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Latest InfoTech News, IT, Information Technology News | The HinduBusinessLine

Google debuts standalone Gemini App for Apple’s MacOS India’s electronics imports cross $116 billion in FY26, exports trail Labour Ministry to look into POSH compliance by IT services firms, says employees union Is TCS harassment case tip of the iceberg? Entry-level smartphones get costlier as memory shortage persists Indians most nervous about AI despite highest skill penetration EdgeCortix secures Axiro, MPower investment to accelerate AI chip innovation Infosys partners Carlos Alcaraz as global brand ambassador Wipro buys select Alpha Net Group contracts for $70.8 Mn AMS expands Pune GCC, strengthens India’s role in global talent operations Memory chip crunch and Iran war lead phone market decline, IDC says UST, Evaaya jointly launch UST Nimbus to help empower GCCs with new capabilities No layoffs, says Zoho: 300 mentioned in social media post were interns Nvidia’s New AI models spark rally in quantum computing stocks OpenAI unveils GPT-5.4-Cyber a week after rival's announcement of AI model IMF urges nations to stay at frontier of mounting AI risks How your CCTV becomes a hacker’s spy Vehant Technologies eyes 20% topline from export in 3 years Cabinet Secretary emphasizes AI development and civil-military cooperation Amazon to acquire Globalstar for $11.57 billion to boost satellite internet Kaar Tech eyes data analytics acquisition as it positions itself as an AI-led enterprise OS enabler India’s quantum mission to complete 2,000 km network by 2027 Andhra Pradesh launches India’s first quantum reference facility in Amaravati Wegovy-maker Novo Nordisk partners with OpenAI to fasten drug development SPNI acquires TV and digital rights for Indian Football League Qlik partners with ServiceNow to enhance AI-driven enterprise workflows Anthropic hires Trump-linked lobbying firm Ballard Partners OpenAI's $852 billion valuation faces investor scrutiny amid strategy shift Sify data centre arm IPO on track and will be timed with market conditions, says CFO Tata Group asks TCS COO to investigate Nashik sexual harassment case BALCO deploys AI humanoid agent for real-time training, operations and safety India’s data centre market size to cross $22 billion by 2030: report TCS Nashik case: court extends custody of HR manager till April 15 TCS Nashik case: Chandrasekaran calls allegations anguishing, probe underway APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Q4FY26 preview: Muted quarter likely for Wipro as margins contract, growth stays tepid West Asia war spills over to cyberspace: Emails spoofed, cameras hacked Acquisitions central to VDart Digital’s growth roadmap TCS suspends several Nashik personnel accused of sexual assault and coercion TCS makes only 25k fresher offers this fiscal, more hires dependent on demand scenario: Official Women's participation in flexi IT roles reaches 40% in FY26: Report No impact of Iran war on India business, says Salesforce’s Arundhati Bhattacharya India’s talent glut deepens; applications per tech role jump up to 2x post layoffs Big Tech puts financial heft behind next-gen nuclear power as AI demand surges Q4 Results Highlights: TCS shares down after Q4 results, Anand Rathi & GM Breweries flat, Agri-Tech, Eco Hotels and Resorts, Vashu Bhagnani Industries to announce Q4 results Detroit Engineered Products launches new AI-based platform for product development TCS Q4 Results: Net profit grows 12% to ₹13,784 crore Indium eyes 25-28% growth in FY27 Social media ban for children: AP to work regulatory framework MeiTY weighing harms of social media use by children amid growing concerns Nasscom Foundation names UB Pravin Rao as new Chairperson Blockchain For Impact launches $50-m innovation platform for medtech ecosystem TCS Q4 Results Highlights: IT bellwether Q4 PAT up 12% y-o-y; FY26 profit sees marginal growth AP CM to launch India’s first indigenous Quantum computers testing facility in Amaravati on April 14 TCS Q4 results preview: Margins to remain flat Equinix launches IBX Data Centre in Mumbai Meta unveils Muse Spark AI model to compete in superintelligence race Greece to ban social media for under-15s from 2027 Stripe appoints Manish Maheshwari to lead revenue, growth in India Uttar Pradesh’s data centre parks to attract ₹2 lakh crore investment: Official India tech ranks 4th globally with $11.7 billion in funding: Tracxn report Gartner forecasts worldwide semicon revenue to exceed $1.3 trillion in 2026 Vodafone Idea launches 5G services in Chennai Onix expands Google Cloud collaboration to accelerate enterprise AI and data transformation Bengaluru-based lab claims India’s ‘DeepSeek’ breakthrough Cyient Semiconductors acquires 74% stake in Kinetic Technologies for $85 million IT salaries set to fall in 2026 on AI shift, global volatility: Deloitte UST acquires Intecrowd, leading Workday Partner TRAI proposes mobile plans at lower prices offering only call, sms services AI, creators and quick commerce to power India’s ecommerce growth to $250 billion by 2030 Intel elevates Santhosh Viswanathan to lead APJ region WhatsApp tests out SIM-binding norms for limited users Mid-tier IT to outpace large peers again in Q4 driven by deal momentum, vertical demand Government extends reassessment of Voda-Idea’s AGR dues to June Quest Global acquires India-based BITSILICA to strengthen semiconductor portfolio Apple's foldable iPhone faces engineering snags, potential shipment delays, Nikkei Asia reports Kaizen Analytix banks on acquisitions for next phase of growth Asia Pacific youth is invested in secure internet governance: Samiran Gupta India's digital payments account for 93% of payment value in 9MFY26: Report Anthropic revenue tops $30 billion as Claude AI demand surges OpenAI, Anthropic, Google unite to combat model copying in China Broadcom signs long-term deal to develop Google’s custom AI chips Wipro bags $1 b Olam deal, buys IT arm Mindsprint for $375 m TRAI releases consultation paper on regulatory framework for FAST channels Google’s biggest data centre outside US: Construction to start on April 28 in Andhra Pradesh The Hindu Group, SRMIST inaugurate two-day Deep Tech Summit 2026 ISM 2.0 likely to go live by May-end; focus on end-to end semiconductor ecosystem TRAI proposes framework for app-based TV distribution, seeks stakeholder feedbacks CriticalRiver in pact with Anthropic for enterprise Claude rollout Coforge elevates Sunil Fernandes to Chief Operating Officer IT firms face subdued fourth quarter as war, AI concerns persist; weak rupee helps earnings GCCs leasing in India hit a record high of 9.1 million sq ft, in Jan-Mar 2026: CBRE report says How AI is driving advertising, engagement revenue: Amazon MX Player Wipro shares rise on $1 Bn Olam deal, Mindsprint acquisition Startups lead AI adoption, enterprises catching up: Microsoft’s Jason Graefe Gulf crisis diverts 200-500 MW data centre capacity demand towards India TV industry bracing for decline in sales on rising production costs amid West Asia crisis Foxconn first-quarter revenue jumps, company cautions on geopolitics Britain woos Anthropic expansion after US defence clash, FT says SaaS startups break sector silos in CTO hiring as role evolves into ‘architect of scale’
OpenAI falls short of revenue and user targets as it races toward IPO, WSJ reports
2026-04-28 · via Latest InfoTech News, IT, Information Technology News | The HinduBusinessLine
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CFO raises concerns over funding compute contracts as growth slows and competition rises, WSJ reports

