Chinese AI startup Moonshot AI is reportedly preparing for a Hong Kong initial public offering at a valuation approaching $50 billion, a move that could turn Chinese frontier-model competition into a public-market race.
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.
The Open Field is working with tribal and forest-dependent communities in Jharkhand and Chhattisgarh to formalise forest-produce value chains, deploying portable Ayan Hubs and building a data-led Forest OS.
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.
D2C ayurvedic beauty brand The Ayurveda Co, along with sister brand Khadi Essentials, has formally shut down more than a year after ceasing operations, with cofounder Param Bhargava citing overexpansion.
Uber is set to lay off around 200 to 250 employees in India as part of a global restructuring that will eliminate roughly 3,300 roles worldwide, its largest reduction since the pandemic.
India's largest stockbroker Zerodha has received SEBI's approval to operate as a merchant banker through subsidiary Zerodha Corporate Advisors, as it diversifies beyond its core broking business.
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.