Topic: government support
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UK Warns Businesses of Escalating Cyber Threat
The UK government is launching a campaign to push businesses, especially SMEs, to adopt basic cybersecurity measures, as data shows serious cyber incidents cost an average of £195,000 and half of small firms were attacked last year. The initiative directs companies to the government's Cyber Essen...
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Sarvam AI's Open-Source Models Bet Big on India's AI Future
Sarvam AI has launched a suite of powerful, open-source AI models, including large language models with up to 105 billion parameters, to challenge global giants and reduce India's reliance on foreign technology. A key innovation is the use of a mixture-of-experts architecture for efficiency, and ...
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AI Rivals Unite to Launch Startup Accelerator
Major AI labs like Meta, Microsoft, Google, and OpenAI are collaborating for the first time in a joint startup accelerator, F/ai, hosted in Paris to support early-stage European AI companies. The program focuses on rapid commercialization, providing mentorship and over $1 million in credits for A...
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Inside AMI Labs: The Startup Behind Yann LeCun's 'World Model'
AMI Labs, founded by AI scientist Yann LeCun, aims to build advanced "world models" for AI systems that reliably understand the physical world, targeting sectors like healthcare and robotics. The startup is seeking investment at a potential $3.5 billion valuation, with leadership under CEO Alex L...
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India Startup Funding Hits $11B in 2025 Amid Investor Caution
India's startup funding in 2025 reached about $10.5 billion, but deal volume fell sharply by 39%, reflecting a more selective and cautious investor environment focused on sustainable business models rather than speculative ventures. Early-stage funding showed resilience with a 7% increase, while ...
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Forward Edge-AI Secures Patent for Quantum-Safe Data Diode
Forward Edge-AI has patented and deployed its Isidore Quantum One-Way Data Diode, a key step in international collaboration for quantum-resistant cyber defense. The system uniquely enables true one-way data flow while supporting post-quantum encryption, closing a critical security gap against fut...
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State-Sponsored Cyber-Attacks: A Top Fear for Businesses
State-sponsored cyber-attacks are a top fear for cybersecurity professionals, with many citing a lack of preparedness for such threats linked to geopolitical conflict as a primary concern. Over a third of surveyed professionals feel their governments provide insufficient support, and the risk ext...
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The Nordic Startup Boom: What's Fueling the Growth?
The Nordic startup ecosystem is valued at half a trillion dollars, driven by a strong social safety net that encourages risk-taking and has attracted over $8 billion in venture capital in 2024. Experienced founders like Dennis Green-Lieber note that newer entrepreneurs in the region are bolder an...
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CoreWeave: The AI Industry's Hidden Risk
CoreWeave is a specialized AI cloud provider with high-profile clients but faces significant financial risks, including massive debt and questionable accounting practices that threaten its long-term viability. The company's heavy reliance on Nvidia as investor, customer, and supplier creates stra...
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OpenAI Lobbies for Data Center Tax Credits in Chips Act
OpenAI has requested the U.S. government to expand the Advanced Manufacturing Investment Credit to include AI servers, data centers, and electrical grid infrastructure, aiming to accelerate AI infrastructure development and reduce capital costs. The company also urged streamlining permitting for ...
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Pine Labs Cuts IPO Valuation in Global Fintech Push
Pine Labs is proceeding with its IPO at a valuation of approximately $2.9 billion, which is about 40% lower than its previous private valuation of over $5 billion in 2022, and has reduced its fundraising target by 20%. The company has evolved from providing point-of-sale systems to offering a bro...
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UAE Space Sector Attracts $44 Billion as Private Investment Grows
The UAE's space industry has grown significantly with AED 44 billion in investments, driven by government and private sector collaboration, positioning the nation as a global leader in space science and technology. Private sector involvement is crucial for the industry's expansion, with companies...
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Australia Poised to Become World's Second-Largest Rare Earth Supplier
Australia is poised to become the world's second-largest rare earth supplier, capitalizing on growing demand for these elements in renewable energy and technology sectors, with projections to meet 15-20% of global neodymium and praseodymium demand outside China. China currently dominates the rare...
