Tag: META
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...
Cerebras Raises $1.1B at $8.1B Valuation
Cerebras Systems, the AI chip company known for building some of the world’s largest processors, has raised $1.1 billion in an oversubscribed Series G...
Tech Giants Face Gambling App Lawsuit
Apple, Google, and Meta are set to face major class action lawsuits after a U.S. federal judge ruled that the companies cannot dismiss claims...
Meta Secures $29B for AI Data Centre Push
Meta has selected investment firms PIMCO and Blue Owl Capital to spearhead a $29 billion funding deal aimed at expanding its AI-focused data centre...
Microsoft Backs EU AI Act as Meta Opts Out
As the European Union rolls out its AI Act, tech companies are beginning to reveal their stance on the bloc’s regulatory framework. Microsoft has...
ED Summons Google and Meta in Betting Ad Probe
India’s financial crime agency has called on representatives from Google and Meta to explain their role in the advertisement and visibility of illegal betting...
Russia Moves to Restrict WhatsApp by September
Russian authorities are preparing to curtail the operations of WhatsApp as part of a broader effort to promote homegrown digital services and reduce reliance...
Altman: Meta Offered $100M to Poach OpenAI Talent
OpenAI CEO Sam Altman has alleged that Meta offered signing bonuses of up to $100 million to recruit employees from his organisation. Speaking on...
Meta Invests $14.8B in Scale AI Deal
Meta has invested $14.8 billion in Scale AI, acquiring a 49% nonvoting stake and hiring CEO Alexandr Wang in a deal that sidesteps formal...
Meta Delays Behemoth Model Amid Capability Concerns
Meta has reportedly postponed the release of its much-anticipated Behemoth large language model (LLM) to the fall, after initially targeting an April launch. The...
Meta Faces Whistleblower Heat Over AI Ethics
Former Meta executive Sarah Wynn-Williams has accused the tech giant of undermining U.S. national security and compromising AI ethics by covertly aiding China’s artificial...
Meta Eyes $1B Data Center in Wisconsin
Meta Platforms is reportedly planning to invest nearly $1 billion in a new data center project in central Wisconsin, a move aimed at ramping...
OpenAI, Meta in AI Talks with Reliance
OpenAI and Meta Platforms have reportedly initiated separate discussions with Reliance Industries to explore strategic AI partnerships aimed at expanding their offerings in the...
