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 […]
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 […]
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 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, […]
The Indian Rupee fell past 90 per US dollar for the first time on Wednesday, as traders bet that the lack of a India-US trade deal and exodus of foreign monies from the stock market will keep Asia’s worst performing currency under pressure without central bank intervention. The rupee has fallen 5.3% against the US […]
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. […]
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 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 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 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 […]
