Elon Musk says his AI firm xAI is not raising funds 'right now'

The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the Securities and Exchange Commission showed on Tuesday.

from Tech-Economic Times https://ift.tt/cFHaw5o

Apple taps companies in India, Taiwan, South Korea, Japan for critical parts

In January, about 17 Chinese companies that supply components for Apple’s devices applied for government clearances to set up manufacturing facilities in India.

from Tech-Economic Times https://ift.tt/n52STKl

Perfios eyes US, Europe expansion in 9-12 months: CEO Sabyasachi Goswami

The software-as-a-service startup has been chalking out plans to enter the US and European markets next year. According to Goswami, almost 10% of the firm’s revenue can come from these adjacent industries in the next two to three years.

from Tech-Economic Times https://ift.tt/vNqWzMy

Failure to curb deepfakes may lead to action under IPC too: Official

On Tuesday, senior government officials from the ministry of electronics and information technology met executives from social media and other internet-based intermediaries. The meeting was chaired by the minister of state for electronics and information technology Rajeev Chandrasekhar.

from Tech-Economic Times https://ift.tt/YTWI3FM

Internet of the future to be led by like-minded countries: MoS IT Rajeev Chandrasekhar

Speaking at the India Internet Governance Forum, Chandrasekhar said that “multistakeholderism” and consultative policymaking was the approach of the government when it came to tech policymaking.

from Tech-Economic Times https://ift.tt/ugNnmJj

Byju’s may have to dip into Epic sale funds to keep lights on

Troubled edtech reduces notice period to 15-30 days across staff level to cut costs

from Tech-Economic Times https://ift.tt/SyTNZU9

Uber set to join the S&P 500 index in latest sign of turnaround for the ride-hailing service

The San Francisco company will be added to the benchmark index prior to the opening of regular trading on Dec. 18, S&P Dow Jones Indices said late Friday.

from Tech-Economic Times https://ift.tt/HrhxGaq