Zerodha’s growth stalls; IT’s new deal model
Zerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5.
Digital India, space programs, AI governance, cyber initiatives, and scientific research.
Zerodha’s profit growth has slowed as its core broking business comes under pressure. This and more in today's ETtech Top 5.
The deal was reached during a California federal court trial over claims brought by 29 states, averting one of the highest-profile tests yet of allegations that social media companies harmed young users. Just days before jury selection began on August 12, a federal appeals court declined to halt the trial.
Revenue for the six months ended June 30 rose 283.1% from a year earlier to $116.6 million, reflecting surging demand for cheaper, open-source-based models from Chinese providers. MiniMax said it will keep pushing to extend the "performance-cost frontier," first getting performance to a level that can handle complex real-world tasks and...
With plans to scale to 2,000 engineers in the coming years, the centre will contribute to Octave's global technology and innovation operations across software engineering, AI, data, cloud, product development and other advanced technology capabilities, a release said.
The discussions highlight how China's leading AI models, often far cheaper than Western offerings, are gaining traction in the US, despite national security concerns in Washington that have led to bans on exports of AI chips to China. They are also taking place despite critical comments about Moonshot from senior US officials.
The ratings agency said mergers and acquisitions are evolving from an occasional growth option into a core strategic tool for companies seeking to scale faster, enter new markets and acquire capabilities that would take longer to build internally.
More than one in three companies hit by cyberattacks, or 37%, said they had attributed at least one incident in the past 12 months to a foreign intelligence service. That was up from 28% a year earlier and more than five times the 7% recorded in 2023.
The gap is narrow but significant, pointing to the rapid expansion of Flipkart's quick-commerce business even as established players continue to deepen their networks. The 10 cities together account for 3,536 dark stores, according to CLSA's Quick Commerce Map, with Blinkit leading at 969 stores, followed by Zepto at 828, Flipkart Minutes at 627,...
Founded in 2024 by chef and content creator Sanjyot Keer and entrepreneur Neeraj Kumawat, Curaa designs kitchen appliances and tools tailored for Indian cooking habits. The company said the fresh capital will be used for product development, branding, and supply chain management, while also supporting its omnichannel expansion plans.
Zoom has been rolling out AI tools, including an AI Companion assistant, a meeting receptionist assistant and its suite of enterprise-focused AI features under "Zoom AI Services" to attract more customers.
Adam Mosseri, the head of Instagram since 2018, denied any suggestion by U.S. states suing Meta that Instagram stalled by not making the "Take a Break" feature the default setting for teenagers until September 2024, nearly three years after its launch.
The Microsoft cofounder and billionaire philanthropist Bill Gates told Reuters in an interview that he believes China might agree to restricting potentially dangerous AI model releases if the US took initiative on that first.
SoftBank Group is in talks with investment banks about a potential $10 billion to $20 billion bond offering to help refinance a loan for its investment in US tech giant OpenAI. However, the talks are still ongoing and details could change.
Founded in 2023 by Siddharth Tripathi, Kali Charan Vemuru and Utkarsh Shukla, the startup counts Policybazaar, CRED, Flipkart, Groww and Practo among its customers.
Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. - Stomaching the losses - According to Bloomberg, Anthropic intends to surpass the record $86.2 billion that Elon Musk's SpaceX raised in its June IPO. SpaceX, which...
Brazil's data protection agency on Tuesday fined TikTok nearly $30 million for failing to implement child safety measures in what it said was a "powerful signal" to social media companies. He said the fine of 153.7 million reais ($29.9 million) was a "powerful signal to other platforms regarding how seriously the ANPD takes this work" and that the...
The deal gives HP access to Huawei patents and gives Huawei access to HP patents, though neither company disclosed financial terms. Huawei did not detail the scope of the patents it would receive from HP.
The Vietnamese government aims to develop at least 50,000 semiconductor professionals by 2030, including at least 35,000 workers for production, packaging, testing and other segments of the industry's value chain.
Taggd is a digital recruitment and talent fulfilment company. The report is based on inputs from over 100 CHROs and talent acquisition leaders, along with closed-door roundtables across major GCC hubs.
Australian under-16s are increasing their use of social media apps such as Instagram and Tiktok despite a world-leading ban, data provided by a parental control software company showed Wednesday. The use of apps TikTok, Instagram and Snapchat among 10-12 year olds and 13 to 15-year olds was on the rise, data from parental control app Qustodio...