DLI-backed chip companies call for government procurement support

Indian semiconductor startups are urging the government for stronger market access and intellectual property protection. They highlight the need for procurement support to foster growth and maintain domestic ownership. Existing schemes have boosted design capabilities, but incentives for electronics makers to adopt Indian chips are lacking. Founders emphasize that capital availability, not just nationalism, drives ownership decisions.

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France’s Mistral in funding talks at about €20 billion valuation

French AI startup Mistral AI is reportedly in talks to raise approximately €3 billion ($3.5 billion) at a valuation of around €20 billion. This significant funding aims to bolster its position in the competitive AI landscape against US and Chinese rivals. The company, founded by former Google and Meta researchers, focuses on providing AI infrastructure for European governments and industries.

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Ather Energy board approves Rs 2,500-crore fundraising plan

Ather Energy's board has greenlit a substantial fundraising plan, aiming to secure up to Rs 2,500 crore. This significant capital infusion will be achieved through a combination of equity and convertible securities, including a Rs 1,500 crore Qualified Institutional Placement and Rs 1,000 crore from various other instruments.

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Elon Musk recalls SpaceX’s journey from mere 10% chance of success to the world’s biggest IPO

Elon Musk revealed that when he founded SpaceX he gave it less than a 10% chance of success. However, the aerospace giant on Friday, debuted on Nasdaq in the largest IPO ever, with its valuation surpassing $2 trillion. This blockbuster listing also propelled Musk to become the world's first trillionaire.

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SpaceX officially confirms Nasdaq listing date

SpaceX is set to make history with the largest initial public offering ever, commencing trading on the Nasdaq exchange on Friday.

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Aum Ventures plans to invest Rs 750 crore in innovative startups in 5 years

VC firm Aum Ventures has launched its second fund, India Innovation Fund II, targeting Rs 750 crore. The fund aims to invest in 25-30 innovative, IP-driven startups over five years, focusing on pre-seed and seed-stage companies. This follows their previous deployment of $30 million across 24 early-stage ventures.

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Anthropic pursues data center leases, seeks financial backing from Google

AI firm Anthropic is planning to lease and manage its own data centers. The company is seeking financial backing from Alphabet's Google for lease payments. Anthropic has signed preliminary agreements for over 1 GW of US data center capacity. Google, a backer, may provide a financial guarantee for lease payments.

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Google to invest $50 million to train over 300,000 workers for construction and technical jobs

Google is investing fifty million dollars to train more than three hundred thousand workers. This initiative targets construction and technical roles like electrical work and plumbing. The funding will support programs across twenty states, partnering with unions and associations. This effort aims to address a growing labor shortage in essential industries. Google's commitment builds on previous global skilling investments.

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Musk's xAI accused of illegally firing engineer who raised safety concerns

Devin Kim, a former engineer at xAI, has launched a lawsuit alleging wrongful termination after he voiced serious concerns about the safety risks associated with the AI chatbot Grok. Kim contends that his proactive warnings put him in the crosshairs of the company, leading to his dismissal.

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US shortens cyber fix window to three days as AI threats rise

Government agencies are racing against a tight three-day deadline to address significant cybersecurity issues. This urgent requirement has been established in light of emerging threats from hackers employing sophisticated artificial intelligence. The Cybersecurity and Infrastructure Security Agency has paved the way for this proactive measure, aiming to bolster the resilience of American network infrastructure.

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SEZ import relief to fast track chip projects

India's semiconductor manufacturing sector is set for a major boost. New rules exempt imports for Special Economic Zones from quality checks. This will speed up the setup of chip fabrication plants and assembly units. Companies can now import necessary equipment and materials without delays. Compliance with Indian standards will only be required when products enter the domestic market.

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