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MICROSOFT ACQUISITION
In 1996, Tim Draper bought Hotmail shares for $300,000. 2 years later, Microsoft acquired the startup for $400 millionMicrosoft announced the Hotmail acquisition on December 31, 1997. It did not reveal how much it paid for the company. A later securities fi...- Lessons from Chinese AI Firms on Owning Customers’ HabitsAs U.S. AI firms compete in an escalating race for superior models, bigger benchmarks, and more advanced features, Chinese companies are pu...
- IT firms cut H-1B reliance; Anthropic flags AI risks in IPO filingTop Indian IT firms have sharply cut H-1B visa filings as rules tighten. This and more in today’s ETtech Top 5.
- Microsoft announced 3,200 Xbox job cuts in July. Now, it may cut hundreds more this weekMicrosoft may fire hundreds of employees from its Xbox division this week. This was on top of the 3,200 job cuts the tech giant announced j...
- UPI MDR explained; AI leaders split on slowing downUPI’s new MDR framework will change how large merchant payments are charged. This and more in today’s ETtech Top 5.
- Microsoft is funding a bet on mud: Inside the race to rewet 23 square miles of North Carolina peat before it dries out and burnsNorth Carolina's peatlands, vital carbon stores, are being restored by Pantheon Regeneration. These ancient ecosystems hold twice the carbo...
- AI's left hand begins to take away jobs before its right hand canIn response to soaring chip prices, Samsung India is downsizing its electronics division. The burgeoning demand for specialized chips fuele...
- "Bihar to develop around 700 model schools for NEET, JEE preparation": CM Samrat ChoudharyBihar will develop 700 Saraswati Vidya Niketan model schools for competitive exam preparation. A new Teacher Training University will be es...
- Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companiesAdobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executi...
- After 18 years at helm, Shantanu Narayen passes reins to Anil ChakravarthyChakravarthy had been president of Adobe’s customer experience orchestration business and worldwide field operations, having joined the com...
- Advertising giant WPP set to axe 1,000 more jobs as AI reshapes the industryBritish advertising group WPP plans to cut up to one thousand more jobs this year. This latest round adds to over eleven thousand job losse...
- Big Tech can’t disrupt IT: Tech Mahindra CEO Mohit JoshiChief executive Mohit Joshi said that he isn’t concerned about Big Tech firms like Google or AI labs like Anthropic or OpenAI getting into ...
- The most expensive half-sentence in market history, and Warren Buffett wrote the other halfHe wrote it as a caution. Somebody published just one half of it. A great many investors acted on the half they were shown. Warren Buffett ...
- AMI’s Nvidia chip bet; Groww’s new growth playHappy Wednesday! AMI has ordered 9,000 Nvidia Vera Rubin chips, becoming one of Asia’s first such adopters. This and more in today’s ETtech...
- Fireflies CEO Krish Ramineni wants to turn its AI notetaker into an ‘action-taker’Over the next year, Fireflies plans to add more than a dozen capabilities beyond meetings, according to Ramineni.
- Presenting the jury for The Economic Times Startup Awards 2026Meet the high-powered jury that will pick the winners of the ET Startup Awards 2026.
- Josh Kushner’s Thrive Fund grows sevenfold to $3.7 billion on AI betsThe letter highlights an investing strategy that Thrive pioneered in the venture capital industry: concentrating on a small subset of compa...
- Uber, Rapido held talks to combine India ops; deal collapsed over control: sourcesUber and Rapido discussed merging their India ride-hailing operations in May, sources told us. Talks collapsed after disagreements over the...
- Nvidia-backed neoclouds hover over India to lease data centre capacityCoreWeave, Together AI, Nebius, Lambda Labs, Crusoe and Nscale are in various stages of discussions with companies such as Sify Technologie...
- Samsung in talks to invest in Mistral at $23 billion valuationThis comes after Microsoft agreed to spend billions of dollars on Mistral's computing infrastructure in Europe under a deal that will also...
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