OPENAI ACQUISITIONS 2026
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.
OpenAI ranks India among top AI markets globally, highlights adoption gap
India is a global leader in AI usage, particularly in coding and complex problem-solving. However, AI adoption is heavily concentrated in a few major cities. OpenAI highlights a significant capability gap between these urban hubs and other regions.
Acquisition count rises: Inside OpenAI's major deals in 2026
The AI major’s half a dozen deals in the first quarter underscore its push to strengthen its position across enterprise software, developer tools, and consumer AI applications.
OpenAI acquires AI personal finance startup Hiro
Hiro Finance, backed by VC firm Ribbit as well as General Catalyst and Restive, was founded in 2023. The startup launched its AI-based financial planning tool roughly five months ago. It enabled AI-powered financial planning for consumers: users input their salary, debt, and monthly expenses, and the app would model various scenarios to guide financial decisions.
Nykaa eyes Deepika Padukone's 82°E; Wipro seals $1B deal
Nykaa is in talks with Deepika Padukone’s premium skincare brand 82°E to buy a majority stake. This and more in today's ETtech Top 5.
OpenAI CFO concerned over Sam Altman's 2026 IPO plans: The Information
OpenAI CFO Sarah Friar raised concerns about risks in Sam Altman’s plan to go public by late 2026 and heavy spending. She questioned readiness, rising costs for AI servers, and whether slowing revenue growth could support such large commitments, according to the report.
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Jio's IPO prep; Nazara Technologies' fresh bets
Reliance Industries has roped in 17 top banks for the planned Jio Platforms IPO. This and more in today's ETtech Top 5.
SpaceX could seek IPO valuation of over $1.75 trillion: Bloomberg
Elon Musk’s SpaceX plans a confidential initial public offering that could value the rocket and satellite firm above $1.75 trillion, Bloomberg reported. The filing may come in March, though timing could change. The report said a June IPO is likely, matching that schedule.
Singapore's Grab bets on AI, new services to triple profit by 2028
Grab has set goals for the next three years of growing revenue by more than 20% each year and tripling EBITDA to $1.5 billion in 2028 from last year's level, President and chief operating officer Alex Hungate said in an interview at the company's Singapore headquarters.
The new ‘desi’ power circle: rise of the next wave of Indian-origin leaders in Big Tech
The Silicon Valley leadership map is expanding beyond Sundar Pichai and Satya Nadella. A powerful set of Indian-origin CXOs is shaping strategy, scaling AI infrastructure, and running global operations at some of the world’s most influential tech companies, including OpenAI, Anthropic, Apple, Uber, and Tesla.
Big Tech's AI spending war; PB Fintech shelves QIP plan
Big Tech stocks tumble amid AI spending pledges despite strong quarterly earnings. This and more in today's ETtech Top 5.
SpaceX–xAI merger bets big on orbital AI, raises strategic questions for India
SpaceX’s acquisition of xAI creates a $1.25-tn AI–space powerhouse, betting on orbital computing. The merger reshapes global tech power, raising opportunities and strategic challenges for India.
PB Fintech's Q3 profit jumps; Budget's tech infra push
PB Fintech reported sharp growth in profits and revenue for the October-December quarter. This and more in today's ETtech Top 5.
Meta stock today surges over 9% after Meta earnings beat estimates and AI spending outlook boosts investor confidence
Meta stock price: Meta stock soared after a robust earnings report and a significant increase in planned spending for artificial intelligence. The company is heavily investing in AI and data centers, mirroring rivals. Despite some setbacks in its Reality Labs and AI model development, Meta is pushing forward. Regulatory challenges and competition from other tech giants remain key concerns.
French AI firm Mistral expects $1.2 billion in 2026 revenue
French generative artificial intelligence developer Mistral should top one billion euros ($1.2 billion) in revenue this year, chief executive Arthur Mensch said Thursday at the World Economic Forum in Davos.
OpenAI plans late-2026 launch of first AI hardware device, designed with Jony Ive: Will it survive where others struggled
OpenAI is set to launch its first consumer hardware device in late 2026, a significant move into AI hardware. Collaborating with former Apple design chief Jony Ive, the company aims for a seamless human-AI interaction beyond current devices. Details remain scarce, but it's expected to be a small, innovative, possibly screen-less companion device, leveraging deep AI and design expertise.
