Musk testifies he did not read 'fine print' about OpenAI becoming for-profit company

Elon Musk is in court battling Sam Altman's lawyer over his lawsuit against OpenAI. Musk claims the AI company abandoned its nonprofit mission for profit. He seeks massive damages and a return to its original structure. OpenAI argues Musk is motivated by control and bitterness. The trial is ongoing and could shape AI's future.

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Meta sees daily active users decline by 20 million across FB, Instagram and WhatsApp: Here's why

Meta Platforms experienced a slight decline of 20 million daily active users across its social media platforms in Q1 CY 2026, marking a break in its growth streak. While external factors were cited, the dip may signal user saturation or dissatisfaction as the company heavily invests in AI and infrastructure.

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EV founders say PLI Auto needs an overhaul, leaves startup at a disadvantage

Electric vehicle startups are pushing back against the current production-linked incentive (PLI) scheme for automobiles, arguing its stringent eligibility criteria favor established players. EV-first companies, despite leading in technology and localization, are excluded, facing a significant cost disadvantage against traditional OEMs. Founders call for reforms to align the scheme with India's evolving EV landscape.

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Amazon beats quarterly cloud growth estimates on strong AI demand; AWS revenue jumps 28%

Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon is investing heavily in AI infrastructure, aiming to monetize these expenditures in the coming years.

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On witness stand, Elon Musk accuses Sam Altman's lawyer of trying to trick him

Elon Musk is in court accusing OpenAI's lawyer of trying to trick him. The trial centers on Musk's lawsuit claiming OpenAI abandoned its mission to benefit the public. He alleges co-founder Sam Altman and others created a for-profit entity for personal gain. OpenAI argues Musk wants to control the company.

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Elon Musk tells his side of OpenAI's beginnings in trial pitting him against CEO Sam Altman

Elon Musk testified for a second day in his trial against OpenAI co-founder Sam Altman, accusing him of betraying promises to keep the AI company a nonprofit. Musk claims he lost confidence by late 2022, believing Altman was trying to "steal the charity." OpenAI lawyers deny these allegations, stating no promise was made to remain a nonprofit indefinitely.

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Eternal Q4 revenue, profit surge on Blinkit boost

Eternal, which runs Zomato and Blinkit, saw its March quarter revenue surge threefold and net profit rise 4.5 times. Quick commerce margins improved significantly. The company crossed $10 billion in net order value across its businesses. This figure is expected to double in two years. Blinkit's growth is projected to exceed 60% over the next three years.

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Amazon secures exclusive rights to Oprah Winfrey's podcast

Amazon's Wondery has inked a multi-year deal with Oprah Winfrey's Harpo Entertainment. This agreement grants Wondery exclusive rights to "The Oprah Podcast" in audio and video. The deal also includes rights to "The Oprah Winfrey Show" library, "Oprah's Book Club," and "Oprah's Favorite Things." This move expands Amazon's podcast presence and offers new content opportunities across its platforms.

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Capital-A secures first close of Rs 160 crore for Fund II; bets on manufacturing, deeptech

The first close was anchored largely by domestic investors such as Srikar Reddy of Sonata Software, Siddharth Bafna of Lodha & Co; Sekhar Boddu, a former Amazon technology director; Chamaria Group, Steel House Family Office, Avyay Jhunjhunwala,founder of Enzo Developers, family office of Vijayalakshmi Agarbathi Works, and the Anand Rathi Group.

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OpenAI CEO apologises to Canada town for not reporting mass shooter

OpenAI's CEO Sam Altman has apologized to a Canadian town devastated by a February mass shooting, saying he was "deeply sorry" the company did not notify police about the killer's troubling ChatGPT account. Canadian officials condemned OpenAI's handling of the case and summoned company leaders to Ottawa to explain its security protocols.

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Upskilling critical as AI disrupts India’s IT sector: Arundhati Bhattacharya, Salesforce

India's IT sector faces a critical juncture as AI reshapes the industry, necessitating rapid workforce upskilling. Salesforce India CEO Arundhati Bhattacharya highlighted that while job disruption is unavoidable, new roles will emerge. She emphasized India's young, adaptable talent pool as a key advantage for continued global relevance, urging a proactive embrace of these transformative changes.

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