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ByteDance has signed a binding agreement to transfer control of TikTok’s US operations to a consortium of predominantly American investors led by Oracle and private equity firm Silver Lake, Axios reported, citing an internal company memo. This brings an end to years of regulatory uncertainty around the short-video app. The deal also includes Abu Dhabi-based […]
Oracle and Silver Lake Take Control of TikTok’s US Business Read More »
IBM has committed to skill 5 million learners across India in AI, cybersecurity and quantum computing by 2030, as part of its workforce development efforts in the country. The initiative is part of IBM’s SkillsBuild tech learning ecosystem and will focus on students and adult learners across schools, universities, and vocational ecosystems. The company said
IBM to Skill 5 Mn Indian Youth in AI & Quantum by 2030 Read More »
HCLTech has signed an agreement to acquire Hewlett Packard Enterprise’s (HPE) telco solutions business, strengthening its engineering and AI-led network offerings for global communication service providers (CSPs). The acquisition follows an earlier transaction in 2024, when HCLTech bought select assets from HPE’s Communications Technology Group (CTG). Through the latest deal, HCLTech will gain additional intellectual
Meta’s chief AI scientist, Yann LeCun, is in early discussions to raise about €500 million ($586.00 million) for a new AI startup, a move that would value the company at roughly €3 billion ($3.5 billion) before its formal launch, the Financial Times reported. LeCun, who is set to leave Meta by the end of the
Meta’s Yann LeCun in Talks to Raise €500 Mn for New AI Start-Up at €3 Bn Valuation Read More »
Meta has rolled out a new software update for its AI-powered smart glasses, improving audio quality through noise filtration and enhancing the audio streaming experience with Spotify using multimodal AI. The v21 update introduces “Conversation Focus,” a feature that amplifies a speaker’s voice in noisy environments. First announced at Meta Connect earlier this year, the
Leading US-based AI companies OpenAI and Anthropic have expanded their global hiring efforts with a slate of roles specifically targeting talent in India, reflecting the companies’ growing focus on the region as it builds out local operations. OpenAI currently lists nine open positions with India locations (Delhi office and remote options) spanning sales, customer success,
OpenAI, Anthropic Announce Multiple Job Openings in India Read More »
India’s Centre for Development of Advanced Computing (C-DAC) Pune has demonstrated a mobile quantum communication system using a drone-enabled platform, marking a step towards infrastructure-independent quantum networks. The demonstration involved mobility-based Quantum Key Distribution (QKD) and a post-quantum-secure drone-communication solution, CDAC announced in a LinkedIn post. QKD involves securely sharing encryption keys between two parties
India’s C-DAC Demonstrates Mobile Quantum Communication Using Drones Read More »
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has issued a request for proposal (RFP) to establish Antariksh Prayogshala or Space Labs at select academic institutions across India. The move aims to strengthen the space technology ecosystem by providing hands-on training to students and supporting industry–academia collaboration. Under the initiative, IN-SPACe will select up
IN-SPACe Launches Antariksh Prayogshala to Set Up Space Labs in Academic Institutions Read More »
Vibe coding platform Lovable has raised $330 million in a Series B funding round at a valuation of $6.6 billion, the company said. The round was led by CapitalG and Menlo Ventures’ Anthology fund, with participation from new and existing investors. The funding round included investments from NVentures, Salesforce Ventures, Databricks Ventures, T.Capital, Atlassian Ventures
Lovable Raises $330 Mn in Series B Funding at $6.6 Bn Valuation Read More »
Mythic, a Palo Alto-based AI chip company, has raised $125 million in a funding round to develop analog processing units designed to cut AI energy use by up to 100x compared with GPUs. The round was led by deep tech-focused venture capital firm DCVC and will support Mythic’s product development, software, and commercial scale-up efforts.
