AI INVESTMENT
Human-centric technology at heart of India's AI ambitions: PM Narendra Modi at Bharat Innovates 2026
Prime Minister Narendra Modi emphasised India's "technology for humanity" approach at Bharat Innovates 2026 in Nice, aligning with India's vision of "AI for all." French President Emmanuel Macron echoed this, advocating for ethical and responsible AI development, cautioning against power concentration.
CEA Anantha Nageswaran says AI stock valuations definitely in a bubble
India's Chief Economic Advisor V Anantha Nageswaran warns that artificial intelligence stock valuations are a bubble. He believes the narrative around AI's productivity gains and impact on jobs is exaggerated. Global investors have poured billions into AI-linked companies, driving record valuations for firms like Nvidia. Concerns are rising about a potential market correction as investor positioning becomes crowded.
AI euphoria to end? Chris Wood warns mega IPOs, bond pressures may trigger tech correction
Jefferies strategist Christopher Wood has warned that the AI-driven stock rally may face a near-term correction amid rising bond yields, crowded positioning and upcoming mega IPOs. While AI spending remains strong, concerns over valuations, liquidity shifts and uncertain returns suggest increased volatility in global technology stocks.
Warner music acquires Sureel AI: How AI music attribution is transforming the industry
Warner Music Group’s acquisition of Sureel AI signals a shift toward shaping how AI uses music. Sureel tracks song influence in AI models through digital fingerprints, even without direct copying. The move points to more transparent attribution and new ways of compensating artists in the AI era.
Mark Zuckerberg says Meta made 'mistakes' in AI workforce shift
Meta's chief Mark Zuckerberg admits the company made errors during its AI shift. He is investing heavily in artificial intelligence to reshape Meta's operations. Zuckerberg assures employees there will be no more company-wide layoffs this year. He is focused on providing organizational stability. Meta will also increase team-building initiatives and scale back manager oversight.
France’s Mistral in funding talks at about €20 billion valuation
French AI startup Mistral AI is reportedly in talks to raise approximately €3 billion ($3.5 billion) at a valuation of around €20 billion. This significant funding aims to bolster its position in the competitive AI landscape against US and Chinese rivals. The company, founded by former Google and Meta researchers, focuses on providing AI infrastructure for European governments and industries.
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ETtech Deals Digest: Startups raise $225 million in second week of June, up 22% on-year
Startups secured $225 million in funding across 19 rounds during the second week of June, a 22% year-on-year increase. Hygenco Green Energies led deal activity with a $105 million round for green hydrogen projects.
What enterprises are now demanding from AI, and who is actually meeting the mark
The AI market has moved past potential. Enterprises are now evaluating products on a single metric: measurable business impact. The ET Most Innovative AI Product Awards 2026 recognise the solutions that are proving it.
Keshav Reddy's Equal AI raises $30 million in round led by Prosus, Tomales Bay Capital
The round also saw participation from Think Investments, Valiant Fund, PhonePe founder Sameer Nigam, and Zubin Bharti Mittal, among others. The lead investors had also co-led the company's $10 million Series A in November 2024, along with Reddy. The founder, son of GVK Group vice chairman Sanjay Reddy, has transitioned from managing physical assets to building digital platforms.
Agentic AI returns in India poised to grow fivefold to $14.4 million: SAP study
Globally, India ranks second in strategic approaches to AI investment. Reflecting this momentum, Indian organisations plan to invest $25.9 million in AI, with spending expected to rise 45% over the next two years, it said.
ET Alpha Wealth Summit | 'India's AI index beat Mag-7 plus Nvidia': Hiren Ved says stop mourning FII exits and start investing smarter
India is in an 'Opportunity Kaal', not an AI drought, and that companies using AI aggressively will leave rivals behind within five years, says Hiren Ved, Director and CIO of Alchemy Capital Management. The AI adoption is creating a significant divide between leading firms and those lagging behind. Investors are urged to identify companies leveraging AI effectively. The strategic use of AI will drive competitive advantages and future growth for businesses.
Will SpaceX factor last after IPO? Mega listing plan sparks valuation debate amid AI boom
SpaceX's huge IPO is set to launch, attracting record investor bids. This event will test the market's appetite for AI companies. Investors are watching to see if it signals continued growth or a market peak. The offering's success could influence future AI IPOs from companies like OpenAI and Anthropic. This IPO is a significant moment for global markets.
The conviction in India continues to be very high: Citi's Achintya Mangla
India is a significant market for Citi, with growth expected in AI, energy, and data-center infrastructure. Foreign investors are currently cautious, questioning India's position in the global AI race and seeking improvements in ease of doing business. Despite short-term volatility, long-term conviction in India remains strong, supported by favorable demographics and growing manufacturing.
Why Google is investing millions in electricians, welders and pipefitters in the age of AI
Google is investing $50 million through Google.org to train over 300,000 American workers for skilled trades like electrical work and welding. This initiative aims to address the growing demand for physical infrastructure to support AI and cloud computing, highlighting the critical role of tradespeople in the digital economy.
