AI INVESTMENTS
OpenAI in talks to commit up to $1.5 billion to private equity joint venture: FT
Artificial intelligence firm OpenAI is reportedly planning to invest up to $1.5 billion in a new joint venture, internally named 'DeployCo'. This venture, with private equity firms, is expected to be valued at $10 billion.
Infosys weighs CEO change; Groww's Lalit Keshre on next growth bets
Happy Wednesday! Infosys is set to discuss CEO Salil Parekh's tenure and a succession roadmap as it reports Q4 results. This and more in today's ETtech Morning Dispatch.
Art of AI war: Sarvam to boost defence prowess
India is boosting its defence capabilities with a new Rs 300 crore Centre of Excellence for artificial intelligence. Homegrown labs like Sarvam are in talks with the defence ministry. This initiative aims to develop AI systems tailored for India's unique operational needs. The goal is to reduce reliance on foreign technology and enhance national security.
Lloyds pilots AI investment guidance tool as UK regulator studies impact
Lloyds Banking Group is the first UK lender to pilot an AI tool for investment guidance. This initiative aims to help customers navigate investment options. The tool, described as a 'satnav for investments', is expected to expand later this year. Other banks are also increasing investment in wealth management to compete.
Why are US stock market futures up today, and will Dow Jones, S&P 500 and Nasdaq reach new milestones or drop again? US stocks to watch, analysts insights and market outlook
Why are US stock market futures up today, and will Dow Jones, S&P 500 and Nasdaq reach new milestones or drop again? US stock futures moved higher as AI spending plans, earnings beats, and policy developments shaped sentiment. Investors tracked geopolitical tensions, Federal Reserve leadership uncertainty, and upcoming economic data while major companies drove early gains.
Apple's post-Cook future hinges on whether Ternus can ignite AI growth
John Ternus takes the helm at Apple, facing a critical juncture. The company must now integrate its strong hardware background with artificial intelligence to maintain its growth trajectory. Investors are watching closely as Apple navigates AI competition and policy shifts. New product launches are anticipated to bolster Apple's offerings under Ternus's leadership.
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Tata Digital CEO on company's reset; Groww doubles net profit in Q4
Happy Tuesday! Tata Digital CEO Sajith Sivanandan spoke to us exclusively about the ongoing restructuring at the company under him. This and more in today's ETtech Morning Dispatch.
Amazon to invest up to $25 billion in Anthropic as part of $100 billion cloud deal
Amazon is injecting up to $25 billion into AI startup Anthropic, solidifying a partnership where Anthropic commits over $100 billion to Amazon's cloud services. This significant investment, building on previous funding, aims to bolster Anthropic's AI models and secure crucial cloud infrastructure for the burgeoning AI sector.
US Stocks: Marvell shares jump 5% on report of deal talks with Google to develop two AI chips
Marvell Technology's shares jumped nearly 5% on Monday following a report that Alphabet's Google is in talks with the chip designer to develop two new chips aimed at running AI models more efficiently.
China’s Netflix expects AI to create bulk of shows in five years
IQiyi Inc. is set to transform its operations, anticipating AI will generate most films and shows within five years. The company is launching Nadou Pro, an AI toolkit designed for all filmmaking stages. This strategic shift aims to revitalize sales and embrace artificial intelligence as a core component of entertainment production.
Morgan Stanley sees agentic AI widening chip spending beyond graphics processors to CPUs
Morgan Stanley predicts that as AI evolves towards autonomous action, demand will shift towards CPUs and memory, reshaping data center buildouts. This transition is expected to drive significant growth in the data center CPU market, expanding AI investment beyond GPUs to a wider range of chipmakers and memory suppliers.
Why enterprises should step forward at the ET Most Innovative AI Product Awards 2026
Enterprises leveraging AI can benchmark innovation, gain credibility, and unlock strategic partnerships at ET Most Innovative AI Product 2026, positioning themselves at the forefront of growth, leadership, and India’s evolving AI-driven business ecosystem.
Germany's Friedrich Merz says industrial AI needs less stringent EU regulation
Germany's Chancellor Friedrich Merz wants less regulation for industrial artificial intelligence in the European Union. He believes this will increase productivity and efficiency. Germany has been eager to catch up with dominant AI players the United States and China in a global race to master a transformational technology and attract high-income jobs.
Google in talks with Marvell to build new AI chips: The Information
Alphabet's Google is reportedly in discussions with Marvell Technology to co-develop two new chips designed for more efficient AI model execution. One chip will be a memory processing unit to complement Google's TPUs, while the other is a new TPU specifically engineered for AI workloads.
Canva is leaning on India and Brazil to drive up AI adoption
Canva is transitioning to an AI-native platform, powered by its own foundational models, with India emerging as a key market for its design software and AI adoption. The company is heavily investing in localising content and strengthening its ecosystem, aiming to tap into the next generation of users ahead of a potential Nasdaq listing.
