Tag: AI investment
Sarvam AI Startup Programme Fuels Indic AI Builders
Sarvam AI has introduced the Sarvam Startup Programme, providing early-stage companies with up to 12 months of API credits, priority engineering support and production-ready infrastructure to build multilingual AI applications without backend complexities. Founders Vivek Raghavan and Pratyush Kumar positioned the initiative to empower India’s developer ecosystem with high-quality models fluent in 22+ Indian languages and English, enabling full agency in creating voice agents,...
Oracle Layoffs Fund AI Data Centre Push Amid Cash Squeeze
Oracle is planning thousands of job cuts across divisions as it grapples with a cash crunch from aggressive AI data centre buildout to support major clients including a $300 billion OpenAI agreement, xAI and Meta, as Bloomberg News first reported. The reductions, potentially broader than typical rolling cuts, may begin this month and target roles expected to diminish under AI automation, coinciding with an...
Elon Musk’s xAI Nears $20B Funding Round Backed by Nvidia
Elon Musk’s xAI is reportedly close to securing a $20 billion funding round, including a major equity investment from Nvidia, as it scales up...
Chip Stocks Add $200B as AI Momentum Sparks Global Rally
Global semiconductor companies added over $200 billion in market value in a single session, as investors rushed to capitalise on artificial intelligence (AI) momentum...
OpenAI Hits $500B, Becomes World’s Most Valuable Startup
OpenAI has officially become the most valuable private startup in the world, reaching a staggering $500 billion valuation following a major secondary share sale....
MIT: 95% of GenAI Deployments Fail ROI
Despite a surge of enterprise enthusiasm for generative AI, a new study from the Massachusetts Institute of Technology (MIT) has delivered a sobering reality...
Nvidia to Pump $100B into OpenAI for Chip Partnership
Nvidia is set to invest up to $100 billion in OpenAI as part of a sweeping deal that deepens the strategic interdependence between two...
Microsoft Cuts 4% of Workforce Amid AI Spending
Microsoft will lay off nearly 4% of its global workforce as part of cost-cutting efforts tied to massive investments in artificial intelligence. The move...
Bosch To Invest €2.5B In AI By 2027
Bosch has announced a €2.5 billion investment in artificial intelligence through 2027, marking a strategic commitment to embed AI across its global product lines—from...
Fractal Invests $20M in AI Platform Asper.ai
In a move aimed at strengthening domain-specific enterprise AI capabilities, Fractal has announced a $20 million strategic investment in Asper.ai, one of its product...
Nvidia’s AI Chip Demand Faces DeepSeek Challenge
Nvidia’s artificial intelligence chip business is under scrutiny as the company prepares to report its quarterly earnings on Wednesday, with investors weighing the long-term...
