Infosys CEO Salil Parekh led the pack among top Indian IT executives in FY26, earning Rs 82.6 crore. Tech Mahindra’s Mohit Joshi followed with Rs 67.55 crore. Wipro’s Srinivas Pallia saw a pay dip, while TCS’s K Krithivasan earned over Rs 28 crore. LTM’s Venugopal Lambu also featured prominently for his partial year’s tenure.

OpenAI has introduced Daybreak, a cybersecurity initiative focused on software vulnerability detection and remediation. The programme includes Codex Security, GPT-5.5-Cyber, Patch the Planet, and the Daybreak Cyber Partner Program. According to the company, the initiative is intended to support cybersecurity teams, open-source software maintainers and industry partners in addressing software security issues.

The electronic manufacturing services company has struggled with a slew of guidance revisions, higher working capital intensity, cash flow concerns and increased scrutiny of financial disclosures such as those that cover related party transactions.

The largest US health insurer plans to invest $3 billion in AI over 2026 and 2027. UnitedHealth executives say they’re seeing a 2-to-1 return, as AI automates cumbersome manual processes and makes workers more efficient. Executives say the technology can reduce friction for patients while lowering costs.

Flipkart Group solidifies its e-commerce dominance in India, with Myntra leading the online fashion segment, according to a Bank of America Securities report. Despite intense competition, consumer demand remains robust, defying concerns about slowing discretionary spending. The report highlights resilient growth across various internet sectors, including online travel, quick commerce, and logistics, with AI adoption…

The Bengaluru-headquartered company, which currently has 250 megawatts of capacity, is in the final stages of discussions for three data center ‌projects that ⁠would take ⁠its total capacity to more than 1 gigawatt, Deepak Chhabria, president of RMZ Infrastructure, told Reuters ​in an interview on Thursday.

The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in FY25. The rating agency attributed the increase in operating expenses in FY26 to elevated marketing spend, team expansion, and one-off non-recurring expenses.

Turtlemint has set a price band of Rs 144-152 per share for its Rs 883 crore IPO, which opens on June 19. The IPO comprises a fresh issue of Rs 660.72 crore and an offer for sale of Rs 221.94 crore at the upper band. At the upper end, the company will be valued at…

​Chinese ​Artificial Intelligence ​lab DeepSeek has closed its ‌first funding ⁠round ⁠that ​raised more than 50 ​billion yuan ($7.40 billion) ​under ⁠an unusual ‌deal structure, ​The ​Information ⁠reported on Tuesday, citing ​people with direct ​knowledge of the matter.

Alibaba is reportedly offering $1.5 billion for Chinese grocery delivery firm Pupu, initiating a bidding war to gain market share from rival Meituan. This move highlights intense competition for scarce retail assets in China’s local commerce and fresh produce sectors. The escalating bids signal a potential return to market-share competition over profitability.

One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire ​entrepreneur to buy $10 million worth of stock in the satellite maker in 2018. A portfolio manager at a $500 billion U.S. ​fund said he had to use his relationship with a board member of the…

Cognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after more than two decades. The reshuffle sees AI-focused firms like Astera Labs and CoreWeave added, reflecting a market shift towards AI and semiconductor companies. This change follows a significant drop in Cognizant’s stock value over the past six months.

PeopleSoft ​is an enterprise resource planning suite used by organizations to manage ​core business functions including human resources, finance and supply-chain operations.

Happy Thursday! Tap-and-pay card usage is on the rise in India despite UPI’s dominance. This and more in today’s ETtech Morning Dispatch.

​OpenAI ​is in negotiations ​to lease a proposed ‌10-gigawatt ⁠data center ⁠campus ​on federal land ​in Ohio, in a ​deal ⁠that could ‌include ​financial ​backing ⁠from Nvidia, The Information ​reported on Tuesday, ​citing two people with direct ‌knowledge of the ​discussions.

