
xAI's head of infrastructure engineering resigns, joins OpenAI
"After an unforgettable ride, I've decided to move on from xAI and yesterday was my last day. When I first joined, I thought everyone was absolutely nuts for thinking we could deploy 100K GPUs in 4 months, especially without a fully functioning site. Watching us go and double that, and most importantly successfully train Grok 3, made me incredibly proud... and very happy to be wrong," Ruddarraju stated. Expressing gratitude to xAI founder Elon Musk and the team, Ruddarraju said, "Thank you Elon Musk and everyone at xAI for the rare opportunity to help build something truly foundational with Colossus. It was a privilege to be part of a mission this bold and to see from the inside what relentless focus and execution really look like. Reporting into Elon and learning directly from him was definitely the best part about working at xAI.""Special thanks to everyone on the infrastructure team who met impossible expectations, and the entire research team for your partnership throughout. You're the best! I am sure building Colossus and training Grok 3 are definitely highlights of my career I will remember forever," he added.
Following his departure, Ruddarraju joined OpenAI, an AI research and deployment company. His joining OpenAI was announced by the President and Co-Founder, Greg Brockman, who, in a post on X, stated, "welcome david lau, mike dalton, uday ruddarraju, and angela fan!"Ruddarraju also confirmed his joining OpenAI after he reposted Brockman's post, quoting, "Excited to join you, Greg Brockman!"
Days after Ruddarraju tendered his resignation, Elon Musk-owned social media platform X's CEO, Linda Yaccarino, also announced her decision to step down from her role after two years. While announcing her decision on X, Yaccarino expressed gratitude to Musk for giving her the responsibility of protecting free speech and "transforming X into the Everything App."She joined X, then known as Twitter, in 2023, about six months after Musk's takeover of the social media platform. Prior to joining X, she served as the chair of NBCUniversal Media's global advertising and partnerships, The Hill reported.Her departure from X comes as Musk wants to combine the social media company with xAI, as reported bty The Hill. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Markets need to see more than profits from Oyo
Can Grasim's anti-competition charge against Asian Paints stand amid intense war
Engine fuel switches or something else? One month on, still no word on what crashed AI 171
Delhivery survived the Meesho curveball. Can it keep on delivering profits?
Stock Radar: Page Industries breaks out from Cup & Handle formation; stock hits fresh 52-week high
For risk-takers with ability to stay invested for the long term: 5 small-caps from different sectors with upside potential of 5 to 32%
Multibagger or IBC - Part 14: This auto ancillary with double-digit net margins is now getting EV-focused
These mid-cap stocks with 'Strong Buy' & 'Buy' recos can rally over 25%, according to analysts

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
25 minutes ago
- Indian Express
XAI in talks to lease data center capacity in Saudi Arabia: Report
Elon Musk's xAI is in discussions to lease data center capacity in Saudi Arabia, Bloomberg News reported on Wednesday, citing people familiar with the matter. The startup is in discussion with two potential partners: Humain, a Saudi-backed AI company offering xAI several gigawatts of capacity, and another company building a smaller but more immediately available 200-megawatt facility, according to the report. The Humain proposal remains distant, Bloomberg reported, as the startup launched by Saudi Arabia's sovereign wealth fund is yet to break ground on much of the infrastructure it has pledged to build. The other company, which Bloomberg did not name, is already working on the 200-megawatt facility, making it a more realistic short-term option for xAI, the report said. XAI and Humain did not immediately respond to Reuters' requests for comment. The AI startup has been ramping up its data center capacity to train more advanced models, as it looks to compete more effectively with OpenAI's ChatGPT and Anthropic's Claude. Its supercomputer cluster in Memphis, Tennessee, called Colossus, is touted as the largest in the world. Big tech companies are expected to spend $320 billion on AI this year, with Meta and CoreWeave announcing billions in spending on AI data centers this week. Saudi Arabia's PIF sovereign wealth fund is expected to play a large role as xAI looks to raise more money from investors in a deal that could value it between $170 billion and $200 billion, the Financial Times reported on Friday. Musk said that the AI startup is not seeking funding right now.


