AI IN BUSINESS
Cognition AI cinches $10 billion valuation with new funding
The latest round was led by Founders Fund, the venture capital firm backed by Peter Thiel, and included existing investors such as Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures, the company said Monday.
AI era demands dynamic skills over job titles: LinkedIn’s Kumaresh Pattabiraman
LinkedIn India head Kumaresh Pattabiraman says professionals must view jobs as evolving skills, not fixed titles, to thrive in the AI era. Instead, AI is reshaping what jobs look like, and doing so very quickly, according to him.
AI Literacy: The New Superpower Redefining Work and Careers
AI literacy has transitioned from a specialized technical competency to a vital career resource that defines success in today's workforce. No longer does possessing the ability to code make an expert superior today, individuals who can think creatively about applying AI in any position are rewriting the rulebook on what it takes to be irreplaceable, innovative, and future proof.
Meta hiring US-based contractors to build Hindi AI chatbots: Report
Applicants are required to be fluent in Hindi, Indonesian, Spanish, or Portuguese, and must have at least six years of experience in storytelling, character development, and familiarity with AI content workflows.
Who will make the most money from AI? Facebook executive turned venture capitalist Chamath Palihapitiya’s fascinating prediction resurfaces
Venture capitalist Chamath Palihapitiya’s 2023 iConnections talk has resurfaced, drawing attention to who will profit most from AI. Comparing AI to refrigeration, he suggested that while many can build similar models, true wealth will come to companies that find unique ways to leverage the technology. Founder of Social Capital and former Facebook executive, Palihapitiya highlights that innovation and strategic application, rather than invention alone, will shape the next generation of industry giants.
OpenAI takes on LinkedIn with new jobs platform for AI-ready workers
OpenAI’s recently appointed CEO of applications, Fidji Simo, announced in a company post that the OpenAI Jobs Platform aims to connect businesses with AI-skilled workers. According to Simo, the platform will "use AI to help find the perfect matches between what companies need and what workers can offer".
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OpenAI expects business to burn $115 billion through 2029: Report
OpenAI, which has become one of the world's biggest renters of cloud servers, projects it will burn more than $8 billion this year, some $1.5 billion higher than its projection from earlier this year, the report said.
Anthropic to pay authors $1.5 billion to settle lawsuit over pirated chatbot training material
Anthropic, an AI company, has agreed to a $1.5 billion settlement in a class-action lawsuit with authors who accused them of using pirated books to train their chatbot. This landmark settlement, potentially the largest copyright recovery ever, could significantly impact legal battles between AI firms and creative professionals.
Experience will Trump youth in AI workplaces
AI's impact on the workforce appears to favor mid-career employees, automating simpler tasks and emphasizing managerial experience for optimal human-digital collaboration. Entry-level technical skills are most vulnerable to displacement, while experienced professionals are crucial for decision-making, process design, and AI training through mentorship. HR must adapt to prioritize strategic skills and experience, potentially reshaping entry-level positions.
US attorneys general warn OpenAI, rivals to improve chatbot safety
California and Delaware's attorneys general have expressed serious safety concerns to OpenAI regarding ChatGPT, especially its impact on children and teens, following reports of dangerous interactions and tragic deaths. They are reviewing OpenAI's restructuring plans to ensure rigorous oversight of its safety mission.
Greece, OpenAI agree deal to boost innovation in schools, small businesses
The agreement makes Greece one of the first countries to implement ChatGPT Edu, a specialised version of ChatGPT designed for academic institutions, OpenAI said in a statement.
US AI giant Anthropic bars Chinese-owned entities from services
This update prohibits companies or organizations whose ownership structures subject them to control from jurisdictions where our products are not permitted, like China, regardless of where they operate, the company said in a statement.
The AI Job Revolution: OpenAI’s Bold Play to Transform Work
OpenAI’s upcoming Jobs Platform aims to disrupt the professional landscape, offering an AI-powered alternative to LinkedIn that not only matches candidates with companies but also rewires how skills, hiring, and opportunity are distributed in an era of rapid technological change. Backed by major employers, government partners, and a certification strategy to make millions AI-fluent, OpenAI’s initiative promises to democratize economic opportunity and spark big changes in how we train, hire, and work.
OpenAI set to start mass production of its own AI chips with Broadcom in 2026: FT
OpenAI is set to launch its first AI chip next year in partnership with Broadcom, aiming to reduce reliance on Nvidia, according to the Financial Times. The chip will be used internally. This move mirrors efforts by Google, Amazon, and Meta to build custom chips for growing AI workloads.
Broadcom Q3 earnings beat expectations driven by AI revenue - can its custom chips challenge Nvidia?
AVGO stock: Broadcom's fiscal third-quarter earnings exceeded expectations, fueled by robust AI demand. The company anticipates even higher revenue in the current quarter, driven by custom AI accelerators, networking components, and VMWare software. While shares remained mostly flat, investor optimism persists regarding Broadcom's potential to challenge Nvidia's market share in AI chips.
