Bengaluru- and San Francisco-based enterprise artificial intelligence platform Parallel Loop has raised $6.6 million (approximately ₹55.4 crore) in a seed funding round spearheaded by early-stage venture capital firm 3one4 Capital.
Dalal Street witnessed a sharp sectoral turnaround as the Nifty IT index surged over 4%, with heavyweights TCS, Infosys, and midcap standout Coforge driving a 2,000-point surge on enterprise AI growth and overseas demand.
The United States has suspended employer-sponsored green card processing for Indian IT majors including TCS, Infosys, Wipro, and HCLTech. Shark Tank India judge Anupam Mittal views the curb as a massive structural catalyst for domestic deep tech and enterprise AI innovation.
As foundational generative AI leaders Anthropic and OpenAI prepare for high-profile public market debuts, Broadcom's leadership delivers a sobering reality check regarding infrastructure sustainability and valuations.
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