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ShareChat hires creative directors as AI cuts microdrama costs by 40%: CTO Nitin Jain

Nitin Jain told the Economic Times Digital that AI has lowered the barrier to entry for creators, while the company's engineers now supervise AI-written code instead of writing it by hand.

Claude Fable 5.2, Claude Mythos 5.2: Anthropic unveils new AI models, check features, speed, price, release date

Claude Fable 5.2 targets coding, reasoning and AI agent tasks, while Claude Mythos 5.2 targets approved cybersecurity and life-sciences research applications.

Saregama plans Rs 1,200 crore content spend for FY28-FY30

Saregama India plans to invest around Rs 1,200 crore in new content over FY28-FY30, assuming annual budget increases of 10%. The company expects earlier music acquisitions to drive margin expansion, while maintaining 20-23% revenue CAGR guidance for its music business. It is also expanding subscriptions, artist management and live events.

Digital gains fail to offset TV ad slump, sports costs squeeze broadcasters

India's broadcasters continue to expand their digital and subscription businesses, which is not sufficient to offset declining ad revenues. The traditional television sector has been affected by decreasing pay-TV connections and a shift to digital advertising. Companies like JioStar, Zee Entertainment, and Sun TV Network reported mixed financial results amid these challenges. Subscription growth remained strong, but increased programming costs have impacted profitability significantly.

Equinix seeking land for India data centres: CEO

The world’s largest data centre operator by footprint, valued at nearly $100 billion, has invested $365 million in India and sees significant opportunities in AI inference, the process of using trained models to generate responses and run business applications. Such workloads require proximity to enterprise data, users and networks.

Apple's predictive text restrictions include 'Dictator Trump' and 'Sleepy Joe,' researcher finds

Canada launches free CRS calculator to help Express Entry candidates check new high-wage points

CanadaVisa has released a free online calculator for Express Entry candidates to determine their Comprehensive Ranking System (CRS) scores following the implementation of Canada's high-wage occupation changes, effective November 3, 2026. The updated calculator factors in points for qualifying high-wage Canadian work experience or job offers, alongside other CRS factors such as age, education, language skills and employment history.

A family office with $36 billion took on $160 billion of exposure, and its founder got 18 years in prison

Sung Kook 'Bill' Hwang received an 18-year prison sentence for his involvement in the Archegos Capital Management collapse. The firm’s failure resulted in over $10 billion in losses for major banks. Prosecutors previously sought a 21-year sentence and over $12 billion in financial penalties from Hwang. During sentencing, the judge compared Hwang's actions to those of Sam Bankman-Fried from FTX.

ShareChat’s FY26 revenue jumps 40% to Rs 1,016 crore on microdrama push; net loss widens

However, its loss before tax widened to Rs 1,978 crore in FY26 from Rs 1,105 crore in the previous year, largely due to higher accounting expenses related to its convertible debt instruments, forex losses and employee stock ownership plans (ESOPs), cofounder and CFO Manohar Singh Charan told ET.

Binance says North Korean hackers stole $6.34 billion funds in a technical breach

Binance reported a cyberattack attributed to North Korea that compromised $6.34 billion in digital assets. Approximately $2.85 billion of the affected assets have since been frozen or intercepted. The attackers utilized fake job interviews and advanced malware to breach Binance's security systems. Subsequently, the company took steps to replenish the lost assets and mitigate the damage caused.

Days before Washington DC power outage, US Department of Energy had issued warning

On Monday, a power outage hit the Foggy Bottom area of Washington DC, leaving over 1,100 residents in the dark. The incident was caused by a malfunction at a Pepco substation, impacting essential government services nearby. Emergency teams responded quickly to reports of smoke and a manhole explosion close to the World Bank. Traffic lights were down, causing significant disruptions until power was restored later in the afternoon.

India may reimpose broken rice export restrictions as prices cross $360 per tonne: IREF

India may reimpose restrictions on exports of 100% broken rice as international prices cross $360 per tonne and domestic demand from ethanol manufacturers and poultry-feed producers increases, the Indian Rice Exporters' Federation (IREF) has warned. No fresh curbs have been announced so far.

