India has emerged as GitHub’s fastest-growing developer hub and innovation lab, with the Microsoft-owned platform projecting it to have more than 57.5 million users in the country by 2030, surpassing the US. From student skilling to enterprise AI adoption, GitHub…
Under the Verizon AI Connect agreement, the telecom giant will construct long-haul, low-latency fiber pathways to enhance the performance and reliability of AI workloads running on AWS cloud. The companies did not disclose financial details of the deal.
Adarsh Hiremath and Surya Midha cofounded San Francisco-based AI recruiting platform Mercor, which recently raised $350 million at a $10-billion valuation. Each founder holds roughly 22% stake in the company, valuing their individual holdings at around $2 billion.
AI companies are now fighting so many copyright lawsuits that a tech industry lobby group, the Chamber of Progress, last week called on President Donald Trump to sign an executive order directing federal attorneys “to intervene in legal cases” to…
PM Narendra Modi is set to launch a Rs 1 lakh crore Research, Development, and Innovation (RDI) scheme on November 3 to build a strong, private sector-driven research and development (R&D) ecosystem across India. The announcement will be made during…
This comes months after Microsoft announced laying off nearly 4% of its workforce, looking to rein in costs amid hefty investments in AI infrastructure. The company, which had about 2,28,000 employees worldwide as of June 2025, had announced layoffs in…
Travel tech platform Oyo said that it has extended the application deadline for the bonus issue for its unlisted equity shareholders from November 1 to November 7. This is in relation to its potential IPO. Under the bonus issuance, shareholders…
Dutch chipmaker Nexperia BV, said that it welcomed recent statements by the US and Chinese governments removing barriers to the company shipping its chips. The company said that its focus is on ensuring the stability of supply to customers. The…
Netweb Technologies on Saturday reported a 19.8% increase in net profit to Rs 31.4 crore for the September quarter. The company had posted a net profit of Rs 26.2 crore in the year-ago period, according to a regulatory filing.
The integrated facility, expected to be operational by 2027-28, will have a capacity of processing 60,000 SiC wafers annually and packaging about 9.6 crore units.
Urban Company, which went public in September, saw its operating revenue increase 37% year-on-year (YoY) to Rs 380 crore for the quarter ending in September. The company posted a net loss of Rs 59 crore compared to Rs 1.8 crore…
Anxiety over chip shortages began when the Netherlands invoked a Cold War-era law in late September to effectively take control of Nexperia, whose parent company Wingtech is backed by the Chinese government.
Urban Company’s net loss widened to Rs 59 crore in the second quarter of FY25. This comes as the company saw a significant 37% year-on-year increase in revenue from operations. Revenue reached Rs 380 crore for the quarter. These financial…
Meta raised $30 billion in debt on Thursday, as tech giants flush with cash turn to borrowing to finance the expensive race to lead in artificial intelligence. The trend toward debt is new for internet giants long accustomed to having…
The European Union is determined to find a diplomatic solution with Dutch chipmaker Nexperia amid concerns about a supply squeeze, EU tech chief Henna Virkkunen said.
Union minister of commerce and industry Piyush Goyal said the government remains committed to strengthening India’s deeptech ecosystem, enhancing ease of doing business, reducing compliance burden, and promoting innovation and entrepreneurship. Over 35 deep tech and semiconductor startups and over…
Top executives from India’s startup ecosystem, Urban Company cofounder Abhiraj Singh Bahl, Rapido CEO Aravind Sanka, and Lenskart CEO Peyush Bansal, shared their views at the 11th edition of the ET Startup Awards 2025 in Bengaluru on Friday.
EU tech chief Henna Virkkunen will meet chipmaker Nexperia on Friday.
Cert-In issued an alert about multiple vulnerabilities in Google Chrome desktop browser and developers’ platform Gitlab, which could allow cyber criminals to steal users’ data and carry out various types of attacks on the affected systems.
The statement made at the company’s post-earnings call followed an analyst pointing out Zepto’s claim to have crossed two million daily orders during the Diwali period. Without naming any company, Sriharsha Majety also said that while it’s easy to see…
BYD said its net profit for the third quarter was 7.8 billion yuan ($1.1 billion), a decrease of 32.6% compared to the same period last year and its second consecutive quarterly decline.
