Mistral said that the round was jointly led by existing investor PSG Equity, along with South Korea's Samsung Electronics and the EU-backed Scaleup Europe Fund, which both invested in it for the first time.
Australia's Firmus said on Tuesday it had signed a multi-year deal with OpenAI to supply computing capacity from two Malaysian data centres, making the ChatGPT maker an anchor customer as demand surges for infrastructure to run advanced AI models.
Some Dropbox users received an email from the company on Monday notifying them that their accounts have been accessed without authorization between August 4 and August 21, Dropbox confirmed after Bloomberg News reported the hack earlier in the day.
Happy Monday! Big industrial groups are vying to get a piece of ISRO’s heavy rocket technology. This and more in today’s ETtech Morning Dispatch.
The payout comes after a prolonged period of subdued variable compensation at the company. For nearly two years until the first quarter of fiscal 2026, mid- and senior-level employees received only about 20-40% of their eligible variable pay.
The “Machine Age Fund” will invest in AI computer infrastructure such as chips, memory, networking and storage, the firm said in a blog post on Friday, and will also include data centers, robotics and home appliances.
The investment by the corporate venture capital arm of IndiGo builds on an existing relationship between the two entities. Both companies previously collaborated to deploy artificial intelligence technologies aimed at enhancing passenger experience, assisting airline staff, and streamlining operational workflows across IndiGo's network.
US District Judge Richard Seeborg in San Francisco granted the fee request by law firms Boies Schiller Flexner, Susman Godfrey and Morgan & Morgan over objections from some class members. A jury in September found Google liable for secretly collecting app activity data from millions of users who had disabled a tracking feature.
First-half revenue soared 873.64% from a year ago to 150.3 billion yuan ($22.36 billion). Net profit totalled 77.6 billion yuan, compared to a loss of 2.3 billion yuan in 2025.
The 8.5-acre campus will be funded through a grant from the Ministry of Electronics and Information Technology (MeitY). Classes are expected to begin from September 2026 at a temporary facility at Acharya Nagarjuna University in Guntur, before shifting to the permanent Amaravati campus.
The company's water usage effectiveness (WUE) ratio climbed to 2.40 litres per kilowatt-hour in the year to June, from 2.25 the prior year, while its power usage effectiveness (PUE) ratio, which measures how much electricity a data centre needs for cooling and other overheads, rose to 1.49 from 1.44. Both metrics have worsened for three...
IREN shares fell more than 7% in extended trading after the company swung to a quarterly loss, driven by costs tied to retiring bitcoin mining hardware as it shifts to AI cloud services.
The payments company, once the crown jewel of American financial technology, received a $60.50-per-share bid from Stripe and private equity firm Advent International, which valued it at more than $53 billion, Reuters reported in July, citing sources.
CrowdStrike is a cloud-native cybersecurity software firm that helps businesses protect their computers, cloud systems, accounts and data from cyberattacks.
The company said that Plus, Pro, Business, Enterprise, and Education subscriptions will remain ad-free. WPP and Omnicom will be OpenAI’s first agency partners for ChatGPT Ads in India. India is one of the largest markets for OpenAI.
Surging component imports drawing Chinese companies to Indian govt's flagship event
Revenue for the six months ended June 30 rose 283.1% from a year earlier to $116.6 million, reflecting surging demand for cheaper, open-source-based models from Chinese providers. MiniMax said it will keep pushing to extend the "performance-cost frontier," first getting performance to a level that can handle complex real-world tasks and...
More than one in three companies hit by cyberattacks, or 37%, said they had attributed at least one incident in the past 12 months to a foreign intelligence service. That was up from 28% a year earlier and more than five times the 7% recorded in 2023.
The Microsoft cofounder and billionaire philanthropist Bill Gates told Reuters in an interview that he believes China might agree to restricting potentially dangerous AI model releases if the US took initiative on that first.
The Vietnamese government aims to develop at least 50,000 semiconductor professionals by 2030, including at least 35,000 workers for production, packaging, testing and other segments of the industry's value chain.