Sachin Tendulkar takes significant minority stake in Hitwicket maker Metasports Interactive

Sachin Tendulkar has acquired a minority stake in Metasports Interactive, the company behind Hitwicket. He will serve as the brand ambassador and a playable character in the game. Metasports aims for 100 million downloads in three years as it has 20 million currently. The game revenue has doubled in the past six months, with most revenue from in-app purchases.

From bikes to billions: Rapido’s gross order value quadruples in two years to $4 billion

The Bengaluru-based company is averaging around 8.3 million orders a day across its services, making it one of India’s largest consumer internet platforms by transaction volumes. Ride-hailing continues to comprise more than 95% of the company’s daily average orders.

OpenAI’s India user base doubles; Rapido GOV quadruples

Happy Tuesday! India has become ChatGPT’s largest market globally, with its user base doubling. This and more in today’s ETtech Morning Dispatch.

Grok bot users hit limits faster as Elon Musk warns of ‘unsustainably high’ AI agent costs: What happens next?

Grok Bot usage limits: Elon Musk says the cost of running Grok Bot has become unsustainable relative to its revenue as users report hitting weekly usage limits faster. Despite 800,000 paid weekly users, questions remain about the service's costs, pricing and future limits.

This startup is selling a Rs 94,835 mosquito trap that uses a powerful blue laser and sensors similar to those in self-driving cars to track and kill mosquitoes while detecting people, pets and nearby surfaces to prevent accidental firing

Photon Matrix has introduced a laser device that identifies and eliminates mosquitoes effectively. The products are priced at around $1,000 each, with a delivery estimate of 120 days. Both the indoor and outdoor models utilize advanced A.I. for mosquito detection and targeting. The system is designed to be safe for humans and pets, although independent safety testing is pending. This technology aims to revolutionize traditional mosquito control methods.

A Tate McRae song is fuelling a TikTok money trend, and creators are showing how far they've come

Tate McRae's latest single 'Housewife' has gained significant popularity on TikTok since its October release. Users are creating various videos that explore themes of money, relationships, and personal aspirations. The song's lyrics have inspired many, leading to diverse interpretations about traditional family roles versus independence. Critics question whether the TikTok trend aligns with the song's original message of personal choice.

Fuel, forex and farmers: Why India is betting big on maize

A grain that once fed chickens now fuels cars and, soon, planes. The harder question is whether Indian farms can keep up with the demand it has created.

In 1997, Sweden used copper-smelting slag beneath a road near Luleå; after 10 years, copper, nickel and zinc leaching had declined below recommended thresholds

A decade-long study in Sweden investigated the environmental effects of incorporating copper slag in road construction. The researchers observed a significant reduction in the leaching of metals like copper, nickel, and zinc over time. While initial tests indicated high metal concentrations in various materials, the findings imply that the environmental concerns related to these materials are primarily short-lived.

ETtech Deals Digest: Even Healthcare, Different lead October funding to $694 million, down 51% on-year

Even Healthcare led deal activity during the month with $50 million, followed by Different at $48 million, Boldfit at $41.5 million, Baba Care at $40 million and GreenCell Mobility at $34.5 million. Early-stage deals accounted for 61.9% of the capital raised during October, while late-stage transactions made up 19.4%. Seed-stage companies comprised the remaining 18.7%.

JioStar Q2 profit drops 13.2% to Rs 1,147 crore as margins contract

JioStar's net profit declined 13.2% year-on-year to Rs 1,147 crore in Q2 FY27, despite a 10.1% rise in operating revenue to Rs 6,806 crore. Operating EBITDA fell 10.5%, with margins contracting 600 basis points. JioHotstar averaged 440 million monthly active users, supported by growth in viewership and subscriptions.

Binance hacked? Tether, Circle freeze USD 2.38 billion, Ripple holds USD 200 million after world's largest cryptocurrency exchange probes security issue, claim reports

Binance.US, a separate cryptocurrency exchange, said it was not affected by the security incident.