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Top News of the Day: 1. In-SPACe launches $58 million fund to boost startups, cut reliance on imports 2. John Schulman, a co-founder of OpenAI, has left Anthropic, the AI startup he joined last year. 3. Tuco Kids, an innovative kids' personal care brand, has announced the appointment of Chanakya Gupta as co-founder. 4. Byju's suspended directors are contesting a ₹158 crore settlement with the BCCI amid insolvency proceedings. 5. Microsoft unveils chip, claiming quantum computers are just years away, not decades 6. Google has developed an AI tool to serve as a virtual collaborator for biomedical researchers, tested by scientists at Stanford University and Imperial College London. 7. Lambda, a cloud computing startup focused on AI development, raised $480 million in a Series D round with investors like Nvidia, bringing its total equity to $863 million and valuation to $2.5 billion 8. AheadComputing, a new startup founded by ex-Intel executives, has secured $21.5 million in seed funding to develop RISC-V-based CPU technology. 9. Sirona Founders buy back startup from Good Glamm Group in rare move 10. Humane shuts down AI Pin, will sell startup to HP for $116 million 11. Apple's latest iPhone 16e is being manufactured in India, marking a shift as the entire iPhone 16 lineup is now locally assembled. 12. San Francisco-based cryptocurrency platform Kraken plans to relaunch in India, appointing Shiprocket cofounder Vishesh Khurana as an advisor and head of India operations. 13. ShareChat adds new ESOP options worth $108 Mn 14. Instagram unveils new DM features: Adds music sharing, translation, message scheduling and more 15. Workplace SaaS startup OneTab AI has raised $3.3 million (Rs 28.6 crore) in its seed round co-led by LIT Fund and Orbit. 16. The Souled Store, a direct-to-consumer pop culture brand, witnessed impressive growth with a 54.5% year-on-year increase in the fiscal year ending March 2024. 17. Natural pet treat brand Dogsee Chew has raised $8 million in its Series B round led by Ektha.com, with participation from promoters, Shivanssh Holdings 18. John Abraham-backed NOTO Ice Cream has raised Rs 15 crore ($1.75 million) in a growth funding round led by Inflection Point Ventures (IPV), with participation from JITO Incubation and Innovation Foundation 19. Saveo’s revenue nears Rs 200 Cr in FY24 with improved economics 20. Etihad Airways reported a substantial net profit increase to $476 million last year, driven by $5.7 billion in passenger and $1.1 billion in cargo revenue. With operational improvements, the airline is poised for an IPO, potentially involving a 20% stake sale. 21. CARS24 launches credit platform to simplify loans for car buyers, owners 22. Blinkit CEO Albinder Dhindsa has highlighted that competitors cannot easily replicate the company's profitability due to the complexities involved in the low-margin quick commerce sector. 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.