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Alphabet-backed Anthropic outlines the moral values behind its AI bot

Anthropic was founded by former executives from Microsoft Corp-backed OpenAI to focus on creating safe AI systems that will not, for example, tell users how to build a weapon or use racially biased language.

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GM hires former Apple executive Mike Abbott to lead software unit

Automakers, including GM and Ford Motor Co, have been increasingly ramping up their investment on technology and software services amid an electric-vehicle push, as they look to cash in on subscription-based services.

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PayPal adjusted margin forecast cut eclipses higher profit expectations

PayPal expects adjusted operating margin expansion of 100 basis points this year, compared with its earlier forecast of a 125-basis-point growth.

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LinkedIn lays off 700 employees, exits China app as demand wavers

LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application.

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Amazon offers shoppers $10 to pick up purchases as it targets delivery costs

Amazon over the last few days has emailed an unknown number of Prime subscribers offering them $10 to retrieve an order of $25 or more at company pickup points at locations such as Whole Foods, Amazon Fresh or Kohl's stores.

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ETtech Exclusive | In ‘reverse flip’, Razorpay parent entity plans to return to India from the US

The Y Combinator-backed Razorpay, valued at $7.5 billion, had to necessarily domicile itself in the US, when it raised funds from the Silicon Valley famed incubator. Razorpay offers payment services to merchants.

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ChrysCapital diversifies into public market investing; hits first close of maiden AIF

The new platform, called Clarus, has hit a first close of around Rs500 crore for its maiden fund in a month from its launch, said senior executives of the PE firm. It is a category-3, open-ended fund.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...