Time of India
28 minutes ago
- Time of India
Muted Q2 on Wipro's cards; Bumper Apple (iPhone) harvest
Next Muted Q2 on Wipro's cards; Bumper Apple (iPhone) harvest Want this newsletter delivered to your inbox? Also in the letter: Wipro Q1 profit rises 11% YoY; CEO says AI now central to clients Snapshot: Net profit: up 11% YoY and down 6.7% QoQ to Rs 3,330 crore, and just ahead of expectations. up 11% YoY and down 6.7% QoQ to Rs 3,330 crore, and just ahead of expectations. Revenue: marginal rise to Rs 22,134 crore. marginal rise to Rs 22,134 crore. Interim dividend: Rs 5 per share; record date is July 28. Rs 5 per share; record date is July 28. Total deal wins: $4.97 billion, up 50.7% YoY in constant currency; large deals more than doubled to $2.7 billion. Strategic lens: Operating margin in the IT services business rose to 17.3%, up 80 basis points. Cash flow came in strong at Rs 4,110 crore, 123% of net profit. Outlook: Also Read: Apple's iPhone output in India hits all-time high What's happening: iPhone production in India jumped 53% year-on-year in H1 2025 to 23.9 million units, according to Canalys. Exports surged to $22.56 billion, up from $14.71 billion a year ago, according to CMR. India now accounts for 78% of Apple's iPhone exports, up from 53% last year, Canalys added. Foxconn drove most of the exports, while Tata Electronics, which now runs Wistron and Pegatron's local operations, accounted for 4 in every 10 iPhones shipped. What's next: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Paytm back at Rs 1,000 as UPI and lending drive rebound The stock crossed Rs 1,000 this week for the first time in six months. Contribution margin (excluding UPI incentives) rose to 54%, thanks to stronger financial services revenue. Paytm is now onboarding UPI users through Yes Bank, SBI, Axis, and HDFC Bank, following an eight-month freeze that ended last October. By the numbers: Net loss for Q4FY25 narrowed slightly to Rs 540 crore from Rs 550 crore a year ago. Revenue dipped 16% year-on-year to Rs 1,912 crore, mainly due to the exit from wallet operations. The stock is now trading close to its 52-week high of Rs 1,063. What to watch: Ixigo shares hit upper price limit after Q1 results By the numbers: Revenue: at Rs 314 crore, up 73% YoY. at Rs 314 crore, up 73% YoY. Net profit: rises 27% to Rs 19 crore. rises 27% to Rs 19 crore. Gross transaction value: surges 55% YoY to Rs 4,645 crore. Meta raids OpenAI again for elite AI talent Catch up fast: Wei was instrumental in developing the o1 model and helped pioneer chain-of-thought prompting, a key breakthrough in reasoning. Chung led training for Codex mini and worked on OpenAI's agentic reasoning tools. Together, they shaped some of OpenAI's most advanced research efforts and represent key IP, leaving the Sam Altman-led firm. Zoom out: Also Read: Zuckerberg to testify in $8 billion privacy trial Intel's layoff wave swells past 5,500 as AI race widens gap with rivals What's happening: Oregon: 2,932 jobs cut, nearly four times more than planned 2,932 jobs cut, nearly four times more than planned California: 1,935 roles gone, double earlier estimates 1,935 roles gone, double earlier estimates Arizona: 696 layoffs Why it matters: Between the lines: By the numbers: Wipro guided for flat growth in IT services after a muted June quarter. This and more in today's ETtech Top 5.■ Bulls pay Paytm a visit■ Meta's at it again■ Intel's axe hits moreSrini Pallia, CEO, WiproIn a sluggish IT spending climate, Wipro's topline stayed muted in the June quarter, but strong deal momentum offered a silver Srini Pallia flagged ongoing macro uncertainty but noted rising demand for cost efficiency and AI-led transformation. 