UP MLA's Hilarious AI Tales Leave Assembly In Splits: Wrong Alliances, Bad Predictions & Confusion
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The Hindu
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Elon Musk's bid to dismiss OpenAI's harassment claims denied in court
A U.S. federal judge on Tuesday denied Elon Musk's bid to dismiss OpenAI's claims of a "years-long harassment campaign" by the Tesla CEO against the company he co-founded in 2015 and later abandoned before ChatGPT became a global phenomenon. In the latest turn in a court battle that kicked off last year, U.S. District Judge Yvonne Gonzalez Rogers ruled that Musk must face OpenAI's claims that the billionaire, through press statements, social media posts, legal claims and "a sham bid for OpenAI's assets" had attempted to harm the AI startup. Musk sued OpenAI and its CEO Sam Altman last year over the company's transition to a for-profit model, accusing the company of straying from its founding mission of developing AI for the good of humanity, not profit. OpenAI countersued Musk in April, accusing the billionaire of engaging in fraudulent business practices under California law. Musk then asked for OpenAI's counterclaims to be dismissed or delayed until a later stage in the case. OpenAI argued in May its countersuit should not be put on hold, and the judge on Tuesday concluded that the company's allegations were legally sufficient to proceed. A jury trial has been scheduled for spring 2026.
Time of India
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IAF Chief Confirmed 5 Pak Jets Downed, Aviation Expert Tom Cooper Says 'Evidence' Of Even More
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Business Standard
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Infosys shares rise 2% on launching JV with Telstra; stock details here
Shares of Infosys rose nearly 2 per cent on Thursday after it announced a joint venture with Telstra, Australia's leading telecommunications and technology company. The IT giant's stock rose as much as 1.82 per cent during the day to ₹1,452.5 per share, the biggest intraday rise since July 15 this year. The stock pared gains to trade 1.6 per cent higher at ₹1,450 apiece, compared to a 0.02 per cent advance in Nifty 50 as of 10:05 AM. Shares of the company rose for the second straight session and currently trade at over 2.5 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 23.36 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. Infosys has a total market capitalisation of ₹6.02 trillion. Infosys sets up JV with Telstra Infosys will acquire 75 per cent of the shareholding in the Versent group, a wholly owned subsidiary of the Telstra group, that delivers cloud and digital transformation. Infosys is investing Australian dollar 233.25 million (around ₹1,300 crore) in the JV. The IT services major will have operational control, while Telstra will continue to retain the remaining 25 per cent minority stake in the Versent group. The formation of the JV will accelerate Infosys' strategy to help clients navigate their AI journey, and this collaboration will propel AI-enabled cloud and digital solutions for Australian businesses, the company said. Salil Parekh, chief executive officer (CEO), Infosys, said: 'We are excited to bring Infosys Topaz to enable transformative AI-first capabilities to complement Versent Group's cloud-first digital foundation. Expanding our trusted collaboration with Telstra, with whom we share a valued relationship, unveils a new opportunity to further accelerate the innovation agenda for enterprises across the region.' Nomura on Infosys-Telstra JV The deal strengthens Infosys's partnership with Telstra, which is a key account for the company in its telecommunications vertical, analysts at Nomura said. In the past two years, Infosys has announced key deals with Telstra. The collaboration should help strengthen Infosys's business presence in Australia and help it target more private and government customers in the country, the report said. The brokerage retained its 'Buy' rating with a target price of ₹1,880 per share. Infosys Q1 results The net profit of Bengaluru-based company came in at ₹6,921 crore, marking a sequential decline of 1.6 per cent. The top line grew 3.3 per cent on a quarter-on-quarter (Q-o-Q) basis to ₹42,279 crore. Both the numbers beat Bloomberg estimates, where analysts had estimated a net profit of ₹6,778 crore and revenue of ₹41,724 crore. The second-largest software-services provider raised the lower end of its guidance to 1 per cent from nil growth it had guided a quarter earlier. A quarter of strong deal wins worth $3.8 billion helped the company raise the guidance at the lower end, Chief Financial Officer Jayesh Sanghrajka said.
