From shareholders to partners: How Google and Meta’s Jio investments evolved into an AI alliance

Meta and Google, originally minority shareholders in Jio Platforms, are now forming strategic partnerships with Reliance. The new collaborations focus on enterprise AI initiatives and dedicated cloud infrastructure in India. Meta's joint venture will leverage Llama models for developing AI platforms, while Google focuses on establishing cloud services. Both companies aim to enhance Reliance's capabilities in AI and cloud technology sectors.

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From shareholders to partners: How Google and Meta’s Jio investments evolved into an AI alliance

Meta and Google, originally minority shareholders in Jio Platforms, are now forming strategic partnerships with Reliance. The new collaborations focus on enterprise AI initiatives and dedicated cloud infrastructure in India. Meta's joint venture will leverage Llama models for developing AI platforms, while Google focuses on establishing cloud services. Both companies aim to enhance Reliance's capabilities in AI and cloud technology sectors.

from Tech-Economic Times
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Meta releases open-weight Muse Spark model for coding, agentic tasks

Open-weight models make trained parameters available for developers to modify, unlike proprietary models that remain under their creators' control. They can offer businesses a lower-cost alternative to closed systems.

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Flipkart ex-staff push for Esop buyout; Wipro, Tech Mahindra’s Q2 report

Happy Friday! Former Flipkart employees are asking Walmart to cash out their vested stock options. This and more in today’s ETtech Morning Dispatch.

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Nvidia, Apple each gave $25 million for Trump's ballroom: Washington Post

The Adelson family, longtime financial supporters of Trump and his Republican Party, committed $25 million as well, as did billionaire Charles Ergen, co-founder and chairman of telecommunications company Dish Network, the report added.

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Anthropic Q3 revenue surges 45% to $16.8 billion as AI startup gears up for $2 trillion IPO

Anthropic reported a 45% increase in revenue for the third quarter, reaching $16.8 billion. The company's revenue for the first and second quarters was $4.7 billion and $11.6 billion, respectively. Anthropic aims for a valuation exceeding $2 trillion, emphasizing substantial revenue growth despite significant operational losses. Founded by former OpenAI executives, the company focuses on AI safety amid growing competition.

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Skyroot eyes funding boost; MDR deferment cheers D2C brands

Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.

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