Amazon to invest $233M to enhance its India infrastructure
Amazon is investing $233M in its India business to expand operations infrastructure, build new tools for its delivery network, and work on employee safety.
Humain planning $10B VC fund to invest in US, European and Asian startups
Humain, the state-owned AI company from Saudi Arabia, is reportedly on track to launch a $10 billion venture fund, Humain Ventures.
Databricks to buy open-source database startup Neon for $1B
Data analytics platform Databricks said on Wednesday that it has agreed to acquire Neon, a startup building an open source alternative to AWS Aurora Postgres, for about $1 billion. Databricks said acquiring Neon’s tech would…
Tech stocks look set to jump as U.S. and China pause reciprocal tariffs
U.S. tech stocks, along with the broader stock markets, seemed ready to start the day with a high, as the United States and China on Monday agreed to temporarily cut reciprocal tariffs for 90 days.…
Match to lay off 13% of staff
Dating app giant Match Group is laying off 13% of its staff as part of a reorganization that aims to reduce costs and simplify its organizational structure.
Mitsubishi in talks to source its new EVs for Australia, New Zealand from Foxconn unit
Mitsubishi Motors is in talks with Taiwan-based Foxconn’s EV division to source an EV model for the Australia and New Zealand markets.
OpenAI expects to cut share of revenue it pays Microsoft by 2030
OpenAI currently has a deal to share 20% of revenue with Microsoft, but the AI company expects to cut that share to 10% by 2030, The Information reported.
DoorDash to buy UK’s Deliveroo for $3.86B
DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.85 billion).