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
As the earnings season in the US progresses, tech’s internet giants have made it clear to the Wall Street the Artificial Intelligence (AI) investments will be the next big things. Microsoft, Meta, Alphabet and Amazon will now collectively spend $380 billion this year, the tech giants said as they got through the earnings. The companies … Read more
Promoters of Hyderabad-based ValueLabs, a technology services and AI solutions firm, are looking to sell the entire business at a valuation of $1 billion (about ₹8,880 crore).The Donakanti family, which owns the company, has engaged Goldman Sachs to identify potential buyers, said multiple people familiar with the matter. Several global private equity buyout funds have … Read more
Nvidia on Thursday said that it will invest $5 billion in Intel and partner with the struggling chipmaker to build artificial intelligence infrastructure and personal computer products, in what the companies called a “historic collaboration.”As part of the agreement, Nvidia will buy Intel common stock at $23.28 a share, subject to regulatory approvals, AP reported. … Read more
In a surprise announcement, company has announced exit from it’s main business – the airport lounge access. That’s the business the Company was built upon, was known for and had got most of it’s fan following. (check my Company notes for details) There were speculations that this would eventually happen as the largest airport operator … Read more
The parent company of Facebook and Instagram, Meta Platforms Inc posted blockbuster fourth-quarter results but cautioned that its capital expenditures will increase in 2025, as per reports. The capital expenditure is expected to rise due to its investment in generative AI technology. Financial results Meta’s net income rose 21% in the fourth quarter to $20.8 … Read more
Social media users are claiming that the glory days of ChatGPT are soon going to be over looking at the fact that its new competition in the market, DeepSeek R1, is already blowing everyone’s minds. Such is the craze over DeepSeek, it has resulted in a major disturbance around tech stocks in the US stock … Read more