Nvidia hits $3 trillion in value📊
NPCI Inks Pact with Peru, Zoho rolls out AI-powered CRM, Stock prices of swing on poll results, Funding Deals and more.
Hello and welcome to Thursday’s edition of Rise & Shine!
"Don’t spend time beating on a wall, hoping to transform it into a door."
- Coco Chanel
Today’s quote from Coco Chanel encourages us to focus our efforts wisely and avoid futile pursuits.
Tech Updates
Nvidia hits $3 trillion in value as shares rise 5.2%, chip maker zooms past Apple as second-most valuable company
According to a Bloomberg report, Nvidia Corporation, the world's most valuable semiconductor company, has now become the first computer-chip firm to hit a $3 trillion market capitalization. The Santa Clara, California-based company's shares have surged roughly 147% this year, adding about $1.8 trillion due to the increasing demand for its chips that power artificial intelligence (AI) tasks.
NPCI Inks Pact with Peru to Build UPI-Like Payments System
The National Payments Corporation of India’s (NPCI) international arm, NPCI International Payments Limited (NIPL), has signed an agreement with the Central Reserve Bank of Peru (BCRP) to develop a digital payments system for the South American nation akin to the homegrown Unified Payments Interface (UPI). With this, Peru becomes the first country in South America to adopt UPI.
Zoho rolls out AI-powered customer management features amid slowing growth
Chennai-based Zoho Corp. has overhauled one of its key revenue generators, its customer management software Zoho CRM, amid slowing growth in the enterprise tech company’s key US market. The updates include integrating AI-powered customer relationship management (CRM) analytics and support for businesses to use open-source AI models.
Stock prices of new-age firms swing on poll results
Major new-age companies including Zomato, Paytm, Delhivery, Nykaa, and PB Fintech saw their stock prices fall on Tuesday. However, they were back up on Wednesday as the broader markets recovered some losses.
Funding Deals
Digital lending startup Fibe has raised $90 million in a Series E round led by TR Capital, Trifecta Capital, and Amara Partners. Its existing investors TPG Rise Fund, Norwest Venture Partners, Eight Roads Ventures, and Chiratae Ventures also participated in the round.
AI-based low-code test automation platform Testsigma has raised $8.2 million in funding led by MassMutual Ventures, along with existing investors Accel, STRIVE, and BoldCap.
Robotics startup Botsync has raised $5.2 million in its Series A round led by Capital 2B and Betatron Venture Group. IvyCap Ventures Advisors Private Limited, AppWorks, Iterative, Wong Fong, ZB Capital, Nalin Advani, and Ascend Angels have also participated in the round.
🧱 Short Story: The Pursuit of Progress
Mark spent months trying to get a promotion in a department where opportunities were scarce. Despite his hard work, nothing changed.
One day, he decided to apply his skills elsewhere in the company.
He immediately found a role that appreciated his talents and offered growth.
Mark realized that sometimes, instead of trying to change the unchangeable, it's better to redirect your efforts toward new opportunities.
Tweet of the day🐥
Today, let Coco Chanel's wisdom guide us to recognize when it's time to move on from unproductive efforts and seek new paths that align with our goals.
Embrace change and be open to new opportunities.
Feel free to share it with someone who could use a little inspiration. Let's pass on the good vibes and make someone's day!
Thanks for reading till the end!
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