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502 articles found
China's automotive industry is aggressively expanding overseas due to a saturated domestic market and a fierce price war. With a significant increase in car exports, companies like Xpeng are targeting global growth, aiming for over 50% of their revenue to come from outside China within a decade, inc
Starbucks is cutting jobs in its technology division. This move is part of a larger restructuring plan. Some Seattle tech roles will move to Nashville. The company is making these changes under new leadership to improve operations and sales. Further workforce adjustments are anticipated.
Srikanth Velamakanni takes the helm at Nasscom as the new Chairperson, succeeding Sindhu Gangadharan. With a robust background in AI and analytics, he aims to drive a rapid transformation in service sectors through artificial intelligence.
Sony's AI robot, Ace, has achieved a significant milestone by competing against and sometimes defeating top-level human ping-pong players. This advanced robot utilizes high-speed perception and AI-based control, demonstrating expert-level performance in a physically demanding sport. Ace's success co
Amazon India announced an investment of Rs 2,800 crore to bolster its infrastructure and operations, aiming to enhance delivery speeds across the country. This investment will double the footprint of its quick commerce vertical, Amazon Now, and expand its pan-India ecommerce network, including wareh
Investor frenzy is propelling AI firm Anthropic's valuation towards a staggering $1 trillion in secondary markets, surpassing rival OpenAI. Despite OpenAI's higher primary valuation, Anthropic's shares are in high demand, fueled by rapid revenue growth and a perceived competitive edge. This surge, h
South Korea defended its investigation into US-listed e-commerce giant Coupang against criticism from American lawmakers. Seoul stated the probe adheres to domestic laws and due process, denying any discrimination against US firms. This comes amid reports of US pressure to halt security talks unless
Tesla will use Intel's advanced 14A chip manufacturing technology for its Terafab project. This partnership is a significant win for Intel as it seeks new clients for its chipmaking capabilities. The move is expected to boost confidence in Intel's next-generation processes. This collaboration will f
Consumer Federation of America has sued Meta, accusing the social media giant of profiting from scam ads and misleading users about safety efforts. Internal documents suggest Meta earns billions from such ads, despite claims of combating fraud. Meta denies the allegations, stating they will contest
South Korea assured US tech firms, including Coupang, of no discriminatory measures following a letter from American lawmakers. The government stated that ongoing probes into Coupang's data breach are conducted under domestic law, irrespective of the company's nationality. These assurances were part
SoftBank is reportedly seeking a massive $10 billion loan, leveraging its stake in ChatGPT's creator, OpenAI. This move signals the Japanese tech giant's intensified commitment to artificial intelligence, following a period of significant financial volatility. The loan, potentially extendable, follo
STCH is revolutionizing fabric development with AI. The company helps fashion brands design and source materials efficiently. This platform aims to reduce trial-and-error in fabric creation. STCH is building a 'fabric GPT' for faster R&D. They are also focusing on sustainable textile alternatives.
Gaming startup LightFury Games has secured $11 million in funding, including investments from Indian cricketers like MS Dhoni, Jasprit Bumrah, and Hardik Pandya. The company aims to build a global AAA cricket gaming franchise, with its mobile-first title, eCricket, slated for a 2026 launch.
India's IT sector is experiencing a surge in replacement hiring. Gen Z professionals are leaving jobs at a faster rate, prompting companies to revise their strategies. This shift impacts hiring, onboarding, training, and retention efforts. Companies are adapting by increasing contractual roles and f
A surge in sports participation is fueling a boom in platforms for everyday athletes. Startups are making it easier to book courts and find teams for sports like tennis and pickleball. Investor interest is strong, with significant capital flowing into the sector. This trend is transforming sports in
Fourth-quarter revenue for the Mahindra Group's IT services arm came in at ₹15,076 crore, up by 4.7% sequentially and 12.6% year-on-year, driven by large deal wins and growth across core verticals, including communications, BFSI (banking, financial services and insurance), technology, media and ente
The third largest service provider outperformed its peers, Tata Consultancy Services and Wipro on the count of revenue and profit in its fourth quarter results for FY26 but missed street estimates and slashed its revenue guidance for FY27, triggering a selloff of its shares that fell over 10% on Wed
Microsoft is injecting $17.9 billion into Australia by 2029, significantly boosting AI and cloud computing. This major investment aims to expand supercomputing, enhance cybersecurity, and foster AI skills, positioning Australia as a key player in the global AI build-out and securing Microsoft's clou