Zepto Secures $665 Million in Funding Surge to Dominate India’s Quick Commerce Market
In a monumental move underscoring its meteoric rise, Mumbai-based startup Zepto has announced securing a staggering $665 million in its latest funding round. This infusion catapults Zepto’s valuation to an impressive $3.6 billion, marking more than a doubling from $1.4 billion in less than a year. The funding round, described by the company as “highly
Ilya Sutskever Launches Safe Superintelligence Inc. to Spearhead AI Safety Innovations
Ilya Sutskever, renowned for his pivotal role as OpenAI’s chief scientist, has embarked on a new venture aimed at tackling the complexities of AI safety. Just a month after departing from OpenAI, Sutskever, alongside former Y Combinator partner Daniel Gross and ex-OpenAI engineer Daniel Levy, unveiled Safe Superintelligence Inc. (SSI). At OpenAI, Sutskever’s leadership was
Unveiling Nature’s Pharmacy: AI Accelerates Discovery of Medicines from Plants
In the realm of pharmaceutical innovation, the ancient practice of deriving medicines from natural sources has seen a resurgence, propelled by modern technology. From the discovery of aspirin in willow tree bark to the current endeavors of biotech firms like Enveda Biosciences, the journey to harness nature’s healing potential has evolved significantly. Enveda Biosciences, founded
GPTZero: Revolutionizing AI Content Detection with Cutting-Edge Technology
AI-Generated Content Detection Takes Center Stage In the fast-paced realm of AI startups, where venture capitalists vie for the next big breakthrough, GPTZero has emerged as a standout success story. Founded by Edward Tian and Alex Cui, both in their twenties and with backgrounds steeped in technology and innovation, GPTZero has quickly achieved profitability within
Byju’s: From Unicorn to Zero – The Fall of an EdTech Giant
In a staggering turn of events, Indian edtech behemoth Byju’s, once heralded as a $22 billion titan, now finds itself valued at nothing, according to a recent research note by HSBC. This precipitous decline marks one of the most dramatic downfalls in recent startup history, as even BlackRock, a major investor in Byju’s, has written
Tumultuous Times for AI Mortgage Startup LoanSnap Amid Legal and Financial Woes
AI mortgage startup LoanSnap is grappling with a slew of lawsuits from creditors and has been evicted from its Southern California headquarters, leaving employees in a state of uncertainty about the company’s future. According to information obtained by TechCrunch, the company, founded by serial entrepreneurs Karl Jacob and Allan Carroll, has raised approximately $100 million