Latest News, Updates & Breaking Headlines
Sam Altman and Satya Nadella For years, OpenAI‘s biggest financial backer was also its biggest constraint. That changed Monday. OpenAI and Microsoft announced a revised partnership that ends Microsoft’s exclusive license to OpenAI’s technology—the same technology Microsoft had been backing since 2019, to the tune of $13 billion. The new deal allows OpenAI to sell…
Sun Pharmaceutical Industries on Monday announced it will acquire US-based Organon & Co. in an all-cash deal valued at $11.75 billion, marking one of the largest overseas acquisitions by an Indian company.Under the definitive agreement, Sun Pharma will buy all outstanding shares of Organon at $14 per share.The deal, approved by the boards of both…
Google is putting $10 billion into Anthropic today—and has committed to investing up to $30 billion more, provided the AI startup clears certain performance hurdles. The deal, first reported by Bloomberg, pegs Anthropic’s valuation at $350 billion and is the latest sign that Big Tech’s appetite for frontier AI is nowhere close to slowing down….
India’s foreign exchange reserves rose by $2.362 billion to $703.308 billion in the week ended April 17, the Reserve Bank of India (RBI) said on Friday. This comes after the kitty had already gained $3.825 billion in the previous week, when the reserves stood at $700.946 billion.The reserves had earlier touched a record high of…
A USD 81 billion Warner-Paramount mega merger has received shareholders’ stamp of approval, propelling a deal that could vastly reshape Hollywood and the wider media landscape closer to the finish line.Per a preliminary vote count on Thursday, the overwhelming majority of Warner Bros. Discovery shareholders voted in support of selling the entire business to Paramount…
EU signs off on Ukraine loan, new Russia sanctions The European Union on Thursday gave final approval to a €90 billion ($105 billion) loan for Ukraine and a new round of sanctions against Russia, ending a prolonged standoff that had held up EU support for Kyiv.The measures were signed off after Hungary and Slovakia dropped…
Aman Sanger is emerging as one of the key Indian-origin figures in the global artificial intelligence boom. A co-founder of Cursor, he is part of the team behind one of the fastest-growing AI coding platforms in the world. Recently, SpaceX confirmed it had secured an option to acquire Cursor for around $60 billion, or alternatively,…
Michael Dell and Susan Dell have announced a $750 million donation to the University of Texas at Austin to build a new medical centre and research campus. The move comes months after the couple committed $6.25 billion to fund “Trump Accounts” for children in the US. The new project will focus on healthcare, research and…
Germany expects to finalise a major $8 billion submarine cooperation agreement with India “soon,” Berlin’s defence minister Boris Pistorius said on Wednesday.“I am very, very confident that I will be able to sign it soon,” Pistorius told Reuters, adding that he expected the deal to be concluded within the next three months.The proposed $8 billion…
Chegg, the education tech company that became the king of the classroom in the early days of 2021 during Covid, has become the ‘first company’ to be effectively ‘killed’ by AI. The online learning platform once traded as high as $113.51 per share in February 2021, riding a wave of pandemic-driven demand for remote education,…
