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OpenAI announces AI-powered search tool SearchGPT

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OpenAI on Thursday said it is selectively rolling out SearchGPT, an artificial intelligence-powered search engine with real time access to the information from the Internet.

Tech Mahindra Q1 profit up 23% to Rs 851 crore, revenue down

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IT services company Tech Mahindra on Thursday reported 23% year-on-year (YoY) growth in its consolidated net profit at Rs 851 crore in the June quarter. The profit was slightly below the Street estimate of Rs 870 crore.

China is closing the AI gap with the United States

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While the United States has had a head start on AI development, China is catching up. In recent weeks, several Chinese companies have unveiled AI technologies that rival leading American systems. And these technologies are already in the hands of consumers, businesses and independent software developers across the globe.

Elon Musk says Tesla board to discuss $5 billion xAI investment

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Earlier this week, Musk asked X users in a poll whether they agreed a deal was a good idea. After more than two-thirds of respondents voted affirmatively, the CEO said Thursday it looks like “the public is in favor” and that the EV maker would consider the matter.

ER&D firm Cyient's Q1 profit declines 23.8% to Rs 144 crore

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Unlike the previous quarter when the firm saw deal wins from Airbus and Deutsche Aircraft, the ER&D (engineering and research and development) firm’s revenue was impacted by greater-than-anticipated delays and right shifts in project execution in the connectivity segment. Its Q1 revenue was down 0.6% YoY and 9.9% sequentially at Rs 1,675.7 crore.

D2C luggage brand Nasher Miles raises $4 million in bridge round

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The money came from the Singularity Early Opportunities Fund, Narendra Rathi of the SoftBank Vision Fund, and Sulabh Arya of Goldman Sachs Growth Equity, among others. The deal was done at a valuation of $30 million post-money.

AI cloud provider SMC plans global rollout, CEO says

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The startup, a partner of AI chip giant Nvidia, already operates what it calls “sustainable AI factories” in Australia and Singapore and is set to launch in India and Thailand.

The lower the AI exposure, the bigger the problem for Europe's chip firms

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Chip component suppliers like ASML and ASM International are more exposed to the booming AI chip market and demand from high-end tech clients like Nvidia, TSMC, and Intel.

AI cloud provider SMC plans global rollout: CEO Tim Rosenfield

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The startup, a partner of AI chip giant Nvidia, already operates what it calls “sustainable AI factories” in Australia and Singapore and is set to launch in India and Thailand.

Unimech Aerospace raises Rs 250 crore led by Steadview Capital, others

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Bengaluru-based Unimech Aerospace has raised Rs 250 crore in a funding round led by Steadview Capital and others. The startup said it will use the capital to further organic and inorganic growth and enhance its strategies and operations.