GLOBAL HEALTHCARE AI NETWORK
YC-backed healthtech startup BioStack raises $9.5 million from Peak XV, DCVC, others
The Y Combinator-backed startup, which operates across India, the US, Brazil and Argentina, has access to more than 100 million de-identified patient records. It brings together fragmented clinical information, including medical scans, pathology reports, prescriptions, treatment histories and patient outcomes, to create complete patient records that can be used to train AI models.
India's daily multimodal AI use to nearly double to 43% by 2030: Ericsson report
Daily use of multimodal AI in India is expected to nearly double by 2030 from current levels. The report highlights a shift towards more frequent interactions with AI across various devices and locations. As usage increases, network traffic will become more upload-heavy, leading to demands for better network performance. Agentic AI is projected to rise significantly, with many users expecting enhancements in efficiency.
Tata Communications to plug Rs 4,350 crore in AI super highway
Tata Communications aims to invest Rs 4,350 crore to create 10,000 km of AI-ready connectivity infrastructure across India. The investment will enhance the existing network and add significant capacity to data-centre connectivity. The three-phase project development will focus on key growth corridors including Mumbai, Pune, and Chennai. Tata Communications will also expand its networks to connect various emerging data-centre ecosystems.
L&T Technology Services signs five-year deal with Nokia for R&D support in India
L&T Technology Services (LTTS) on Monday announced a five-year contract with Nokia to support its engineering and research and development (R&D) activities in India, according to an exchange filing.
India must bolster tech, economic resilience: Dean Grandy, KPMG's global head for government and public sector
India is encouraged to boost its domestic technology capabilities and economic resilience to face geopolitical tensions. Strengthening self-sufficiency in artificial intelligence and infrastructure is essential for national interests and security. Collaborative partnerships with like-minded governments are important for shared insights and investment opportunities. Developing independent AI regulations will safeguard India's data and business environment effectively. Addressing the emerging challenges in AI will be crucial as India's capabilities expand.
Goa Chamber of Commerce and Industry hails state's AI Policy 2026
In a statement, GCCI president Pratima Dhond said the Goa AI Mission 2026 represented an important step towards building a technology-led economy while leveraging the state's existing strengths in tourism, healthcare, environmental systems and creative industries.
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AI could unlock $2.52 trillion in annual global economic value: Report
Artificial intelligence is projected to generate $2.52 trillion in annual economic value globally through automation. However, increased deployment costs could reduce this potential by around 34 percent, leading to significant financial losses. Various sectors, including financial services and education, offer considerable economic benefits from AI applications. Companies are advised to evaluate the return on investment from AI technologies before committing resources.
UK government sets out $800 million for AI security funding
The biggest chunk of funding will go to a new biosecurity initiative, including £100 million for a laboratory using AI to detect biological threats and £65 million to develop countermeasures against pathogens.
Union Minister Piyush Goyal interacts with Indian diaspora in Germany, lauds contribution to 'Karmabhoomi'
Union Minister of Commerce and Industry Piyush Goyal held an insightful interaction with members of the Indian diaspora in Germany, lauding their invaluable contributions to their adopted homeland while calling upon them to actively participate in India's rapid economic growth journey.
US data centre spending seen more than doubling to $2.1 trillion by 2028, estimates BoFA
Global data centre spending is expected to reach $1 trillion in 2026 and more than double to $2.1 trillion by 2028, driven by rising demand for AI services, BofA Global Research estimates. The data centre market could reach $2.93 trillion by 2030 as AI fuels rapid infrastructure expansion.
ETtech Deals Digest: Even, Different lead as weekly funding hits $246 million, down 27% on-year
Even Healthcare led deal activity with $50 million, followed by Different at $48 million, Baba Care at $40 million, and AuxoAI at $20.7 million. General Catalyst was among the most active investors, backing Baba Care and Different. Blume Ventures invested in Hunar.AI and Harajuku, while Seedstars participated in rounds of Hunar.AI and Karta.
Data center spending to more than double to $2.1 trillion by 2028
Data center spending has been a fast-growing source of revenue for industrial firms that make generators, construction equipment, switchgears and chillers.
Polish PM Tusk seeks deeper tech, AI and space ties with India
During a recent meeting, Polish Prime Minister Donald Tusk called for strengthened collaboration with India, zeroing in on advancements in AI and space technology. He pointed out potential synergies in manufacturing automation and data analysis. Karnataka's Chief Minister DK Shivakumar invited Polish participation in the 2027 Global Investors Meet, stressing the importance of joint ventures in renewable energy and advanced manufacturing, given Bengaluru's pivotal role in tech innovation.
