GLOBAL AI TRACKER
Deepinder Goyal's Rs 85,000 Temple wearable faces scientific credibility test as doctors question claims
Deepinder Goyal has introduced a pricey forehead-worn device called Temple which monitors physiological signals. The product claims to measure brain blood flow and offers insights into ageing. However, medical professionals dispute its claims and question the scientific validation behind its technologies. Goyal defends Temple by citing internal studies and a commitment to future peer-reviewed research. The device is currently not available to the public, with pre-orders starting in India.
Coders out, VCs in: Investors bet billions on AI-first services
The AI-native services firms’ promise of high margins and rapid growth with fewer people has attracted the interest of VC firms. If Distyl AI raised $175 million at a $1.8 billion valuation a year ago, Wonderful raised $550 million at a $5 billion valuation in September.
Qualcomm job cuts in November: How many employees could lose their jobs and when will it be announced?
Qualcomm is set to implement further layoffs in November, as indicated by a memo from CEO Cristiano Amon. This decision, expected to impact 3% to 6% of the workforce in India and similar proportions worldwide, aims to boost performance and tackle unmet expectations. Amid challenges in the consumer electronics sector, the company is shifting focus towards expansion in data centers and AI technologies for stronger business diversification.
US AI infra demand driving Zetwerk’s order book growth: CEO Amrit Acharya
Acharya added that the perception that India has been missing from the AI infrastructure supply chain had weighed on sentiment towards the country in recent months.
Zetwerk IPO eyes big returns; Flipkart alumni seek Esop buyback
Zetwerk’s early investors are poised for big gains as the platform prepares to go public. This and more in today’s ETtech Top 5.
Have Money, Will Buy! Festive online sales off to fine 'premium' start
During the festive season, demand for premium goods has seen significant growth on e-commerce platforms. Sales have increased by 40% compared to last year, driven by consumers upgrading their purchases. Quick-commerce platforms have also experienced higher transaction values, particularly in urban areas. While mass-market demand has softened due to rising prices, premium products continue to perform well.
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Ahead of Market: 10 things that will decide D-Street action on Monday
Sensex and Nifty snapped their eight-week losing streak on Friday, surging over 1% as IT stocks rallied and crude prices eased. The rebound added more than Rs 4 lakh crore to BSE-listed companies’ market capitalisation, while positive market breadth favoured bulls.
Air India Delhi-Riyadh flight turns back midway as Houthi attacks hit Saudi airports, all Riyadh flights halt till October 10
Air India flight AI2243 took off from Delhi towards Riyadh but turned around during its journey due to safety concerns. This decision came after Houthi attacks on airports in Saudi Arabia intensified. As a precaution, Air India and Air India Express announced the suspension of all operations to and from Riyadh. The suspension will remain in effect until October 10, 2026, affecting numerous travelers.
AI drives global goods trade facing Trump tariffs, war headwinds
Global goods trade is projected to grow significantly this year, driven primarily by demand for artificial intelligence products. Despite tariffs and geopolitical tensions, merchandise trade growth is expected to reach 4.6% this year. The DHL-Stern report indicates a positive outlook, as many economies adapt to a changing trade landscape.
FIIs dump telecom for 8th straight month, outflows cross Rs 32,000 crore. Are stocks set for rebound?
Foreign portfolio investors have dumped Indian telecom stocks for the eighth consecutive month, pulling out over Rs 32,000 crore in CY26. Heavy 5G capex, delayed tariff hikes, and legal dues weigh on cash flows, leaving market participants questioning if a stock rebound is near.
India’s smartphone business may have lost an old festive-season weapon
India's smartphone market faces challenges this festive season as rising memory costs lead to higher device prices. Major brands are already raising prices across various models due to component cost pressures. This situation is expected to drive more consumers towards financing options to afford new smartphones. Retailers are preparing by offering exchange offers and banking partnerships to enhance sales.
This stock just beat AI star HFCL’s 230% rally to top Nifty 500 gainers in 2026. Can outperformance last?
Welspun Corp has emerged as the top-performing Nifty 500 stock in 2026 after a 236% rally, overtaking AI infrastructure play HFCL. The sharp gains have been driven by strong investor interest in the company’s oil, gas and water transmission business. The key question now is whether the rally can sustain.
2026’s Best IPO: 325% gain in 7 sessions and now a third consecutive 5% lower circuit. What’s next for investors?
ESDS Software Solutions has surged 325% in seven sessions after listing at a 76% premium, but the rally is now losing steam as the stock hits a third consecutive 5% lower circuit. With valuations stretched, analysts advise fresh investors to avoid chasing the stock and existing holders to consider partial profit booking.
52% of Indian GCCs plan to increase hiring in FY27, up from 47% last year: Survey
More than half of Global Capability Centres in India plan increased hiring next fiscal year. Hiring confidence has improved from the previous year's survey results. Companies face challenges finding quality talent and managing compensation increases. About 1.5 lakh new roles are projected to be generated in the coming fiscal year. Demand for artificial intelligence-related skills is also significantly shifting recruitment focus.
