The local co-designed action plan has successfully secured £8,047,327 which will fund 58 council area projects. Mayor of Derry City and Strabane District Council Cllr Patricia Logue welcomed the news today, commenting: “Reaching this point has been the culmination of a long process working with, listening to, and empowering local communities across the entire geography of our city and district. "It has involved designing, costing and detailing 58 projects under three themes – Community...
London tech startup Oriole Networks has secured £10m in a seed round to support its mission to speed up the training of AI models.
Subko, a specialty coffee roaster and craft bakehouse, has raised $10 million in a funding round led by Zerodha cofounder Nikhil Kamath.The round also witnessed participation from a clutch of investors including Blume Founders Fund, The Gauri Khan Family Trust, actor John Abraham, JSW Foundation's Sangita Jindal, Srinivas and Pallavi Dempo, and The Mehta International Mauritius Ltd Group, among others.“We have a four-vertical approach We are not only a specialty coffee, but also a craft...
This AI Impact Tour stop will bring together leaders in generative AI and enterprise security, and features case studies from industry giants like Honeywell and Ally Financial, showcasing how they're both leveraging generative AI applications, but also using AI to revolutionize security operations.
Carbon emission management platform Sprih has raised $3 million in a funding round led by early-stage venture capital firm Leo Capital. The company said that the funds will be used for expanding globally on the sales front, acquiring talent for developing artificial intelligence (AI) models focusing on climate issues and expanding the network of partners. “We are trying to bring all the climate data in one place and for that, we are going to keep investing in research and product development,”...
Today, artificial intelligence (AI) is no longer a futuristic concept but a tool that is driving operational efficiency, customer experience, and decision-making processes. Organizations are observing its transformative power firsthand across various industries and organizational aspects.
BT Group expanded its partnership with cloud security specialist Zscaler, a deal enabling the operator to offer a full stack of new enterprise security services based on the latter’s AI-powered platform.
Here's how AI is transforming the startup landscape — and how you can leverage AI to gain a competitive advantage and fuel long-term growth.
London-based investor Ascension VC has secured £17m for the first close of its fund backing tech for good startups. The VC firm is targeting £50m in total for Ascension Fund III (AFIII) and expects to secure its second close in 2025. Ascension VC said it aims to reduce social inequalities by backing tech startups serving […]
The artificial intelligence boom has hit the crypto market with a bang. Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor appetite for applications like machine-learning. The rise of many AI crypto tokens has outpaced even that of bitcoin over the past year as the world's biggest cryptocurrency has surged to record levels. Their combined market value has ballooned to $26.4 billion, from just $2.7 billion last April,...
Several new economy ventures, primarily in the fintech sector, have received income tax notices in recent weeks with respect to venture capital raised by them, according to people in the know. The notices — served under Section 68 of the Income Tax Act — have clubbed the investments received by these startups with the income earned by them, and tax and penalties have been levied on the combined amount, the sources said.So much so that one startup, registered with the Department for Promotion of...
Extra financing will bring technology giant’s total investment in OpenAI rival to $4bnAmazon said on Wednesday it will pour an additional $2.75bn into Anthropic, bringing its total investment in the artificial intelligence startup to $4bn.The technology giant will maintain a minority stake in San Francisco-based Anthropic, a rival of ChatGPT maker OpenAI. Continue reading