38 articles from ETtech
A US judge has rejected a bid by Chinese AI firm MiniMax to dismiss a lawsuit. Major studios like Disney and Universal accuse MiniMax of stealing their intellectual property. They claim MiniMax used …
A US judge has rejected a bid by Chinese AI firm MiniMax to dismiss a lawsuit. Major studios like Disney and Universal accuse MiniMax of stealing their intellectual property. They claim MiniMax used copyrighted material to train its AI system, Hailuo. The court found the studios' claims plausible.
The company also cut its losses significantly in this quarter by tightening costs. Its net loss dropped 57% YoY to Rs 48 crore from Rs 112 crore a year ago. FirstCry’s expenses in the March quarter r…
The company also cut its losses significantly in this quarter by tightening costs. Its net loss dropped 57% YoY to Rs 48 crore from Rs 112 crore a year ago. FirstCry’s expenses in the March quarter rose to Rs 2,092 crore from Rs 1,914 crore a year ago; stock purchases and employee benefit expenses accounted for the majority of it.
American chipmaker Qualcomm has struck an AI chip deal with TikTok owner ByteDance, according to a Bloomberg News report
Indonesia has blocked the prediction market Polymarket. This action is part of a wider crackdown on online gambling. Polymarket was reportedly taking bets on the premature end of President Prabowo Su…
Indonesia has blocked the prediction market Polymarket. This action is part of a wider crackdown on online gambling. Polymarket was reportedly taking bets on the premature end of President Prabowo Subianto's term. Indonesian authorities classify Polymarket as an online gambling platform. The ministry stated its activities violate Indonesian law. Polymarket has expressed a commitment to engaging with Indonesian authorities.
Micron has reached a significant milestone, crossing $1 trillion in market value for the first time. This achievement highlights the company's strong performance. Its shares saw a substantial increas…
Micron has reached a significant milestone, crossing $1 trillion in market value for the first time. This achievement highlights the company's strong performance. Its shares saw a substantial increase. This surge is linked to a brokerage firm raising its price target significantly. Micron is now recognized as a major beneficiary of the ongoing AI boom.
Wall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. Investors buying at IPO prices have seen lower returns than those in the S&P 500 index. …
Wall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. Investors buying at IPO prices have seen lower returns than those in the S&P 500 index. High valuations, especially for AI companies, present risks.
Stord, a logistics startup, has secured nearly $250 million in funding, valuing the company at $3 billion. This investment underscores confidence in technology platforms empowering independent brands…
Stord, a logistics startup, has secured nearly $250 million in funding, valuing the company at $3 billion. This investment underscores confidence in technology platforms empowering independent brands. Stord also launched Stord Labs to research AI and robotics for warehouse improvements. The company's valuation has doubled in a year, reflecting significant revenue growth.
A Samsung Electronics union is challenging a pay deal. The agreement offers large bonuses to chip division workers. Consumer electronics employees feel left out. They have asked a court to stop the v…
A Samsung Electronics union is challenging a pay deal. The agreement offers large bonuses to chip division workers. Consumer electronics employees feel left out. They have asked a court to stop the vote. The deal averted a strike. It highlights divisions over AI profits. Some shareholders also plan legal action.
TCS has launched a new sovereign cloud offering for European Union customers. This SovereignSecure Cloud is designed for governments and regulated industries. It aims to provide digital autonomy and …
TCS has launched a new sovereign cloud offering for European Union customers. This SovereignSecure Cloud is designed for governments and regulated industries. It aims to provide digital autonomy and enhance regulatory compliance. The offering combines sovereign cloud architecture with AI capabilities. This move strengthens TCS's presence in Europe, a continent where it has operated for 45 years.
Dropbox is seeing a leadership change. Co-founder Andrew Houston will step down as CEO after a transition period. Ashraf Alkarmi will take over as the sole chief executive. Alkarmi previously managed…
Dropbox is seeing a leadership change. Co-founder Andrew Houston will step down as CEO after a transition period. Ashraf Alkarmi will take over as the sole chief executive. Alkarmi previously managed the company's core products. Michael Torres has been appointed chief product officer. Dropbox recently reported strong first-quarter revenue.
The US Supreme Court has refused to hear Meta's appeal. This allows a lawsuit against Meta's Instagram to proceed. Vermont's attorney general claims the app is designed to be addictive for young user…
The US Supreme Court has refused to hear Meta's appeal. This allows a lawsuit against Meta's Instagram to proceed. Vermont's attorney general claims the app is designed to be addictive for young users. This is part of a larger trend of lawsuits targeting social media companies. Meta faces increasing legal challenges over child and teen safety.
FirstCry parent cut its losses in the March quarter on tightened costs. This and more in today's ETtech Top 5.
Britain has taken action against Russian-linked cryptocurrency platforms and banks. These entities are accused of helping Russia bypass sanctions. Assets have been frozen. UK firms are now barred fro…
Britain has taken action against Russian-linked cryptocurrency platforms and banks. These entities are accused of helping Russia bypass sanctions. Assets have been frozen. UK firms are now barred from processing payments and holding correspondent banking ties with these networks. This move aims to disrupt financial systems supporting Russia's war economy.
