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OpenAI turns to Google's AI chips to power its products: The Information

OpenAI turns to Google's AI chips to power its products: The Information

Economic Times7 hours ago

Reuters OpenAI has recently begun renting Google's artificial intelligence chips to power ChatGPT and other products, The Information reported on Friday, citing a person involved in the arrangement. The move, which marks the first time OpenAI has used non-Nvidia chips in a meaningful way, shows the Sam Altman-led company's shift away from relying on backer Microsoft's data centres, potentially boosting Google's tensor processing units (TPUs) as a cheaper alternative to Nvidia's graphics processing units (GPUs), the report said.
As one of the largest purchasers of Nvidia's GPUs, OpenAI uses AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. OpenAI hopes the TPUs, which it rents through Google Cloud, will help lower the cost of inference, according to the report. However, Google, an OpenAI competitor in the AI race, is not renting its most powerful TPUs to its rival, The Information said, citing a Google Cloud employee. Both OpenAI and Google did not immediately respond to Reuters requests for comment. OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. For Google, the deal comes as it is expanding external availability of its in-house TPUs, which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two OpenAI competitors launched by former OpenAI leaders. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The bike taxi dreams of Rapido, Uber, and Ola just got a jolt. But they're winning public favour
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ETtech Explainer: Inside Amazon's victory against Future Group in Reliance deal
ETtech Explainer: Inside Amazon's victory against Future Group in Reliance deal

Time of India

timean hour ago

  • Time of India

ETtech Explainer: Inside Amazon's victory against Future Group in Reliance deal

The Singapore International Arbitration Centre (SIAC) ruled in favour of Amazon on Thursday, confirming that Future Group violated the contract by making a deal to sell its retail business to Reliance in takes a close look at the long-standing legal battle between Kishore Biyani-led Future Group and Amazon that was awarded only Rs 23.7 crore in damages after the Thursday ruling, which is far less than the Rs 1,436 crore it in 2020, Future Group, which owns major retail players like Big Bazaar, Food Bazaar, and Easyday, agreed to sell assets worth $3.4 billion to Amazon rival Reliance Industries as the business was hit hard during the ecommerce giant Amazon had previously invested $200 million in Future Group and had a contractual right to block such a acquired a 49% stake in Future Coupons , a promoter of Future Group that holds a 9.82% stake in the group's retail arm, Future Retail . The deal implied Amazon indirectly having a 4.81% stake in Future Retail Ltd (FRL).In October 2020, Amazon approached SIAC and obtained a stay on the Future-Reliance deal from the emergency arbitrator. The order was followed by a slew of petitions and counter-petitions between Amazon and Future Group in the Delhi High Court and in the Supreme is an arbitration centre based in Singapore that handles international disputes, including those involving Indian companies. Emergency arbitration ruling is a temporary relief mechanism to hear urgent matters before the main arbitration panel is even set objected to the Future Group and Reliance deal on the grounds that its investment in FCPL made it mandatory for FRL to take its consent before parting with any of its assets. Amazon has said that in its agreement with Future, Reliance Retail was specifically named as one of the entities to whom the Indian retailer could not sell its Retail further alleged that Amazon interfered with the Rs 23,000 crore deal with Reliance Industries and misused SIAC's interim Competition Commission of India (CCI) in December 2021 suspended its approval of Amazon's 2019 dea l with Future, denting the US ecommerce giant's attempts to block the sale of Future's retail assets to Reliance Group accused Amazon of violating Indian foreign investment laws and the Foreign Exchange Management Act (FEMA) by misrepresenting facts. CCI later made a statement that Amazon suppressed information while seeking clearances for the deal. ET had reported in November 2021 that Amazon had asked Future Group to withdraw its applications with the CCI. Amazon later filed an appeal against the CCI suspension decision at the National Company Law Appellate Tribunal (NCLAT).Next year in February, Reliance, which had not played a public role in the dispute, suddenly took control of hundreds of Future stores, citing non-payment of rent that was Future denies any wrongdoing , saying Amazon was illegally seeking to exert control over Future's retail business and said it would face liquidation if the Reliance deal fell has invested $6.5 billion in India. The Future partnership had helped Amazon to boost its online portfolio of grocery deliveries by integrating the Indian company's stores on its website. The recent ruling by the SIAC in favour of Amazon has hit Reliance's growth plans in India's retail market. In a confidential legal filing, Amazon said that Reliance's consolidated position with Future "will further restrict competition in the Indian retail market."Amazon India's legal head, Rakesh Bakshi, had asked Future Group for generous compensation in return for withdrawing its objections to the Reliance a final award issued late Thursday night, the three-member tribunal said that the Future-Reliance deal is a breach of the Shareholders' Agreement (SHA) and Share Subscription Agreement (SSA) signed between Amazon and Future Coupons Pvt Ltd (FCPL) in the tribunal found that even if all contractual agreements had been fully performed, Amazon would not have recovered its entire investment due to the declining financial condition of FRL.

