Both companies will have a 50% stake in the joint venture, ACS said. The transaction will provide ACS a 100 million capital gain, it added.

The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to power artificial intelligence...

Wall Street indexes dipped Tuesday amid renewed U.S.-China trade conflict concerns, overshadowing strong bank earnings. Investors parsed re...

JioBlackRock Mutual Fund has launched its first active equity offering, the JioBlackRock Flexi Cap Fund, now open for subscription. This fu...

Generative AI requires enormous computing power, mainly to run the energy-hungry processors from Nvidia, the California-based company that ...

Bitcoin at $117,000 and Nvidia crossing $4 trillion in market value isn’t just hype — it might signal the start of a massive tech-crypto su...

Temasek has joined the AI Infrastructure Partnership, a $100 billion initiative backed by Microsoft, BlackRock, MGX, and others to fund AI ...

At Cisco Live 2025, CEO Chuck Robbins said Cisco aims to help businesses build AI-ready data centres and secure workplaces. Partnering with...

The collaboration will integrate xAI's models, which include its Grok family of large language models and its Colossus supercomputer, into ...

Elon Musk's AI firm xAI has been taking big steps as the competition in the artificial intelligence sector toughens.

Microsoft, the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc., which has an executive on the artificial intelligence startup’s b...

BlackRock and Microsoft are set to launch a $30 billion fund to invest in AI infrastructure, including data centers and energy projects. Th...

A separate tech team is fine-tuning AI to match investors and their risk appetite and suggest investment products accordingly. "We have a c...

COREWEAVE-FUNDING/CoreWeave raises $2.3 billion in debt collateralized by Nvidia chips

While the initial buzz was that JFS would start off with a lending business given that it has an NBFC licence, the joint venture announceme...

So far our fintech upstarts have by and large failed to convert the naysayers into believing that they will make enough money by selling so...

Global fund managers such as BlackRock Inc have been using computer artificial intelligence (AI) to analyze fundamentals, market sentiment ...