The company is reportedly looking to secure approximately USD 500 million in this new round of funding, as it seeks to expand its capabilities and market presence
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The venture aims to develop proprietary AI models and is still in its early stages
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Founded five years ago, AGNIT is recognised as India's only vertically integrated Gallium Nitride (GaN) semiconductor startup
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Fintech acquisitions in India down, with only four acquisitions in Q3 2024, marking a 50 per cent drop from the eight recorded in Q3 2023
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This is the first time that Dr. Andrew Ng’s AI Fund has backed an Indian startup
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The funding round for World Labs was led by prominent investors including Andreessen Horowitz, New Enterprise Associates, and Radical Ventures, with additional backing from major tech players like AMD, Intel, and Nvidia
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This would be a dramatic jump from the company’s earlier valuation of USD 86 billion, positioning OpenAI as one of the most highly valued startups in the artificial intelligence space
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The funding was led by General Catalyst, with Dragon Fund and Epiq Capital joining as new investors
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Venture capital firm Thrive Capital is expected to spearhead this significant funding effort
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Imposing limits on the minimum size of IPOs could adversely impact India's economic growth and market regulators should focus on proactive measures rather than reactive responses to failures, say industry leaders
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