Amazon India’s senior executive Amit Agarwal told ET in an interaction that the ecommerce giant’s newer investments in the country are going into technology and services to bring more shoppers online. This and more in today’s ETtech Morning Dispatch.
This move comes at a time when the bank is under scrutiny of the Reserve Bank of India for its fintech partnerships, some of which have bordered regulatory grey zones.
This comes after disclosures that Washington had expanded export license requirements for Nvidia and Advanced Micro Devices artificial-intelligence chips.
After 15 years of venture capital infusion into companies, who are the likely role models for young, fledgling entrepreneurs in India today?
Earlier reports in July mentioned that Musk once planned a lavish glass house for himself near Tesla headquarters in Austin, Texas, worth millions of dollars.
China's Baidu rolled out its ChatGPT rival ERNIE Bot to the public on Thursday, in a major leap for the country's tech sector as it aims to cash in on the global artificial intelligence gold rush.
Data shows the number of private equity (PE) firms holding stakes in Indian IT services companies has doubled between 2019 and 2022 as investors eye safe bets, and such companies have demonstrated a tried-and-tested business model and profitability. This and more in today’s ETtech Morning Dispatch.
Facets’ platform streamlines all the cloud deployment processes into one generative internal developer platform.
One year ago Nvidia said US officials told it to stop exporting the same two computing chips for AI work to China. The move was seen as potentially slowing Chinese firms' ability to carry out advanced work like image recognition.
In a pair of blog posts due to be published Wednesday, Britain's National Cyber Security Centre (NCSC) said that experts had not yet got to grips with the potential security problems tied to algorithms that can generate human-sounding interactions - dubbed large language models, or LLMs.
Goldman Sachs is likely to convert some of its loan to online pharmacy PharmEasy into equity. Buoyed by binding commitments from existing investors, the epharnacy also plans to pay back a considerable chunk of its debt following the rights issue in September. This and more in today’s ETtech Morning Dispatch.
The online pharmacy is also in talks to restructure debt terms ahead of rights issue; share sale set to open on September 4
Before billionaire Elon Musk acquired the company in October, Twitter had banned all political ads globally since 2019.
SoftBank’s sale of Zomato shares follows the complete exit of the New York-based Tiger Global from the company. Tiger sold 1.44% stake, or 12.35 crore shares of the Zomato on Monday for Rs 1,124 crore.
A U.S. judge plans to free Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrust law by overcharging them in its Google Play app store.
Incoming SAP chairman Punit Renjen dwells at length on his new role, the opportunities it throws up, and his hopes for a wider collaboration between India and the US. Here’s what he told us and more in today’s Morning Dispatch.
In an interview with ET, incoming SAP chairman Punit Renjen talked about his "second innings" at SAP, and how the enterprise software major will significantly expand its India base from the current 17-18% of workforce.
Mumbai Police's Economic Offences Wing (EOW) probing the matter opposed the ABA, contending that Yadav failed to join the probe on at least two occasions.
SoftBank Group Corp. will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology.
Elon Musk on Sunday took on Microsoft-owned LinkedIn, saying he will make sure that the X (formerly Twitter) competitor to LinkedIn is cool.
As part of the deal, which could be worth as much as $744 million, Xpeng will launch an A-class model next year under a new brand, currently called MONA, aiming to expand in the mass-market segment.
Happy Monday! We ended last week with Zepto’s $200-million funding, a rare large-sized round which made the quick-commerce company 2023’s first unicorn. We now turn our attention to late-stage startups that are refusing to accept cuts in their valuations, something that’s keeping SoftBank’s venture capital arm at bay. This and more in today’s ETtech Morning Dispatch.
Ranganathan, who left Prosus-owned PayU earlier this year, is currently on gardening leave. His new venture will likely be in the wealthtech space.
"As the Prime Minister recently learned, it's important he declares any interests properly. I expect him to do so in respect of the India trade deal too," said Darren Jones, Labour MP and chair of the cross-party House of Commons Business and Trade Select Committee - which has been scrutinising the FTA talks.
Microsoft unveiled its Launcher application in 2017 to enable users to bring the Microsoft interface to their Android phones' home screen experience.
The DPIs will also play a critical role in climate adaptation and mitigation to facilitate the increasing need for cash transfers to fortify vulnerable areas and people, and emergency funding after extreme climate events like floods.
Elon Musk and OpenAI's Sam Altman have signed open letters warning that AI could make humanity extinct -- though they stand to benefit by arguing only their products can save us.
