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MediaTek hires former TSMC executive to boost AI chip packaging
Chip designer MediaTek has appointed former TSMC executive Douglas Yu as a part-time adviser. This move strengthens MediaTek's advanced packaging work and its expansion into the AI chip market. Yu's expertise will guide the company's R&D and investment strategy for future technologies.
Pavestone invests $5M in AI compute startup Tsavorite
Founded in 2023, Tsavorite is building a full-stack AI compute platform spanning edge, enterprise, and data centre environments. Its core offering is an Omni Processing Unit (OPU), a chip architecture that integrates CPU, GPU, memory, and connectivity into a single system to improve performance.
Meta’s Threads surpasses 150 million daily active users, but monetisation remains a challenge
Meta's Threads app now has 150 million daily users. Advertising is expanding globally on Threads and WhatsApp Status. However, Meta expects gradual monetisation. Neither platform will significantly boost revenue in the near future. The company is focusing on user experience and ad relevance.
CHOSEN raises $5M in Series A led by Fireside Ventures, L’Oréal’s BOLD
The round also saw backing from angel investor Avnish Anand and a group of dermatologists, including Dr Chandan Asokan, Dr KC Nischal, Dr Punit Saraogi, Dr Nishita Ranka, and Dr Mikki Singh.
Elon Musk vs OpenAI trial enters second week
OpenAI cofounder Greg Brockman is set to testify in a lawsuit filed by Elon Musk, who seeks to revert the AI giant to a non-profit foundation. Musk claims he was sidelined after contributing significant funds, while OpenAI questions his motives amid his own AI venture's growth.
Startup news and updates: daily roundup (May 4, 2026)
YourStory presents the daily news roundup for Monday, May 4, 2026.
TRAI mulls spectrum allocation, pricing norms for wireless communication from vehicles
TRAI examines V2X rollout in India, addressing spectrum allocation, licensing, and security. While it can reduce road deaths, risks like cyberattacks, surveillance, and global interoperability remain unresolved. The post TRAI mulls spectrum allocation, pricing norms for wireless communication from v
Check out every major smarphone launch in May including Vivo X300 Ultra, Oppo X9 Ultra, and OnePlus Nord CE 6
India will see many powerful smartphone launches in May from Vivo, OnePlus, and Oppo. Among the top launches this month will include the OnePlus Nord CE 6, Vivo X300 Ultra and Oppo X9 Ultra
GalaxEye's Mission Drishti satellite launched aboard SpaceX rocket
The satellite will help address long-standing limitations of conventional systems and enable more reliable and consistent data acquisition across diverse environmental conditions, the company said.
Why is Tim Cook 'over the moon' about India?
Apple's outgoing CEO Tim Cook expressed immense excitement for India, highlighting strong double-digit growth in iPhone, iPad, and Mac sales. The company is expanding its retail and manufacturing presence, with about one in five iPhones now made in India, creating significant job opportunities and s
Atlassian launches ‘Unleash’ in Bengaluru
The flagship invitation-only tech summit will bring together senior technologists and product leaders to discuss how AI and modern workflows are transforming how teams design, build, and operate software.
Ather Energy Q4 Results: Loss narrows to Rs 100 crore; revenue jumps 74% YoY
Ather Energy Q4 Results: The company's revenue from operations came in at Rs 1,175 crore, an impressive jump of 74% from Rs 676 crore reported in the corresponding quarter of the previous financial year, the company said in a regulatory filing.
Why Unit Linked Insurance Plans are reshaping how India saves
Why Unit Linked Insurance Plans are reshaping how India saves India’s insurance sector is witnessing a steady shift, with premiums hitting a total of Rs 7.05 lakh crore in FY25. This figure reflects growing participation in structured financial protection and long-term planning. More importantly
AI is now outperforming human doctors in the emergency room diagnoses, new Harvard study reveals
A Harvard study reveals advanced AI models, like OpenAI's o1, can outperform doctors in diagnosing patients and planning clinical management, particularly in emergency scenarios.
Bluspring’s ambitious growth plan
Bluspring Enterprises, one of the leading infrastructure management services companiess in India, is eyeing a 3x growth over the country’s GDP growth rate, and has laid out ambitious growth plans to achieve the goal.
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuation
After on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an internal round of approximately Rs 375 crore from existing backers such as Temasek, which is a common investor across both companies, as per people in the know.
Spirit Air shutdown set to hit Coforge, signals turbulence ahead for IT firms
Spirit Airlines' closure and soaring jet fuel costs pose challenges for Indian IT services firm Coforge. Analysts warn of wider implications for the Indian IT sector as airlines face financial distress. Coforge, with a significant travel portfolio, is closely watched. The ongoing geopolitical situat
D2C brands tweak packaging as West Asia conflict pushes up costs
Input cost hikes, fueled by the West Asia conflict, are forcing direct-to-consumer brands to adapt. Companies are shifting packaging, introducing larger or higher-priced variants, and accelerating supply chain localization to manage surging costs and protect margins. This strategic reevaluation impa



