Elon Musk offers $97B to buyout OpenAI
Billionaire Elon Musk has made an audacious bid of $97 billion to buy OpenAI, the organization responsible for Chat GPT.
Musk, who was a co-founder of the lab but left in 2018, has criticized the company’s trajectory, particularly its partnership with Microsoft.
He says OpenAI has abandoned its original mission of benefiting humanity in favor of profits. Musk said the offer was to bring OpenAI back into his fold and back to his vision of ethical AI development.
The proposal has ignited heated discussions, with people praising Musk’s ambition and others wondering what his motives are. It remains uncertain if OpenAI will take up the offer, which represents the latest attempt to entice the company.
Adani and Bajaj enters Healthcare Business
Adani Group and Bajaj Group are now in the healthcare business. Adani will construct hospitals and provide affordable medical care.
Bajaj will cover health insurance and wellness. Both companies are trying to get healthcare into the hands of more people in India.
This step is in line with their effort to ensure wellness of extensive public health and widened portfolio.
The move comes amid a growing demand for health care in the country. People hope this will provide many with better and less expensive medical services.
Zeta raise $50M at $2B valuation
Fintech Zeta just landed $50 million in funding that pushed its valuation to $2 billion.
The company assists companies in managing payments and employee benefits. Investors are “buoyed” with Zeta’s growth and plans to expand its services.
The funding reflects bold confidence in Zeta’s future and its power of innovation in the financial tech space. A big win for the team!
Magicpin post Rs 78 cr loss in FY24, revenue up 193%
Magicpin reports Rs 78 crore loss in FY 2024 as it grows to 900 million users Nonetheless, the company reported a big rise in revenue, which surged 193% from a year ago.
This indicates an increase in revenues, however, Magicpin continues to have high expenses, resulting in a loss. Revenue grew as the firm focuses on expanding its services and reaching more users.
But controlling costs is still a challenge. The news highlights both the growth potential of the business, and the challenges as the company seeks to manage growth with profitability.
Dhan post Rs 214 cr Profit in H1 FY25
Dhan, the financial services platform, has posted a solid profit of Rs 214 crore for the first half of the current financial year 2024-25.
The company continued to post impressive growth, indicating its ability to attract users and expand its services.
Moreover, this success showcases Dhan’s priority on innovation and customer service, which allowed it to receive a competitive edge in a dated in the business world.
These encouraging outcomes restored faith in the company and its future, paving the way for a brighter tomorrow for both the company and its customers.
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