Three economists won the Nobel Prize for showing how innovation and creative destruction fuel long-term economic growth. Their work links scientific progress, technology, and economic change. It also explains today’s shifts in industries like AI and ecommerce, and the importance…
Foxconn clarified it did not discuss new investments in Tamil Nadu after its India representative Robert Wu, met with the state’s chief minister, MK Stalin. While Foxconn confirmed the meeting, it stated no fresh investments were discussed. The state government…
AdaniConnex, a joint venture of Adani Enterprises, is partnering with Google to establish India’s largest data centre campus in Visakhapatnam, Andhra Pradesh. This significant investment will create a major AI hub, featuring gigawatt-scale data centre operations supported by subsea cables…
India’s largest quick commerce platform, Blinkit, is experiencing warehouse disruptions in key cities due to a surge in festive demand and its shift to an inventory-led model. This operational challenge is impacting sellers, who are missing out on crucial Diwali…
Deeptech startup Chara Technologies has secured $6.2 million in funding led by Arkam Ventures to scale its rare earth-free motor platform. The investment will support a new Bengaluru factory, aiming for an annual capacity of 1 lakh units and expansion…
Fintech startup GoodScore has secured $13 million in a funding round led by Peak XV Partners. The Bengaluru-based company offers AI-driven insights and tools to help users monitor and improve their credit scores. Funds will be used to enhance AI…
ONDC has launched a new financial aid program. This initiative aims to support smaller logistics sellers and technology providers. The program offers grants to improve delivery operations and expand the network. Logistics sellers can receive funds per delivered order. Technology…
Tata Consultancy Services is reducing its reliance on H-1B visas for US operations, with CEO K Krithivasan stating a significant drop in fresh applications. This strategic shift aims to foster local hiring and aligns with a broader workforce transformation. The…
Google Chrome has added a feature that automatically removes notification permissions from websites users haven’t visited in a while. The update, now live on Android and desktop, aims to reduce disruption. However, it won’t affect notifications from installed web apps,…
The Institute of Chartered Accountants of India (ICAI) is in talks with the ministry of electronics and IT to share financial data of listed companies. This data will support the creation of India’s own AI models. The project aims to…
India’s National Stock Exchange (NSE) faces about 170 million cyberattacks each day. A special team of “cyber warriors” works nonstop to keep operations safe. During ‘Operation Sindoor’, NSE saw a record 400 million attacks in one day. But strong teamwork…
Maharashtra chief minister Devendra Fadnavis said new tech like AI, blockchain, and digitisation is making both business and government more open and efficient. He believes these tools can help farmers earn more and lose less. Speaking at a tech event,…
Conversational AI apps like Chai and Character.AI let users create and interact with virtual personas, while Roblox is a social gaming universe where kids play and interact daily. Together, these interactive platforms and games, experts told ET, represent a rapidly…
Salesforce CEO Marc Benioff expressed strong support for President Trump and endorsed deploying National Guard troops to San Francisco to address crime, citing a lack of sufficient police officers. This marks a notable political shift for the billionaire philanthropist, who…
OpenAI and Sur Energy are set to build a massive data center in Argentina. This project, valued up to $25 billion, will support advanced artificial intelligence computing. The facility will have a capacity of 500 megawatts. This initiative is expected…
Plans for the project, which is expected to be based in the northeastern state of Ceara, were disclosed by Reuters in April, when three people familiar with the matter had said TikTok’s Chinese parent company ByteDance was weighing the move.
FCC Chair Brendan Carr said in an interview that the items removed are either on a U.S. list of barred equipment or were not authorized by the agency, including items like security cameras and phones from companies like Huawei and…
The lawsuit is one of many high-stakes cases brought by copyright owners such as authors, news outlets, and music labels against tech companies, including OpenAI, Microsoft, and Meta Platforms, over the unauthorized use of their work in AI training. Anthropic…
Tata Consultancy Services plans a significant $7 billion investment in a 1GW data center unit in India, a strategic shift from its capex-light model. Analysts express caution, citing limited overlap with core IT services and potential pressure on high return…
Prince Harry and Meghan Markle called on parents to oppose social media firms that exploit children through harmful algorithms. They highlighted the risks of unregulated AI, citing research showing children frequently face damaging interactions with chatbots. Their foundation will partner…
SoftBank Group is discussing a $5 billion loan from global banks, using shares of its chip business Arm Holdings as security. The funds will support more investment in OpenAI this year, Bloomberg News reported.
