The Latest from Manish Singh
OpenAI still not training GPT-5, Sam Altman says
OpenAI is still not training GPT-5, months after the Microsoft-backed startup pledged to not work on the successor to GPT-4 “for some time” after many industry executives and academics ex
Edtech giant Byju’s launches transformer models in AI push
Byju’s unveiled three transformer models on Wednesday intended to enhance the quality of its services and streamline learning and personalization experience for its students as the edtech giant
Sequoia splits China and India arms from US mothership to avoid ‘portfolio conflict’ and ‘market confusion’
Sequoia plans to split into three entities — Sequoia Capital in the U.S. and Europe, Peak XV Partners in India and Southeast Asia, and HongShan in China — as the storied venture firm separ
Byju’s sues ‘predatory’ lenders on $1.2B term loan, won’t make further payments
Indian edtech giant Byju’s has filed a complaint in the New York Supreme Court to challenge the acceleration of the $1.2 billion term loan B, calling their demands for prepayment of the entire a
NestAway, once valued at over $225 million, sells for $11 million
Proptech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks a near complete erosion in value for the startup
Puneet Chandok, AWS India and South Asia head, has resigned
Puneet Chandok, the head of AWS in India and South Asia, has resigned, according to two sources familiar with the matter, a surprise move just weeks after the cloud giant pledged to invest over $12 bi
Fidelity has cut Reddit valuation by 41% since 2021 investment
Fidelity, the lead investor in Reddit’s most recent funding round in 2021, has slashed the estimated worth of its equity stake in the popular social media platform by 41% since the investment. F
Filings reveal PE and VC returns amid escalating write-downs
Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the susta
New regulation in India seeks to stub out tobacco glorification on streaming platforms
India’s health ministry has unveiled stringent guidelines for on-demand video streaming services, necessitating warnings about smoking and the use of other tobacco products when such activities
Coupang says no plans to enter India
Coupang doesn’t plan to enter the Indian market, the company said, refuting a local media report that claimed that the South Korean e-commerce firm had expressed interest in entering the South A
BlackRock cuts Byju’s valuation by nearly two-thirds to $8.4 billion
BlackRock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based startup, this time to about $8.4 billion, even as the most valuable Indian startup
Reliance’s JioCinema breaks world record with free cricket streaming
India’s JioCinema broke the global record for the most concurrent views to a livestreamed event on Monday, eclipsing a long-standing milestone set by Disney’s Hotstar, as the Asian tycoon
Ambani’s JioCinema secures NBCUniversal titles, escalates Netflix and Disney rivalry
JioCinema, the affordable on-demand video streaming service rival to Netflix and Disney’s Hotstar in India, will soon be the home for “The Office” and other NBCUniversal titles. The
Krafton’s popular Battlegrounds Mobile India, successor to PUBG, returns
Krafton’s Battlegrounds Mobile India, the once chart-topping mobile game in the South Asian market, is now available to download on Android and iOS nearly a year after being ousted due to nation
Info Edge, reeling from Rahul Yadav’s startup loss, now writes off Bijnis
Info Edge, the largest shareholder in Bizcrum Infotech, the holding firm of Bijnis, has written off its entire investment in the Indian startup, citing “principles of conservatism and prudence,&
Ambani’s Reliance targets Indian fashion e-commerce with low-cost model
Reliance Industries, run by India’s richest man Mukesh Ambani, is gearing up to deploy a winning strategy from its past playbook for the fashion market: low-cost products. Ajio, Reliance’s ret
Bernstein pegs Reliance as India’s eventual e-commerce kingpin
The Indian conglomerate Reliance is poised to outpace Amazon and Walmart-backed Flipkart in the race for the country’s $150 billion e-commerce market, analysts at Bernstein projected in a scath
Top Indian tech advocacy group replaces Big Tech execs following criticism
The Internet and Mobile Association of India, an influential tech industry body, has appointed Dream Sports co-founder and chief executive Harsh Jain as the new chairperson of the association, bucking
Microsoft’s AI reaches Indian villages
Merely months have passed since Microsoft and OpenAI unveiled ChatGPT to the world, sparking a fervor among tech enthusiasts and industry titans. Now, the technology that underpins this generative AI
Matrix Partners expands new India fund to $525 million
Matrix Partners India has extended the target size for its current fund to $525 million, from the $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to d