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Powered by Intel, SoftBank Plays the OpenAI Long Game

Powered by Intel, SoftBank Plays the OpenAI Long Game

Despite a $20 billion OpenAI investment in the last few months, it was Intel that delivered the biggest boost to SoftBank’s quarterly investment gains.

29 days ago

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Karnataka Eyes Anthropic Partnership to Bring AI Into Public Services

Karnataka Eyes Anthropic Partnership to Bring AI Into Public Services

The discussions included plans for an AI University, Claude certification programmes and hosting government data within Karnataka.

29 days ago

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Anthropic Could Build Custom AI Chips for Claude Models, Job Listing Suggests

Anthropic Could Build Custom AI Chips for Claude Models, Job Listing Suggests

Anthropic recently relaunched its most capable AI model yet, Claude Mythos, which offers cybersecurity capabilities, along with Claude Fable 5. With the rising demand for AI models, the US-based AI giant could be looking to foray into a new category, as it has started hiring engineers for its Reinforcement Learning team, which will be responsible for designing custom AI chips in-house. A company spokesperson has reportedly confirmed the development as well. The AI chips are said to enhance the performance of Claude AI models. Anthropic is also reportedly in talks with Samsung about manufacturing its chips.

29 days ago

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JLL Opens Hyderabad GCC, Plans to Scale to 1,600 Employees

JLL Opens Hyderabad GCC, Plans to Scale to 1,600 Employees

The new facility marks JLL Business Services’ second India hub after Gurugram.

29 days ago

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AI4Bharat Wants to Test Every AI Claim India Makes

AI4Bharat Wants to Test Every AI Claim India Makes

“With AI systems becoming more deeply integrated into society, rigorous evaluation becomes as important as model development itself.”

29 days ago

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Indian IT Stocks are Booming Again—And it Has Nothing to Do With Indian IT

Indian IT Stocks are Booming Again—And it Has Nothing to Do With Indian IT

Indian IT stocks are surging, but analysts warn the rally is running well ahead of the fundamentals.

29 days ago

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Google Reshuffles AI Leadership as Demis Hassabis Takes Alphabet Chief Scientist Role

Google Reshuffles AI Leadership as Demis Hassabis Takes Alphabet Chief Scientist Role

The restructuring comes as the company doubles down on Gemini, AGI research and AI-powered products used by nearly a billion people each month.

29 days ago

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Jeff Dean, Sanjay Ghemawat Exit Google, Launch AI Startup to ‘Accelerate Discoveries’

Jeff Dean, Sanjay Ghemawat Exit Google, Launch AI Startup to ‘Accelerate Discoveries’

The new venture will use frontier AI models to automate experimental workflows across machine learning, science, and engineering.

29 days ago

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Meta Launches Muse Code Beta With Muse Spark 1.2 for AI Coding

Meta Launches Muse Code Beta With Muse Spark 1.2 for AI Coding

The release brings a coding-focused AI model trained for debugging, repository-scale development and long-running software engineering workflows.

29 days ago

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But What If Meta Had Not Apologised to Modi?

But What If Meta Had Not Apologised to Modi?

Section 79 of the IT Act, 2000 exempts platforms such as Meta, Google, and X from being treated as publishers of what billions of users post on their platforms.

29 days ago

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Big Tech’s Multi-Billion AI Infrastructure Bet Has an Achilles’ Heel

Big Tech’s Multi-Billion AI Infrastructure Bet Has an Achilles’ Heel

Microsoft, Google, and Amazon are set to invest up to $615 billion in AI infrastructure this year as enterprise demand continues to outpace available cloud capacity.

29 days ago

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Klaviyo acquires Elias Torres’ Agency in full-circle reunion for tech founders

Klaviyo acquires Elias Torres’ Agency in full-circle reunion for tech founders

Publicly traded e-commerce marketing automation platform Klaviyo has agreed to acquire Agency, a three-year-old AI-powered customer success startup founded by serial entrepreneur Elias Torres. The terms of the deal were not disclosed. Founded in 2023,Agencyhad raised $32 million from investors, including Sequoia, Menlo Ventures, and Felicis prior to the acquisition. As part of the deal, Torres (pictured left) will join Klaviyo as chief product officer, leading Agency’s 25-person team to accelerate the development and expansion of Klaviyo’s AI agents: Composer, which builds marketing campaigns, and Customer Agent, which handles post-sale support like returns and order tracking. “Elias and the team built a great product with Agency,” Klaviyo co-founder and CEO Andrew Bialecki (pictured right) told TechCrunch. “We’re going to take that and combine it with our agent products and try to bring that to 200,000 businesses — and hopefully to millions more over the next couple of years.” For Torres, joining Klaviyo brings his career full circle. He is no stranger to M&A exits, having co-founded Performable (acquired by HubSpot in 2011) and later Drift, where he served as CTO for eight years until its $1.2 billionsale to Vista Equityin 2021. Back in 2010 at Performable, Torres hired Bialecki, who had graduated from Harvard two years earlier, as one of that startup’s first engineers. Torres mentored Bialecki on early-stage startup dynamics. “He soaked it up in a short amount of time,” Torres recalled of their time working together. Bialecki co-founded Klaviyo, which he initially bootstrapped, shortly after leaving Performable. When Klaviyo raised its first outside capital in 2015, Bialecki invited Torres to back the seed round as an angel investor.Klaviyo went on to complete a high-profile IPO in September 2023 at a$9.2 billionvaluation. While Klaviyo’s stock has taken a hit alongside other SaaS companies, Torres and Bialecki believe the platform’s years of customer data give its AI agents an advantage over competitors like Decagon and Sierra. “Elias and I coalesced on the mission of how we provide agents for businesses that they can give to their customers,” Bialecki said, adding that he is excited to work with Torres again, as he did at the beginning of the cloud era. “It’s the next Big Tech revolution: agents. Let’s get the band back together, and let’s go build.”

29 days ago

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