Crypto miner Core Scientific on Thursday ended its merger agreement with Nvidia-backed CoreWeave. Core Scientific shares fell 3.4% in early trading.
Per CEO Joseph Anantharaju, the BFSI segment faced a slight blip because of the Arttha deals, but the mid-tier IT firm expects that to get reversed in the second half.
Altman envisions OpenAI becoming a massive AI infrastructure powerhouse, pursuing trillions in funding, huge compute expansion, and an eventual IPO. Despite bold plans, unclear financing, internal strife, and criticism raise doubts as OpenAI shifts from research lab to ambitious corporate…
Raising the share capital is an important step before floating a rights issue. Glas Trust, which represents Byju’s US lenders, had earlier argued that the proposed rights issue would reduce the stake of Byju’s parent, Think and Learn, in the…
Allowing Nvidia’s downgraded B30A AI chips into China would erode US AI dominance, effectively end export controls, and let China offset limits by buying more chips. Analyses warn US advantages could shrink dramatically or even flip to China by 2026.
Azure was down for over 16,600 users and Microsoft 365 was down for nearly 9,000 users, according to Downdetector, which tracks outages by collating status reports from a number of sources.
Nvidia CEO Jensen Huang said on Tuesday that the artificial intelligence chip leader will build seven new supercomputers for the US Department of Energy, and also thanked the Trump administration for focusing on technology.
ASM International reported third-quarter bookings below market expectations on Tuesday, hit by a larger-than-expected drop in orders from Chinese chipmakers.
US chipmaker GlobalFoundries on Tuesday said it will invest 1.1 billion euros ($1.28 billion) to expand manufacturing capabilities at its German facility as it looks to increase production.
The District Court of Amsterdam earlier this month had given Meta two weeks to make the changes, saying elements of the design of both platforms were not in line with the European Union’s Digital Services Act.
Qorvo shareholders will receive $32.50 in cash and 0.96 of a Skyworks common share for each Qorvo share held at the close of the transaction, which is expected in early 2027, pending shareholder and regulatory approvals.
Byju’s has appealed to the NCLAT against an NCLT order that refused to halt Aakash Educational Services’ EGM for a rights issue. The edtech firm fears its stake in Aakash will be significantly diluted. Meanwhile, a US lender’s application regarding…
Qualcomm is expanding into the AI infrastructure market with two new data center chips, AI200 and AI250, set for commercial availability in 2026 and 2027. This move aims to diversify its business beyond smartphones and capitalize on the booming demand…
This follows the AI startup’s CEO tweeting that YouTube and Google Maps may be impossible to replicate. However, domestic digital mapping firm MaymyIndia emphasised that it has been building maps over three decades “down to house-number-level detail,” a level of…
India faces a shortage of senior design leadership despite the widespread use of digital platforms. Experts emphasize that design is crucial for usability, safety, and trust, and can drive significant financial returns. The article highlights the need for multilingual interfaces…
The Bombay High Court has cancelled an income tax assessment. The court found the assessing officer used fake AI-generated case laws. This led to incorrect additions to a company’s income. Authorities must verify AI information before using it. The case…
Karnataka government is planning new technology hubs outside Bengaluru. This aims to reduce traffic congestion for millions of tech professionals. Deputy Chief Minister DK Shivakumar discussed this with industry leaders. They agreed to work together on an action plan. The…
Eyewear giant Lenskart has reported a significant turnaround, posting a Rs 62 crore net profit in Q1FY26, a stark contrast to last year’s Rs 11 crore loss. The company’s operating revenue also saw a healthy 25% jump. Ahead of its…
Eyewear giant Lenskart is gearing up for its Initial Public Offering with an expected valuation of Rs 70,000 crore. Investors are anticipating substantial gains, with some seeing returns of up to 17 times their initial investment. The company’s valuation has…
Canva India, the fourth-largest global market for the platform, aims to become its top market, driven by creators, students, and AI adoption. With over 2.8 billion designs created and tailored local content, Canva leverages India’s mobile-first, digitally savvy population, strategic…
The round will see participation from VC firms Peak XV Partners and Unilazer Ventures, valuing the company at around Rs 150 crore ($17 million). The platform that facilitates open and anonymous discussions on topics including career, finance, professional experiences, and…
The government is taking steps to support traditional media amid rapid digitisation. Initiatives include TRP reforms, raising advertisement rates, and integrating RNI, CBC, and PIB for better coordination. Efforts also focus on improving transparency, outreach, and fact-checking, including a chatbot…
Byju’s, the once celebrated edtech giant, has found itself embroiled in a prolonged legal and financial crisis. Delayed audits, funding shortfalls, debt disputes, insolvency proceedings, and regulatory actions—including Supreme Court and NCLT interventions—have marked its troubles. Here’s a look at…
The newly formed entity, Reliance Enterprise Intelligence Ltd (REIL), is a joint venture between RIL’s subsidiary, Reliance Intelligence Ltd, and Meta’s wholly owned subsidiary, Facebook Overseas, Inc. Reliance Intelligence will own a 70% majority stake in REIL, and Facebook Overseas,…
The government-backed cooperative taxi service, which will charge the drivers only a small membership fee and no commission, is set to give private ride-hailing companies like Ola and Uber a run for their money.
