions as it seeks to capitalize on the growing demand for compute capacity and di...
- Elon Musk's xAI raises $20 billion in Nvidia-backed funding roundElon Musk’s AI startup, xAI, said on Tuesday that it has raised $20 billion in fresh funding from participants including Nvidia, exceeding ...
- Musk's xAI in advanced talks to raise $15 billion, lifting valuation to $230 billion: WSJxAI, Elon Musk’s AI firm, is reportedly close to securing $15 billion in new funding at a $230 billion valuation, according to the Wall Str...
- Elon Musk's xAI raises $15 billion in series E round: ReportElon Musk's xAI has raised $15 billion in a series E funding round. The AI startup has been ramping up its data center capacity to train mo...
- Musk’s xAI burns through $1 billion a month as costs pile upElon Musk’s xAI is burning $1 billion monthly, with plans to spend $13 billion in 2025 despite limited revenue. To stay afloat, it’s raisin...
- Musk's xAI in talks for $4 billion equity funding: ReportElon Musk’s xAI is seeking $4.3 billion in equity funding, alongside a $5 billion debt sale, amid rising AI development costs. Having raise...
- Elon Musk’s xAI to raise $5 billion through debt saleElon Musk's xAI is seeking $5 billion in debt financing, with Morgan Stanley managing the offering, to fuel its AI infrastructure expansion...
- Investors in talks to help Elon Musk's xAI raise $3 billion: reportVenture capital firm Gigafund, and Steve Jurvetson are among the backers considering investing in the round, the report said, citing people...
- Elon Musk's AI startup seeks to raise up to $6 billion: reportThanks to the popularity of OpenAI's chatbot ChatGPT, the AI industry has been a rare bright spot in a subdued start-up funding environment.
- Elon Musk says his AI firm xAI is not raising funds 'right now'The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the Securities and Ex...
- Elon Musk's xAI files to raise up to $1 billion in equity offeringFundraising for AI remains a bright spot for startups this year, following OpenAI's launch of popular chatbot ChatGPT last year and raising...
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