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The US, Oman, and Iran have agreed the contours of a deal to reopen the Strait of Hormuz that could be announced today, Axios reported. Oil prices plunged on the news, reflecting expectations of a lasting arrangement that has failed to materialize several times. The deal would im

Original | August 05, 17:27 IST Hours after the MP Nishikant Dubey-led parliamentary panel warned Meta over its content moderation practices, CEO Mark Zuckerberg has reportedly apologised for issues related to child abuse content, deepfakes and operational errors on platform oper

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. My home state of Michigan had a big election yesterday. While we wait for the race to be called, read why the word "communist" has been a popular one this primary c

A consortium led by the Public Investment Fund of Saudi Arabia has announced the completion of the $55 billion acquisition of video games maker Electronic Arts. The deal was also financed by private equity firm Silver Lake and Affinity Partners, which is led by President Donald T

Electric two-wheeler manufacturer River Mobility has raised $120 Mn (about ₹1,141 Cr) in its Series C funding round co-led by Elev8 Venture Partners and Claypond Capital. The round also saw participation from Singularity AMC, Anicut Capital, 360 ONE Asset, JIIF, and HDFC AMC, alo

Electric two wheeler maker River Mobility has raised $120 million in a Series C funding round comprising equity and venture debt, one of the largest private funding rounds in India's electric two wheeler segment. The equity round was led by Elev8 Venture Partners and Claypond Cap

While Swiggy's quarterly results highlighted continued investments in quick commerce, the company's earnings call offered fresh insight into how it plans to differentiate Instamart in an increasingly competitive market. Rather than focusing only on network expansion, management o

Amid growing instances of digital scams, the Supreme Court (SC) has directed the Reserve Bank of India (RBI) to strengthen measures against the growing threat by introducing a standard operating procedure (SOP) for banks within four weeks to deal with cyber fraud-linked accounts.

Google Assistant’s days have been numbered ever since Gemini arrived on the scene, and its time is now up. Google has announced that it will be removing access to Assistant on Android phones and tablets, along with paired devices like smartwatches or headphones, from September 4t

Market intelligence platform Tracxn reported its fourth consecutive loss-making quarter in Q1 FY27, with consolidated net loss widening 14% to ₹3 Cr from ₹2.6 Cr in the previous quarter. The company had posted a net profit of ₹1.1 Cr in the year-ago quarter. Operating revenue rem

The News The US has made permanent a pilot program requiring citizens of 50 countries — 30 of them African — to post bonds to obtain US tourist and business visas. Launched 12 months ago, the program instructed consular officers to set a bond of $5,000, $10,000, or $15,000, “base

Data intelligence platform Tracxn announced its Q1 FY27 results on Wednesday. The Bengaluru-based company reported flat revenue during the quarter, while it slipped into losses. Tracxn’s revenue from operations declined 0.6% to Rs 21.08 crore in Q1 FY27 from Rs 21.20 crore in the

The Infinite Machine Olto is a great electric scooter, one with an overall layout that echoes the classic Vespa. It’s comfortable, and it accelerates well, handles nicely, and has a capacious battery. It has a rugged design that seems capable of handling a lot of abuse, but it al

The News Africa’s early-stage startups are facing a new funding squeeze as venture capital firms increasingly prioritize backing proven companies over riskier young ventures in a bid to deliver returns to investors. In the first half of the year, African startups raised around $1

B2B ecommerce unicorn OfBusiness is looking to revive its IPO plans amid improvement in equities market condition. Sources told Inc42 that the SoftBank-backed startup will be looking to file for an IPO within the month of November. The proposed $800 Mn IPO could comprise a fresh

The Trump administration’s framework for assessing potential cybersecurity risks posed by advanced AI reportedly has no interest in testing open models. Axios reports that not only do the voluntary guidelines outright exclude open models — meaning anyone can download them and ins

The Bombay High Court (HC) on Wednesday (August 5) reportedly directed Meta, Google and other intermediaries to take down allegedly defamatory and AI-generated deepfake content targeting Union Minister Nitin Gadkari and linking him and his family to the Centre's E20 ethanol-blend

Anthropic's Mythos model created fake online identities as it looked to pressure humans into approving malicious code updates to an open source project, marking yet another cyber incident carried out by a frontier AI system. The incident happened during a cyber evaluation where t

Shares of Ola Electric climbed as much as 10.4% to an intraday high of ₹42.55 on the BSE today after the EV maker announced its first large-scale partnership for its upcoming commercial-scale battery energy storage system (BESS) platform, Ola Mahashakti. The stock later gave up s

At the turn of the millennium, India became the global hub for medical transcription. With fiber optic cables laid in the 1990s, American hospitals found it cheap and efficient to beam voice files across the ocean. Indian workers, fluent in English and medical terminology, turned

Household assistance startup Hulp has raised $2.6 Mn (about ₹25 Cr) in a seed funding round led by VC firms Sparrow Capital and BITKRAFT Ventures. While early stage VC DeVC also participated in the round, multiple angel investors including PB Fintech cofounder and chairman Yashis

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‘GPUs Suck’: Former Intel CEO Slams Data Center Hardware Limitations At Ai4, Pat Gelsinger says AI’s future hinges on boosting power efficiency, infrastructure, and economics – not simply deploying more GPUs. LAS VEGAS — “Today’s GPUs suck.” That was former Intel CEO Pat Gelsinge

Marico-owned men's grooming brand Beardo reported a strong financial performance in FY26, with revenue nearing the Rs 300 crore mark and improving profitability by 70% during the fiscal year. According to its standalone financial statements sourced from the Registrar of Companies

The News With the brutal Michigan primary behind them and Abdul El-Sayed looking likely to be their nominee, Senate Democrats are immediately refocusing on Republican nominee Mike Rogers, according to new details shared first with Semafor. The Democratic Senatorial Campaign Commi

The Trump administration told a handful of tech firms Tuesday that it will not publicly release its new framework for voluntary government reviews of advanced AI models, people familiar with the meeting told Semafor. The decision, reported first by Axios, is fueling industry conc