Tuesday, July 23, 2024

Kreditbee, Khatabook's domicile shift likely to pave way for IPOs

Valued at $700 million, Kreditbee flipping base to India will set the stage for a domestic initial public offering by the company — the key reason behind moving domicile here. Khatabook, another fintech backed by Y Combinator and Tribe Capital, has also begun work on moving its domicile to India from the US, sources briefed on the matter said.

from Tech-Economic Times https://ift.tt/qn6Udu1

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Elon Musk's Tesla, SpaceX launch Terafab chips project; here's all you need to know

The project envisages setting up space-based AI computing, enabled by solar-powered satellites that could host data centres in orbit. From 1...