'AI is no longer experimental, it's central to our clients' strategies,' he expects flat to 1% sequential growth in has emerged as a key pillar of Apple's global manufacturing strategy as tariff threats loom and supply chains increased shipments to the US in anticipation of a potential 26% tariff on India-made goods (imports), a move now postponed until August 1, as the two nations near an interim bilateral trade runs of the iPhone 17 are in progress at Foxconn's Tamil Nadu plant, indicating a simultaneous launch with China. Annual production is projected to exceed 42 million units in Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship opportunities. Investors are warming up to Paytm again as the company steadies itself after last year's regulatory jolt. UPI onboarding is back on track, and the lending business is showing GooglePaytm will report its Q1FY26 results on July 22. Analysts are watching for continued strength in merchant lending and loan Travenues Technology, the parent company of online travel aggregator Ixigo, went flying high after a strong show in the June quarter . Investors cheered its financial results for the June quarter as shares of the company closed at an upper limit of 20% during trade on isn't done raiding rival labs just yet. After a short breather, the Mark Zuckerberg-led giant is back at OpenAI's doorstep to shore up its new, high-stakes AI bet Wired reported that two senior OpenAI researchers, Jason Wei and Hyung Won Chung, are joining the Meta Superintelligence Lab, the group building AI systems that can surpass human has been dangling long-term packages worth up to $300 million to lure elite AI researchers. Wei and Chung follow a growing list of OpenAI veterans who have switched to Meta, Anthropic, and OpenAI isn't sitting idle. It is quietly restocking its bench , pulling in talent from Meta, Tesla, and other Valley CEO Mark Zuckerberg will take the stand in an $8 billion shareholder lawsuit related to the Cambridge Analytica scandal. This marks a rare moment of personal accountability for Big Tech's leading figures, including Sheryl Sandberg, Mark Andreessen, and Peter allege that Meta misled them about privacy risks and failed to comply with a 2012 FTC consent decree, resulting in billions in fines and global chipmaker Intel is doubling down on job cuts as it scrambles to stay relevant in the AI ageThe chipmaker is letting go of more than 5,500 staff in the US, up from earlier estimates of 4,000, according to state WARN filings. The deepest cuts are in California, Oregon, and Arizona:New CEO Lip-Bu Tan is aiming for a 20% workforce reduction to speed up decision-making and close the cap with Nvidia and admitted to staff that Intel is no longer a top-10 semiconductor player and that it had fallen behind in the high-stakes AI chip race. 'On training, I think it is too late for us,' he said, pointing to Nvidia's dominance with customers like Meta, OpenAI, and market cap is down to $103 billion, while Nvidia just hit $4 trillion valuation . Early response to Intel's next-gen chip, 18A, has been underwhelming.


Indian Express
28 minutes ago
- Indian Express
OpenAI working on payment checkout system within ChatGPT: Report
OpenAI is planning to take a cut from online product sales made through ChatGPT by integrating a payment checkout system into the chatbot, the Financial Times reported on Wednesday, citing multiple people familiar with the proposals. Merchants that fulfill orders through the payment system will pay a commission to OpenAI, the report said. The move would allow OpenAI to tap a new source of revenue, taking advantage of the heavy user traffic on ChatGPT, in addition to its traditional subscription model. The checkout feature is still in development, but OpenAI and partners such as e-commerce platform Shopify have been presenting early versions of the system to brands and discussing financial terms, the report said. OpenAI declined to comment and Shopify did not respond to a request for comment. The two companies had announced a partnership earlier this year, shortly after the AI startup launched an enhanced shopping feature to better display products and reviews, the report added. The Sam Altman-led company currently displays suggested products on ChatGPT through links that take users to online retailers' websites. OpenAI said earlier this year that its annualized revenue run rate surged to $10 billion as of June, up from $5.5 billion in December 2024. The company, however, lost around $5 billion last year.