Startups lead AI push into construction amid labour shortages

Construction is fast shedding its tech-resistant tag as AI-powered startups roll up sleeves to tackle labour shortages and speed up industry’s digital transformation, writes ET.

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AI startup Sierra raises $950 million at $15 billion valuation

AI startup Sierra has secured a significant funding round of $950 million. This investment values the company at over $15 billion. Sierra plans to use the funds to expand its platform. The company aims to become a global standard for AI-driven customer experience. Sierra's AI agents are already powering billions of customer interactions for major companies.

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Centre announces 15,000 scholarships for AI-use in media, entertainment, gaming

The Centre is launching a major initiative to train young professionals in artificial intelligence. Fifteen thousand scholarships will be offered for the media, entertainment, gaming, and animation sectors. This program aims to boost skills in emerging technologies. Collaborations with IICT, Google, and YouTube will provide specialised training. Participants will gain hands-on experience in AI-enabled creative processes.

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UpGrad to acquire Unacademy at lower Rs 2,000 crore valuation

Upskilling platform UpGrad is set to acquire Unacademy in an all-stock deal valued at ₹2,055 crore, significantly below Unacademy's peak valuation. Unacademy will bring substantial cash reserves to the deal, which is awaiting Competition Commission of India approval. This consolidation marks a significant move in India's edtech sector amidst a post-pandemic slump.

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Galaxeye eyes 8-week timeline to begin commercial data rollout; defence demand to anchor early revenues

GalaxEye is set to launch commercial sales of satellite imagery from its new Mission Drishti satellite in eight weeks. Defence and security agencies are anticipated to be the primary customers. The company's satellite combines advanced radar and multispectral sensors. This move signifies a significant step in monetizing private space technology in India, moving beyond experimental phases to scalable applications.

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Spacetech startup GalaxEye launches Mission Drishti from SpaceX

Spacetech startup GalaxEye successfully launched its first earth observation satellite, Mission Drishti, aboard a SpaceX Falcon 9. This 190-kg satellite, developed over five years, combines electro-optical and SAR sensors for all-weather, day and night imaging, aiming to deliver valuable data to clients globally.

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SIS Ltd eyes Rs 20,000 crore revenue in FY27; targets 5 lakh workforce by 2030

SIS Ltd targets Rs 20,000 crore revenue by FY27. The security and facility management firm anticipates strong growth fueled by network expansion and new labour codes. The company is also embracing AI for enhanced customer service and operational efficiency. SIS plans to increase its workforce significantly by 2030.

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Tesla made $573 million in sales from SpaceX and xAI last year

Tesla earned over $500 million from Elon Musk's companies last year. xAI, his AI startup, accounted for about $430 million. SpaceX, the rocket firm, contributed another $143 million. This business involved AI chatbots and energy storage. Tesla also saw revenue from xAI early this year.

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Meta faces US lawmaker scrutiny over removal of lawyer ads for social media addiction cases

Two US senators have written to Meta CEO Mark Zuckerberg. They criticize the company's decision to remove advertisements. These ads were from attorneys seeking clients harmed by social media platforms. The attorneys aimed to recruit plaintiffs for lawsuits. These lawsuits accuse companies like Meta of fueling a youth mental health crisis. Senators state this removal preserves a harmful business model.

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OpenAI to augment workers, not replace them: CEO Sam Altman

OpenAI CEO Sam Altman believes AI will make people busier, not replace them, despite acknowledging significant labor market disruption. He stated the company aims to build tools that augment human capabilities, not replace them. Altman's comments align with OpenAI's plans to nearly double its workforce and its guiding principles for artificial general intelligence development.

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Musk testifies he did not read 'fine print' about OpenAI becoming for-profit company

Elon Musk is in court battling Sam Altman's lawyer over his lawsuit against OpenAI. Musk claims the AI company abandoned its nonprofit mission for profit. He seeks massive damages and a return to its original structure. OpenAI argues Musk is motivated by control and bitterness. The trial is ongoing and could shape AI's future.

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