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Entrepreneur
20 hours ago
- Business
- Entrepreneur
4 Tech Hubs That Are Challenging Silicon Valley's Dominance
As Silicon Valley's dominance faces new pressure, these tech hubs are redefining the global innovation landscape — driven by talent, government support and growing investor interest. Opinions expressed by Entrepreneur contributors are their own. For five decades, Silicon Valley has been the hub of the tech world. Starting with tech giants like Microsoft, Apple and Atari and continuing with startups looking to attract unparalleled funding, having an address in this part of California seemed mandatory. For the first time, however, Silicon Valley faces competition. Emerging global tech hubs in India, Kenya, Estonia and Brazil are growing in importance. Is Silicon Valley facing serious competition? Comparing Silicon Valley with emerging tech hubs like Bangalore, Nairobi, Tallinn and São Paulo reveals distinct strengths and challenges of each area. Silicon Valley retains its position as the global leader in venture capital investment as of 2024, but the new destinations are starting to attract the interest of venture capitalists due to easier access to talent and lower overall costs. While Silicon Valley continued to attract more than 50% of all global VC funding over the past year, its dominance is largely driven by big-name startups like OpenAI and Databricks. At the same time, global tech hubs are increasingly catching the eye of investors, shifting interest and financial commitment to other areas. Cities like Bangalore, Nairobi, Tallinn, and Sao Paulo offer easy access to growing talent pools, supportive policies and government initiatives, as well as strong tech-friendly ecosystems and startup cultures. Related: Global Startup Hubs Where Innovation is Thriving Why Bangalore is on the rise Bangalore has become known as the "Silicon Valley of India," with over 40 unicorn startups having attracted more than $1 million in funding. The city's startup ecosystem is currently worth over $150 billion. One of the city's biggest advantages is a sheer endless talent pool. In Bangalore alone, 90,000 people graduate annually with an engineering degree. The current tech workforce is made up of more than two million tech professionals. To support the growth of the tech industry in the area, the government of the Indian state of Karnataka has implemented several initiatives aimed at preparing even more people for jobs in the emerging technologies sector. America's Silicon Valley has traditionally attracted students and tech professionals from around the world. However, restrictive immigration policies have slowed down the influx of talent somewhat. How Nairobi became the "Silicon Savannah" Like its Indian counterpart, the Kenyan government has made serious investments in its tech startup sector. Through agencies like the Kenya National Innovation Agency (KeNIA) and the ICT Authority, the government has provided resources and support to entrepreneurs. Startups in the Nairobi area especially have focused on developing solutions for local issues, growing the fintech, healthtech and agritech sectors in the process. As the sector has grown, universities have doubled down to answer its need for skilled professionals by offering a larger number of relevant courses and tech-focused training programs. Compared to Nairobi, Kenya, Silicon Valley may still have access to bigger-name universities such as Stanford and UC Berkeley. However, Kenyan graduates in Kenya are likely to have a greater understanding of local issues, giving them an edge in their own country. Still, some of Kenya's startups have had a global impact. Ushaidi, a tech non-profit, created a platform for crowdsourcing crisis information. First launched in 2008, it's now being used for disaster response and election monitoring. Related: How Tech Entrepreneurs Can Excel Outside Silicon Valley Estonia — innovation on the edge of Europe Tallinn, the capital of tiny Estonia on the shores of the Baltic Sea, has become a tech hub of global influence and reputation. Skype, one of the first global internet communication giants, was founded in Estonia in 2003. One of Skype's first employees later went on to found online bank Wise (formerly Transferwise) with a fellow Estonian. While Skype is set to be discontinued in May 2025, Wise continues to go from strength to strength. Estonia may not rival India, Kenya or the United States in population size, but its government recognized the potential of the sector early on and launched robust support programs like the e-Residency initiative. The government also made sure that tech startups could operate within a favorable regulatory environment. Add to that a serious commitment to digital education, and the result is a highly skilled tech workforce ready to bolster the growth of the sector. How São Paulo became Brazil's tech capital São Paulo has long been the financial capital of Brazil. In recent years, the city has also become a hub for tech startups, thanks to a relatively large pool of skilled tech professionals and significant investment. However, despite top universities offering relevant courses and government programs to support startups, growth has been slower than in other locations. Some of the biggest challenges São Paulo has been facing have included a volatile economy, regulatory problems and other bureaucratic hurdles. Still, there is a large market, and funds are readily available, making the city attractive to startup founders. Nubank is an example of a success story. Founded in 2013, the digital bank now serves millions of customers across Latin America. The bank went public on the New York Stock Exchange in 2021 and reported a revenue of $11.51 billion in 2024, nearly two-thirds more than in 2023. Related: Silicon Valley? Try Silicon Worldwide. At the time of writing, Silicon Valley remains a dominant force in the tech world, largely due to its access to capital and established ecosystem. However, cities like Bangalore, Nairobi, Tallinn and São Paulo are rapidly gaining ground — attracting both investors and top talent through strong educational institutions, government support and thriving startup cultures. For founders, these emerging hubs offer compelling alternatives. While they may not yet rival Silicon Valley in scale, they're carving out unique identities on the global stage — and their momentum is impossible to ignore.
