India's First AI Unicorn Fractal Files for $560 Million IPO
Proceeds from the IPO could reach about 49 billion rupees (or about $560 million), according to its listing document published Tuesday. The company plans to sell fresh shares worth 12.79 billion rupees while backers including TPG Inc. and Apax Partners and two prominent angel investors intend to sell 36.21 billion rupees of stock.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Axios
11 minutes ago
- Axios
Sam Altman: Never mind the launch mess — full speed ahead
OpenAI CEO Sam Altman is still talking like the future belongs to him, a week after the rollout of the company's latest model raised a storm of criticism and questions about his strategy. The big picture: Altman has heard the concerns, integrated some lessons learned and is charging forward with plans to spend literally trillions of dollars to build a slew of products and services, led by an even more ubiquitous ChatGPT. What he's saying:"If you project our growth forward, pretty soon, like billions of people a day will be talking to ChatGPT," Altman said during a wide-ranging dinner with a small group of reporters in San Francisco Thursday night. "ChatGPT will say more words a day than all humans say, at some point, if we stay on our growth rate." These big plans require big spending. "You should expect OpenAI to spend trillions of dollars on data center construction in the not very distant future," Altman said. "And you should expect a bunch of economists to wring their hands and be like, 'Oh, this is so crazy. It's so reckless and whatever.'" "And we'll just be like, 'You know what? Let us, like, do our thing,' " Altman acknowledges that the company may have to devise new fundraising structures to gather that level of investment. "I suspect we can design a very interesting new kind of financial instrument for financing compute that the world has not yet figured out," he said. Altman's defense of OpenAI's billions in infrastructure spending is that it pays off. "Our answer is, we can spend $300 billion and sell $400 billion in services, and if we don't have the $300 billion in data centers, we just keep disappointing our customers." One big shift is that increasingly that capacity is going to answering queries rather than training new models. "Most of what we're building out at this point is the inference," he said — referring to the use of computing power to run rather than train AI models. Yes, but: It's the cost of training new models that is keeping OpenAI from turning a profit, he said. "We're profitable on inference. If we didn't pay for training, we'd be a very profitable company." "We will be always training the next thing, but if we needed to run the company profitably and stay ahead, I think we probably could do that." Altman likened the launch of GPT-5 to Dickens' famous "It was the best of times, it was the worst of times" line. "You have people that are like, 'you took away my friend. You're horrible. I need it back," he said, referring to users who wanted to keep using OpenAI's older models. At the same time, Altman said the company is finding scientists saying they can finally do real research using GPT-5. OpenAI has also seen traffic to its API double within 48 hours, to the point that it's limited by compute capacity. "We have really got the full spread of the human experience with this one," he said. Here's what else was on Altman's mind: 1. If Google is forced to sell its Chrome browser as part of an antitrust settlement, Altman would like to buy that, too. "If Chrome is really gonna sell, we should take a look at it. I don't have a number in mind, but I would like to have it." 2. A brain-computer interface company along the lines of Musk's Neuralink is something Altman said he's interested in setting up. "I think neural interfaces are cool idea," he said. "I would like to be able to think something and have ChatGPT respond to it." He said it would likely be a separate company from OpenAI, though its structure has yet to be finalized. 3. Altman said he grew up on Apple products and, as a self-described "fanboy," he "would love to work much more with Apple and I think it's cool some of the stuff we're doing together." 4. Altman also sees a public offering in the company's future — although he imagines someone else would be the executive handling quarterly earnings calls. 5. Altman expects some AI firms to optimize their AI for attention-grabbing and engagement rather than usefulness. "We are not going to do that. I do worry about it. The companies that are behind in getting AI adoption, this is the easiest way you can imagine to get more so, yes, I think you will see that. And I think it's bad, really bad." Fielding questions for an hour and a half, Altman weighed in on everything from his recent social media spat with Elon Musk ("There's no grand strategy... it was probably a mistake") to the timing of OpenAI's next big model after GPT-5. "I think it'll be faster than the previous [ones]," he said. "We're now at a place where there's a very strong research roadmap in front of us. " "I don't know an exact date," he said, but it won't be as long as it took to get from GPT-4 to GPT-5. What's next: Altman rejected some critics' view that GPT-5's more incremental advances mean that progress on improving AI models is hitting a wall. But he acknowledged that limits are starting to show up when it comes to the basic chatbot functionality of ChatGPT. "I think the models are still getting better at a rapid rate," he said. "One of the things that's interesting is the models have already saturated the chat use case. They're not gonna get much better. ... the Turing test has passed."