AI researcher buys Rs 670 crore California mansion with nine-hole golf course after just 6 years of service
AI researcher Tony Yuhuai Wu has reportedly bought a Rs 670 crore mansion in California after six years in the AI industry. The 12-acre Villa de Verano estate features six bedrooms, a nine-hole golf course, a 150-seat outdoor amphitheatre and a 2,100-gallon saltwater aquarium.
Why are ChatGPT and Codex down today? Users say Codex is not giving status, ChatGPT not loading past chats
ChatGPT down reason: OpenAI's popular AI chatbot, ChatGPT, is currently facing a massive global outage. Users in India and the United States are reporting issues. The AI platform is showing errors, refusing to respond, and failing to load past chats. Millions of users worldwide are affected. OpenAI has not yet confirmed the reason for the widespread disruption.
India hiring rises 15 pc in Dec; signalling shift to measured expansion: Report
Hiring activity in India surged 15% year-on-year and 5% sequentially in December 2025, signaling a move from cautious recovery to measured expansion. Artificial intelligence emerged as the dominant hiring force, with AI-linked roles projected to grow 32% in 2026, positioning India as a global talent powerhouse.
Chips are down for handset companies amid AI boom
Smartphone companies are grappling with a shortage of essential parts like memory chips. This is driven by booming demand for AI hardware, which is diverting supplier capacity. A weaker rupee also complicates sourcing. Consequently, some brands are increasing handset prices, particularly for entry-level models.
Smart glasses market surges 110% in H1 2025, with new Meta, Xiaomi launches
Global smart glasses shipments surged by 110% YoY in the first half of 2025, fueled by Ray-Ban Meta's success and the rise of AI-powered models, which now constitute 78% of the market. Xiaomi and TCL-RayNeo are among the new entrants driving competition, with the market expected to maintain a CAGR of over 60% between 2024 and 2029.
US embeds trackers in AI chip shipments to catch diversions to China, sources say
U.S. authorities are secretly embedding location tracking devices in shipments of advanced AI chips bound for China to combat illegal diversion, a tactic revealed by sources familiar with the operations. These measures, targeting specific shipments under investigation, aim to enforce export restrictions and build cases against violators.
Big breather for Indian cloud, data companies as US scraps Biden-era AI chip curbs
The US scrapped a proposed AI export control rule, easing pressure on Indian cloud firms who feared chip import limits. While bans on Huawei Ascend chips have little impact in India, new tracking mandates for US chips raise enforcement challenges. Industry leaders stress the need for India’s AI self-reliance amid rising compute demand and data sovereignty concerns.
AI, cloud modernisation, GCCs drive IT hiring 16% up in April: Report
India's IT sector experienced a 16% year-on-year hiring surge in April, fueled by AI adoption, cloud modernisation, and GCC expansion. Skill-based hiring dominates, with AI/ML, cloud computing, and cybersecurity being top domains. Coimbatore, Ahmedabad, and Baroda saw remarkable growth, while metro hubs lead in leadership and specialist roles.
ET@ Davos 2025: India among top 5 global investment destinations, says PWC’S Global CEO Survey
Indian CEOs also appeared more upbeat compared to their global counterparts as per the survey that polled 4,700 CEOs across 109 countries, of which more than 75 were from India. According to the survey, 87% of India CEOs remain optimistic about the country's growth, far outpacing the global average of 57%. Also, 74% of India CEOs expressed confidence in their companies' revenue growth over the next three years, driven by a combination of strong economic fundamentals, ease of doing business and India's young and skilled workforce.
AI-driven health and aerospace solutions bag top honours at Hyderabad hackathon
The DevSquad’s app promises personalised solutions through AI-powered chatbots, facial expression recognition, and fitness tracker integration.
Chinese AI market optimistic despite scrutiny from west
The generative AI sector in China has experienced significant expansion, as reported by the United Nations, which notes China has become the leading applicant for patents in AI software, creating a wide range of outputs from illustrations to computer code. However, OpenAI has accused China of using its language models to create content aimed at influencing social media sentiment.
AI PC demand to pick up from 2025 once use cases emerge
The demand for AI laptops and desktops in India is projected to increase in 2025 as use-cases solidify and people integrate AI into regular workflows, according to industry experts.
OnePlus, Oppo, Xiaomi and other top Chinese smartphone brands are testing GenAI waters on their flagship devices
"By collaborating with Google to integrate both Gemini and Google Cloud AI into smartphones, and by forming alliances with other industry pioneers for a variety of AI experiences, we are thrilled to ambitiously broaden the scope of mobile AI innovations," said Nicole Zhang, general manager of AI product for OPPO and OnePlus.
IIT-incubated startup SustLabs aims for $100 million ARR in next five years
SustLabs, founded by Kaushik Bose and Soumya Bhattacharya in 2016, provides an AI stack which makes energy meters smart which can sense and prevent potential electrical hazards.
Premium smartphones with next-generation AI capabilities may cost more, says report
Premium smartphones with next-generation AI capabilities may cost more due to the components required to leverage the use of multi-modal generative AI models. These devices are expected to pack more RAM, sport more powerful processors, and include better screens and cameras. They will also feature neural processing units and the cost of DRAM is increasing.
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