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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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.…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Governments and regulators from Europe to Asia are cracking down on sexually explicit content generated by Elon Musk’s xAI chatbot Grok on X as well as sexually intimate deepfakes produced by Grok.
Amazon Prime Air said in a letter seen Thursday by Reuters that the alliance’s positions “on the most consequential safety questions facing the commercial drone industry are incompatible with Prime Air’s core safety tenets.”
Google announced the all-cash deal in 2025, as it seeks to strengthen its cloud computing business in the AI era. It is the largest ever transaction sought by Google or its parent Alphabet. As part of the deal, Wiz will…
The European Parliament on Tuesday called for new EU-wide rules to protect copyrighted content in the bloc from generative AI use. In a non-binding report adopted by a majority, lawmakers said European Union copyright law should apply to all systems…
This is the second investment by JM Financial Private Equity in Asquare Foods and Beverages, which owns Zoff Foods. The private equity firm had invested Rs 40 crore in August 2024.
Rather than just generating responses, Copilot Cowork focusses on executing tasks assigned by the user across Microsoft 365 apps.
The Pentagon on Thursday slapped a formal supply-chain risk designation on Anthropic, limiting use of a technology that a source said was being used for military operations in Iran.
The state’s IT/BT department, through the Karnataka Innovation and Technology Society (KITS), has signed an agreement with the Krishi Kalpa Foundation to establish the centre. Per state IT/BT minister Priyank Kharge, the CoE will develop a strong platform for farmers,…
The Bengaluru-based firm posted a net profit of Rs 75.5 crore during the quarter, a 21.7% increase year-on-year (YoY), according to financial documents sourced from the Registrar of Companies (RoC).
If Anthropic did not allow the Pentagon to deploy these technologies for “all lawful uses,” Hegseth said, he would sever ties with the San Francisco startup.
A potential sale of CoolIT was in the preliminary stage and there were no guarantees that it would result in a transaction, the report said, adding that multiple buyers had been earmarked as potential bidders.
Social media platform X is investigating racist and offensive posts by xAI chatbot Grok, Sky News reported on Sunday.
While the industry has moved past the foundational struggles of basic representation, a consensus among leading women in the Indian tech and corporate ecosystem highlights a critical transition: the focus must now shift from mere participation to sustained leadership and…
Production across the global auto industry was disrupted in October when Beijing imposed export controls on Chinese-made Nexperia chips after The Hague seized the company from its Chinese parent Wingtech. Nexperia’s chips are widely used in cars’ electronic systems.
OpenAI faces rising competition from rival startup Anthropic. Led by former OpenAI researcher Dario Amodei, Anthropic is rapidly gaining enterprise customers, boosting revenue projections and challenging OpenAI’s dominance amid growing rivalry and shifting fortunes in the global AI race.
Two women in the 18-20 age group were found dead inside the bathroom of a temple in Gujarat’s Surat city, with police on Saturday stating they had recovered anaesthesia injections from the site and that the duo had searched AI-powered…
The CJI stated that AI would be utilised to achieve speedy, affordable, and true justice, adding that the apex court’s research centre had been rejuvenated to identify and address reasons behind the case backlog.
Chief of Defence Staff General Anil Chauhan on Saturday said the world is at the cusp of a huge transformation where artificial intelligence and autonomous systems will influence future warfare.
Niti Aayog, the central government’s premier policy think tank, has signalled a strengthened commitment to transforming India into a global electronics powerhouse through strategic industry partnerships.
Marvell Technology rose nearly 11% in early trading on Friday, as its upbeat multi-year forecast underscored booming demand for custom AI chips from large technology companies.
The Pentagon on Friday named as chief data officer a computer scientist who aided billionaire Elon Musk’s efforts to overhaul the government last year and who has boosted white supremacists and misogynists online.
Microsoft said it will continue to deploy Anthropic’s AI models in its products. The need for the confirmation comes after the AI major’s dispute with the Pentagon on how its AI models could be used in defence settings.
As Karnataka announced a social media ban for children below 16 years, Meta on Friday cautioned that governments considering such restrictions should be careful not to push teens towards less safe, unregulated sites or logged-out experiences that lack key protection.
Startups raised around $157.3 million between February 28 and March 6, a decline of 32.2% compared to the $231.9 million secured during the same period last year, according to data intelligence platform Tracxn. The number of deals during the week…
Speaking at the Morgan Stanley Technology, Media & Telecom Conference, Altman said governments should ultimately hold more authority than private companies and warned against corporate decisions that undermine democratic processes.
The move comes after the European Commission last month told Meta it was considering temporary measures to prevent the company from enforcing a policy blocking third-party AI chatbot providers from operating through the WhatsApp Business API. Meta’s policy, which came…
The new labs will support product development and testing across semiconductor and optical technologies. The move will strengthen the company’s engineering capabilities from its Bengaluru GCC.
Amazon’s cloud unit, AWS, said on Thursday it had launched an artificial intelligence-enabled platform that aims to ease access to care for patients and cut administrative work for healthcare providers.
Netflix said on Thursday it has acquired InterPositive, a filmmaking technology company founded by Academy Award winner Ben Affleck that produces artificial intelligence-powered tools for movie production.
Google separately announced on Wednesday it would now enable mobile app developers to use their own billing systems alongside Google Play’s, and allow them to guide users to their own websites for purchases.
Intel CEO Lip-Bu Tan is now starting to recognize its 18A manufacturing technology as a potential offering for external clients after relegating it largely to internal use last year, Chief Financial Officer David Zinsner said on Wednesday during a tech…
India is actively seeking semiconductor investments from Dutch firms. New Delhi is offering substantial subsidies to attract chip manufacturing. Dutch companies are exploring new markets amid global trade tensions. A strategic partnership is anticipated during Prime Minister Modi’s upcoming visit.…
Apple has launched a range of new products. This includes the budget-friendly iPhone 17e and the entry-level MacBook Neo. Updated iPad Air models and refreshed Studio Display monitors are also part of the announcements. Higher-end chipsets for MacBook Pro laptops…
Anthropic and Pentagon continuing discussions.
In November 2025, the AI coding startup had raised $2.3 billion at a valuation of $29.3 billion. In the last three months, sales have doubled, with nearly 60% of revenue now coming from corporate customers.
The licence renewal under the 2016 aggregator rules, which comes after years of correspondence and uncertainty, brings regulatory certainty to Uber’s business in Karnataka. Per industry watchers, this will restore confidence in the app-based mobility ecosystem.
AI’s frontier has moved from beyond intelligence to orchestration. Autonomous agents, not just chatbots, are becoming the industry’s new power centre. Anthropic, Perplexity, and Moltbook are defining how autonomous systems will operate at scale.
An EU expert group is to begin work this week on whether to ban social media for children with the aim of coming up with recommendations by the summer, Brussels said Tuesday. Brussels is considering setting a minimum age to…
Ziff Davis is selling its Connectivity division, featuring Ookla’s Speedtest and Downdetector, to Accenture for $1.2 billion. This move allows Ziff Davis to concentrate on its popular enthusiast websites and health and auto platforms. The sale is expected to close…