WeWork India shares: WeWork India Management shares experienced a subdued listing on stock exchanges Friday, opening with a marginal premium on the NSE and a slight dip on the BSE. The company’s Rs 3,000-crore IPO, a pure offer-for-sale, saw strong…
China is increasing its enforcement of chip import restrictions, aiming to move its tech firms away from relying on US products. According to the Financial Times, this includes reducing dependence on Nvidia’s AI chips, as Beijing pushes for more control…
Indian equity markets are underperforming due to limited AI exposure, prompting fund managers to pursue high-growth strategies. Foreign investors are retreating, selling billions in equities, while domestic investors are absorbing the outflows. Despite valuation concerns, India’s long-term growth story and…
Chennai’s OrbitAID Aerospace is set to deploy India’s first in-orbit docking and refuelling interface, SIDRP, on an Australian mission in 2026. This groundbreaking commercial deployment, supported by the Indo-Australian Space MAITRI grant, aims to extend spacecraft lifespans and promote space…
Infosys has filed a writ petition in the Karnataka High Court challenging a Rs 415 crore show cause notice from the DGGI concerning alleged ineligible input tax credit refunds. The notice claims services provided by overseas branches were not exports,…
America has approved billions of dollars in Nvidia chip exports to the United Arab Emirates. This is part of a bilateral artificial intelligence agreement. The deal will help the UAE build data centres for AI model development. The agreement allows…
Graphcore, a UK chip firm, will invest $1.3 billion in India over the next decade. The company is opening its first office in Bengaluru, hiring 100 AI engineers initially. This move taps into India’s talent pool for chip design. Graphcore’s…
The deal means ABB has abandoned its decision to spin off and separately list the industrial automation business, which competes with Japan’s Fanuc, Yaskawa and Germany’s Kuka.
Quick commerce firm Zepto has appointed Sneha Arora as its new Chief Human Resources Officer. Arora brings 15 years of experience from companies like Simpl, Myntra, SAP, and Flipkart. Her appointment follows the departure of the previous HR head. Zepto’s…
Ixigo’s parent, Le Travenues Technology, will review a proposal from an investor to buy both new and existing shares. The investor, possibly through affiliates, aims to hold no more than 16% of the company. A board meeting to discuss this…
OpenAI and Anthropic may use investor money to deal with costly lawsuits, according to the Financial Times. They, along with some other tech firms, face legal action over alleged misuse of copyrighted content to train AI. OpenAI reportedly has up…
Job seekers are now hiding instructions for AI chatbots within their resumes. This tactic aims to get past automated screening systems and secure interviews. Companies are updating their software to detect these hidden commands. Some recruiters reject candidates who try…
PayPal CEO: India’s UPI is its platform’s first onboard payments system partner
Tesla may reveal a cheaper version of its popular Model Y SUV on Tuesday, aiming to boost sales and regain lost market share. Elon Musk had long promised a budget-friendly EV but dropped plans for a new $25,000 model. The…
According to the Financial Times, Elon Musk has named former Morgan Stanley banker Anthony Armstrong as the new CFO of artificial intelligence company xAI. He will lead the finance operations for both xAI and social media platform X, replacing Mike…
The Nobel Prize in Physics is set to be announced, with potential honorees recognized for advancements in wavelet theory powering image compression, “invisibility cloak” research, and the science behind the James Webb Space Telescope. Other speculated fields include quantum information…
OpenAI’s CEO of Applications, Fidji Simo, says big AI spending isn’t a bubble but the new reality, driven by rising demand. She sees computing power as key. While recognising AI risks, she highlights its benefits in mental health and jobs.…
Chetan Bhagat dismissed AI’s threat to fiction writing. He stated AI cannot replicate human emotion or lived experience. Bhagat launched his new book, ’12 Years: My Messed-Up Love Story’, in Pune. The book features a love story with an age…
Nvidia continues to dominate the AI chip market, leveraging its integrated hardware and software ecosystem. While cloud giants like Google and Amazon are developing their own powerful processors, and Chinese firms are also entering the fray, experts assert Nvidia’s lead…
China pushes to develop top AI microchips. Analysts state China will struggle to match Nvidia’s technical might this decade. US restrictions on advanced chips drive this effort. China needs progress in memory, packaging, software, and manufacturing tools. Industry experts predict…
Happy Monday! Stock-trading startup Dhan has raised $120 million at a unicorn valuation. This and more in today’s ETtech Morning Dispatch.
