Microsoft-IREN deal: Tech giant inks $9.7 billion AI cloud pact for Nvidia chips; aims to bolster data centre capacity amid soaring AI demand

[ad_1] Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet…

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Bharat Biotech forays into CRDMO space with new cell & gene therapies arm Nucelion Therapeutics

[ad_1] HYDERABAD: Vaccine maker Bharat Biotech is foraying into the contract research development and manufacturing organisation (CDRMO) space with the setting up of a new wholly-owned subsidiary, Nucelion Therapeutics Pvt Ltd, that is focused on cell and gene therapies (CGT).Announcing its entry into this high growth CRDMO segment, Bharat Biotech said the new entity will…

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Will scrap Adani power deal if graft is proved: Bangladesh

[ad_1] DHAKA: Bangladesh will not hesitate to cancel a 2017 power contract with India’s Adani group if any irregularities or corruption are proven, said the Muhammad Yunus-led interim government, referring to an interim report that claimed “massive governance failure” and “massive corruption” across the energy sector.The report was submitted by the national review committee, established…

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OpenAI-Amazon cloud deal: OpenAI seals $38 billion deal with Amazon for AI computing power; Microsoft exclusivity ends

[ad_1] OpenAI has signed a $38 billion agreement with Amazon to run its artificial intelligence systems on Amazon Web Services (AWS), gaining access to “hundreds of thousands” of Nvidia’s AI chips through the deal announced Monday, AP reported.The partnership comes just days after OpenAI revised its arrangement with longtime backer Microsoft, which will no longer…

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Gold slides Rs 11,000 from peak as dollar strengthens: Silver outperforms with festive boost; should you buy the dip or wait for more correction?

[ad_1] Gold prices slipped close to a three-week low on Monday, dragged down by a stronger dollar and easing trade tensions between the US and China. On the Multi Commodity Exchange (MCX), gold opened weaker at Rs 1,21,284 per 10 grams, down Rs 224 or 0.18%, while silver prices gained Rs 1,087 or 0.73% to…

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Profit paradox: What’s distorting IPO valuations? Zerodha’s Nithin Kamath shares striking insights

[ad_1] Nithin Kamath (File photo) For anyone investing in IPOs or tracking startup stocks, Zerodha co-founder Nithin Kamath has offered a striking explanation for why many venture-backed firms prefer losses over profits — and how India’s tax structure may be quietly driving that behaviour.In a detailed post on X, Kamath pointed out that taking money…

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Bharti Airtel Q2 results: Profit more than doubles to Rs 8,651 crore; ARPU outpaces Jio amid premium user push

[ad_1] Bharti Airtel on Monday reported that its consolidated net profit more than doubled year-on-year to Rs 8,651 crore for the September quarter of FY26, driven by strong growth in high-value smartphone users and post-paid connections.The telecom major had posted a profit of Rs 4,153.4 crore in the same quarter a year ago. Its Africa…

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