The revamp, unveiled at its annual Worldwide Developers Conference in Cupertino, California, introduces “Siri ​AI,” a more conversational assistant with a standalone app and the ability to analyze what is on a user’s screen and pull in information from the web. The update comes two years after Apple first promised major upgrades that were repeatedly…

While the new BJP regime has begun identifying land parcels in the state for greenfield investments, establishing a land bank is a more time-consuming process, they said. “Instead, the state is keen to get the Centre’s help in securing funds and anchor investments at the existing locations. Measuring about 70 acres and 58 acres, respectively,…

A significant rupee depreciation has forced Indian students studying abroad to seek top-up loans from lenders, as initial loan amounts fall short of rising tuition and living expenses. This has led to a nearly threefold increase in demand for additional funding, with students requiring Rs 1-6 lakh more.

Meta ​is ​considering raising tens of ‌billions ⁠of ⁠dollars ​in a stock ​offering as ​it ⁠seeks new ‌sources ​of ​capital ⁠to fund the ​company’s AI ​ambitions, according to a report by the Financial ‌Times.

Walmart investors on Thursday voted against a shareholder proposal asking it ​to report on how its use of AI is affecting the well-being of its workforce, according to preliminary voting results from the retailer’s annual shareholders’ meeting.

Snapchat has significantly expanded its advertiser base in India tenfold over the past two years, with a threefold increase in recurring advertisers. This growth highlights India’s crucial role in Snap’s global strategy, as the platform aims to monetise its largest user market.

Microsoft’s Build conference showcased the new Surface RTX Spark Dev Box. This powerful machine features an Nvidia chip, promising to bring advanced AI directly to personal computers. Microsoft aims to enhance AI safety for its Windows users and compete with rivals in the cloud and PC markets.

AI leader Anthropic has confidentially filed for a US initial public offering. This move signals a significant event for the booming AI sector on Wall Street. The company’s filing sets the stage for a crucial test of investor enthusiasm for AI. This comes as rival OpenAI also prepares for a similar listing. The AI revolution…

The Trump administration is pushing for AI in the U.S. military, facing calls for safeguards from companies and military leaders. Defense Secretary Pete Hegseth champions rapid AI evolution, clashing with tech firms like Anthropic over ethical concerns and autonomous weapons. President Trump prioritizes maintaining America’s AI lead over potential restrictions.

Japanese tech investor SoftBank will spend 75 billion euros ($87.5 billion) on artificial intelligence infrastructure in France, its founder Masayoshi Son told a French newspaper in an interview released Saturday. “75 billion euros in total,” Son told La Tribune Dimanche weekly ahead of a French investment conference hosted by President Emmanuel Macron.

Blue Origin’s New Glenn rocket exploded during a test firing, causing significant damage to its launch pad. This incident is a major setback for the company’s plans, including its role in NASA’s Artemis program. The explosion occurred just a month after the New Glenn fleet was grounded due to an engine issue.

​Anthropic ​said on Thursday ‌it ⁠has ⁠raised $65 ​billion ​in ​a ⁠series ‌H ​funding ​round, valuing ⁠it at $965 ​billion ​post-money.

India’s data centre capacity is set to grow at a 26% CAGR over the next five years, according to a report. It highlighted that AI-led infrastructure demand alongwith rising cloud and digital adoption is expected to nearly triple India’s built data centre capacity from 1.6 GW in 2025 to 5 GW by 2030.

A US judge has rejected a bid by Chinese AI firm MiniMax to dismiss a lawsuit. Major studios like Disney and Universal accuse MiniMax of stealing their intellectual property. They claim MiniMax used copyrighted material to train its AI system, Hailuo. The court found the studios’ claims plausible.

Fintech firm Cashfree Payments announced a revenue of Rs 1,000 crore for FY26. The company anticipates operational profit in the current financial year. Gross transaction value saw a significant increase. Cashfree Payments achieved EBITDA profitability in March 2026 and aims for full-year EBITDA profitability in FY27. Cross-border operations are set to become a major revenue…

The ‌operation targeted ⁠previously ⁠unseen technology built around an application called CINEMAGOAL, ​which connected users’ devices to foreign servers that illegally decrypted ​streaming content, the Guardia di Finanza police said.

A new report reveals that half of surveyed workers feel overly dependent on AI, with younger generations expressing greater concern about probable diminished intelligence. Despite pressure to use AI for productivity, many lack understanding of its practical application, leading to increased “workslop” and misuse on sensitive tasks.

