IT major Infosys‘ largest-ever share buyback programme worth Rs 18,000 crore is set to open for subscription on Thursday, and will close on November 26, according to a regulatory filing, PTI reported.The company plans to buy back 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 … 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
In a stock exchange filing, Cartrade has informed about the above. According to media reports, the proposed deal could value CarDekho’s automotive classifieds business at around $1.2 billion This is significant vis-a-vis Cartrade’s own size; its mcap currently is around 1.7 bn $. If the deal goes through, it would add significant debt on 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
Nvidia CEO Jensen Huang on Saturday said the chipmaker is experiencing “very strong demand” for its newest, state-of-the-art Blackwell chips, which are designed to power the current Artificial Intelligence boom. Huang also noted that this increasing demand for Blackwell chips is translating into a growing appetite for wafers from Taiwan Semiconductor Manufacturing Co. (TSMC), Nvidia’s … Read more
He may be a major tech company CEO, but Matt Garman, chief of Amazon Web Services (AWS) has rather opposite advise for future jobseekers, including his children, when it comes to developing skills in the age of artificial intelligence (AI). Not coding or IT, or even medicine, speaking to CNBC, Garman said he strongly believes … Read more
Amazon.com Inc.’s cloud unit has signed a $38 billion deal to supply a slice of OpenAI’s bottomless demand for computing power. Amazon shares jumped. The ChatGPT maker will pay Amazon Web Services for access to hundreds of thousands of Nvidia Corp. graphics processing units as part of a seven-year deal, the companies announced on Monday. … Read more
Tata Consultancy Services (TCS) has drawn up a $6.5 billion capital expenditure plan that goes beyond simply setting aside risk capital, Times of India reported. The move marks a deeper push to build long-term digital capabilities and potentially guard against what experts call “tech colonisation”. As India’s digital infrastructure demand surges, companies are turning to … Read more