Shareholders of Indian media giant Zee Entertainment Enterprises Ltd. approved a promoter group fund infusion worth INR3143.5 crore ($330 million) and a new employee stock option plan at an extraordinary general meeting, a day before India’s securities regulator barred the company and two of its top executives from the market. The Mumbai-headquartered media and technology
Microsoft kept its capital spending forecast unchanged on Wednesday, becoming one of the first data center giants to maintain control of the industry’s rampant AI spending. Shares rose about 8% on the news. Earlier this year, the company said it planned to spend $190 billion on capital expenditures this calendar year. On Wednesday’s earnings call,
AI infrastructure company Infinity on Monday announced a $15 million raise at a $100 million valuation from investors including Touring Capital, Principal VC, and researchers at companies like OpenAI and Anthropic. The startup is creating software to make it easier for AI chips to run AI models. A big reason why Nvidia became the top
When de-extinction startup Colossal Biosciences revealed last year that it was attempting to “resurrect” the dire wolf from genetic material found in fossils, we argued that, despite the controversy surrounding the project, the company was building valuable technologies that justify its $10.2 billion valuation. Now, about 16 months later, the startup is in talks to
Russia has carried out a wave of ballistic missile attacks against the Ukrainian capital kyiv, killing one person and wounding at least 14, authorities say. Several areas in the region were affected overnight. Ukrainian President Volodymyr Zelensky called it “one of the most massive ballistic attacks on kyiv” since the start of Russia’s full-scale invasion.
Technology companies like Google have set up important offices in London.Credit: Tim Robberts/Getty When Mythos, an artificial intelligence model from US firm Anthropic, was rolled out to a limited group of companies earlier this year, rumors quickly circulated about the system’s hacking capabilities and cybersecurity threats. True clarity about the power of the model came
