Broadcom's AI-related chip revenue has jumped 221% year-on-year, underscoring surging demand for custom AI silicon as hyperscale customers diversify away from general-purpose GPU suppliers.
Nvidia has agreed to acquire AI model-hosting platform Hugging Face for $12.93 billion, its largest acquisition to date, as the chipmaker deepens its control over the AI development stack.
Nextgen Finance has raised INR 215 crore, with prior RBI approval, to scale its secured MSME lending business beyond India's top 100 locations, led by Beams Fintech Fund.
Adobe has acquired Indian AI marketing intelligence startup Rilo, licensing its technology and onboarding its six-member team in the company's second acquisition from India.
Bengaluru-founded baby-tech startup Cradlewise has raised $12 million in Series A funding led by 3one4 Capital and Prudent Investment Management, taking its total funding to $26 million.
Electronics and IT Minister Ashwini Vaishnaw says India's recent semiconductor progress marks only the beginning of a much longer national effort spanning two decades.
Chinese electric-vehicle maker XPeng has raised $900 million from Tencent and IDG Capital at a $6.3 billion valuation to advance its humanoid robotics programme.
Canadian clean-tech company Cyclic Materials has raised $75 million from T. Rowe Price to scale its technology for recovering high-purity rare earth oxides from discarded electronics and industrial scrap.
Conversational engagement platform Gupshup has launched a no-code Voice AI Platform that lets businesses build, deploy and monitor AI agents handling sales, support and verification calls.
Biotech company ProFound Therapeutics has raised $35 million from the Bill & Melinda Gates Foundation to advance its AI platform for discovering novel protein-based drug targets.