CHEAPER AI MODELS
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.
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.
Meta launches Muse Ember, its most efficient AI model to handle repetitive tasks; know what it can do and here's how it works
Meta has said that Muse Ember is significantly cheaper than competitors like Haiku and Luna. Despite being designed as a lightweight execution model, Ember can process different types of information. Meta claims it supports text, images and audio. The objective is to make the AI agents faster and cheaper to operate.
AI power rush sends data centres hunting for used turbines and jet engines
Utilities and developers are increasingly looking for second-hand gas turbines as new equipment takes longer to produce. Orders for gas turbines are significantly outpacing manufacturing capacity and are projected to reach 129 gigawatts. The AI data centre boom is driving demand and leading to higher prices for gas turbine equipment.
Should Anthropic delay its IPO? Stock market turmoil raises questions over $1.5 trillion valuation as AI spending slows
Anthropic IPO: Anthropic's planned November IPO is facing uncertainty as Wall Street's technology sell-off and slower corporate AI spending raise questions about its $1.5 trillion valuation. Some investors are now discussing a figure closer to $1 trillion, leaving the Claude maker with a difficult decision about whether to proceed or wait for markets to stabilize.
Planning to buy smartphone? Prices to rise 30% soon, says Jefferies report
Smartphone prices could rise by nearly 30%, particularly in the budget segment, as surging demand for memory chips from AI companies pushes up manufacturing costs. A Jefferies report warns that higher component prices could force consumers to delay purchases, choose second-hand phones or spend more on expensive models. Global smartphone shipments are also expected to decline in 2026 and 2027.
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ETtech Explainer: Why Meta is raising billions through bonds
Developing AI models and offering AI-powered services requires enormous computing capacity. This involves building data centres, purchasing specialised chips and servers, expanding cloud infrastructure, and securing the electricity needed to run these facilities.
India leads on non-animal testing and its draft lab animal rules threaten to undo that
India's draft Prevention of Cruelty to Animals Rules 2026 proposes significant changes to animal research regulations and oversight. It allows for harsher experimental practices that could cause severe suffering to animals. Local committees would gain power to approve experiments without thorough central review, raising concerns about ethical standards. This shift contradicts the existing legal framework established by the Prevention of Cruelty to Animals Act 1960.
Fractal Analytics crosses $100 million in quarterly revenue, Q2 profit up 139%
Revenue from operations rose about 20% to Rs 957 crore from Rs 799 crore a year earlier, according to its stock exchange filing. Revenue was up 4.8% from Rs 913 crore in the June quarter.
Anthropic says revenue surged 1,100% ahead of IPO
Anthropic, one of the world's leading artificial intelligence companies, on Monday reported a more than 1,100 percent surge in quarterly revenue and nearly $900 billion in spending commitments as it counts down to its Wall Street listing later this month. The filing said the company has committed to spend about $895 billion, mostly on computing power, with $70 billion of that due before September 2027.
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
5 stocks with consistent score improvement and upside potential of up to 34% in 1 year, according to analysts
The recent uptick in the indices should not fool you. The market’s troubles have not gone away. So, be cautious, but don’t treat the whole market as one block. Some parts are worse off, some are holding up better, and some are simply carrying on as before. A falling market tends to paint them all with the same brush.
ITC, RIL, HDFC Bank among top laggards as Nifty falls over 12% in 2026: Time to buy beaten-down stocks or wait for a recovery?
In 2026, the Nifty 50 index faced significant drops, with 34 out of 50 stocks plummeting by as much as 34%. Analysts believe that the sell-off is driven by foreign institutional investor exits and a conservative outlook on earnings. This decline presents potential opportunities for long-term investors as valuations dip below historical norms.
Rivian says it's on track for $250 million Uber funding by year-end, R2 demand strong
The Uber funding and strong R2 sales are crucial to Rivian's push to narrow heavy losses and cash burn while it funds a bet on self-driving technology and leans on its joint venture with Volkswagen, which has become a major source of revenue.
Dean of valuation Aswath Damodaran pegs Anthropic's worth at $1.475 trillion ahead of mega IPO
Aswath Damodaran values Anthropic at $1.475 trillion ahead of its anticipated IPO, but warns that compute costs, slowing revenue growth, and competition could alter its outlook. His scenarios range from a negative $373 billion to $4.04 trillion in equity value.