Space exchange-traded funds are seeing massive investor interest. New funds are launching rapidly, attracting billions in new investments. This boom is fueled by the upcoming SpaceX IPO and a broader belief in the growth of the space economy. Investors are eager to capitalize on this emerging sector. Several new ETFs have already gathered significant assets,…

Flipkart powered Walmart’s international growth in the first quarter of FY27. The ecommerce company boosted advertising revenue and profitability and its quick commerce offering, Flipkart Minutes, is scaling faster deliveries. This quick commerce push aligns with Walmart’s global strategy to enhance ecommerce economics.

Andhra Pradesh government has approved over 800 acres of land for Reliance Industries. This land in Vizianagaram district will host a Giga Scale AI Data Centre with a Cable Landing Station. Reliance plans to invest over Rs 1 lakh crore in this project. The government is also providing various incentives to support the mega project.

Trucking aggregator Blackbuck reported a 52% year-on-year growth in March quarter operating revenues, reaching Rs 185 crore. Despite a significant drop in net profit due to a one-time tax credit in the previous year, the company’s full-year FY26 operating revenue surged by 52.7% to Rs 652 crore, with a net profit of Rs 160 crore.

Karnataka has launched its first agriculture and allied innovation centre of excellence in Kalaburagi, aiming to foster agritech ecosystems beyond Bengaluru. The Krishi Kalpa Foundation will manage the facility, which focuses on AI, IoT, robotics, and digital farming technologies.

After over 25 years, the Bill & Melinda Gates Foundation has divested its final 7.7 million Microsoft shares, valued at $3.2 billion. This marks the end of Microsoft stock’s long-standing dominance in the foundation’s portfolio as it transitions to disbursing its endowment by 2045.

Malta is set to become the first nation to provide all its residents with a year of ChatGPT Plus access. This initiative follows the completion of a free course on artificial intelligence usage. The program begins in May and will expand as more citizens finish the training. Maltese citizens living overseas can also participate.

Walmart-owned Flipkart has indefinitely paused its IPO plans due to rising market volatility and a crowded pipeline of upcoming public issues. This decision follows similar postponements by other major tech firms, as Flipkart focuses on aggressive investment in its quick commerce arm, Flipkart Minutes, to drive growth amidst stagnating e-commerce expansion.

Dhruva Space secured a Rs 105 crore grant for Project Garud. This initiative focuses on creating a standardized satellite platform. The project aims to build an indigenous manufacturing ecosystem for high-volume satellite deployment. This will support communications, intelligence, and strategic applications. The new platform will enable faster integration and deployment.

With the right investment in education and training, India is on track to emerge as the global hub for artificial intelligence skills by 2030. IBM India & South Asia’s Managing Director, Sandip Patel, expresses optimism about this prospect, estimating that AI could inject over $500 billion into the country’s economy.

EBay has rejected a massive $56 billion takeover offer from GameStop. EBay cited doubts about GameStop’s financing for the deal. The company is confident in its current growth strategy. GameStop’s CEO had proposed cost cuts and synergies.

Lifestyle accessories brand DailyObjects is in advanced talks to secure Rs 300 crore in a funding round led by Xponentia Capital, valuing the company at Rs 1,000 crore. This investment will fuel an expansion of its omnichannel presence, including over 100 new physical stores and international market entry.

Delivery times are improving as gig workers return to cities. This follows the recent state elections and the peak harvest season. Food delivery platforms like Swiggy and magicpin expect a normalisation of services soon. This return of delivery partners will boost rider availability. The sector anticipates growth after a challenging period.

Airbnb’s CEO revealed that nearly 60% of code was AI-generated last quarter, accelerating feature development and improving API partner tools. AI also boosts customer support, resolving 40% of issues without human intervention. Managers are increasingly using AI coding tools, though future team structures remain uncertain.

Global technology giant Adobe has inaugurated its seventh office in India, located in Noida. This new campus will accommodate over 700 employees, focusing on engineering and customer-facing roles. Adobe’s India operations are crucial for its AI-driven future and innovation. India is now Adobe’s largest workforce outside the United States, with over 8,000 employees contributing significantly…

Used-car platform Cars24 reported a 27% revenue jump to Rs 1,411 crore in FY26, significantly cutting losses by 36%. The company achieved Ebitda positivity in January, driven by AI adoption that slashed marketing and tech costs. Loan disbursals also saw a substantial 57% rise.

