Topic
#et-tech
505 articles found
· 11 days ago· ET Tech
Tencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation: Report
Chinese tech giants Tencent and Alibaba are reportedly in talks to invest in AI startup DeepSeek. The company is aiming for a valuation exceeding twenty billion dollars. This potential funding highlights the significant capital needed for advanced AI development. Discussions are ongoing, and terms m
· 11 days ago· ET Tech
Merck to partner with Google Cloud on AI initiatives
Drugmaker Merck & Co is joining forces with Google Cloud. They will invest up to one billion dollars over several years. This partnership aims to boost Merck's artificial intelligence capabilities. The collaboration will focus on AI infrastructure, engineers, and Google's Gemini Enterprise platform.
· 11 days ago· ET Tech
Gaming industry could unlock $22 billion in profits on AI-driven cost cuts: Morgan Stanley
Artificial intelligence is set to revolutionize game development. Analysts predict AI tools could slash costs by almost half, unlocking billions in profits. This will allow smaller teams to create games faster and improve them after launch. Companies controlling distribution and data stand to gain t
· 11 days ago· ET Tech
Robinhood's venture fund invests $75 million in OpenAI
Robinhood Ventures Fund I has invested seventy-five million dollars in OpenAI, the company behind ChatGPT. This move aims to give retail investors access to private technology firms. OpenAI has gained significant attention for its generative AI advancements. This investment also signals a resolution
· 11 days ago· ET Tech
The IPO afterlife for unicorns: How mutual funds are doubling down on next-gen leaders
Indian mutual funds have boosted their investments in five new-age companies. Funds poured into stocks like Urban Company, Ather Energy, Lenskart, Meesho, and PhysicsWallah. This shows growing confidence from domestic investors in these tech-focused businesses. Brokerages are also initiating coverag
· 11 days ago· ET Tech
OpenAI briefs US agencies, Five Eyes on new cybersecurity product: Report
Cybersecurity is becoming a key battleground for AI labs such as OpenAI and Anthropic as their advanced AI models can both pose security risks and offer cyber defense capabilities, sparking interest from governments and enterprises.
· 11 days ago· ET Tech
ASML says firm will not be chip industry's bottleneck
Being a bottleneck "is something we will avoid by all possible means; it is essential to maintaining our current position," CEO Christophe Fouquet told investors at the company's annual general meeting in the Dutch city of Veldhoven.
· 11 days ago· ET Tech
In the AI era, Apple's strengths may become its constraints
Apple's success was built on tight control. Now, with John Ternus taking over, the company faces a challenge. The AI era thrives on openness and rapid development. Apple's traditional strengths of discipline and control could become limitations. The company must find a way to integrate AI without co
· 11 days ago· ET Tech
Tim Cook cites three reasons for stepping down as Apple CEO after 15 years
Tim Cook is stepping down as Apple CEO. John Ternus will take over on September 1. Cook described it as a planned succession. He will remain as executive chairman. Ternus highlighted artificial intelligence as a major opportunity for Apple. Cook will focus on global government and geopolitical relat
· 11 days ago· ET Tech
OpenAI rolls out ChatGPT Images 2.0 with realistic visuals, improved text rendering, and more
OpenAI has unveiled ChatGPT Images 2.0, a powerful AI image generator boasting enhanced accuracy and detail. This new version excels at rendering text, icons, and complex layouts across multiple languages, offering greater flexibility with aspect ratios. Advanced "thinking" capabilities are also int
· 11 days ago· ET Tech
Japan's financial watchdog to meet top banks to discuss Mythos AI model
Japan's financial regulator will meet with major banks on Friday. The discussion will focus on Anthropic's advanced AI model, Mythos. This AI is designed for cybersecurity. Concerns exist about its impact on traditional software security. Other Asian regulators are also addressing these risks.
· 11 days ago· ET Tech
Australian social media ban marred by weak platform checks, tech providers say
Australia's teen social media ban faces enforcement challenges due to platforms' weak application of available age-checking tools, not technological limitations. Regulators are investigating major tech companies for suspected breaches, with significant fines at stake. Industry bodies assert that pla
· 11 days ago· ET Tech
Kabeer Biswas’s concierge startup 'M' raises Rs 102 crore from Peak XV, Blume, Cred
Kabeer Biswas, Dunzo cofounder, has launched a new AI concierge startup named M. The company secured Rs 102 crore in funding from Peak XV Partners, Blume Ventures, and Cred. M aims to automate household tasks using artificial intelligence. This venture follows Biswas's exit from Flipkart.
· 11 days ago· ET Tech
Anthropic's Mythos model accessed by unauthorised users: Bloomberg
Unauthorized users reportedly gained access to Anthropic's new Mythos AI model via a private online forum on the same day the company announced plans for limited testing. Anthropic is investigating the alleged breach through a third-party vendor environment. The powerful AI, intended for defensive c
· 11 days ago· ET Tech
Gaming startup Spill Games raises $3.1 million from Centre Court Capital and PeerCapital
Bengaluru-based gaming startup Spill Games has secured $3.1 million in seed funding from Centre Court Capital and PeerCapital. The company, founded by former PlaySimple Games executives. It plans to use the investment for user acquisition and to develop a diversified portfolio of profitable titles.
· 11 days ago· ET Tech
OpenAI in talks to commit up to $1.5 billion to private equity joint venture: FT
Artificial intelligence firm OpenAI is reportedly planning to invest up to $1.5 billion in a new joint venture, internally named 'DeployCo'. This venture, with private equity firms, is expected to be valued at $10 billion.
· 11 days ago· ET Tech
After OpenAI’s TBPN deal, a16z backs MTS: Here’s why media startups are attracting investors
Venture capital firm Andreessen Horowitz (a16z) has invested in the newly launched 24/7 media streaming company Monitoring The Situation (MTS). MTS aims to provide real-time insights across tech, finance, geopolitics, and culture, drawing inspiration from CNN's continuous coverage model but leveragi