Latest AI News
Mphasis Partners With ISB to Set Up AI Hub, Commits ₹20 Cr
Mphasis, through its foundation arm, will fund a new AI hub to drive applied research, policy insights, and responsible AI adoption.
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Indian Developers Don’t Trust AI Code. This GCC Wants to Change That
Indian engineering teams spend more time checking AI-generated code even as software supply chain risks grow.
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Google Is Bringing AI Studio to Android Smartphones, Will Let Users Vibe Code Apps
Google AI Studio, over the years, has become a fun place for developers and artificial intelligence (AI) enthusiasts to test out new models and features, or to build vibe-coded apps using application programming interface (API) keys. But now the Mountain View-based tech giant is increasing its usability and targeting general users with a new development. The AI Studio platform is being introduced as an Android app, with the main draw being the ability to generate tools, trackers, and apps from natural language prompts.
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Rupee's Fall Cushions Indian IT, But it Won't Win New Contracts
With the rupee at a historic low against the dollar, it is expected to boost Indian IT margins. However, analysts say that is a narrow read.
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SpaceX Files for Blockbuster IPO, Targets $28.5 Tn Market Opportunity
SpaceX plans to trade on the Nasdaq under the ticker symbol ‘SPCX.’
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43% of Enterprise AI Initiatives May Fail as Firms Rush Deployments, Says HCLTech Report
As enterprises race to deploy AI at scale, nearly half of large AI initiatives risk failure due to weak governance, legacy systems and poor workforce readiness, according to the report.
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Acceldata Launches Hybrid-Native Platform for Enterprise AI
Acceldata launched the platform to help enterprises run AI and analytics across distributed data environments.
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Work at a Startup? Your Job is Far More Prone to Layoffs Than You Think
The Industrial Relations Code has raised the headcount threshold for startups and MSMEs to unilaterally conduct layoffs from 100 to 300 employees.
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Hexaware to Acquire Consulting Firm CPS to Deepen AI, Cloud Transformation Push
The move is aimed at deepening Hexaware’s presence in high-value financial services transformation projects and expanding its advisory-led enterprise business.
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Scapia Raises $63 Mn Led by General Catalyst to Build AI-First Capabilities
Scapia will direct the capital towards customer acquisition, product development, and building what it describes as an AI-first organisation.
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Anthropic to Pay SpaceX $1.25 Bn Per Month, Hits $10.9 Bn Quarterly Revenue
OpenAI is preparing to confidentially file draft IPO paperwork in the coming weeks.
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Anthropic will pay xAI $1.25B per month for compute
Earlier this month, Anthropicsurprised the AI worldwith a deal to buy 300 megawatts’ worth of compute — securing the entire output of the Colossus 1 data center near Memphis, Tennessee. Turns out, compute at that scale isn’t cheap. Anthropic will be paying xAI $1.25 billion per month through May 2029, with a discounted rate for the first two months as xAI completes its ramp-up. All told, the deal could bring xAI over $40 billion in revenue. Details of the transaction emerged from SpaceX’s S-1 filing with the SEC. The deal, the company said, “allows us to monetize unused compute capacity in our infrastructure.” The terms of the deal allow either side to terminate the contract with 90 days’ notice. “We expect to enter into additional similar services contracts,” the filing stated. The move has given xAI a hybrid stance in the AI market. Most players either build data centers for themselves or build data centers for others to use — rarely both simultaneously. This emerging model, sometimes called a “neocloud,” lets AI companies offset infrastructure costs by acting as a cloud provider when their own usage falls short of capacity. SpaceX argues the arrangement is a savvy use of resources. “We believe our dual monetization strategy provides multiple pathways to generate returns on invested capital,” it wrote. But the subtext is hard to miss: xAI appears to have overbuilt its compute capacity and needed to find a way to monetize it ahead of a public offering. Usage of Grok — xAI’s flagship AI assistant — hasdropped significantlyin recent months, freeing up servers that the company is now selling to one of its closest competitors.
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