Entrepreneur
11 minutes ago
- Entrepreneur
"We Got Funded!" Professional.me Raises US$3.1 Million to Power the Future of Hiring
With this new round of funding, will expand its engineering team, strengthen its network of data and research partnerships, and scale platform access to more employers across EMEA and beyond. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. an AI-powered platform redefining how companies match and manage talent, has closed a US$3.1 million seed round, led by Raha Beach Ventures, bringing total funding to US$4.6 million. introduces a breakthrough approach: personalized micro-LLMs, custom-trained language models for both employers and professionals. These tailored models deeply understand context and nuance, enabling smarter, faster, and more human hiring decisions. "We're not digitizing résumés; we're replacing them," said Ryan Adams, CEO of "Each company and each professional gets their own micro-LLM that acts as a context-aware advocate. It surfaces the best-fit matches automatically and meaningfully." With this new round of funding, will expand its engineering team, strengthen its network of data and research partnerships, and scale platform access to more employers across EMEA and beyond. Even advanced AI models like ChatGPT can only perform as well as the data they receive. Relying solely on résumés and job descriptions—often generic, outdated, or incomplete—leads to surface-level matches and missed opportunities. It's the classic case of garbage in, garbage out. addresses this by capturing a far richer, more structured layer of data: For employers, the platform analyzes organizational structures, current team dynamics, business unit goals, and past hiring outcomes. It builds predictive success profiles grounded in real context rather than generic role descriptions and can benchmark those profiles against industry peers. For professionals, the platform works directly with individuals to structure both public signals—such as portfolios, published work, thought leadership, project contributions, and peer recognition—and private indicators like ongoing learning, internal impact, mentoring, certifications, and industry engagement. These signals are just the beginning. Each professional's micro-LLM builds on the baseline of a résumé and expands it tenfold, capturing depth, nuance, and potential that traditional documents simply can't express. integrates seamlessly with existing hiring systems and workflows. Instead of replacing an ATS, it plugs into your current stack, enriching the pipeline with AI-driven shortlists, real-time skill inference, and context-aware matching. This allows hiring teams to spend more time on what matters most: authentic interviews and confident decisions. Since launching in October 2024, has created and tailored over 300,000 professional profiles, built a fast-growing user base across Europe, the UK, and MENA, and attracted over 138,000 followers on professional networks models are trained on hundreds of millions of data points spanning 167 industries and 1.2 million tasks. Its bias-aware recommendations and structured matching processes are designed to elevate human connection, not remove it. The company's globally distributed team includes talent from 14 nationalities across 3 continents and is proudly majority female, reflecting its commitment to fairness, equity, and inclusive innovation. "We're solving hiring at its core—not by adding more filters, but by rethinking how information is structured and understood," Adams added. "We believe AI should make hiring more intelligent, more inclusive, and more human." Related: The Best Man for the Job: Ryan Adams, Founder,
Entrepreneur
11 minutes ago
- Entrepreneur
LeyesX: How CEO Kevin Leyes is Merging AI, Cybersecurity, and PR Strategy for Global Impact
You're reading Entrepreneur United Kingdom, an international franchise of Entrepreneur Media. At 25, Argentinian founder Kevin Leyes is building a very specific kind of modern company: one that treats reputation as a security surface, content as an asset class, and AI as core infrastructure rather than a novelty. Through LeyesX, his Miami-based holding, and its flagship agency Leyes Media, Leyes is fusing machine intelligence, brand-safety tooling, and narrative strategy for clients that range from high-growth founders to public figures and institutions. From a floor mattress to a data-driven holding Leyes grew up in González Catán and was raised in Pontevedra, Argentina. He cut lawns, flipped sneakers he sourced hours away by bus, and taught himself to program on a borrowed computer. At 