News

A Gujarat man, AC Patel, attempted to enter the US using a counterfeit Pakistani passport, leading to his deportation and arrest in India on charges of impersonation and passport misuse. This incident highlights the methods used by human traffickers to facilitate illegal immigration and the efforts of US authorities to crack down on such activities.

Pallavi Luharuka, a young entrepreneur from Kolkata, captivated the sharks on Shark Tank India with her biodegradable plastic made from agricultural waste. Despite receiving a buyout offer of Rs 10 crore, Pallavi secured a four-shark partnership with an investment of Rs 2 crore for 10% equity, showcasing her ambition and the potential of her innovation.

Nvidia and Elon Musk's xAI have joined forces with a consortium backed by Microsoft and BlackRock to accelerate the development of robust AI infrastructure in the United States, aiming to invest up to $100 billion in AI-related projects. This collaboration comes amid a global race for AI dominance, with major players like Nvidia and xAI making significant investments in building the foundation for the future of AI.

Fast-fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection for the second time in six years, citing declining mall traffic and increased online competition. The company plans to conduct liquidation sales across its US stores while undergoing a court-supervised sale and marketing process for its assets.

Meta AI, the long-awaited AI-powered virtual assistant from Meta, has finally launched across Europe, but with limited functionality due to compliance with the European Union's stringent data protection laws. Despite these restrictions, Meta remains committed to expanding its AI capabilities in the region and aims to bring parity with the US over time.