Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
Tags: Artificial intelligence
Godmother of AI' Fe-Fei Li Secures $1B Valuation for New Startup, World Labs
Fei-Fei Li’s AI startup, World Labs, raised $230 million in funding, valuing the company at over $1 billion as it prepares to develop AI models for 3D interaction by 2025.
World's First-Ever AI Law Now Enforced in Europe, Targeting US Tech Giants
The European Union's new AI Act, effective August 1, 2024, introduces strict regulations for AI technologies, impacting major U.S. tech companies with its comprehensive framework and penalties for non-compliance.
Microsoft to Spend More Funding to Develop AI Infrastructure
Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.
Elon Musk Says Tesla’s Robotaxi Service to Launch on Oct. 10
Tesla CEO Elon Musk said that the company would be delaying the launch of its long-awaited robotaxi service on Oct. 10, around two months after the planned date.
Latest News
Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.
Shares of the TSMC rose to a record intraday high in Taipei’s stock market after Morgan Stanley and other brokers boosted price targets on the company before its earnings.
Samsung estimated that it made a meteoric 15-fold rise in its second quarter operating profit, which it said was better than its expectations.
Computer scientist, futurist, and artificial intelligence advocate Ray Kurzweil is optimistic that he will become one with the 'Singularity’ by his eventual death.
China filed six times more patents for artificial intelligence (AI) technologies than United States-based inventors, according to a UN report.
China's UN envoy criticized the United States' recent draft rules targeting investments in artificial intelligence and other tech sectors in China.
Nokia is set to acquire US optical networking gear maker Infinera in a deal worth $2.3 billion. Nokia is set to acquire US optical networking gear maker Infinera in a deal worth $2.
Amazon said it was reviewing claims that Perplexity AI was scraping content without any approval, including content from prominent news sites.
