Ishan Patra

The new arrangement gives OpenAI freedom to be on multiple cloud platforms and also simplifies the financial ties between the two companies.

Alphabet reported a Q1 net profit of $62.6 billion, up 81% YoY, including a $36.9 billion gain on equity securities, while revenue rose 22% YoY to $109.9 billion, marking its 11th straight quarter of double-digit growth.

Meta's Q1 revenue grew 33% to $56.3 billion, while net profit rose 61% to $26.8 billion, though earnings were boosted by a one-time tax benefit.

Microsoft’s Q3 performance was driven by its cloud business, which generated $54.5 billion in revenue, up 29% year-on-year. Overall revenue rose 18% to $82.9 billion, while net profit climbed 23% to $31.8 billion.

Amazon’s profit rose 77% to $30.3 billion, boosted by AWS, which drives ~60% of earnings. Heavy AI investment and chip growth support strong cloud-led global growth.

Apple CEO Tim Cook highlighted India’s rising middle class as the iPhone maker delivered strong double-digit growth, record revenue, and expanding services, despite supply pressures and intensifying AI competition.

India’s nuclear energy ecosystem is evolving across policy, science and startups, as the country navigates immediate energy needs and long-term technological ambition.

NVIDIA reported a strong first quarter as its net income soared 211% year-on-year to $58.3 billion, and revenue rose 85% to $81.6 billion.

India’s spacetech startups spent years proving they could build. They are now entering a more challenging phase, in which commercial-scale, long-term customers, and growth capital will determine who survives.

Anthropic's latest round comes a month after OpenAI closed its latest funding round with $122 billion in committed capital at a post-money valuation of $852 billion.