China's Oppo to shut down chip design unit as smartphone sales slump

The company, one of China's best-selling domestic smartphone brands, said it will cease operations of its Zeku unit, which it set up in 2019.

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Why cash will become a commoner; and other top tech & startup stories this week

To be sure, cash will continue to play a big part in the Indian economy. But over the next five years, cash will no longer be king. It will have to take its place among commoners.

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India will establish guardrails for AI sector, says MoS Rajeev Chandrasekhar

​​In contrast to the view taken by the European Union and the US government, the Indian government is not in favour of legislation to regulate generative AI yet, according to Chandrasekhar.

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New Twitter CEO may free up Musk to steer Tesla through easing demand

Tesla shares, which have gained 40% this year, reversed course to trade down about 2% as broader markets fell. The stock had its worst year in 2022, losing 65%, amid Musk's on-again, off-again offer for Twitter.

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EU antitrust regulators extend decision on Broadcom, VMware deal to June 26

The deadline was extended in agreement with the companies, a European Commission spokesperson said.

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National security considerations likely with AI: Sundar Pichai

CRISPR is a technology that research scientists use to selectively modify the DNA of living organisms. CRISPR was adapted for use in the laboratory from naturally occurring genome editing systems found in bacteria.

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PhonePe will likely go for an India listing, says Walmart CEO Doug McMillon

Walmart's payments company PhonePe is performing well in India, according to CEO Doug McMillon. Speaking in a recent interview, McMillon said PhonePe, if it enters ecommerce, will not compete with sister company Flipkart. He added that India was making great strides towards becoming a key global supplier. McMillon also discussed Walmart's huge ambitions in the country, stating that the $10bn annual export target set to be achieved by 2027 is now "more possible than five years ago". He also praised the government's collaborative approach to policymaking.

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