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Value commerce platform Meesho is contesting a Rs 14.29 crore tax demand. The Goods and Services Tax Appellate Tribunal issued the demand for alleged failure to collect tax at source on certain seller transactions. These transactions occurred between October 2018 and March 2020. Meesho states the de
Amidst the growing competition in artificial intelligence, Chinese tech behemoths are racing to secure Huawei's Ascend 950 AI chips. The urgency follows the debut of DeepSeek's V4 AI model, designed to optimize Huawei's cutting-edge hardware. Giants like ByteDance, Tencent, and Alibaba are urgently
Cognizant Technology is set to acquire Astreya for approximately $600 million. The deal, expected to conclude in the second quarter of 2026, will bolster the company's offerings as businesses increasingly invest in AI technologies.
South Korean tech giant LG Electronics is in talks with Nvidia. The companies are exploring collaboration in key areas like robotics, AI data centres, and mobility solutions. This comes after a visit by Nvidia's senior director for physical AI platforms. The discussions signal potential advancements
The European Union has accused Meta of not effectively preventing users under 13 from accessing Facebook and Instagram, which could lead to substantial penalties for the tech behemoth. With a growing commitment to safeguarding children online, the EU is ramping up its initiatives. Meta, however, con
OpenAI's Codex model is now available on Amazon Bedrock, a generative AI service from AWS. This integration allows businesses to leverage powerful AI tools directly within their existing AWS infrastructure, simplifying development and accelerating innovation. Customers can now use OpenAI models, inc
Beijing's order for Meta to unwind its $2 billion takeover of AI startup Manus signals a new era of regulatory scrutiny for China's tech industry. The move highlights Beijing's determination to prevent sensitive technology transfer to geopolitical rivals, forcing entrepreneurs and investors to re-ev
Paytm has successfully separated its core operations from Paytm Payments Bank following the RBI's license cancellation. The company's payments and financial services businesses now operate independently, with no exposure or material business arrangements with the banking entity.
China has pressed the brakes on new permits for self-driving vehicles, marking a pivotal shift in the landscape of autonomous transportation. This decision follows Baidu's unprecedented suspension of its robotaxi fleet in Wuhan last month, which is currently the subject of an ongoing investigation.
Bengaluru's Sahi, a stock trading platform, has raised $33 million, valuing it at $200 million. The funds will fuel expansion into margin trade funding, commodities, and mutual funds. Founded in 2023, Sahi aims to disrupt the broking space, already boasting 400,000 demat accounts and processing 3% o
Quick commerce firms are facing a shortage of delivery partners due to intense heatwaves. Companies are offering extra pay to keep riders working during peak heat hours. Demand for summer essentials like ice cream and fans is surging. Brands are increasing production and cold storage to meet this de
Sports-tech firm SportVot has secured Rs 32.7 crore in a new funding round. The investment will fuel international expansion and enhance AI-led production and distribution. SportVot aims to make professional broadcasting accessible for all sports. The platform already streams over 500,000 matches gl
Delhi-based House of Chikankari has secured Rs 25 crore in Series A funding from Cap Alpha Ventures. The D2C fashion startup, specializing in traditional Lucknowi embroidery, plans to use the capital to expand its offline presence and product range. This follows a strategic delay in fundraising to s
India is actively pursuing access to Anthropic's powerful Mythos AI model. Discussions with the US administration aim to ensure equitable access for Indian companies. The government is prioritizing the protection of critical infrastructure like power grids and banking systems. This move is crucial a
Google has started work on a massive $15 billion AI data centre hub in Visakhapatnam. This project, a significant foreign investment, will boost India's digital infrastructure. It includes substantial data centre capacity, subsea cables, and clean energy. The initiative aims to create jobs and stren
In a disturbing twist to a double homicide investigation, prosecutors disclosed that the suspect sought advice from ChatGPT on disposing of bodies and weaponry. This revelation prompts critical discussions about the implications of AI technology in aiding criminal behavior. Authorities are now scrut
European Union nations and Parliament members could not agree on updated artificial intelligence rules. Talks stalled after 12 hours. Negotiations will restart next month. Some countries wanted exemptions for industries already under regulation. This failure could benefit Big Tech. European companie
In a high-stakes courtroom drama, Elon Musk has launched a lawsuit against OpenAI and its executives, alleging that they've strayed from the altruistic vision that inspired the company's creation. Musk maintains that he established OpenAI as a nonprofit venture aimed at uplifting humanity.