Currently, Sanjay Mehrotra is the CEO of Micron Technology; Shantanu Narayen is the CEO of Adobe; Satya Nadella is Chairman and CEO of Microsoft; Sunder Pichai is the CEO of Alphabet and Google; Jay Chaudhry is the CEO of Zscaler which is a cloud security company; Arvind Krishna is the CEO of IBM; Neal Mohan is the CEO of YouTube; and George Kurian is the CEO of NetApp, among the top tech giants.
India created history as it became the first nation to land on the south pole of the moon — and at 30% of the average cost
She described to AFP how "insanely difficult" it has been for herself and other evacuees to find verifiable information about the fires blazing across the near-Arctic territory and other parts of Canada.
The Drugs Controller General of India (DCGI) on Thursday held fresh consultations with stakeholders on the draft rules to regulate e-pharmacies, amid the Delhi High Court asking the government to inform it about the outcome of deliberations on the draft rules with stakeholders.
Tech giants and billionaires promised that the AI tools would revolutionize learning. Critics warned the bots would be more likely to undermine education, inundating students with misinformation and facilitating widespread cheating.
Investment firm Tiger Global Management LLC, known for its early bets on tech firms like Meta and Spotify, on Friday told limited partners it was targeted in a series of misinformation attacks by a former employee, according to a letter seen by Reuters.
The U.S. initial public offering (IPO) market has shown signs of revival in recent months after a drought in 2022, as markets climb on bets that the Federal Reserve could guide the economy to a "soft landing".
PayU India CEO Anirban Mukherjee is now slated to directly report to Prosus chief executive officer Bob Van Dijk and may take up additional responsibility for other international markets including Turkey and Southeast Asia.
Nvidia generated revenue of $13.51 billion in the second quarter and predicted that revenue would reach $16 billion in the third quarter, the company reported late on Wednesday. Both results exceeded analyst expectations, as per Refinitiv.
The apartment spread over 7,459 sq ft on the 60th floor of the tower Oberoi Three Sixty West and the deal values it at nearly Rs 1.29 lakh per sq ft, making it one of the most expensive residential transactions ever. Based on the 6,779-sq-ft carpet area, the apartment is valued at over Rs 1.42 lakh per sq ft.
As the lander of India’s Chandrayaan-3 mission touched down on the lunar surface at around 6:04 pm on Wednesday, India entered the elite club of countries that have successfully landed on the moon. The Indian Space Research Organisation’s (ISRO) second attempt at the landing was successful, making India the first country to land on the satellite’s south pole, and light up the dark side of the moon. This and more in today’s ETtech Morning Dispatch.
After the US, Russia and China, India becomes the fourth country to make a soft landing on the moon's surface and the first to reach near its south pole.
Nvidia's shares have more than tripled this year, with the chipmaker at the center of a Wall Street technology rally fueled by optimism about the potential of AI.
"What an incredible moment! Congratulations to @isro for the successful landing of #Chandrayaan3 on the moon," he said in a post on X.
The U.S. Commerce Department had added Huawei to its export control list in 2019 over security concerns. The company denies being a security risk.
CaratLane Trading is under the lens of the Enforcement Directorate (ED) for alleged violation of Foreign Direct Investment (FDI) regulations. The omnichannel retailer has challenged a show-cause notice issued by the investigative authority, sources tell us. This and more in today’s Morning Dispatch.
Kombai, founded by two former Mindtickle senior executives, said it will use the capital to continue investing in research and development, accelerate improvements to its base models, build compatibility with a range of libraries and frameworks used by developer teams and elevate the developer experience around the product.
Social media platforms such as Meta's Facebook or Instagram and Google’s YouTube Kids will be able to directly fetch and verify documents of teenagers’ parents from DigiLocker and use it to avail parental consent, people aware of the matter, told ET.
The global captives had sold a part or even their entire operations to Indian IT companies, mostly during the global financial crisis, to focus on core operations instead. But they now see India as a crucial profit centre.
The NPCI-promoted organisation is a leader in electricity bill payments currently with two new categories like Fastag and loan EMIs emerging as fastest growing ones.
The ED accused CaratLane of violating the Foreign Exchange Management Act (FEMA). The notice served on March 28, 2022, stated that FDI was not allowed in single-brand retail at the time. The notice has not been made public till now.
The new funding is at a lower valuation from the $8.1 billion achieved by the New-York based startup in a funding round last year, a spokesperson of the company confirmed.
