Welcome to the world of facts and news

Amazon’s Amit Agarwal on funding India investments; who’s 2023’s model startup founder?

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.

from Tech-Economic Times https://ift.tt/usOmIE1

SBM Bank India appoints Dipak Agarwal as deputy CEO to head overall business

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.

from Tech-Economic Times https://ift.tt/qwUE8Lo

US denies blocking chip sales to Middle East

This comes after disclosures that Washington had expanded export license requirements for Nvidia and Advanced Micro Devices artificial-intelligence chips.

from Tech-Economic Times https://ift.tt/ICVU1NW

Who’s 2023’s model startup founder?

After 15 years of venture capital infusion into companies, who are the likely role models for young, fledgling entrepreneurs in India today?

from Tech-Economic Times https://ift.tt/rhAMQUk

US agencies probing Tesla's use of funds for secret 'glass house' for Elon Musk

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.

from Tech-Economic Times https://ift.tt/6tnIMJK

China's Baidu rolls out ChatGPT rival to public

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.

from Tech-Economic Times https://ift.tt/1ZencsE

IT sector drives strong PE interest; Dunzo delays June-July pay yet again

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.

from Tech-Economic Times https://ift.tt/0rYZCBG

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...