Tag: AI innovation
Gupshup Secures $60M in Mixed Funding Amid Uncertainty Over Unicorn Valuation
Gupshup has raised over $60 million through a mix of equity and debt to fuel its AI-driven enterprise messaging platform expansion. While the company continues to grow revenue and global reach, its current valuation remains undisclosed, leaving its unicor...
Meta Refuses to Sign EU’s AI Code of Practice, Warning It Will Throttle AI Innovation in Europe
Meta's Joel Kaplan announced the company will not sign the EU's voluntary AI Code of Practice, calling its guidelines an overreach that risks stifling AI innovation and deployment in Europe. Kaplan warned the Code's broad requirements create legal uncerta...
MiniMax's confidential Hong Kong IPO filing targets $4B+ valuation and $510M raise, aiming to revolutionize AI market by late 2025
Chinese AI startup MiniMax has confidentially filed for a Hong Kong IPO, aiming to raise over $510 million and secure a valuation exceeding $4 billion. Backed by Alibaba and Tencent, MiniMax plans to list by the end of 2025, leveraging Hong Kong’s booming...
OpenAI Researchers Jason Wei and Hyung Won Chung Join Meta’s New Superintelligence Lab Amid Intensifying AI Talent Race
OpenAI researchers Jason Wei and Hyung Won Chung, key contributors to the o3 and Deep Research AI models, are joining Meta’s new Superintelligence Lab. Their expertise in reinforcement learning and reasoning will help advance Meta’s ambitious efforts to d...