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AI INITIATIVES INDIAN TECH VENDORS
Meta-Reliance AI hub; SAP CEO on India's AI edgeMeta has tapped Reliance for India AI data centre. This and more in today's ETtech Top 5.- Will AI-led tech unwinding pause Rs 60,000 crore FII selloff in Indian IT stocks?Global markets are experiencing a tech selloff driven by AI fears, impacting Indian IT stocks with FIIs pulling Rs 60,000 crore. However, s...
- India can take the lead in applying AI in industries: SAP CEO Christian KleinSAP CEO Christian Klein believes India can lead in applying AI to industries like manufacturing and finance, rather than just replicating l...
- Order book growth keeps Persistent Systems on trackPersistent Systems shares are rising, buoyed by optimism in the technology sector and advancements in artificial intelligence. The company ...
- SoftBank's attempt to get $6 billion OpenAI margin loan stalls: ReportThe company is considering various fundraising options, the report said, adding that it could still move forward with the margin loan at a ...
- Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-upApollo and Blackstone are investing $35 billion to boost Anthropic's AI computing power. This expansion will utilize Broadcom's custom chip...
- No tech rule exemption for Apple, EU regulators say amid spat over Siri AI delayEuropean Union regulators have rejected Apple's plea to delay the launch of its new Siri AI in the EU. Apple had sought an 18-month exempti...
- The Wedding Company raises $2.75 million in seed fundingThe Wedding Company, a tech-driven wedding platform, secured $2.75 million in seed funding to enhance its services and expand its vendor ne...
- GCCs outpace IT services in tech hiring, driving AI & cloud talentGlobal capability centres are now adding more employees than IT services firms in India. This trend shows a shift in how advanced technolog...
- 5,300 of 36,000 Indian SIMs used in Cambodia for Rs 100-crore cyber fraud in IndiaEnforcement Directorate uncovered a massive cyber fraud network. Thousands of Indian SIM cards were activated fraudulently. These SIMs were...
- Cerebras shares climb as Wall Street brokerages back AI chip strategyCerebras shares saw a rise on Monday. Several Wall Street firms initiated coverage with positive outlooks. They are backing the chip design...
- Trump signs AI memo addressing issues in Anthropic-Pentagon feudUS national security agencies are now required to work with multiple artificial intelligence providers. This directive follows a dispute wi...
- US says it will speed development and use of AI for national securityThe Trump administration said earlier this week that it would ask leading AI developers to voluntarily submit their most capable models for...
- Canada says AI strategy will help create 250,000 jobs, boost GDP by 3%Canada has unveiled a new artificial intelligence strategy. This plan aims to create 250,000 jobs by 2031. A new C$500 million tech fund wi...
- Kuku FM readies public market debut; SoftBank books Lenskart gainsKuku FM's parent has taken the first step towards a stock market listing. This and more in today's ETtech Top 5.
- Indian cyber, telecom, banking & finance firms get access to Mythos; IT left outSeveral Indian organisations in cyber, telecom, finance and banking have gained early access to Anthropic's advanced Claude Mythos AI model...
- European Union launches tech sovereignty initiative to boost chips, cloud and AI at homeEuropean Union leaders are boosting local tech production. They aim to reduce reliance on American AI and cloud services. Efforts are also ...
- Flawed AI, deepfakes and geopolitical conflicts pose major risks to business: WiproIT major Wipro identifies Artificial Intelligence adoption as a significant risk. Flawed algorithms and biases could lead to legal and fina...
- IT firms spend big on acquisitions as AI hits growthIndian IT companies are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic grow...
- Aadhaar head to take additional charge as AI Mission CEOSaurabh Vijay, currently heading the Aadhaar body, will soon assume additional charge as the CEO of the India AI Mission. This strategic, g...
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