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Business News: Read latest Business News headlines, LIVE share market news and updates, financial, economic and banking news from India & across the World on Mint.
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AI Startup Discovery Loop, founded by former Google Chief Scientist Jeff Dean, seeks to raise funds at $50 bn valuation
7+ hour, 16+ min ago (303+ words) Discovery Loop, an artificial intelligence (AI) startup founded by Jeff Dean, a former chief scientist at Google, is seeking to raise funds again at a valuation of $50 billion. According to the report, the terms of the deal remain subject to…...
OpenAI’s Altman Says No IPO in 2026, Firm to Prioritize Safety | Company Business News
14+ hour, 34+ min ago (401+ words) (Bloomberg) -- OpenAI won’t go public in this year as the artificial intelligence company focuses on addressing safety-related concerns around the technology, Chief Executive Officer Sam Altman told Fortune in an interview. Altman said this year would be an “ill-advised moment…...
Oracle is betting big on AI and debt. Now Larry Ellison could cash in $7.5 billion | Company Business News
21+ hour, 31+ min ago (691+ words) Larry Ellison has adopted a trading plan that could allow him to sell as many as 50 million Oracle shares, worth about $7.5 billion at the current price. Oracle's aggressive push into artificial intelligence infrastructure is putting pressure on its finances even…...
Big Tech is pouring billions into AI, but Apple is taking a different innovation bet | Can it sustain growth without AI? | Company Business News
1+ day, 24+ min ago (516+ words) While Big Tech rivals race to spend billions of dollars on AI infrastructure, Apple appears to be taking a different route. It is using its available computing capacity only where needed and directing the maximum resources towards product development, software…...
Tech layoffs 2026: As AI takes center stage, here's a list of major companies that laid off employees | Company Business News
1+ day, 1+ hour ago (472+ words) September saw a fresh wave of job cuts across the global technology industry, as companies restructured operations, reassessed workforce needs, and redirected costs towards investments in artificial intelligence (AI). According to data from Layoffs.fyi, a tracking platform, 128,536 tech employees…...
Global fraud losses hit $442 billion in 2025: How AI is changing the economics of financial crime
1+ day, 4+ hour ago (859+ words) Global fraud losses reached $442 billion in 2025, according to the Bureau Global Fraud Intelligence Report 2026, released at the Global Fintech Fest (GFF) 2026 earlier this week. The report highlighted the figures mentioned in the 2026 INTERPOL Global Financial Fraud Threat Assessment earlier this…...
Anthropic in talks to bring Nvidia as anchor investor in potential $100 billion IPO: Report | Company Business News
1+ day, 7+ hour ago (504+ words) Anthropic is in talks to bring Nvidia in as an anchor investor in what could become the largest initial public offering in history, Reuters reported, citing two people familiar with the matter. The artificial intelligence startup is seeking to raise…...
Oracle adds $700 million to job-cut costs, taking restructuring bill to $2.8 billion amid AI push | Company Business News
1+ day, 8+ hour ago (237+ words) Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work. Ellison has been a major financial backer of his son David’s…...
Oracle to spend $700 million more on restructuring costs as it ramps up AI spending | Company Business News
1+ day, 11+ hour ago (518+ words) By Deborah Mary Sophia Sept 11 (Reuters) - Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 million as the cloud company seeks to rein in costs while spending billions to capitalize on booming demand for…...
What gaming tech firm ARC raised in pre-seed funding led by Chimera VC, MIXI Global Investments
2+ day, 22+ hour ago (359+ words) Gaming technology company ARC has raised ₹10.5 crore in a pre-seed funding round led by Chimaera VC and MIXI Global Investments. Dhruv Vohra, Director, APAC, Meta, was also present in the round as a personal guest. ARC, established by Jobin Joseph…...