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2345 articles found
· 17 days ago· ET Tech
Opening remarks Tuesday in Elon Musk versus OpenAI trial
A courtroom showdown begins Tuesday between billionaire Elon Musk and OpenAI. Musk alleges the artificial intelligence company betrayed its non-profit mission. OpenAI counters that Musk sought absolute control. The legal battle spotlights the debate on AI's benefit to society. The judge will decide
· 17 days ago· ET Tech
Cadence lifts annual revenue forecast on sustained AI chip-design boom
Cadence Design Systems anticipates strong revenue growth. The company expects higher earnings for fiscal 2026. This optimism stems from increased investment in specialized artificial intelligence processors. Demand for Cadence's chip design tools is surging. This is driven by complex system-on-chip
· 17 days ago· ET Tech
Eutelsat CEO says US demand holds despite SpaceX push to curb European rivals
Despite SpaceX's call to restrict European rivals, Eutelsat's CEO states demand for alternative satellite services from US businesses and the Pentagon remains strong. Eutelsat, a key European competitor, sees continued appetite for its services, citing the need for reliability and redundancy among U
· 17 days ago· ET Tech
OpenAI falls short of revenue and user targets as it races toward IPO: Report
OpenAI is facing financial concerns. The company missed user and revenue targets recently. This has led to worries about funding its large data center expenses. The Chief Financial Officer has voiced these concerns. OpenAI also lost ground to a competitor in certain markets. ChatGPT's growth slowed.
· 17 days ago· ET Tech
Snabbit raises $56 million in funding from Susquehanna, others; home cooks next on plans
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
· 17 days ago· YourStory
The fintech solving two problems at once: Payment chaos and checkout friction
Paytring is building an orchestration layer for modern payments. Founder Debal Chakraborty explains how OpenAI’s models help improve transaction success rates and simplify merchant operations.
· 17 days ago· ET Tech
Ashwini Vaishnaw arrives in Visakhapatnam for Google data centre foundation ceremony
Union Minister Ashwini Vaishnaw on Tuesday arrived in Visakhapatnam to participate in the foundation stone laying ceremony of the Google AI Data Centre at Tarluvada in Anandapuram mandal.
· 18 days ago· ET Tech
EU broadcasters say Digital Fairness Act should target Big Tech, not them
Leading European media outlets are raising alarms to EU regulators, urging that the forthcoming legislation against unfair digital practices ought to specifically address the dominance of Big Tech. They caution that the proposed Digital Fairness Act poses risks to their operations and the variety of
· 18 days ago· ET Tech
Accenture to roll out Copilot to all 743,000 employees in boost for Microsoft
Microsoft's Copilot 365 AI assistant is now available to all Accenture employees. This is the largest enterprise deal for the chatbot. Accenture reports significant productivity gains, with staff completing routine tasks much faster. This move aims to boost Microsoft's paying user base for its AI of
· 18 days ago· ET Tech
Wispr Flow launches in India; offers Hinglish and Android app support
AI-powered voice-to-text startup Wispr Flow has officially launched in India, introducing full Hinglish support and an Android app. India has already become the company's second-largest market, with user growth tripling organically in recent months. The launch includes a unique offline marketing cam
· 18 days ago· ET Tech
Sam Altman's sister loses lawyers in her sexual abuse lawsuit against OpenAI CEO
In filings in St. Louis federal court, the Mahoney Law Firm and the Simon Law Firm cited "an unfortunate general breakdown in the attorney-client relationship" between them and Annie Altman, and said continuing to represent her in the civil lawsuit was "impracticable."
· 18 days ago· ET Tech
Amazon secures exclusive rights to Oprah Winfrey's podcast
Amazon's Wondery has inked a multi-year deal with Oprah Winfrey's Harpo Entertainment. This agreement grants Wondery exclusive rights to "The Oprah Podcast" in audio and video. The deal also includes rights to "The Oprah Winfrey Show" library, "Oprah's Book Club," and "Oprah's Favorite Things." This
· 18 days ago· ET Tech
Google gets pointers from EU regulators on helping AI rivals access services
The European Commission has unveiled new guidelines for Google, aimed at ensuring that its competitors can access key services, thereby promoting fair competition in online search and AI technology. This initiative is a critical component of the implementation of the Digital Markets Act, designed to
· 18 days ago· ET Tech
Taiwan court sentences ex-Tokyo Electron staff to 10 years in TSMC trade secrets case
A former employee of Tokyo Electron received a 10-year prison sentence in Taiwan for stealing trade secrets from TSMC. The company was also fined heavily. This landmark ruling highlights Taiwan's commitment to safeguarding its crucial semiconductor industry. The court found the individual illegally
· 18 days ago· ET Tech
Former DeepMind researcher’s startup bags $1.1 billion in seed funding
Ineffable Intelligence, an innovative startup co-founded by DeepMind's visionary David Silver, has made headlines by raising an unprecedented $1.1 billion in seed funding. This marks a historic moment as it stands as the largest seed round investment in Europe to date, with leading contributions fro
· 18 days ago· ET Tech
600 Google staff urge CEO Sundar Pichai to reject classified military AI contract
More than 600 Google employees demanded Monday that the company reject a proposed Pentagon deal that would allow its artificial intelligence technology to be deployed in classified military operations, a statement said. Google already holds a contract with the US Department of Defense on non-classif
· 18 days ago· ET Tech
Microsoft shares slip after OpenAI breaks off exclusivity deal
Microsoft's stock dipped following a new deal with OpenAI. The partnership ends Microsoft's exclusive access to OpenAI's technology. Microsoft remains a primary cloud partner until 2032. OpenAI gains freedom to work with other cloud providers. This move impacts Microsoft's competitive AI advantage.