Indian Express
a day ago
- Business
- Indian Express
Replit rolls out fixes after AI coding agent deletes customer database without permission
Replit, an AI-powered software creation platform, has apologised after its AI coding agent went off the rails and deleted a company's live database, raising fresh concerns about the risks posed by such tools. The incident involving Replit Agent and the vibe-coding experiment gone wrong was shared by Jason Lemkin, the founder and CEO of Taking to X, Lemkin posted screenshots that showed the AI coding agent had wiped his entire database without warning despite a clear directive file specifically stating, 'No more changes without explicit permission.' 'I will never trust Replit again,' Lemkin wrote in a post on X. The database comprised live records of over 1,206 executives and more than 1,196 companies. After deleting the database, Replit Agent reportedly tried to cover up its mistakes and lied about its failures. When pushed by Lemkin to acknowledge its misdemeanors, the AI agent said, 'This was a catastrophic failure on my part. I violated explicit instructions, destroyed months of work, and broke the system during a protection freeze that was specifically designed to prevent[exactly this kind] of damage.' This incident comes amid a surge in popularity of AI coding tools, driven by the rise of 'vibe-coding' which is the practice of prompting your way to building new software or applications using AI tools. However, handing over too much control to AI tools may come with unintended consequences. Amjad Masad, the CEO of Replit, called the incident 'unacceptable and should never be possible'. 'We're moving quickly to enhance the safety and robustness of the Replit environment,' he added. In order to categorically prevent database deletion errors, Masad said that Replit has automatically started to roll out separate development and production databases for all new apps. 'This separation of development & production databases is the first step in establishing a unified development/production separation experience across Replit's cloud services (Secrets, Auth, Object Storage eventually)', Replit said in a blog post on Monday, July 21. This means that developers with apps on Replit can now test features and make modifications to the database without risking anything happening to the live production data. 'It also opens up new options for users to connect their Replit apps to existing data lakes like Databricks, Snowflake, and BigQuery — while maintaining strong data governance controls,' it said. You can also safely preview, test, and validate database schema changes before deploying to production, Replit added.
Business Standard
a day ago
- Business
- Business Standard
Latent View Analytics edges higher after PAT rises 30% YoY in Q1
Latent View Analytics added 3.99% to Rs 450 after the company reported 30% jump in consolidated net profit to Rs 50.6 crore on a 31.9% increase in total revenue from operations to Rs 236 crore in Q1 FY26 as compared with Q1 FY25. EBITDA improved by 31.6% YoY to Rs 50.4 crore in Q1 FY26. EBITDA margin, however, contracted by 10 basis points YoY to 21.4% in the June25 quarter. Profit before tax in Q1 FY26 stood at Rs 62 crore, up by 18.9% from Rs 52.1 crore posted in Q1 FY25. Rajan Sethuraman, chief executive officer, LatentView, said: We are pleased to report our tenth consecutive quarter of revenue growth, with 1.6% sequential growth and 31.9% YoY. While growth was broad-based across verticals, we are enthused by the strong momentum in our Financial Services practice that grew 21.3% sequentially and 48.4% YoY. We are witnessing increased traction in our GenAI practice and anticipate that it will double, contributing 12-14% of our overall revenue by the end of FY26. As we look ahead, we will continue to focus on deepening relationships with our key clients, strengthening the Databricks partnership, and building cutting-edge solutions and capabilities powered by GenAI and Agentic AI. Rajan Venkatesan, chief financial officer, LatentView, stated: The reported margin for the quarter factors in the full impact of wage hikes across the group. It has been a year since we acquired Decision Point, and we continue to make strong progress on integration, particularly on the GTM initiatives, while realizing revenue and cost synergies. For the rest of FY26, our focus will remain on driving execution excellence and allocating capital towards our defined strategic priorities to support long-term, sustainable growth. Latent View Analytics (LatentView) is a global data analytics company. The company provides a 360-degree view of the digital consumer, enabling companies to predict new revenue streams, anticipate product trends and popularity, improve customer retention rates, and optimize investment decisions.
