Secures

Elon Musk's artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, Bloomberg News reported on Friday.The artificial intelligence (AI) startup xAI is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, the report added, citing people familiar with the matter.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian…

Boeing said it had agreed to deliver 150 of its 737 MAX aircraft to India’s Akasa Air, providing a vote of confidence in one of the industry’s fastest-growing markets as the plane maker faces pressure from regulators over a structural failure involving a different variant of its MAX jets. Boeing said it had agreed to deliver 150 of its 737 MAX aircraft to India’s Akasa Air, providing a vote of confidence in one of the industry’s fastest-growing markets as the plane maker faces pressure from regulators over a structural…

Less than a year after officially unveiling its all-electric L1 electric RV trailer, Lightship has announced it is now flush with funding to accelerate its production. Here’s the latest on the promising young startup. Lightship is a startup with roots in San Francisco and Boulder, Colorado, founded in 2020 by Ben Parker and Toby Kraus – two industry veterans with impressive resumes that include notable contributions at Tesla. The company first caught our eye in the summer of 2022 before…

Swedish lithium-ion battery producer Northvolt has raised an additional $5 billion, firmly locking in its position as one of Europe’s best-funded startups and recipient of the largest-ever green loan from the EU. The company is adding that cash to its pot of $13 billion in equity and debt to expand operations across the world. Northvolt is looking to build and expand battery plants across Sweden, Poland, Germany, the United States, and Canada. The $5 billion will be used to expand its first cell…

Nokia announced the establishment of Nokia Federal Solutions – a sub-division that will work closely with the United States federal government to provide critical technology and services to various agencies. The NFS will provide solutions to the unique requirements of the United States, including IP Routing, Optical Networking, Microwave, 5G, Private Wireless and Tactical Private Wireless technology. Tommi Uitto, President of Mobile Networks at Nokia, said this step is important for the company's future in defense…

AI-based global admissions startup, Ambitio, which helps students in pursuing higher education abroad, has raised Rs 1.5 crore in pre-seed round of funding from First Cheque and angel investors from the US and India.Founded by IIT BHU graduates Dirghayu Kaushik, Vikrant Shivalik and Vaibhav Tyagi, Ambitio is building India's first AI admissions platform, to help applicants secure admissions in top global universities.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of…

Syndicate One, a Brussels-based angel investment group, has completed an initial €4.8mn close of its debut fund, after opening its capital to external investors for the first time in 2023. A second close is planned for early 2024. The capital will be used to further the group’s mission: boosting Belgium-based and Belgium-founded tech startups that show high potential. The early-stage investment group was launched in 2022 and draws from a pool of experienced founders, startup operators, and…

Gurugram-based fintech startup SalarySe has raised $5 million in its first institutional funding round from Peak XV’s seed fund Surge and Pravega Ventures.The startup was founded in the middle of 2023 by IIT graduates Piyush Bagaria and Saumeet Nanda along with Mohit Gorisariya, a chartered accountant. It is building a technology platform to offer credit on digital payment railroad Unified Payments Interface (UPI). Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of…

Ford remained the second top-selling EV brand in the US, behind only Tesla, after selling nearly 26,000 EVs in Q4. The F-150 Lightning was America’s best-selling electric truck in 2023, while the Mustang Mach-E had its best sales year yet. Ford sold a record 25,937 electric vehicles in the last three months of 2023, up 24% over the third quarter. The American automaker sold a total of 72,608 EVs in 2023 (+18% YOY), a new record. The growth was enough to remain the second top-selling EV brand…

POLAND - 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesCryptocurrency exchange Coinbase secured registration with the French markets regulator, a company spokesperson confirmed Thursday, paving the way for the firm to expand its services in another key European market.France's AMF watchdog gave Coinbase a virtual asset service…