EY launches Bengaluru AI centre to help firms test and scale AI transformation
EY has launched a state-of-the-art 40,000-square-foot AI innovation hub in Bengaluru, designed to support clients in the exploration and deployment of artificial intelligence solutions. This initiative is a key component of EY's major $1.4 billion commitment to advancing AI technology. Businesses from around the globe and within India can delve into innovative business strategies and enhance their operational effectiveness.
Gulf countries act as propellants for SpaceX IPO as billions flow in
Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion, the people said, asking not to be identified discussing confidential information. The $580 billion Qatar Investment Authority is also likely to make a significant commitment, the people said.
Inside Jamnagar: How Meta and Reliance are building India’s AI infrastructure backbone
Meta and Reliance Industries are expanding their partnership beyond connectivity to build an AI-enabled data centre in Jamnagar, Gujarat, marking a major step in India’s AI infrastructure journey. The collaboration underscores India’s growing role as a global AI hub while placing sustainability and renewable energy at the centre of the next wave of digital growth.
Every AI Product Can Demo. Few Can Scale.
The future of AI will be shaped not only by breakthrough innovation, but by products that organisations can deploy, trust, and scale. As enterprise AI adoption matures, factors such as reliability, governance, integration, and business readiness are becoming key indicators of long-term success. This shift is redefining what it takes for AI products to stand out in an increasingly competitive market.
Meta partners with Reliance to lease 168 MW AI data centre in Jamnagar
Meta has deepened its India bet by partnering with Reliance Industries to build its first AI-ready data centre in the country, leasing 168 MW of capacity at Reliance's upcoming hyperscale campus in Jamnagar, Gujarat. The deal marks a significant milestone in the long-standing Meta-Reliance relationship and highlights India's emergence as a major hub for AI data centres. Roughly $270 billion cumulative investment has been committed by global hyperscalers and Indian conglomerates in data centres.
India can take the lead in applying AI in industries: SAP CEO Christian Klein
SAP CEO Christian Klein believes India can lead in applying AI to industries like manufacturing and finance, rather than just replicating large language models. He emphasised workforce transformation and sees India's talent, infrastructure investment, and government support as key to its continued tech powerhouse status amidst global AI shifts.
Elon Musk's xAI, SpaceX hit with class action over data center 'nuisance'
The lawsuit, made public on Tuesday in federal court in Oxford, Mississippi, claims Musk's companies negligently failed to curb the disturbance and created a public nuisance through excessive and offensive noise. Three residents filed the case on behalf of a class estimated at more than 10,000 members.
Will India's AI multibaggers face a reality check as global bubble fears test valuations?
India's AI stocks are facing scrutiny as global concerns about a tech bubble grow. Companies linked to data centers and high-performance computing have seen major gains. Experts question if earnings can justify current valuations. Investors are now focusing on the sustainability of these high stock prices. The AI opportunity remains strong, but careful stock selection and valuation discipline are crucial.
From AI pilots to enterprise-wide transformation: How scalable AI products are creating real business impact
As enterprise AI adoption accelerates, organisations are placing greater emphasis on products that can be deployed, scaled, and integrated into real-world operations. The ET Most Innovative AI Product Awards 2026 recognise AI innovations delivering measurable impact across functions, industries, and geographies, moving beyond experimentation to create lasting business value.
China prepares $295 billion plan to fund nationwide AI buildout: Report
National Development and Reform Commission is among key government agencies drafting a blueprint to build a network of inter-connected computing hubs across the country, the report said, citing people familiar with the matter.
China’s Moonshot AI seeks $30 billion value in new funding talks
The developer of the Kimi chatbot has held early talks with prospective investors to raise more than $1 billion, people familiar with the matter said. The discussions have begun just as Moonshot is on the verge of closing a round led by Meituan that valued the AI firm at $20 billion after the investment, the people said. If Moonshot hits its latest funding target, that would mark a seven-fold increase in capitalization from December, when the startup was valued at just over $4 billion.
AI mania reorders Asia's stock markets
With AI investments taking center stage, South Korea and Taiwan's stock markets have outpaced India in terms of market capitalisation, largely driven by the booming chip manufacturing sector. Meanwhile, India grapples with foreign investors pulling back and a noticeable absence of a cohesive AI strategy.
AI fever spreads, but are markets masking economic cracks?
Investors are pouring money into Artificial Intelligence, even as economic worries grow. SpaceX's massive IPO signals strong AI interest. Companies like Google are expanding AI infrastructure. Chipmakers are seeing huge demand. However, some signs suggest market expectations may be too high. Analysts are watching closely to see if this AI boom can withstand inflation and slowing growth.
Enterprise AI Adoption Enters a New Phase as Companies Shift Focus From Access to ROI
For the past two years, enterprises have encouraged employees to adopt AI tools at scale. Now, some of the biggest corporate users of AI are introducing limits, usage controls, and cost-management frameworks, signalling a shift from widespread experimentation to measurable business value.
5,100 employees won't get salary hikes as Tech CEO says company is spending on AI instead
Teradata salary hike 2026: Cloud software company Teradata has decided to freeze annual salary increases for its 5,100 employees in 2026 as it redirects those funds towards expanding its artificial intelligence capabilities. The move underscores the growing competition in the AI race, with companies prioritising technology investments to drive future growth. While employees may still be eligible for performance-based bonuses and other incentives, their fixed salaries will remain unchanged during the year.
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