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Startup News—nripn—October 1, 2024
After a drought of almost two years, the Indian startup ecosystem is showing signs of the arrival of funding spring. Total funding raised by local startups doubled year-over-year (YoY) to $3.4 billion in the third quarter (Q3) of calendar year 2024 (CY24). Indian startups raised around $1.7 billion in the corresponding period last year and
AI in Finance—nripn—October 1, 2024
Officially, eight non-public companies have reached a market capitalization of $1 trillion. These include the “Magnificent Seven” technology companies and, more recently, Berkshire Hathawaywhich just crossed the threshold at the beginning of the month. Among these companies, only Tesla and Berkshire Hathaway are currently below the $1 trillion threshold. Much of the wealth has been
Jobs Market News—nripn—October 1, 2024
KENNESAW, GA | October 1, 2024 Since graduating this spring, the first cohort of students in Kennesaw State University's Master of Science in Digital Financial Technology program have thrived in Atlanta's rapidly growing fintech sector. As Georgia's first financial technology graduate degree, the online program has opened doors for students looking to advance their careers
Market Insights—nripn—October 1, 2024
Lissele Pratt: Capitalixe Co-founder, helping businesses navigate payment and banking solutions, honored by Forbes 30 Under 30 Europe 2021. getty I felt outnumbered, overwhelmed, and patronized when I joined the fintech industry, but there are ways women can break that stubborn glass ceiling. I landed my first job in finance when I was just 18
Market Rumors—nripn—October 1, 2024
Light speed trading responded to media reports of a potential sale of the company, saying it periodically undertakes a strategic review of its operations and that it is does not intend to disclose further information unless required by its regulatory obligations. “While Lightspeed has a long-standing policy of not commenting on market rumors, the Company
Regulatory Updates—nripn—October 1, 2024
THE Reserve Bank of India recognized Financial Technology Association for consumer empowerment (FACE) like a Self-regulatory organization In FinTech sector (SRO-FT), he said Wednesday. THE RBI received three applications, including FACE, for SRO-FT. Of the two remaining applications, one application was returned with a provision to resubmit it after meeting certain requirements. The third request
Startup News—nripn—October 1, 2024
A fintech startup isn't looking to exit the Manhattan office market. Quite the contrary, in fact. Ramp has signed a deal with Williams Equities to expand by 66,000 square feet at 28-40 West 23rd Street, according to the Commercial Observer. reported. The startup is also moving from subletting to direct leasing on a separate floor,
AI in Finance—nripn—October 1, 2024
(Bloomberg) - Chinese AI chipmaker Cambricon Technologies Corp. climbed its daily limit by 20% on Monday, leading a sectoral rally after Bloomberg News reported that Beijing was stepping up pressure on domestic companies to abandon Nvidia Corp. processors. for the benefit of local alternatives. Most read on Bloomberg Cambricon, the largest publicly traded designer of
AI in Finance—nripn—October 1, 2024
Photo: sudok1/Getty Images THE Ministry of Health and Social Services announced funding for antibiotic research and development using generative AI. Stop Emerging Threats (TARGET), through the Advanced Research Projects Agency for Health (ARPA-H), will use genAI to accelerate the discovery and development of new classes of antibiotics to combat antimicrobial resistance (AMR). Bacterial infections are
AI in Finance—nripn—October 1, 2024
Tech companies are scouring the country for electricity to power artificial intelligence are increasingly finding that there is a waiting list. In many places across the country, high-voltage electrical wires are running out of space, their connection points blocked by AI data centers, new factories or charging infrastructure for electric vehicles. Most read in the
Startup News—nripn—October 1, 2024
SUMMARY PB Fintech is likely to make a one-time investment of $100 million to acquire a 30% stake in a new healthcare company after gaining approval from its board of directors. Brokerage firm Bernstein maintained its “outperform” rating on PB Fintech with a price target of INR 1,750 per share. PB Fintech reported a consolidated
AI in Finance—nripn—October 1, 2024
TEMPO.CO, Jakarta - Google CEO Sundar Pichai announced funding plans of $120 million, or around Rs 1.8 trillion, for AI education and training globally. Speaking at the UN Future Summit 2024, Pichai described AI as “the most transformative technology” of the moment. “To avoid a global AI divide,” Pichai said, as quoted by Tech Crunch,
