Indian AI startup Krutrim has become a unicorn after securing $50m in funding, making it the first Indian AI startup with a valuation of $1bn. The company, founded by Ola founder Bhavish Aggarwal, aims to develop data centers and create servers and super computers for the AI ecosystem.
Bloomberg's update on Elon Musk's xAI startup funding goal is "not accurate." An xAI funding update by Bloomberg has reportedly been denied by billionaire Elon Musk himself, stating it was simply inaccurate to claim that his AI startup company has secured funding halfway to the firm's $1 billion goal.
Laurent Sifre and Karl Tuyls from DeepMind had engaged in conversations with potential investors for a financing round possibly exceeding $220 million.