LAT Aerospace is hiring for software roles as it plans to build a strong software and autonomy team, cofounder Surobhi Das said in a LinkedIn post on Wednesday. According to her post, LAT is hiring for roles across flight control,…
Swiggy will issue fresh shares at around Rs 375 apiece for its Rs 10,000-crore qualified institutional placement (QIP), people with direct knowledge of the exercise told ET. The Rs 375 pricing for Swiggy’s QIP is a 6% discount to its…
After a notable decrease in valuation, Unacademy is recalibrating its strategy. Co-founder Gaurav Munjal is dedicated to enhancing product quality and driving profitable growth. The company’s impressive financial health positions it well on the journey to profitability in the upcoming…
Google and the Telangana government have launched a new Google for Startups hub at T-Hub in Hyderabad. This initiative will offer selected AI-first startups free coworking seats and access to venture investors. The hub aims to support startups with mentorship,…
Elecbits will use the funds to scale its AI-powered electronics engineering and manufacturing platform, and to expand its in-house design and manufacturing capabilities.
In an unprecedented legislative step, Australia has implemented a ban on social media for those under 16, compelling major platforms such as TikTok and Instagram to refuse access to younger users or incur substantial fines.
This will be Microsoft is largest investment in Asia, CEO Satya Nadella noted.
IIT Bombay’s SINE launched Y-Point Venture Capital, a substantial Rs 250-crore deeptech fund aimed at elevating early-stage startups. Targeting promising projects from IIT Bombay and other esteemed universities, the fund will concentrate on transformative areas like AI, advanced manufacturing, and…
Microsoft is getting ready to spend more on AI in India. This and more in today’s ETtech Top 5.
The Swiggy QIP comes amid escalating competition for its fast-delivery service, Instamart, which is likely to intensify with this fundraise. The company had already burnt through more than 80% of the funds raised during the IPO, primarily due to pressure…
Venture funds told ET that instead of focussing on EV mobility, which has already seen substantial private investment, focus is shifting towards export-ready categories such as MRV (measurement, reporting, and verification), carbon-credit platforms, circular economy solutions, climate SaaS, and digital…
Shareholder nod is an enabling provision for any company’s fundraise plans. Swiggy’s current fundraise could be launched as early as this week. At the current share price, a Rs 10,000 crore QIP would see over 10% equity dilution for Swiggy.…
Under the agreement, Intel and Tata intend to explore the opportunity to rapidly scale tailored AI PC solutions for consumer and enterprise markets in India, which is projected to be one of the top five markets globally by 2030.
President Donald Trump said on Monday he would sign an executive order this week related to the artificial intelligence approval process to avoid having different rules in each US state.
Indian IT firms struggle as H-1B approvals plummet. This and more in today’s ETtech Top 5.
Deepinder Goyal, founder and CEO of Zomato’s parent company Eternal, on Sunday shared a first look at his new product, a brain blood flow monitoring device called ‘Temple’.
On the sidelines of the National Conference on the Use of AI/ML in the Power Distribution Sector, Shashank Misra, Joint Secretary at the Ministry of Power, said that the government is pushing AI tools to help distributors detect theft-prone zones…
Executives are rebranding struggling firms as “refounded” AI companies, using the language of founding to signal high stakes and sweeping change. Firms like Airtable, Handshake, and Opendoor adopt AI-focused models, layoffs, and startup-style intensity.