Fintech firm’s AI adoption plan backfires as attempt to automation leaves engineers stuck with handling customer support calls
Klarna’s bold AI experiment has backfired, forcing engineers and marketers into customer support roles after its chatbot failed to handle rising complaints, Business Insider reported. Once claiming that AI could replace 700 agents, CEO Sebastian Siemiatkowski now admits cost-cutting hurt quality and vows to restore human support. The setback, echoing a wider 95% AI adoption failure rate noted by MIT, comes as Klarna prepares for a $14 billion IPO amid investor scrutiny.
AI not affecting job market much so far, New York Fed says
There has been broad concern that AI could create major headwinds for hiring in the coming years, with the technology hitting highly-paid professional and managerial jobs the hardest.
Hewlett Packard beats quarterly revenue estimates on robust server demand
The surge in GenAI has boosted demand for HPE's AI-optimized servers, powered by Nvidia processors, which can run complex applications. HPE integrated Nvidia's latest GPUs into its server portfolio in 2025.
Trump to host tech CEOs for first event in newly renovated Rose Garden
The guests include Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft founder Bill Gates and OpenAI CEO Sam Altman, the official said.
AI-led healthcare startup Reveal HealthTech raises $7.2 million in round led by Leo Capital
Sanos Capital participated in the funding round. Reveal was incubated by W Health Ventures, which supports startups in the US and India that focus on improving care delivery by leveraging technology. The US-headquartered startup will use the funds to scale its flagship products — BioCanvas, which applies multimodal AI to accelerate clinical trial recruitment, and Prism AI, a workflow automation platform.
Urban Company's Rs 1,900-crore IPO; Google's Chrome win
Urban Company is set to ride to Dalal Street, with its Rs 1,900-crore issue next week. This and more in today’s ETtech Top 5.
Google's AI rivals get a boost from data-sharing order, but tech giant far from routed
While Google was spared the devastating outcome of having to sell its popular Chrome browser and Android operating system, U.S. District Judge Amit Mehta's ruling was a nod to regulators' efforts to level the playing field for companies who have invested billions to boost their AI business.
AI boosts career, does not replace it: Real work lessons from engineer who uses AI as second brain
Artificial intelligence is increasingly proving to be a career enabler rather than a threat. A software engineer, Doug Steinberg, has made AI tools an essential part of his daily work, helping him finish projects in days instead of months and improving areas like design and documentation. He views AI as a partner that amplifies his strengths while freeing time for personal projects. This perspective echoes global tech leaders such as Nvidia CEO Jensen Huang, who argue that AI could make shorter workweeks possible by eliminating repetitive tasks.
AI agent startup Sierra nears $350 million round at $10 billion valuation
AI startup Sierra is close to raising $350 million, led by Greenoaks Capital, valuing it at $10 billion. The company, founded in 2023, builds AI chatbots for large enterprises and is nearing $100 million in enterprise annual recurring revenue. AI agents remain a growing focus, with new competition from Elon Musk’s xAI.
TCS signs €550 million deal with Scandinavian non-life insurer Tryg
The deal will see TCS simplifying and standardising Tryg’s operations in its three major markets — Denmark, Sweden, and Norway — and driving technological transformation over seven years.
Shark Tank's Anupam Mittal warns against ‘outsourcing judgement’ to ChatGPT. 'AI can’t fake original point of view'
Anupam Mittal, founder of Shaadi.com and People Group, has warned against overreliance on AI tools like ChatGPT for business decisions. In a LinkedIn post, he emphasized that AI can generate polished content but lacks courage, intuition, and originality. Mittal urged leaders to use AI as a tool, not a substitute for judgment, stressing that true innovation and leadership come from human insight, risk-taking, and independent thinking.
Reliance Intelligence is the new Jio for Mukesh Ambani: Can AI leap help RIL become deep-tech giant?
Mukesh Ambani is making a bold AI push with the launch of Reliance Intelligence, promising "AI everywhere for every Indian." At RIL’s AGM, AI took center stage, signaling a shift from oil to deep tech. With $100 million in joint ventures, giga-scale data centers, and global partnerships, brokerages call it India’s most aggressive GenAI play yet.
Two mystery customers made up 40% of Nvidia’s revenue — who are they?
Nvidia’s latest earnings grabbed headlines with a jaw-dropping $46.7 billion in quarterly revenue, but buried inside the SEC filing was a detail that shocked Wall Street: just two customers accounted for nearly 40% of that total. Who are these customers, why are they so important, and what risks does this concentration pose for Nvidia’s growth story?
ISB Online’s Leadership with AI programme equips senior executives for the GenAI and Agentic AI era
As AI reshapes decision-making, strategy, and leadership itself, ISB Online’s 20-week Leadership with AI Programme offers senior professionals the tools to stay ahead. It blends expert-led live masterclasses, hands-on toolkits, and a capstone project to help executives lead with confidence in the AI age.
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