Neysa Secures 600 Million Dollar Backing From Blackstone To Expand AI Infrastructure Indian artificial intelligence infrastructure startup Neysa has secured major backing from U.S. private equity firm Blackstone as it scales domestic computing capacity in line with India’s push to strengthen homegrown AI capabilities. Blackstone, alongside co investors including Teachers’ Venture Growth, TVS Capital, 360 ONE Asset and Nexus Venture Partners, has agreed to invest up to 600 million dollars in primary equity. The deal gives Blackstone a majority stake in the Mumbai headquartered startup. In addition, Neysa plans to raise another 600 million dollars in debt financing to expand…
Author: Kanika Sharma
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India 100 Million Weekly Active ChatGPT Users India now has 100 million weekly active ChatGPT users, making it one of the largest markets globally for OpenAI, Chief Executive Sam Altman said ahead of a government hosted artificial intelligence summit. Altman shared the figures in an article published in The Times of India on Sunday, just before the start of the five day India AI Impact Summit in New Delhi. He is attending the gathering alongside senior executives from several leading AI companies. India Emerges As Key Growth Market Altman said India represents ChatGPT’s second largest user base after the United…
Turkey Reviews Children Data Practices On Six Social Media Platforms Turkey’s data protection authority has launched a review into six major social media platforms to assess how they process children’s personal data. The move signals closer scrutiny of digital platforms and their responsibilities towards younger users. Authority Launches Formal Review The Personal Data Protection Authority announced late on Friday that it had begun examining the data handling practices of leading social media companies. The review focuses specifically on how these platforms collect, process and safeguard children’s personal information. According to the authority, the initiative aims to shield children from potential…
Global equity funds attracted their strongest inflows in five weeks in the seven days to February 18, as easing concerns over artificial intelligence stocks revived investor confidence. At the same time, investors rotated into other sectors, which further supported demand. Meanwhile, renewed hopes for Federal Reserve rate cuts improved sentiment towards US growth assets. Investors channelled $36.33 billion into global equity funds during the week, according to LSEG Lipper data. Consequently, this marked the largest weekly inflow since January 14. The rebound followed a period of volatility linked to artificial intelligence shares. Inflation Data Lifts Market Mood Last Friday, US…
Architecting India’s AI Future With Autonomy, Infrastructure And Mass Empowerment Prime Minister Shri Narendra Modi inaugurated the India AI Impact Summit 2026 at Bharat Mandapam in New Delhi. Addressing the gathering, he said that 140 crore Indians stand ready to embrace emerging technologies. On their behalf, he welcomed Heads of Government, global AI leaders and innovators attending the summit. Alongside the main event, prominent global CEOs delivered keynote addresses. Arthur Mensch, CEO and Co founder of Mistral AI, Rajesh Subramaniam, CEO of FedEx, Jeet Adani, Director of Adani Digital Labs, and Vinod Khosla, Founder of Khosla Ventures, explored how Artificial…
Nvidia is close to finalising a 30 billion dollar investment in OpenAI, according to a report by the Financial Times. The proposed agreement would replace the long term 100 billion dollar commitment that the companies announced last year. Sources told the newspaper that both sides have entered the final stages of negotiations. New Funding Round Takes Shape The report states that the deal forms part of a new funding round for the artificial intelligence start up. Moreover, the companies could conclude the agreement as early as this weekend. Such a move would mark a significant shift from the previous multi…
Telegram Rejects Russian Allegation Of Encryption Breach Telegram has rejected claims by the Russian government that its encryption has been compromised. The messaging app said it found no evidence of any breach and dismissed allegations that foreign intelligence services can access messages sent by Russian soldiers. In a statement issued in response to a request from Reuters, the company strongly denied the accusation. It said the allegation was a deliberate fabrication. Firm Denial Of Encryption Breach Telegram stated that its systems remain secure. Moreover, it said no vulnerabilities have undermined its encryption protocols. Therefore, it rejected the suggestion that third…
Foreign intelligence services can access messages sent by Russian soldiers through the Telegram app, Russia’s digital development minister has said, according to the Interfax news agency. Maksud Shadayev made the remarks on Wednesday, warning that sensitive military communications may have been exposed. Telegram remains one of the most widely used messaging platforms in Russia, and Russian forces fighting in Ukraine rely on it heavily for communication. Minister Warns Of Intelligence Access Shadayev said there were numerous indications that foreign intelligence agencies had gained access to correspondence on the messenger. He added that these agencies were using the data against the…
India To Add 20,000 GPUs To Strengthen National AI Infrastructure At India AI Impact Summit 2026 Union Minister for Electronics and Information Technology Shri Ashwini Vaishnaw announced that India will add 20,000 GPUs to its existing 38,000 GPUs to strengthen national AI infrastructure. He made the announcement on the second day of the India AI Impact Summit 2026 in New Delhi. With this expansion, the government aims to enter the next phase of its AI strategy while accelerating compute capacity and responsible deployment. Moreover, the Minister said the government will scale access to AI across sectors such as healthcare and…
Dutch chipmaker Nexperia will receive a 60 million dollar loan from state owned finance institution Invest International to strengthen its global production capacity. The funding aims to increase output, modernise facilities and improve operational efficiency. Invest International announced the loan in a statement on Monday. The support will back a series of investments across Nexperia’s production sites worldwide. As a result, the company plans to enhance manufacturing processes and boost chip supplies. Nexperia, based in the Netherlands, operates as a unit of China’s Wingtech. However, it has faced heightened scrutiny following state intervention in the Netherlands last year. Loan To…