Meta announced Friday it will integrate content from major news organizations into its artificial intelligence assistant to provide Facebook, Instagram and WhatsApp users with real-time information. The feature will allow users to access “more diverse content sources” and receive links…
A deflating AI bubble could spur innovation. Scarcity forces efficiency, pushing companies to build energy-saving, chip-efficient models that actually learn and advance. Historical crises show constraints drive breakthroughs. Without such pressure, AI risks stagnation. A cooler market would reveal durable…
Google has begun releasing Gemini 3 Deep Think mode to AI Ultra subscribers on the Gemini app. The feature is designed for demanding maths, science and logic tasks, supported by advanced parallel reasoning and strong benchmark scores. Users can enable…
Amazon says its planned $12.7 billion investment in cloud and AI infrastructure will support 15 million small businesses in India by 2030. The company also aims to provide AI training to 4 million government-school students. Amazon notes it has already…
AI’s rapid expansion is fuelled by massive infrastructure spending, but real progress often comes from scarcity, not abundance. When resources tighten, innovation tends to accelerate, as seen in past energy and agricultural crises. A cooling AI investment bubble could push…
Meta has postponed the launch of its Phoenix mixed-reality glasses to 2027, citing the need for a fully refined device. The lighter, lower-spec goggles, previously called Puffin, aim to balance performance and design. The move coincides with up to 30%…
Meta is acquiring US startup Limitless, which makes an AI-powered wearable pendant that records and summarises conversations. The five-year-old Denver-based firm, valued at $368 million in 2023, will help Meta advance its AI-enabled wearables and personal superintelligence goals. Financial terms…
Z47, formerly Matrix Partners India, has fully exited its investment in Bhavish Aggarwal’s Ola Electric, realizing 7-10X returns. This move comes as Z47 seeks to raise its first independent fund. The exit follows other partial stake sales from its India…
Ola Electric lost one of its earliest backers during a period of turmoil, but there’s more to it. This and more in today’s ETtech Top 5.
The Supreme Court has halted contempt proceedings against Byju’s resolution professional and EY India chairman. These proceedings were related to the edtech firm’s foreign assets. The contempt case stemmed from a Kerala High Court order concerning overseas subsidiaries. Earlier, the…
Netflix has agreed to acquire Warner Bros. Discovery’s TV and film studios and streaming division for $72 billion, outbidding Paramount Skydance. This significant acquisition aims to secure long-term content rights and bolster Netflix’s position against competitors, though it faces potential…
EU tech regulators have fined Elon Musk’s social media company X 120 million euros for breaching online content rules under the Digital Services Act. This marks the first sanction under the landmark legislation, with rival TikTok avoiding a penalty through…
Cofounder Suvir Sujan told ET that Nexus will back US-only AI and enterprise startups going forward. It expects 4–5 IPOs in the next 2–3 years from its portfolio, which will generate outsized returns, Sujan said. The VC fund has returned…
The European Union has launched an antitrust inquiry into Meta’s recent AI advancements on WhatsApp, citing concerns about potential barriers for third-party AI innovators.
PhonePe’s Pincode is embracing a transformative shift by putting all its chips on B2B business solutions for offline stores. This decisive change means bidding farewell to its B2C shopping app, and it’s all about helping local shops thrive in the…
Palantir, Nvidia, and CenterPoint Energy are launching “Chain Reaction,” a new AI-powered software platform designed to streamline the complex process of building AI data centers. This initiative aims to tackle permitting, supply chain, and construction hurdles, leveraging AI to untangle…
The move comes on the back of a nationwide ban on real-money gaming announced by the central government in August, which erased 95% of the company’s revenue and 100% of its profits.
Pine Labs Q2 Results: Payment solutions company Pine Labs swung back to black in the September-ended quarter, reporting a consolidated net profit of Rs 6 crore versus a loss of Rs 32 crore in the year-ago period.
Digital lenders granted over Rs 97,000 crore in personal loans in just the first half of FY25-26, which translates to a staggering 25% year-on-year increase. This surge is especially prevalent among tech-savvy youth and smaller urban centers, showcasing their vital…
India has withdrawn its order requiring smartphone makers to preinstall the government’s “Sanchar Saathi” cybersecurity app. The rule drew backlash over privacy and user consent. The ministry now says installation will remain voluntary. The app helps track stolen phones and…
The addition of Leary comes at a crucial time when India’s largest private internet company is going into the next year for a potential public-market listing. Neary joins others on the Flipkart board including Walmart executives Kathryn McLay who is…
Conducted by consulting firm Alvarez & Marsal, the survey assessed maturity across six areas, namely AI adoption, governance, responsible AI, secure development, deployment, and incident response via an anonymous questionnaire across BFSI, technology, healthcare, manufacturing, and retail sectors.
