Artificial intelligence (AI) studio Inflection AI announced a hefty $1.3 billion in funding raised in a recent round led by prominent investors including Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. This substantial investment bolsters the total funds raised by the Palo Alto-based company to $1.5 billion. The funds will underpin the […]
Reliance New Energy Solar (RNESL), a newly incorporated subsidiary of Reliance Industries, will invest $50 million in American energy storage company Ambri Inc for acquiring 42.3 million shares. The Reliance Industry subsidiary is taking part in a $144 million investment in the energy storage firm alongside Paulson & Co. Inc. and Bill Gates among few […]