What is common between Sam Altman and Sundar Pichai? Both of them went to...
What is common between Sam Altman and Sundar Pichai? Both of them went to...

Time of India

time3 hours ago

  • Time of India

What is common between Sam Altman and Sundar Pichai? Both of them went to...

One built a chatbot that sounds eerily human. The other turned a web browser into a global tech empire. One dropped out of college. The other stacked degrees like power-ups in a calculated climb to the top. Tired of too many ads? go ad free now And yet, both and ended up in the same place: the summit of the tech world. So what do the CEO of and the CEO of and Alphabet actually have in common? Well, somewhere between the lines of AI ethics, world tours, Chrome tabs, and viral ChatGPT prompts, there's a quiet little academic overlap. That's right — both Altman and spent time at Stanford University, the Hogwarts of Silicon Valley, where tech dreams are brewed with equal parts code and caffeine. But don't let the shared zip code fool you: their paths couldn't be more different. One chose rebellion (read: dropped out). The other chose refinement (read: Stanford and Wharton). One bet on startup chaos. The other steered a tech empire with calm precision. Yet here they are, running the digital universe from opposite ends of the AI spectrum. Let's rewind the tape and meet the men behind the algorithms. Sam Altman: Dropped out, then reprogrammed the future Before he was crisscrossing the globe as the face of OpenAI, Sam Altman was just a kid obsessed with computers and curious about how the world worked. Fast forward a few decades, and he's one of the most influential figures shaping the future of artificial intelligence. From dropping out of Stanford to launching billion-dollar ventures, Altman's career has been anything but traditional — but every move has been calculated, ambitious, and unmistakably bold. Hacking before it was cool Born in 1985 in Chicago and raised in St. Louis, Sam Altman's tech journey began with an Apple Macintosh and a screwdriver. Tired of too many ads? go ad free now At age 8, while most kids were figuring out Mario Kart, Altman was busy pulling apart computers and learning how to code. That early obsession would become the blueprint for a future in high-stakes innovation. Stanford: Brief but pivotal Altman attended John Burroughs School, an elite private school in Missouri, before heading to Stanford University to study computer science. But Stanford couldn't hold him for long. After just two years, he dropped out at age 19 to co-found Loopt, a location-based social networking app. The startup didn't exactly change the world, but it raised over $30 million in funding and sold for $43 million — not bad for a college dropout. The Y combinator era In 2011, Altman joined Y Combinator, Silicon Valley's premier startup accelerator, as a part-time partner. By 2014, he was its president, guiding the next generation of tech disruptors. Under his leadership, YC backed some of today's biggest names, including Airbnb, Dropbox, and Stripe, and expanded its vision to support 'hard tech' innovations like energy and biotech. The OpenAI revolution begins In 2015, Altman co-founded OpenAI with a mission to develop artificial intelligence that would benefit all of humanity. That mission eventually led to the creation of ChatGPT, a chatbot so sophisticated it's now writing essays, poems, speeches — and sometimes even startup pitches. OpenAI has since become a household name in the AI arms race. Crypto experiment with Worldcoin Just when you thought it couldn't get weirder, Altman helped launch Worldcoin, a bold — and controversial — project that scans people's irises to verify identity in exchange for cryptocurrency. The aim? A form of universal basic income and digital authentication. The reality? Global privacy debates and biometric skepticism. Though he never finished at Stanford, Altman doesn't need a diploma to validate his impact. The campus may not have handed him a cap and gown, but it did give him what he needed most: a launchpad to become one of tech's most influential minds. Sundar Pichai: The strategist who engineered Google's future Before he was leading one of the most powerful companies in the world, Sundar Pichai was just a kid in Chennai with a steel-trap memory and a fascination for numbers. While his classmates were scribbling notes, he could recall phone numbers with eerie precision — a nerdy talent that would someday power a career built on information, access, and innovation. Humble beginnings in Chennai Born in 1972 in Madurai, India, Pichai grew up in a middle-class Tamil household in Chennai. His father worked as an electrical engineer, while his mother was a stenographer. The family didn't own a telephone until Sundar was 12, but when they did, he was the one who memorized every number dialed — unknowingly foreshadowing his future in data-driven tech. From Metallurgy to Management Pichai's academic path was a globe-spanning masterclass in intellectual rigor: IIT Kharagpur: He earned a in Metallurgical Engineering, one of India's toughest disciplines at one of its most prestigious institutions. He earned a in Metallurgical Engineering, one of India's toughest disciplines at one of its most prestigious institutions. Stanford University: There, he pursued a Master's in Materials Science and Engineering, walking the same halls that Sam Altman would later briefly attend. There, he pursued a Master's in Materials Science and Engineering, walking the same halls that Sam Altman would later briefly attend. Wharton School of Business: He rounded off his education with an MBA, graduating as both a Siebel Scholar and Palmer Scholar, elite honors awarded to top-performing students. The browser that changed everything Pichai joined Google in 2004, and instead of diving straight into Search or Android, he focused on something overlooked at the time — the web browser. Leading the development of Google Chrome, he helped turn it into the fastest, most user-friendly gateway to the internet. Chrome's success became his calling card. From there, his rise was swift and strategic. He eventually took charge of: Gmail Google Maps Android ChromeOS He also became the go-to tech executive for major product launches and keynote moments. CEO of Google, then Alphabet In 2015, Pichai was named CEO of Google, a quiet but powerful promotion that signaled deep trust from the company's founders. By 2019, he was promoted again — this time to CEO of Alphabet, Google's parent company, overseeing one of the largest and most influential corporate ecosystems on the planet. The calm eye in tech's storm Unlike many Silicon Valley leaders, Pichai isn't known for big swings or fiery speeches. Instead, he brings a calm, thoughtful presence to the chaos — quietly managing billion-dollar products, fielding tough questions from governments, and navigating crises with an engineer's logic. While Sam Altman is busy pitching AGI and Worldcoin, Pichai is managing global platforms, writing ethical AI policies, and trying to keep the internet running (and responsible) for billions. Same campus, different missions So yes, they both went to Stanford. But while Altman saw it as a springboard out, Pichai treated it as a rung up. Altman's journey is a Silicon Valley fever dream — all risk, ambition, and moonshots. Pichai's path is more like a perfectly structured algorithm — optimized, calculated, and globally scalable. Altman is the experimental artist; Pichai, the master engineer. Together, they represent two sides of tech's future: Altman is building the tools to think for us. Pichai is managing the systems that know everything about us. The dropout and the scholar who rewired the world It turns out, there's no single path to becoming a tech icon. You can drop out or graduate with honors, scan eyeballs or launch browsers — as long as you think big, build bold, and maybe, just maybe, spend a little time in Palo Alto. Because whether you're asking ChatGPT to draft your essay or searching Google for how to cook quinoa, you're standing on the shoulders of two Stanford-touched minds who couldn't be more different — and more alike.

