AI News
Reporting, analysis and features from AIM's AI News section.
Labour Code Hits Firstsource’s Q3 Profits, Deal Momentum Stays Strong
One-time labour code impact dented Firstsource's PAT, even as revenue jumped 16.2% YoY.
C P Balasubramanyam ·
Adobe to Retire Animate After 25 Years to Focus on AI
Adobe said the product had served its purpose well for developing the animation ecosystem.
Pallavi Chakravorty ·
Google Cloud, Liberty Global Enter a 5-Year AI Partnership
The collaboration aims to help simplify operations and improve customer experiences across markets.
Pallavi Chakravorty ·
SoftBank’s SAIMEMORY, Intel Partner to Launch Next-Gen Memory by 2029
The effort will support “the strengthening of Japan’s global competitiveness”.
Sanjana Gupta ·
Sarvam AI Launches Sarvam Audio ASR Model for 22 Indian Languages
The firm reported lower word error rates than GPT-4o-Transcribe, Gemini 3 Flash in some benchmarks.
Mohit Pandey ·
Waymo Hits $126 Bn Valuation as Alphabet Leads $16 Bn Cash Injection
The valuation of Waymo, Alphabet's self-driving subsidiary, has nearly tripled over the last two years.
Pallavi Chakravorty ·
OpenAI Launches Codex Desktop App, Brings Multi-Agent Workflows to macOS
Usage is included with eligible ChatGPT subscriptions, with additional credits available for purchase.
Siddharth Jindal ·
SpaceX Acquires xAI in Deal Valuing Firm at Combined $1.25 Tn
SpaceX plans to launch a large constellation of satellites that would function as space-based data centres.
Siddharth Jindal ·
Snowflake, OpenAI Ink $200 Mn Deal to Deploy AI Agents for Enterprises
The partnership will support the development of custom AI agents that can reason over enterprise data and take action across applications.
Siddharth Jindal ·
Khaby Lame’s $900 Million AI Avatar Deal Sends Stock Up 650% Before Sharp Fall
Rich Sparkle’s stock surge reflects hype, not revenue; execution risks remain high, Forbes reports.
Merin Susan John ·
Karnataka Announces Bengaluru GAFX 2026 Summit for AVGC & Creative Technologies Industry
The AVGC CoE has executed over 200 projects across domestic and international markets.
Shalini Mondal ·
Out of 10 Popular Agentic AI Frameworks, 0 are Foolproof, Finds IIIT Hyderabad Prof
A review of general-purpose projects showed memory, security and observability gaps persist with AI agents.
C P Balasubramanyam ·
Digantara, Singapore’s DSTA Partner to Build Satellite Tracking Tools
The partnership answers a growing need to track satellites safely in congested orbits.
Sanjana Gupta ·
AI-Led Agritech, High-Value Crops to Boost Farmer Incomes: Budget 2026
The Budget aims to integrate technology and value chains to enhance rural productivity and incomes.
Merin Susan John ·
No Change in Income Tax Slabs, Share Buybacks to be Taxed as Capital Gains
In Budget 2026, finance minister Nirmala Sitharaman focused on tariff simplification and energy transition.
Novinston Lobo ·
₹1.4 Lakh Cr for Education, AVGC Labs in 15,000 Schools: Budget 2026
Budget 2026 did not address the demand of edtech companies to reduce GST on online education services.
Merin Susan John ·
Union Budget 2026 Allocates ₹1,000 Crore for IndiaAI Mission
Ashwini Vaishnaw said India will eventually develop 12 foundational AI models, each with 50-120 billion parameters.
Siddharth Jindal ·
Budget 2026: Govt Revises ECMS Outlay to ₹40,000 Cr, Allots ₹1,500 Cr This Year
While allocation for semiconductors rose to ₹8,000 crore, the PLI scheme dropped from ₹9,000 crore to ₹1,527 crore.
Sanjana Gupta ·
Govt Offers Massive Tax Holiday Till 2047 for Big Tech to Open Data Centres in India
India currently generates nearly 20% of the world’s data but hosts only about 3% of global data centres.
Siddharth Jindal ·
FM Budgets ₹10,000-Cr for Biopharma Mission, Offers Relief on Cancer Drugs
Budget 2026 focused on biopharma manufacturing, medical tourism and healthcare skilling.
Merin Susan John ·