🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Britain to invest 300 million pounds in AI supercomputing
Economic Times
·
1y ago
Medial
Britain has announced plans to increase funding for two supercomputers dedicated to AI research, with a focus on ensuring the safety of advanced AI models. The funding for the "AI Research Resource" will be increased to £300 million, providing researchers with access to highly capable computing tools. The supercomputers will aid in testing safety features of AI models and drive advancements in areas such as drug discovery and clean energy. One supercomputer will be located in Cambridge, while the other will be in Bristol.
View Source
Related News
UK and ChatGPT maker OpenAI sign new strategic partnership - The Economic Times
Economic Times
·
18d ago
Medial
The UK and OpenAI have signed a strategic partnership to enhance AI security research and invest in British AI infrastructure. The UK government plans to invest 1 billion pounds in computing infrastructure to amplify public compute capacity significantly. The partnership aligns with the "AI Opportunities Action Plan" spearheaded by Prime Minister Keir Starmer, aiming to transform the UK into an AI superpower. OpenAI may expand its London office, exploring AI applications in various sectors.
View Source
China targets 50% growth in computing power as it aims to race ahead of US
Economic Times
·
1y ago
Medial
China has announced a plan to increase its computing power by over 50% by 2025, highlighting its focus on supercomputing and AI innovations. The goal is to reach 300 EFLOPS (quintillion floating-point operations per second) by 2025. This comes as China and the US compete in areas like semiconductors, supercomputers, and AI. China currently ranks second behind the US in computing power. The plan includes building more data centers and improving computational infrastructure, especially in western China. Speed and efficiency of the computation network are also emphasized.
View Source
UK's Craneware rejects Bain Capital's $1.3 billion takeover proposal
Economic Times
·
1m ago
Medial
British software firm Craneware rejected a takeover bid from Bain Capital, valuing it at 939.4 million pounds, as it considered the 26.50 pounds-per-share proposal insufficient. The bid offered a 29.3% premium over Craneware's previous share price before Bain's interest was disclosed. Specializing in healthcare financial software for the U.S. market, Craneware has a market capitalization of around 710 million pounds. Bain Capital decided not to pursue the offer further.
View Source
China is getting secretive about its supercomputers
Livemint
·
1y ago
Medial
Chinese scientists have become more secretive in their supercomputing research as the US increases efforts to hinder China's technological progress. China has stopped participating in international supercomputing forums, creating a divide that will slow down the development of AI and other technologies. The race for faster supercomputers is crucial for national security, as the country with superior computing capabilities can gain an advantage in developing military technology. Chinese supercomputers are believed to be faster than what is reported due to their withdrawal from global rankings. US restrictions on exports of cutting-edge chips have impacted China's ability to maintain its lead in supercomputing. The increasing secrecy makes it challenging for the US government to determine which country has faster supercomputers.
View Source
OYO to invest 50 million pounds in UK to expand premium hotel portfolio
Economic Times
·
6m ago
Medial
OYO plans to invest 50 million pounds over three years in the UK, focusing on expanding its premium hotel portfolio and creating 1,000 jobs in the hospitality sector. The strategy includes acquiring long-term leaseholds and management contracts with premium properties. OYO aims to strengthen UK tourism infrastructure and diversify offerings by introducing European brands. The investment highlights the role of tech startups in boosting Indo-UK trade and economic relations, enhancing bilateral trade growth.
View Source
Lenskart-backer Epiq Capital raises $225 million in Fund II, to double down on India investments
Money Control
·
2y ago
Medial
Epiq Capital plans to invest in about 8-12 companies with an average cheque size of around $20-25 million. It manages assets worth $300 million and the cumulative valuation of its nine companies is around $15 billion.
View Source
Britain invites China to its global AI summit
Economic Times
·
1y ago
Medial
Britain has invited China to its global artificial intelligence (AI) summit in November, aiming to bring together governments, tech companies, and academics to discuss AI risks and regulation. Foreign Minister James Cleverly stated that excluding one of the leading nations in AI tech would not keep the UK public safe from AI risks. The summit will address topics such as AI's impact on biosecurity and its potential for public good, like in safer transport. Britain seeks to engage with China while safeguarding its institutions and infrastructure.
View Source
Britain limits AI summit guest list to 100 invitees, excludes startups
Economic Times
·
1y ago
Medial
The upcoming global artificial intelligence (AI) summit in Britain will only be attended by 100 politicians, business leaders, and academics, excluding prominent AI startups. The exclusive event, organized by co-founder Matt Clifford, aims to yield substantive outcomes with every attendee actively participating. The chosen guests are expected to include cabinet ministers, CEOs of AI companies, academics, and representatives of international civil society. The event, scheduled for November, is part of Prime Minister Rishi Sunak's ambition to position Britain as a global leader in AI regulation.
View Source
Experts urge govt to invest in open data, compute for AI leadership
Economic Times
·
1y ago
Medial
Experts and industry representatives are urging the Indian government to invest in open data, open compute, and open models to ensure India's success in the global artificial intelligence race. They argue that the government needs to create enabling conditions by providing access to compute and Prasar Bharati content to foster the development of foundational models suited for the Indian situation. The government is working on initiatives like the India Datasets Platform and the National Data Governance Policy to facilitate data sharing and management. The industry emphasizes the need for government support and funding to drive the development and deployment of AI solutions at scale. The government is also considering setting up supercomputing and quantum computing hubs to address the compute crunch faced by AI companies.
View Source
BII bullish on Indian EVs, expects to invest $300M in 3 yrs: MD Abhinav Sinha
YourStory
·
1y ago
Medial
British International Investment (BII), a major development finance institution in the UK, plans to invest an additional $300 million in the Indian electric vehicle (EV) industry over the next three years. BII has already invested around $300 million in the country's EV sector, including backing Mahindra group's EV arm and other startups. BII sees significant growth potential in India's EV manufacturing, components, and financing segments. The company expects India to surpass Europe and the US in terms of EV adoption and aims to play a major role in the country's EV ecosystem.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
