According to various media reports, OpenAI, the company behind ChatGPT, has informed investors that it intends to reduce the revenue share it gives to Microsoft, its biggest sponsor, by 2030. The announcement of OpenAI's intentions to lower Microsoft's income share follows the corporation's decision
According to media sources, the IndiaAI Mission has selected seven businesses for technical review under the second phase of the graphics processing units (GPU) tender, including partners of Google Cloud, Oracle, and Amazon Web Services (AWS). The companies Cyfuture India, Sify Digital Services, Vensysco Technologies, Locuz Enterprise Solutions, Yotta Data
Zomato, a prominent player in the foodtech industry, has suspended a policy that asked restaurant partners to split 50% of refund costs, just weeks after it was introduced. The new policy has been gradually implemented by Zomato over the last few months. Zomato stated in the emails it issued to
A group has apparently been established by the Centre to examine current copyright legislation in light of the growing number of issues pertaining to artificial intelligence (AI). According to a media report, the Union trade ministry last month formed a group consisting of eight specialists to investigate AI-related issues and
PwC is the most recent of the Big Four accountancy firms to lay off employees. The company is laying off about 1,500 workers in the US, or about 2% of its 75,000-person US workforce, according to a media report. Employees in the audit and tax departments are the
This month, Google is getting ready to host Google I/O 2025, its annual developer conference. However, the tech giant has unveiled a new iteration of its AI model, Gemini, ahead of its annual software presentation. The company's flagship Gemini 2.5 Pro AI model has been enhanced
According to IBM Chief Executive Arvind Krishna, the company acknowledges that artificial intelligence has taken over the jobs of several hundred human resources workers. But Krishna doesn't want people to think of the shift as just another instance of downsizing. IBM, he argues, has actually seen net hiring
The DoT (Department of Telecommunications) has laid down fresh guidelines for satellite internet companies, further detailing its regulatory framework. Companies such as SpaceX's Starlink still await final approval to beam down satellite internet to Indian customers. The fresh guidelines apply to two essential licenses, Unified License and Global
OpenAI has reverted to its previous course of maintaining control of its business operations, revealing that its nonprofit side will retain the authority of the company. CEO Sam Altman conveyed these changes in a pitch to employees. The apparently morale-boosting news item for OpenAI is that Altman's side
Ather Energy, an electric two-wheeler company with considerable backing from investors, made its public market entry on Indian stock exchanges this week with an underwhelming response. The company’s IPO, available from April 28 to April 30, had set an offer amount of INR 2,981 crore, of which it
U.S. dollar stability is coming under scrutiny as Asian currencies have made some impressive gains against it. Markets have been reacting, with some of the movement tracing back to a large wave of dollar selling triggered in Taiwan. What's notable is how sharp and widespread these gains
Existing investors, including Fireside Ventures, double down on their commitment to the business. The Good Bug (TGB), India's pioneering gut health company, has raised INR 100 Crores in a new funding round led by Susquehanna Asia VC. This fresh infusion of capital comes at a strategic inflection point
Insurance Samadhan, an insurance grievance redressal platform, has raised INR 8.5 crore in a strategic funding round. This round was backed by a group of strategic family offices, with Innovito Ventures as the exclusive financial advisor. The company will use the fund to strengthen its technology infrastructure and expand
In order to secure exclusive licenses for its digital-first food brands, such as The Bowl Company (TBC), Homely, Soul Rasa, and Istah, foodtech giant Swiggy has partnered with Bengaluru-based Kouzina Food Tech. As part of this agreement, Kouzina will use its asset-light, cloud kitchen approach to oversee all facets of
Cybersecurity professionals and security agencies are keeping a close eye on Indian cyberspace to look for any infiltration from malicious actors in the wake of the Pahalgam terrorist assault, which has increased geopolitical tensions between India and Pakistan. Cybersecurity professionals and authorities are actively scanning cyberspace to identify any new
KorinMi, India’s first Korean skin clinic, has successfully raised INR 3 crore (approximately $355,000) in a pre-seed funding round led by marquee angel investors and CXOs such as Vikas Agarwal (ex-CEO, Kaya Skin Clinic, UAE) and Vivek Kumar (CEO, Venture Garage), along with other notable investors. The funding
According to LiveLaw, the Delhi High Court on 5 May denied an interim injunction petition that the IPL team Royal Challengers Bangalore (RCB) had brought against Uber Moto over a purportedly offensive YouTube ad that featured Travis Head of Sunrisers Hyderabad (SRH). RCB's request for an interim injunction
According to a media outlet, Tata Consultancy Services (TCS) has cut top staff' variable pay for the January–March quarter. The top software exporter in the nation has reduced variable pay for some employees for the third consecutive quarter. As per a TCS employee cited in the paper, variable
Nawgati, India’s pioneering fuel-tech platform, has raised $2.5 million in its pre-series A funding round led by renowned stock market investor Ajay Upadhyaya, with participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and prominent angels including Sanjay Sharma (former MD, Accenture), Ashish Sharma and Prithvijit
The massive Japanese bank Sumitomo Mitsui Banking Corp. (SMBC) is in advanced negotiations to purchase a sizeable portion of YES Bank. The State Bank of India (SBI), which owns 24% of YES Bank and has been looking for a long-term buyer since the bank's turnaround since its bailout
A landmark $53.5 million contract with GE Vernova’s steam power services division has been secured by Azad Engineering. This deal, which stretches over six years, calls for the supply of highly engineered rotating and stationary airfoils used in nuclear, industrial, and thermal power applications. Azad Engineering is largely
The Indian government has indicated it will thoroughly scrutinize the Supreme Court's recent decision to nullify the INR 19,350 crore resolution plan for Bhushan Power & Steel Ltd (BPSL) that was submitted by JSW Steel. Department of Financial Services (DFS) Secretary M. Nagaraju said in Mumbai that
Warren Buffett, often seen as the world's greatest investor, will retire from his role as chief executive officer at Berkshire Hathaway after 2025. He will, however, remain with the company in a role that Buffett himself described as "last man standing", chairman of the board. While