AI News
Reporting, analysis and features from AIM's AI News section.
Salesforce’s Anthropic Stake Reaches $5 Bn Ahead of AI Startup’s IPO Filing
The company confidentially filed for an IPO on June 1, setting the stage for one of the most closely watched public offerings in the AI sector.
Siddharth Jindal ·
Alphabet Plans $80 Bn Capital Raise as AI Demand Outpaces Supply
Berkshire Hathaway has also agreed to invest $10 billion in the company through a private placement.
Siddharth Jindal ·
Cognizant Introduces Frontier Engineer, Business Operator Roles for AI-Powered Enterprises
The company estimates a $4.5 trillion gap between AI’s potential and the results enterprises are currently achieving.
Siddharth Jindal ·
Zoom Launches AI Assistant ZoomMate to Turn Meetings Into Actions
ZoomMate can search enterprise data, automate workflows, generate presentations and reports and perform actions across platforms such as Salesforce, Jira, Slack, ServiceNow, Google Workspace and Microsoft tools.
Prachi Pradhan ·
Wipro to Raise Stake in Insurtech Firm Aggne to 80% with $28.5 Million Buyout
Wipro will acquire an additional 20% stake in Aggne Global Inc., taking its holding to 80%, as it deepens its push into AI-led transformation services for the insurance sector.
Ajay Rag ·
Snowflake, Anthropic Expand Cortex AI to Push Agentic AI into Enterprise Core
The expanded partnership will support a range of enterprise use cases using Claude tools within Snowflake’s ecosystem.
Prachi Pradhan ·
Anthropic Files for IPO, Eyes Public Market Debut
Backed by Amazon and Google, the AI startup is valued at $965 billion and has emerged as one of OpenAI’s biggest rivals.
Siddharth Jindal ·
Figma Brings Local Code Editing to its AI Suite
New Figma Make update lets teams edit production code and collaborate without leaving the platform.
Sanjana Gupta ·
India Tech Hiring Hits 28-Month Low as Active Job Demand Falls 17% YoY
Tech sector openings have dropped to 93,000, marking the steepest monthly decline in a year amid US uncertainty, according to Xpheno.
C P Balasubramanyam ·
Canada’s CIBC, Swiss Nestlé Pick Hyderabad for New GCCs
Hyderabad today hosts over 450 GCCs, employing more than 1.35 lakh professionals, while housing firms such as JPMorgan Chase, Goldman Sachs, Vanguard, Wells Fargo, HSBC, and more.
Sanjana Gupta ·
Karnataka Forms Quantum Task Force to Drive State’s Quantum Technology Ambitions
The 16-member panel will guide policy, infrastructure development, and ecosystem growth as Karnataka seeks to establish itself as India’s leading quantum technology hub.
Shalini Mondal ·
Persistent Expands Europe Footprint as AI Modernisation Demand Rises
Persistent Systems will add more than 90 engineers from Estonia-based IT consulting firm, Concise, expanding its Eastern European delivery network.
Ajay Rag ·
[Exclusive] UIDAI CEO to Also Lead IndiaAI Mission
The CEO of the Unique Identification Authority of India (UIDAI), Saurabh Vijay, will also take charge as the CEO of the IndiaAI Mission.
Mohit Pandey ·
Bellatrix, South Korean TelePIX Set Sights on VLEO Satellite Launch by 2028
The collaboration seeks to address growing demand for high-resolution Earth observation data across sectors such as defence, environmental monitoring, and disaster response.
Sanjana Gupta ·
AI Coding Startup Cursor to Hire 200 Across Asia-Pacific in Major Expansion Push
The company plans to strengthen its presence in Asia-Pacific by adding 200 employees and expanding operations in Singapore, Japan, Australia and India, while also launching a new office in London.
Prachi Pradhan ·
Windows PCs Enter the Agentic Era with NVIDIA RTX Spark
The company partnered with MediaTek to develop the Arm-based CPU powering RTX Spark.
Siddharth Jindal ·
NVIDIA Releases Open Source AI Models Built for the Physical World
Cosmos 3 combines physical reasoning, world modelling and action generation in a single architecture.
Supreeth Koundinya ·
Hitachi Energy India Aims for 30% Boost in Data Centre Growth with ‘Grid-to-Rack’ Solution
The power solution will enhance energy supply for data centres and increase the market size for power infrastructure spending by 10-15%.
Smruthi Nadig ·
Intel, 3DGS Explore Advanced Semiconductor Packaging Facility in Odisha
The proposed project could position Odisha as a major hub for semiconductor manufacturing, advanced packaging, AI infrastructure, and next-generation data centres.
Shalini Mondal ·
SoftBank Announces Plan to Build 5 GW of AI Data Centre Capacity in France
The initial phase includes a €45 billion investment to establish 3.1 GW of AI data centre capacity in the Hauts-de-France region.
Smruthi Nadig ·