Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%

Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon is investing heavily in AI infrastructure, aiming to monetize these expenditures in the coming years.

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On witness stand, Elon Musk accuses Sam Altman's lawyer of trying to trick him

Elon Musk is in court accusing OpenAI's lawyer of trying to trick him. The trial centers on Musk's lawsuit claiming OpenAI abandoned its mission to benefit the public. He alleges co-founder Sam Altman and others created a for-profit entity for personal gain. OpenAI argues Musk wants to control the company.

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Stock trading startup Sahi secures $33 million from Accel, Elevation

Bengaluru's Sahi, a stock trading platform, has raised $33 million, valuing it at $200 million. The funds will fuel expansion into margin trade funding, commodities, and mutual funds. Founded in 2023, Sahi aims to disrupt the broking space, already boasting 400,000 demat accounts and processing 3% of daily trades. AI integration for client decision-making is also a key focus.

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OpenAI 'stole a charity': Musk accusations open blockbuster AI trial

Elon Musk and OpenAI boss Sam Altman faced off in a California federal court Tuesday in a blockbuster trial that could have far-reaching consequences for the AI industry and oblige the ChatGPT maker to profoundly revamp its business. - 'Scam Altman' - Moments ahead of the opening statements, Musk and Altman, who both sat with their lawyers at the federal court in Oakland, were asked by Judge Yvonne Gonzalez Rogers to keep social media posts to a minimum during the course of the trial.

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One giant leap for AI: Companies rethink how and where data is processed

Big tech and startups are developing orbital data centers to process AI-driven data in space, reducing latency and energy use. This edge computing approach allows satellites to prioritize and transmit high-value data, enhancing mission autonomy and enabling quicker insights for sectors like defense and climate monitoring.

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Wispr Flow launches in India; offers Hinglish and Android app support

AI-powered voice-to-text startup Wispr Flow has officially launched in India, introducing full Hinglish support and an Android app. India has already become the company's second-largest market, with user growth tripling organically in recent months. The launch includes a unique offline marketing campaign in Bengaluru using branded auto-rickshaws to reach users stuck in traffic.

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Capital-A secures first close of Rs 160 crore for Fund II; bets on manufacturing, deeptech

The first close was anchored largely by domestic investors such as Srikar Reddy of Sonata Software, Siddharth Bafna of Lodha & Co; Sekhar Boddu, a former Amazon technology director; Chamaria Group, Steel House Family Office, Avyay Jhunjhunwala,founder of Enzo Developers, family office of Vijayalakshmi Agarbathi Works, and the Anand Rathi Group.

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