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Time of India
an hour ago
- Time of India
Google to pay $2.4 billion in deal to license tech of Windsurf: Report
-Google has agreed to pay about $2.4 billion in a deal to license the technology of artificial intelligence-assisted coding tool Windsurf, The Wall Street Journal reported on Friday, citing people familiar with the could not immediately confirm the on Friday, a Google spokesperson told Reuters that the company has hired Windsurf CEO Varun Mohan, co-founder Douglas Chen, and select members of the coding tool's research and development team to join its DeepMind division, in a move to strengthen itself in the race for AI leadership.
Time of India
an hour ago
- Time of India
From 400 rejections to Uber's Board: The unstoppable rise of Nikesh Arora
നികേഷ് അരോര Nikesh Arora is a name that's becoming hard to ignore in tech circles. Born in 1968 in Ghaziabad, India, the son of an Air Force officer grew into one of Silicon Valley's most powerful executives. He climbed from IIT‑BHU to Boston College and Northeastern, later earning a CFA before launching his career at Fidelity in 1992. After 400 rejections—yes, four hundred—he landed that first finance job, proof that grit beats glamour every time . From there, he rocketed to Google in 2004. At its peak, he helped scale ads‑revenue from around $2 billion to over $60 billion—thank you, YouTube and mobile boom . But Arora didn't just chill on that success. In 2014, he swapped Google for SoftBank, rising to president and COO and commanding a jaw‑dropping compensation package that set Japanese records Since June 2018, Arora has been at the helm of Palo Alto Networks, the cybersecurity heavyweight. U nder his leadership, the company's market value has surged past $130 billion, and he became one of the highest‑paid CEOs in the U.S. in 2023, raking in around $151 million. He's also made a splash in the boardroom, joining firms like Richemont, Colgate‑Palmolive, Bharti Airtel—and now, Uber. He talked up the product's explosive adoption: half‑a‑million‑dollar ARR deals and bookings hitting nearly $1 billion. Bold. In late May 2025, Arora added another title: Uber board member. Effective May 31, Uber announced he'll sit on its nominating/governance and compensation committees, taking a $60k cash retainer plus $300k in prorated RSUsCEO Dara Khosrowshahi called Arora 'one of the technology industry's great executives,' praising his strategic and discipline‑driven leadership. Uber board chair Ron Sugar echoed that, saying Arora's global tech savvy is a perfect fit as Uber accelerates toward autonomy and rideshare innovationArora himself described the timing as 'exciting,' noting Uber's critical role in autonomous mobility—a space where his cybersecurity expertise could pay off big Nikesh Arora: Net worth Nikesh Arora's wealth story isn't your typical Silicon Valley origin tale of venture capital and startups. Instead, it's a saga of grit, executive power, and mega payouts. Back in early 2024, Bloomberg pegged Arora's net worth at about $1.5 billion, thanks largely to his deep equity stashes from Google, SoftBank, and Palo Alto Networks. Forbes echoes that figure, ranking him among the world's billionaire CEOs. But those are broad strokes—more up-to-date numbers show some fluctuation. As per reports, as on July 11, 2025, his net worth is around $207 million in stock holdings, primarily 1.076 million shares of Palo Alto Networks (~$202 million) plus about $5 million in Alphabet shares. Reports also say that Arora still holds around 2.2 million PANW shares, valued at roughly $459 million, and his total net worth is estimated at about $1.4 billion as of July 9, 2025. Bloomberg once noted that his stock stake in PANW was worth around $830 million, and combined with other investments, it pushed him well into billionaire territory. The information provided in this article is for general informational purposes only and is based on publicly available sources as of July 2025. While efforts have been made to ensure accuracy, net worth estimates and corporate details may fluctuate over time and may not reflect current financial data. This article does not constitute financial, investment, or legal advice. Readers are advised to verify facts independently and consult appropriate professionals for specific guidance or decisions related to any individual or company mentioned.
Mint
2 hours ago
- Mint
Google DeepMind hires Windsurf CEO as OpenAI's $3 billion acquisition collapses
Google parent Alphabet has struck a deal to acquire top talent and licensing rights from AI coding startup Windsurf, according to a Bloomberg report. The tech giant will not take a stake in Windsurf but its top executives including CEO Varun Mohan and co-founder Douglas Chen have been hired to work at Google's DeepMind unit. Notably, Windsurf had previously agreed to be acquired by OpenAI for $3 billion. The deal, however, fell apart reportedly due to ChatGPT maker's tensions wit Microsoft - it's biggest investor. OpenAI didn't want Microsoft to use Windsurf's intellectual property and it turned out to be one of the sticking points in the two companies' talks as OpenAI restructures to a commercial entity. As per the existing agreement Microsoft has wit OpenAI, it is entitled to access the AI startup's technology. The Bloomberg report quoted an OpenAI spokesperson as confirming that the exclusivity period on the acquisition offer had lapsed which left Windsurf free to consider other bids. Chris Pappas, a Google spokesperson while confirming the development to The Verge, said, 'Gemini is one of the best models available and we've been investing in its advanced capabilities for developers,' 'We're excited to welcome some top AI coding talent from Windsurf's team to Google DeepMind to advance our work in agentic coding.' He added. 'We are proud of what Windsurf has built over the last four years and are excited to see it move forward with their world class team and kick-start the next phase.' Mohan and Chen said in a statement quoted by The Verge. Windsurf is a among a number of new age companies that have build AI based coding assistants to allow users to write code based on natural language prompts. The startup was founded in 2021 and since then it has raised over $200 million from investors like Greenoaks Captial Partners and AIX Ventures.
