AI News
Reporting, analysis and features from AIM's AI News section.
Spain’s Submer to Invest ₹19,000 Crore in MP’s Semiconductor Ecosystem, Create 5,000 Jobs
The agreement paved the path to developing up to 1 gigawatt of next-generation, AI-ready data centre capacity in the state.
Shalini Mondal ·
DeepSeek to File for IPO This Year: Report
The company is also reportedly exploring another financing round that could value it at roughly $71 billion.
Supreeth Koundinya ·
Demis Hassabis Says AGI Could Arrive Within ‘A Few Short Years’, Calls for US Frontier AI Standards Body
Hassabis argues that the pace of AI development is exceeding the current understanding of the technology.
Siddharth Jindal ·
Karnataka to Build AI University & Innovation Hub, Announces CM Shivakumar at Google I/O Connect India
Google also introduced on-premises Gemini, AI education initiatives, cybersecurity tools, and expanded language support for Indian enterprises and developers.
Siddharth Jindal ·
Father of Reinforcement Learning Richard Sutton Launches New AI Startup
The Turing Award winner has left Keen Technologies with a former colleague, Khurram Javed, to build AI models that benefit from continual learning.
Supreeth Koundinya ·
Elevation Capital Raises $500 Mn Fund IX to Back India's Next Wave of AI Startups
Elevation Capital’s Fund IX will focus on seed and Series A investments, emphasising early-stage opportunities in AI and deeptech.
Smruthi Nadig ·
Anthropic Introduces India-specific Pricing for Claude AI Subscriptions
The revised plans include Claude Pro at ₹1,999/month, Claude Max at ₹11,999 and ₹23,999, and Claude Team starting at ₹2,399/user/month.
Smruthi Nadig ·
HCLTech Enter AI Infrastructure Biz with ₹3,500 Crore Investment in Data Centres
HCLTech said it plans to build a full-stack AI platform spanning AI data centres, GPU infrastructure, foundation models, enterprise applications and managed services.
Ajay Rag ·
HCLTech's AI Revenue Surges 62% to $171 Mn as Automation Reshapes IT Services
The IT company reported a 20% rise in June-quarter profit, with AI revenues climbing to an annualised run rate of $688 million.
Ajay Rag ·
ITC Infotech Leads Race for Majority Stake in Happiest Minds: Report
The proposed deal, if concluded, would mark another major consolidation move in India's IT services industry as companies pursue acquisitions to build scale and strengthen AI-led capabilities.
Ajay Rag ·
TVH Expands Pune GCC, Increases Capacity by 150 Seats
The expansion provides room for 400 employees as TVH scales its technology, engineering, and digital operations from India.
Sanjana Gupta ·
LTM to Train 1,000 Claude Engineers Under Expanded Partnership With Anthropic
LTM will integrate Anthropic's Claude models into its BlueVerse AI platform, establish a Claude Centre of Excellence and expand its AI1000 programme.
Ajay Rag ·
Dhruva Space Secures First Investment From India’s Antariksh Venture Fund
The Hyderabad-based startup receives ₹60 crore as the Antariksh Venture Capital Fund makes its debut investment.
Sanjana Gupta ·
TCS Wins Multi-Million, Multi-Year ABB Deal to Run Global AI-Powered Network Operations
The expanded partnership will see TCS build an AI-driven, secure and standardised digital infrastructure to power ABB's global network operations.
Merin Susan John ·
Meta Pulls AI Tool That Allowed Edits of Public Instagram Photos After Backlash
The company discontinued the feature within days of launch after criticism over consent and privacy in AI-generated image creation.
Siddharth Jindal ·
Apple Sues OpenAI Over Alleged Theft of Trade Secrets
The complaint names former Apple executives Tang Tan and Chang Liu and seeks damages along with the return of allegedly misappropriated confidential information.
Siddharth Jindal ·
SK Hynix Raises $26.5 Bn as it Debuts on Nasdaq
Its ADRs are scheduled to begin trading on Nasdaq under the ticker SKHY on July 10.
Siddharth Jindal ·
Cactus Wins MeitY Contract to Build AI-Powered Procurement Platform: Report
The NeGD project will use AI to help government departments draft, review and standardise procurement documents while retaining human oversight of decisions.
Smruthi Nadig ·
Electronics Major Arduino Opens Edge AI Invention Lab at IIT Delhi for Hands-On AI Learning
Expanding its Physical AI for All initiative, Arduino looks to strengthen AI education in India with innovation labs, a 120-hour edge AI curriculum, and partnerships with over 300 institutions.
Prachi Pradhan ·
India Joins Australia, Canada to Advance AI Infra, Workforce Skilling
The MoU operationalises the ACITI partnership, with a focus on AI, hardware supply chains, critical minerals, and commercialising emerging technologies.
Smruthi Nadig ·