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Google shares crash 13% after $9 billion cash burn sparks AI spending fearsAlphabet shares crashed 13% as third-quarter earnings missed expectations due to heavy AI spending and slowing search ad growth. Net profit...- Indus Towers starts earning revenue from Africa expansionIndus Towers has initiated its expansion into Africa by deploying towers in Zambia and Uganda. The company aims to start operations in Nige...
- Microsoft, Oracle outshine Alphabet as investors demand AI returnsWall Street increasingly favours technology companies demonstrating financial discipline in AI investments. Microsoft and Oracle gained on ...
- Alphabet's heavy cloud spending drives bigger-than-expected cash burnThe company reported negative free cash flow of $9.07 billion, compared with analysts' estimate of a cash burn of $36 million, according to...
- How Databricks’ $2.2 billion Tabular deal helped Tim Chen’s Essence VC nearly return its entire fundTim Chen wasn’t planning to raise a new venture capital fund when investors began approaching him. His investment in Tabular, acquired by D...
- Indus Towers Q2 Results: Net profit slips 2.5% to Rs 1,793 croreIndus Towers reported a 2.5% decline in consolidated net profit for the second quarter ended September 30. The company experienced a 4% inc...
- Australia warns of 'unprecedented' AI threatArtificial intelligence poses an "unprecedented" threat as foreign governments turn it loose to hack computer networks and critical infrast...
- TCS, Infosys, other IT stocks drop up to 3% as Anthropic IPO sparks rally in global AI stocksIndian IT stocks fell amid reports that Anthropic, the maker of Claude, is preparing for an IPO that could value it at around $1.5 trillion...
- Who are the biggest investors backing Anthropic? A look at key stakeholdersAnthropic’s planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading vent...
- Anthropic IPO: 5 jaw-dropping numbers investors need to know about $1.5 trillion public offerAnthropic’s planned IPO could test investor appetite for AI amid a potential $1.5 trillion valuation. Revenue growth, substantial losses, $...
- Cadence unveils Nvidia-backed AI models that chipmakers can run in-houseBoth companies make software used to design computing chips - a process that involves arranging billions of transistors precisely to meet c...
- Anthropic files for US IPO amid AI boom, rising costs and safety concernsAnthropic has filed for a US IPO to support its ambitious AI development plans and secure funding. The company's recent financial details s...
- Meta eyes record $95 billion equity raise to fund AI expansionThe Facebook parent has launched public offerings worth about $35 billion in common and preferred stock, and said it also plans to launch a...
- Power to empower must include the power to stay well“The true value of power lies in its purpose,” the Prime Minister told the Bloomberg New Economy Forum in October. India’s next lever of po...
- YC-backed healthtech startup BioStack raises $9.5 million from Peak XV, DCVC, othersThe Y Combinator-backed startup, which operates across India, the US, Brazil and Argentina, has access to more than 100 million de-identifi...
- India must bolster tech, economic resilience: Dean Grandy, KPMG's global head for government and public sectorIndia is encouraged to boost its domestic technology capabilities and economic resilience to face geopolitical tensions. Strengthening self...
- Chinese smartphone brands lose India market share as chip costs soarChinese smartphone brands' market share in India decreased to 67-68% in the recent July-September quarter. This decline represents the lowe...
- Jio’s mega public issue puts India’s AI companies in the spotlight; see who are the potential IPO candidatesThe interest in India’s AI firms comes at a time when such companies are attracting increasing private investment and some are beginning to...
- Global Market: Anthropic presses ahead with November IPO as AI listings face delaysAnthropic is preparing for a potential mid-November IPO despite market volatility, rising interest rates and concerns over AI spending. Wit...
- India's AI financing demand to shift towards data centres, but GPU, regulatory risks persist: ReportAs India embraces the AI revolution, the sector's growth is bolstered by a surge in internet and smartphone users, alongside a wave of gene...
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