AI News
Reporting, analysis and features from AIM's AI News section.
Microsoft Wants You to Know Xbox Layoffs are Not Due to AI
Microsoft’s Xbox division will eliminate around 3,200 roles during FY27, as 1,600 jobs were cut immediately.
Siddharth Jindal ·
95% of NVIDIA’s Grace Blackwell GPUs Yet to Be Deployed: Report
Air Street Capital estimates that only 100,128 of the world’s 1.66 million announced NVIDIA Grace Blackwell GPUs had been deployed as of July.
Supreeth Koundinya ·
Broadcom, Apple Extend Custom Chip Partnership Through 2031
New multi-year agreements cover the development and supply of custom ASIC silicon for multiple future generations of Apple products.
Supreeth Koundinya ·
Zeta Co-Founder Bhavin Turakhia Launches Neo With $30 Mn Personal Bet on Enterprise AI
Neo will roll out Tasket for AI-led task delegation, Friday for AI assistants and agents, Studio for knowledge management, and Drive for human-agent file collaboration.
Merin Susan John ·
Cult.Fit Heads to Public Markets With ₹950 Cr Fresh Issue, Investor Exits
The DRHP filing follows reports that Eternal-backed Cult.fit was targeting an IPO fundraise of ₹3,500 crore to ₹4,000 crore at an estimated valuation of around $2 billion.
Merin Susan John ·
Samsung Projects 19-Fold Jump in Q2 Profit Amid Strong AI Memory Demand
Despite the strong earnings guidance, Samsung’s stock dropped as much as 7.9% in early trading.
Siddharth Jindal ·
Telangana Govt Strengthens Life Sciences Ecosystem With ₹800 Cr Oncology Pharma Facility
The project is expected to generate around 500 direct employment opportunities.
Shalini Mondal ·
GalaxEye’s Mission Drishti Satellite Hit by Solar Storm After System Validation
GalaxEye says the maiden OptoSAR mission validated key systems and plans to launch two new OptoSAR satellites within the next 24 months.
Sanjana Gupta ·
Magnum Opens New R&D Centre in Bengaluru to Accelerate Ice Cream Product Innovation for India
The centre will support innovation across brands, including Kwality Wall's, Cornetto, Magnum, Carte D'Or, Feast, and Twister
Shalini Mondal ·
Hyderabad Startup Cosmoserve to Test Robotic Satellite Capture Aboard Skyroot Rocket
Cosmoserve plans an in-orbit demonstration of debris-removal technology during Vikram-1’s maiden launch. It is separately collaborating with Pixxel for a larger satellite platform.
Sanjana Gupta ·
LTM Launches BlueVerse RightLogic as Enterprises Grapple with Rising Security Threats
BlueVerse RightLogic combines AI and cybersecurity assessments to help enterprises identify vulnerabilities, prioritise remediation, and strengthen governance as AI adoption accelerates.
Ajay Rag ·
Naukri Unveils AI REX to Help Recruiters Analyse, Shortlist Talent
With AI REX at the centre of its AI-first strategy, Naukri aims to build a more intelligent hiring ecosystem that reduces manual recruitment work while improving candidate discovery.
Prachi Pradhan ·
Ecolab Acquires CoolIT for $4.75bn to Strengthen AI Data Centre Cooling Business
With CoolIT’s expertise in liquid cooling, Ecolab aims to provide comprehensive solutions across the AI value chain, targeting $4 billion in annual revenue from its Global High Tech business by 2030.
Smruthi Nadig ·
NIIT Brings StackRoute, RPS Consulting Under New Enterprise Tech Business
The move aims to address changing enterprise talent needs by helping organisations build future-ready technology talent and manage large-scale workforce transformation.
Novinston Lobo ·
Bihar Partners With Google, Microsoft, CoRover, Sarvam AI for AI-Driven Governance
The Bihar government is in the final stages of drafting its own Artificial Intelligence Policy.
Shalini Mondal ·
HCLTech Bags $1.14 Bn Mega AI Deal from Fortune Global 50 European Firm
HCLTech’s six-year contract, which runs until December 2031, includes the transformation and management of the client's global digital workplace and enterprise networks.
Ajay Rag ·
NVIDIA Introduces Revenue-Sharing Model for AI Cloud Partners
NVIDIA says the initiative will help AI companies access large-scale computing without waiting for new infrastructure to be built.
Siddharth Jindal ·
Microsoft Invests $2.5 Bn to Launch Frontier Company to Help Businesses Deploy AI
Microsoft also named Rodrigo Kede Lima as President of the Frontier Company.
Siddharth Jindal ·
Skyroot Sets Date for Vikram-1 Orbital Test Flight from Sriharikota
Skyroot Aerospace’s Mission Aagaman will test India’s first privately developed orbital rocket and gather flight data for future launches.
Sanjana Gupta ·
MeitY Directs WhatsApp to Halt Username Rollout in India
WhatsApp said the feature is not yet live and includes safeguards against impersonation, but the government wants further consultations before any launch.
Siddharth Jindal ·