NATO announces $1B fund to back startups supporting ‘safety, freedom and human empowerment’

August 1, 2023
After announcing plans nearly two years ago, defense alliance NATO has officially closed its first fund to back startups that are building technology strategic to NATO’s own goals in defense and security. Member nations are collectively committing capital totalling €1 billion (around $1 billion at current rates) to the NATO Innovation Fund, which plans to […]

Ola’s Aggarwal sets eyes on AI, semiconductor design

August 1, 2023
Indian entrepreneur Bhavish Aggarwal, co-founder of ride-hailing firm Ola and electric vehicle startup Ola Electric, is venturing into fresh terrain as he navigates his businesses towards initial public offerings. He has set up an AI startup that seeks to develop a large language model and is currently scouting two U.S.-headquartered AI startups for a potential […]

Nigeria’s Remedial Health gets QED backing in $12M round

August 1, 2023
Remedial Health, a Nigerian startup digitizing pharmacies and bringing efficiency to the pharmaceutical value chain, has raised $12 million Series A equity-debt funding, to scale operations in the West African country. Fintech VC firm QED Investors co-led the round, banking on embedded financial opportunities like payments, and lending in the pharmaceutical sector. This is QED’s […]

Google Assistant reportedly pivoting to generative AI

July 31, 2023
When Google had its unpleasant realization that it had been complacently spinning its wheels on a form of fake AI for a decade, chances are it started re-aligning itself that day. And it sounds like Assistant itself is now getting a generative facelift, according to an internal email reported by Axios. The email says that […]