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General Catalyst, a Silicon Valley-based venture firm with more than $43 billion in assets under management, has announced it plans to invest $5 billion in India over the next five years, sharply expanding its push into the country’s startup ecosystem less than two years after merging with local venture firm Venture Highway. The commitment, unveiled…
Nvidia is stepping up efforts to court India’s artificial intelligence startups earlier in their lifecycle, unveiling a string of partnerships this week aimed at reaching founders even before their companies are formally established. The push is intended to help the AI chipmaker cultivate relationships with future customers in one of the world’s fastest-growing developer markets….
As AI companies get bigger in valuation and usage, there is a constant debate about how AI is replacing humans in various jobs. Studies suggest that roles where AI can automate most tasks will be impacted, though some analysts believe that AI may also create jobs, with the displacement effect only transitional. David Shim, CEO…
Startup founders are being pushed to move faster than ever, using AI while facing tighter funding, rising infrastructure costs, and more pressure to show real traction early. Cloud credits, access to GPUs, and foundation models have made it easier to get started, but those early infrastructure choices can have unforeseen consequences once startups move beyond…
Just one month after raising $11.75 million in a round led by Joe Lonsdale’s 8VC, African defensetech Terra Industries announced that it’s raised an additional $22 million in funding, led by Lux Capital. Nathan Nwachuku, 22, and Maxwell Maduka, 24, launched Terra Industries in 2024 to design infrastructure and autonomous systems to help African nations…
Power, rather than compute, is fast becoming the limiting factor in scaling AI data centers. That shift has prompted Peak XV Partners to back C2i Semiconductors, an Indian startup building plug-and-play, system-level power solutions designed to cut energy losses and improve the economics of large-scale AI infrastructure. C2i (which stands for control conversion and intelligence)…
Much of Silicon Valley has spent years chasing mega-rounds and buzzy AI deals. Meanwhile, Stacy Brown-Philpot is running Cherryrock Capital like a throwback to venture capital’s earlier days, writing smaller Series A and B checks to founders that larger firms routinely overlook. The former TaskRabbit CEO and decade-long Google veteran launched Cherryrock a year ago…
Elon Musk is “actively” working to make xAI’s Grok chatbot “more unhinged,” according to a former employee who spoke to The Verge about recent departures from Musk’s AI company. This week, following the announcement that Musk’s SpaceX is acquiring xAI (which previously acquired his social media company X), at least 11 engineers and two co-founders…
Much has changed for Jenny Wang, the founder who’s bringing “Clueless” fashion tech to life. Last year, her company, Alta, raised $11 million in a round led by Menlo Ventures to let users create digital closets and try on their clothes with their own virtual avatars. It’s a tech once seen only in movies, most…
Modal Labs, a startup specializing in AI inference infrastructure, is talking to VCs about a new round at a valuation of about $2.5 billion, according to four people with knowledge of the deal. Should the deal close at these terms, the funding round would more than double the company’s valuation of $1.1 billion announced less…