OpenAI lists Google as cloud partner amid growing demand for computing capacity
OpenAI has added Google Cloud as a computing partner to meet growing AI demands, joining Microsoft, Oracle, and CoreWeave. The move, finalised in May, reflects OpenAI's efforts to reduce reliance on Microsoft and diversify compute sources, including its $500 billion Stargate project backed by SoftBank, Oracle, and CoreWeave.
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NDTV
40 minutes ago
- NDTV
Rs 2,400 Crore For Two AI Engineers: What Meta's Hiring Spree Means
In a high-stakes talent war that has Silicon Valley abuzz, Meta Platforms is making aggressive moves to secure the world's leading AI researchers, with a significant focus on tech pioneers. Meta Platforms has unveiled massive compensation packages - Rs 800 crore (approximately $100 million) for Trapit Bansal and Rs 1,600 crore (around $200 million) for Ruoming Pang - as part of its new Superintelligence Labs, aiming to rival peers like OpenAI, Google DeepMind, Apple, and Anthropic. Who Are These AI Stars? Trapit Bansal A graduate of IIT Kanpur, Trapit Bansal joined OpenAI in 2022 and made significant contributions to its reinforcement learning efforts and early AI reasoning models. TechCrunch described him as "a highly influential OpenAI researcher." There, he played a crucial role in developing OpenAI's "O-series" reasoning models, particularly the foundational "O1" model, working closely with co-founder Ilya Sutskever. Earlier this month, he confirmed on X (formerly Twitter): "Thrilled to be joining Meta! Superintelligence is now in sight". Thrilled to be joining @Meta! Superintelligence is now in sight 🚀 — Trapit Bansal (@TrapitBansal) June 30, 2025 Ruoming Pang Previously, the head of Apple's Foundation Models team, Ruoming Pang, was responsible for leading the development of Apple's advanced AI systems. He departed Apple in early July to join Meta's newly launched Superintelligence Labs, marking a major blow to Apple's AI division. Why Meta's Big Bet? 1. Elite talent war: Meta is aggressively combating fierce competition for top-tier AI researchers, offering record-breaking compensation that far exceeds even the salaries of some global CEOs. 2. Unified AI strategy: The Superintelligence Labs aim to consolidate Meta's fragmented AI teams under a centralised vision for developing artificial general intelligence (AGI) and eventually surpassing it. 3. Building future infrastructure: These hires align with Meta's rollout of massive AI compute assets, including its "Prometheus" supercluster expected online by 2026 and temporary mega-data-centres, signalling a long-term investment in AI leadership. What Lies Ahead Key architects: Bansal and Pang, along with Alexandr Wang, Nat Friedman, Daniel Gross and other hires (e.g., from OpenAI, DeepMind and Anthropic), will spearhead core AI research. Unified Direction: Superintelligence Labs aims to integrate Meta's scattered AI efforts under a cohesive long-term AGI roadmap.
Time of India
an hour 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. 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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. 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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
an hour 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.