Samsung Electronics has crossed a $1 trillion valuation. This milestone is fueled by strong demand for AI chips. The company is a major supplier of critical components for AI servers. This surge is expected to continue, with tight supply conditions likely to sustain elevated chip prices. Samsung’s semiconductor division reported record profits.

Dream Sports has launched DreamStreet, a new stockbroking platform designed to simplify investing for Indian retail investors, especially newcomers. Leveraging AI for insights and offering access to research analysts, the platform aims to build confidence among those hesitant to enter the market. This move signifies Dream Sports’ diversification strategy following regulatory changes impacting its gaming…

A New Mexico trial could force Meta to overhaul its social media platforms. The state accuses Meta of addicting young users and failing to protect children. A judge may order sweeping changes, potentially leading Meta to leave the state.

Tesla earned over $500 million from Elon Musk’s companies last year. xAI, his AI startup, accounted for about $430 million. SpaceX, the rocket firm, contributed another $143 million. This business involved AI chatbots and energy storage. Tesla also saw revenue from xAI early this year.

Meta has acquired Assured Robot Intelligence, a startup specialising in AI models for robots, to bolster its humanoid technology initiative. The acquired team will join Meta Superintelligence Labs, contributing expertise in robot control and self-learning for whole-body humanoid applications.

Happy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Morning Dispatch.

Happy Thursday! Mutual fund inflows into listed new-age firms on the back of valuation reset and FPI selloff. This and more in today’s ETtech Morning Dispatch.

Billionaire Elon Musk took the stand Tuesday to accuse OpenAI and its boss Sam Altman of betraying the AI company’s altruistic origins, in a trial that could have far-reaching consequences for the industry and oblige the ChatGPT maker to profoundly revamp its business. At the heart of the case is Musk’s accusation that Altman drove…

In filings in St. Louis federal court, the Mahoney Law Firm and the Simon Law Firm cited “an unfortunate general breakdown ‌in the attorney-client ⁠relationship” ⁠between them and Annie Altman, and said continuing to represent her in the ​civil lawsuit was “impracticable.”

OpenAI’s CEO Sam Altman has apologized to a Canadian town devastated by a February mass shooting, saying he was “deeply sorry” the company did not notify police about the killer’s troubling ChatGPT account. Canadian officials condemned OpenAI’s handling of the case and summoned company leaders to Ottawa to explain its security protocols.

Salesforce CEO Marc Benioff announced plans to hire 1,000 graduates and interns to support expanding AI products, countering concerns about AI eliminating entry-level jobs. This hiring initiative follows news of fewer than 1,000 job cuts in February, impacting roles like marketing and product management.

Jensen Huang said Codex is now available to all employees after early access was given to around 10,000 staff across functions such as engineering, product, legal, marketing and sales.

CADE’s ⁠members backed a proposal from its interim chief ​Diogo Thomson de Andrade to return the case to ​its general superintendence for formal administrative proceedings, citing the evolution of Google’s conduct since ​the 2019 inquiry began.

Modern artificial intelligence chips, such as those made by Nvidia, are not single chips but several chips glued together with advanced packaging technologies, a step that has become a supply ‌bottleneck for Nvidia ⁠and others. ⁠In a January earnings call, TSMC said it was applying for permits to begin construction ​of its first advanced packaging…

Europe’s second-largest maker of chipmaking tools forecast second-quarter revenue at around 980 million euros ($1.15 ‌billion), against ⁠LSEG ⁠data estimates of 883.9 million euros. First-quarter revenue reached 862.5 ​million euros versus the 828.5 million euros analysts expected.

Lovable data breach: Stockholm-based AI app-building platform Lovable said it did not suffer a data breach after concerns surfaced over the visibility of chat messages and code in projects set to public.

AI coding startup Cursor is close to securing over $2 billion in new funding. This investment could value the company at $50 billion. Returning investors like Thrive and Andreessen Horowitz are expected to lead the round. Nvidia may also participate.

The US Justice Department has told French law enforcement it ​will not help with efforts ​to investigate tech billionaire Elon Musk’s social media platform ​X, the Wall Street Journal reported on Saturday, citing a letter from the DOJ’s Office of International Affairs, dated Friday.

