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Existing investors Vy Capital and Prosus Ventures, and Dharana Capital, an offshoot of Vy Capital, will be purchasing a majority of these shares from both current and former employees
BluSmart has raised nearly $24 million or Rs 200 crore in its latest funding round. In January this year, BluSmart had raised $25 million, while in 2023 it conducted funding rounds worth $66 million.
Ahead of the issue opening, the firm raised about Rs 1,176 crore in the anchor round, where Fidelity Investments, Goldman Sachs, ADIA, and Custody Bank of Japan were among the investors.
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
More than a dozen countries and some of the world's biggest tech firms pledged on Wednesday to cooperate against the potential dangers of artificial intelligence, including its ability to dodge human control, as they wrapped up a global summit in Seoul. These dangers also include an AI model that could potentially "evade human oversight, including through safeguard circumvention, manipulation and deception, or autonomous replication and adaptation", they added.