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Meta prepares to unwind its $2 billion Manus acquisition after China’s block

Meta is preparing to unwind its approximately $2 billion acquisition of the agentic AI startup Manus after China’s National Development and Reform Commission formally ordered the deal’s cancellation on Monday, the Wall Street Journal reported, citing people familiar with the matter. Beijing has given Meta and Manus a preliminary deadline of several weeks to reverse […]

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Microsoft drops its exclusive licence to OpenAI’s technology

Both companies announced the revised agreement in a joint statement on Monday. Microsoft retains a non-exclusive licence to OpenAI’s intellectual property through 2032, remains the primary cloud partner, and keeps its 27% equity stake. OpenAI will continue paying Microsoft a revenue share through 2030, capped at a total amount. Microsoft shares fell ~3% on the […]

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India’s Acko hires Kotak, ICICI Securities, and Morgan Stanley for a $350 million IPO targeting a $2.5 billion valuation

The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. In FY25 it grew revenue 35% to Rs 2,837 crore and cut net losses by 37%. It has raised over $583 million in total funding. Acko, the Bengaluru-based digital-first general […]

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Intel beats expectations for the sixth straight quarter as AI demand for CPUs surges

Q1 revenue of $13.6 billion beat the $12.4 billion consensus by 9.4%. Data Centre and AI revenue rose 22% to $5.1 billion. Non-GAAP EPS of $0.29 beat the 1-cent consensus by a factor of 29. The stock is up more than 80% this year. Intel is working with Elon Musk on his planned Terafab chip […]

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