Elon Musk said his xAI artificial intelligence startup has acquired the X platform, which he also controls, at a valuation of $33 billion, marking a surprise twist for the social network formerly known as Twitter. “The combination values xAI at $80 billion and X at $33 billion,” the billionaire wrote Friday in a post on […]
AI firm Fractal Analytics targets public listing by FY26 – CNBC TV18
Fractal Analytics, an artificial intelligence-driven analytics company, is gearing up for its initial public offering (IPO) by FY26. In an interview with CNBC-TV18, Srikanth Velamakanni, Co-Founder & CEO of Fractal Analytics, said the company sees going public as a natural step toward its long-term vision. “At Fractal, we have had this vision to be a […]
Wipro restructures business lines to strengthen AI, cloud and digital focus from April 1 – CNBC TV18
IT services company Wipro Ltd on Friday (March 14) announced a realignment of its Global Business Lines (GBLs) to enhance its focus on AI, cloud, and digital transformation while improving alignment with evolving client needs. The restructuring maintains four business lines, each tailored to address distinct client buying behaviors. These changes will come into effect […]
Exclusive | AI will change the world, but most investors will still lose money, says Morgan Housel – CNBC TV18
At Moneycontrol’s Global Wealth Summit, author Morgan Housel made a bold claim: artificial intelligence (AI) will undoubtedly transform the world—but that doesn’t mean investors will make money from it. Housel, known for The Psychology of Money and Same as Ever, argued that history is full of transformative industries that failed to generate consistent returns for […]
Lenovo aims to double India revenue in next three years, says Matthew Zielinski – CNBC TV18
Lenovo is set to double its revenue in India over the next three years, according to Matthew Zielinski, President of International Sales Market at Lenovo. The company sees India as a key growth market and is strategically investing in manufacturing, AI, and smartphones to strengthen its presence. “We have a plan to more than double […]
FIIs may return to Indian markets in the second half as valuations stabilise: Manulife’s Charlie Dutton – CNBC TV18
Foreign institutional investors (FIIs) are expected to return to Indian markets in the second half of the year as valuations normalise, according to Charlie Dutton, Head of Emerging Markets at Manulife Investment Management. Despite recent sell-offs, he sees India as a strong long-term investment destination, with opportunities in midcap stocks, internet platforms, and IT outsourcing […]
CII hails Prime Minister Narendra Modi’s US visit as catalyst for stronger trade, tech ties – CNBC TV18
The Confederation of Indian Industry (CII) has lauded the outcomes of Prime Minister Narendra Modi’s recent visit to the United States, describing it as a milestone for bilateral relations across trade, investment, defence, and technology. Company Value Change %Change The visit, which laid the groundwork under the US-India COMPACT framework, sets the stage for deeper […]
Krutrim, AceCloud launch Deepseek AI models on Indian servers – CNBC TV18
Indian cloud service providers Ola Krutrim and AceCloud have started offering services of Chinese artificial intelligence platform DeepSeek in the country. AceCloud was the first to announce hosting of DeepSeek. AceCloud said that it will offer DeepSeek AI models to businesses with claims that the data residency will remain in India. Krutrim claimed to be […]
‘Fake and misleading’: NSE debunks reports of appointing new AI promotion chairman – CNBC TV18
The National Stock Exchange on January 28 addressed a news report regarding the appointment of someone named Siddharth Kotak as AI Promotion Chairman of the stock exchange. Company Value Change %Change In a press release, the NSE dismissed the reports and said no person named Siddharth Kotak has joined the organisation as published in the […]
View | The GenAI Upgrade: Redefining the Future of India’s Banking Sector – CNBC TV18
Generative AI (GenAI) has been driving a paradigm shift in the banking and financial services sector, with its transformative capabilities. Its ability to analyse vast information sets and deliver actionable insights in real-time is enabling financial institutions to improve operational efficiency, reduce costs, and offer tailored solutions. CEOs worldwide increasingly recognise the potential of GenAI […]