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ETtech Exclusive | Snap’s India usage doubled in 2022: Evan Spiegel; Byju’s in funding talks with Apollo Global, Abu Dhabi Fund 10X AD

Snap Inc's cofounder & CEO spoke exclusively to ETtech about growth in the Indian market, leadership changes here, and focus on monetisation and regulations around Artificial Intelligence. This and more in today’s edition of the ETtech Morning Dispatch.

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Abu Dhabi Fund 10X AD, Apollo Global in talks to invest in Byju’s parent or Aakash

It’s not clear if 10X AD will lead an investor consortium of family offices and ultra-high-net-worth individuals in Abu Dhabi or go it alone and invest $150-200 million

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Snap expands chatbot My AI with ability to create images; says Snapchat+ has 3 million subscribers

The announcement came at Snap's annual Partner Summit. The company aims to use the technology to speed up its development of augmented reality (AR) features, or computerized images overlayed on top of photos and videos of the real world.

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ETtech Exclusive: Snap India doubled user base, engagement in 2022: CEO Evan Spiegel

Snap’s Spotlight also competes with YouTube's Shorts, while another global rival TikTok, owned by China’s ByteDance, is banned in India.

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German authors, performers call for tougher ChatGPT rules amid copyright concerns

Trade unions for the creative sector Verdi and DGB and associations for photographers, designers, journalists and illustrators set out their concerns in a letter to the European Commission, European Council and EU lawmakers.

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Once booming Indian startups set for more pain as funding crunch worsens

Startups in India raised just $2 billion in the first quarter of 2023, 75% lower than the same period of last year, and the smallest quarterly number in nearly three years, figures from data firm CB Insights showed.

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Foxconn looks to expand Chennai iPhone facility; awe and nostalgia at Apple’s Mumbai store launch

Driven by the sharp increase in exports of Apple products from India, Foxconn is strengthening its manufacturing presence in the country. This and more in today's ETtech Morning Dispatch.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...