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Ather turns profitable after Rs 154 Cr loss; Meta plans to raise $35B for AI expansion

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Ather turns profitable after Rs 154 Cr loss; Meta plans to raise $35B for AI expansion

MakeMyTrip is back in the black! The travel booking platform reported a net profit of $1.8 million in Q2 FY27, compared with a $5.7 million loss a year ago. Revenue rose 2.5% year-on-year to $235.2 million, or 11.2% in constant-currency terms, driven by increased bookings across categories.

Meanwhile, Anthropic, one of the leading artificial intelligence (AI) companies and the developer of the large language model Claude, has filed for an initial public offering (IPO), moving closer to becoming a publicly listed company. The company plans to list on the Nasdaq stock exchange under the ticker symbol ANT.

In other news, healthtech startup BioStack has raised $9.5 million in seed funding, led by Peak XV, with participation from Afore Capital, DCVC and other investors. The startup integrates fragmented clinical records to support healthcare research and clinical decision-making. It plans to use the funds to expand internationally, strengthen its technology and grow its engineering and research teams.

The AI infrastructure boom continues to gather pace. Tata Communications plans to invest $450 million to build a high-speed fibre network connecting AI data centres, catering to rising demand for AI and cloud computing infrastructure. The investment will expand its network capacity and enable faster, more reliable data transfer between data centres, which is critical for large-scale AI workloads. The move comes as technology companies ramp up investments in AI infrastructure, increasing the need for high-capacity connectivity alongside computing power. 

In a similar push to support AI expansion, Meta Platforms has launched stock and convertible preferred-stock offerings worth about $35 billion to fund its expanding AI infrastructure, including data centres and computing capacity.


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