In one of the largest global tech investment flows into India, American tech giant Amazon on Wednesday committed a mega $35 billion for its operations here, over and above the $40 billion that it has already put into the country.The ecommerce, cloud and media giant said that the investments will be made by 2030 as … Read more
Chip-making giant Nvidia Corp. has invested $2 billion in the stock of chip-design software company Synopsys Inc. as part of a wider engineering and design partnership, marking the latest substantial investment by the company in one of its suppliers. Nvidia purchased the shares at $414.79 each, the company stated in a press release on Monday. … Read more
Digital Connexion, a Reliance, Brookfield and real estate investment firm Digital Realty JV, will invest Rs 98,000 cr by 2030 to build 1 Gigawatt AI-native data centers in Visakhapatnam, Andhra Pradesh. The investment will span 400 acres. The project aims to support seamless AI workloads for hyperscalers and enterprises. The company already has a campus … Read more
The target startups must be a part of Accel’s Atoms accelerator programme – an early-stage support initiative for Indian and Indian-origin founders. Accel started the Atoms programme back in 2021 and has so far invested in nine AI companies through the accelerator. These are: Anko, BPR Hub, dubdub.ai, FinSynth, HighRev.ai, Ripik.ai, Rocket (formerly known as … Read more
Oracle Corp., the once stodgy database giant that’s borrowed tens of billions and tethered its fortunes to the artificial intelligence boom, is quickly emerging as the credit market’s barometer for AI risk. Traders have piled into the company’s credit-default swaps in recent months as Oracle’s massive AI-related spending spree, its central role in a web … Read more
Anthropic is now valued at around $350 billion, up from its $183 billion valuation as of September, after Microsoft and Nvidia jointly invested $15 billion in the AI startup, CNBC reported. Microsoft announced this strategic partnership with Nvidia and Anthropic on Tuesday, signalling a fresh push to diversify its AI needs and reduce its reliance … Read more
Digital payments giant PhonePe announced on Thursday, 13 November, a strategic collaboration with OpenAI to integrate the popular generative Artificial Intelligence (AI) model ChatGPT into its ecosystem. With this move, AI-powered assistance will become widely accessible to millions of Indian users across the payments platform’s ecosystem, including the PhonePe app, PhonePe for Business, and the … Read more
Microsoft’s AI chief Mustafa Suleyman is drawing a line in the sand as tech giants race to build superintelligent systems, declaring that raw capability must take a backseat to human control. “We can’t build superintelligence just for superintelligence’s sake,” Suleyman said, days after unveiling Microsoft’s new MAI Superintelligence Team. “It’s got to be for humanity’s … Read more
Japan’s SoftBank Group Corp has sold its stake in US chipmaker Nvidia for $5.8 billion, signalling a strategic pivot toward artificial intelligence investments, particularly in OpenAI, the company said on Tuesday, AP reported. The tech conglomerate also reported that its profit nearly tripled in the first half of the current fiscal year, driven by strong … Read more