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Mackenzie Scott has donated more than $26 billion over the past few years. Despite these big donations, she continues to remain one of the world’s richest individuals. The billionaire author and philanthropist has a net worth of $43.8 billion (Bloomberg Billionaire index). Most of Scot’s wealth, who was previously married to Amazon founder Jeff Bezos,…
India’s total foreign direct investment (FDI) inflows are likely to cross $90 billion in 2025-26 after already surpassing $88 billion during April-February, a top government official said on Thursday.DPIIT Secretary Amardeep Singh Bhatia said the government had undertaken a series of policy measures to attract foreign investments into the country, PTI reported.He said that during…
Oracle did not build the data centre in Abilene, Texas. It leased it from Crusoe—a relatively inexperienced operator—on a 15-year contract worth more than a billion dollars a year. This is not an exception to how Oracle operates; it is the whole model. Oracle is a database company that has recast itself as the financial…
The US Department of Justice (DOJ) has sued California-based technology company Cloudera for allegedly discriminating against Americans from applying to high-paying technology jobs. The department claims that the company created a separate recruitment and hiring process to “deter US workers from applying”, adding that it “also did not consider them for lucrative technology jobs that…
Google is celebrating the 20th anniversary of Google Translate, a tool that has evolved from a niche research project in 2006 into a globally used artificial intelligence (AI) tool by over 1 billion. Marking the occasion, Google CEO Sundar Pichai reflected on the platform’s journey from supporting just a handful of languages at launch to…
Airtel Africa’s initial public offering of its mobile money business could raise between $1.5 billion and $2 billion, according to people familiar with the matter.London is now the most likely location for the listing of Airtel Money, the people said, asking not be identified as the information is still private. An exchange in the UAE…
One of the most consequential legal battles in the history of artificial intelligence is now playing out in a federal courtroom in Oakland, California. Elon Musk, the world’s richest person and CEO of Tesla, SpaceX, and xAI, is suing Sam Altman, the CEO of OpenAI, along with OpenAI president Greg Brockman and Microsoft, alleging a…
The Chinese government has handed Mark Zuckerberg’s Meta a deadline to undo its $2.5 billion acquisition of AI startup Manus, citing national security concerns. Citing sources familiar with the matter, a report by The Wall Street Journal claimed that Beijing has given the tech giant just a few weeks to completely “disentangle” itself from the…
MUMBAI: General Atlantic and Accel backed new-age insurer Acko has kicked off IPO process, roping in Morgan Stanley, ICICI Securities and Kotak Securities as bankers for the issue expected to hit Dalal street in early 2027, said people in the know. The company, which is planning to make a confidential filing sometime in the second…
India-New Zealand FTA: The India-New Zealand trade deal or Free Trade Agreement signed on Monday has been called a ‘once-in-a-generation’ trade pact. For one, it gives Indian exporters duty-free or zero duty access to all exports. The implementation of the trade deal is now contingent on New Zealand Parliament’s approval, and in the case of…
