Meta Eyes Massive $10 Bn Deal with Scale AI to Boost Its AI Ambitions

Founded in 2016 by Alexandr Wang, Scale AI achieved $870 million in revenue in 2024

First Citizens BancShares, Inc. Deepens Investment in India with New Office in Bengaluru

First Citizens Bank is one of the top 20 banks in the United States, with more than $200 billion in assets and over 17,000 associates worldwide.

Apple Finds AI Is Great at Pretending to Think—But Not Much Else

The study challenges the prevailing belief that such models truly “think” like humans

ONDC-Powered Namma Yatri hits 100 Million Rides

The platform allows drivers to offer safe, affordable, and convenient services directly to citizens

Dell Names Manish Gupta as India MD Amid AI Expansion Push

Gupta, based in Bengaluru, will oversee Dell’s growth and sales strategy across India.

AI Startups

Perplexity Handled 780 mn queries in May, CEO Aravind Srinivas Says

The startups expects to hit a billion queries a week within a year

OpenAI to Train One Million Teachers in Generative AI Across India

Educational content will be shared via the FutureSkills and iGOT Karmayogi platforms.

Amazon’s Secret Lab126 Builds AI-Powered Robots and Smart Maps

Amazon also revealed plans for advanced mapping tools aimed at delivery drivers.

VIPs Get Humans, Peasants Get Bots: Klarna’s New Service Model

The fintech giant famously replaced hundreds of roles with AI, shrinking its workforce from 5,500 to 3,000 and boosting revenue per employee.

Hackers Impersonate IT Staff to Breach Salesforce Accounts

The group did not exploit vulnerabilities in Salesforce software but relied instead on manipulating users.

Nintendo Begins Sale of Switch 2 Worldwide

Switch 2 is available at a price point of $499.99.

Acquisition

AMD Acquires AI Startup Brium to Challenge Nvidia’s Dominance

Brium specialises in optimising machine learning applications for inference—the process of running trained AI models—across diverse hardware platforms.