FILE PHOTO: Open AI and Microsoft logos are seen in this illustration on taken September 12, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

FILE PHOTO: Open AI and Microsoft logos are seen in this illustration on taken September 12, 2025. REUTERS/Dado Ruvic/Illustration/File Photo | Photo Credit: Dado Ruvic

OpenAI has fallen short of its goals for new users and revenue in recent months, sparking concern among some company leaders over whether it can support its extensive data-centre spending, The Wall Street Journal reported on Monday, citing people familiar with the matter.

Here are a few details:

  • CFO Sarah Friar has expressed concerns to other company leaders that the ChatGPT creator might not be able to pay for future computing contracts if revenue doesn’t grow fast enough, according to the report.
  • OpenAI missed multiple monthly revenue targets earlier this year after losing ground to Anthropic in coding and enterprise markets, the report said.
  • “This is ridiculous. We are totally aligned on buying as much compute as we can and working hard on it together every day,” CEO and co-founder Sam Altman and Friar said in an emailed statement to Reuters.
  • ChatGPT’s growth slowed toward the end of last year, the WSJ report said, adding that OpenAI fell short of an internal target to reach 1 billion weekly active users for the artificial intelligence chatbot by year-end.
  • The company has also grappled with subscriber defections, the report added.

Published on April 28, 2026

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