Reliance Industries and Facebook’s Indian arm have formed a joint venture, Reliance Enterprise Intelligence Limited (REIL), to develop and distribute enterprise AI services. The new entity, with an initial investment of Rs 855 crore, will see Reliance Intelligence hold a…
Indian venture capital firms are now backing startups with challenging, complex solutions. This shift follows the maturation of the country’s startup ecosystem. While venture capital investment saw a slowdown in the third quarter of 2025, the nation reported a strong…
Elon Musk’s Starlink is gearing up to launch satellite broadband services nationwide. This and more in today’s ETtech Top 5.
Coforge Q2 Results: Coforge reported a stellar Q2, with net profit surging 86% year-on-year to Rs 376 crore. Revenue climbed 32% to Rs 3,986 crore, driven by strong order intake and new client acquisitions. The company’s robust performance and low…
IBM has successfully run a crucial quantum computing error-correction algorithm on readily available AMD chips. This development marks a significant step towards commercializing quantum computers, demonstrating the algorithm’s real-world effectiveness and speed. The breakthrough is ahead of schedule for IBM’s…
Billionaire investor Radhakishan Damani has invested approximately Rs 90 crore in Lenskart Solutions during a pre-IPO funding round. This investment precedes Lenskart’s upcoming Rs 2,150 crore maiden public offering, which will also involve promoters and existing investors offloading shares. The…
The startup’s self-driving technology will be integrated into Grab’s fleet management, vehicle matching, and routing systems. This is May Mobility’s third partnership in the ride-hailing industry, following its recent tie-up with Lyft to launch self-driving cars in Atlanta, and an…
Fintech firm BharatPe has appointed Ajit Kumar as its new Chief Technology Officer, effective October 23, 2025. Kumar, who previously served as Senior Vice President of Engineering at Paytm, brings over 19 years of experience in fintech. He will be…
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed pacts with Kotak Mahindra Bank and Primus Partners to bolster support for startups. These collaborations aim to provide enhanced financial and non-financial assistance, including tailored banking solutions, credit,…
Ola Electric’s board will meet on October 25 to discuss raising fresh funds through equity share issuance. This follows a recent Rs 877.6 crore preferential share issuance to its cell technology subsidiary. The company also plans to enter the battery…
Pave Bank, a digital-first lender enabling businesses to manage fiat and digital assets on one platform, has secured $39 million in a funding round led by Accel. This capital infusion will fuel the expansion of its global footprint, accelerate product…
Intel’s third-quarter results on Thursday will show whether a clutch of recent high-profile investments can shore up its strained finances as new CEO Lip-Bu Tan attempts to revive the ailing chipmaker. Multi billion-dollar investments from Nvidia and Japan’s SoftBank as…
Two civil rights groups — Article 19 and Germany’s Society for Civil Rights — filed a complaint with EU regulators accusing Apple of violating the Digital Markets Act through restrictive App Store and device terms.
