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US software shares climbed to fresh 2026 highs as investors grew more confident that artificial intelligence will boost rather than undermine the sector. Strong earnings, expanding AI partnerships and rising cybersecurity demand have improved growth expectations, even as longer-term automation risks remain on the horizon.
IIT Madras, its Research Park and Unicorn India Ventures have announced a first close of Rs 450 crore for a Rs 1,000 crore fund aimed at advanced technology startups, with the final close expected by December 2026. The fund has already deployed nearly Rs 55 crore across four deep-tech startups as it sharpens its focus on sectors seen as strategically important to India's industrial and national security ambitions.
Akamai Technologies has signed a seven-year, $11.6 billion cloud computing agreement with Anthropic, a deal that could expand to $20 billion and underscores the surging demand for AI infrastructure beyond GPUs. The partnership gives Akamai a major foothold in enterprise-scale cloud computing while Anthropic gains access to distributed infrastructure designed to support its growing CPU workloads.
Tesla has started delivering its long-awaited Semi electric trucks to an initial group of customers, nearly nine years after Elon Musk first unveiled the vehicle. The launch marks Tesla's push into commercial freight at a time when diesel costs remain elevated and demand for zero-emission trucking is gaining momentum, even as the company continues to face questions over production timing and scale.
ESDS Software Solutions has announced a robust 14% year-on-year increase in net profit for Q1 FY27, reaching ₹29.3 crore, while revenue grew by 7%. This performance underscores the company's resilience in the competitive enterprise cloud and AI sector.
Nscale, a leading British AI neocloud company, has secured $3.36 billion in convertible financing from notable investors including Third Point and Nvidia. This significant funding will support Nscale's ambitious AI data center expansion plans as it prepares for a U.S. IPO.
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