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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.
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
OpenAI's coding assistant Codex now has over 4 million weekly developers, adding 1 million users in just two weeks. The company is now focusing on making Codex an enterprise-grade engineering platform. Enterprises are increasingly using Codex for various tasks. OpenAI is partnering with systems inte
A massive $300 million cryptocurrency heist, the year's largest, has been attributed to North Korea's notorious Lazarus Group. This sophisticated cyberattack targeted KelpDAO, exploiting vulnerabilities in LayerZero's servers. The stolen funds likely fuel the rogue state's illicit nuclear weapons pr
SUSE plans to increase investments in India, recognizing it as a significant growth market for open-source technologies. The company aims to deepen partnerships with Indian firms and expand its presence, aligning with the country's strong affinity for open source. This strategic move supports SUSE's
The HCLTech management attributed the subdued quarterly performance to macro-uncertainties clouding the tech investment landscape and said AI-led automation could impact FY27 revenues by 2-4% though the company is seeking to offset it through more projects.
USCIS director Joseph B Edlow this weekend said the agency will reopen old cases to vet Biden-era green cards for fraud. This comes amid tighter scrutiny of issuance of green cards and a rise in denial rates.
India is boosting its defence capabilities with a new Rs 300 crore Centre of Excellence for artificial intelligence. Homegrown labs like Sarvam are in talks with the defence ministry. This initiative aims to develop AI systems tailored for India's unique operational needs. The goal is to reduce reli
Infosys board members are set to discuss leadership changes. Current CEO Salil Parekh's term concludes soon. A two-year extension is anticipated to manage succession planning. This transition is crucial for maintaining stability amid industry disruptions. Investors are closely monitoring the situati
Revenue increased 25.1% year-on-year and 7.4% quarter-on-quarter to Rs 4,055.9 crore, supported by a 24.3% year-on-year growth in the banking, financial services and insurance (BFSI) segment, and 11.2% year-on-year growth in the software, hi-tech and emerging industries verticals. The company’s heal
SpaceX is exploring a significant move into AI developer tools by securing an option to acquire code-generation startup Cursor for $60 billion or partner for $10 billion. This push aims to bolster xAI's position in the AI coding market and provide Cursor with enhanced computing power for AI model de
Vodafone is partnering with Google Cloud to bring advanced cybersecurity and AI to small businesses. It will launch in Germany, in compliance with the region's stringent data protection standards, before rolling out across additional European markets later this year, it said.
A London tribunal has allowed a mass lawsuit against Microsoft. Thousands of British businesses claim they were overcharged for Windows Server software. This software was used on cloud services from Amazon, Google, and Alibaba. The case, valued at up to $2.8 billion, will now proceed to trial.
Meta Platforms is constructing a massive $1 billion data centre in Tulsa, Oklahoma, to boost its AI infrastructure. This investment will create over 1,000 construction jobs and 100 operational roles, marking Meta's first facility in the state. The project underscores the company's aggressive push in
After steering Groww to a blockbuster IPO in under a decade, Keshre was named Entrepreneur of the Year at The Economic Times Awards for Corporate Excellence 2025, having outpaced legacy bank-backed brokerages and established fintech incumbents.
Europe's second-largest maker of chipmaking tools forecast second-quarter revenue at around 980 million euros ($1.15 billion), against LSEG data estimates of 883.9 million euros. First-quarter revenue reached 862.5 million euros versus the 828.5 million euros analysts expected.
Intel investors are watching supply chain challenges affecting chip production for AI services. The company anticipates a revenue and earnings drop in the first quarter. However, its data center and AI segment is projected for growth. Intel is also expanding AI CPU partnerships and joining a major A
A prime accused in the alleged sexual harassment case at TCS's Nashik unit on Tuesday filed a bail application claiming that the complaint stemmed from the victim's frustration over her "one-sided feelings" for him, or due to parental pressure.
Meta is installing new tracking software on US-based employees' computers to capture mouse movements, clicks and keystrokes for use in training its artificial-intelligence models, part of a broad initiative to build AI agents that can perform work tasks autonomously, the company told staffers