The report revealed that from January to August this year, the Indian startups have raised USD 7.5 billion through venture capital funding, which was USD 4.9 billion last year during the same period
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Sutskever's company, based in Palo Alto, California, and Tel Aviv, Israel, will look to develop AI with a strong focus on safety
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This news follows the recent revelation that venture capital firm Thrive Capital plans to inject approximately USD 1 billion into OpenAI
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Black Box raises Rs 410 crore in funding through a preferential issue of 98,32,123 fully convertible warrants at a price of 417 pounds per warrant
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The funds raised through the QIP will support the company's growth plans
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The company is beginning on a strategic expansion by setting up chip design centres in Chennai and Bangalore, and licensing product IP from Taiwan, Japan, and the US
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Seed-stage funding saw a slight increase to USD 455 million, early-stage funding remained steady at USD 1.3 billion, and late-stage funding rose to USD 2.4 billion
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The growth was predominantly due to a surge in AI startups, which accounted for 74 per cent of the new ventures
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GitHub CEO Dohmke identifies AI regulation and funding as key challenges for India’s tech sector
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The storied investor and former Infosys CFO urges greater R&D funding to drive Indian innovation
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