Technology News

Oracle has cancelled a $7 billion chip leasing deal with China's Tencent following pressure from the Trump administration, the Financial Times reported. US officials had approached Oracle to raise concerns about the agreement. Meanwhile, senior officials in China's Guangdong province, where Tencent is based, also urged the company to support the use of domestically produced chips.

OpenAI CEO Sam Altman has said humans must retain control over the future, arguing that AI development should be limited if it threatens people's ability to make their own decisions. "People should always be in control of the future." Altman said. "People shouldn't cede control of the future to superintelligence, and that requirement should ultimately constrain AI progress," he added.

Borderless Investing, parent company of Stockal, addressed unauthorised trading in customer accounts that led to fraudulent transactions worth around ₹100 crore on its platform. The company said its probe found "no evidence" of breach in its systems. It suspects affected users may have fallen victim to a social engineering attack involving information exposed in a data breach at another company.

Indian IT stocks, including TCS, Infosys and Wipro, fell on Wednesday following Democrats' sweeping victory in the US midterm elections. Investors fear that a Democratic-controlled Congress could increase oversight of the AI industry, potentially slowing data-centre investments and technology spending. These concerns also triggered a decline in AI-linked stocks.

In its first restructuring in 13-year history, Canva announced layoffs and employee relocation, affecting over 1,200 employees. As part of their severance package, laid-off employees will get six months of salary, 12-month healthcare coverage and will also get to keep their company-issued Apple MacBooks. "We know not everyone has a personal laptop," the Australian graphic design platform said.

Singapore Airlines disclosed 46,000 booking records may be compromised in a cybersecurity breach at reservation provider Amadeus. Data potentially exposed includes names, itineraries and booking references; ~620 records may also reveal emails, phone numbers and KrisFlyer IDs. The airline's own IT systems were not breached. Cathay Pacific, Japan Airlines, Asiana and Malaysia Airlines are also affected.

KPMG's 'Building a Shock-Resilient Supply Chain' report found 70% of global business leaders reported increased risk exposure over the past two years. 64% cited AI and technology disruption as the top threat, followed by geopolitical conflict at 58%. The report was released at KPMG India's ENRich conclave, surveying 109 senior executives across major global markets.

McKinsey's 2026 report found 87% of organisations faced at least one threat-related incident in 24 months, yet preparedness remains low beyond cybersecurity. Only 32% have capabilities for espionage risks, despite 64% viewing it as highly relevant. Responsibility is fragmented across departments, with budgets and accountability failing to match cross-cutting threats.

Razorpay announced that it has received its final Payment Service Provider (PSP) licence from the IFSCA (International Financial Services Centres Authority) to operate in GIFT City. The company can now move money in and out of India from GIFT City, under one regulatory framework.

Bengaluru-based logistics platform Porter has elevated Shubham Gupta to the position of Chief Technology Officer (CTO), strengthening its technology leadership as the company continues to develop its digital logistics platform and expand its range of services. Shubham, who joined Porter in 2015, has been closely involved in scaling the company technology infrastructure and building capabilities.