Wealthfront, a digital wealth management firm, plans to raise as much as $485 million through its initial public offering in the United States. The company, founded in 2008, offers automated financial tools including cash accounts and investing services. Wealthfront will…
As of October 31, 6,385 recognized startups have been categorized as closed, according to Ministry of Corporate Affairs data. Maharashtra reported the highest number of closures. The government stated it has not observed an increase in startup closures, attributing them…
Fireside Ventures has closed its largest fund yet at Rs 2,265 crore, backed by Indian and global investors. The consumer-focused firm will continue investing in sectors like wellness, beauty, pet care, and health food, with a focus on Gen Z…
The war of words played out on X. Y Combinator CEO Garry Tan posted a screenshot of a news story in which the Zoho CEO had said vibe coding “oversimplifies” software development.
Facing AI-driven job uncertainty, many young Brits are turning to skilled trades for stable careers. White-collar jobs are being viewed as more vulnerable to disruption by AI and automation than manual labour. Colleges report rising enrolments in construction, plumbing, and…
Billionaire Elon Musk shared his thoughts on simulation theory. He believes there is a high chance our reality is a computer simulation. Musk pointed to the rapid advancement of video games and AI. He suggested future civilisations could create countless…
The Bombay High Court has dismissed two petitions aiming to halt WeWork India’s initial public offering. The court rejected the legal challenges, allowing the company’s market debut to proceed. Petitioners had raised concerns about disclosures and risks associated with the…
Residents in rural Pennsylvania are protesting proposed data centers. They fear the projects will harm farmland and increase utility bills. This opposition spans political divides, uniting farmers and homeowners. The movement highlights growing concerns about the rapid build-out of AI…
Finfactor, parent of account aggregator Finvu, has secured $15 million in a funding round led by WestBridge Capital. The capital will fuel product scaling, analytics enhancement, and Finvu’s transition to a full-stack technology provider for BFSI clients. The company aims…
India’s competition regulator told a New hi court that Apple is trying to delay antitrust action by disputing the country’s penalty rules. Apple is challenging a law that lets authorities base fines on a company’s global turnover when assessing market-abuse…
AI is changing holiday shopping, with major retailers and tech firms offering smarter assistants that personalise recommendations, track prices, and even place orders automatically. New tools from Amazon, Google, OpenAI and others promise quicker searches, clearer comparisons and easier checkout,…
The IPO of the Bengaluru-based company will conclude on December 10, and anchor investors will be allocated shares on December 5, according to the red herring prospectus (RHP).
In the podcast, the Zerodha cofounder and the Tesla and SpaceX chief are seen sipping from mugs — one of which had a SpaceX logo — and breaking into laughter. The podcast episode may be released for an exclusive pre-screening…
The research has studied customer behaviour towards Artificial Intelligence enabled service agents, including as chatbots, digital assistants and service robots. Conducted in collaboration with researchers from Cochin University of Science and Technology (CUSAT), Kerala, the findings of this research have…
A Dubai restaurant has opened that prides itself on having the world’s “first AI chef”, the latest ostentatious dive into new technology in a city obsessed with being on the cutting edge of the future. “I don’t believe in it,”…
In its defence, OpenAI has said that the complaint included selective excerpts that lacked critical context. The AI company added that the full chat transcripts had been submitted to the court under seal. Besides the Raine case, OpenAI is facing…
Lenskart Q2 Results: Lenskart Solutions reported its first quarterly results post-listing, showcasing a robust 19.6% year-on-year increase in consolidated profit after tax to Rs 102.22 crore. Revenue from operations also surged by 20.8% YoY, reaching Rs 2,096.14 crore for the…
Governments worldwide are tightening rules on online platforms, fuelling rapid growth in the AI-powered age-verification industry. Startups like London-based Yoti now perform around a million selfie-based age checks daily for clients such as Meta, TikTok, and Sony, promising fast and…
US chipmaker Micron Technology will invest 1.5 trillion yen ($9.6 billion) to build a next-generation memory manufacturing facility in western Japan to support artificial intelligence computing, Nikkei reported on Saturday.
The OpenAI CEO was referring to the company’s early discovery of scaling laws for language models in a month-old podcast with Andreessen Horowitz (a16z), an investor in the AI giant. The podcast resurfaced on the official X handle of a16z…
Wingtech was responding to an open letter published by Nexperia’s Dutch unit on Thursday in which it wrote that it had made repeated and multiple attempts to restore dialogue but had failed to receive a response from its Chinese units.
