AI News
Reporting, analysis and features from AIM's AI News section.
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 ·
MiniMax CEO Gives Up Salary Until AGI as Company Announces $2 Bn Funding
He also committed to transferring shares equivalent to 4% of the company’s total equity from his personal holdings over the next four years to reward long-term employees.
Supreeth Koundinya ·
OpenAI Kills Atlas
Instead of maintaining Atlas as a separate application, OpenAI is moving those browser capabilities into ChatGPT Work.
Supreeth Koundinya ·
India's AI-Led E-commerce Market to Touch $250 Bn by 2030: Shiprocket-Deloitte Report
AI, vernacular commerce, and rising adoption in smaller cities are fuelling the rise of India's e-commerce market.
Smruthi Nadig ·
OpenAI Launches ChatGPT Work Powered by GPT-5.6 for Enterprise Workflows
The launch marks OpenAI's biggest push yet to turn ChatGPT into a workplace productivity platform with connected apps and AI agents.
Siddharth Jindal ·
Open-Source AI Platform Ollama Raises $65 Mn in Series B Funding
Ollama’s total funding now stands at $88 million.
Supreeth Koundinya ·
Meta Launches Muse Spark 1.1 Challenges GPT-5.5 & Opus 4.8
Meta also introduced the Meta Model API in public preview, allowing developers to build applications using Muse Spark models for the first time.
Siddharth Jindal ·
Elon Musk says He Was ‘Clearly Wrong’ About Anthropic, Calls it the AI Leader
Musk praised Anthropic’s Mythos and Fable models and said he would not use SpaceXAI’s infrastructure advantage to hurt the company despite competing in the AI race.
Siddharth Jindal ·
After Medical Leave, OpenAI Applications CEO Fidji Simo Steps Down to Focus on Recovery
She said she will continue contributing to OpenAI as an adviser while supporting AI-driven healthcare initiatives through Chronicle Bio and Coda Research.
Siddharth Jindal ·
Kerala Software Co IBS Group Unveils Travel-Tech AI Firm, Plans $500 Mn Investment
IBS Group has launched Naviq Technology, an AI company targeting airlines, airports and hospitality firms, with hiring under way in Kochi.
Novinston Lobo ·
Cognizant to Train 15,000 Forward Deployed Engineers Under Frontier Workforce Model
Cognizant plans to build a workforce of 5,000 Frontier Certified Engineers and 10,000 Frontier Business Operators by the end of 2026.
Ajay Rag ·
TCS' AI Business Crosses $2.6 Bn Run Rate as Q1 Revenue Jumps 14% YoY
TCS secured a net profit of ₹13,349 crore, a decline of 2.7% sequentially, and its operating margin also declined to 24% from 25.3% a quarter ago.
Ajay Rag ·
Govt to Study AI’s Impact on GCC Growth as India Bets on Higher-Value Roles
MeitY Secretary and the Chief Economic Adviser say AI could reshape work but need not weaken India’s GCC opportunity.
Sanjana Gupta ·
Federal Official Mentions Cognizant as US Intensifies H-1B Fraud Probe
“We have whistleblowers talking about some of the biggest companies like Cognizant who have been in chatter of issues with PERM and H-1B Visas.”
Ajay Rag ·
SpaceXAI Launches Grok 4.5, Narrows Gap with GPT 5.5 and Opus 4.8
SpaceXAI has priced Grok 4.5 at $2 per million input tokens and $6 per million output tokens.
Siddharth Jindal ·
Mistral Bets on Physical AI With 8 Bn Parameter Autonomous Robot Navigation Model
French AI startup Mistral expands into robotics with Robostral Navigate, an 8B navigation model that enables autonomous movement using a single camera.
Smruthi Nadig ·
Semiconductor Fabs to Benefit as Govt Scraps Import Duty on Critical Electronic Components
The waiver of basic customs duty covers essential inputs such as capital goods and equipment for producing lithium-ion cells, including machinery to enhance domestic production.
Smruthi Nadig ·