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Top News of the Day: 1. Elon Musk's xAI Eyes New Funding at $40 Billion Valuation as AI Race Intensifies 2. Union Commerce Minister Piyush Goyal said that the central government is planning to set up a mini Silicon Valley for global capacity centers (GCCs) in Goa. 3. The world's biggest cryptocurrency Bitcoin crossed the $80,000-mark and hit an all-time high at $80,092 on Sunday. 4. OpenAI's VP of Research and Safety Lilian Weng has resigned after working at the AI startup for nearly seven years 5. Unified enterprise AI agent platform UnifyApps has raised $20 million in its Series A funding round, led by ICONIQ Growth 6. Amazon India cuts loss by 28%, advertising biz grows 24% 7. Identity verification platform Equal has raised $10 million in its Series A funding round. The round was co-led by Prosus Ventures. 8. Food delivery platforms Zomato and Swiggy have denied recent reports claiming they violated competition laws during a probe by the Competition Commission of India (CCI). 9. EdTech startup Bhanzu has successfully raised $16.5 million in a funding round led by Epiq Capital. 10. Parent company of FirstCry, Brainbees Solutions, has completed a four-day GST inspection and made a payment of Rs 1.74 crore due to discrepancies in GST returns. 11. Ranveer Singh co-founded Bold Care reports Rs 33 Cr revenue in FY24 12. Amazon India marketplace posts Rs 588 Cr adjusted EBITDA in FY24 13. Drone manufacturer IdeaForge has approved the issuance of 2,608 equity shares under its Employee Stock Option Scheme 2018. 14. ED to summon Amazon, Flipkart executives as regulatory scrutiny grows 15. Vietnam says Temu, Shein must register with govt or be blocked in country 16. AI software firm Thesys raises $4 million from Together Fund 17. Japanese technology investor SoftBank Group is expected to report a quarterly profit of 287 billion yen ($1.87 billion), driven by successful portfolio company listings. 18. India's leading ecommerce marketplace, Flipkart, has deployed 10,000 electric vehicles (EVs) in its last-mile delivery fleet, as part of its commitment to running a fully electric logistics fleet by 2030. 19. CoinSwitch’s parent PeepalCo revenue declines to Rs 38 Cr in FY24, losses shrink 65% 20. NetApp has appointed Vasanthi Ramesh as the Managing Director for India. 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.