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Making herself laughing stock: BJP on Mamata's 'won't resign' move
After Mamata Banerjee said she won't resign as West Bengal CM after her party's defeat in state Assembly elections, BJP spokesperson Debjit Sarkar said, "She's only making herself a laughing stock." Sarkar stated that Mamata is free to approach Supreme Court over election outcome. "This reflects a sense of entitlement and anarchy," BJP MP Sambit Patra said on Mamata's move.
Vijay's ₹300-crore FDs in focus after his poll win, X users joke 'He's finfluencer's nightmare'
Multiple X users are discussing TVK Founder Joseph Vijay's assets, which include ₹313 crore parked in fixed deposits. "Vijay appears to be risk-averse but may be lacking proper financial advice," a user said, suggesting he invest in high dividend yield stocks of top PSUs. Another called him "finfluencer's nightmare", while a third said, "Who gave such a poor investment suggestion?"
OpenAI may spend $50 billion on computing power in 2026: Brockman
OpenAI expects to spend $50 billion on computing power in 2026, its President and Co-founder Greg Brockman said while testifying during Elon Musk's lawsuit against the firm. He further said that OpenAI's computing costs have risen from $30 billion in 2017 to tens of billions of dollars this year. OpenAI plans to invest $600 billion in total compute by 2030.
Meta building 'agentic' AI assistant for everyday tasks: Report
Meta is building a personalised assistant powered by its Muse Spark AI model to help users carry out everyday tasks, the Financial Times reported. The firm is internally training the AI agent codenamed 'Hatch' and aims to finish testing by June, The Information reported. Meta reportedly planned to develop a product similar to OpenAI-owned OpenClaw, which requires less human intervention.
Yellow alert issued for heat in Mumbai, Palghar over next 4 days
The India Meteorological Department (IMD) has issued a yellow alert for Mumbai, Thane, Palghar and Raigad districts of Maharashtra over the next four days, forecasting hot and humid conditions. In the next 48-hour period, the maximum and minimum temperatures are likely to be between 27 and 35°C. Dry conditions are also expected on Sunday in Mumbai Metropolitan Region.
Microsoft to retire Xbox Copilot AI assistant before it launches on console
Microsoft is planning to retire its AI-powered gaming assistant Copilot for Xbox. The firm will be winding down the AI assistant on mobile and stop its development on console, Xbox CEO Asha Sharma said in a post. The move is a part of wider changes, as Sharma said Xbox would be retiring features that don’t align with its future.
Facebook Co-founder's fund to invest $100 mn/yr in India: Report
Facebook Co-founder Eduardo Saverin’s venture capital firm B Capital is increasing its focus on India, planning to invest $50 million to $100 million annually, Mint reported. The fund will target sectors such as AI, robotics and deep tech. With over $10 billion in assets under management, the firm considers India its second-largest market after the US.
Reliance planning to enter LEO satcom sector to take on Starlink: Report
Mukesh Ambani’s Reliance Industries is planning to enter the satellite communications sector, with billions of dollars earmarked for launching low Earth orbit (LEO) satellites, The Economic Times reported. The move would pit it against global players like Starlink and Amazon Leo. It is expected to be housed under Jio Platforms. Six teams have been formed to work on the project.
RBI weighs plan to issue foreign bonds to support rupee: Report
The Reserve Bank of India is considering a plan for state-owned lenders to issue foreign-currency bonds, a method last used nearly 30 years ago to attract capital inflows and support the rupee, Bloomberg reported. Officials have discussed bonds with a potential five-year maturity. In 1998, SBI raised over $4 billion through the Resurgent India Bonds.
Reliance to briefly shut some units at 6.6 lakh bpd refinery
Reliance Industries will temporarily shut some units at its 6,60,000 barrels-per-day refinery for maintenance, Sujata Sharma, Joint Secretary at the Petroleum and Natural Gas Ministry, said. The shutdown will take place after Nayara Energy resumes operations later this month. There will be no increase in domestic LPG, petrol or diesel prices as a result, she added.