Igor Babuschkin Departs xAI to Pioneer AI Safety with New Venture
Igor Babuschkin leaves xAI to start an AI safety research firm, Babuschkin Ventures, focusing on ethical AI development and supporting startups in AI and agentic systems to benefit...
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ICICI Bank Reduces Minimum Balance Requirement from Rs 50k to Rs 15k Amid Public Outcry
ICICI Bank has revised its minimum account balance requirement from Rs 50,000 to Rs 15,000 following customer feedback, excluding certain account types. HDFC Bank clarifies its sta...
Fractal Analytics Sets Sights on Massive Rs 5,000 Crore IPO to Fuel AI Innovations
Fractal Analytics, a pioneer in AI solutions, files for a Rs 5,000 crore IPO, showcasing a 26% revenue growth and a significant turnaround to profitability, marking a new chapter i...
Significant Reduction in Insolvency Resolution Timeframe: A Closer Look at the Recent Trends
The insolvency resolution timeframe in India has decreased from 752 to 694 days, yet remains above the 180-day target. Amendments to the IBC aim to address delays, with financial c...
Treasury Secretary Urges Federal Reserve for Significant Rate Cuts Amid Economic Uncertainty
US Treasury Secretary Scott Bessent advocates for substantial Federal Reserve rate cuts, suggesting a 1.5 percentage point reduction. Revised labor data might have prompted earlier...
RBI Panel Advocates for 'Tolerant Supervision' to Foster AI Innovation in Finance
An RBI panel suggests a 'tolerant supervisory stance' on AI errors in finance to encourage innovation while ensuring consumer protection. The report proposes a framework based on s...
Ikea Expands Sourcing Strategy in India Beyond Textiles Amid Global Trade Wars
Ikea is diversifying its supply chain in India beyond textiles to include plastics, metals, and furniture, aiming to reduce prices and boost exports. The company is also expanding ...
Perplexity AI Aims for a Staggering $20 Billion Valuation in Latest Funding Round
Artificial intelligence startup Perplexity is targeting a $20 billion valuation in its latest funding round, marking a $2 billion increase from July. The company also made a $34.5 ...
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