ET AI CONCLAVE 2025
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.
Semiconductor design, AI to drive India’s next innovation wave: Founders Forum CEO
Founders Forum CEO Carolyn Dawson highlights India's potential to become a global tech anchor by building connective tissue with innovation hubs. She emphasizes the need for late-stage capital and a global mindset for Indian startups to scale internationally, with AI and semiconductor design poised to drive future trade.
Razorpay eyes IPO; Sarvam's $1.5 billion leap
Happy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
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.
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.
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.
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The lobster is loose, and it’s not going back: Peter Steinberger on building OpenClaw at TED 2026
Steinberger said OpenClaw is being adopted not just by engineers but also by entrepreneurs and individuals with no formal programming background. He added that the release of OpenClaw followed a prolonged period of uncertainty marked by travel and even relocation to two countries.
Cognizant CEO’s 2025 realised pay increases 30% to $10.7 million
Cognizant Technology Solutions chief executive Ravi Kumar S took home $10.7 million in realised compensation in 2025, a more than 30% increase compared with $8.2 million in 2024, according to the company’s filings with the US Securities and Exchange Commission.
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.
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.
ET Most Innovative AI Product Awards 2026: what it is, why it matters and who it is for
As India’s AI ecosystem moves from experimentation to execution, the need to recognise real, measurable innovation has become critical. The ET Most Innovative AI Product Awards 2026 is designed to evaluate AI products based on architecture, deployment, and business impact across startups, SMEs, and enterprises. Here is a clear breakdown of what the programme stands for and why it matters now.
Indian digital ad market likely to double to USD 22 bn by 2030: Report
India's digital advertising market is set for significant growth. Projections indicate it will double in five years, reaching up to 22 billion US dollars by 2030. This expansion outpaces the broader economy. Mobile advertising will continue to dominate. The future of advertising will focus on privacy, AI, and data. Companies that adapt will lead the way.
ET Family Business Awards: Adding AI-care to the practice of good health
Apollo Hospitals, India's largest healthcare network, is strategically embracing technology-led healthcare, focusing on digital integration, AI, and genomics. Driven by preventive care and evolving disease burdens, the company aims for tangible improvements in patient outcomes and extended care beyond hospitals. This shift is shaped by distinct patient cohorts and a commitment to innovation with purpose.
Pocket FM hits $450 million ARR in April after accelerating AI-led content creation
Pocket FM hits $200 million ARR after six years of operations in Q4 of FY25, and it achieved about $400 million ARR in Q4 of FY26. Currently, the platform has over 300,000 creators producing more than 80,000 hours of content monthly.
Meta poaches another founding member from Mira Murati’s Thinking Machines Lab
Meta has recruited Joshua Gross, a founding member of Mira Murati's AI startup, Thinking Machines Lab. Gross joins Meta's engineering leadership team, marking the fifth founding member to depart the startup recently. This follows other high-profile departures to companies like OpenAI and Meta itself.
Google blocks over 483 million bad ads, suspends 1.7 million accounts in India in 2025
Google took strong action against bad ads in India during 2025. The company blocked over 483 million ads and suspended 1.7 million advertiser accounts. Globally, more than 8.3 billion ads were removed. Google's AI, Gemini, significantly improved its ability to detect and stop deceptive advertising in real-time. This technology helped process user reports four times faster than the previous year.
0.4 million new employees availed fiscal benefit under PMVBRY
The Pradhan Mantri Viksit Bharat Rozgar Yojana has provided incentives to over 440,000 new employees. The government has disbursed ₹465 crore for sustained employment. However, global conflicts may slow down formal job creation. The scheme aims to create 35 million jobs by July 2027. Current progress is one-tenth of the initial quarterly target.
Wipro bags Alpha Net client contracts in $71-million deal
The acquisition will give Wipro access to a set of key clients, customer contracts and related employees from Alpha Net Group. The deal also includes deferred earnout-linked payments tied to performance conditions and is expected to close by June 30, 2026.
Ola's AI smart assistant 'Kruti' goes dark across app platforms
While 'Kruti' was not accessible via its direct website, kruti.ai, which showed a "site not found" error, users accessing it through Olakrutrim.com/kruti saw a message stating the site was under maintenance and would be back shortly.
Industrial AI startup Intellithink raises Rs 17 crore in round led by Pentathlon Ventures
Anicut Capital and Veltis Capital participated in the round. The Bengaluru-based industrial AI startup serves over 50 enterprises, including Jindal Steel, Jindal Stainless, JSW Steel, ArcelorMittal Nippon Steel, Adani, Ultratech, Dalmia, Ducab, and L&T, and is expanding in international markets. The fresh funds will primarily be used to expand its footprint across India and the GCC.
EU rejects Meta's pay-for-access remedy in WhatsApp AI chatbots probe
The EU told Meta Wednesday that charging rival AI chatbots for access to its WhatsApp platform runs against the bloc's antitrust rules, rebuffing the measure taken by the US giant in response to a probe. Meta started charging a fee as redress in March after an EU probe found it had "effectively" barred third-party artificial intelligence assistants from the messaging platform - in breach of competition rules.
ET Women Conclave 2026 spotlights leadership, reinvention, and powerful conversations
The ET Women Conclave 2026, presented by Dalcore Projects Pvt. Ltd., convened leaders and changemakers at Grand Hyatt Gurgaon to celebrate women driving impact. Discussions spanned purpose, leadership, reinvention, and mental toughness, featuring insights from prominent figures across various sectors. The event highlighted evolving aspirations and inclusive growth in India's leadership landscape.
India accounts for 15% of GitHub’s global user base, with 27 million developers on the platform
Kyle Daigle, COO of GitHub, said in a post on X that India now accounts for one in seven new developers globally. India now makes up over 15% of GitHub’s global user base of over 180 million developers.
Beyond KYC: Why digital trust needs real-time intelligence
Ashok Hariharan of IDfy argues that digital trust must evolve beyond one-time KYC to continuous, intelligence-led risk assessment across the customer lifecycle.
ET AI Most Innovative AI Product Awards 2026: Startups, SMEs, Enterprises: Where does your product fit?
As the ET AI Most Innovative AI Product Awards 2026 approaches this June, companies across India are preparing to showcase their AI products. With three distinct tracks, startups, SMEs, and enterprises, the framework ensures that every product is evaluated in the right context, making it easier to identify where you belong and how you stand out.
Consumer company CTOs want engineers who can think, not just code
New-age companies are prioritizing senior engineers with creativity, curiosity, and ownership as they become AI-first. Hiring for engineering roles has surged, with a focus on system thinking and AI collaboration. Companies are shifting technology from a support function to a core business driver, demanding engineers engage with customers and co-own product outcomes.
AI startup Nava raises $22 million in round led by Greenoaks Capital
RTP Global and Unicorn India Ventures participated in the round. The company will use the fresh capital to expand its GPU compute and AI data centre capabilities and hire talent. Nava, which is expanding beyond its earlier software-led GPU cloud offering to a vertically integrated model, aims to target enterprises building AI models and applications, offering infrastructure through models such as GPU-as-a-service and bare-metal compute.
Flipkart expands Hemant Badri’s role to drive AI agenda
Flipkart is appointing Hemant Badri to lead its AI initiatives, focusing on identifying and operationalising AI uses across the company. This strategic move, in partnership with CPTO Balaji Thiagarajan, aims to integrate AI into customer experience, seller tools, and internal productivity as the e-commerce landscape rapidly evolves.
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