Bain Capital CLO tranche defaults in post-2008 first for EuropeA European collateralised loan obligation managed by Bain Capital has defaulted on its most junior tranche, marking the first such failure ...
20 Jun, 2026, 10.24 AM IST
IndAI sovereignty, a fable: Frontier AI is now a geopolitical tool — India must leverage its market accessibilityIndia faces a critical juncture as powerful AI models are restricted by the US. This move impacts the security of India's digital infrastru...
18 Jun, 2026, 11.53 PM IST
AI cuts tech project times from years to months, says Deutsche Bank execDeutsche Bank is experiencing a remarkable transformation through artificial intelligence. What used to take two years can now be accomplis...
18 Jun, 2026, 08.50 PM IST
AI company Dream triples value to $3 billion in funding roundBicycle Capital and Group 11 led the round, which nearly tripled its valuation from $1 billion in February 2025, Dream co-founders Shalev H...
18 Jun, 2026, 02.56 PM IST
AI talent gap leaves IT firms scrambling for forward deployed engineersIndian IT firms are facing a shortage of Forward Deployed Engineers (FDEs), crucial for AI adoption and client-site customization. To compe...
18 Jun, 2026, 06.00 AM IST
India key to Mercedes’ technology stack, autonomous-driving ambitions: CTO Jörg BurzerMercedes-Benz is significantly leveraging its Indian R&D center in Bengaluru for its biggest software transformation to date, MB.OS, which ...
18 Jun, 2026, 06.00 AM IST
France's OVHcloud plans frontier AI models to become Europe's second LLM playerOVHcloud aims to build advanced AI models. This move positions the European cloud provider as a competitor to Mistral. The company seeks to...
17 Jun, 2026, 10.41 PM IST
Italian digital service company Engineering sells two units to AccentureEngineering, a prominent player in Italy's digital services landscape, is parting ways with its Alfahealth and Industries eXcellence units,...
17 Jun, 2026, 10.22 PM IST
Louvre museum 'running out of steam', says new directorThe Louvre museum is struggling to find funding to upgrade its ageing facilities, its new director said Wednesday, following a litany of pr...
17 Jun, 2026, 03.10 PM IST
Techie says firm fired 90% of staff, plans to hire back as developers are 'dime a dozen' in BangaloreA Bengaluru software architect reported his company laid off 90% of its tech staff, attributing the cuts to AI adoption and reduced custome...
17 Jun, 2026, 01.43 PM IST
Europe frets about US AI as tech world flocks to France for G7, VivaTechEuropean leaders and tech executives are focusing on technological sovereignty. Discussions at G7 and VivaTech highlight concerns about Ame...
17 Jun, 2026, 10.36 AM IST
Poland teams up with Foxconn to build EVs: PM TuskPoland's government will partner with Taiwan's Foxconn to build electric cars. The venture aims to produce 400,000 electric SUVs each year....
16 Jun, 2026, 08.22 PM IST
China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summitEight years of U.S. tariffs have failed to curb China’s manufacturing strength, with Beijing posting a record $1.2 trillion trade surplus b...
16 Jun, 2026, 09.47 AM IST
You've probably used his code today, but the man behind YouTube, Netflix and TikTok isn't a billionaireFabrice Bellard, a quiet French engineer, has profoundly shaped the modern internet without seeking fame. His creation, FFmpeg, is a corner...
15 Jun, 2026, 11.17 PM IST
Former Tech Mahindra executive Rajashree R joins VC firm Kalaari CapitalFormer Tech Mahindra executive Rajashree R has joined venture capital firm Kalaari Capital, bringing nearly two decades of IT sector experi...
15 Jun, 2026, 10.31 PM IST
AI robotics company Theker raises $85 million from investors including LVMHTheker, an AI robotics firm from Barcelona, has secured $85 million in new funding. This investment was led by CRV and included major playe...
11 Jun, 2026, 08.43 PM IST
Mygate closes Rs 225 crore deal with Dharana CapitalHousing society management platform Mygate has secured Rs 225 crore in a funding round led by Dharana Capital. The deal, which includes pri...
10 Jun, 2026, 03.55 PM IST