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Agritech startup Superplum raises $15 million from investors to expand fresh fruits business
Superplum has built a direct-from-farm produce supply chain, using proprietary technology and cold-chain infrastructure to fundamentally improve how produce is grown and brought to market.
Agritech firm Poshn raises $4 million in funding led by Prime Ventures Partners, Zephyr Peacock
Agritech firm Poshn will use the capital to build its innovative stack of solutions that address the gaps in the system, and expand to global markets with imports and exports in profitable catego...
Twitter cofounder Jack Dorsey leaves Bluesky board
Bluesky is a decentralised social media platform, cofounded by Jack Dorsey. It is pitched as an alternative to X, formerly Twitter. It crossed two million users in November last year.
Paytm shares slide 4% on COO Bhavesh Gupta's exit
Bhavesh Gupta, chief operating officer and president of One 97 Communications Ltd (OCL), the parent company that owns and operates the Paytm brand, has resigned, the fintech firm informed stock e...
Easing FDI norms in space sector to attract foreign players, boost demand for high-tech jobs
Sreeram Ananthasayanam, Partner, Deloitte India, said that the recent amendment of higher FDI limits in the space sector is a significant step towards transforming India's space program, in terms...
America's tech industry cannot survive without Indians: SVC Chamber of Commerce CEO
Located in Santa Clara, the hub of Silicon Valley, the Chamber of Commerce is made up of a group of visionary business leaders from multiple cities that help grow and shape the future of Silicon ...
Warren Buffett says AI may be better for scammers than society: he's seen how
Buffett told the throngs he recently came face to face with the downside of AI. And it looked and sounded just like him. Someone made a fake video of Buffett, apparently convincing enough t...
States & online gaming regulations; banks tap startups to foil frauds
Happy Monday! In the absence of central government’s self-regulatory mechanisms, states are framing laws for online real money gaming. This and more in today's ETtech Morning Dispatch.
Digital fraud-hit banks turn to startups to cope with risks
Legacy financial institutions turn to startups like Data Sutram for tech support in customer verification. Data Sutram's 'DS Authenticator Trust Score' aids in assessing customer trust levels dur...
Semiconductor company Mindgrove launches India’s first commercial MCU chip
Mindgrove Technologies introduced Secure IoT, India’s first SoC for IoT devices, with programmability, flexibility, and security. It targets wearables, smart city devices, EV battery management...
Indian gig workers toil at frontlines of AI revolution
Akash and Ikshita engage in online work. Gig workers in India train AI models through microtasks. India emerges as a data annotation hub with a potential $8.22 billion global market and a million...
Crypto dreams and reality collide again in Bitcoin heartbreak rerun
Bitcoin faced a 16% decline in April, the worst since November 2022, attributed to outflows from spot ETFs in the US post the Bitcoin halving event on April 18. Other factors include macroeconomi...
States, Trai jump into the fray to regulate online gaming
MeitY's self-regulatory proposal for online gaming led to state laws in Tamil Nadu and Karnataka. Trai consulted on National Broadcasting Policy 2024. Challenges include defining skill-based gami...
IT companies Cognizant, Capgemini hired 1.5 lakh less hands in 2023
Global hiring decline in 2023 impacted major IT companies like Cognizant and Capgemini. Indian IT firms also faced headcount reductions. Everest Group attributed layoffs to Covid over-hiring, whi...
Financial Intelligence Unit arms itself with AI, ML tools to check money laundering
India's FIU enhances anti-money laundering efforts with AI-powered FINnet 2.0. The system analyzes suspicious transaction reports, assigns risk scores, and collaborates with various enforcement a...
What to expect from the next generation of chatbots: OpenAI's GPT-5 and Meta's Llama-3
Upgrades to OpenAI's ChatGPT and Meta's Llama system introduce significant advancements in AI capabilities. GPT-5 and Llama-3 will revolutionize human-machine interactions, transforming industrie...
Foxconn reiterates Q2 revenue to grow, posts record April sales
Foxconn anticipates higher second-quarter revenue with record April sales and strong growth in AI server demand, smart consumer electronics, and cloud products. CEO Tim Cook optimistic about reve...