Bangladesh pays $384 million to Adani Power to clear majority of dues
Bangladesh pays $384 million to Adani Power to clear majority of dues

The Hindu

time3 hours ago

  • The Hindu

Bangladesh pays $384 million to Adani Power to clear majority of dues

Bangladesh paid $384 million to Adani Power in June, significantly reducing its outstanding dues under a power supply agreement with the Indian firm, according to sources. In June (till June 27), Bangladesh has paid $384 million of the committed $437 million to be paid during the month, two sources aware of the matter said. This would clear Bangladesh's "admitted" claims till March 31. With this, Adani's "claimed" dues, while still substantial, will come down to around $500 million (assuming Bangladesh meets its month-end commitment), they said. Bangladesh has struggled to meet its payment obligations under the 2017 deal, as rising import costs following the Russia-Ukraine conflict in 2022 and domestic political turmoil - which led to the ouster of prime minister Sheikh Hasina — strained the country's finances. As a result, Adani had halved supply last year and full supplies were resumed in March 2025 after the country's monthly payments started covering some of the dues. Nearly $1.5 billion paid With the latest payments, Bangladesh has paid nearly $1.5 billion of the roughly $2 billion total billed amount. Adani has reportedly agreed to waive late payment surcharge (LPS) for January-June period, amounting to about $20 million, if Bangladesh keeps its payment commitment. Sources said both parties are engaged in discussion to resolve some issues related to coal cost and plant capacity calculations. These are the key reasons behind the difference between "claimed" and "admitted" dues. When contacted, an Adani Power spokesperson confirmed the payments but didn't share details on "claimed" and "agreed" dues stating these discussions are private. The 2017 power supply deal between Adani Power and Bangladesh had come in for scrutiny after the ouster of the Sheikh Hasina-led government last year. Interim government, led by Nobel Peace prize laureate Muhammad Yunus, called for the formation of a high-level committee, comprising energy and legal experts, to re-examine the power purchase agreement (PPA). Under the 2017 deal, Adani Power's Godda power plant in Jharkhand was to supply 100 per cent of the electricity generated from burning coal, to Bangladesh for a period of 25 years. After payment defaults, Adani had cut supplies by half in November 2024. It restored full electricity supply, which is around 1,600 MW, in March after the country reduced liabilities. Bangladesh stepped up repayments from July last year, clearing monthly dues. This came after the country suffered from increased power shortages in rural areas. Struggling economy Bangladesh has been struggling to generate sufficient dollar revenues to cover the cost of essential imports such as electricity, coal, and oil. Its foreign currency reserves declined amid months of student-led protests and political unrest, which culminated in the ousting of the Sheikh Hasina government in August 2024. The interim government that succeeded her sought an additional $3 billion loan from the International Monetary Fund (IMF) on top of the existing $4.7 billion bailout package. Adani's power deal with Bangladesh was one of the many under Sheikh Hasina, which the current interim government has called opaque. Besides Adani Power, other Indian state-owned firms also sell power to Bangladesh, including NTPC and PTC India Ltd.

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