Tuesday, April 25, 2023

Unacademy to be profitable at group level in April: CEO Gaurav Munjal

With a cash balance of Rs 1,977 crore and an average monthly burn of Rs 17 crore, the Unacademy group will have at least 116 months of runway, according to screenshots of an internal presentation made during a company board meeting held on April 14.

from Tech-Economic Times https://ift.tt/mnhIq9z
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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...