ETtech

Breaking news, insights & smart analysis on the business of technology, startups & the new economy in India, from the reporters at The Economic Times.

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🆕 US-traded chipmakers plunged ​on Friday, losing about $1.3 trillion ​in market value, with deep losses in AI heavy hitters ​including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom's weak report earlier this week reverberated across Wall Street.

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🆕 Apollo wraps up $35 billion debt to buy AI chips for Anthropic

The debt deal priced across three tranches, according to people familiar with the matter. The capital will fund Google’s custom chips for Anthropic to lease, Bloomberg previously reported.
https://t.co/ScAZgRY628

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🚨 Infosys bags 7-year deal to upgrade Fortis-owner IHH's network

While IHH executives declined to reveal the value of the deal, IT industry experts said it could be worth a few hundred million dollars, depending on the scale of deployment and the length.
https://t.co/PhssDjieQL

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#ICYMI | India’s technology sector is expanding global capability centres, building new AI and digital capabilities, and generating more revenue without significant additions to headcount.

Story by @TanyaPandey_ET

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🚨 Donald Trump says his team will 'look into' US taking stake in AI companies

Digital news outlet NOTUS reported on Thursday that senior US ​officials held discussions with AI firms about the potential for the govt to buy ​some shares in their firms.
https://t.co/UIDaTQXnZ9

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📈 SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO

As part of the deal, Google will pay SpaceX $920 million monthly ‌from October ⁠this ⁠year to June 2029, with capacity ramping up through September at a reduced ​fee.
https://t.co/bujUo0GmCS

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IT secretary signals stricter government controls for AI, biometric devices

https://t.co/P0k5QX5aV6

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“When you’re such a large market and so reliant on various devices then you also need to have some degree of strategic autonomy. This is a concern not just for India. Europe and the US do it," he said.

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🆕 India will need to expand strategic autonomy and control over hardware connected to AI and biometric authentication systems, electronics and information technology secretary S Krishnan said on Friday.

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🚨🚨 LinkedIn cofounder Reid Hoffman to step down from Microsoft's board

Read more at:
https://t.co/lNMehzAdYp

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📢📢 RBI approves Sahamati as SRO for Account Aggregator ecosystem

Read more at:
https://t.co/AXmkYe2CNX

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https://t.co/PH8sQt88x0

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🚨✂️ Google Cloud employees across teams have been hit by job cuts over the past two weeks.

📌 Among the units impacted were staff at Mandiant, the cybersecurity company it acquired in 2022, and Google's Threat Intelligence Group.

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Ixigo acquires majority stake in hotels brand Brevistay for Rs 66 crore

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https://t.co/i5gvewSKvU

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📢📢 Gurugram-based online travel platform Ixigo has acquired a 55% stake in hotel-booking brand Brevistay for Rs 66 crore, the company said in a statement on Friday. Ixigo, which went public in 2024, said it may increase its stake in Brevistay in the future.

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Parimatch probe takes ED to Zepto's doorstep

The ED says Zepto promoted Parimatch by slipping its flyers into customer orders, pushing betting pitches straight into living rooms.

By @rashmirajput_ET

Read more at:
https://t.co/MEfckGMPMe

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🚨#ICYMI | The Enforcement Directorate (ED) has dragged quick commerce firm Zepto into its Parimatch probe, widening its crackdown on offshore betting apps.

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Read more at:
https://t.co/cBC96gBEXB

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📢📢#ICYMI | Ola Electric has raised about Rs 780 crore through a qualified institutional placement (QIP), giving the EV maker fresh firepower as it tries to revive volumes and claw back market share in India’s electric two-wheeler market.