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“We’re not doing 30 bets a year”: Vijay Pande on betting small after running $4 billion at a16z

Vijay Pande — who left a16z's roughly $4 billion biotech practice last year to start the much smaller, AI-native VZVC — talks about why biology is finally shifting from a "discovery" science to an "engineering" one, why clinical trials are still brutally expensive, and why he thinks open, shared datasets (not walled-off ones) are what will actually let AI…

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ITC Infotech to acquire 22.1% stake in Happiest Minds for Rs 1,330 crore; firms to merge

ET had first reported on March 20 about ITC Infotech potentially looking to pick a stake in Happiest Minds. On August 29, ET reported details of the proposed transaction, including a merger through a share swap that will effectively result in the backdoor listing of ITC Infotech.

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Fervo signs 396-MW geothermal power supply deal with Google; shares jump

The agreement ​gives ​Google an option to increase its ⁠power purchases by about 600 MW, ​bringing total potential capacity under the ​arrangement to nearly 1 gigawatt by June 2030, Fervo said. The companies began working ​together through ​Fervo's Project ⁠Red geothermal pilot project in Nevada, which came online in 2023.

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Oppex AI raises Rs 4.2 crore in pre-seed round from Info Edge Ventures

Bengaluru-based Oppex AI has secured Rs 4.2 crore in pre-seed funding from Info Edge Ventures. The fresh capital will be used to expand the team, accelerate product development and scale deployments with early customers, a company statement said.

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OpenAI's ad business hits $1 billion annualised revenue run rate

The company started testing ads in ChatGPT U.S. earlier this year and has steadily expanded to ‌add advertisers ⁠and ⁠tap into more markets, as it banks on advertising to boost ​overall revenue growth ahead of a potential IPO.

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Social media companies are trying harder to know which users are kids

Determining which accounts belong to children is the linchpin of child safety measures that other companies, including Google, TikTok, and Roblox, are ramping up as public and regulatory sentiment turns against them in the US and other countries.

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Uber is laying off 10% of staff, or 3,300 people

Uber is laying off about 3,300 people, or about 10% of its global headcount, in a bid to reduce management layers and invest more in its ridesharing, delivery, and robotaxi divisions.

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