• AI news and Funding updates 31 March 2025

  • Apr 1 2025
  • Length: 5 mins
  • Podcast

AI news and Funding updates 31 March 2025

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  • AppleProject Mulberry: Apple is developing an AI-driven Health app called "Project Mulberry" that will integrate data from its devices and third-party apps to offer personalized health recommendations. It includes features such as a health coach, integration of physician and expert insights, and potential use of the device camera to provide feedback on physical activities. This initiative reflects Apple’s ongoing efforts to enhance its health ecosystem.IESA & ChhattisgarhElectronics and Semiconductor Development: Chhattisgarh and the India Electronics and Semiconductor Association (IESA) have signed an MoU to bolster the state's electronics and semiconductor industry. The collaboration aims to transform the region into a key hub for homegrown semiconductors by fostering investments, innovation, and ease of doing business through initiatives such as incubation centers, manufacturing clusters, and talent development programs.SoftBankAI Industrial Parks: SoftBank Group Corp. is reportedly considering a massive $1 trillion investment to create AI industrial parks across the US. Led by founder Masayoshi Son, the plan envisions factories run by AI-equipped robots to mitigate labor shortages and enhance manufacturing competitiveness. This proposal significantly exceeds Son’s earlier $500 billion AI infrastructure initiative.Expertia AIFunding and Expansion: Expertia AI, an AI-powered recruitment platform, has raised ₹20 crore in pre-series A funding from investors including Chiratae Ventures and Flipkart. The funds will be used to enhance its platform, recruit AI talent, and expand into the US market. Since its inception in 2021, the platform has streamlined hiring processes for over 18,000 companies and achieved notable revenue growth.Zhipu AIAutoLM Rumination Launch: Chinese AI startup Zhipu AI has introduced AutoLM Rumination, a free AI agent designed for advanced research and report generation. Leveraging its proprietary models, the tool competes with other leading technologies in the market. The company, valued at approximately $2.74 billion, is backed by tech giants such as Tencent and Alibaba Group, highlighting China’s rapidly growing AI capabilities.Vanguard GroupGlobal Capability Centre: Vanguard is setting up its first Global Capability Centre in Hyderabad, India, focusing on hiring skilled engineers in AI, data analytics, and mobile technologies. The facility is expected to expand significantly, reinforcing Hyderabad’s emerging status as a technology and innovation hub.PerplexityFinancial Stability & Product Update: Perplexity CEO Aravind Srinivas has countered reports of financial instability by confirming that the company’s revenue is growing and its funding is secure. He clarified that the introduction of the "Auto mode" in the product is intended to simplify user interaction by automatically selecting the appropriate AI model, and emphasized that there are no imminent plans for an IPO before 2028.
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