Enterprise software firm UnifyApps secured $50 million in a funding round. WestBridge Capital led the investment. Ragy Thomas, Sprinklr founder, joins as chairman and co-CEO. UnifyApps enables enterprises to unify data and automate workflows with AI. The company plans team…
India Quotient, a seed-to-early-stage venture capital fund, has successfully raised $129 million for its fifth fund. The firm also announced the elevation of Kanika Agarrwal and Sahil Makkar to partner roles, strengthening its leadership team. Known for early investments in…
Microsoft CEO Satya Nadella received a total pay package of 96.5 million for the 2025 financial year, according to a proxy filing by the company. This is a 22% hike from last year’s $79.1 million.
Apple Inc. launched a significant legal challenge against the EU’s Digital Markets Act, arguing the antitrust rules impose “hugely onerous and intrusive burdens” on its rights. The iPhone maker contends the DMA’s interoperability mandates and App Store regulations threaten user…
OpenAI is enlisting over 100 former investment bankers to train its AI on financial modeling through a secretive project codenamed Mercury. These contractors, paid $150 per hour, are building models for various transactions to automate entry-level tasks, aiming to make…
Salesforce CEO Marc Benioff believes AI cannot replace sales staff, emphasizing human connection. This comes as Salesforce aggressively deploys AI and hires thousands for sales roles. Previously, the company reduced customer support staff, citing AI’s efficiency. While AI handles many…
Speaking on The Dwarkesh Podcast, hosted by Dwarkesh Patel, a tech-focused podcaster, Karpathy said most of these systems don’t yet work as promised. The researcher, who made major contributions to deep learning applications at OpenAI and Tesla, argued that many…
ChangXin Memory Technologies (CXMT) plans an initial public offer in Shanghai as soon as the first quarter of next year, eyeing a valuation of up to 300 billion yuan ($42.12 billion). The IPO plans come as China’s semiconductor stocks have…
A cybersecurity company, F5, suffered a year-long hack blamed on Chinese spies, raising concern among users of its products. F5 said its source code and details of software weaknesses were stolen. The company supports over 80% of Fortune 500 firms,…
Ola Electric’s founder Bhavish Aggarwal and executive Subrat Kumar Dash were booked after engineer K Aravind died by suicide in Bengaluru. Arvind left a 28-page note alleging workplace harassment. His brother claimed the company paid Rs 17 lakh posthumously, raising…
The complainants, led by lawyer Wang Qiongfei, argue that Apple maintains a monopoly over iOS app distribution in China while permitting alternative payment methods and app stores in other markets following regulatory pressure from the European Union and United States.
Alphabet’s life sciences unit, Verily, has announced the launch of an artificial intelligence (AI) powered health app called Verily Me. The Trump administration has encouraged tech companies to expand the suite of healthcare tools available to citizens. Alphabet, Apple and…
The opt-in feature, rolled out on Friday, suggests fun edits to photos and videos on users’ camera roll that they can share on the platform. The company said in a blog post that all suggestions are private to each user…
In a significant leap toward advanced space capabilities, Beijing successfully launched a Pakistani remote sensing satellite along with two of its own on Sunday. This launch represents the third satellite deployed for Pakistan by China this year, showcasing their growing…
With this, the ride-hailing major is positioning itself as a one-stop solution for digital travel users, combining daily mobility with travel booking.
As per the industry data analysis of over 4.25 crore shipments by logistics intelligence platform ClickPost, these regions now represent the fastest and largest drivers of festive ecommerce, solidifying non-metro India’s role as the epicentre of order volumes and growth.
The startup, which is looking to push frontier models across agents capable of deep spatial and temporal reasoning, counts researchers, infrastructure experts, and video processing specialists among its founding members.
Effective January 15, 2026, the move will impact AI companies, including OpenAI, Perplexity, Luzia, and Poke, which use WhatsApp to deliver conversational services. Confirming the development to TechCrunch, Meta said that it applies only to broad-use AI assistants and not…
The minister said that data from all retail chains shows there were 20-25% more sales in comparison to last Navaratri and there are many such categories, like 85-inch TV where stocks were completely sold out.
The rapid expansion of data centres, needed to drive artificial intelligence, promises to boost revenues for utilities like A2A, which will supply the electricity they need.