Amid layoffs, Sam Altman has an advise for MBA grauates that can keep them employable for a longer period
OpenAI CEO Sam Altman has urged MBA graduates to explore new opportunities created by artificial intelligence instead of following outdated career trends. Amid layoffs and concerns over AI replacing jobs, he believes technological disruption could create opportunities for entrepreneurs and professionals willing to adapt.
India’s Arrakis problem: The price of what low-skilled workers know
Indian workers contribute valuable data for training AI systems, which is transforming how tasks are automated. As technology advances, low-cost labour is becoming a significant resource for AI development globally. Companies are increasingly relying on Indian workers for video data that demonstrates various physical tasks. This trend poses challenges regarding data ownership and the economic benefits for India.
OpenAI plans to buy Google's AI chips
OpenAI plans to buy Google's AI chips, The Information reported on Tuesday, citing a person familiar with the matter, as technology companies ramp up spending on data centers and semiconductors to meet surging demand for AI computing.
A missed call for China is a loud wake-up call for desi companies
Indian smartphone brands Lava and Ai+ are gaining market share as Chinese rivals retreat amid soaring memory chip prices and shrinking demand. Domestic brands captured 7% of shipments in the September quarter, their highest share in nearly eight years. Government incentives and India's manufacturing expansion offer a boost, but technology, distribution, after-sales service and customer loyalty remain critical to sustained growth.
China won’t stop its AI from going global, but it wants control over how it travels
Proposed rules from China have raised concerns that it could make it harder for its AI companies to take their models overseas, at a time when developers globally were turning to Chinese models as a cheaper alternative to US offerings.
Moonshot curbs hacking ability in new Kimi model as fears grow over AI-powered cyberattacks
Beijing-based Moonshot announced the curbs while introducing Kimi K3.1 Pro, which it describes as its most capable 3-trillion-parameter-class open-weight model. The company plans to publish the model's weights - files allowing outside developers to run and modify it on their own systems - by November 4.
More bugs out there: PHP2Shell is just the tip of the internet’s old-code iceberg
On Wednesday, critical vulnerabilities in PHP were publicly revealed, impacting a vast number of websites. The discovered flaws pose serious security risks, prompting urgent updates from website administrators. Many organizations swiftly shut down their services to mitigate potential breaches from the vulnerabilities. Experts emphasized the importance of identifying PHP versions and applying necessary patches immediately. They also recommended increased funding for PHP development to prevent future risks and ensure security.
IT companies likely to see 2-3% AI led deflation over the next 1-2 years
The rise of artificial intelligence is anticipated to contribute to ongoing revenue challenges within the IT services sector. Leading firms such as Tata Consultancy Services and Wipro have begun to adapt their revenue models. While some leaders believe AI-related growth may soon balance out traditional losses, worries about AI-induced deflation and reduced discretionary spending linger. Analysts suggest that these trends could persist until at least FY29 during contract renewals.
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk's SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink
Indian AI engineer builds 'world model', claims it's cheaper & faster than others
Sam Pasupalak, the visionary cofounder and CEO of Skyfall AI, has introduced an innovative AI model named SKY-001. This groundbreaking model is tailored for intricate engineering challenges, capable of analyzing real-world physical characteristics. Promising to outperform existing models like GPT-6 Astra, SKY-001 is notably faster and more cost-effective. It offers the ability to transform inputs into 3D assets, facilitating sequential design planning.
OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say
OpenAI is working swiftly to secure funds before Anthropic's anticipated public market debut in mid-November. The fundraising effort could place OpenAI's valuation over $1.4 trillion and attract significant investment. It aims to capitalize on recent revenue growth following the introduction of new models in the marketplace. Investors are currently evaluating both companies as they compete for overlapping funds and attention.
Online festive sales fizzle; Snowflake CEO on AI’s impact on software
Happy Monday! Festive ecommerce sales have slowed down this year, we tell you why. This and more in today’s ETtech Morning Dispatch.
Voice AI’s future lies in outcome-based pricing: Exotel’s Sachin Bhatia
Bhatia linked pressure on the per-minute pricing model to venture capital funding and a crowded market, where providers compete to offer increasingly cheaper services.
AI cost savings may be offset by rising verification expenses: Deutsche Bank
The report, titled "AI boom or doom: what will superintelligence feel like and when will we get there?", said that while AI has made it cheaper to produce information, research and analysis, checking the accuracy and reliability of its output could become more expensive.
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