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META AI ADOPTION
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- 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.
- Meta launches business agent AI to automate customer service, sales and business operationsMeta has unveiled Meta Business Agent, an AI-powered assistant designed to help businesses automate customer support, sales, scheduling and...
- Salesforce layoffs: Employees from Agentforce AI, Mulesoft IT teams handed pink slipsThe enterprise software company has undertaken a fresh round of layoffs, affecting employees working on its Agentforce AI product, Mulesoft...
- Amazon India head on qcomm; senior exit at Z47Happy Monday! Amazon India’s Samir Kumar said the company is gunning for the top spot in the country’s quick commerce market. This and more...
- AI-driven data centre demand far outstrips supply despite record hyperscaler spending: JefferiesGlobal demand for data centres continues to significantly outpace available supply, creating a structural shortage that is expected to pers...
- Ola Electric’s QIP boost; AMFI benches Stable MoneyHappy Friday! Ola Electric has raised fresh capital through a QIP. This and more in today's ETtech Morning Dispatch.
- AI companies are barreling toward huge Wall Street debuts. A look at the biggest playersFrom Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to shape the tec...
- Meta enters enterprise AI race with new business agentMeta Platforms has unveiled a cutting-edge AI assistant crafted to streamline daily operations for businesses. This innovative tool is capa...
- China tightens oversight of overseas investments amid tech rivalry with USChina has introduced new rules to tighten control over overseas investments. This directive aims to enhance national security reviews for c...
- US-led AI investments risk capital destruction: Chris WoodJefferies' Chris Wood warns of significant capital destruction in the current AI investment cycle, drawing parallels to past boom-and-bust ...
- Energy use forcing rethink of AI chip design, TSMC saysAI's massive electricity needs are now driving chip development. Energy efficiency is becoming more critical than raw computing power. TSMC...
- As AI Adoption Accelerates in India, Mumbai Emerges as a Key Technology HubAs India’s AI ecosystem shifts from experimentation to real-world deployment, conversations around startup innovation, enterprise adoption,...
- Mark Zuckerberg's philanthropic venture unveils AI world model for drug discoveryBiohub, a venture by Mark Zuckerberg and Priscilla Chan, has launched a protein biology world model. This advanced AI tool aims to speed up...
- Listed new-age companies use AI to tune their daily ops engineCompanies are using AI to personalise discovery, improve marketing efficiency, reduce manual work in logistics, handle customer support, re...
- US company ClickUp lays off 22% workforce, but CEO says bigger rewards await those...ClickUp Layoffs: ClickUp is cutting 22 per cent of its workforce as the company shifts more aggressively towards artificial intelligence-dr...
- Speed, cost, accessibility key in next phase of AI race, says Sundar PichaiSpeaking to the media ahead of Google’s annual developer conference Google I/O, Pichai said the industry is entering a phase where efficien...
- The AI blindspot: Layoffs are piling up, but where are the returns?Companies are cutting jobs to fund AI, but this strategy may not work. A global survey shows that reducing staff does not guarantee better ...
- Mutual funds cut technology sector exposure to 8-year low in April. Is AI disruption reshaping sentiment?Mutual funds have significantly reduced their technology sector exposure to an eight-year low, driven by concerns over AI disruption, slowi...
- Bill Ackman's Pershing Square takes stake in Microsoft, citing 'compelling' valuationBillionaire investor Bill Ackman's fund Pershing Square is revealing a new investment in Microsoft. Ackman believes the tech giant is under...
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