Jio’s mega public issue puts India’s AI companies in the spotlight; see who are the potential IPO candidates
The interest in India’s AI firms comes at a time when such companies are attracting increasing private investment and some are beginning to consider stock market listings. Jio itself is looking to target growth beyond telecom through AI, cloud, and satellite communications.
Tech Mahindra, SpaceXSI partner to accelerate AI-powered software engineering
The company said it will combine its global engineering, enterprise transformation and AI consulting capabilities with SpaceXSI's AI-powered development platform to help enterprises expand application modernisation, streamline software development and improve code quality.
Swiggy narrows loss in Q2; eMudhra cofounder on what went wrong
Happy Friday! Swiggy reported a rise in revenue in Q2 FY27 while cutting its losses. This and more in today’s ETtech Morning Dispatch.
Healthcare GCCs dangle hefty pay premiums to bridge AI talent gap
The premium reflects a widening gap between demand for specialised skills and the supply of professionals who possess them. Data, analytics and AI have just 1.6 professionals for every projected opening in India's healthcare GCCs, compared with 4.8 across roles overall.
GDHS 2026 to focus on implementing AI action
Scheduled for 20-21 November 2026, the Global Digital Health Summit will take place in New Delhi, highlighting the role of artificial intelligence in healthcare. A key feature, The CORTEX Test, will evaluate decision-making from AI, doctors, and collaborative methods.
Nvidia launches OpenShell Reference Architecture to contain AI agents
Nvidia said this architecture combines computing hardware, software and security tools to keep agents within defined boundaries aiming to address a part of the problem.
Poland to become second EU member of global healthcare AI network
Poland has announced its intent to join the HealthAI-led Global Regulatory Network, becoming just the second EU nation to do so after Portugal. This network includes numerous countries like Britain, India, and Brazil, which work together to ensure safe AI applications in healthcare. Members gain access to AI healthcare tools that have undergone regulatory review and benefit from a real-time system for reporting harmful incidents.
Global Market: Nokia Q3 profit beats estimates on AI demand, maintains 2026 outlook
Nokia reported stronger-than-expected third-quarter operating profit and revenue growth, driven by rising demand from AI and cloud customers. Order intake from these segments surged 118% year-on-year, while the company maintained its full-year financial outlook.
Healthtech startup Curebay raises Rs 100 crore funding led by IvyCap Ventures
The company will use the fresh capital to expand its footprint, strengthen its technology and artificial intelligence (AI) capabilities, and enter new markets, including Andhra Pradesh, Priyadarshi Mohapatra, cofounder and CEO Curebay, told ET.
From Continuous Data to Trusted Health Intelligence: What Abu Dhabi and India Can Learn From Each Other About Predictive Health?
Predictive health will depend not on how much data health systems collect, but on whether they can validate it, govern it responsibly, and translate it into earlier action.
India's listed AI market could gain USD 100 billion from IPOs over next 5 years: Goldman Sachs
India's artificial intelligence sector is poised to contribute between USD 50 billion and USD 100 billion from forthcoming IPOs. Goldman Sachs has pinpointed 84 private AI firms collectively valued at around USD 55 billion. The study forecasts that 25 to 50 percent of these enterprises could make their public debut within the next two to five years.
AI needs $760 billion in annual profit to justify $7 trillion infra investment by 2030: McKinsey
While new AI businesses, products and services will contribute to returns, a significant share of the value will need to come from companies redesigning their work processes and improving productivity.
Wipro GE HealthCare considering fifth India plant, plans to double exports
Wipro GE HealthCare is evaluating options for a new manufacturing facility in India to enhance operations. The company operates four plants and seeks to double global exports while focusing on local sales growth. A significant investment of Rs 8,000 crore is planned over five years to support this initiative. The domestic medical equipment market is projected to grow annually by 10-11%, creating opportunities for Wipro GE HealthCare.
Akash Ambani charts Jio’s next phase of growth with satellites, 6G and AI
Akash Ambani outlined Jio Platforms' future focus on satellite communications, pre-6G patents, and AI integration. The company is developing an indigenous satellite communications stack aimed at expanding home broadband services. Ambani revealed Jio's patent strategy aligns with India's goal of 10% global 6G patents originating domestically. Jio's AI initiatives seek to innovate and improve traditional voice and data services for Indian consumers.
How Byju’s parent funded Aakash rights issue; Zetwerk IPO fully subscribed
Happy Dussehra! Byju’s parent used money repaid by Great Learning to back Aakash’s rights issue. This and more in today’s ETtech Morning Dispatch.
Zetwerk IPO fully subscribed; Super.money triples revenues
Zetwerk’s Rs 5,012-crore IPO was subscribed 3.06 times on Monday, the last day for bids. This and more in today’s ETtech Top 5.
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