Mythic, which tapped Nvidia veteran Taner Ozcelik as its chief executive officer last year, raised the money from a group led by venture firm DCVC
AI has the potential to boost productivity in India’s small businesses, helping lift millions out of low-wage cycles and contributing to higher, more inclusive economic growth across the country
The potential deal comes at a time when OpenAI is laying the groundwork for an initial public offering that could value the company at up to $1 trillion
The report says that nearly one in four leaders admitted they had held back from proposing or leading AI projects because of fear of failure or negative feedback.
The 105-year-old group said SCALE will focus on skilling students and professionals for emerging technologies, with a strong emphasis on AI, advanced manufacturing and GCC requirements.
Clients are facing ‘PoC fatigue’, as success rates of PoC to AI still remains 17-20 per cent, Avinash Joshi, MD, India, NTT DATA tells Moneycontrol
The model has been released publicly on Hugging Face, allowing startups and enterprises to build applications without licensing restrictions
AI is about optimising business processes at an enterprise level. Without process and data maturity, GCCs cannot transition to AI-led operations, Dinesh Jain, who leads GCC engagements at Genpact, tells Moneycontrol
And what this test tells us about the artificial intelligence wave
The IT ministry backs DPIIT’s hybrid AI copyright model, calling for broad training access with revenue-linked compensation and safeguards to limit disputes
The company plans to invest 7.5 billion yuan ($1.1 billion) of 'idled funds,' equal to about 90% of the proceeds from its initial public offering
With the AI frenzy fading and India’s stock valuations falling back near their five-year average after sharply trailing peers this year, the consumption-driven economy is back in favor
According to the University’s Global AI Vibrancy Tool’s Visual Capitalist chart, India came in at the third position with a score of 21.59, behind top two AI nations US (78.6) and China (36.95)
It was carefully crafted as a response to India's digital ambitions, talent pool, and policy environment, amid fierce competition from rivals like Google and Amazon.
The shares slid as much as 8.3% after markets opened in New York Friday, their biggest intraday drop since April 10
Beyond the two largest hubs, Delhi-NCR, which holds 18% of India’s AI talent and 12% of job postings, shows a relatively balanced market.
A recent analysis prepared by a leading global technology company, reviewed by Moneycontrol, warns that the proposal risks slowing down innovation.
Oracle’s stock had already lost about a third of its value through Wednesday’s close since a record high on Sept. 10. Meanwhile, a measure of Oracle’s credit risk reached a fresh 16-year high.
India’s AI skill penetration is now 2.5 times the global average and talent concentration rising 252 percent between 2016-2024, a rate that outpaces the US, Germany, and the UK.
IT giants Cognizant, Infosys,TCS and Wipro expand Microsoft Copilot rollout to above 2,00,000 lakh licences
Management has ruled out entering any new verticals, geographies, or service lines for the next three to five years.
Meta’s strategy shifted dramatically earlier this year after the company released Llama 4, an open-source model that disappointed Silicon Valley and Zuckerberg
Microsoft's investment is aimed squarely at accelerating AI adoption, while Amazon's plans are broader, including business expansion and export-led growth
The US e-commerce giant will invest in areas such as artificial intelligence and logistics infrastructure, it said in a statement
AI's explosive growth is driving an unprecedented energy crisis, with data centres projected to consume up to 20% of global electricity by 2035 as tech giants scramble for nuclear solutions.