Shares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that recently held highly anticipated initial public offerings.
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FTC to file antitrust case against Amazon as soon as next week: report
The FTC has been preparing the complaint since at least the start of this year, targeting an array of Amazon's business practices, according to the report, which said the exact details of the lawsuit were not known.
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As China's AI 'war of a hundred models' gains pace, investors warn of a shakeout
Tensions between Beijing and Washington have also weighed on the sector, as US dollar funds invest less in early-stage projects and difficulties obtaining AI chips made by the likes of Nvidia start to bite.
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US venture firm GGV Capital to separate China business amid geopolitical tension
GGV Capital, a U.S. venture capital firm, plans to split its business into two entities, one focusing on Asia and the other on the U.S., amid increasing political pressure on American companies to limit investments in Chinese technology. The move follows a similar decision by Sequoia Capital in June. GGV Capital's Singapore arm, which will solely invest in China, is expected to complete the separation by the first quarter of 2022.
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Govt’s big leg-up for Startup Inc; Antler India closes Rs 500 crore maiden fund
The government is revving up in a big way to achieve India’s startup ambitions. A detailed plan is in the works to energise the ecosystem and remove all impediments to investment in the sector, we’re told. This and more in today’s ETtech Morning Dispatch.
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MeitY reviewing Tarq’s revised semicon proposal
Hiranandani-group firm likely to invest Rs 2,500 crore initially for its ATMP facility
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YouTube 'Dream Screen' tool to soon let AI create videos for Shorts
The feature, called 'Dream Screen' and expected to roll out early next year, will allow users to create an AI-generated video or image background just by typing in what they want to see.
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