Infosys logs 21% jump in Q4 profit

Infosys, India's second-largest IT firm, announced robust revenue and net profit figures for the fourth quarter of FY26. Despite outperforming rivals, the company issued a wider annual revenue forecast for FY27. This cautious outlook reflects global economic shifts and the impact of artificial intelligence on the IT sector.

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Meta tells staff it will cut 10% of jobs in push for efficiency

Meta Platforms is set to lay off approximately 8,000 employees, about 10% of its workforce, on May 20. This significant workforce reduction aims to boost efficiency and offset substantial investments in artificial intelligence development. The company is also freezing 6,000 open positions. Affected employees will receive generous severance packages and support services.

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Sundar Pichai reaffirms $185 billion capex spending by Google in 2026

Google plans a massive $185 billion investment in artificial intelligence infrastructure this year. CEO Sundar Pichai highlighted AI's growing role in software development and security. New platforms like Gemini Enterprise Agent and advanced chips like TPU 8t and TPU 8i are being introduced. This significant spending signals Google's strong focus on enterprise AI solutions and future growth.

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Microsoft appoints Daniel Shapero as LinkedIn's new CEO

Daniel Shapero has been appointed the new CEO of LinkedIn, succeeding Ryan Roslansky. Shapero, an early employee who joined in 2008, previously served as LinkedIn's Chief Operating Officer. Roslansky will continue at Microsoft, taking on expanded responsibilities in the Office productivity group.

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Blockchain billionaire Sun takes Trump family's crypto firm to court

Justin Sun is suing World Liberty Financial, a crypto venture co-founded by Donald Trump and his sons. Sun alleges the company illegally froze his token holdings, worth approximately $320 million. He claims World Liberty secretly installed tools to prevent him from selling his tokens. The company denies the allegations, calling them meritless.

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Apple's Ternus era hints at renewed hardware focus, AI growth push

Ternus, a 25-year veteran who has overseen development of key products including multiple iPhone generations, will take the helm in September, succeeding Tim Cook after more than a decade of ‌strong growth that ⁠saw ⁠Apple's market value swell to around $4 trillion.

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AI platform NudgeBee raises $3 million in funding from Kalaari Capital

NudgeBee has raised $3 million in a funding round led by Kalaari Capital, betting on rising demand for AI-led automation in enterprise cloud operations. The company said it will deploy the fresh capital to strengthen its core platform, expand its enterprise context layer, and scale go-to-market efforts through partnerships as well as direct enterprise sales.

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Lovable denies data breach, says public settings are ‘intentional’

Lovable data breach: Stockholm-based AI app-building platform Lovable said it did not suffer a data breach after concerns surfaced over the visibility of chat messages and code in projects set to public.

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Elon Musk skips hearing in French probe of X

Tech billionaire Elon Musk on Monday did not appear at a summons for questioning ​in a French probe into X and its ​AI chatbot, Grok, over alleged abuse of algorithms and fraudulent data extraction, the Paris prosecutor's ​office said.

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Senior IT executives join AI party as startup founders

Senior Indian IT executives are launching their own AI startups, leveraging years of client contacts and enterprise knowledge to offer cost-efficient AI-led services. This trend is accelerating as agentic AI allows smaller, agile teams to compete with larger IT incumbents, filling niche market demands and attracting venture capital.

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Blue Origin achieves first landing of reused New Glenn rocket booster

Blue Origin successfully landed its New Glenn rocket booster for the first time after launching AST SpaceMobile's BlueBird 7 satellite. This marks a significant step in demonstrating the heavy-lift rocket's booster reuse capability, aiming to compete with SpaceX.

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