Tiger Global, Peak XV, and Steadview Capital, along with 27 other investors, have collectively appealed to Indian Prime Minister Narendra Modi to reconsider a 28 percent gaming tax. Their contention is that this tax would have a negative impact on potential investments totaling $4 billion (approximately Rs. 32,811 crore). The investors, in a letter obtained …
India’s AI4Bharat is securing $12 million (around Rs. 100 crore) in funding from venture capital firms Peak XV and Lightspeed Venture for a new artificial intelligence startup, as per sources familiar with the matter. This seed funding round, which is larger than usual, highlights the growing interest in generative AI, especially after the success of …
Researchers at AI4Bharat, a start-up supported by Microsoft, are set to raise $12 million (approximately Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture, according to sources familiar with the matter. This significant seed funding round highlights the increasing interest in generative AI, following the success of OpenAI’s ChatGPT in engaging in …