OpenAI to sever Cursor ties after SpaceX acquisition, deepening Musk feud
OpenAI will stop supplying AI models to Cursor, now owned by SpaceX, citing contract breaches and escalating the Musk-Altman conflict.
Business
Delhi CNG price hiked by ₹3.89 per kg; new rate effective from August 29
IGL hikes Delhi CNG price by ₹3.89/kg to ₹86.98, effective 6 am Aug 29, citing elevated global LNG prices.
Micron CEO Sanjay Mehrotra Named to TIME100 AI List for 2026
Micron CEO Sanjay Mehrotra has been named to TIME's 2026 TIME100 AI list, recognizing his leadership in AI memory technology.
India's Week in Data: UPI Turns 10, Services Inflation Gauge, Onion Express
UPI completes a decade, a new services PPI shows airfares soaring, and the Kanda Express rolls out as onion prices spike.
Executive coaching boom hits price war as AI enters the room
India's executive coaching industry is in a price war, with new entrants undercutting veterans and AI emerging as a cheaper alternative.
Sitharaman begins US visit with G20 finance talks, investor outreach
FM Sitharaman's US visit: G20 finance meetings, investor roundtables, and startup ecosystem talks in Chicago and New York.
Auto retail sales pick up in August on festive demand, supply gains
Passenger vehicle and two-wheeler retail demand strengthened in August, aided by the Onam festival and improved supply chains.
IndiGo Ventures Invests in Sarvam AI's Series B Round
IndiGo Ventures has invested in Sarvam AI's Series B funding, building on their existing collaboration to deploy AI across airline operations.
Taiwan prosecutors search Unimicron over suspected origin fraud
Taiwan prosecutors searched Unimicron offices over suspected false 'Made in Taiwan' labels on China-made circuit boards, part of a crackdown on origin washing.
OpenAI to Cut Cursor's Direct Model Access After SpaceX Takeover
OpenAI ends Cursor partnership post SpaceX acquisition; direct model access ceases Nov 12.
China's Top Memory Chipmaker CXMT Files Lawsuit Against Pentagon Over Military List
China's leading DRAM chipmaker CXMT is suing the Pentagon to overturn its 'Chinese military company' designation, arguing the decision is baseless and harmful.
Gold Steady as Markets Await Fed Chair's Jackson Hole Address
Gold prices dipped slightly in Asian trade as investors awaited Fed Chair Kevin Warsh's speech at Jackson Hole, with rate hike expectations in focus.
Air New Zealand trims annual loss as engine crisis eases
Air New Zealand's annual pretax loss narrowed to NZ$336 million, beating forecasts, as engine disruption eases.
IREN Secures $2.8B Financing and AI Lab Contract as Shift From Bitcoin Weighs on Earnings
IREN signs multi-year AI lab deal, secures $2.8B financing, but posts $684M quarterly loss on bitcoin hardware retirement.
Activist Fund Flashlight Capital Proposes Takeover of Samsung Affiliate S1 Corp
Flashlight Capital proposes buying Samsung units' 20.6% stake in S1 Corp for 906.6 billion won, eyeing control.
Mallya Questions Debt Recovery Figures, Seeks Retired Judge Probe
Vijay Mallya disputes recovery figures, cites IBC settlement, seeks retired judge probe.
Gold Steadies as Markets Await Fed Chair's Jackson Hole Address
Gold prices edged higher on Thursday, recovering from a sharp drop, as investors turned attention to Fed Chair Kevin Warsh's upcoming speech at Jackson Hole.
Qantas flags A$3.6bn fuel bill, trims domestic capacity
Qantas expects A$3.6bn fuel costs in 1H FY27, trims domestic capacity 3%, and outlines fleet and loyalty growth plans.
NVIDIA Q2 Revenue Jumps 106% as AI Compute Demand Accelerates
NVIDIA reported Q2 revenue of $96.2 billion, up 106% year-over-year, and issued strong guidance as AI infrastructure demand accelerates.
Nvidia in Talks to Acquire AI Platform Hugging Face for Over $13 Billion
Nvidia is in serious talks to buy Hugging Face in a deal valued above $13 billion, per a person familiar with the matter.