Section

Tech and AI

Artificial intelligence, technology companies and the leaders shaping them.

AI and the enterprise
Tech brands
Tech leaders

The AI price war: why intelligence keeps getting cheaper, and who pays for it

On 26 October, OpenAI launched GPT-6.1 Terra at $1 per million input tokens and $5 per million output tokens, half the price of its premium tier. Three months earlier it had cut the prices of its cheaper models by up to 80%, days after a Chinese company released a giant open-weight model for free download. The cost of artificial intelligence is falling faster than almost any technology before it. For businesses, that changes what is affordable to automate. For the companies selling AI, it changes how they can make money.

By Maya Sen

The AI price war: why intelligence keeps getting cheaper, and who pays for it

Latest

Gemini and ChatGPT pass a billion users: AI tools are the decade's new household brands

By Maya Sen

Taiwan's 14.36% quarter: the AI hardware boom runs through one island

By Maya Sen

Samsung's KRW 107tn quarter: chips earn it all, phones lose money

By Maya Sen

Hitachi's ¥699.7bn half shows who profits from the AI power rush

Hitachi's first-half results show that the money in artificial intelligence is flowing to the companies that build grids, transformers and power links. The group raised its full-year forecast, and its Indian arm is adding factories to keep up.

By Maya Sen

Microsoft's $677bn backlog: the AI build Asia now has to supply

Microsoft has more contracted cloud demand than it can yet deliver, and it doubled quarterly capital spending to $39.4bn to catch up. For Indian IT firms, Gulf data-centre planners and Asian chipmakers, that gap between orders and capacity is now the main commercial fact in technology.

By Maya Sen

Google Cloud doubles revenue as Alphabet funds AI with debt

Google Cloud's revenue more than doubled to $30.7bn in the September quarter, yet Alphabet spent $9.1bn more than it generated in cash and raised $41.1bn from bonds and new shares instead of buying any back. The company that once returned cash to shareholders is now borrowing to build, and enterprise buyers from Mumbai to Riyadh are its customers.

By Maya Sen

SK hynix's 80% margin quarter: who pays for the AI memory squeeze

SK hynix earned ₩83.3trn of operating profit on ₩104.6trn of revenue in the third quarter, and has already sold more than half of its 2027 and 2028 capacity. For every company that buys memory, from Abu Dhabi data-centre builders to Indian phone assemblers, the bill is now being set in Korea.

By Maya Sen

Applied Materials goes to 20% of Besi as chip packaging becomes the prize

Applied Materials is more than doubling its holding in the Dutch hybrid-bonding specialist. The move says the next bottleneck in AI hardware sits in how chips are stacked, not only in how they are printed.

By Maya Sen

Anthropic files for ANT listing: $16.3bn in sales, $80.7bn net loss

Anthropic's Form S-1 puts detailed numbers on the AI boom at a scale no AI lab has disclosed before: revenue up fourteenfold, a loss driven by its own rising valuation, compute bills that run to 2045, and a share structure that leaves public investors with little say.

By Maya Sen

RBI's Bhubaneswar data centre: India builds a second fortress for payments

Prime Minister Narendra Modi has opened the Reserve Bank of India's second greenfield data centre, a Tier IV facility that will house mission-critical systems including RTGS and NEFT. For banks, fintechs and boards, the message is that the regulator now holds itself to the resilience standard it demands of them.

By Maya Sen

SK hynix shelves the Solidigm IPO: what it says about the AI capex cycle

The world's leading AI memory maker has walked away from listing its US storage arm, blaming market volatility rather than weaker demand. For buyers and builders of AI infrastructure in India, the Gulf and Asia, the decision says more about the cost of capital than about the cycle itself.

By Maya Sen

Infosys cuts FY27 guidance to 1-2% as AI reaches 10.5% of revenue

Infosys signed $5.2bn of large deals and grew AI revenue 29% in a quarter, then lowered its full-year growth outlook for the second time in three months. India's IT bellwether has the order book and the AI story. What it does not yet have is growth.

By Maya Sen

AI chips lift Japan's exports 16.7% as oil nearly doubles its deficit

Japan sold far more chips and chipmaking machines to Asia and the United States in September. It also paid far more for oil, and Middle East flows slowed. Both shifts reach well beyond Tokyo.

By Maya Sen

China's 40-technology export list puts India's solar push on notice

Beijing wants to control how its most advanced AI and solar manufacturing know-how leaves the country. A registration rule is already in force, and the comment window closes on 15 November.

By Maya Sen

Junior hires fall to 9% at Anthropic: a warning for India's IT pyramid

An AI developer has published hard numbers on what its own tools did to its workforce. Fewer juniors, far more machine hours and more meetings. The data come from one unusual company, but India's entry-level hiring model is built on the very layer that shrank.

By Maya Sen