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German chemical giant BASF is setting up a major global services hub in Hyderabad. This new facility will create approximately 3,000 jobs. It will handle global finance and human resources functions. The hub is expected to be operational by the fourth quarter of 2026.
Premji Invest is reportedly in talks for a significant investment in coding platform Emergent's $250 million funding round, which could value the company at $1.5 billion. This potential investment follows a $70 million raise just three months prior.
Freshworks announced significant job cuts, reducing its workforce by 11% or approximately 500 employees. This move comes as the business software company navigates industry-wide disruptions driven by rapid advancements in artificial intelligence. The company cited AI's role in product development an
Apple is stepping up to the plate with a $250 million settlement after facing accusations of misleading customers about Siri's artificial intelligence functionalities. The lawsuit posited that millions of iPhone owners were unaware of the limitations of the advertised features.
AI startup Anthropic will spend a massive $200 billion with Google Cloud over five years. This deal significantly boosts Google's revenue backlog. Anthropic also secured computing capacity from Broadcom and Amazon. Google is heavily investing in Anthropic, deepening their partnership in the AI race.
OpenAI President Greg Brockman told a California jury Tuesday that Elon Musk physically threatened him during a 2017 confrontation, testifying that the billionaire stormed out after he was refused absolute control of the artificial intelligence company. Brockman also testified that when Musk announc
A top Google scientist has warned European Union regulators. The EU proposal to share search engine data with rivals like OpenAI could expose private user information. Google's expert will meet EU officials to voice concerns. The company fears modern AI tools could re-identify users from anonymized
Ireland's media regulator on Tuesday said it has opened a probe into Meta over its recommender system that promotes content on its social media platforms Facebook and Instagram. The investigation will assess if Facebook and Instagram feeds have been "selected and ranked for the user by a system that
Meta is developing a personalised AI assistant for its users. This advanced digital assistant will use its new Muse Spark AI model. The company is also working on an internal AI agent called Hatch. Meta plans to integrate a shopping tool into Instagram. This launch is targeted before the fourth quar
A man has pleaded not guilty to serious charges including attempted murder. He is accused of throwing a Molotov cocktail at the San Francisco home of OpenAI CEO Sam Altman. Authorities allege he also threatened to burn down OpenAI headquarters. His lawyer claims he was experiencing a mental health c
Samsung Electronics has achieved a $1 trillion market valuation, driven by soaring demand for AI chips. The memory giant's stock has quadrupled, making it the second Asian firm after TSMC to reach this milestone. This surge highlights memory's structural role in AI infrastructure and fuels a broader
Advanced Micro Devices anticipates strong second-quarter revenue driven by high demand for its AI chips. The company's data center segment shows significant growth. However, competition is increasing from Intel, and a global memory chip shortage could affect consumer electronics sales. AMD's stock h
Super Micro Computer has projected strong fourth-quarter results, exceeding Wall Street expectations. This positive outlook is fueled by high demand for its artificial intelligence servers. The company's projections are expected to reassure investors. Super Micro's ability to rapidly deliver customi
Bengaluru-based BigEndian Semiconductors has secured $6 million in funding to commercialise its first Vision AI system-on-chip. The startup, targeting CCTV, surveillance, and broader edge AI applications, aims to tap into India's growing demand for indigenous semiconductor solutions.
Match Group's first-quarter revenue surpassed expectations. This growth was fueled by strong performance from dating app Hinge and early success in Tinder's AI-driven turnaround. The company is embracing AI to enhance user experience and operational efficiency. Match is also slowing hiring as it inv