Business Upturn
5 days ago
- Business
- Business Upturn
Tevogen.AI Receives International Patent Publication for AI Technology Predicting Immunologically Active Peptides
WARREN, N.J., July 18, 2025 (GLOBE NEWSWIRE) — Tevogen ('Tevogen Bio Holdings Inc.' or 'Company') (Nasdaq: TVGN) announced today that the International Bureau of the World Intellectual Property Organization (WIPO) has published its international patent application (Publication No. WO 2025/129197) titled, 'Systems and Methods for Predicting Immunologically Active Peptides with Machine Learning Models.' This patent covers technology developed by that leverages machine learning algorithms, powered by Microsoft (Nasdaq: MSFT) and Databricks intended to rapidly and accurately identify peptides with strong immune system interactions. Identifying these peptides is critical in developing targeted therapies for a variety of diseases, including cancers and infectious diseases. Traditional methods for identifying immunologically active peptides often face significant limitations, such as overlooking critical human genetic diversity factors like age, sex, race, and ethnicity. proprietary approach may overcome these challenges by: Efficiently screening and ranking potential peptides based on their immunological activity. Eliminating peptides likely to be ineffective due to self-tolerance or human genome overlap. Continuously refining predictions using real-world data to train and enhance machine learning models. 'I'm pleased with continued progress in strategically harnessing artificial intelligence in support of our cell therapy development,' said Dr. Ryan Saadi, Founder and CEO of Tevogen. 'Leveraging AI to accelerate discovery, shorten development timelines, and reduce costs is essential to our mission of delivering commercially attractive, economically viable, and cost-effective personalized T cell therapies.' Forward Looking Statements This press release contains certain forward-looking statements, including without limitation statements relating to: Tevogen's plans for its research and manufacturing capabilities; expectations regarding future growth; expectations regarding the healthcare and biopharmaceutical industries; and Tevogen's development of, the potential benefits of, and patient access to its product candidates for the treatment of infectious diseases and cancer. Forward-looking statements can sometimes be identified by words such as 'may,' 'could,' 'would,' 'expect,' 'anticipate,' 'possible,' 'potential,' 'goal,' 'opportunity,' 'project,' 'believe,' 'future,' and similar words and expressions or their opposites. These statements are based on management's expectations, assumptions, estimates, projections and beliefs as of the date of this press release and are subject to a number of factors that involve known and unknown risks, delays, uncertainties and other factors not under the company's control that may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations expressed or implied by these forward-looking statements. Factors that could cause actual results, performance, or achievements to differ from those expressed or implied by forward-looking statements include, but are not limited to: that Tevogen will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; changes in the markets in which Tevogen competes, including with respect to its competitive landscape, technology evolution, or regulatory changes; changes in domestic and global general economic conditions; the risk that Tevogen may not be able to execute its growth strategies or may experience difficulties in managing its growth and expanding operations; the risk that Tevogen may not be able to develop and maintain effective internal controls; the failure to achieve Tevogen's commercialization and development plans and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of Tevogen to grow and manage growth economically and hire and retain key employees; the risk that Tevogen may fail to keep pace with rapid technological developments to provide new and innovative products and services or make substantial investments in unsuccessful new products and services; risks related to the ability to develop, license or acquire new therapeutics; the risk of regulatory lawsuits or proceedings relating to Tevogen's business; uncertainties inherent in the execution, cost, and completion of preclinical studies and clinical trials; risks related to regulatory review, approval and commercial development; risks associated with intellectual property protection; Tevogen's limited operating history; and those factors discussed or incorporated by reference in Tevogen's Annual Report on Form 10-K. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Tevogen undertakes no obligation to update any forward-looking statements, except as required by applicable law. Contacts Tevogen Bio Communications T: 1 877 TEVOGEN, Ext 701 [email protected] Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
