Julie Chang

India's Tata Group and OpenAI are teaming up to offer AI services, the latest deal aimed at advancing the South Asian country's position in the global AI race.

The Information Technology Services provider said it will develop AI infrastructure with 100 megawatts of capacity in the initial phase.

The partnership with OpenAI comes on the heels of rival Infosys' collaboration with Anthropic, announced earlier this week.

News Corp, owner of The Wall Street Journal and Dow Jones Newswire, has a content licensing partnership with OpenAI.

Klarna swung to a $26 million net loss in the fourth quarter, reversing a $40 million profit from a year earlier, despite reporting a jump in revenue and more than doubling its number of banking customers.

The buy now, pay later company's revenue jumped 38% to more than $1 billion, slightly exceeding analysts' expectations.

Klarna ended the quarter with about 118 million active users, up 28% from a year earlier, and the company added approximately 115,000 merchants during the period.

The company said it expected $900 to $980 million in the current quarter revenue.

On an earnings call, he said DoorDash could use agentic commerce in which bots make purchases for human users.

The food delivery company posted mixed quarterly results late Wednesday, but forecast higher than expected gross order value for this quarter.

Shares dropped 9% in pre-market trading.

The company said research and development costs climbed 41% last year, and it plans to ramp up investment in autonomous vehicles such as robots and drones.

That's your TNB Tech Minute.

Join us again this afternoon for more.

Here's your afternoon TNB Tech Minute for Wednesday, February 18th.

I'm Julie Chang for The Wall Street Journal.

A lawyer for the plaintiff presented a 2015 internal email in which Zuckerberg stated a goal for 2016 was to increase users' time spent by 12%.

Zuckerberg responded that the company used to give team goals on time spent but doesn't do that anymore.

Meta, the parent company of Facebook and Instagram, said in a statement prior to the trial's start that the plaintiff's lawyers will try to paint an intentionally misleading picture of Meta and that it has consistently put teen safety ahead of growth.

The trial is expected to go for another five weeks.