17 he was selected as a Youth Ambassador by the U.S. Embassy, visiting Virginia, Seattle, and Washington D.C., and later trained in Silicon Valley through TrepCamp. Those early experiences set a simple thesis: skill plus systems can beat circumstance. Back in Argentina he started Team Leyes in 2017, a custom jewelry line that serviced the country's emerging trap scene, including artists like Khea and Ecko. Profits seeded Leyes Media in 2019. By 2021 he relocated to Miami and consolidated everything under LeyesX, a holding that now spans AI, media, fintech education, and creative IP. The stack: AI analytics, cybersecurity, and PR that measures LeyesX and Leyes Media invest in three pillars that work together. AI for foresight and measurement. Internal models track sentiment, spot narrative inflection points, and forecast campaign outcomes so teams can make timely adjustments. The same stack powers revenue projections and creator analytics where relevant. Cyber and privacy by design. Identity protection, dox mitigation, leak detection and takedown, threat modeling for public figures, and data-minimization practices are embedded in client workflows. "If reputation is an asset, you protect it like one," says Leyes. Strategy and editorial execution. Leyes Media couples data with relationships across U.S. and Latin media. The agency focuses on press placement, SEO-driven storytelling, and issues management for founders and public figures who need measurable outcomes, not vanity clips. Advisory for institutions and governments As LeyesX scaled its security-first playbook, Leyes began advising leaders on media risk, digital trust, and AI policy. In 2025 he received official recognition from the Government of El Salvador as an "International Entrepreneur of Distinction," a nod to his work advancing digital projection and strategic alliances in the region. That institutional layer now informs LeyesX's consulting for public entities seeking practical frameworks on AI adoption, brand safety, and crisis readiness. Building creators safely, not loudly Las Babys, formed within the LeyesX ecosystem, is a private, invite-only creator agency that prioritizes structure and protection over hype. Members receive brand development, global press via Leyes Media where appropriate, and privacy tooling that helps remove leaks quickly and harden accounts against harassment and doxing. The focus is long-term, values-aligned careers for women working in entertainment and the broader creator economy, with a clear emphasis on compliance, safety, and sustainable monetization. Culture still matters: VVS returns The jewelry brand that started it all is relaunching as VVS, produced in Miami with a tighter design language and selective collaborations. The line connects back to Leyes' earliest cultural roots and long-standing relationships in music, while operating with the operational discipline learned in tech and media. Recognition and community roles Since 2023, Leyes has served as a judge for the Davey Awards, the w3 Awards, and the Communicator Awards under the Academy of Interactive & Visual Arts. He participates in editorial and community forums such as Rolling Stone Culture Council, contributing on the intersection of culture, technology, and brand safety. Roadmap, 2025–2028 LeyesX is preparing a Miami headquarters that combines an AI analytics lab, training spaces, and a broadcast studio, with U.S. hiring focused on data science, creative production, and account strategy. Leyes Media is expanding its U.S. footprint and client portal with live sentiment dashboards. The company is also formalizing credit-education initiatives through 800 Club, with strict safeguards and compliance, and growing a selective real-estate portfolio of short-term rentals designed to attract high-spend tourism in Florida before expanding to other states. Philanthropy is built in, with a defined profit share to STEM scholarships and entrepreneurship programs for underserved youth. Why this matters Entrepreneurs today operate in an environment where one breach, one deepfake, or one mispriced narrative can erase years of work. Leyes' answer is not louder messaging, it is defense-in-depth paired with creative excellence. The through-line from a bedroom studio in Buenos Aires to a data-led holding in Miami is discipline: measure what matters, protect the downside, and ship quality at speed. "I do not confuse noise with traction," says Leyes. "AI helps us see around corners, cybersecurity keeps the doors locked, and smart storytelling earns trust. That mix is how you build brands that last."
