AI TECHNOLOGY COMPETITION
US-China AI race could face financial setbacks, mass layoffs over next three years: Report
The report highlighted, the global artificial intelligence (AI) race is increasingly becoming a contest between China's state-led approach and the US market-driven model.
AI innovation in sports: Technology driving the next phase of sports development
Artificial intelligence is creating new opportunities across the sports ecosystem, from performance analysis and sports administration to technology development and wider participation. The ET AI Awards 2027 recognises organisations, technology providers and initiatives advancing the application of AI in sports through its AI Innovation in Sports category.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
India’s product landscape is changing: Which products are setting the benchmark across technology, finance, and consumer markets?
The ET Product of the Year Awards 2026 showcase India's rapidly growing product ecosystem by honoring groundbreaking innovations across diverse sectors such as enterprise technology, financial services, and consumer markets. These awards place emphasis on products that have made a significant market impact, gained customer adoption, and demonstrated exceptional innovation, motivating companies to present their tangible successes and contributions to the industry.
When AI starts operating machines, the network becomes industrial infrastructure
As manufacturing and automation expand together, networks built to serve billions of people will increasingly serve tens of billions of machines and AI agents as well. Treating those connections as industrial infrastructure, and planning them for that scale, will determine how well physical AI works once deployments move from individual use cases to whole industrial environments.
AI demand unlikely to be derailed by Nvidia CEO controversy: Taiwan supply chain executives
Global demand for artificial intelligence (AI) is expected to remain strong despite the controversy surrounding Nvidia Chief Executive Officer Jensen Huang, with Taiwan's semiconductor supply chain sources expecting limited long-term impact on the industry, according to a news report by Focus Taiwan.
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From streaming to software, microdrama startups rewrite their growth pitch
Peak XV Partners-backed Dashverse has discontinued its consumer platform DashReels and is looking to raise $30-40 million, largely for Frameo AI, its video production software for businesses. Eloelo, which raised $80 million this week led by Hornbill Capital and NBCUniversal, is investing in Dolphin AI, its new production suite, alongside content creation and international expansion.
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
China dismisses 'Chinese spy' narrative in Nvidia CEO Jensen Huang probe; calls it 'unsubstantiated'
Nvidia CEO Jensen Huang is being investigated for possible ties to a Chinese intelligence operation. China dismissed the claims as unsubstantiated during a recent foreign ministry briefing. The investigation follows allegations that Huang shared information with a suspected Chinese intelligence asset. Nvidia is working with an independent committee to assess the situation. The firm's board remains confident that national security and company secrets are not compromised.
Alice in Nvidia CEO's secret world: Jensen Huang's personal affair matters far beyond than what meets the eye
Concerns about national security have emerged regarding Nvidia CEO Jensen Huang and a Chinese businesswoman, Alice Huang. US intelligence suggests Alice may have gathered information for Beijing after forming a close relationship with Jensen. Nvidia's advanced processors play a crucial role in AI and military applications, making them strategically significant in US-China relations. Congressional inquiries are seeking clarity on Nvidia's security protocols regarding foreign espionage risks.
NSE rolls out direct-to-chip liquid cooling to scale AI computing capabilities; plans to scale GPU capacity beyond 80 this quarter
The NSE has deployed Direct-to-Chip Liquid Cooling technology at its on-premises data centre to support expanding AI infrastructure. The exchange plans to scale its GPU capacity to more than 80 units this quarter, with the cooling system designed to accommodate up to 224 GPUs across high-density racks.
Nvidia board probes whether CEO Jensen Huang was targeted in Chinese intelligence operation
Nvidia's board has launched an independent investigation into allegations that CEO Jensen Huang may have been targeted by a Chinese intelligence operation through former Megaspeed executive Alice Huang. The probe will assess potential exposure of confidential information and national security risks amid escalating US-China technology tensions. Nvidia says it has found no evidence of compromised secrets.
Nvidia CEO Jensen Huang's secret affair: Why did US intelligence suspect Alice Huang of spying for China?
Alice Huang, a Chinese entrepreneur, is under scrutiny for alleged connections to the Ministry of State Security in China. US intelligence suspects she could have obtained confidential insights about Nvidia's CEO, Jensen Huang, raising questions about her impact on Nvidia's chip sales. As a precaution, Nvidia's board has begun evaluating its relationship with Huang and her enterprise amidst growing concerns over China's tech ambitions.
Under attack, banks bolster cyber covers, opt for higher sum assured to protect against hits
For large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather than the immediate cost of the breach. Besides business interruption, ransomware, data theft, cyber extortion and third-party liabilities are among the key risks.
Donald Trump was reportedly briefed a year ago that a suspected Chinese spy was close to Nvidia's CEO, but why was Jensen Huang never told?
