Articles for tag: artificial intelligence, Funding, Perplexity AI, plagiarism allegations, revenue sharing, search engine, tech competition

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Perplexity AI is raising $500 million amid competition with OpenAI and Google, while facing controversy over plagiarism accusations.

Perplexity AI, an emerging artificial intelligence search engine, is nearing the completion of a funding round aimed at raising $500 million, which would increase its valuation to $9 billion. Competing with heavyweights like Google and OpenAI, Perplexity has seen rapid growth, with its valuation rising from $3 billion earlier this year. Despite excitement around generative ...

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Qure.ai secures M funding to expand AI health solutions globally, revolutionizing diagnosis and treatment in critical diseases.

Qure.ai secures $65M funding to expand AI health solutions globally, revolutionizing diagnosis and treatment in critical diseases.

Qure.ai, an innovative healthtech company based in Mumbai, has successfully raised $65 million in a Series D funding round. This investment will help accelerate its expansion into the U.S. and other markets, improve its foundational AI models, and support potential acquisitions in the med-tech space. Founded in 2016, Qure.ai aims to make healthcare more accessible ...

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M2P Fintech secures Rs 850 crore funding, eyes expansion in Africa’s growing fintech landscape and strengthening operations in Asia.

M2P Fintech secures Rs 850 crore funding, eyes expansion in Africa’s growing fintech landscape and strengthening operations in Asia.

M2P Fintech, a banking infrastructure company, recently announced it has raised Rs 850 crore in its series D funding round, with a valuation exceeding Rs 6,550 crore. The round was led by Helios Investment Partners and included existing investor Flourish Ventures. The funds will support M2P’s operations in India and aid its expansion into Africa, ...

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Atlys secures  million funding amidst explosive growth, revolutionizing visa processing for millions of travelers, especially from India.

Atlys secures $20 million funding amidst explosive growth, revolutionizing visa processing for millions of travelers, especially from India.

Atlys, a visa processing platform, has successfully raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital. This new investment brings Atlys’ total funding to $40 million and comes as the company has experienced remarkable 20x growth in the past year. The funds will support Atlys’ expansion into ...

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SpiceJet secures Rs 3,736 crore funding to regain market share and restore its reputation amidst ongoing financial struggles.

SpiceJet secures Rs 3,736 crore funding to regain market share and restore its reputation amidst ongoing financial struggles.

SpiceJet, the low-cost airline, has successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) from global investors to improve its efficiency and reliability. The airline also plans to receive an additional Rs 736 crore from past funding to bolster its financial stability and support growth initiatives. With this investment, SpiceJet aims to strengthen ...

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PhysicsWallah secures 0M funding, soaring to a .8 billion valuation, igniting hope in India’s struggling edtech landscape.

PhysicsWallah secures $210M funding, soaring to a $2.8 billion valuation, igniting hope in India’s struggling edtech landscape.

PhysicsWallah, the renowned edtech unicorn founded by Alakh Pandey, has successfully raised $210 million in a recent funding round led by Hornbill Capital. This investment boosts the company’s valuation to an impressive $2.8 billion, a 2.5 times increase from its previous valuation of $1.1 billion. The latest funding comes at a challenging time for the ...

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Amidst slowing bank funding, Aye Finance secures  million to empower micro-enterprises, bolstering their mission to drive financial inclusion.

Amidst slowing bank funding, Aye Finance secures $30 million to empower micro-enterprises, bolstering their mission to drive financial inclusion.

Aye Finance, a non-banking financial company based in Gurugram, has successfully raised $30 million in a Series G funding round led by ABC Impact, which is backed by Temasek. This funding comes just eight months after Aye Finance secured $37 million in its Series F round, bringing its total funding to $164 million since 2014. ...

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Physics Wallah secures 0 million in funding, skyrocketing its value to .8 billion, while aiming to transform India’s educational landscape.

Physics Wallah secures $210 million in funding, skyrocketing its value to $2.8 billion, while aiming to transform India’s educational landscape.

Physics Wallah, an EdTech company founded by Alakh Pandey and Prateek Mishra, has successfully raised $210 million in its Series B funding round, increasing its valuation to $2.8 billion. This funding, led by Hornbill Capital and supported by investors like Lightspeed Venture Partners, reflects confidence in Physics Wallah’s vision to democratize education in India. The ...

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India’s AI mission, with Rs 10,372 crore funding, aims to boost compute capacity through public-private partnerships for innovation.

India’s AI mission, with Rs 10,372 crore funding, aims to boost compute capacity through public-private partnerships for innovation.

India’s government is set to enhance its artificial intelligence (AI) capabilities with the India AI mission, which has a budget of Rs 10,372 crores. A significant portion, over Rs 4,500 crores, will focus on increasing “compute capacity” through potential viability gap funding. During a Deloitte India event, Electronics and IT Secretary S Krishnan announced plans ...

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Amidst Budget Banter, Pradhan Questions BJP’s ‘Development’ Claims: Is Odisha Stuck in a Funding Time Warp?

In a recent session of the Bhubaneswar State Legislative Assembly, former Secretary of the Department of Works, Nalini Kanta Pradhan, delivered an insightful critique of the budget proposals presented by the BJP government. Addressing the allocation of Rs 10,750 crore for the Works Department, Pradhan noted that these funds are primarily directed towards ongoing projects ...

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