The latest from India's startup and technology ecosystem
New SraVaani-1.0 ASR model, built on FastConformer, supports 65 Indian languages and dialects, trained on 31,255 hours of speech from the VAANI corpus, addressing a critical gap in inclusive speech recognition.
Cars24 invests $5 million to launch Deployment Inc., an independent enterprise AI company. This move signals a new trend for established tech firms spinning off internal capabilities into standalone ventures.
Paytm faces contrasting forces: market optimism driven by potential UPI MDR, pushing shares to a 52-week high, alongside a new SEBI show cause notice regarding a 2023 disclosure. An analysis of balancing growth with regulatory oversight.
Deep-tech startup Discovered Materials raises $9 million (Rs 85 crore) in a seed round led by Lightspeed India, with Y Combinator and Peak XV Partners, to hunt for more efficient chip materials.
Ola Electric's subsidiary, Ola Cell Technologies (OCT), receives a five-year extension for its ACC PLI scheme, unlocking ₹7,240 crore in incentives. This decision from the MHI resolves recent auditor concerns over penalty provisions and offers crucial compliance flexibility for India's EV battery manufacturing sector.
Electric mobility platform Yulu raises $93 million in Series C funding, led by GEF Capital, to scale its EV fleet and enter the full-size electric scooter segment, marking a significant strategic expansion.
SurakshaEval is a new human-written safety benchmark for ten Indian languages and English, addressing cultural nuances and identifying recurring LLM safety failures.
Nvidia has partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create AI compute financing platforms, aiming to mobilize over $500 billion in third-party capital for global AI infrastructure development.
The SEC has settled charges over pre-IPO share fraud involving SpaceX, post its June 12 IPO. This analysis examines the implications for Indian startups and private market regulations, contrasting it with SpaceX's commercial space deals.
Microsoft unveils plans for its Maia 300 AI chip, expands its India cloud region, and releases an AI agent building guide, showcasing an integrated strategy across hardware, infrastructure, and developer tools.