Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Companies help employees amid the heatwave■ Former BharatPe COO launches venture fund■ Ecom Express posts spike in FY23 revenueKaiser Permanente may steer $250 million funding in SaaS unicorn Innovaccer 109767663Software-as-a-service (SaaS) startup Innovaccer is in the middle of raising a $200-250 million...
ST. GEORGE — Piles of lumber, tractors, workers walking around in hard hats – welcome to Southern Utah. The area’s growth is seemingly unstoppable, with new buildings and renovations springing up everywhere you look. In this episode of “What’s Going There,” Southern Utah’s show about developments and businesses in the works, Tom Callister with Linx […]
The chief executive of Norway's gigantic sovereign wealth fund on Tuesday said there is "clearly a lot of froth" in the tech sector.
Spending on lobbying to shape AI policy in Washington is soaring—and tech
Most new features and experiments Adobe has announced recently involve AI, like object addition and removal for Premiere Pro and text-based image generation in Photoshop. Now, the company has unveiled VideoGigaGAN, an experimental AI feature it says can upscale video by eight times without the usual artifacts like flickering or distortion, The Verge reported. VideoGigaGAN beats other Video Super Resolution (VSR) methods because it avoids the usual artifacts and flickering introduced by GAN...
Happy Tuesday! The government is working with SBI Card and telecom companies to tackle the menace of OTP-based online payment frauds. More on this in today’s ETtech Morning Dispatch.Also in the letter:■ WeWork to sell 27% stake in India unit■ Europe is a hotspot for Indian IT M&As■ Peak XV MD to leave VC fund Centre, SBI Card, telcos come together to tackle OTP frauds 109515406The government has teamed up with SBI Card, the credit card business of State Bank of India and telecom...
Silicon Valley-headquartered fund Tribe Capital is doubling down on ecommerce logistics startup Shiprocket through its newly set up special purpose vehicle (SPV) in India.Tribe’s cofounder, Arjun Sethi, told ET in an interaction that the SPV will not only invest in but also build and buy out companies here — a departure from the typical framework under which global venture capital firms operate in India.The SPV will invest $75 million in Shiprocket, where the fund is already the largest...
The rise of artificial intelligence is often met with mixed emotions. While many fear that this powerful technology will replace their jobs, some see it as an opportunity to reskill and embark on an exciting new career path. It seems that the people of Wales are in the latter camp. New research from the Robert […]
Digital bank Monzo is in the process of finalising a new expanded fundraising with major tech investor Hedosophia, according to reports.
Former Tech Mahindra India business head Jagdish Mitra has set up an AI startup with a proposed initial investment of Rs 65-80 crore. The startup is likely to commence operations in the next three months. We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million, Mitra -- one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned -- told PTI. Cost arbitrage factor, driven by manpower, is going to be seriously impacted. It...
European Union (EU) antitrust regulators are reportedly preparing to approve Apple’s tap-and-go mobile payments system proposals as early as May. The tech company had proposed to open the system to rivals after being accused by the European Commission (EC) of thwarting competition. After getting feedback from Apple’s rivals and customers, and having the company make some modifications to its proposals, […]
During her time as vice president to President Joe Biden, Kamala Harris has worn many hats. Being the first woman in United States history to hold the position, Harris has traveled across the country to talk about the Biden administration’s efforts in regard to reproductive rights, abortion, and gun violence, among other topics. On Monday, […]