Tata Consultancy Services (TCS), India’s largest software services firm, posted a 15% rise in net profit to ₹13,884 crore in the September quarter from a year ago while revenue rose 11.2% to ₹73,188 crore, largely in line with analyst estimates. The numbers were buoyed by growth returning in a small way, especially in the largest … Read more
Delhi’s traffic signals could soon become more responsive to the traffic they are actually handling, rather than operating largely on fixed timings.The Centre has approved a Rs 1,789.52-crore Intelligent Traffic Management System (ITMS) for the capital, bringing signals, traffic enforcement, emergency vehicle movement and commuter information onto an integrated technology platform.Union minister Ashwini Vaishnaw said … Read more
Mr. Altman suggested that OpenAI and other leading AI firms may be close to unveiling a pact to slow AI development. OpenAI will not go public in 2026, Chief Executive Sam Altman said in remarks published on Saturday (September 12, 2026), citing safety concerns over artificial intelligence that render “unacceptable” even a 10% risk that … Read more
OpenAI, the leading Artificial intelligence company, on Friday announced that it will end its partnership with Cursor. This development followed SpaceX acquisition of the AI-coding agent, signaling further escalation of the bitter rivalry between OpenAI CEO Sam Altman and SpaceX founder Elon Musk. The ChatGPT maker blamed trust issues for winding down their contract and … Read more
Sam Altman says he misjudged how quickly AI would scramble the economy. In an interview with David Senra, posted on Sunday, the OpenAI CEO said he believed GPT-4’s 2023 release would quickly put more software businesses “up for grabs.” Instead, he said he’s seen customers and companies largely sticking with familiar products and routines. “I … Read more
Accel, the Silicon Valley venture capital firm that placed some of the earliest bets on Flipkart and Swiggy, is deepening its commitment to India as artificial intelligence reshapes how startups are built. The firm has raised $550 million for its ninth early stage India fund, part of a $3.5 billion haul across four new global … Read more
Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure. The move highlights how surging demand for AI computing capacity is drawing institutional investors, as governments, companies and startups race to build out data centers to … Read more
If there’s one stock investors have consistently been willing to pay top dollar for over the past several years, it’s Nvidia. But with the stock struggling since mid-May, down 17% amid fears of a decline in hyperscaler spending, Morningstar says it finds itself in an unfamiliar role: an undervalued bargain. In a July 30 report, … Read more