TCS, HCL Tech kick off IT earnings today: Why AI matters more than numbers
As TCS and HCL Tech report Q3 results, investor focus shifts from numbers to AI's impact. While traditional IT services face headwinds, AI adoption is expected to drive significant growth and business-accretive deals, potentially revitalizing the sector's trajectory through 2026 and beyond.
Big Tech’s AI shopping spree in 2025: Who bought what
This year's AI sector saw a surge in high-profile acquisitions, with companies prioritising talent acquisition through strategic moves like Google's Wiz acquisition and Meta's investment in Scale AI. OpenAI also made significant moves, acquiring io for $6.5 billion and Statsig for $1.1 billion, signaling a push into consumer hardware and application development.
2025 was just a trailer. The real AI show will begin in 2026
2026 will see AI agents manage workflows and humanoid robots enter factories. Search engines will become answer engines. Smart glasses will become common. Big tech companies will see major IPOs. AI will impact entry-level jobs, leading to societal shifts. Human-made content will gain value. India will become a voice-driven AI market with democratised compute access.
Anthropic plans an IPO as early as 2026: Report
An IPO would give the company a more efficient way to raise capital and provide leverage for bigger acquisitions through public stock. The move comes as AI adoption gains pace, driven by higher enterprise tech spending and growing investor appetite.
OpenAI IPO: Date, price, how to buy and all details
OpenAI ChatGPT IPO: OpenAI is reportedly preparing for a massive initial public offering, potentially valuing the company at up to $1 trillion. The AI giant may file with regulators as early as late 2026 or 2027, aiming to raise at least $60 billion. This move follows a restructuring and comes amid a booming AI market.
OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation
OpenAI is reportedly planning a massive initial public offering. The artificial intelligence company could be valued at up to one trillion dollars. Preparations are underway for a potential listing as early as late 2026 or 2027. This move follows a significant restructuring. The company aims to raise substantial capital for future AI infrastructure investments.
BlackRock, Nvidia-backed group strikes $40 billion data center deal to fuel AI boom
The deal underscores an intensifying race to expand the costly, supply-constrained infrastructure required to power artificial intelligence technology, as companies rush to build the most sophisticated AI models.
ABB to sell robots business to SoftBank in $5.38 billion deal
SoftBank Group is acquiring ABB's robotics business for $5.4 billion, marking a significant expansion into robotics for SoftBank founder Masayoshi Son. This deal sees ABB abandon its spin-off plans for the division, which has faced profitability challenges. The transaction is expected to close in mid-to-late 2026.
India's wealthy chase AI boom; AI impact on IT
Happy Tuesday! India's wealthy and their family offices are vying for stakes in unlisted technology giants. This and more in today's ETtech Morning Dispatch.
Siri gets smarter! Apple building AI search tool to rival OpenAI, Perplexity, may launch in Spring 2026
Apple is working on a new AI search tool called World Knowledge Answers. It will first come inside Siri and may arrive in spring 2026. The tool will compete with OpenAI and Perplexity. Apple also plans to bring it to Safari and Spotlight. This shows Apple’s big push in artificial intelligence.
OnePlus under scanner; Razorpay invests in Pop
The auditor of smartphone maker OnePlus Technology India has flagged issues with its bookkeeping processes. This and more in today’s ETtech Top 5.
AMD unveils AI server as OpenAI taps its newest chips
AMD has unveiled its upcoming MI400-based "Helios" AI server, set for 2026, to rival Nvidia’s dominance. CEO Lisa Su stressed open collaboration, with support from OpenAI, Meta, and xAI. Su was joined onstage by OpenAI's Sam Altman, who said his company is using AMD's MI300X and MI450 chips.
Looking forward to 'Open-io': Google CEO Sundar Pichai lauds OpenAI-Jony Ive collab
Sundar Pichai expressed excitement about the OpenAI-io collaboration to develop next-gen AI devices, anticipating innovative technology and hardware. OpenAI's acquisition of Ive's io for $6.4 billion signals a significant move, with Ive taking on creative roles across both entities.
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