SoftBank Shares Slip 40% as AI Bubble Fears Worsen

DeepSeek has achieved a significant milestone by joining OpenAI and Google in winning gold at the International Mathematical Olympiad (IMO) 2025 with its open weights model, DeepSeekMath-V2, which is now available under the Apache 2.0 license. This recognition highlights the advancements in AI-driven mathematical modeling and problem-solving capabilities.

CloudExtel has successfully raised ₹200 crore to expand its data centre interconnect network, a move aimed at enhancing connectivity and efficiency in data management across India. This funding is crucial for the company's growth in the rapidly evolving AI and data centre landscape.

OpenAI is projected to have 220 million paying users by 2030, yet reports from HSBC indicate that the company will not achieve profitability during this period. This raises concerns about the sustainability of its business model despite significant user growth.

Wipro has announced a collaboration with the Indian Institute of Science (IISc) to advance research in artificial intelligence and quantum computing. This partnership aims to leverage IISc's expertise in these cutting-edge fields to enhance Wipro's technological capabilities and innovation potential.

Microsoft has unveiled the Fara-7B, an agentic AI model built on the Qwen framework, designed to operate directly on personal computers. This model is trained on 145,000 synthetic trajectories generated through the Magentic-One framework, enabling users to perform complex tasks locally while enhancing privacy and reducing reliance on cloud services.

HP has announced plans to lay off up to 6,000 employees globally by 2028 as part of a strategic shift towards enhancing product development through artificial intelligence. This decision is driven by a lower-than-expected profit outlook and aims to save the company $1 billion. The layoffs will primarily affect roles in product development and customer support as the demand for AI-enabled PCs increases.

Expedia is intensifying its focus on artificial intelligence, asserting that its strategies in personalization, data scale, and rapid innovation will keep it competitive against Google's advancements in AI technology.

Google has strengthened its position in the AI landscape with the introduction of Gemini 3, supported by its Tensor Processing Units (TPUs), which has raised concerns for competitors like NVIDIA. This development highlights Google's aggressive strategy to enhance its AI capabilities and market share.