According to Vembu, who took to X to recount the episode, it all began when he received a cold e-mail from a startup founder pitching a potential acquisition.
Amazon acquired Bengaluru-based non-bank lender Axio earlier this year. Currently focused on BNPL and personal loans, Axio will re-embark on offering credit for small businesses and start offering cash management solutions.
Amazon and Flipkart are moving deeper into financial services in India, targeting small businesses and consumers with new lending products as they challenge traditional banks. Amazon, after acquiring non-bank lender Axio, plans to restart small-business loans and offer cash-management tools,…
Meesho’s upcoming IPO sets a price band of Rs 103-111, valuing the company at $5.74 billion. Founders Vidit Aatrey and Sanjeev Kumar, along with early investors like Elevation Capital and Peak XV Partners, are poised for significant paper gains. The…
Asahi says it has received no ransom demand after a major ransomware attack that may have exposed data of about two million people. The brewer called the incident “sophisticated and cunning” and has delayed financial results while restoring systems. Production…
Tech talent cloud company SkillsCapital says tech talent from India’s tier-2 and tier-3 cities is emerging as a major global services export. The company notes rising demand for non-metro professionals, supported by its AI-driven talent cloud. With global skill shortages…
Apple has gone to the Delhi High Court to oppose new antitrust rules that allow the CCI to levy fines based on global turnover. The company says the retrospective, wide-reach penalty system is unfair and disproportionate. Apple also wants parts…
Digital infrastructure provider CloudExtel has secured Rs 200 crore in debt from a private sector bank, alongside follow-on equity from existing shareholders. The capital will primarily fund a new Data Centre Interconnect (DCI) network, starting in Mumbai and expanding to…
Alibaba has entered the AI wearables market with its Quark glasses, aiming to challenge Meta’s dominance. Priced from 1,899 yuan, these glasses are powered by Alibaba’s Qwen AI model and promise deep integration with popular apps like Alipay and Taobao…
HCL Technologies is expanding its collaboration with SAP to develop Physical AI solutions, embedding artificial intelligence into real-world industrial and business operations. The partnership will focus on customer projects applying embodied AI to enhance productivity and decision-making in manufacturing, supply…
Italy’s antitrust authority has expanded its investigation into Meta Platforms, alleging abuse of dominance via AI tools on WhatsApp. The regulator is also initiating procedures for potential interim measures concerning new WhatsApp Business Solution Terms and the integration of Meta…
HSBC analysts project OpenAI could face a significant compute rental shortfall by 2030, despite substantial new cloud deals with Microsoft and Amazon. Even with projected revenue growth from various AI ventures, the company’s massive compute needs may outpace its financial…
Microsoft will remove Copilot from WhatsApp on January 15 because of new platform rules banning general-purpose AI chatbots. Users must switch to Copilot’s apps or web version, with chat history not transferable. WhatsApp will still allow business-focused bots, aiming to…
Deeptech startup LightSpeed Photonics has secured $6.5 million in a funding round led by pi Ventures to advance its optical interconnect technology for AI data centres. The company’s patented solution offers significantly faster speeds and lower power consumption compared to…
Google is stepping up its game against Nvidia by permitting customers to install its unique TPUs right in their data facilities. In a parallel development, social media titan Meta is considering a substantial financial commitment that could run into billions.
Contract manufacturer Zetwerk is preparing for an IPO that could raise up to $750 million. The firm has hired several major banks and may file a draft prospectus early next year. The share sale is expected to include mostly new…
Taiwan’s premier said he has no knowledge of working with South Korea on U.S. tariff issues, stressing that Taiwan is only holding direct talks with Washington. He noted ongoing efforts to lower existing tariffs and described competition with South Korea…
The Indian data centre industry has urged MeitY for clear timelines on approvals and easier right-of-way access to speed up new projects. Industry players also seek incentives and operational guidelines for AI data centres, which need far higher power, cooling,…
OpenAI has launched “shopping research” in ChatGPT, helping users create detailed, well-researched shopping guides for the holidays. The tool compares products, highlights differences, and checks prices and reviews online. Users can tailor searches by budget, features, or recipient, while OpenAI…
Five executives reveal what happens when meritocracy meets mentorship, and why India’s largest e-commerce company is rewriting the rules on who gets to lead.
