All articles by Shivam Mishra
Shivam Mishra
China launches $8.2bn AI investment fund as US tightens trade controls
The fund, named the National AI Industry Investment Fund, was incorporated in Shanghai.
TCS opens new AI-driven delivery centre in France
The new facility will utilise technologies such as AI, generative AI, machine learning, and data analytics to support customers in aerospace and related industries.
OpenAI’s o3 mini AI model is set for launch
The company announced it was testing advanced reasoning models, o3 and o3 mini, designed to address more complex tasks compared to earlier iterations.
Starboard Value acquires 7.7% stake in chipmaker Qorvo
The acquisition comes as Qorvo grapples with stiff competition and slowing orders for its smartphone chips.
IBM to buy Oracle consultancy, and partner with L’Oréal
The acquisition aims to enhance IBM’s Oracle solutions across North America, the UK, and Ireland, addressing complexities in public sector cloud transformations.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
China launches probe into US chip subsidies
The probe reflects Beijing’s response to US restrictions on China’s semiconductor industry.
Accenture and Telstra to form data and AI joint venture
The JV will be 60% owned by Accenture and 40% by Telstra, an Australian technology and telecommunications company.
Synthesia secures $180m for AI video expansion
London-based Synthesia’s platform uses generative AI software to create avatars for various enterprise video content purposes.
Microsoft pauses hiring in US consulting unit
In addition, the consulting unit plans to reduce its marketing and nonbillable external resource spending by 35%.
Meta to lay off 5% of workforce amid AI investments
By September 2024, Meta’s workforce stood at approximately 72,000 employees, meaning a 5% cut could impact around 3,600 positions.