Snap Inc. announced a 9% revenue increase to $1.3 billion in Q2 2025, despite a net loss of $263 million. Monthly active users grew by 7% to 932 million, with CEO Evan Spiegel emph...
LG Uplus announces a 100 billion won treasury stock cancellation and an 80 billion won share buyback, alongside strategic financial targets and operational restructuring to enhance...
Bengaluru's Yali Capital exceeds funding targets with a Rs 893cr deep tech fund, aiming to invest in semiconductors, AI, robotics, and more, while also focusing on youth AI educati...
President Trump announces a $92 billion investment in AI and energy in Pennsylvania, marking the largest private investment in the state's history. The plan includes significant co...
Anthropic, an AI safety and research firm, is in talks for a potential $100B valuation deal, up from $58B four months ago, after raising $3.5B in March and planning a $5.5B total t...
AWS announces a $100M additional investment in its Generative AI Innovation Center, celebrating two years of helping diverse clients implement AI at scale. Companies like Formula 1...
Oracle announces a $2 billion investment in AI and cloud infrastructure in Germany, aiming to expand its Oracle Cloud Infrastructure and AI services to support public and private s...
Elon Musk's SpaceX invests $2 billion in xAI, part of a $5 billion equity fundraise, aiming for a $200 billion valuation, marking a significant leap in AI and space technology coll...
Amazon is considering a multibillion-dollar investment in AI company Anthropic to enhance its position in the artificial intelligence market, aiming to compete with Google and Micr...
Tencent Holdings Ltd. reported a 13% increase in Q1 2025 revenue to $25 billion, with profits up by 14%. The company highlighted AI's significant contribution to its growth and pla...
Oracle is pressured to complete a massive data center in Texas for OpenAI, part of the $500 billion Stargate project to enhance US AI capabilities. The facility, size of 17 footbal...
Oracle is under pressure to complete a massive data center in Texas for OpenAI, part of a $500 billion investment in the AI sector under the Stargate project.
SoftBank Group Corp. is considering a $1 trillion investment in the US AI sector to develop AI-driven industrial parks, aiming to address labor shortages and revolutionize manufact...
Google plans to invest $750M in Anthropic, an AI start-up, through convertible debt, aiming to strengthen its position in the AI race without exceeding a 15% stake, amidst antitrus...
Sunil Wadhwani, an Indian-American entrepreneur, emphasizes the need for more AI investment in the social sector to transform underserved communities. Through Wadhwani AI, he has d...
Alphabet Inc. reported a 12% revenue increase to $96.5B in Q4 2024, missing market estimates. Earnings per share rose by 31% to $2.15, with a 32% increase in operating income. CEO ...
Google's additional $1 billion investment in Anthropic highlights the fierce competition in the AI industry, with Anthropic's valuation nearing $60 billion. This move is part of a ...
ByteDance, TikTok's owner, plans a massive $12 billion investment in AI infrastructure by 2025, focusing on AI chip purchases and enhancing foundation model training capabilities. ...
U.S. stock markets experienced a significant rally as President Trump's inauguration and immediate actions, including signing 42 executive orders, boosted investor confidence. The ...
The US stock market saw a positive turnaround as the S&P 500 ended a five-day losing streak with a 1.2% gain, driven by tech stocks. Microsoft's $80 billion investment announcement...
Nandan Nilekani argues against India investing in building another large language model, suggesting resources should be directed towards compute, infrastructure, and AI cloud inste...