The fresh capital will be used to scale the company’s technology platform, expand its distribution and logistics network, and strengthen its non-banking financial company (NBFC) arm, which provides financing solutions to small and medium enterprises (MSMEs).
Magicpin aims to enrol 5 lakh students and corporate users on its new food delivery service, Inner Circle, by December. Launched in September, it has already attracted 1.5 lakh users. The service targets Gen Z and young professionals, offering affordable…
Indonesia has lifted its suspension of TikTok’s local operating licence after the social media platform shared data requested by the government about recent protests, the ministry of communication and digital affairs said. “Based on the fulfillment of those obligations, the…
The EU plans to launch a fresh strategy to boost locally developed AI platforms, aiming to compete with tech leaders like the US and China. Called the “Apply AI strategy”, the proposal encourages the use of European AI tools across…
Emily Blunt expressed alarm after learning that rising “actress” Tilly Norwood is actually AI. Speaking on a podcast, she called the development terrifying. Created to rival real stars like Scarlett Johansson, Tilly’s rise has triggered concern in Hollywood, where many…
India’s Arattai, a WhatsApp rival, added two million users but faces skepticism due to strong network effects. Experts believe only disruptive events or open, interoperable platforms, like the UPI model proposed by Arattai’s founder, can challenge incumbents. This strategy aims…
The project builds on quantum as a key pillar of the India-UK Technology Security Initiative (TSI), with a mission to cultivate healthier soil microbes and unlock new strategies for protecting crops in arid and climate-vulnerable regions.
OpenAI chief executive Sam Altman announced plans to share revenue with rightsholders on video generation to certain characters on Sora, if those rightsholders agree to let users generate content featuring their characters. The move aimed to build a legal and…
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let’s take a look.
The lawsuit, filed in US District Court in San Francisco, said the H-1B program is a critical pathway to hiring healthcare workers and educators. It drives innovation and economic growth in the US, and allows employers to fill jobs in…
Supporters said the new law will open a path for the largest expansion of private sector collective bargaining rights in the state’s history. The legislation is a significant compromise in the yearslong battle between labor unions and tech companies.
To cut energy use by data centres, a Chinese firm plans to place a server pod underwater near Shanghai. The yellow capsule aims to solve the high power demands of data centres, which heat up during use. Rising AI use…
Apple has taken down ICEBlock and similar apps after pressure from President Trump’s administration. The app warned users about nearby immigration officers. Apple said it removed the apps due to law enforcement concerns about safety risks, as ICE agents play…
OpenAI has asked a judge to throw out xAI’s lawsuit, calling it part of Elon Musk’s ongoing attacks. xAI accused OpenAI of poaching staff to steal secrets about its chatbot Grok. OpenAI denied the claims, saying employees are free to…
Google’s YouTube TV and NBCUniversal have signed a multi-year deal after a difficult negotiation, keeping popular shows like Sunday Night Football on the platform. The agreement includes NBC channels and access to Peacock through YouTube’s app. YouTube also extended Peacock’s…
Mexican fintech firm Kapital may go public within three years, according to CEO Rene Saul. He mentioned plans for a possible dual listing in both Mexico and the US. Kapital recently became a unicorn, valued over $1 billion, after raising…
Microsoft has promoted Judson Althoff to CEO of its commercial business, letting Satya Nadella focus more on tech and AI. Althoff will lead a new group combining sales, marketing, and operations. Nadella says this change helps Microsoft push ahead in…
Elon Musk’s net worth surged to nearly $500 billion, making him the first person in history to reach this milestone. This was primarily driven by a rebound in Tesla’s shares and the increasing valuations of his AI startup xAI and…
Yahoo is close to selling AOL to Italy’s Bending Spoons for around $1.4 billion, say insiders. The Milan tech firm may soon own the once-iconic internet brand. Talks are ongoing, and nothing is final yet. The sale would mark another…
Happy Thursday! Digital attacks are becoming faster and more devastating with AI. This and more in today’s ETtech Morning Dispatch.