According to media reports, US intelligence believes Alice Huang was recruited by China's Ministry of State Security (MSS). Alice had developed a close professional relationship with Jensen through her work in the AI and data centre industry. Their alleged relationship attracted intelligence attention because Nvidia's technology is central to the US-China competition over artificial intelligence.
Companies need to overhaul cybersecurity as AI accelerates vulnerability attacks: Report
Companies will need to fundamentally overhaul their cybersecurity strategies and increase investments in automated threat detection and vulnerability management as frontier artificial intelligence (AI) makes it easier for cyberattackers to identify and exploit software weaknesses, according to a McKinsey report.
AvenuesAI Q2 revenue jumps 47% as AI-first fintech transformation gathers momentum
AvenuesAI reported a steady set of second-quarter FY27 numbers, with the company continuing to build momentum behind its broader transformation from a payments gateway-led business into an AI-first financial technology infrastructure platform.
TSM stock rallies as Nvidia reportedly turns to TSMC for advanced memory chips - can it challenge Samsung, Micron and SK Hynix?
TSM stock today: TSMC stock climbed more than 6% in early trading Friday after a report said the chipmaker is considering manufacturing advanced 3D DRAM chips at Nvidia's request. The potential move could expand TSMC's role in the AI hardware market as memory shortages increase competition among leading chipmakers.
China blocks SoftBank's $5.4 billion acquisition of ABB Robotics
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, disrupting the Japanese group’s AI-powered robotics expansion. The intervention highlights Beijing’s growing scrutiny of cross-border deals involving strategically important technologies.
ING puts $500 million of data center loans up for sale
This includes a $25 million loan tied to a large New Mexico data center that forms part of the Stargate artificial intelligence infrastructure venture backed by OpenAI, SoftBank Group and Oracle, the report said.
Was Michael Burry right about the AI bubble? Wall Street loses $2 trillion as AI and chip stocks plunge: Why are Tesla, Palantir, AMD, Broadcom and SanDisk crashing?
Michael Burry's warning about an AI bubble is back in focus as Wall Street loses more than $2 trillion in market value. On Thursday, November 5, AMD shares plunged around 12%, SanDisk fell 14%, Micron dropped 10%, while Nvidia lost nearly 7%. Tesla and Palantir also fell 9% and 8%, respectively. The sell-off spread across chipmakers, memory companies and AI infrastructure stocks. The Dow fell 2.36%, the S&P 500 dropped 3.11%, and the Nasdaq sank 4.20%, as investors questioned whether massive AI investments can deliver enough returns.
AI will level the playing field for SMBs competing with larger businesses: Oracle NetSuite’s Amit Suxena
Suxena said that a massive technological revolution is underway and these are exciting times for new businesses, start-ups, and companies looking to expand.
Sam Altman becomes Ram Altman: OpenAI CEO accepts suggestion, changes display name on X
OpenAI CEO Sam Altman has changed his display name on X to "Ram Altman" after facing online criticism over his remarks about the use of Random Access Memory (RAM) in personal computers. The controversy started after his appearance on the Cheeky Pint podcast, where he questioned whether allocating large amounts of memory to individual desktop and laptop users was an efficient use of limited global supplies.
L&T Finance Pitch Point 2.0: Where an AI startup’s big idea meets enterprise scale
Pitch Point, L&T Finance’s contest for AI startups, is back for a second edition. Last year’s winners, Arrowhead AI and SpoofSense, talk about what they got out of it and what they would tell this year’s new applicants.
India’s IT sector needs a new talent architecture
Growing demand for AI-related services is challenging providers, as they struggle to generate significant revenue. Companies must redesign their workforce models to capture opportunities in an AI-driven market. Existing talent architectures focus on old skill sets and hierarchies, which are becoming less relevant. Investing in specialized roles and capabilities will better align with the new market demands.
US tech giants' AI borrowing could push up Europe's bond yields
Rising AI infrastructure investments are driving US technology giants to tap European bond markets, potentially increasing borrowing costs. Alphabet, Meta, Amazon and Microsoft are expected to boost debt issuance, intensifying competition for investor capital and putting pressure on corporate credit spreads and European government bond yields.
Why are Marvell and Lumentum share prices down over $115 billion acquisition?
Marvell and Lumentum shares have dropped after Marvell announced that it will be acquiring Lumentum in a $115 billion all stock deal. Marvell will be able to expand its AI data centre and optical networking technologies after the acquisition. The acquisition will help Marvell compete with Broadcom successfully. The investors are now looking at the cost of the acquisition, debt, dilution and integration risks.
India’s small companies need to see AI as more than an artificial promise
India MSME news: India's micro, small and medium enterprises are exploring the adoption of artificial intelligence to enhance productivity. AI is expected to generate significant economic value for these enterprises in manufacturing and services sectors. Various challenges remain regarding the integration of AI into existing workflows and overcoming cost barriers. Collaborative efforts among industry bodies, technology providers, and the government are essential for facilitating this transition.
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