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Distributed Technologies Research (DTR), a decentralized finance startup founded by Akshay Naheta, has launched a UAE dirham-backed stablecoin called DRAM. DTR aims to establish a foothold in the $130 billion stablecoin market, which is currently dominated by US dollar-backed stablecoins.
Tenstorrent is among a number of startups looking to challenge Nvidia, which dominates the market for AI chips. The company produces chips and intellectual property for data centers, but is also working on supplying other markets such as automotive.
Tokyo-based start-up Tsubame Industries has developed a 4.5-meter-tall robot called ARCHAX, which resembles the popular Japanese animation series "Mobile Suit Gundam." Priced at $3 million, the robot has cockpit monitors that allow the pilot to control its movements using joysticks.
Agrawal is a 1993 batch IAS officer of Chhattisgarh cadre. A graduate of the Indian Institute of Technology, Kanpur, Agrawal assumed charge as the new CEO of the UIDAI in June this year.
At least 10 companies had been planning 2022 listings prior to Russia's February invasion of Ukraine, but sanctions on Russia's financial system and the exodus of Western bankers and lawyers has sorely limited share offerings.