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
Narayana Health (NH) is acquiring 100% equity shares of Practice Plus Group Hospitals Limited(PP), a Company incorporated in the United Kingdom. Founded in 1997, PP is an operator of hospitals in the United Kingdom. It has 7 hospitals, 3 Surgical Centers, 2 Urgent Treatment Centers, 3 Musculoskeletal/Diagnostic Centers, 1 Ophthalmology Center with 330 bed capacity. … 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
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
The Edge has long been one of Titan’s most recognisable sub-brands. Its next chapter may offer a glimpse into the company’s broader watchmaking ambitions. Titan recently released a new iteration of its upmarket Stellar line. The Stellar 3.0 features some impressive under-the-hood work in its limited-edition models. These include an in-house wandering-hours complication — in … Read more
Warren Buffett’s Berkshire Hathaway saw its cash pile swell to a record high in the third quarter of the ongoing fiscal year as the conglomerate declared its Q3 results on Saturday, signalling that it remained cautious about the markets amid trade uncertainty and other factors. Berkshire Hathaway’s cash pile soared to $381.7 billion in the … Read more
The TOI correspondent from Washington: In what appears to be a tectonic shift in American foreign policy and world order, US President Donald Trump has openly embraced China as a functional equal, heralding a new duopoly that jettisons Washington’s decade-plus view of Beijing as an existential threat, while leaving other powers like EU, Russia, India, … Read more
TOI correspondent from Washington: In a stunning testament to the boom in Artificial Intelligence (AI), three 22-year-old high school friends from Silicon Valley, including two Indian-Americans, have become the world’s youngest self-made billionaires.Brendan Foody, Adarsh Hiremath, and Surya Midha, co-founders of the San Francisco-based AI recruiting platform Mercor, achieved the staggering feat after their company … Read more
Apple is predicting a whole lot of iPhones will be beneath Christmas trees this year. CEO Tim Cook said he expects record iPhone sales — and Apple’s biggest quarter in history by revenue — for the holiday quarter. “We are incredibly excited about the strength we’re seeing across our products and services, and we expect … Read more