Page 26 - Data Science For News Today

Byjus raised share capital for a USD 200 million rights issue at the EGM, with investors opposing founders ouster. NCLT and Karnataka HC are involved amidst mismanagement concerns and a USD 22 billion valuation.

The new version, called Grok-1.5, will be made available to early testers and existing Grok users on social media platform X, formerly known as Twitter, in the coming days, xAI said in a statement.

Digital payment startups face rising payment processing charges despite revenue growth, impacting profitability. High operation costs persist due to fees charged by network operators and system maintenance expenses.

In an interaction with philanthropist and Microsoft cofounder Bill Gates, Modi said he used to hear of digital divide in the world and had decided that he will not allow this to happen in India.

In a post on X, Musk announced that users with over 5,000 followers will get Premium+ services for free.

Alteria Capital will back startups that have raised venture capital funding of up to Rs 200 crore each through the venture debt fund. ​The fund has already deployed 50% of the total capital commitments to portfolio companies, including One Card, Renee Cosmetics, Samunnati, BlissClub, Rebel Foods, Giva, Lead School, Kissht, Captain Fresh, Traya, BlueStone and Ather.

After the US permitted cryptocurrency securities trading, the UKs London Stock Exchange plans to introduce bitcoin and Ethereum exchange-traded notes, pending UK regulator approval, boosting investor confidence.

The company slashed the price tag of the entry level version - Ocean Sport - by around 36%, or $14,000, bringing it down to $24,999 from $38,999 earlier.

SydeLabs helps organisations using generative AI find and fix vulnerabilities in their models and applications. It was founded by Ruchir Patwa and Ankita Kumari in 2023.

The Swedish group is selling the game developer for a steep discount, having bought it in a deal that valued the business at up to $1.4 billion in 2021.