Kumail Bukhari

Oracle commits $3 billion for AI, cloud expansion in Europe

Oracle commits $3 billion for AI, cloud expansion in Europe

15 Jul 2025, 18:28 PM

Of the total investment, $2 billion will be directed towards Germany and $1 billion allocated to the Netherlands.

Fractal Analytics raises $170 million via secondary share sale ahead of IPO

Fractal Analytics raises $170 million via secondary share sale ahead of IPO

15 Jul 2025, 18:01 PM

As part of the transaction, existing investor Apax Partners sold a 6% stake in the company to a consortium of 22 institutional investors.

LG introduces South Korea

LG introduces South Korea's first hybrid AI model

15 Jul 2025, 14:13 PM

This development represents LG's second major AI milestone this year, building upon the March release of EXAONE Deep, which became South Korea's first reasoning AI model.

Cognition to buy Windsurf after Google

Cognition to buy Windsurf after Google's reverse-acquihire $2.4 billion deal

15 Jul 2025, 13:39 PM

Cognition said that the acquisition includes Windsurf’s IP, product, trademark and brand, and strong business without revealing the financial transactions.

Meta

Meta's Zuckerberg commits hundreds of billions for AI data centers

15 Jul 2025, 13:18 PM

The first facility named Prometheus is expected to become operational in 2026.

Nvidia set to resume H20 AI chip sales to China

Nvidia set to resume H20 AI chip sales to China

15 Jul 2025, 12:19 PM

The US government has assured Nvidia that licenses for the H20 AI chips will be granted, and it hopes to start deliveries soon, it said in a blog post.

OpenAI

OpenAI's open model launch to take longer than expected

14 Jul 2025, 10:10 AM

The open source model space has become competitive with a string of AI startups in the US and China bracing to launch their own models.

iyO sues ex-staff after targeting OpenAI, Jony Ive

iyO sues ex-staff after targeting OpenAI, Jony Ive

12 Jul 2025, 15:57 PM

The company has alleged breach of contract and misappropriation of trade secrets against Dan Sargent by sharing information with another io co-founder, Tang Yew Tan.

Google hires Windsurf AI talent in $2.4 billion licensing deal

Google hires Windsurf AI talent in $2.4 billion licensing deal

12 Jul 2025, 12:27 PM

The acquisition marks a significant victory for Google over rival OpenAI, which previously held $3 billion acquisition talks with Windsurf.

xAI reportedly eyes fresh funding at $170-$200 billion valuation; Musk denies

xAI reportedly eyes fresh funding at $170-$200 billion valuation; Musk denies

12 Jul 2025, 12:19 PM

The Saudi Arabian sovereign wealth fund, the Public Investment Fund, is expected to pick a significant stake in the round.

Meta acquires voice AI startup PlayAI in talent push

Meta acquires voice AI startup PlayAI in talent push

12 Jul 2025, 12:17 PM

The team will operate under Johan Schalkwyk, a recent Meta hire, who previously led voice AI company Sesame AI.

Fintech Highlights

  1. Insurtech platform Plum sets up health vertical

  2. EximPe gets in-principle licence to operate as cross-border payment aggregator

  3. PayU India secures Rs 302 crore investment from parent firm

  4. IPO-bound PhonePe ropes in former Meta India public policy head Shivnath Thukral

  5. Smallcase operating revenue jumps 57% to Rs 106 crore in FY25
  6. Read more highlights...

AI/Emerging Tech

  1. Oracle commits $3 billion for AI, cloud expansion in Europe

  2. Fractal Analytics raises $170 million via secondary share sale ahead of IPO

  3. LG introduces South Korea's first hybrid AI model

  4. Cognition to buy Windsurf after Google's reverse-acquihire $2.4 billion deal

  5. Meta's Zuckerberg commits hundreds of billions for AI data centers
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case