NewsFeed

June 12, 2025

India's AI Market Set to Triple by 2027

India's AI market is expected to triple in value to $17 billion by 2027, driven by growing enterprise tech investments, a robust digital ecosystem, and a large talent pool of over 6,00,000 AI professionals. The country is poised to become one of the fastest-growing AI economies globally, with public platforms like Aadhaar and UPI supporting AI scalability.

https://indiatoday.in/business/story/india-ai-market-growth-17-billion-2027-talent-tech-investments-2739539-2025-06-12

June 12, 2025

Media Firms Ditch Underperforming Assets for AI-Boosted Brands

Media companies are reassessing their portfolios to focus on higher-margin brands as digital media firms look to offload underperforming assets. This shift is driven by the need for greater efficiency and the potential benefits of artificial intelligence (AI) in streamlining operations. According to experts, AI can make businesses leaner and more efficient, improving margins and making them more attractive to acquirers. As a result, dealmakers are cautiously optimistic about an uptick in M&A activity in the second half of 2025, with some predicting a surge before Labor Day if economic conditions stabilize.

https://www.adweek.com/media/digital-media-mergers-acquisitions-2025/

June 12, 2025

Microsoft's Copilot AI Exposed to Zero-Click Hackers

Cybersecurity researchers at Microsoft have discovered the first zero-click vulnerability in the company's 365 Copilot AI agent, which could allow hackers to steal sensitive data from business emails without user interaction. The flaw was identified by Nandini Yadav and exposed how attackers can retrieve and process emails using the AI agent. Microsoft has since fixed the issue, but no real-world attacks have been detected.

https://indiatoday.in/technology/news/story/first-ever-security-flaw-detected-in-an-ai-agent-could-allow-hacker-to-attack-user-via-email-2739502-2025-06-12

June 12, 2025

Musk and Trump End Feud After Years

Elon Musk and Donald Trump appear to have ended their feud, with experts warning parents about online criminal networks that use "lovebombing" and fake relationships to entrap minors. The US government has teamed up with big tech companies to create a supercomputer to enhance national security. Lawmakers are debating AI regulation in Trump's spending bill, while a GOP representative expresses little confidence in Putin attending negotiations. The CIA released Mandarin-speaking videos on the dark web to contact Chinese hackers, and an AI expert warns that the US must adopt technology to protect national security.

https://www.foxnews.com/tech/trumps-nuclear-strategy-takes-shape-former-manhattan-project-site-powers-up-ai-race-against-china

June 12, 2025

Nvidia Expands European Presence with Key Partnerships

Nvidia is partnering with key telecom firms across Europe to deploy tens of thousands of chips in various countries, including France, Italy, Spain, the UK, Germany, Sweden, Italy, Spain, the UK, and Finland. The chipmaker aims to support European customers as they build their own sovereign AI infrastructure amid global trade concerns. Nvidia will establish an AI factory in Germany for industrial manufacturing applications and open additional AI technology centers in these countries, including a partnership with Mistral AI, Orange, Swisscom, Telefónica, and Telenor.

https://www.techradar.com/pro/nvidia-expands-ai-infrastructure-reach-in-major-push-across-europe

June 12, 2025

OpenAI Seeks $40 Billion From PIF, Reliance, and MGX

OpenAI is in talks to secure a $40 billion fundraise from Saudi Public Investment Fund (PIF), India's Reliance, and UAE's MGX, according to The Information reports.

https://www.livemint.com/companies/news/openai-fundraise-talks-investors-saudi-arabia-pif-india-reliance-industires-uae-mgx-the-information-report-business-news-11749695724545.html

June 12, 2025

Perplexity AI Revolutionizes Online Search Experience

Online retailers gained direct access to customer-level data, including browsing patterns and personal preferences, allowing them to optimize pricing, tailor product recommendations, and build advertising businesses from the data. This shift gave e-commerce companies control over both transactions and attention, making them gatekeepers of influence, as seen in the case of Aravind Srinivas' Perplexity AI, which is changing the way we search for information online.

https://www.forbesindia.com/article/insead/how-ai-agents-are-rewriting-retail-power/96165/1

June 12, 2025

AI Threatens Mass Job Displacement, Not Utopia

Think AI might mean a pay rise and a shorter workday? Think again. Economist Shane Wright suggests that artificial intelligence may not bring about the benefits predicted by John Maynard Keynes, who envisioned a 15-hour workweek by 2030. Instead, AI could lead to job displacement on a massive scale, potentially wiping out hundreds of millions of jobs, plunging the world into a dystopian future.

https://www.smh.com.au/politics/federal/think-ai-might-mean-a-pay-rise-and-a-shorter-workday-think-again-20250611-p5m6i2.html

June 12, 2025

Google Offers Buyouts to US Employees Amid Overhaul

Google is offering voluntary buyouts to some US employees as part of an AI-focused overhaul, replacing layoffs for select teams. The move includes the Knowledge and Information (K&I) unit, which handles Search and Ads divisions. This strategy follows Google's notable layoffs in 2023 that affected 12,000 employees.

https://indiatoday.in/business/story/google-voluntary-buyouts-knowledge-ads-teams-ai-investment-voluntary-exit-programme-mention-report-2739707-2025-06-12