Senior IT executives join AI party as startup founders
Senior Indian IT executives are launching their own AI startups, leveraging years of client contacts and enterprise knowledge to offer cost-efficient AI-led services. This trend is accelerating as agentic AI allows smaller, agile teams to compete with larger IT incumbents, filling niche market demands and attracting venture capital.
Glade Brook in talks to join Sarvam’s funding; AI startup may hit $1.5 billion valuation
US-based Glade Brook Capital is in discussions to invest $20-25 million in Sarvam AI's $320-350 million funding round, valuing the AI startup at $1.5 billion. Strategic investors like Nvidia, Amazon, and HCLTech, alongside venture capital firms, are also participating in the round.
OpenAI B2B applications CTO Srinivas Narayanan announces exit after three years
Srinivas Narayanan, chief technology officer of business-to-business (B2B) applications at American AI company OpenAI, announced on Saturday that he will be leaving the company at the end of next week, marking the close of a three-year stint during a period of high-profile product launches.
Nvidia rival Cerebras discloses US IPO filing as AI boom drives listings
Cerebras Systems revealed its filing for a US initial public offering on Friday, bringing the Nvidia rival closer to the public markets as it seeks to tap into growing optimism around a broad revival in the listings market.
Andreessen Horowitz partner Bryan Kim departs to launch new AI-focused fund
Bryan Kim, who joined the Silicon Valley venture capital firm in November 2020, focused on consumer technology and AI applications. During his tenure at a16z, Kim led and participated in several early-stage investments, often at the seed and Series A levels.
Iconiq, go-to wealth adviser for tech’s elite, is putting billions into AI
Iconiq is expanding aggressively into venture capital, investing billions in AI startups like Anthropic. Leveraging elite global networks, it connects founders with powerful investors, achieving strong returns while navigating risks, conflicts of interest, and growing ambitions in tech.
Canva unveils new platform, transitions to ‘AI platform with design tools’ from ‘design platform with AI tools’
Design giant Canva unveiled its AI-native platform, Canva 2.0, powered by its own models. This shift transforms it into an AI platform with design tools, aiming for the next generation of users. The company also introduced a new AI Pass for enhanced AI capabilities.
Sequoia’s new leaders raise about $7 billion for firm’s biggest bets
Sequoia Capital, a major venture capital firm, has secured about $7 billion for a new fund, according to a report by Bloomberg. This significant capital will fuel expansion into artificial intelligence startups like OpenAI and Anthropic. The fund also targets late-stage investments in the US and Europe.
Bank of England says it is testing AI risks to financial system
The Bank of England is actively assessing artificial intelligence risks to the financial system. They are conducting simulations and working with global partners to understand AI's impact on trading. This proactive approach aims to address potential market stress. Meanwhile, the Treasury Committee urges faster action on regulating critical AI and cloud firms.
Nvidia’s Jensen Huang admits he erred in not backing OpenAI, Anthropic early on
Nvidia CEO Jensen Huang admitted missing early investment opportunities with OpenAI and Anthropic, calling it his "miss" and a "mistake." He explained Nvidia wasn't positioned for the multi-billion-dollar investments these AI labs required then. Now, with Nvidia's stronger financial footing, the company has committed significant funding to both OpenAI and Anthropic.
Adobe releases AI assistant for creative tools, says it will work with Anthropic's Claude
Adobe has launched its new AI assistant, Firefly, which aims to assist creative professionals perform tasks within Adobe's photo, video, and digital content editing software. Firefly would be able to take instructions and autonomously use tools like Photoshop and Premiere Pro. This move aims to differentiate Adobe from competitors as AI lowers entry barriers for content creation.
Anthropic, Cursor backer Accel raises $5 billion for big AI bets
Venture capital firm Accel has raised $5 billion in new funds, with $4 billion dedicated to its fifth Leaders fund for late-stage AI startups. An additional $650 million will go to a sidecar fund for increased exposure to major investments.
SoftBank lenders ask more banks to join $40 billion OpenAI loan
SoftBank is seeking additional banks to join a $40 billion loan backing its OpenAI investment, a significant test of investor confidence in its AI strategy. This debt-fueled push, alongside over $30 billion already invested in OpenAI and its Arm Holdings stake, has raised concerns about SoftBank's liquidity and credit quality, prompting a negative outlook from S&P Global Ratings.
Ability to integrate AI into decision-making is fast becoming a critical performance indicator: Randstad Digital's Graig Paglieri
AI has become a core part of business strategy, with nearly 90% of technologists in India now expected to use it in their roles, according to Randstad Digital chief executive Graig Paglieri. Companies are embedding AI into daily operations and linking its use to measurable outcomes like productivity and cost efficiency.
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