Indian EV startup makes offer to interns spurned by Elon Musk
Pravaig Dynamics offers support to Tesla interns after Elon Musk's cost-cutting, inviting them to the Silicon Valley of India to recognize their talents amid concerns about job cuts and logistica...
ET has the lowdown on five of the most exciting startups at ARTPARK
Strider Robotics develops agile legged robots for rough terrains. Hones quadruped robot platform. Emphasizes motor drivers, robotic joint actuator, and actuator testing. Includes pneumatic soft g...
ARTPARK: From legged robots to advanced cargo drones, a look at India's first robotics park
ARTPARK, India's pioneering AI and robotics hub established in 2020 within the Indian Institute of Science (IISc) campus, Bengaluru, aims to foster inclusivity and equitable access to technology....
Eye on AI: AI boosts growth for cloud giants, US newspapers sue Microsoft, OpenAI
In the January-toMarch quarter, Amazon’s cloud computing arm Amazon Web Services, Microsoft’s Azure and Google Cloud grew at 17%, 31% and 28%, respectively, the companies reported. Anal...
AI has hit human-level performance on some parameters: Stanford report
Here's a summary of the noteworthy insights from the 'AI Index 2023' report by the Stanford Institute for Human-Centered Artificial Intelligence.
Paytm COO & president Bhavesh Gupta resigns; to take on advisory role
Paytm's chief operating officer and president Bhavesh Gupta resigned on Saturday in yet another top-deck exit at the fintech company. The Noida-headquartered firm also announced changes in its le...
Paytm COO & president Bhavesh Gupta resigns; to take on advisory role
Bhavesh Gupta has resigned as president and COO of One 97 Communications Ltd, effective May 31. He will be transitioning into an advisory role in the office of CEO Vijay Shekhar Sharma. Varun Sri...
Bhavish Aggarwal's Krutrim AI launches mobile app, opens up cloud infra for businesses
Krutrim AI, an artificial intelligence (AI) startup founded by Ola Electric's Bhavish Aggarwal, has opened up its cloud for entrepreneurs and developers. Aggarwal said this will help businesses b...
Stanford AI leader Fei-Fei Li building 'spatial intelligence' startup
Li, considered a pioneer in the AI field, raised money for the company in a recent seed funding round. Investors included Silicon Valley venture firm Andreessen Horowitz, three of the sources sai...
Tech startup Plotline raises $2.6 million in seed round
Based in San Francisco and Bengaluru, Plotline serves industry majors in the likes of Dream11, Khatabook, BharatPe, CoinDCX, Niyo, Step, and Kredivo.
An AI-controlled fighter jet took the Air Force leader for a historic ride. What that means for war
AI marks one of the biggest advances in military aviation since the introduction of stealth in the early 1990s, and the Air Force has aggressively leaned in. Even though the technology is not ful...
Stablecoin Tether steps up monitoring in bid to combat illicit finance
Tether, a cryptocurrency pegged to the U.S. dollar, and blockchain analytics company Chainalysis have launched new tools to identify transactions associated with sanctioned entities and analyse t...
Luminar to cut nearly 20% jobs as part of restructuring
As of December last year, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China.
TikTok's boss goes from reserved tech executive to Met Gala chair
Amazon founder Jeff Bezos appeared as the ball's honorary chair in 2012. Four years later, when Apple was a Met Gala sponsor, its CEO, Tim Cook, showed up in tux and tails. And Instagram supplied...
TikTok tells advertisers: ‘We are not backing down’
Sofia Hernandez, TikTok's global head of business marketing, declared that TikTok had gone from "being viral to vital" for businesses. The company's executives introduced new tools for running ad...
Tech platforms make pitch for ad deals as TikTok is roiled by politics
TikTok is expected to generate $8.66 billion in U.S. ad revenue this year according to an estimate from research firm Emarketer. While it is a fraction of the size of Google and Meta, TikTok kick...