Iconiq is expanding aggressively into venture capital, investing billions in AI startups like Anthropic. Leveraging elite global networks, it connects founders with powerful investors, achieving strong returns while navigating risks, conflicts of interest, and growing ambitions in tech.

Grinex, a crypto exchange linked to Russia, has halted operations. This follows a cyber attack where assets worth 1 billion roubles were stolen. The exchange claims foreign intelligence services were involved. Grinex was previously sanctioned by the US, UK, and EU. The attack’s nature suggests advanced resources. This incident impacts Russia’s financial sovereignty.

Airing his frustration over the startup’s sale to rival Coursera, Gagan Biyani said in a social media post that 15 years of investor-led decisions led to the sale of the company at its 2021 IPO valuation of under $3 billion. Post Udemy’s Series B fundraise, when founders’ holdings in the company fell to less than…

AI major Anthropic has appointed Vas Narasimhan to its Board of Directors, in a move that further elevates the company’s emphasis on responsible deployment of advanced artificial intelligence (AI) in healthcare and life sciences.

Tata Sons chairman N Chandrasekaran has ordered a probe into the sexual harassment case at TCS Nashik. This and more in today’s ETtech Top 5.

The artificial intelligence sector continues its strong financial growth. Despite global tensions, significant funding is flowing into AI initiatives. Major companies are raising billions through debt sales. This trend is attracting investors seeking stable opportunities. The demand for AI infrastructure is driving substantial investment in the market.

Besides luck, certain positive updates and improving numbers suggest the rally could be backed by real progress. Momentum is building as investors react to positive moves like improved services and business developments that point to a possible turnaround. Here’s what’s driving the surge.

Cloud infrastructure firm CoreWeave has secured a significant deal with AI startup Anthropic. This multi-year agreement will provide Anthropic with crucial cloud computing power later this year. The partnership aims to support Anthropic’s advanced AI models. This latest deal follows other major agreements CoreWeave has made recently, highlighting strong demand for AI computing resources.

Alibaba Group has anonymously released a new AI video generation model called Happyhorse-1.0, according to a report by The Information.

The Kremlin is pushing Russians to use Max instead of Telegram, currently the country’s most popular ‌messaging app, but ⁠is ⁠facing stiff resistance from users, who argue that Max lags far behind its rival in ​terms of functionality.

Aria’s network is designed to ‌work with ⁠any ⁠AI chip on the market, Nvidia Google, giving companies ​the flexibility to upgrade or switch hardware over time without overhauling ​their entire network infrastructure.

Kuse AI’s “Junior,” an AI employee, is revolutionising workplaces by proactively managing tasks, drafting proposals, and monitoring communications. This virtual colleague, costing $2,000 monthly, integrates with company systems and relentlessly nudges human employees to close gaps. While praised for efficiency, it raises concerns about job displacement and employee pushback.

Artificial intelligence is powering a boom in the semiconductor industry. Goldman Sachs reports strong investment and revenue growth are expected through 2026. AI-related hardware revenues could reach over $700 billion by late 2026. This surge is fueled by demand for AI infrastructure.

The number of deals during the week was also down at 18 transactions, compared to 24 in the corresponding week last year. Compared to the previous week, when startups raised $310.7 million, the funding was down 39.8%.

OpenAI acquires TBPN: Coogan and the other cofounder Jordi Hays said they expect the relationship with OpenAI to continue. OpenAI has indicated that TBPN will remain editorially independent, retaining control over programming, guest selection, and production.

Chipmaker Nexperia will soon be able to produce semiconductors locally within China, sources told AFP. “From a supply chain perspective, we have completed the shift from global to domestic production in China,” a Nexperia China representative told potential clients at a company event in Beijing on Wednesday.

IPO-led startup exits rose 30% to nearly $2 billion in 2025, driven by eight larger VC-backed listings. Fewer IPOs delivered higher value, with deals above $100 million dominating. IPO share of exit value increased, though total public market exits dipped amid volatility, even as overall VC-backed exits reached about $7 billion.

