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Top News of the Day: 1. Alphabet, Google's parent company, reported strong Q2 results with robust advertising and cloud revenue 2. Sequoia Capital-backed Vanta raises $150 Mn funding at a $2.45 billion valuation 3. Ola Electric Likely To Launch Its $740 Mn IPO Next Month 4. Canadian legal tech company Clio has raised $900 million in a Series-F funding round led by New Enterprise Associates (NEA), valuing the company at $3 billion. 5. Spain's antitrust regulator, CNMC, has launched an investigation into the App Store over allegations that Apple may have imposed unequal commercial conditions on developers 6. FAAD Capital has made pre-seed investments in four agritech startups through its AgriManch Accelerator 7. CrowdStrike says bug in quality control process led to botched update 8. Sanjay Gupta has officially taken over as the new Asia Pacific (APAC) president of Google. 9. Captain Fresh acquires Poland-based salmon company Koral 10. Private equity firm Multiples Alternate Asset Management is considering leading a $30-40 million funding round for Smallcase 11. Pneucons bags pre-Series funding from Ather CEO Tarun Mehta, others 12. Elon Musk activates internet service in Gaza hospital with help of UAE, Israel 13. Gupshup Ropes In Former eBay Executive Lorrie Norrington To Its Board 14. VerSe Innovation, the parent company of Josh and DailyHunt, is facing challenges with its short video app Josh. 15. Unimech Aerospace has raised Rs 250 crore ($30 million) from Steadview Capital Mauritius Limited 16. B2B food and agritech platform Waycool claims Rs 1,600 crore in revenue with the goal of operational break even in FY24. 17. The Competition Commission of India (CCI) has approved Amazon Asia-Pacific Holdings' acquisition of a 76% stake in Frontizo from Zodiac Wealth Advisors. 18. Meta unveils biggest Llama 3 AI model, touting language and math gains 19. CCI Gives Nod To Ranjan Pai’s Manipal Group To Acquire Stake In Aakash Educational Services 20. Urban company claims Rs 827 Cr revenue in FY24; 70% cut in losses 21. Tesla reported a 45% drop in profits for the second quarter due to price cuts and increased spending on autonomous driving technology. 22. OpenAI assigns new project to AI safety leader Aleksander Madry in revamp 23. The Indian startup ecosystem experienced a decline in M&A deals, with only 37 deals taking place in the first half of 2024 compared to 67 deals in the previous year. 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.