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
Those shares were equivalent to 61.5% of the share class, based on a calculation that includes factors such as the right to acquire more shares by exercising stock options and the conversion of C...
US antitrust case against Google is just the start
Under the Trump administration, the Justice Department and the Federal Trade Commission started investigating Amazon, Apple, Google and Meta, the parent company of Instagram and WhatsApp, for mon...
Google trial wraps up as judge weighs landmark US antitrust claims
US District Judge Amit Mehta in Washington for hours grilled both sides with questions, probing whether competitive platforms such as ByteDance's TikTok and Meta's Facebook and Instagram are comp...
A week of hits and misses in fintech; and other top tech, startup stories
Hi, this is Pratik Bhakta in Bengaluru. It’s been a busy news week for us here at ETtech covering some of the most important stories in the fintech space. We had a string of big exclusives, wra...
BHIM looks to bulk up with ONDC to take on digital payment heavyweights
NPCI-built app to foray into ecommerce space via separate division. Despite marketing challenges, BHIM aims to improve user experience through partnerships and new initiatives like BHIM 2.0.
Coforge’s $220-m Cigniti acquisition biggest, but not disproportionately bigger: CEO Sudhir Singh
Coforge's $220 million acquisition of Cigniti under CEO Singh's leadership aims to expand into new verticals, add fortune-500 clients, and strengthen North America market. Past acquisitions and f...
Byju's saga: Vendors' claims before NCLT touch Rs 190 crore
Vendors claim Rs 190 crore at NCLT against Byju's. Oppo, BCCI, Cogent E-Services, Teleperformance also file claims. Disputes impede Byju's access to USD 200 million funds. Investors challenge man...
Supreme Court dismisses PhonePe's appeal over trademark dispute with DigiPe Fintech
Supreme Court dismissed PhonePe's appeal against DigiPe's trademark use. The court noted other companies with similar 'Pe' suffix. The ongoing lawsuit readiness and differences in services betwee...
ETtech Deals Digest: Startup funding in April rises 21% on year to $564 million
In terms of deal volume in the month, total deals stood at 78, compared to 95 in March 2024 and 113 in April 2023. Sequentially, deal value went down about 26% from $765 million to $563.5 million...
Apple India sales grow; more sops for electronics makers
Apple's first-quarter revenue fell due to laggard sales in China, but CEO Tim Cook sees growth returning in the current quarter. This and more in today’s ETtech Top 5.
Good Capital plans to invest $25 million in Indian AI startups this fiscal
Good Capital plans to invest USD 25 million in Indian AI startups from the USD 50 million Fund II by 2027. The focus includes cleantech, e-commerce, edtech, healthtech, SaaS, deeptech, and utiliz...
Karnataka govt to deposit compensation towards land acquired for Foxconn
Karnataka compensates Foxconn for Bengaluru facility, assembling 20M smartphones annually. CEO deposits compensation in court. 867.37 acres acquired for industrial estate, with additional $1.7 bi...
Tata Technologies Q4 profit dips 27% to Rs 157 crore
Tata Technologies faced a 27.4% YoY net profit decrease in Q4 FY24 due to reduced technology solutions revenue and increased employee costs. Despite challenges, the company demonstrated resilienc...
AMD set to fuel growing demand for AI compute: CTO Mark Papermaster
AMD, under Mark Papermaster, is positioned to meet AI compute demand with a diverse product portfolio. Papermaster emphasizes the importance of open ecosystems, industry partnerships, and investm...
Google faces second day of closing arguments in US antitrust trial
The U.S. government accuses Google of antitrust violations for dominating the search advertising market. Court proceedings involve allegations of monopolistic practices, ad auction manipulation, ...
Only 3% women entrepreneurs in tier 2-3 cities have access to external funding: study
Merely 3% of women entrepreneurs in India's tier II and III cities had access to bank loans or equity investments. The study highlighted the need to close the gender gap in employment and the lac...
Apple aims to tell an AI story without AI bills
After the company reported quarterly earnings on Thursday, Cook insisted that Apple will have concrete details about its plans for AI to talk about very soon.