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Iran has highlighted the vulnerability of submarine cables in the Strait of Hormuz. These vital undersea links carry 99% of global internet traffic and are essential for the digital economies of Gulf nations. Accidental damage from shipping and potential sabotage pose significant risks. Repairing th
OpenAI's recent performance has caused a stir. The company reportedly missed targets for new users and revenue. This has led to worries about its future growth and ability to fund upcoming computing deals. Consequently, shares of Oracle and CoreWeave have seen a significant drop in premarket trading
Goldman Sachs analysts highlight concerns about artificial intelligence impacting long-term U.S. corporate growth. Stock valuations now heavily depend on profits projected over a decade away. This reliance is at a 25-year high, mirroring the dotcom boom era. Investor worries about AI disruption are
Norway's massive sovereign wealth fund CEO, Nicolai Tangen, is urging global companies to embrace artificial intelligence for societal progress. He believes AI should be used to enhance productivity and benefit everyone, not solely for reducing workforce. Tangen warns that widespread layoffs due to
Financial regulators are falling behind banks in adopting artificial intelligence. This gap means they lack crucial data on new AI risks. Powerful AI models like Anthropic's Mythos pose significant challenges. Authorities need to adopt AI themselves to effectively oversee these advanced systems. Thi
Spotify's second-quarter outlook falls short of expectations. The Swedish streaming giant anticipates slower growth in Europe and North America. This forecast has led to a dip in its stock value. The company is investing in AI features and marketing. Spotify expects operating income below analyst es
Cars24 cofounder Gajendra Jangid is taking a break from his CMO role. This follows other top-level changes at the company. Cars24 is now aiming for an initial public offering within the next six to twelve months. The company reported strong financial performance in its latest update. This move signa
TSMC anticipates substantial growth in its 2-nanometer chip production from 2026 to 2028. The company is also preparing its new A13 process for volume production in 2029. This advanced technology aims to meet the increasing demand for artificial intelligence and high-performance computing. TSMC cont
Kissht founders Ranvir Singh and Krishnan Vishwanathan invested Rs 40 crore in the digital lending startup at a premium to its IPO price. This move signals strong commitment ahead of the company's planned Rs 926 crore IPO on April 30, aiming for a valuation of Rs 3,062 crore.
Blinkit, India's largest quick commerce platform, expects growth to slow as its base expands. The company reported improved profitability for the second consecutive quarter. Founder Albinder Singh Dhindsa highlighted substantial growth potential in new geographies and product categories. However, he
A high-stakes legal battle begins today as Elon Musk sues Sam Altman's OpenAI, alleging the AI giant abandoned its non-profit mission for profit. Musk claims broken promises regarding open-source development and public good, seeking billions in damages. OpenAI denies the allegations, stating partner
Food and grocery delivery firm Eternal has surpassed $10 billion in annual net order value from its B2C operations, a milestone achieved after 18 years. The company anticipates this figure to double to $20 billion within the next two years.
Germany's military will not award contracts to US firm Palantir at this time. A senior officer stated that granting industry staff access to national databases is currently inconceivable. This comes as Palantir's AI system is set for long-term use by the Pentagon.
Google Cloud India AI Hub is coming to Visakhapatnam. Jeet Adani stressed AI needs electricity and infrastructure. Adani Group commits $100 billion to India's AI goals. This investment covers energy, networks, and data centres. Visakhapatnam is becoming a new digital gateway. Affordable energy is ke
Google has inked a deal with the U.S. Department of Defense, allowing the Pentagon to utilise its AI models for classified government work. This agreement, alongside similar ones with OpenAI and xAI, permits 'any lawful government purpose.' While Google's contract includes safeguards against domesti
Snabbit, an instant house help startup, has secured $56 million in a new funding round. This investment, led by Susquehanna Venture Capital and Mirae Asset Venture Investments, will fuel expansion into new markets and categories. The company focuses on on-demand home services and is piloting home co
Meta is reportedly reversing its acquisition of AI startup Manus. China has banned the deal, citing national security. The AI agent was founded in China but is now based in Singapore. Meta stated the transaction complied with law. Analysts had warned of regulatory issues amid US-China tech rivalry.
Andhra Pradesh chief minister N Chandrababu Naidu has inaugurated the foundation for a $15 billion Google Artificial Intelligence data centre near Visakhapatnam. This 1 GW facility, set to be one of India's largest AI data centres, will significantly boost the state's digital infrastructure and data