Disney invests $1 billion in OpenAI, strikes licensing deal| Business News

Walt Disney Co. agreed to invest $1 billion in OpenAI and license iconic characters like Mickey Mouse and Cinderella to Sora, OpenAI’s short-form, artificial intelligence video platform. Disney will become a major customer of OpenAI, using its tools to build new products and experiences and deploying ChatGPT for its employees. (AFP) As part of the […]

CEA V. Anantha Nageswaran sees India-US trade deal signed by March 2026| Business News

India’s chief economic adviser said he would be surprised if an “elusive” trade deal with the US isn’t signed by March, as most trade-related issues have been resolved. India’s Chief Economic Adviser V. Anantha Nageswaran. (PTI) “I was hoping something would be done by the end of November, but it has turned out to be […]

A India-US trade deal, not Fed rate cut, matters more for India’s stock market, rupee| Business News

India’s stock markets are trading mixed after the US Federal Reserve delivered a third straight interest-rate cut, as investors tracked cues on progress of a India-US trade deal that’s been a WIP for months. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Bloomberg) On Thursday, the 30-share BSE Sensex opened 0.17% higher only […]

Netflix to buy Warner Bros. in $72 billion deal that includes HBO Network| Business News

Netflix Inc. agreed to buy Warner Bros. Discovery Inc. in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios. The Warner Bros. acquisition marks an dramatic strategic shift for Netflix, which has never made a deal of this scope. (Reuters) Under the deal announced Friday, […]

Redditor warns of ‘new rental scam’ targeting flat-hunters in Bengaluru: ‘If a deal sounds too good…’

A Bengaluru renter has raised an alarm on Reddit about what he describes as a “new flat rental scam” targeting people searching for affordable homes in the city. In a detailed post, titled “Bengaluru New Flat Rental Scam,” the user narrated how scammers are exploiting too-good-to-be-true listings on popular real-estate platforms to dupe unsuspecting tenants. […]

Hyderabad real estate: WeWork leases 1.75 lakh sq ft office space; sub-leases entire space to JP Morgan in mega deal

In one of Hyderabad’s largest office space transactions, WeWork India has leased 1.75 lakh sq ft at Skyview 20, a Grade-A tech park, on a five-year term with a starting monthly rent of ₹1.72 crore. The company has then sub-leased the entire two-floor space to JP Morgan Services India Pvt Ltd for 60 months at […]

Adobe to acquire Semrush in $1.9-billion deal to build marketing tools for an AI world| Business News

Adobe Inc. has decided to acquire Semrush Holdings Inc. in a $1.9-billion all-cash deal, as the Photoshop maker looks to strengthen its marketing tools for an AI world. Adobe is paying $12 per share of Semrush, which is a 77.5% premium over the last closing price, in a $1.9-billion all-cash deal. (Reuters) The San Jose, […]

Microsoft, Nvidia, Anthropic announce new AI deal amid fears of a bubble| Business News

Microsoft, Nvidia and Anthropic have formed an alliance, with Anthropic committing $30 billion to Azure for its Claude AI models. Dario Amodei, CEO and co-founder of Anthropic. (AP) The partnership details: 1. Anthropic to buy $30B of Azure compute capacity 2. Nvidia to invest $10 billion in Anthropic 3. Microsoft to invest $5 billion in […]

Apple, Google close in on $1-billion/year AI deal to use Gemini for Siri| Business News

Apple Inc. is planning to pay about $1 billion a year for an ultrapowerful 1.2 trillion parameter AI model developed by Alphabet Inc.’s Google that would help run its long-promised overhaul of the Siri voice assistant, according to people with knowledge of the matter. Apple and Google are finalising a deal that would give Apple […]