PR Ramesh, former Deloitte India chairman, has joined VerSe Innovation as an independent director and will chair its audit committee. He will oversee financial reporting, internal controls, risk management, and compliance, strengthening governance after prior audit concerns. VerSe, backed by CPPIB, Lupa Systems, Z47 and others, has raised over $2 billion and is valued at…

DeepSeek’s chatbot in China experienced a rare seven-hour outage, disrupting users overnight. The startup deployed multiple updates to fix performance issues, with causes unclear. Normally reliable at 99% uptime, the AI firm has sparked speculation about a major update, as rivals like Alibaba, ByteDance and Tencent release new AI services.

Apple marks its 50th anniversary. The tech giant has shaped pop culture and industry since 1976. Discover intriguing facts about its logo, the iconic ‘1984’ ad, its use of bold colours, the 9:41 time on product screens, and the story of its third co-founder. Here is a glimpse into Apple’s remarkable journey.

A report by Swiss Re says rapid data centre growth is increasing insurance demand and risks. Premiums could reach $24.2 billion by 2030. High construction costs, natural catastrophes, and system failures raise exposure, while insurers can cover only part of losses, which could be significant.

Sycophancy or behaviour that was overly agreeable and affirming is complicated. While few people are looking to AI for factually inaccurate information, they might appreciate – at least in the moment – a chatbot that makes them feel better about making the wrong choices.

While the $6 million in damages a jury in Los Angeles awarded to the 20-year-old plaintiff — which the companies vowed to appeal — will barely register on their balance sheets, the impact of the verdict will likely be more damaging and harder to quantify. The loss, in the first of thousands of product-liability lawsuits…

The ​founder of China’s Moonshot AI ‌Yang ⁠Zhilin ⁠said ​on Wednesday the ​direction of artificial intelligence ​research ⁠would undergo “huge ‌changes” and ​be ​directed ⁠by AI, with ​the company ​focused on enhancing token efficiency ‌in their upcoming ​models.

Altman, who is also on the OpenAI board, said the dual roles had become untenable ‌as the ⁠ChatGPT maker ⁠eyes future partnerships with Helion. In a post on social media platform X, Altman ​added that he will have a financial interest in Helion and will recuse himself ​from any deal negotiations.

The ‌AI agent ⁠is ⁠helping Zuckerberg get information faster by retrieving answers ​for him that he would typically have to go through ​layers of people to get, the report said.

LPG shortages linked to the West Asia war are pushing Indian manufacturing firms to plan energy-resilient kitchens. Companies are sourcing cylinders, using firewood, and adjusting menus while avoiding disruptions. Facility managers are preparing contingency plans, including shifting to induction and alternative equipment, amid ongoing uncertainty over fuel availability and supply continuity.

A ​federal judge on Friday dismissed a lawsuit by Sam Altman’s sister accusing the billionaire OpenAI chief executive of sexually abusing her more than two decades ago, but said she can try suing under a ‌different legal theory.

Musk said in January that solar power could meet all of the electricity needs of the United States – including the ever-increasing demand from a growing number of data centres. Job postings on the Tesla website said it aims to deploy 100 GW of “solar manufacturing from raw materials on American soil before the end…

Sekhon, who served as chief scientist and head of AI, will join Bridgewater’s board of directors after leaving his current roles there, according to a post by ‌Hassabis on LinkedIn.

Jun Young-hyun, ​a Samsung Electronics ​vice chairman and co-CEO who oversees the company’s ‌chip business, made the comments ​at ​Samsung’s ⁠annual meeting of shareholders in Suwon, south of ​Seoul.

A white paper published by the Office of the Principal Scientific Advisory (PSO) on Sunday threw its weight behind the Department for Promotion of Industry and Internal Trade’s (DPIIT) recommendation that India adopt a hybrid model of intellectual property and copyright.

The US Army has signed an agreement with defence tech startup Anduril Industries that could be worth up to $20 billion. The enterprise contract aims to streamline procurement and speed up access to software, hardware and infrastructure. Separately, Anduril is exploring a new funding round that could value the company at about $60 billion.

The latest investment would help accelerate Agnikul’s operational readiness, supporting the scaling of its aerospace manufacturing capabilities, advancing its stage recovery program, and strengthening the development of its integrated space campus on the 300 acres allocated by the Tamil Nadu government near Kulasekharapatnam.