Spotify anticipates lower third-quarter profit, missing Wall Street expectations. Slowing user growth in key regions impacts the streaming giant’s performance. New AI features and a fan cover agreement aim to attract more users. Revenue is projected to slightly exceed estimates, while active users fall short. The company’s shares have experienced a notable decline this year.

SpaceX is poised to reveal its next earnings report, signaling Starlink’s profitability and its pivotal role in financing AI and space initiatives. Analysts predict notable advancements in Starlink and AI ventures for the April-June quarter. A key area of interest for investors is SpaceX’s sizable investments in AI technology, while Starship’s development is integral to…

Paytm confirms its app and UPI services are operating without any issues. The company reported its highest quarterly EBITDA in Q1 FY27. Operating revenue increased twenty-eight percent year-over-year to Rs 2,448 crore. EBITDA rose one hundred eighty-two percent year-over-year to a record Rs 203 crore. Profit after tax increased seventy-nine percent year-over-year to Rs 220…

Zepto has paused its IPO and plans to refile its draft papers after two to three quarters. The decision follows months of valuation negotiations, investor pushback and shifting market conditions. Here’s a look at the key events, from its confidential filing to the final decision, that led to the pause.

Apple reported an all-time high revenue of $ 109.4 billion for the June quarter, marking a notable surge in emerging markets, particularly in India. While iPhone and Mac sales flourished, iPad numbers took a dip. Nonetheless, the tech giant alerted stakeholders about looming challenges including rising memory chip costs and potential supply chain issues, forecasting…

Most Indian employees find AI improves their daily work experience significantly. However, only a third see AI embedded deeply within core systems. Disconnected systems cause employees to waste hours moving information weekly. Organizations can boost value by integrating AI into core business operations. Embedding AI into trusted systems will simplify work and improve decision-making.

Revenue declined as OfBusiness exited low-return commerce categories and discontinued some operations, prioritising deeper manufacturing integration, wider margins and stronger cash generation ahead of its planned IPO filing next quarter.

Taiwanese authorities have taken into custody an Nvidia employee as part of an investigation concerning the unlawful export of AI servers. These servers, which included Nvidia chips, fall under United States export restrictions established in 2022. This detention is linked to a wider investigation into the shipment of Super Micro AI servers to China, following…

The US ⁠Federal Communications Commission has approved a ​framework to move satellite services ​out of part of the C-band radio spectrum, allowing 160 megahertz of capacity to be used by telecoms ‌companies for next-generation wireless networks.

Tata Technologies expects a significant growth year due to automotive manufacturers’ increased investment. The company is securing full vehicle development projects from major global automakers. This strategic shift allows OEMs to focus on their core brand identity and DNA. Tata Technologies is well-positioned to benefit from this industry-wide outsourcing trend. The firm anticipates meeting its…

Minister for Commerce and Industry Piyush Goyal, in his post, flagged the altered video clip of his conversation with the media outside Parliament. He wrote that the video has been maliciously tampered with using AI to create a deepfake, which is being circulated on social media with the intent to spread misinformation.

Chinese chipmakers CXMT and YMTC are now dictating memory chip prices globally. These companies are securing significant deals with major Chinese tech firms. Both firms are preparing for blockbuster initial public offerings soon. They face scrutiny from the United States over military ties and market power. Expanded manufacturing capacity aims to serve both domestic and…

Rubio’s missive follows the Trump administration’s June 12 move to block foreign nationals from Anthropic’s most advanced models, Mythos and Fable, on national security grounds, prompting the AI company to abruptly suspend ​access to the models globally. Asian tech executives seized on the disruption to tout their own alternatives and European lawmakers redoubled their calls…

Studios worried about their intellectual property being misused, and actors feared becoming little more than raw material for AI systems and made it a central plank of their strike action in 2023. But a floodgate opened in early March, when Netflix bought a small, little-known company with fewer than 20 employees for a hefty $587…

France’s parliament is weighing a social media ban for under-15s, following in the footsteps of Australia and Indonesia, although enforcement authorities are facing a puzzle on how to manage age checks. Under its ban in force since December, Australia told social platforms they were not allowed to require government ID even in cases where a…

Happy Monday! Skyroot is gearing up for more frequent Vikram rocket launches. This and more in today’s ETtech Morning Dispatch.

Shanghai Xingshu Tiansuan launched its first space-computing constellation on Saturday. This project aims to deploy a total of one thousand satellites in orbit. Space-based computing processes data in orbit, reducing the need for Earth transmission. This launch moves China closer to commercial operation of its space-based computing network. Elon Musk’s SpaceX is also advancing its…

Kulmeet Bawa, managing director for India and SAARC at ServiceNow said the company’s next phase of growth lies in becoming the “AI control tower” for enterprises by orchestrating AI workflows across multiple software systems rather than competing directly with foundation model providers.