Elon Musk’s social media platform X rolled out its “About This Account” feature, revealing account creation dates, app usage, and locations. Many MAGA and Gaza-related profiles appear to operate abroad, sparking political reactions. Accuracy issues exist, with some locations wrong.…
Alibaba’s Qwen app has seen a massive surge, crossing 10 million downloads post-relaunch, signaling a strong contender against OpenAI’s ChatGPT. This rapid adoption highlights AI’s growing influence, with Qwen poised to integrate deeply into Alibaba’s e-commerce and lifestyle services, aiming…
Prime Minister Kim Min-seok emphasized AI’s role in economic growth, announcing a 10 trillion won budget allocation for the sector. The government aims to foster an “AI era” with “AI for all.” Meanwhile, South Korean stocks rose, led by semiconductors…
CNN has pulled its articles from Apple News after ending their content-sharing deal. Both companies are now in talks about a possible new agreement that could bring the stories back. Neither Apple nor CNN has commented.
The White House has paused a draft order to override state AI laws, signaling policy uncertainty.
The United Arab Emirates said on Saturday it will invest $1 billion to expand AI infrastructure and AI-enabled services across Africa, with the aim of helping countries meet national development priorities.
In states like Nevada, North Dakota, and the Washington, DC region, traditional industries and public-sector jobs have weakened due to lower tourism, oil prices, federal cuts, and slow hiring. However, a massive AI data-center construction boom has softened the impact…
Mark Zuckerberg and current and former leaders of Meta Platforms agreed to pay the company $190 million to resolve shareholder allegations that they damaged Meta by violating Facebook users’ privacy, according to a settlement unveiled on Thursday.
Intel chief executive officer Lip-Bu Tan dismissed reports about a new hire taking trade secrets from Taiwan Semiconductor Manufacturing Co. to his company, saying the US chipmaker respects other firms’ intellectual property.
Nokia will invest $4 billion into the US to boost AI-driven network technology, the company announced on Friday. The telecom equipment maker said that $3.5 billion of the investment will be allocated to R&D efforts. It added $500 million will…
The Trump administration may allow Nvidia to sell its powerful H200 AI chips to China, signalling a softer tech stance after a recent US-China truce. Officials are reviewing export controls despite security concerns, as Nvidia argues current rules leave China’s…
Taiwan has approved Nvidia’s plan to invest over $30 million to create a new subsidiary and build offices, supporting the company’s expanding operations. The move strengthens ties with chipmaker TSMC as global demand for Nvidia’s AI processors soars. The firm…
A US bankruptcy court has found Byju Raveendran in default for blocking the discovery process and ordered him to pay over $1 billion. The ruling cites ignored orders, missing Alpha Funds and alleged fund diversion. He must also account for…
Australia will bar under-16s from using major social platforms from December 10. Twitch must follow the rule, while Pinterest is exempt. Firms face heavy fines for under-age accounts. Twitch will block new under-16 Australian users and close existing accounts by…
Google faces a crucial federal court hearing today as a judge decides how to curb its alleged illegal monopoly in the digital ad market. The Justice Department is pushing for a breakup of Google’s ad tech, deeming it a “recidivist…
Euphoria over $2.3 billion raise is equal parts paranoia, excitement, says 25-yr-old Aman Sanger, cofounder of one of Valley’s hottest startups. We are acutely aware of the competition, and we look at (them) often for inspiration, because sometimes they do…
Groww Q2 Results: The company said its consolidated revenue from operations came in at Rs 1,018.74 crore, a 9.5% YoY fall from Rs 1,125.38 crore in the 2024 quarter.
Capillary Technologies India shares debuted on Friday with a slight discount to their IPO price. The company’s initial public offering saw robust demand from institutional and retail investors. Capillary Technologies is a prominent SaaS firm specializing in customer loyalty and…
Foxconn chairman Young Liu said on Friday the company now had the capability to manufacture 1,000 artificial intelligence racks per week, and it expected that rate to increase next year.