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Elon Musk and OpenAI boss Sam Altman faced off in a California federal court Tuesday in a blockbuster trial that could have far-reaching consequences for the AI industry and oblige the ChatGPT maker to profoundly revamp its business. - 'Scam Altman' - Moments ahead of the opening statements, Musk an
A high-stakes trial has begun over OpenAI's future. Elon Musk is suing the AI company, alleging it abandoned its mission to benefit humanity. He claims OpenAI, led by Sam Altman and Greg Brockman, became a profit-driven business. OpenAI's lawyers argue Musk wanted control and sued after his plans fa
The Supreme Court seems likely to shut down a lawsuit by Falun Gong over Cisco's aid to China
India's digital investment boom is fueling a surge in cybercrime, with financial fraud leading the charge. Criminals are increasingly using GenAI to create convincing scams, making it crucial for investors to exercise skepticism. Legitimate platforms never guarantee returns or send third-party agent
Eternal, which runs Zomato and Blinkit, saw its March quarter revenue surge threefold and net profit rise 4.5 times. Quick commerce margins improved significantly. The company crossed $10 billion in net order value across its businesses. This figure is expected to double in two years. Blinkit's grow
OpenAI is now available on Amazon's cloud. This move follows a contract change with Microsoft. OpenAI's AI models and coding agent can be accessed on Amazon Web Services. Customers can now build AI agents using OpenAI's frontier models directly on AWS. This partnership aims to boost OpenAI's computi
The European Union is expanding its Digital Markets Act to cover cloud and artificial intelligence services. This move aims to ensure fairer competition in these growing digital sectors. Regulators are examining if major companies like Amazon and Microsoft should be designated as gatekeepers for the
A high-stakes trial between AI pioneer Elon Musk and OpenAI, co-founded by Musk, has commenced. Musk alleges the company, now a for-profit entity, has strayed from its original mission. The proceedings will first determine liability, with a jury's verdict being advisory, before potentially moving to
Amazon is pushing the boundaries of recruitment with their latest AI interview software, designed to conduct sessions automatically and speedily for seasonal positions. This revolutionary approach is paired with the launch of 'humorphism', a design concept that prioritizes a human touch in artificia
Experts at the event highlighted how the proposed Rule 3(4) in the draft IT Rules allows the executive to bypass parliament and the judiciary to issue binding advisories, guidelines and SOPs. The post Can MeitY issue binding rules via advisories? Experts raise alarm over draft IT Rules #NAMA appeare
With the availability of its Amazon Now feature in 100 cities, Amazon is trying to strengthen its quick-commerce presence by aiming to reach over 1000 micro-fulfilment centres and developing dark-store-like nodes in them. The post Amazon scales its quick delivery service ‘Amazon Now’ in 100 cities a
Go Digit General Insurance reported a 6.2% increase in gross written premium to Rs 2,736 crore for the March quarter, driven by robust motor insurance sales and cost control. Net profit rose 28% year-on-year to Rs 149 crore. The company closed FY26 with Rs 11,294 crore in gross written premium.
SpaceX's board has approved a compensation plan for Elon Musk. This plan includes rewards for colonising Mars and establishing data centres in space. These ambitious goals are linked to super-voting shares. The company aims for a $7.5 trillion market value. This compensation structure highlights the
Fintech startup Credilio Financial Technologies has secured Rs 78 crore in funding led by Cornerstone Ventures, alongside Rs 23 crore in venture debt. The company aims to expand its customer base from one lakh to 50 lakh within three years, targeting underserved segments in tier II and smaller towns
China has blocked Meta's acquisition of AI startup Manus. This move signals increased risk for global investors in advanced tech firms linked to China. Beijing is safeguarding strategic assets. The decision discourages stake or asset transfers by Chinese firms to foreign entities without approval. T
Infosys management remained non-committal on salary revision timelines during a recent town hall, citing macroeconomic conditions and client spending. Employees expressed disappointment as the company has not yet decided on wage hikes, with a four-month delay in communication already observed. This
Indian firms Magellanic Cloud and Rayonix Tech are partnering to build drones in India. This joint venture, valued at Rs 100 crore, will collaborate with Israel's Xtend. The initiative aims to meet India's increasing demand for advanced unmanned aerial vehicles. Drone sets are expected to be ready w
A significant trial starts today in Oakland, California. Billionaires Elon Musk and Sam Altman are at odds over OpenAI's evolution. Musk claims OpenAI betrayed its mission, becoming a 'wealth machine'. He seeks $150 billion in damages and wants OpenAI to revert to a nonprofit. Key figures like Musk,
India's next generation of major startups needs deep technology and advanced manufacturing. This shift is crucial for the nation's self-reliance. Infosys co-founder Kris Gopalakrishnan calls this 'Unicorn 2.0'. Founders should focus on proprietary technology for long-term success. This approach will
Industry body IAMAI claims Trai is overstepping its bounds. Proposed rules for spam calls may unfairly target over-the-top platforms like WhatsApp. IAMAI argues these platforms are not telecommunication services. They also state that forcing data sharing is unconstitutional. This move raises signifi
