Chip startup Velaura AI hits $1 billion valuation in $110 million round
Tech & Startup Desk
3 HOUR(s) Technology
Velaura AI, a chip-design startup focused on reducing power consumption in data centres, said on Tuesday it raised $110 million in Series A funding at a valuation above $1 billion.
OpenAI appoints new CRO
Tech & Startup Desk
3 HOUR(s) Technology
OpenAI has appointed Dali Rajic, the former president and chief operating officer of cloud security company Wiz, as its new chief revenue officer, replacing Denise Dresser who held the position for just nine months.

Deepal enters Bangladesh’s EV market with L07 and S07 models

Deepal, a subsidiary of Changan Automobile, has officially entered the Bangladeshi electric vehicle (EV) market with the introduction of two models—the L07 sedan and the S07 SUV.
16 March 2025

Intel's new CEO to receive $1 million salary

Intel's newly appointed CEO, industry veteran Lip-Bu Tan, is set to receive a base salary of $1 million, with the potential to earn up to $2 million in bonuses each year, according to a regulatory filing. Additionally, he is eligible for about $66 million in stock options and grants tied to his performance over the next few years.
16 March 2025

World-first: Australian patient walks out of hospital with artificial heart

An Australian man has become the first person in the world to be discharged from hospital with a total artificial heart implant, according to a recent report by The Guardian.
15 March 2025

Report reveals UK tech secretary’s ChatGPT use for policy advice

Peter Kyle, the Secretary of State for Science, Innovation and Technology in the United Kingdom (UK), has been using ChatGPT to seek advice on policy matters, including the slow adoption of artificial intelligence (AI) among British businesses, according to a recent report by New Scientist magazine.
14 March 2025

Google unveils new AI model, Gemma 3

Google has recently unveiled Gemma 3, a new family of lightweight, open AI models designed to run efficiently on devices like phones, laptops, and workstations. According to an official blog post, Gemma 3 is built on the same technology as Google’s Gemini 2.0 models and is available in four sizes (1B, 4B, 12B, and 27B) to suit different hardware and performance needs.
13 March 2025

Pokémon Go sold to Saudi-owned company for $3.5 billion

Niantic Labs, the US tech company behind the global phenomenon Pokémon Go, has agreed to sell its gaming division to Saudi Arabia-owned Scopely for $3.5 billion.
13 March 2025

Intel appoints new CEO, industry veteran Lip-Bu Tan

Intel, the US-based chipmaking giant, has named industry veteran Lip-Bu Tan as its new CEO, effective March 18. The appointment comes as Intel seeks to recover from one of its most challenging periods, marked by declining market share, falling stock prices, and intense competition in the semiconductor industry.
13 March 2025

OpenAI launches new tools to boost AI agent development

OpenAI has introduced a set of new tools aimed at helping developers and enterprises build AI agents.
12 March 2025

OpenAI launches new developer tool, Responses API

OpenAI has introduced a new developer tool called the Responses API, designed to simplify and enhance the creation of advanced AI agents. The tool, which replaces the Assistants API, aims to address key challenges developers face when building AI systems, such as managing multi-turn interactions, integrating hosted tools, and handling multiple data types like text, images, and audio.
12 March 2025

Hackers leak stolen Tata Technologies data following ransomware attack

A ransomware group known as Hunters International has published data it claims to have stolen from Tata Technologies
12 March 2025

Meta is testing its first in-house AI chips: report

Meta, the parent company of Facebook, Instagram, and WhatsApp, is testing its first in-house chip designed to train artificial intelligence (AI) systems, according to sources cited by Reuters. The move marks a significant step in Meta’s efforts to reduce its dependence on external suppliers like Nvidia and lower its massive infrastructure costs.
12 March 2025

India's Ambani strikes SpaceX deal for Starlink

The potential launch of Starlink, which provides high-speed internet access to remote locations by low Earth orbit satellites
12 March 2025

Chip startup Celestial AI raises $250 million

Celestial AI, a Silicon Valley startup developing technology to speed up artificial intelligence (AI) systems, has recently raised an additional $250 million in venture capital, bringing the company’s total funding to $515 million.
12 March 2025

OpenAI signs nearly $12 bln deal with a company backed by Nvidia

OpenAI has signed a five-year, $11.9 billion agreement with CoreWeave, a cloud services provider specialising in AI-focused GPU infrastructure which is backed by Nvidia, according to a recent report by Reuters. 
11 March 2025

Trump administration launches "self deport" app for immigrants: report

The Trump administration has introduced a new app, CBP Home, aimed at allowing immigrants in the US illegally to voluntarily "self-deport" rather than face potential arrest and detention, as per a recent report by Reuters. 
11 March 2025

Building sustainable food security by embracing technology

In today’s world, ensuring food security is one of the most crucial pillars of economic stability and societal well-being.
11 March 2025

Musk says X hit by major cyberattack

Reports of problems with X started early Monday, with users in Asia, Europe, and North America saying they could not access the platform, according to the Downdetector
10 March 2025

TikTok sale talks underway, deal possible soon, says Trump  

US President Donald Trump has revealed that his administration is in discussions with four groups regarding the sale of Chinese-owned social media platform TikTok, as per a recent report by Reuters.
10 March 2025

Oppo launches A5 Pro in Bangladesh

OPPO has officially launched the OPPO A5 Pro in Bangladesh.
9 March 2025

Jobs of the week

Here are our picks for jobs of the week. Check out the article for more details.
9 March 2025
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