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Decoded: Will AI agents outlast the hype?
Krish Ramineni, founder of AI note-taking company Fireflies.ai, said consumers were experimenting with applications ranging from shopping and price comparisons to booking flights and hotels, making restaurant reservations, managing bills and subscriptions, and seeking refunds.
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.
When my AI bargains with your AI: The next great bazaar may be where our agents haggle for milliseconds
AI agents are evolving from simple task execution to negotiating on behalf of users in commerce. These agents can analyze data efficiently, enabling faster negotiations and potentially better deals. Businesses are already preparing for AI-to-AI negotiations, which may reshape the landscape of commerce. While this could benefit consumers, it may also create disparities based on the sophistication of agents.
Satya Nadella reinvented Microsoft with the cloud - now, can his AI strategy make it more valuable than Apple by 2027
Microsoft, under CEO Satya Nadella, is aiming to strengthen its AI growth story amidst rising competition. The company is moving from fixed subscription pricing to usage-based billing to better align with AI economics. While Microsoft's Copilot has gained users, its adoption is still below expectations compared to Office 365.
Ambani pulls off a blockbuster: Jio IPO makes 13 records, rewrites Dalal Street history
Jio Platforms celebrated a remarkable achievement with its IPO, raising Rs 30,188 crore and drawing an unprecedented wave of investor interest. Over 1.38 crore applications poured in, breaking previous records for both institutional bids and public participation in Indian IPOs. The shares were issued solely as new equity, reinforcing the strong appeal and confidence in the Indian market offerings.
Jio IPO breaks multiple records: From fundraising to investor demand, how the mega issue rewrote India’s IPO history
The issue set records across fundraising, anchor investor demand and applications, while attracting the highest qualified institutional buyer (QIB) subscription among India’s five largest IPOs. It was fully subscribed within 100 minutes of opening and received nearly 1.4 crore applications, according to figures compiled for the issue.
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Claude duet app launches in US: Anthropic’s new AI agent can work while you are asleep and tell you what needs attention
Anthropic has launched the Claude Duet app, designed to be a reliable assistant for professionals and small-business owners. This innovative tool offers scheduling meetings and drafting forecasts. Currently, access is exclusive to Claude Pro and Max subscribers in the US, ensuring that sensitive information remains secure through rigorous safety protocols.
From Dhirubhai to Akash Ambani, Reliance made stocks popular with Indians
Jio Platforms’ IPO is putting the Ambani family’s relationship with India’s retail investors on a new footing, almost five decades after Dhirubhai Ambani took Reliance Textile Industries public in 1977. The Rs 30,213-crore issue was fully subscribed within two hours of opening, but Jio’s long-term success as a listed company will depend on whether it can turn its massive telecom and digital reach into sustained earnings growth and investor returns.
Rs 30,213 crore, 100 minutes, Rs 2.5 lakh crore: How Jio IPO broke 3 records even before listing
Reliance Industries’ Jio Platforms has set new IPO records, with its Rs 30,213 crore issue becoming India’s largest-ever public offering and getting fully subscribed within 100 minutes of opening. The IPO surpasses Hyundai Motor India’s Rs 27,870 crore issue in 2024. At the upper end of its Rs 1,065–1,119 price band, Jio Platforms is valued at around Rs 10.3 lakh crore. The issue closes on October 23.
Jio IPO beyond telecom: Why the Ambanis are pitching AI, cloud and 7,220 patents as Jio’s tech future
Jio Platforms ₹30,213 crore IPO marks a significant shift toward technology-driven digital services. With a focus on leveraging its connectivity through AI and cloud technologies, the company is also highlighting its extensive patent holdings. While Reliance Jio Infocomm continues to generate substantial revenue, the company aspires to broaden its reach into enterprise solutions and diverse digital products.
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.
Mega Jio Platforms IPO to lead Rs 31,663 crore offerings this week; 9 listings lined up
India’s primary market is set for a busy week, led by Reliance Jio Platforms’ Rs 30,213 crore IPO and Paras Healthcare’s Rs 1,450 crore issue. Both IPOs open on October 21. Nine companies are also scheduled to list, including six on the mainboard and three on SME platforms.
Will Ambani's all-fresh Jio sale prove to be a masterstroke for investors?
Reliance Jio is set to roll out an ambitious Rs 30,213 crore IPO featuring solely new equity shares, not existing ones. In light of mixed results from recent Indian IPOs, this move aims to cut down Jio's debt while bolstering its financial standing. The company's IPO, valued at Rs 10.
