Alphabet’s Google is in talks to invest hundreds of millions of dollars in Character.AI, as the fast-growing artificial intelligence chatbot startup seeks capital to train models and keep up with user demand, two sources briefed on the matter told Reuters. The investment, which could be structured as convertible notes, according to a third source, will … Read more
Amazon.com on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. The cuts affect several hundred employees working on Alexa, according to the email. A spokeswoman declined to elaborate on exactly how many were affected. “We’re shifting some of our … Read more
Aye Finance, a new-age non-banking financial company (NBFC) focused on micro, small and medium enterprises (MSMEs), has secured €15 million (about ₹137 crore) in debt funding through the external commercial borrowing route. Backed by Capital G (Google parent Alphabet’s investment arm), Aye Finance says the capital infusion will strengthen its efforts to provide financial support … Read more
Apple, Alphabet’s Google and Meta Platforms will be investigated for potential breaches of the EU’s new Digital Markets Act, European antitrust regulators said on Monday, potentially leading to hefty fines for the companies. The European Union law, effective from March 7, aims to challenge the power of the tech giants by making it easier for … Read more
India’s government on Friday warned social media firms including Facebook and YouTube to repeatedly remind users that local laws prohibit them from posting deepfakes and content that spreads obscenity or misinformation, two sources told Reuters. The warning was conveyed by deputy IT minister Rajeev Chandrasekhar in a closed-door meeting where he said many companies had … Read more
Amazon.com on Tuesday announced a new artificial intelligence chip for its cloud computing service as competition with Microsoft to dominate the market for artificial intelligence heats up. At a conference in Las Vegas, Amazon Web Services (AWS) Chief Executive Adam Selipsky announced Trainium2, the second generation of chip designed for training AI systems. Selipsky said … Read more
The US Department of Justice and 15 states on Thursday sued Apple as the government cracks down on Big Tech, alleging the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices. Apple joins competitors sued by regulators, including Alphabet’s Google, Meta Platforms and Amazon.com across the administrations of both former President … Read more
Alphabet’s Google will pay $700 million (roughly Rs. 5,819 crore) and revamp its Play app store to allow for greater competition as part of an antitrust settlement with US states and consumers, according to the company and filings in San Francisco federal court on Monday. Google will pay $630 million (roughly Rs. 5,238 crore) into a settlement … Read more
Alphabet’s Google is set to go before a federal jury in Boston on Tuesday in a trial over accusations that processors it uses to power artificial intelligence technology in key products infringe a computer scientist’s patents. Singular Computing, founded by Massachusetts-based computer scientist Joseph Bates, claims Google copied his technology and used it to support … Read more
Nvidia was on the verge of overtaking Alphabet as Wall Street’s third most valuable company on Tuesday as the dominant AI chipmaker ended the day with a market capitalization above Amazon’s for the first time in two decades. Nvidia’s shares slipped 0.17%, leaving its stock market value at $1.78 trillion, eclipsing Amazon’s $1.75 trillion value … Read more