Business

Google Lays Off 200+ Contractors behind Gemini AI

By BPN News Desk
Google has terminated more than 200 contractors who worked on its Gemini chatbot and AI Overviews feature. The trimmed workforce were employees of outsourcing firm GlobalLogic and its subcontractors—not directly on Google’s payroll. Roles & Cost The laid-off contractors were part of a group known as “super raters.” Many had advanced degrees and were responsible […]
Business

Oracle Shares Slip After AI-Driven Surge

By BPN News Desk
Oracle shares dropped about 5% on September 11, 2025, after a massive rally the previous day that pushed its market value close to $1 trillion. The prior day’s gains were driven by big cloud deals with AI companies, especially OpenAI. Big AI Deals The surge came after reports that Oracle secured a deal with OpenAI […]
Op-Eds Opinion

Global Tech Rotation, Not Foreign Plots: Explaining the FII Exit from Indian IT

By BPN News Desk
Indian equities—especially IT services—are facing outsized FII outflows and heavy index shorts, spawning a rumour that “foreign powers” are sabotaging the market. The evidence says otherwise: FY26 Q1 prints across Indian IT were soft; global consulting peers flagged cautious demand; and capital has rotated toward AI-infrastructure supply chains in Taiwan and Korea offering
Image: World Economic Forum 2007
Business

Ambani Launches AI Subsidiary with Google & Meta

By BPN News Desk
At the 48th Annual General Meeting of Reliance Industries, Chairman Mukesh Ambani announced the launch of Reliance Intelligence, a wholly-owned subsidiary aimed at establishing India’s national-scale AI infrastructure. Strategic Tech Partnerships Reliance Intelligence will partner with Google to build an AI-focused cloud region in Jamnagar, powered by Jio’s network
Image Credit: U.S. AIR FORCE ACADEMY
Business

Musk’s xAI Files Lawsuit Against Apple and OpenAI

By BPN News Desk
Elon Musk’s companies, xAI and X Corp., have filed a federal antitrust lawsuit against Apple and OpenAI. The suit alleges that the two giants have colluded to stifle competition in AI by integrating ChatGPT deeply into Apple’s ecosystem, thereby disadvantaging rival platforms like xAI’s Grok chatbot. Unfair Advantage Alleged The lawsuit claims that Apple’s exclusive […]
National

Agentic AI to Reshape Over 10 Million Jobs by 2030

By BPN News Desk
A recent industry report has predicted that Agentic Artificial Intelligence (AI) will significantly transform India’s workforce, reshaping over 10.35 million jobs by 2030. At the same time, the rise of this technology is expected to create around 3 million new technology roles. Routine Roles to See Maximum Disruption Jobs involving routine, rule-based tasks—such as payroll
Business

Cognizant Q2 Profit Up 14%, Lifts Annual Guidance

By BPN News Desk
Cognizant reported a 14% rise in net profit for the second quarter of 2025, reaching $645 million, or $1.31 per share, surpassing market expectations. Revenue stood at $5.25 billion, showing an 8.1% increase year-on-year, driven by steady demand across key sectors and geographies. Full-Year Outlook Raised Buoyed by better-than-expected results, Cognizant revised its

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