Shareholders of Indian media giant Zee Entertainment Enterprises Ltd. approved a promoter group fund infusion worth INR3143.5 crore ($330 million) and a new employee stock option plan at an extraordinary general meeting, a day before India’s securities regulator barred the company and two of its top executives from the market. The Mumbai-headquartered media and technology
Defense technology company Anduril is said to be raising a new round of capital that may increase its valuation to between $40 billion and about $100 billion, Reuters reported, citing unnamed sources. The company, which raised $5 billion in May at a valuation of $61 billion (roughly double the $30.5 billion valuation it garnered in
Prentis, a new artificial intelligence research lab focused on computer usage models, co-founded by serial entrepreneur Ritankar Das and tech heavyweights Reid Hoffman and Mark Pincus, is in talks to raise $100 million at a $1 billion valuation, according to two people familiar with the discussions. Launched in April, Prentis is training models to learn
Prentis, a new artificial intelligence research lab focused on computer usage models, co-founded by serial entrepreneur Ritankar Das and tech heavyweights Reid Hoffman and Marc Pincus, is in talks to raise $100 million at a $1 billion valuation, according to two people familiar with the discussions. Launched in April, Prentis is training models to learn
So what effect is all this having on the region as a whole? First, it is important to note that two countries previously devastated by ruinous civil wars – Iraq and Syria – are now largely peaceful and stable, at least compared to where they were. The Gaza war is technically a ceasefire, although Gazans
When de-extinction startup Colossal Biosciences revealed last year that it was attempting to “resurrect” the dire wolf from genetic material found in fossils, we argued that, despite the controversy surrounding the project, the company was building valuable technologies that justify its $10.2 billion valuation. Now, about 16 months later, the startup is in talks to