Meta released its earnings report for Q4 2024 on Wednesday. According to the report, Reality Labs posted a loss of $4.97 billion (roughly Rs. 43,040 crore) in Q4 2024. The Meta subsidiary generated $1.1 billion (roughly Rs. 9,526 crore) in sales during the same period. In 2024, Meta’s total revenue stood at $164.50 billion (roughly … Read more
San Francisco: OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday. Japan’s SoftBank is leading the investment round and is in talks to invest $15-25 billion in the deal that … Read more
SoftBank is in talks to invest up to $25 billion (roughly Rs. 2,16,450 crore) in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector. SoftBank could invest $15 billion (roughly Rs. 1,29,880 crore) to $25 billion (roughly Rs. 2,16,450 crore) directly into Microsoft-backed OpenAI, some of which may … Read more
Meta Platforms plans to invest as much as $65 billion (roughly Rs. 5,61,908 crore) on projects related to artificial intelligence in 2025, including building a giant new data center and increasing hiring in AI teams, Chief Executive Officer Mark Zuckerberg said Friday. The company intends to use the funds to build a data center “so … Read more
San Francisco: Meta chief executive Mark Zuckerberg on Friday said the tech giant plans to invest at least $60 billion in artificial intelligence in 2025, aiming to lead in the technology. “This will be a defining year for AI,” Zuckerberg said in a post on his Facebook page. Zuckerberg expects Meta AI to be the … Read more
Washington: US President Donald Trump on Thursday dismissed criticism from close ally Elon Musk about a $500 billion artificial intelligence project that Trump announced with great fanfare at the White House earlier this week. Trump announced on Tuesday that ChatGPT’s creator OpenAI, SoftBank, and Oracle are planning a joint venture called Stargate, which he said … Read more
Riyadh: Saudi Crown Prince Mohammed bin Salman promised on Thursday to pile $600 billion into US trade and investments as he congratulated Donald Trump on his return to the White House. Prince Mohammed, de facto leader of the world’s biggest oil exporter, made the pledge in a phone call following Trump’s inauguration on Monday, state … Read more
Riyadh, Saudi Arabia: Saudi Crown Prince Mohammed bin Salman congratulated Donald Trump on his return to the White House, saying in a call on Thursday that the kingdom would massively expand its investment and trade with the United States. Saudi Arabia’s de facto ruler passed on congratulations from his father, King Salman, during the call … Read more
The demand for Chinese products in the Indian market has continued to decline during the Diwali and Dentra festivals in the past few years. In particular, sales of decorations dropped significantly compared with the previous period. Sales of domestic goods increased as demand was low and imports fell. In fact, the effects of Prime Minister … Read more