Millenial gamers who grew up on 80s and 90s blockbusters are today being courted by the industry, with the latest James Bond offering hard on the heels of an Indiana Jones adventure and soon to be f…
Millenial gamers who grew up on 80s and 90s blockbusters are today being courted by the industry, with the latest James Bond offering hard on the heels of an Indiana Jones adventure and soon to be followed by "Jurassic Park". Successes like "Indiana Jones and the Great Circle" or "Hogwarts Legacy" have been matched by more mixed receptions, such as for "Star Wars Outlaws" from Ubisoft.
Investment manager I Squared Capital has acquired 10 data centre facilities from Cogent Fiber for $225 million. This move signals a significant investment in AI infrastructure. I Squared Capital plan…
Investment manager I Squared Capital has acquired 10 data centre facilities from Cogent Fiber for $225 million. This move signals a significant investment in AI infrastructure. I Squared Capital plans to inject an additional $1 billion for upgrades and expansions. The deal focuses on data centres closer to end-users, crucial for AI inference.
Xiaomi's first-quarter net profit saw a significant 43% drop. High memory chip costs pressured its smartphone sales. The company is investing heavily in electric vehicles and AI for new growth. Its E…
Xiaomi's first-quarter net profit saw a significant 43% drop. High memory chip costs pressured its smartphone sales. The company is investing heavily in electric vehicles and AI for new growth. Its EV business revenue increased but operations related to new initiatives incurred losses. Smartphone shipments declined, impacting revenue and margins. The market outlook remains weak.
A new artificial intelligence centre of excellence in Karnataka is proposed to boost AI research and public sector innovation. This centre will unite state government, industry, startups, and academi…
A new artificial intelligence centre of excellence in Karnataka is proposed to boost AI research and public sector innovation. This centre will unite state government, industry, startups, and academia. It aims to develop scalable AI solutions and policy frameworks. Focus areas include public service delivery and multilingual technologies. Safeguards for privacy and fairness are also emphasised as AI adoption grows.
The Swedish streaming giant will offer more than 650 long-form magazine articles in the English language to users with access to audiobooks.
The shift reflects a structural change in how multinationals use their India operations, moving beyond cost-focused support roles to centres that own core functions such as engineering, product deve…
The shift reflects a structural change in how multinationals use their India operations, moving beyond cost-focused support roles to centres that own core functions such as engineering, product development and analytics.
A $1.4 billion crypto theft at Bybit exposed vulnerabilities in even self-custody solutions, highlighting the critical importance of a wallet's underlying software stack. This incident is driving a s…
A $1.4 billion crypto theft at Bybit exposed vulnerabilities in even self-custody solutions, highlighting the critical importance of a wallet's underlying software stack. This incident is driving a shift towards architecturally cleaner, isolated, and offline-first wallet designs that prioritize key security over user interface. The conversation is also evolving to include post-quantum preparedness, with forward-thinking platforms integrating future-proof cryptography.
Mobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. This strategic move, following an NBFC license, targets signif…
Mobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. This strategic move, following an NBFC license, targets significant growth in under-penetrated markets, aiming for 10x expansion in its merchant business by FY28.
Fundamentum Partnership has launched F2A, a Rs 3,000 crore frontier-tech investment platform focused on AI and deeptech startups. The firm will invest between Rs 40-90 crore in 12-15 companies over t…
Fundamentum Partnership has launched F2A, a Rs 3,000 crore frontier-tech investment platform focused on AI and deeptech startups. The firm will invest between Rs 40-90 crore in 12-15 companies over three years, targeting commercialization-stage businesses in sectors like semiconductors and robotics where India has strategic advantages.
Fundamentum Partnership has launched F2A, a Rs 3,000 crore frontier-tech investment platform focused on AI and deeptech startups. The firm will invest between Rs 40-90 crore in 12-15 companies over t…
Fundamentum Partnership has launched F2A, a Rs 3,000 crore frontier-tech investment platform focused on AI and deeptech startups. The firm will invest between Rs 40-90 crore in 12-15 companies over three years, targeting commercialization-stage businesses in sectors like semiconductors and robotics where India has strategic advantages.
B2B quick commerce platform Fairdeal.Market has secured $15 million in a funding round led by Bertelsmann India Investments. The company aims to deliver over 1,000 SKUs to kirana retailers within 60 …
B2B quick commerce platform Fairdeal.Market has secured $15 million in a funding round led by Bertelsmann India Investments. The company aims to deliver over 1,000 SKUs to kirana retailers within 60 minutes using a dark store model.
OpenAI CEO Sam Altman stated AI will not cause a global jobs apocalypse. He admitted his fears about white-collar job losses were exaggerated. Altman highlighted the irreplaceable human element in ma…
OpenAI CEO Sam Altman stated AI will not cause a global jobs apocalypse. He admitted his fears about white-collar job losses were exaggerated. Altman highlighted the irreplaceable human element in many jobs. He believes the future job market will be different than initially predicted.
