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Cross-border digital payment firms are increasingly targeting Gift City for growth, seeking Payment Service Provider (PSP) licenses to cater to international travelers and businesses. Companies like Razorpay, Cashfree, and Skydo are exploring this route to offer multi-currency wallets and streamline
Tips Music promoters are seeking to sell a minority stake to fund film content investments and strengthen music rights control. Previous talks with Universal Music Group stalled due to differing stake and governance demands. The company aims to raise capital from financial investors to boost its fil
New government rules may soon require companies under the Electronic Component Manufacturing Scheme to invest in design capabilities. Currently, many firms only assemble products. The government wants them to develop high-value design work locally. This initiative aims to boost India's electronics s
Happy Tuesday! Spacetech startup Pixxel is joining forces with AI company Sarvam to launch an orbital data centre satellite — bringing computing power into space. This and more in today’s ETtech Morning Dispatch.
Elon Musk has settled a civil lawsuit with the US Securities and Exchange Commission. The case involved his delayed disclosure of initial purchases in Twitter, now known as X. A trust in Musk's name will pay a $1.5 million fine. Musk did not admit wrongdoing. This settlement concludes a long-standin
Court revelations show OpenAI President Greg Brockman holds a stake in the company worth almost $30 billion. He also has financial ties to CEO Sam Altman, including stakes in Altman-backed startups. These details emerged during Elon Musk's lawsuit against OpenAI. Musk alleges the company improperly
Palantir Technologies has set a new benchmark by raising its annual revenue expectations and delivering results that outshine quarterly estimates. There's a notable surge in demand for their cutting-edge data analytics solutions from both governmental and commercial entities.
Intel has made a significant leadership change by appointing Alex Katouzian to spearhead its PC and physical artificial intelligence division. With a rich background in mobile chip development from his time at Qualcomm, Katouzian is tasked with transforming Intel’s PC strategy and merging it with th
Meta Platforms is working on a roughly $13 billion financing package for a data center in El Paso, Texas, led by Morgan Stanley and JPMorgan Chase, Bloomberg News reported on Monday, citing people familiar with the matter.
President Donald Trump's administration is considering requiring US government oversight of artificial intelligence models before they are released to the public, a sharp reversal of the previous hands-off approach to the technology, The New York Times reported Monday. Administration officials want
Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations.
AI startup Sierra has secured a significant funding round of $950 million. This investment values the company at over $15 billion. Sierra plans to use the funds to expand its platform. The company aims to become a global standard for AI-driven customer experience. Sierra's AI agents are already powe
Most ML projects do not fail because of model choice. They fail in the messy middle: finding the right dataset, checking usability, writing training code, fixing errors, reading logs, debugging weak results, evaluating outputs, and packaging the model for others. This is where ML Intern fits. It is
Roomba pioneer aims to crack the household market again with an AI-powered pet robot
The Centre is launching a major initiative to train young professionals in artificial intelligence. Fifteen thousand scholarships will be offered for the media, entertainment, gaming, and animation sectors. This program aims to boost skills in emerging technologies. Collaborations with IICT, Google,
India’s largest biotech startup competition returns with Rs 20 crore prize pool, widening push to back science-led innovation beyond metro hubs.
