Supantha Mukherjee
Stories by Supantha Mukherjee
Saudi Aramco unit in talks to invest $1b in US software maker Mavenir: report
The deal by Aramco Digital would be its first major transaction in a telco.
Accel raises $650m to invest in AI, cybersecurity startups
The new fund will be Accel's eighth since opening its London office in 2000.
Europe agrees to landmark AI rules in bid to lead global race
The EU moves toward becoming the first major world power to enact laws governing AI.
Spotify to trim 17% staff in third layoff round this year
It currently has 601 million users, up from 345 million at the end of 2020.
Nokia to axe up to 14,000 jobs after 20% sales drop in Q3
Nokia has been grappling with slowing demand for 5G equipment.
Around 60% of new unicorns are GenAI startups, says VC firm Accel
Funding in European and Israeli GenAI startups was close to $1b in the last 12 months.
Southeast Asia adopts hands-off approach on AI rules, defying EU ambitions
EU officials earlier this year toured Asian countries in a bid to convince governments in the region to follow its lead in adopting new AI rules.
OpenAI CEO Sam Altman says no plan for IPO due to ‘strange’ company structure
OpenAI has so far raised $10b from Microsoft at a valuation of almost $30b.
Sweden’s Klarna raises $800m, valuation plunges 85% in a year
Sequoia, Bestseller, and Silver Lake invested.
TCS plans to step up European expansion with more research hubs in Europe
Europe accounted for a third of TCS's annual revenue of $25.7b in its past financial year.
