TECH NEWS

AITMC Ventures Files IPO Papers for 3.5 Cr Shares, Eyes Drone Expansion

Gurugram-based AITMC Ventures, which operates under the AVPL International brand, has filed an updated draft red herring prospectus (UDRHP) for an initial public offering comprising a fresh issue of up to 3.5 crore equity shares. There is no offer-for-sale component, meaning the IPO proceeds will go to the company rather than existing shareholders selling their stakes.

The final size of the issue will depend on the price determined later. Market estimates currently put the potential fundraise at around ₹155 crore to ₹200 crore, although the price band, bidding dates and final offer size have not yet been announced.

AITMC is positioning itself deeper into drone manufacturing, research and drone-based services. Yet its existing business remains heavily dependent on vocational education and skill development.

Where The Money Goes

AITMC has identified uses for around ₹155.03 crore of the net proceeds. The largest allocation, ₹69.67 crore, is planned for a Future Tech...

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Alienware’s latest 34-inch QD-OLED gaming monitor is $50 off

Brad Bourque is a tech journalist and commerce writer based out of Portland, Oregon. He’s contributed to sites like Digital Trends, Business Insider, and WIRED. The Alienware AW3426DW is discounted to $742.22 at Amazon, just over $50 off its usual price of $799.99. It’s not quite

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Volvo will use Nvidia’s tech for hands-free, point-to-point driving

Volvo plans to launch hands-free, point-to-point driving by 2030, powered by Nvidia’s latest AI technology. The Chinese-owned, Swedish-designed automaker said Thursday it would use Nvidia’s autonomous driving stack to power a new partially automated driving system similar to Tesla’s Full Self-Driving (Supervised). Volvo says the new point-to-point

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FTC Demands Answers From OpenAI and Anthropic About AI Safety

The Federal Trade Commission is demanding answers from OpenAI and Anthropic about the safety of their AI products. The agency has subpoenaed both companies as part of an investigation into potential consumer protection violations, seeking information about safety incidents, safeguards, and privacy practices. The development adds to growing scrutiny of

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Alexandr Wang says ex-Apple exec Daniel Gross, now at Meta, helped bring Meta and Apple together: “we're excited for mommy and daddy to be playing nice again”

Featured Podcasts The Upstarts Podcast: The $7B Startup Mapping Your Health In Just One Hour | Neko's Hjalmar Nilsonne Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more. Subscribe to

Where The Money Goes

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Alienware’s latest 34-inch QD-OLED gaming monitor is $50 off

Volvo will use Nvidia’s tech for hands-free, point-to-point driving

FTC Demands Answers From OpenAI and Anthropic About AI Safety

Alexandr Wang says ex-Apple exec Daniel Gross, now at Meta, helped bring Meta and Apple together: “we're excited for mommy and daddy to be playing nice again”