Tag: Models

AI Tech Startups

Indian Startup News on Instagram: “AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services, according to a Reuters report. Under the deal, Perplexity will run a range of AI models through Microsoft’s Foundry program, including systems from OpenAI, Anthropic and xAI, the report said. Perplexity is backed by Nvidia, whose chips are widely used to train and deploy advanced AI models. A Microsoft spokesperson told Reuters that Perplexity has chosen Microsoft Foundry as its primary AI platform for model sourcing under a new multi-year agreement. The spokesperson added that Perplexity has not shifted spending away from Amazon Web Services, the startup’s main cloud provider, as part of the Microsoft deal. #AI #perplexity #microsoft #indianstartupnews”

AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services,…

Fintech Startups

Indian Startup News on Instagram: “Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans, and partnering with 30 companies over 4.5 years. Co-founder and CEO Aditya Kumar shared the update on LinkedIn, expressing surprise at the closure. “As a first-mover that saw scale quickly, I did not see this coming. We had done impossible: hired incredible teams, raised high-quality capital, while convincing large consumer internet platforms and industry-leading lenders to work with us to unlock value at scale,” he wrote. Niro reached $100 million in assets under management (AUM) within 24 months of launch and saw over 170 million users flow through its platform at its peak. However, Kumar cited regulatory pushback on personal lending, capital constraints, and challenges in pivoting business models as key reasons for the shutdown. #business #shutdown #entrepreneur #lending #startups #news #bengaluru #indianstartupnews”

Fintech lending startup Niro has officially shut down operations after raising $20 million in funding, disbursing $200 million in loans,…