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Gold loan fintech startups are pivoting from loan sourcing to building their own loan books due to tightened RBI regulations. Companies like Indiagold and Oro are securing NBFC licenses and debt funding for direct lending, while also exploring co-lending partnerships. This strategic shift aims to re
Last month, ET had reported that KC Ang had resigned from his role as president and head of Tata Semiconductor Manufacturing's (TSM), marking another important leadership change. Ang's departure was confirmed by Tata Electronics.
Indian startups are entering the lucrative egocentric data collection business. This data, captured from a first-person view, is vital for training robots. Leading robotics labs require billions of hours of this data for advanced manipulation and safe operation. Companies like Humyn AI and Objectway
LTM, formerly known as LTIMindtree, posted revenue of Rs 11,292 crore for the March quarter, up 4.7% sequentially and 15.6% year-on-year, driven by improving deal momentum, despite a tepid macro environment. The company is aiming to double its revenue in the next five years, after crossing the Rs 10
Intel's shares surged after exceeding earnings expectations, signaling a potential recovery. Despite a reported loss, revenue increased, and the company forecasts further growth. CEO Lip-Bu Tan highlighted the growing demand for Intel's processors driven by the AI revolution, particularly for local
Elon Musk announced Tesla will utilize Intel's 14A process for its ambitious Terafab chip project in Texas. This advanced complex aims to produce chips for Tesla vehicles, Optimus robots, and AI data centers, with initial research fab construction underway on the Giga Texas campus.
BT Group is partnering with Nscale to develop up to 14 megawatts of AI data centre capacity across three UK sites, utilising Nvidia infrastructure. This expansion of BT's sovereign data service aims to provide public sector and business customers with enhanced AI capabilities and data resilience wit
Foxconn is cooperating with authorities after a 19-year-old worker allegedly gave birth in a toilet at its Devanahalli unit and then killed her newborn. The infant's body was discovered by another employee, leading to a police investigation. Foxconn stated employee well-being is a priority and is of
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OpenAI and Microsoft are joining forces to combat cyber threats. They will deploy advanced artificial intelligence tools to enhance security. OpenAI's powerful AI models will be accessible to Microsoft. Microsoft will use its cybersecurity expertise to protect OpenAI's systems and customers. This co
CADE's members backed a proposal from its interim chief Diogo Thomson de Andrade to return the case to its general superintendence for formal administrative proceedings, citing the evolution of Google's conduct since the 2019 inquiry began.
Huawei will ramp up investment in smart-driving research and development, including more than $10 billion over the next five years to boost computing power for training, a senior executive said on Thursday.
Lyft is expanding its global reach by acquiring the UK business of London black cab app Gett. This move significantly boosts Lyft's driver base in the UK market, following recent acquisitions like Freenow and TBR Global Chauffeuring. The transaction is expected to close soon, with Gett's UK team joi