Cybercriminals are using plain-language prompts on ‘Evil LLMs’ built for fraud, tricking them to sidestep safety curbs, to launch attacks.
In a letter from last week, Disney said that its concern is not only financial, but that Character.AI’s platform weaponizes the media giant’s characters in a way that could damage its brand in the long term, according to Axios.
Happy Wednesday! In an exclusive interview, Perplexity CEO Aravind Srinivas details the AI company’s India push, competition with Google and more.
OET is Ola Electric’s manufacturing and technology arm driving Ola’s EV ecosystem, from vehicle platforms to battery technology. It has secured approval from its board and shareholders to raise up to Rs 877.6 crore by issuing 87.76 crore preference shares…
Regulatory filings seen by ET show the four cofounders of Billionbrains Garage Ventures, Groww’s parent entity, increased their combined stake to 29.01% on a paid-up basis as on June 30, having raised it to 27.93% in 2024-25 from 23.89% in…
Startup’s CEO backs sovereign AI and says Comet agentic, not a tool. In discussions with PM Narendra Modi, the emphasis was on curiosity-driven use, not just ‘cheat codes’ for work, says the Chennai-born entrepreneur
Happy Tuesday! Payment firms may have to weather storms in near term, but there may also be a silver lining. This and more in today’s ETtech Morning Dispatch.
A double whammy of regulatory shifts — the real money gaming (RMG) ban and new central bank norms for payment aggregators — is set to reshape the payments landscape. While some see a threat to revenue and margins, others spot…
Deepak Agarwal, global chief AI officer at LinkedIn, told ET that in job search, AI no longer offers passive assistance. AI is reshaping work, with 70% of jobs expected to involve it by 2030. LinkedIn urges upskilling and highlights India’s…
Firms such as NuVentures, 247VC, and Wyser have a significant and growing share of investments from professionals who have spent over a decade in the sector in India and the US, looking to ride the startup wave. Technology professionals wanting…
Cloned Identity itself is now an asset that can be bought, stolen or retained through AI. Legal brains call for a framework to tackle the risks, writes Tanya Pandey.
After kicking off their flagship festive sales with a bang, etailers are now seeing demand cool off, according to industry executives, brand founders and analysts. However, most expect momentum to return as Diwali approaches.
