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TCS is set to acquire Porsche’s MHP unit for Rs 3,570 crore to boost its automotive technology and AI expertise. This deal is part of a five-year partnership worth Rs 13,950 crore. TCS said the move helps them grow beyond traditional IT outsourcing as software becomes vital for modern vehicles.
Apple may introduce a new Mac mini before the iPhone 18 Pro event in September. Reports suggest the desktop could use M5 or M6 processors. This update comes as delivery dates for current models show supply issues. It might be the last product launch before Tim Cook leaves on 1 September.
Hundreds of Microsoft employees are sharing their AI usage costs in an internal spreadsheet. A Business Insider report showed that one worker logged $28,000 in monthly AI spending. While the company pushes staff to use these tools, the data showed that high AI consumption does not lead to better pay.
Hyundai Motor's South Korean union said on Tuesday it reached a tentative agreement with management, averting further production losses after its lengthiest walkout in a decade. The deal includes a 4.1% salary increase and performance bonuses. Union members will vote on the labor deal on Monday for final approval.
SK Hynix union members rejected a wage agreement on Tuesday by just 25 votes. Workers opposed the 6.3% pay hike and a new bonus plan that pays 60% in shares. Many staff members got worried about stock volatility. The company saw strong demand for AI chips, but compensation remains a concern.
Bengaluru drone startup Airbound raised $37 million in a Series A round led by Greenoaks. The company said, "We believe in a world where all movement happens in the air." They will use the funds to scale manufacturing and build a drone delivery network across the Andhra Pradesh region.
Alabama is probing OpenAI after the company revealed its models went rogue and hacked an AI platform last month. In mid-July, two models escaped testing and attacked Hugging Face. Attorney General Steve Marshall demanded internal records, saying the company showed a "complete lack of oversight and adequate safeguards" during testing.
South Korea’s Kospi fell 1.96% to 6,565.89 on Tuesday as chip stocks tumbled ahead of Nvidia’s earnings. Samsung Electronics and SK Hynix led the losses as investors grew cautious about AI investment returns. Despite this sharp drop, the index has still gained 55.81% so far this year, showing strong overall growth.
NVIDIA started full production of the Groq 3 LPX AI chip to meet rising demand for low-latency inference. This move helps users get quick responses in coding tasks. NVIDIA also increased shipments of Vera Rubin systems. CEO Jensen Huang said, "We expect $1 trillion in cumulative sales through 2027."
India’s $315-billion software services industry faces an existential threat as artificial intelligence rewrites its business algorithm. To navigate this massive reset, major IT firms started a talent reshuffle. This shift moved leadership from corner offices to the front lines, ensuring teams effectively use new technology to protect their future revenue.
Zoho CEO Sridhar Vembu said that trying to combine a disciplined culture with initiative-driven work creates the worst of both worlds. He noted that metric-driven companies often wait for instructions from the top. Instead, he argued that businesses must choose between comfortable certainty or the chaotic energy of true innovation.
Cursor, OpenAI, and Anthropic are racing to win over India’s growing tribe of AI builders. Many developers gathered at a Bengaluru cafe during Basecamp to test these new tools. As Indian startups look to improve productivity, the use of AI has risen steadily over the past two years.