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Investments & Funding;AI & Automation;Startups

Alphabet commits $40 billion to Anthropic as AI startup’s valuation reaches $350 billion

Google-parent Alphabet will invest up to $40 billion in AI startup Anthropic, including an initial $10 billion cash infusion at a $350 billion valuation. The deal follows Amazon’s $25 billion commitment and positions Anthropic as a critical competitor and partner to both cloud giants.

United States | 1 month ago

Startups

DPIIT collaborated with a major AC company to accelerate manufacturing innovation for Indian startups

The Department for Promotion of Industry and Internal Trade has entered into a strategic partnership with a major air conditioning manufacturer to bolster the startup ecosystem. This initiative focuses on scaling hardware and digital solutions within the HVAC and advanced manufacturing sectors through technical mentorship and infrastructure access.

1 month ago • India

Investments & Funding

Japan and Nigeria launch JPY 3.142 billion initiative to bolster startup ecosystem and private capital mobilization

The Japan International Cooperation Agency and the Nigeria Sovereign Investment Authority have established a long-term partnership to finance West African startups. With a JPY 3.142 billion grant, the project aims to stabilize the local venture capital environment, foster social entrepreneurship, and create new corridors for strategic collaboration between Japanese enterprises and Nigerian innovators.

1 month ago • Nigeria

Investments & Funding

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

1 month ago • Central Africa;Western Africa

AI & Automation

NVIDIA unveils £2 billion plan to boost the U.K.’s AI startup landscape

NVIDIA has announced a £2 billion investment to supercharge the United Kingdom’s artificial intelligence startup ecosystem. The initiative aims to improve access to advanced computing, support emerging AI founders, create jobs, and strengthen the U.K.’s global standing in the AI sector.

1 month ago • United Kingdom

Startups

AI Search Startup Onton raises $7.5 million seed round to expand AI-driven search platform globally

Onton has raised $7.5 million in seed funding led by Footwork, with participation from Liquid 2, Parable Ventures and 43, bringing total funding to about $10 million. The capital will support product expansion, team growth and international market development.

1 month ago • United States

Mergers & Acquisitions

US Commerce Department to invest up to $150 million in in chip laser startup

The U.S. Department of Commerce plans to invest up to $150 million in xLight, a startup developing free-electron laser systems for semiconductor lithography. The proposed funding marks the first investment under the administration’s semiconductor R&D framework.

1 month ago • United States

Latest News

Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.