Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an indu…
Stripe wants a foothold in AI, and it is willing to pay dearly for it. The payments company is in talks to buy OpenRouter for about $10 billion, the Wall Street Journal reported. That is a staggering price for a startup valued at just $1.3 billion in M…
Dassault Systèmes is one of Europe’s largest software companies, and it is having an anxious year. Its shares are down about a quarter this year. It pushed out its chairman in February. And investors worry that a new wave of AI could hollow out its mai…
On Tuesday, a group of the world’s most powerful investors finished buying a company most people have never heard of. The price tag explains why it matters. The largest data-centre deal ever The AI Infrastructure Partnership, MGX, and BlackRock’s Globa…
The AI industry is obsessed with models that write and talk. SAP has just completed a large bet on a different kind entirely, one built for structured data, as its acquisition of Prior Labs closed. The deal is now done, with regulatory approvals secure…
Apple built a trillion-dollar business on chips it designs itself. It cannot design the ones its AI needs fast enough, so it is going shopping. The iPhone maker is hunting for AI chip acquisitions, The Information reported. In recent months it has talk…
A dozen states have sued to block Paramount Skydance’s takeover of Warner Bros. Discovery. The suit, led by California attorney general Rob Bonta, was filed in federal court in California’s Northern District, CNBC reports. The timing is pointed. The Ju…
A three-year-old startup run by a 23-year-old is in talks to double its worth to $20bn. The numbers are dazzling. Read the footnotes. Mercor, the AI training marketplace, has told investors it can raise at a $20bn valuation. It says it already holds at…
OpenAI wants the work that once belonged to consultants. Its deployment arm has agreed to buy Northslope, an applied-AI firm, the company told Axios in an exclusive on Wednesday. It did not disclose terms, and the deal still needs regulatory clearance….
Axos is buying Arc Technologies, an AI-native fintech that banks tech startups, and bolting its software onto a chartered bank. Axos Financial, a US digital bank with about $29bn in assets, has agreed to acquire Arc Technologies, the company announced….