Peak XV raises $1.3B, doubles down on AI as global VC rivalry in India heats up
Peak XV says most of its new capital will target India as the firm prioritizes AI, fintech and cross-border bets while navigating recent partner departures.
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OpenAI says 18 to 24-year-olds account for nearly 50% of ChatGPT usage in India
The company said on Friday that users between 18 and 24 years of age account for nearly 50% of all messages sent by Indians to ChatGPT, and users under 30 accounted for 80% of usage in the country.
UAE’s G42 teams up with Cerebras to deploy 8 exaflops of compute in India
Abu Dhabi-based tech company G42 has partnered with U.S.-based chipmaker Cerebras to deploy eight exaflops of compute through a new system in India
General Catalyst commits $5B to India over five years
The pledge marks a sharp jump from General Catalyst’s earlier $500 million–$1 billion India earmark.
Ali Partovi’s Neo looks to upend the accelerator model with low-dilution terms
Neo’s new Residency program invests $750,000 in an uncapped SAFE for startups and provides a $40,000 no-strings-attached grant for college students.
Google’s new Gemini Pro model has record benchmark scores—again
Gemini 3.1 Pro promises a Google LLM capable of handling more complex forms of work.
Nvidia deepens early-stage push into India’s AI startup ecosystem
Nvidia is working with investors, nonprofits, and venture firms to build earlier ties with India’s fast-growing AI founder ecosystem.
FBI says ATM ‘jackpotting’ attacks are on the rise, and netting hackers millions in stolen cash
The FBI says hacks that trick ATMs into spitting out cash on demand are rising, with hundreds of attacks in the past year alone netting hackers millions in stolen bills.
At a critical moment, Snap loses a top Specs exec
As Snap readies the public release of its long-awaited VR glasses, one of the key executives on the project has left the company.