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AI IN BANKING
Don't worry about AI! Why PPFAS CIO Rajeev Thakkar wants Indian investors to read what tech analyst Benedict Evans saidPPFAS CIO Rajeev Thakkar says fears that AI will destroy IT jobs are exaggerated. Citing Benedict Evans and historical automation, he argue...- OpenAI buys back $7 billion of employee shares in tender offerThe ChatGPT maker bought back shares from current and former employees rather than tapping outside investors for the tender offer. The deal...
- AI in this decade is what digitsation was in the last: RBI governorBanks must understand artificial intelligence deployment for future success. AI can enhance financial inclusion and improve existing public...
- Vecton AI raises Rs 6 crore in pre-seed funding led by Zeropearl VC to help financial institutions with AI transformationThe investment will strengthen Vecton's transformation model, enabling financial institutions to accelerate enterprise AI adoption and unlo...
- AI in banking must move beyond retail to farms, MSMEs: SBI Chairman SettyIn a recent statement, CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sect...
- RBI Governor Malhotra outlines which Indian banks will win the AI eraRBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain cl...
- Lightstorm secures ₹2,500-cr debt for AI fibre networkLightstorm has raised ₹2,500 crore from IndusInd Bank to build AI-focused fibre infrastructure connecting major data centre clusters across...
- India stages a comeback as AI trade gets crowded: What fund flows revealAs global investors crowd into AI-linked markets in South Korea and Taiwan, India is re-emerging as an anti-AI portfolio diversifier. Moder...
- Parag Parikh Flexi Cap current underperformance not noteworthy; cash at 14-15%, HDFC Bank outlook unchanged: Rajeev ThakkarPPFAS Mutual Fund CIO Rajeev Thakkar said the recent underperformance of Parag Parikh Flexi Cap Fund is neither unusual nor significant. He...
- Nazara’s new raise; PEs gravitate to startupsHappy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETtech Morning Dispatch.
- M2P raises Rs 100 crore debt from Alteria to fund AI expansionThe three-year facility — M2P’s second debt raise — will largely finance AI product development and computing capacity, cofounder and chief...
- Global Market: SoftBank's AI strategy stays on course despite flat OpenAI valuation in Q1SoftBank reported an 18% decline in first-quarter net profit, though earnings exceeded expectations as strong gains from Intel and ByteDanc...
- AI must become a force multiplier, not a saviour: Priyank Kharge at Bengaluru eventKarnataka's IT/BT minister highlighted the importance of using artificial intelligence responsibly to combat real-world issues. The state's...
- AI can turbocharge India's growth despite job disruption: World BankArtificial intelligence can significantly boost developing economies' growth before the decade ends. India leads AI adoption, benefiting fa...
- Business outcomes, not AI models, will decide enterprise deals: Gnani.ai CEO Ganesh GopalanIn an interview with the Economic Times, Gnani.ai CEO Ganesh Gopalan said the biggest challenge to enterprise AI adoption was not other AI ...
- World Bank urges developing nations to seize AI opportunityDeveloping nations should embrace artificial intelligence for rapid advancement. AI offers significant improvements in healthcare, educatio...
- AI can accelerate growth in developing economies, says World BankDeveloping economies are experiencing their weakest average growth performance in three decades. The report said AI could significantly lif...
- Household savings rise to 21.7% of GDP in FY25: GovtHousehold savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and financial security. RBI...
- Global Market: SoftBank earnings in focus as AI investment push raises funding, debt questionsSoftBank faces investor scrutiny over financing its AI expansion and managing debt. The company plans to fund significant AI commitments wh...
- SoftBank's AI funding plans to face reckoning at earningsSoftBank announced record net profit in the year ended March 2026, but its share price has dropped by almost half since the start of June, ...
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