The agreements come as the industry races ‌to expand ⁠manufacturing ⁠capacity to meet the booming demand for memory chips due ​to the rapid adoption of AI tools.

Agnikul is an end-to-end space transportation company incubated at IIT Madras. It develops the Agnibaan family of configurable small-lift launch vehicles powered by the world’s first single-piece 3D-printed semi-cryogenic engine.

Delivery Hero ‌said ​the ​potential ⁠offer would be ​made to all of ​its shareholders and that ‌it would not ​comment ​on ⁠speculation regarding an offer price.

This shows India’s growing importance across Anthropic’s markets. India accounts for about 6% of global Claude usage. The AI giant opened an office in Bengaluru earlier this year and roped in former Microsoft MD Irina Ghose to head operations.

The tech firm’s data center chip, code-named “Iris,” is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) that it will design in-house. The plan is to use custom-built silicon to improve the AI that powers its Facebook and Instagram social media platforms.

LTM chief executive Venu Lambu declared AI revenue separately for the first time in the earnings call, at $150 million for the quarter, in addition to announcing the completed transition to outcome-based pricing across its top 10 clients. The deal flow remained steady on a quarter-on-quarter basis at $1.68 billion, although it improved 3% year-on-year,…

“We forecast that next year ​will be the worst year in the industry’s history from the supply perspective,” Kwak Noh-jung told Reuters ​in an interview on ⁠Friday, the ‌day the South Korean memory chipmaker ​began trading ​on the Nasdaq.

Krithivasan’s comments followed the announcement of TCS’ Q1 earnings. In the first quarter of FY27, India’s largest software services firm posted a 4.6% on-year growth in net profit at Rs 13,349 crore. Revenue rose 13.9% year-on-year to Rs 72,275 crore.

The Office of the Inspector General (OIG) under the Department of Labour has uncovered widespread schemes in which employers and labour brokers submitted fraudulent applications, exploited foreign workers through coercive wage-kickback arrangements, and undercut American workers by flooding the market with below-wage labour, an official statement said.

The Cybersecurity and Infrastructure Security Agency is using Mythos to scan government code repositories for bugs that could leave the door ​open for foreign spies and cybercriminals, the sources said.

Following its board meeting held on Monday, the company said it will acquire the entire remaining shareholding of Sunrise Mentors, which operates the edtech platform Coding Ninjas, from its founders.

Founded in September 2025 by former Udaan senior executives Pradeep Yadav and Ankit Agarwal, Klydo delivered clothing, accessories, footwear, and home and gifting products within 15 to 30 minutes in Bengaluru. It competed with startups like Knot, Zilo, and Slikk.

Rapido app founders have been booked in Nagpur for allegedly running unauthorised petrol-powered bike taxi services across Maharashtra. The Regional Transport Office (RTO) filed a complaint after seizing a bike used for commercial rides without proper permits. The company is accused of violating transport rules, risking passenger safety, and causing financial losses to the government.

Amazon India is injecting over Rs 2,800 crore this year to significantly expand and upgrade its nationwide operations. This investment aims to enhance delivery speeds, improve associate well-being, and bring a wider selection closer to customers. In West Bengal, the company has already boosted its last-mile network, enabling faster deliveries and supporting local businesses.

Meta’s shift to token-based pricing signals a new phase in enterprise messaging, with businesses paying for AI usage instead of message volume.

Cigna’s Evernorth has unveiled Pharmacy Forward, an AI-driven specialty pharmacy program backed by a $100 million investment. This initiative, starting with Accredo, aims to slash prescription processing times and enhance patient care by reducing clinician documentation by up to 50%. The program is set to deliver significant value, with plans to expand its AI capabilities…

Delhivery CEO Sahil Barua said ecommerce deliveries are leading the company’s growth. This and more in today’s ETtech Top 5.

Supported by the Indian High Commission (HCI), the Indian Institutes of Technology Alumni Association – Singapore (IITAAS) on Sunday signed a Memorandum of Understanding (MOU) with the Migrant Workers’ Centre (MWC).

The AI race is heating up as tech giants like OpenAI, Google, Amazon, and Microsoft design their own chips to optimize AI operations. This strategic move aims to cut soaring deployment costs and gain control over crucial infrastructure, moving beyond just building better models. While Nvidia’s GPUs still lead in training, custom silicon is emerging…

Per the report, the White House’s Office of the National Cyber Director and the Office of Science and Technology Policy requested that the model be released first to a small set of government-approved partners rather than the general public.

EU antitrust regulators have preliminarily identified Amazon Web Services and Microsoft Azure as ‘gatekeepers’ under the Digital Markets Act. This designation aims to curb Big Tech’s influence by imposing specific rules. Both companies have voiced concerns, with Amazon highlighting the diversity of cloud services and Microsoft pointing to Google’s increasing market power.

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.