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Apple OpenAI: Apple renews talks with OpenAI for iPhone generative AI features: report

The companies have begun discussing terms of a potential agreement and how OpenAI features would be integrated into Apple's next iPhone operating system, iOS 18, the report said, citing people familiar with the matter.

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chip bans: US chip bans not meant to hobble China's growth, Blinken says

Since 2022, US officials have imposed sweeping controls on which computing chips can be exported to China, cutting off some sales from Nvidia, Advanced Micro Devices and Intel, among others. Those controls followed earlier bans on shipping chips to Huawei Technologies.

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AI safety: Sam Altman, Satya Nadella in US Homeland Security's AI security advisory board

The board will develop recommendations for the transportation sector, pipeline and power grid operators, internet service providers and others to "prevent and prepare for AI-related disruptions to critical services that impact national or economic security, public health, or safety."

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Lyskraft seed funding: Mohit Gupta, Mukesh Bansal's omnichannel fashion startup Lyskraft raises $26 million in seed funding

Former Zomato executive Gupta will steer the venture as CEO, Bansal to stay away from operations. The fashion startup will focus on offline play in the premium women's wear fashion category and expand into other lifestyle segments later.

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Tata Electronics: Tata Electronics building Hi-tech machines to make iPhone casing

Tata Electronics is internally developing "very sophisticated" and complex high-precision machines used to produce the casing of these iPhone, sources told ET.

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Wibmo: PayU's Wibmo building full-stack payment gateway solutions

PayU-owned Wibmo is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer markets.

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Tech Mahindra: Tech Mahindra Q4 net profit down 41% to Rs 661 crore; revenue tanks 6.2%

The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain.

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Intel forecast: Intel forecast misses estimates; shares tumble

Intel predicts lower Q2 revenue and profit, shares down 8%. Weak demand for data center, PC chips. Nvidia leads AI market. Gelsinger optimistic about Intel rebound.

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Microsoft: Microsoft results top Wall Street targets, driven by AI investment

Microsoft beats revenue expectations with AI adoption in cloud services. Stock jumps 4%. Forecasted cloud revenue above Wall Street. Microsoft's value increased by $128 billion. Azure revenue exceeded estimates.

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Snap: Snap beats first-quarter expectations, shares jump 25%

Snap exceeded revenue and user growth expectations, with shares spiking 25%. Improved ad system and user interaction drove Q1 revenue to $1.2 billion. Daily Snapchat users increased to 422 million, and Snap introduced a TikTok-like feature, preparing for potential TikTok ban.

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