Big Tech’s AI spending war; PB Fintech shelves QIP plan
Big Tech stocks tumble amid AI spending pledges despite strong quarterly earnings. This and more in today’s ETtech Top 5.…
Tag: Spending
Global tech and startup layoffs hit 25,000 in January as AI spending and cost cuts accelerate – BusinessToday
Global technology companies and startups cut nearly 25,000 jobs in January, extending a multiyear wave of layoffs into 2026 as…
Indian Startup News on Instagram: “AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services, according to a Reuters report. Under the deal, Perplexity will run a range of AI models through Microsoft’s Foundry program, including systems from OpenAI, Anthropic and xAI, the report said. Perplexity is backed by Nvidia, whose chips are widely used to train and deploy advanced AI models. A Microsoft spokesperson told Reuters that Perplexity has chosen Microsoft Foundry as its primary AI platform for model sourcing under a new multi-year agreement. The spokesperson added that Perplexity has not shifted spending away from Amazon Web Services, the startup’s main cloud provider, as part of the Microsoft deal. #AI #perplexity #microsoft #indianstartupnews”
AI startup Perplexity has signed a three-year agreement worth about $750 million with Microsoft to use its Azure cloud services,…
Nigerian Fintech Cardtonic Secures $2.1M Seed Funding to Launch Pil Business Spending Platform – Tech In Africa
Nigerian fintech company Cardtonic has closed a $2.1 million seed funding round to develop Pil, an independent business spending and…
Cardtonic Raises USD 2.1 M Seed To Build Pil, A Business Spending Platform
Nigerian Fintech Cardtonic Raises USD 2.1 M Seed To Build Pil, A Business Spending Platform Nigerian fintech Cardtonic has raised…
The AI Application Spending Report: Where Startup Dollars Really Go | Andreessen Horowitz
AI is changing what skills people have, what tasks people do, and what teams look like. That change is hitting…
Fintech Startup Chest Set to Launch New Pension App That Turns Savings From Everyday Spending Into Future Retirement Funds
Fintech Startup Chest Set to Launch New Pension App That Turns Savings From Everyday Spending Into Future Retirement Funds New…
Fintech Startup Chest Set to Launch New Pension App That Turns Savings From Everyday Spending Into Future Retirement Funds
New fintech startup Chest, a cash rewards-to-pension app, is inviting young people to join its 1200-strong community lining up to be…
Man Arrested for Raising $60 Million for AI Startup, Instead Spending It on Luxurious Lifestyle – Futurism
The founder of a San Francisco-based AI startup called On Platform was arrested last week after prosecutors charged that he…