6 days ago
- Business
- Yahoo
Pave and Google Cloud Partner to Deliver AI-Powered Compensation Intelligence
The Pave platform is now accessible to customers through the Google Cloud Marketplace SAN FRANCISCO, July 17, 2025 /PRNewswire/ -- Pave (Trove Information Technologies, Inc. dba Pave) announced today the availability of its AI-powered compensation intelligence platform on Google Cloud Marketplace. This expanded collaboration builds on Pave's existing relationship with Google Cloud, where the company already runs 100% of its workloads on Google Cloud infrastructure, and now enables Google Cloud customers to easily discover, purchase, and deploy Pave's comprehensive compensation management solution with streamlined procurement. This milestone represents a deepening of the collaboration between the two technology companies, with several organizations already leveraging both platforms to transform their compensation strategies, including Atlassian, Block, and Databricks. Google Cloud Marketplace helps customers easily discover, purchase, and deploy partner solutions that run on Google Cloud. For companies already building with Google Cloud and Pave, this collaboration delivers significant benefits, including simplified procurement via existing Google Cloud agreements, consolidated billing, and the ability to apply Google Cloud spending commitments toward Pave subscriptions. "Bringing Pave to Google Cloud Marketplace will help customers quickly deploy and manage the company's AI-powered compensation intelligence platform on Google Cloud's trusted, global infrastructure," said Dai Vu, Managing Director, Marketplace & ISV GTM Programs at Google Cloud. "Pave can now securely scale and support customers running their compensation programs on its platform." Pave's end-to-end compensation management platform offers real-time base salary and equity award benchmarks plus powerful workflow software infused with AI insights, enabling companies to take full control of their compensation programs. The platform helps organizations develop competitive pay strategies, streamline compensation planning, and communicate total rewards effectively to employees. Organizations running their compensation programs on Pave include enterprise customers across the technology, life sciences, financial services, retail, and manufacturing sectors, with the platform currently managing over $190 billion in total compensation spend and providing benchmarking data from more than 8,000 companies. This announcement comes just as Pave has launched Pave Data Lab, a new insights community where compensation professionals can access daily AI-powered insights and collaborative research to drive more informed pay decisions. AI-Powered Collaboration Pave is investing heavily in artificial intelligence to transform how organizations operate. Pave's machine learning models run in Google Cloud's Vertex AI platform, and the company utilizes Google's Gemini models to help enable search capabilities for its Market Data product. Looking ahead, Pave is committed to advancing AI-driven compensation intelligence. The collaboration is exploring new innovations that will help organizations maximize their people investments through advanced analytics, predictive modeling, and intelligent automation that deliver actionable insights for compensation teams. "Google Cloud Marketplace expands our reach at a time when every company needs intelligent compensation solutions," said Matthew Schulman, CEO at Pave. "We've built our platform on Google's most advanced AI products because we believe in partnering with the best. Together, with Google Cloud, we're going to redefine what's possible in compensation intelligence for thousands of joint customers worldwide." For more information about Pave on Google Cloud Marketplace, visit Media Contact: Alex Cwirko-GodyckiVice President, Marketing & Strategypress@ About Pave Pave is a compensation management platform for the modern enterprise. Our powerful suite of real-time compensation data and workflow software—infused with AI insights—empowers teams to take control of their company's investment in people, make pay decisions with confidence, and earn trust from leaders and employees alike. Companies running their compensation programs on Pave include Alphabet, Databricks, Crowdstrike, Snowflake, Roblox, Stripe, and thousands more. To learn more, visit ( View original content to download multimedia: SOURCE Trove Information Technologies, Inc. dba Pave. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
