Indian financial technology giant Paytm is expanding its global presence with a $1 million investment in Brazil-based financial startup Dinie. The investment, made by Paytm’s wholly owned subsidiary, Paytm Cloud Technologies, will secure a 25% stake in Seven Technology LLC, Dinie’s US-based parent company. UU. Strategic Expansion in Brazil The deal, which is expected to […]
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Tesla faces an inflection point, where it must deal with both internal challenges and market pressures as sales of its electric vehicles (EVs) slow. Despite its ambitions for autonomous driving technology, the company’s latest earnings report for the fourth quarter of 2024 highlights a significant drop in profitability. Profits decline amid market challenges In the […]
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Mercedes-Benz is shaking up the luxury SUV market with the announcement of a more affordable version of its popular GLE350 for the 2025 model year. By introducing a new rear-wheel-drive (RWD) variant, the automaker aims to attract a broader range of buyers while maintaining the premium features and performance that define the GLE lineup. A […]
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OpenAI has announced that it needs “more capital than we’d imagined” as it prepares to transition into a for-profit company. Led by Sam Altman, the AI pioneer revealed plans to restructure its existing for-profit arm into a Delaware public benefit corporation (PBC). This new structure is designed to balance societal interests with shareholder value. Pursuit […]
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BeastLife, a fitness brand offering products like whey protein, creatine monohydrate, and energy-boosting mass gainers, is set to be introduced by YouTuber Gaurav Taneja in the upcoming fourth season of Shark Tank India. Taneja, popularly known as “Flying Beast,” will pitch his startup on the show, which premieres on Sony TV on January 6, 2025. […]
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Automated accounting software provider Aiwyn Inc. has raised $113 million in a funding round led by KKR’s Next Generation Technology III Fund and Bessemer Venture Partners. This latest investment brings the North Carolina-based startup’s total funding to $127 million and cements its position as a leader in accounting automation solutions. Transforming Revenue Management with AI […]
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A world-first venture capital fund has been established by Australian farmers to support new software startups that aim to address the most pressing issues facing agriculture. The $60 million fund, which will be delivered by research and development organization Hort Innovation in collaboration with investment firm Artesian, will look for goods and services that could […]
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Three sources claim that less than a year after obtaining $25 million for its seed round, MatX, a business that designs processors that support huge language models, has raised a Series A of about $80 million. An individual familiar examined the transaction told TechCrunch that Spark Capital spearheaded the investment and valued the business at […]
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Investors have been pouring money into nuclear fusion, the futuristic technology that seems to be making slow progress toward commercial viability, while the globe scrambles to build more power plants to satisfy AI’s insatiable appetite for electricity. The most recent example is Tokamak Energy, a startup company based in the United Kingdom that is trying […]
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With $7.5 million in seed funding, the German business Juna.ai GmbH, which uses artificial intelligence to increase factory efficiency, started today. The investment was spearheaded by Kleiner Perkins. Prominent venture capitalist John Doerr, the Stockholm-based fund Norrsken VC, and other sponsors joined it. Matthias Auf der Mauer is the CEO of Juna.ai. Sensirion Holding AG, […]
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