Indian Startups Raise 6% More This Year, With Funding Rounds Getting Scarcer
In 2024, Indian startups experienced a 32% decline in funding rounds compared to the previous year, although the aggregate funding amount itself grew by 6%.
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Rogbid Introduces First Smart Ring With Interactive Display
Smartwatch brand Rogbid presented the innovative smart ring model with an OLED touch display, which is the first product of this kind on the market.
India’s GDP Growth Slumps to 5,4%
Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.
Deutsche Bank Builds Blockchain Solution on Ethereum
Deutsche Bank is actively working on Project Dama 2, an Ethereum-based Layer 2 (L2) blockchain network to enhance transaction efficiency and integrate regulatory safeguards.
Kioxia’s Shares Increase in Debut
Kioxia’s shares soared 14% as part of their market debut on Wednesday, December 18.
Hong Kong Approves More Cryptocurrency Exchanges
Hong Kong’s securities regulator on Wednesday, December 18, approved the activities of four cryptocurrency exchanges as part of the city’s latest attempt to maintain its competitiveness during a kind of race for the status of a global center for trading digital assets.
UniCredit Raises Stake in Commerzbank
Italian UniCredit SpA increased its holding in German Commerzbank AG to about 28%.
Fed Cuts Interest Rates by Quarter Point
On Wednesday, December 18, Federal Reserve officials made the third decision in the current year to cut their benchmark interest rate, but at the same time decreased the scale of expectations for continued monetary easing next year.
Nvidia Presents New GenAI Tools
NVIDIA has introduced the Jetson Orin Nano Super Developer Kit along with NeMo Retriever suite of microservices – tools designed to enhance generative AI (GenAI) capabilities.
UK Inflation Demonstrates Growth
In the United Kingdom, inflation showed an increase in November, reaching 2.6%.
AWS to Invest $10B in AI Infrastructure in Ohio
AWS plans to strengthen its commitment to Ohio with a $10 billion investment supporting the surging demand for cloud computing and AI.
AI Startup Basis Raises $34 Million
The startup Basis, which operates in the space of the artificial intelligence industry, on Tuesday, December 17, announced that it managed to raise investments for $34 million as part of the Series A funding round.
Databricks Hits $62 Billion Valuation
Databricks, one of the most valuable privately held companies, on Tuesday, December 17, announced the raising of financing for $10 billion after one of the largest venture capital funding rounds in history.
China’s Integrated Circuit Output Slows
In China, integrated circuit (IC) output in November showed an increase of 8.7% year-on-year.
China Seeks to Dominate in AI
China is currently striving to become the dominant player in the global artificial intelligence industry, and according to media reports, citing insiders and experts, Beijing’s corresponding efforts may eventually prove successful, since AI models developed in the Asian country already demonstrate a high level of efficiency and have significant competitiveness.
US Economy Faces Threat of Negative Scenario Amid Donald Trump’s Tariffs
Jamie Dimon, chief executive officer of JPMorgan Chase, the largest financial institution in the structure of the United States banking sector, has repeatedly made some kind of warning statements over the past year that the US economy faces a high level of risk that a negative stagflation scenario will be implemented in its space, repeating […]
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