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AI company Runway valued at $1.5 billion in latest funding

Runway's software allows users to transform or tweak existing videos or create new videos by using text prompts or images. The company also launched a mobile app earlier this year, giving its users access to its generative AI tools.

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Infosys growing on a solid foundation says Nilekani; Byjus awaits entire amount from Davidson Kempner

Indian tech services bellweather Infosys is not only growing on a “solid foundation” on the back of large deal wins, but is equally poised to harness opportunities despite global macroeconomic challenges, non-executive chairman Nandan Nilekani said at the firm’s 42nd Annual General Meeting.

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Google open-sources Indian speech data location information

Google unveiled a slate of AI tools and technologies for India to support innovation among local developers during its's first-ever Google I/O connect for developers in India in Bengaluru on Wednesday.

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Activision Blizzard's CEO Bobby Kotick defends Microsoft's takeover of the video game-maker

Bobby Kotick told a federal judge in San Francisco Wednesday that there's no incentive to deprive Microsoft gaming rivals like Sony of the popular Activision game Call of Duty, because such a move would alienate the franchise's devoted fanbase.

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List of startups that have faced valuation cuts recently

The valuations of many major Indian startups have been slashed by VCs and investors. Here’s a look at major startups that saw valuation markdowns recently.

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Large deals provide solid foundation to grow for Infosys: Nandan Nilekani

In his virtual address to the shareholders, Nilekani said the Bengaluru-based firm’s capability to harness opportunities despite the dynamic times of inflation, interest rates, geopolitics, war, demand volatility, supply chain dislocations is “tremendous”.

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TCS job scandal: Company writes to board members clarifying details about allegations

TCS was alerted about senior executives breaching corporate code of conduct to give preferential treatment to some recruiters at the company’s RMG (Resource Management Group) division.

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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...