The Trump administration’s steep hike in H-1B visa fees may have rattled the US tech industry, but identity and access management player Okta is looking to India for both talent and growth, chief executive Todd McKinnon told ET in an…
Outcome-based pricing in IT deals is a promising approach but presents challenges in benchmarking outcomes, especially for long-term projects, as success metrics can be ambiguous and vary across industries, said Biswajeet Mahapatra, principal analyst, Forrester. He added that clients often…
This festive season, the spike in cyber fraud activities has been fuelled by AI-generated tools, making the attacks more personal and contextualised. Cybersecurity companies report a nearly 40% rise in attacks during festivals, with up to 15% of them behaviour…
India is at an early stage, with ten approved projects covering two fabs, rest assembly (OSAT), and compound semiconductor units, amounting to a total investment commitment of about Rs 1.6 lakh crore in six Indian states. ET compares global chip…
An unsecured cloud server exposed hundreds of thousands of bank transfer records, revealing names, bank account details, and contact information. Cybersecurity firm UpGuard found over 2.73 lakh files on the Amazon server on August 26, each showing unmasked account numbers,…
OpenAI’s new CEO of Applications, Fidji Simo, is looking to hire a senior leader to head its monetisation strategy, which may include ads on ChatGPT. Simo, who joined last month, has been meeting candidates, some from her Facebook days, for…
Amazon received the highest number of H-1B visa approvals in the first half of 2025, with 10,044 approvals by June 30, according to USCIS. Tech companies are the main users of the programme. TCS came second, followed by Microsoft, Meta,…
At a recent education conference, experts stressed that technology, including AI, should be seen as a tool, not a teacher. They warned of the risks if children use it without guidance. Biswajit Saha from CBSE said technology must be used…
The job cuts are part of an $865 million restructuring programme, said the CEO. However, the global consulting firm is also upskilling over 70,000 of its employees in agentic AI.
Headquartered in San Francisco’s South Park, Touring’s Fund I will back early-growth, AI-powered software startups globally, according to the report. The $330 million fund was raised from a mix of global institutional limited partners (LPs), family offices, and over 30…
In a statement released Friday, Rep. John Moolenaar, the chairman of the Select Committee on the Chinese Communist Party, praised the proposed deal as “an important step” in transitioning ownership of the TikTok platform to American hands but he emphasized…
Tether is seeking between $15 billion and $20 billion for about a 3% stake through a private placement, Bloomberg News had reported on Tuesday.
Nearly 80% of consumer usage for Claude comes from outside the United States, with per-person usage in countries like South Korea, Australia and Singapore outpacing that of America, the company said.
Ramakrishnan worked on the first iteration of Amazon’s Alexa voice assistant and the associated Echo devices. He began his career at Netscape before moving to Tellme Networks, which was acquired by Microsoft, according to his LinkedIn profile.
India is considering easing foreign investment rules to let ecommerce firms like Amazon buy directly from Indian sellers for exports. The draft DGFT proposal introduces a third-party export entity to handle compliance. The move, amid trade deal talks with the…
Google and Flo Health agreed to a $56 million settlement over allegations they shared sensitive menstrual and pregnancy data from Flo app users for targeted ads, violating privacy promises. Google will pay $48 million, Flo $8 million.
Accenture expects about $250 million in charges in the November quarter, on top of $615 million recorded in the fourth quarter, for a total of $865 million. The restructuring program highlights the broader trend of companies adapting their workforce and…
The European Commission is preparing to issue preliminary findings saying that Meta’s Facebook and Instagram lack an adequate “notice and action mechanism” that would let users flag illegal posts for removal, according to two people familiar with the plans, who…
Microsoft disabled certain cloud and AI services used by Israel’s Ministry of Defense after finding preliminary evidence of their role in surveillance in Gaza and the West Bank.
Earlier this week, the White House said Trump will declare that a deal to divest TikTok’s U.S. operations from its Chinese owner ByteDance will meet requirements set out in a 2024 law, and investors will include Oracle, and private equity…
In a social media blog post, Google explained that the two key additions: more robust function calling and more natural conversations.
Meta, previously known as Facebook, bought Instagram for $1 billion in 2012, a move that had raised questions about the company’s strategy as the social media app had begun with just photo-sharing without significant revenue.
The investigation into the operations of the 1xBet betting app is part of the ED’s wider probe against such platforms on allegations of duping numerous people of crores of rupees and reportedly evading a huge amount of direct and indirect…
The creator of Tamil Nadu’s startup reality show Startup Singam has onboarded top business leaders and investors to Baanhem. Season 2 is expected to raise Rs 100 crore in fresh investor commitments.
The fund house serves over seven lakh investors across more than 16,000 pincodes, according to its website. Earlier this January, it had reported an AUM of Rs 4,287 crore, with over four lakh unique investors.
TikTok will strengthen safeguards to keep children off its platform after a Canadian probe found its protections for minors and personal data insufficient, privacy officials said.