Page 36 - Data Science For News Today

European Union lawmakers and Belgium clinched a political deal last month, but only after diluting the Commissions proposal. They then failed to muster enough votes in favour from EU countries as France, Germany, Estonia and Greece abstained.

French startup Mistral AI, a rising star in artificial intelligence, pledged Tuesday to maintain open source coding even as it launches into a venture with Microsoft that involves selling some of its software. Mistral Large, which Mistral says is comparable to OpenAIs GPT-4, is now available on Microsofts platform Azure AI. At the time, Mistrals co-founder Arthur Mensch, told French daily Le Monde that he was not abandoning open source despite selling its software through the US tech giant.

The Peak XV Anchor Fund will be backed by an internal pool of capital, according to a letter sent to investors. Formerly known as Sequoia India & Southeast Asia, the venture-capital firm rebranded as Peak XV Partners last year and is now fully independent.

HP India managing director Ipsita Dasgupta was appointed the India head of the laptop and personal computer maker in October last year. She said the company was in talks with several Indian and multi-national companies but most of these plans are works in progress as of now.

ET had reported on March 6 that the government was likely to hold the groundbreaking ceremony of all three units simultaneously, within a fortnight of the projects receiving the Union Cabinet nod.

Speaking at a Citi technology conference in London, CEO Jean-Marc Chery said the company is not daunted by plans by Chinese chipmakers to invest in relatively older generations of chips, following a US-led campaign to prevent Chinese companies from being able to make their own advanced chips.

Fashinza and Virgio failed to attract customers in the original business plans for which they had raised the funds. They are now returning most of the capital they had raised, after a change in their business models.

BlackSoil, an alternative credit platform, raised Rs 100 crore in equity funding to enhance its credit profile. Funds will be used to enhance credit profile and strengthen borrowing capacity, says firm.

Chip design relies on a limited number of global players for their essential design tools. No chip can be created without their software. The country heads of chip design software companies Siemens EDA, Synopsys and Cadence told ET that training with these tools ensures that students are industry-ready when they graduate.

Indian Institute of Technology, Madras (IIT Madras) collaborates with Vellon Space to revolutionize biomanufacturing in space. The demonstration of AsteriX Lab in orbit by 2025 will study microgravitys effects on biological systems, driving innovations in drug development processes and creating commercial opportunities in the space technology sector.