NewQuest sells Rs 200 crore Shadowfax stake in fresh bulk deal
The latest transaction comes weeks after NewQuest sold 1.25 crore Shadowfax shares for around Rs 300.6 crore in August at Rs 240.46 per share.
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The latest transaction comes weeks after NewQuest sold 1.25 crore Shadowfax shares for around Rs 300.6 crore in August at Rs 240.46 per share.
The shares were acquired by a range of institutional investors, including Societe Generale - ODI and Motilal Oswal Large and Midcap Fund.
The latest deal comes days after another large block transaction on August 28, when nearly 2.95 crore Lenskart shares worth Rs 1,857 crore changed hands at Rs 630 apiece.
The latest sale marks Ribbit Capital’s second major share sale in Groww this year.
The transaction marks Y Combinator’s second significant share sale in Groww this year after the six-month lock-in period for investors ended following the startup's listing late last year.
A year after launching ChatGPT Go in India, Sam Altman-led OpenAI has gone far beyond selling a cheaper subscription, building partnerships and local talent...
Thinking Machines said the model uses nearly a third of the tokens required by Nvidia's Nemotron 3 Ultra to achieve comparable coding performance on one benchmark.
The lawsuit marks a fresh flashpoint in the intensifying battle between major technology companies to dominate the next generation of AI-powered hardware.
Simo joined OpenAI’s board in 2024 before taking charge of the newly created CEO of Applications role in 2025.
Alongside the models, OpenAI introduced ChatGPT Work, a productivity tool for enterprise users.
The models are built to handle simultaneous speech input and output, reducing delays and making interactions feel more fluid.
Singh, who spent more than 11 years at Uber, will join OpenAI in September.
The chip is the first in what it describes as a multi-generation compute platform
OpenAI's cash and marketable securities increased to more than $73 billion at the end of the quarter from about $40 billion at the end of 2025, boosted by a funding round announced in March.
The filing comes days after Anthropic raised $65 billion at a valuation of $965 billion, making it the world's most valuable AI startup ahead of OpenAI.
We have a news development to report on from the payments ecosystem. And, we write how users aged 18-24 now account for nearly half of all ChatGPT messages in India.
August 29th Edition: We track Groww’s hush-hush IPO filing and why unicorns are choosing silence over spotlight; and how OpenAI’s India office could ignite a PE gold rush in AI.
ADIA had first invested in MobiKwik in 2021, putting Rs 14.89 crore at a $700 million valuation.
OpenAI said that GPT-5 has made significant advances in reducing hallucinations, improving instruction following, and minimizing sycophancy.