Slice Small Finance Bank achieved a net profit of Rs 48.4 crore in FY26. This marks a significant turnaround after a substantial loss in the prior year. Total income more than doubled, reflecting str…
Slice Small Finance Bank achieved a net profit of Rs 48.4 crore in FY26. This marks a significant turnaround after a substantial loss in the prior year. Total income more than doubled, reflecting strong growth. The bank is now focused on expanding credit access for underserved customers.
Pope Leo XIV has released Magnifica Humanitas, an encyclical on artificial intelligence. The document warns about concentrated AI power, job losses, and autonomous weapons. It calls for robust regula…
Pope Leo XIV has released Magnifica Humanitas, an encyclical on artificial intelligence. The document warns about concentrated AI power, job losses, and autonomous weapons. It calls for robust regulations and responsible development to ensure AI benefits humanity and avoids deepening inequality.
Pope Leo XIV's encyclical, "Magnifica Humanitas," urges robust AI regulation and ethical development for humanity's good, not profit. He warned against AI in warfare and the concentration of power, c…
Pope Leo XIV's encyclical, "Magnifica Humanitas," urges robust AI regulation and ethical development for humanity's good, not profit. He warned against AI in warfare and the concentration of power, calling for external oversight and a slowdown in development to prioritize human dignity and the common good.
Happy Tuesday! Recent data-collection experiments by on-demand platforms have drawn attention to Indian physical AI startups. This and more in today's ETtech Morning Dispatch.
Sector-agnostic VC firms Kalaari Capital and Blue Ashva Capital are among those exploring new deeptech-focussed vehicles amid rising investor appetite around areas such as spacetech, semiconductors, …
Sector-agnostic VC firms Kalaari Capital and Blue Ashva Capital are among those exploring new deeptech-focussed vehicles amid rising investor appetite around areas such as spacetech, semiconductors, robotics and energy transition, people aware of the matter told ET.
The share of entry-level hiring in the sector has fallen to around 15% in 2025 from 28% in 2024 as companies focus more on AI, cloud, cybersecurity and automation-focused roles. Emerging technology r…
The share of entry-level hiring in the sector has fallen to around 15% in 2025 from 28% in 2024 as companies focus more on AI, cloud, cybersecurity and automation-focused roles. Emerging technology roles account for nearly 52% of hiring demand and are expected to touch 60% by the end of 2026, signalling a broader shift away from campus-led pyramid hiring model, experts said.
Recent data-gathering pilots by on-demand service platforms Pronto and Snabbit have drawn a spotlight on India’s emerging physical AI ecosystem – and put safety regulators on edge. Sources told ET th…
Recent data-gathering pilots by on-demand service platforms Pronto and Snabbit have drawn a spotlight on India’s emerging physical AI ecosystem – and put safety regulators on edge. Sources told ET that the Ministry of Electronics and Information Technology (MeitY) has taken note of recent developments, especially Pronto’s in-home recording pilots.
The internet’s new junk food is here. Tanya Pandey & Himanshi Lohchab find out why AI slop is flooding your feed and shrinking your attention.
Operators and investors ramping up capacity with billions in investments as India’s data centre capacity may touch 4 GW by 2030, writes Tanya Pandey
But 2026 so far marked some of the biggest executive talent movements among frontier AI companies back and forth. From OpenAI and Anthropic to Google DeepMind, Meta and Thinking Machines Lab, the i…
But 2026 so far marked some of the biggest executive talent movements among frontier AI companies back and forth. From OpenAI and Anthropic to Google DeepMind, Meta and Thinking Machines Lab, the industry is witnessing one of the fiercest talent wars. Himanshi Lohchab lists some of these crucial leadership movements:
A self-proclaimed lazy individual leverages AI to automate tedious tasks, saving hours weekly. This includes using an AI agent to manage LinkedIn connection requests, accepting them automatically an…
A self-proclaimed lazy individual leverages AI to automate tedious tasks, saving hours weekly. This includes using an AI agent to manage LinkedIn connection requests, accepting them automatically and providing summaries. For familiar contacts, another AI assistant crafts personalized thank-you messages, streamlining social and professional interactions.
Companies such as HumynAI Labs, Egodata, Neo Cambrian, XP Robotics, and Objectways have deployed people on the ground starting early this year. They are collecting data on everything from household c…
Companies such as HumynAI Labs, Egodata, Neo Cambrian, XP Robotics, and Objectways have deployed people on the ground starting early this year. They are collecting data on everything from household chores like washing dishes and folding laundry to the manufacturing sector.
Some 540,000 family-based and around 170,000 employment-based green card applications are currently pending with the US Citizenship and Immigration Services (USCIS), show data from the agency. A May …
Some 540,000 family-based and around 170,000 employment-based green card applications are currently pending with the US Citizenship and Immigration Services (USCIS), show data from the agency. A May 22 memo announcing the policy did not specify whether it would apply only to new applications or also have retrospective effect.