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UAE Pours $12 Billion Into Booming Private Space Sector
The United Arab Emirates is investing $12 billion into its private space industry to strengthen its global position through a collaborative model of government support and private enterprise. The UAE's space sector is experiencing significant growth, with a doubling of SME participation and incre...
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Global Self-Driving Car Market to Reach $182B by 2035, GCC Leads with $19B
The global autonomous vehicle market is projected to reach $182 billion by 2035, with the GCC region capturing $19 billion, driven by integrated mobility networks like robo-taxis and passenger drones. Robo-taxis are expected to dominate the GCC market, potentially generating $10 billion, supporte...
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Japan's Favorite Beer Vanishes After Ransomware Attack
A severe ransomware attack has halted production at most of Asahi's Japanese factories, causing a potential nationwide shortage of Asahi Super Dry beer with no clear restart date. Retailers warn that Asahi Super Dry inventory could run out in 2-3 days, with other products following, and while sub...
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DevOpsDays Cairo 2025 Launches with 55 Global Experts
DevOpsDays Cairo 2025, themed "Paving the Way for the AI Age with DevOps," has opened with 55 international experts, focusing on integrating DevOps with artificial intelligence and supported by Egypt's Ministry of Communications and ITIDA. The conference has grown significantly since its 2018 deb...
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Egypt's Top Ministers Launch Major Entrepreneurship Initiative
The third annual Entlaq Summit in Egypt launched the Egyptian Entrepreneurship Sector Diagnostic Report (SDR 2025), backed by key government ministries and private sector sponsors to strengthen the entrepreneurial ecosystem. The Egypt Startup Charter, supported by the president and prime minister...
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South Korea's Silicon Valley Falls Short of Global Dreams
Pangyo Techno Valley is South Korea's leading technology hub, established in 2011, but it faces significant gaps in global influence, talent attraction, and international capital compared to Silicon Valley. The hub hosts major companies like Naver and Kakao but is dominated by small to mid-size e...
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Microsoft's $30B UK Investment Outshines Google's Efforts
Microsoft is investing £22 billion ($30 billion) in the UK from 2025 to 2028 to enhance AI infrastructure, including building a state-of-the-art supercomputer with over 23,000 GPUs. The investment, described as a substantial increase over previous commitments, contrasts with Google's smaller pled...
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Rivian Breaks Ground on $5B Georgia EV Factory for 2026 Launch
Rivian has started construction on a $5 billion EV manufacturing plant in Georgia, aiming to produce up to 400,000 vehicles annually, with full production expected by 2028. The facility is projected to create 7,500 permanent jobs and 2,000 construction roles, with significant investment and local...
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The End of the EV Carpool Lane Perk: What You Need to Know
California is ending its long-standing perk allowing single-occupant EVs to use carpool lanes, following the federal government's decision not to reauthorize the program. The change, effective next month, will invalidate all existing decals without refunds and affects similar programs in other st...
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US Battery Production Stalls as Natron Liquidates
Natron, a sodium-ion battery startup, shut down after failing to secure UL certification and funding, highlighting persistent challenges in U.S. domestic battery production. The closure underscores the difficulty of scaling production without long-term policy support, as seen in similar failures ...
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Central Eurasia's Top Startups Compete at TechCrunch Battlefield
The Road to the Battlefield initiative, organized by Silkroad Innovation Hub, has become Central Eurasia's largest startup competition, narrowing 485 applications from 27 countries down to four finalists who will compete at TechCrunch Startup Battlefield 2025. The competition showcased significan...
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New Cyber Fund Boosts Security for Non-Profits
The Common Good Cyber Fund is a new initiative to bolster cybersecurity for non-profits serving public interest, focusing on critical internet infrastructure and at-risk organizations. Backed by UK and Canadian governments, the fund supports high-impact cybersecurity efforts, including threat int...
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