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TECH IPO 2023
Anthropic vs OpenAI: Behind the bitter battle for the future of AIThe fierce competition between Anthropic and OpenAI is accelerating AI advancements and driving a race towards blockbuster IPOs. This rival...- 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.
- US stocks: US market indexes fall over 1%, dragged by tech and Iran war worriesMajor US stock markets experienced a significant drop on Wednesday. Chipmaker stocks continued their decline, while new tensions between th...
- Why IPO valuations, SpaceX’s included, may not conclusively capture the current state of AI playThe AI IPO season is here with SpaceX, Anthropic, and OpenAI preparing for huge listings. These companies are seeking public funds to cover...
- Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
- Double, Trouble, Toil and the AI Bubble: Why the boom may not be what it seemsAs India navigates its AI and innovation trajectory, skepticism looms large. While AI technologies have fueled market growth worldwide, the...
- Saving supply chains from climate shocks is a lure for investorsCompanies are increasingly focused on supply chain resilience. This trend is expected to continue, offering new opportunities and protectin...
- Why foreign investors are exiting Nifty giants to hunt in India's small and midcap marketForeign institutional investors are shifting their focus from India's top blue-chip stocks to a wider array of mid- and small-cap companies...
- Kerala’s healthcare gold rush: How private equity is reshaping hospitals and raising fears over costsPrivate equity funds are pouring hundreds of millions of dollars into Kerala’s healthcare sector, reshaping a system long dominated by inde...
- AI spooks IT valuations; Groww promoters cut stakeAI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.
- Did Elon Musk lose his landmark OpenAI lawsuit? Jury delivers swift verdict-here's what you need to knowA California jury has rejected Elon Musk's lawsuit against Sam Altman and OpenAI. Musk claimed OpenAI abandoned its nonprofit mission for p...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- CBRS stock on Nasdaq: Cerebras makes U.S. Stock Market debut. Should you buy, invest in chipmaker shares?Cerebras starts trading on Nasdaq Global Select Market on Thursday under the ticker symbol 'CBRS'.
- Former OpenAI executive Sutskever discloses nearly $7 billion stake in AI firmIlya Sutskever testified about Sam Altman's alleged dishonesty. He spent a year collecting evidence of Altman's behavior. This testimony is...
- Skyroot Aerospace, KreditBee among latest startups to enter unicorn clubIndia's startup scene is experiencing significant growth. Several new companies have achieved unicorn status, valued at over $1 billion. Sk...
- The alchemist of Bengaluru: Kiran Mazumdar-Shaw began from a garageKiran Mazumdar-Shaw has named her niece Claire Mazumdar as successor, setting up a gradual leadership transition at Biocon. A pioneer who b...
- Anthropic enters trillion-dollar club in private trading ahead of potential IPO as AI demand spikes - here's what you need to knowAnthropic pre IPO share valuation surge: Anthropic's implied valuation has surged past $1 trillion in private on-chain trading, driven by s...
- Elon Musk's trial against Sam Altman to reveal the ongoing power struggle for OpenAIA major legal battle is unfolding between Elon Musk and AI giant OpenAI. Internal documents, including a co-founder's diary, are central to...
- US stocks: Nuclear reactor maker X-Energy valued at $11.9 billion in stellar Nasdaq debutX-Energy's Nasdaq debut saw shares surge 30.9%, valuing the Amazon-backed nuclear reactor developer at $11.9 billion. The company raised ov...
- Bain Capital sole contender for Vitabiotics buyBain Capital has emerged as the frontrunner to acquire Vitabiotics, as rival bidders TPG Capital and EQT exit the process, potentially lowe...
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