
Nvidia chip challenger FuriosaAI scores first major customer LG
FuriosaAI, a Seoul-based startup, will supply its AI chip RNGD to LG AI Research. This follows a rejection of an $800 million acquisition bid from Meta. LG will use the chip for its Exaone large-language models. FuriosaAI aims to challenge Nvidia and other AI chip companies.

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Business Standard
21 minutes ago
- Business Standard
Torrent Pharma Q1 results: PAT up 20% on robust sales across territories
Torrent Pharmaceuticals on Monday reported a 20 per cent year-on-year (Y-o-Y) rise in consolidated net profit for the June quarter (Q1 FY26) to ₹548 crore, up from ₹457 crore in Q1 FY25, on the back of robust sales across territories. The company's revenue from operations rose to ₹3,178 crore in Q1 FY26, reflecting an 11 per cent Y-o-Y growth from ₹2,815 crore in Q1 FY25. This includes an 11 per cent increase in the company's India revenues, which rose to ₹1,811 crore, led by outperformance in focus therapies. Torrent's chronic business grew at 13 per cent, compared to the Indian Pharma Market's (IPM's) growth of 9 per cent. The Ahmedabad-based pharma major added that it has 21 brands in the top 500 brands in the IPM, with 14 brands having sales of more than ₹100 crore. 'The figure includes acquisition-related one-off expenses of ₹15 crore,' the company said in a statement. Apart from the domestic market, the company also saw growth in revenue from foreign markets. Torrent's revenue from the US market rose by 19 per cent to ₹308 crore, up from ₹259 crore in Q1 FY25. Similarly, revenues from the Brazil market rose by 11 per cent Y-o-Y in Q1 FY26 to ₹218 crore, up from ₹196 crore in the same period last year. The company attributed this growth to the performance of top brands, new launches, and growth in the generic segment. On Monday, Torrent's shares rose marginally by 0.75 per cent, ending the day's trade at ₹3,629.50 apiece on the Bombay Stock Exchange.


NDTV
21 minutes ago
- NDTV
US Startup Claims To Have Found New Way To Make 5,000-Kg Of Gold Every Year
A US startup has claimed that it has found a novel way to turn mercury into gold, opening a new 'revenue stream for the future'. San Francisco-based Marathon Fusion stated that using the nuclear fusion process, the precious element can be developed. Using the radioactivity from neutron particles in a nuclear fusion reactor, the team from Marathon Fusion said mercury can be converted into mercury-197. Afterwards, this element decays into a stable form of gold: gold-197. "Fusion-driven transmutation of mercury into gold transforms fusion energy from a stand-alone power technology into a multi-product industrial platform, dramatically strengthening its economic and societal value proposition," the company highlighted in a yet-to-be-peer-reviewed paper. As per the estimates by the researchers, a fusion power plant could produce 5,000 kg of gold per gigawatt of thermal power in a single year of operation. Since one gigawatt is the average output of a large nuclear plant, it could lead to over $550 million worth of gold per year per GW of fusion energy. "With focused effort on the technology gaps identified, the approach described could accelerate the commercial deployment of fusion power and, in doing so, turn an ancient aspiration into a reality. The goal of classical alchemy is now achievable through practical engineered solutions." The researchers said the gold was the bonus byproduct of the fusion reactors, and it would not interfere with the plant's primary purpose of developing clean energy. However, one complication is that the presence of other types of mercury may result in the production of unstable gold isotopes alongside gold-197, meaning the metal could be partially radioactive. Marathon Fusion's chief technology officer, Adam Rutkowski told Financial Times that the gold would have to be stored for 14 to 18 years for it to be labelled radiation-safe. Gold from mercury -- dream or pipe dream? Scientists regard nuclear fusion as the holy grail of energy that could help in generating limitless, clean energy for the planet. It is what powers our Sun as atomic nuclei are merged to create massive amounts of energy, which is the opposite of the fission process used in atomic weapons and nuclear power plants, where the heavy atom is split into multiple smaller ones. In the last few years, Marathon Fusion has raised almost $6 million in investments and $4 million in government grants, as it focuses on developing efficient nuclear fusion power systems. However, until commercial fusion reactors are developed, the dream of making gold from mercury may remain a pipe dream.


News18
43 minutes ago
- News18
BCIC announces new office bearers for 2025-26
Agency: PTI Bengaluru, Jul 28 (PTI) The BCIC, now in its 49th year, on Monday announced its newly elected office bearers for the 2025-26 term here. At its annual general meeting held recently, Prashant Gokhale, managing director of Bühler India, was appointed as president, the Bangalore Chamber of Industry and Commerce said, in a press release. K Ravi, director of VReBiz Solutions, has taken over as senior vice president, while Prashanth Reddy, managing director of Fundermax India—the Bengaluru-based arm of the Austrian multinational—has assumed charge as vice president. Gokhale began his career in R&D at Bajaj Auto before joining Bühler, where he has held several leadership roles in customer service and sales. He has served as the president of South Asia and managing director of Bühler India since 2015, the release added. Ravi, a Chartered Accountant, specialises in domestic and international taxation, investment planning, and corporate audits. He previously served as president of the Federation of Karnataka Chambers of Commerce & Industry (FKCCI) in 2017-18 and as president of the Karnataka State Chartered Accountants Association. The newly elected president said BCIC's focus for the year will be on empowering MSMEs, accelerating infrastructure modernisation, nurturing talent, and simplifying regulatory processes. PTI JR SSK Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.