SoftBank Group Corp’s market value halved from its peak in June, as higher borrowing costs fuel investor concerns over the sustainability of its massive investments in artificial intelligence. Shares of the Tokyo-based company fell 6.9% on Thursday, taking their drop from an all-time high struck on June 2 to 50%, with earnings from US megacaps … Read more
Eternal, the parent entity of Zomato and Blinkit, plans to launch dark.ai, a privacy-focused artificial intelligence (AI) assistant, by the end of 2026. Founder Deepinder Goyal said “Dark is built for power users — founders, researchers, scientists, enterprises and governments — who want to keep their thoughts private, because privacy is essential for competitiveness. On … 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
Beijing accused US artificial intelligence firms Monday of using Chinese examples to train their models, days after Washington threatened sanctions on Chinese firms for allegedly stealing American technology.”It is understood that many American artificial intelligence enterprises have distilled Chinese models during their research, development and training processes,” the Chinese commerce ministry said in a … Read more
HCLTech, country’s third largest IT services company, on Friday announced its plans to set up its first AI Data Center in the upcoming Odisha Sovereign AI Park in partnership with Sarvam and the Government of Odisha. “The planned capital outlay for the project will be Rs 14,257 crores, including financial assistance from the Government of … Read more