U.K. Government’s contradictory approach to AI safety regulation
In recent weeks, the U.K. government has been making efforts to establish itself as a global leader in AI safety. However, it has refrained from passing new domestic legislation to…
Argentem Creek Partners obtains In-Principle Approval from Abu Dhabi Global Market
Argentem Creek Partners (‘Argentem’), an emerging markets specialist investment firm, announces that it has been granted an In-Principle Approval (IPA) for a Financial Services Permission (FSP) on 20th June 2023…
Wagr Launches AI Chatbot ‘Toto’ to Revolutionise Pet Care Guidance in India
Assisted over 3,000 pet parents, the company sets its sights on reaching ten lakh pet parents this year. Wagr, the leading pet-tech start-up, has introduced ‘Toto,’ the world’s first AI-powered…
Instagram’s Threads app gains significant traction in India
Instagram’s Threads app is gaining significant traction in India, where users account for a third of the app’s total global downloads, as per a recent report by app intelligence firm…
Deliveroo and ITC collaborate on rider safety programme in Abu Dhabi
In a joint effort with the Integrated Transport Centre (ITC) under the Traffic Committee in Abu Dhabi, Deliveroo has launched a Rider Safety Programme. This new initiative aims to promote…
Foxconn plans new manufacturing plant in Karnataka
Taiwanese electronics manufacturing giant Foxconn has proposed setting up a new facility in Karnataka, India. The state minister MB Patil announced on Twitter that Foxconn intends to invest INR 8,800…
Dunzo seeks capital from Reliance Retail amid cost-cutting measures
Dunzo, the hyperlocal delivery startup, is exploring the possibility of securing additional funding from its largest investor, Reliance Retail, to extend its financial runway. The company continues to implement cost-cutting…
Microsoft grapples with China-backed hackers, ongoing investigation raises concerns
Microsoft continues to grapple with the aftermath of a cyber attack orchestrated by China-backed hackers, who stole a critical key enabling them to stealthily access numerous email inboxes, including those…
Tesla directors to return $735 million to settle shareholder lawsuit
Tesla’s directors have agreed to return $735 million to the company to resolve claims from shareholders, alleging excessive compensation for themselves. The settlement, which was filed in court on Monday,…
Matrix Gas Concludes Pre-IPO Fundraising and Files DRHP for IPO
Matrix Gas and Renewables Limited, one of the fastest growing gas aggregator in India, announced the successful completion of its Pre-IPO fundraising through preferential allotment held on July 06, 2023.…