Analysis by mobile app intelligence firm Apptopia shows that ChatGPT’s mobile app has moved beyond the novelty and curiosity stage and is now witnessing more purpose-driven use. Users now access it with a specific task, question, or need in mind.…
Sharing the details of the interaction in a social media post, the minister wrote, “Good conversation with former UK PM @RishiSunak. He appreciated Bharat’s progress in semiconductors and electronics. Invited him to the upcoming AI Impact Summit.”
Experts view the sale by Lee’s sisters Lee Boo-jin and Lee Seo-hyun and his mother, Hong Ra-hee, as part of the owner family’s efforts to secure funds to pay their inheritance tax estimated at about 12 trillion won, following the…
Authorities said the framework aims to protect personal information rights and promote the secure and efficient cross-border flow of data, according to statements issued by the country’s cyberspace and market regulators.
Loyalty rewards are becoming a major factor in how Indians pay, especially in sectors like food and ecommerce, says a new report by the fintech firm Phi Commerce. EMI usage is also growing in essentials like healthcare. Yet, UPI remains…
This deal creates a global leader in Intelligent Operations. The acquisition aims to enhance AI tool offerings for companies. WNS will be integrated into Capgemini’s accounts soon. This move is set to transform business processes in the era of generative…
Google is investing $15 billion in Visakhapatnam for its largest AI hub outside the US. This project will boost the region’s transformation. Google CEO Sundar Pichai also anticipates quantum computing’s arrival within ten years. He believes this technology will require…
Artificial intelligence is rapidly changing industries. However, jobs are not disappearing. Instead, roles are evolving. Repetitive tasks are being affected, but new opportunities are emerging. India has a strong foundation in its services sector to leverage AI. Large-scale re-skilling and…
Kraken has bought futures exchange Small Exchange from IG Group for $100 million, allowing it to offer a fully US-based derivatives platform. Small Exchange is licensed by the US Commodity Futures Trading Commission, giving Kraken a regulated way to provide…
Blinkit aims to expand its network to 3,000 dark stores by March 2027, says CEO Albinder Dhindsa. This growth supports its lead in the 10-minute delivery market. The company currently holds over 50% market share, ahead of rivals like Zepto,…
The Deepinder Goyal-led company posted a 183% rise year-on-year in the operating revenue at Rs 13,590 crore during the quarter under review, the filing showed. Net profit fell 63% YoY to Rs 65 crore.
Google has launched updated video models, Veo 3.1 Standard and Fast, via its Gemini API. These versions improve on Veo 3 with more realistic videos and better prompt matching. The company claimed that it can generate “richer native audio” and…
The G20’s Financial Stability Board (FSB) has warned that global efforts to regulate crypto markets are falling short. While some progress has been made since its 2023 guidelines, the FSB says rules are still patchy and poorly coordinated, raising concerns…
OpenAI will relax ChatGPT restrictions, allowing erotic content for verified adults, aiming to “treat adult users like adults.” CEO Sam Altman said earlier safety rules made the chatbot less enjoyable for many without mental health issues. The company claims new…
In a bid to accelerate its business in India, Apple is advocating for changes to the country’s tax laws. The tech giant is aiming to secure tax breaks on the sophisticated equipment it supplies to iPhone manufacturers, a move seen…
OpenAI is making massive deals worth over a trillion dollars. These agreements secure computing power for its AI goals and hardware plans. The company is partnering with major firms like Oracle, Nvidia, Samsung, and SK Hynix. OpenAI is also entering…
British AI group Nscale said on Wednesday it signed a deal with Microsoft to deliver a total of about 200,000 Nvidia AI chips.
Paytm’s parent company, One 97 Communications, is undergoing a major internal restructuring. The company will bring several financial and technology subsidiaries under direct ownership. This move aims to simplify the group’s structure and boost operational efficiency. The transactions are valued…
Resale home marketplace HouseEazy has secured $16.8 million in a funding round led by Accel. The company, founded in 2021, utilizes a full-stack model to simplify pre-owned home transactions. Funds will be used for tech advancement, innovation, and expansion into…
Bharti Airtel and Google has entered into a partnership to set up an AI hub in Andhra Pradesh’s Visakhapatnam, with support from AdaniConneX. The $15 billion project, spread over five years, includes a dedicated data centre and a cable landing…