The AI unit will work with Hong Kong University of Science and Technology as its anchor academic partner, Elhedery said, though he did not disclose headcount details.
The combined debt of the seven largest US technology companies, widely known as the Magnificent Seven, has increased nearly 45 per cent to USD 578 billion by mid-2026, raising concerns over the financial risks linked to the rapid expansion of artificial intelligence infrastructure, according to a report by SBI Research.
The symposium is being organised by the Atomic Energy Retirees’ Association (AERA), Keralam
The retreat threatens a long-standing source of support for technology share prices. With companies buying back fewer shares, investors are increasingly dependent on heavy AI investments delivering enough profit growth to justify their valuations.
A fresh test of this year's technology rally sent the Nasdaq composite on Friday to its biggest decline since June. Chipmaker Intel and social media firm Reddit fell 29% and Sandisk, a chipmaker that has been one of the great beneficiaries of the AI capital-spending boom, dropped 13%.
Q2 FY27 performance across verticals was mixed for India’s leading IT services companies, with growth varying significantly by segment
Foxconn Chairman Young Liu told reporters at the company's annual event to showcase its technology that he had met OpenAI Chief Executive Sam Altman earlier in the day and there would be an announcement once details were confirmed.
Samsung Electronics said in a filing on Fridaty that the company will buy 1.27 trillion won ($948.39 million) worth of shares in TCL China Star Optoelectronics Technology Co. Ltd from Samsung Display.
Business software maker Salesforce said on Thursday it would buy defense technology company Rune Technologies to expand its Missionforce business, which serves the US military and government agencies.
The Uber funding and strong R2 sales are crucial to Rivian's push to narrow heavy losses and cash burn while it funds a bet on self-driving technology and leans on its joint venture with Volkswagen, which has become a major source of revenue.
Apple set to unveil first touchscreen MacBooks, ending years of resistance to the technology The Economic TimesApple introduces the new 14-inch MacBook Pro with M6 AppleTouchscreen MacBook live blog: On the ground at Apple’s launch event The VergeApple launches M6 MacBook Pro and iMac, pitches faster on-device AI The HinduAll the news from Apple’s ‘Pro and tell’ event The Verge
The decision highlights China's intense shortage of the AI memory chips, which are essential to a government-backed push to develop domestic alternatives to Nvidia's AI processors at scale amid US curbs on access to foreign-made technology.
Indian information technology (IT) companies are well-positioned to benefit from the growing adoption of artificial intelligence (AI) by enterprises, as rising infrastructure investments and funding requirements increase financial risks for companies building and operating AI computing capacity, according to a research report by Anand Rathi.
Speaking at Oracle AI World here, Ellison, the company's executive chairman and chief technology officer, rejected talk of a "SaaS apocalypse", in which businesses would use AI to build their own applications instead of buying software-as-a-service (SaaS) products.
OpenAI plans to buy Google's AI chips, The Information reported on Tuesday, citing a person familiar with the matter, as technology companies ramp up spending on data centers and semiconductors to meet surging demand for AI computing.
The risks laid out by the San Francisco company in its filing Monday with the Securities and Exchange Commission included discussion of bad actors potentially using AI models to build deadly weapons or the technology itself going rogue with untold consequences.
As major tech giants continue to spend heavily on AI-related investments, concerns persist about the impact of the technology on jobs
In his new role, Maheshwari will lead the company’s product, technology, engineering and analytics functions. His main task will be to advance Honasa’s plans to use artificial intelligence (AI) in its business, including agentic AI, which refers to AI systems that can carry out multi-step tasks with human oversight.
The estimate is based on nearly $384 billion invested in the first half of 2026 and assumes the current pace continues through the year. It compares with $145 billion invested in the technology in 2025, making AI infrastructure and model architectures the largest-funded technology trend covered by McKinsey.
