The European Union has cleared the proposed joint venture between Reliance Industries Limited (RIL) and Meta Platforms to build enterprise-focused artificial intelligence solutions, ET Now reported Friday. The joint venture, announced last month at RIL’s Annual General Meet (AGM), will invest about ₹855 crore (US$100 million), with Reliance holding a 70% stake and Meta 30%. … Read more
Nvidia will invest $100 billion in OpenAI to support the development of new data centers and other infrastructure needed to power the next generation of AI models from the ChatGPT maker. The two companies have signed a letter of intent to deploy at least 10 gigawatts of Nvidia systems for training and running the next … 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
AI startup Perplexity has secured commitments from investors for $200 million in new funding at a $20 billion valuation, the Information reported on Wednesday, citing a person with knowledge of the matter. Reuters could not immediately verify this report and Perplexity did not immediately respond to a request for comment. Run by Aravind Srinivas, Perplexity … Read more
In March 2000, Barron’s asked, “When will the internet bubble burst?” warning the pop could happen before year-end. On that same day, a top tech company saw its share price drop 60pc, and many others collapsed, wiping out trillions. Now, some Wall Street experts worry the same “unpleasant popping sound” may hit the AI boom. … Read more
Perplexity CEO Aravind Srinivas, who made an offer to acquire TikTok US operations in January this year, has once again come up with a new bid. This time, his AI-start up made a $34.5 billion unsolicited all-cash offer for Alphabet’s Chrome browser on 12 August. The three-year-old company has secured approximately $1 billion in funding … Read more
Nvidia CEO Jensen Huang reveals how students should use AI for career success In a rapidly evolving technological landscape, future-proofing one’s career is a paramount concern for students. When posed with the hypothetical question of what advice he would offer his younger self to navigate this future, Nvidia CEO Jensen Huang‘s answer is clear and … Read more
The Economic Survey 2024-25 highlighted the accelerating adoption of artificial intelligence in India’s services sector, with major strides being made in banking, finance, healthcare, telecom, retail, and transport. The report, prepared by the Chief Economic Advisor to the Finance Ministry, stated that the services sector stands out for its swift embrace of AI, thanks to … 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