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2024-12-24T13:49:49.335Z

Top News of the Day: 1. Hospitality startup Oyo has acquired G6 Hospitality, the parent company of Motel 6 and Studio 6 brands, for $525 million. 2. Cornerstone Ventures, a SaaS-focused venture capital, has successfully exited Intelligence Node, a retail analytics and AI platform. The exit was achieved through a $100 million (Rs 849.5 crore) acquisition 3. European venture capital firm 360 Capital has raised €140 million for its 360 Life II fund, which will focus on investing in technologies aimed at protecting the environment. 4. Apple's stock market valuation is approaching a historic $4 trillion, boosted by investor excitement over the company's AI advancements and expectations of a supercycle of iPhone upgrades. 5. Polish ecommerce platform Allegro subsidiary, Ceneo, has filed a $568 million lawsuit against Google and its parent company, Alphabet, citing anti-competitive practices. 6. Microsoft is working on incorporating internal and third-party AI models into its flagship AI product, Microsoft 365 Copilot, to reduce costs and lessen its reliance on OpenAI. 7. Edtech entrepreneur Aakash Chaudhry's Sparkl Edventure has raised $4 million in seed fundraise from Nithin Kamath's Rainmatter Foundation and Zomato's Deepinder Goyal. 8. Zoho CEO Sridhar Vembu congratulated Indian-American businessman Sriram Krishnan on being named the White House's Senior Policy Advisor on AI. 9. Indian electric vehicle manufacturer Greaves Electric Mobility has announced its plans to raise INR 10 billion ($117.5 million) through an initial public offering (IPO). 10. Digital payments and banking solutions company Razorpay has offered ESOPs worth Rs 1 lakh to all current employees as part of its 10-year celebration. 11. Upskilling-focused edtech platform Simplilearn reduced its losses by over 56% year-on-year in the last fiscal year. However, the company's operating scale showed only single-digit growth, remaining largely flat 12. Foodtech giant Zomato has made history as the first Indian startup to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in the benchmark index of India’s top 30 companies. 13. Digital learning solutions provider LEAD has reported growth of over 28% for the fiscal year ending March 2024, surpassing the Rs 350 crore revenue mark. 14. Thirty Indian companies have responded to a call from the Indian National Space Promotion and Authorization Centre (IN-SPACe) to build and operate constellations of Earth observation satellites. 15. Elon Musk's AI startup, xAI, has raised $6 billion in its latest funding round. The company, known for its Grok chatbot, received support from investors such as US venture capitalists, chipmakers NVIDIA and AMD Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.

Radhika

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1 replies8 likes

Replies (1)

Aman shukla

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[This post has been deleted by the creator]

0 replies

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