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CONSUMER SPENDING ON AI APPS
India’s AI app race heats up as Claude surges and Gemini closes in on ChatGPTClaude's downloads and spending in India surged significantly in the June quarter. ChatGPT continues to dominate consumer spending on AI ap...- Wall St Week Ahead: With US Fed silent on next move, investors look to earnings to keep stocks afloatInvestors focus on corporate earnings to offset economic risks and rate concerns. Strong results, particularly from AI infrastructure spend...
- Jefferies’ Chris Wood spots a hidden risk in Big Tech’s $165 billion AI capex raceBig Tech’s AI capex surge is putting pressure on free cash flow, with Microsoft, Amazon, Alphabet and Meta spending $165 bn in Q2 against j...
- US retail sales unexpectedly fall in JulyJuly saw a surprising dip in US retail sales, reversing the trend of recent strong performances. The earlier surge in consumer spending, fu...
- HCLTech, NetApp expand partnership to deliver hybrid cloud storage-as-a-service for enterprise AIHCLTech and NetApp expanded their partnership for hybrid cloud storage-as-a-service (STaaS) to accelerate enterprise AI adoption. The initi...
- Rise of AI shopping pushes merchants to protect loyalty, Adyen saysAdyen co-CEO Pieter van der Does told Reuters that a merchant he spoke with this week generated 70% of its volume through direct channels a...
- Geographic base of forex demand in India expanding, 47% demand from Tier 1 cities: Thomas CookBased on transaction data for April 2025 to March 2026, the report highlighted an increasingly diversified forex market driven by rising ou...
- India’s workforce is using AI, but just 20% are building with it: ReportIn India, a majority of learners utilize artificial intelligence tools in their daily lives. Nonetheless, the journey towards creating AI-d...
- Global Market: China stocks rise on AI optimism; Hong Kong shares mostly flatChinese mainland stocks advanced, led by optical communications and technology shares, as strong AI demand forecasts boosted sentiment. Hon...
- Character AI Down Today: Users report login issues, app problems and unexpected account logoutsCharacter AI down: On August 12, Character AI faced considerable access issues, leaving numerous users unable to log in or fully utilize it...
- Accel’s $550 million India fund; South Park Commons bets on deeptechHappy Wednesday! Venture capital firm Accel has raised its ninth India fund. This and more in today’s ETtech Morning Dispatch.
- Telecom operators flag 24.4 billion spam calls, messages in April-June: TRAITelecom operators flagged 24.4 billion calls and messages as suspected spam during April-June. AI systems identified 22.9 billion calls and...
- Eternal helped you save time. Now it wants to help you spend itEternal’s District is betting India’s next consumer internet boom will come from helping people spend time outside home. As dining, shoppin...
- Chinese users of AI companions bereft after government tightens regulationsChina has a tradition of paternalistic government regulations meant to pre-empt potential problems, said Yolanda Ma, an expert on AI govern...
- Elon Musk vs Michael Burry: World's richest man says AI internet traffic will outpace humans, market expert asks who is payingElon Musk says AI agentic traffic will eventually vastly exceed human internet usage, while Michael Burry questions who will pay for AI age...
- ‘Bharat’ is going digital on its own termsBharat’s consumers may be hesitant to purchase certain products online, but it’s clear that they are ready to embrace digital shopping.
- Enterprise AI startup Wonderful plans to hire up to 1,000 forward-deployed engineers in IndiaLalazar said the company is approaching $100 million in annualised revenue, with headcount spread across more than 35 countries and set to ...
- OpenAI seeks dismissal of Apple's trade secrets lawsuitOpenAI asked a judge to dismiss Apple's lawsuit accusing it of trade-secret theft. The company stated it is building something entirely new...
- Meta chases OpenAI, Anthropic with new AI coding app Muse CodeMeta entered the race for automated coding tools on Wednesday when it announced a new app for developers of artificial intelligence product...
- AI assistant startup Hulp raises $2.6 million from Sparrow Capital, Bitkraft Ventures, othersHulp was founded by former insurance tech company PolicyBazaar’s cofounder and chief business officer Tarun Mathur, Neha Kulwal and Vishal ...
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