Reliance Jio files RHP, announces IPO dates for India's biggest listing
Jio IPO: Reliance Jio has filed its red herring prospectus for an October 21-23 IPO, set to be India’s biggest public issue. The offering comprises 27 crore fresh shares, with reservations for Reliance Industries shareholders and employees. The company plans to use most of the proceeds to repay borrowings, while investors assess its valuation.
October 13 or 14? What was the deadline to buy RIL shares for Jio IPO reservation?
Reliance Industries shareholders had to buy shares by October 13 to qualify for Jio Platforms’ Rs 2,500 crore shareholder quota. The IPO opens October 21, with shares priced at Rs 1,065-1,119 and listing expected October 28.
Reliance Jio IPO at Rs 10 lakh crore valuation: What analysts see in the price band
Reliance Jio has announced its IPO price range, setting it between Rs 1,065 and Rs 1,119 per share. With a massive valuation of around Rs 10.3 lakh crore, this IPO stands as the largest in Indian history. While analysts believe the valuation is reasonable, they warn that anticipated growth may already be priced in.
Xbox’s new Nano controller signals a shift beyond the traditional console as Microsoft targets gaming across devices
Microsoft has launched the Xbox Nano Controller, which aims to enhance accessibility across various gaming devices. The compact controller is designed for younger players and portability, measuring just over five inches. In addition, Microsoft is partnering with television manufacturers to enable cloud gaming on supported devices. This strategic shift focuses on making Xbox games accessible beyond dedicated consoles through various other platforms.
Jio IPO to open on October 21: 10 things to know about the Rs 30,000 crore mega issue
Jio Platforms will open its Rs 30,000 crore IPO for subscription on October 21, with anchor investor bidding scheduled for October 19. The issue could become India’s largest-ever public offering, surpassing Hyundai Motor India’s record IPO. Here are 10 key details on issue size, dates, shareholder quota, financials and valuation.
Diwali offer for RIL shareholders! Reliance Jio sets aside Rs 2,500 crore shares in IPO reservation
Reliance Jio has reserved up to Rs 2,500 crore worth of shares for eligible Reliance Industries shareholders in its upcoming IPO. The quota offers RIL investors a direct route to apply for Jio Platforms shares. The IPO opens on October 21, with anchor investor bidding starting October 19.
Exclusive | Countdown begins for the mother of all IPOs: Jio likely to file RHP today for record Rs 30,000 crore issue
Jio Platforms is set to file its RHP for a potential Rs 30,000-crore IPO, which could become India’s largest-ever share sale. The Reliance Industries subsidiary is expected to open the issue for subscription from October 21 to 23. The IPO may value Jio at up to Rs 10.3 lakh crore, with a likely price band of Rs 1,065–1,119 per share. Existing investors are not expected to sell their stakes.
The rise of AI personal assistants and the battle for users' trust
Meta Connect recently unveiled Muse Charm, which serves as a personal AI assistant for users. This device can interact with emails, calendars, and other services to streamline life tasks. It represents a shift from traditional devices to persistent AI help that anticipates users' needs. While user trust and privacy concerns persist, tech companies are racing to develop autonomous agents. The future may see these assistants represented in various hardware forms.
USA Today vs OpenAI: Key questions over ChatGPT training data, news copyright and whether publishers should be paid for their work
USA Today Co has initiated a lawsuit against OpenAI over alleged unauthorized use of its copyrighted articles. The complaint claims OpenAI used hundreds of thousands of articles for training its AI models. USA Today Co seeks damages exceeding $250 million along with an injunction to stop the infringement. This case reflects a larger legal struggle between media publishers and technology companies regarding copyright use.
Reliance Jio IPO: Likely price band for India's biggest listing revealed. Check details
Jio Platforms has set a price band of Rs 1,065-1,119 for its upcoming IPO. The company plans to raise between Rs 28,755 crore and Rs 30,213 crore with the offer. Public subscription is scheduled to start on October 21, with shares potentially listing on October 28.
India set to be ServiceNow's fastest-growing market in Asia
The California-based company employs 6,000 people in India – a fifth of its global workforce. India handles 45% of the company’s global delivery work, he said.
SDKs emerge as key gateway to AI advertising as in-app ad market hits $400 billion
Independent advertising technology platforms are set to leverage SDKs to dominate the $400 billion in-app advertising market. Growth in this sector is characterized by a shift from traditional web-based advertising methods to SDK-driven strategies. Key companies like AppLovin and InMobi have established extensive SDK footprints, enhancing their competitive advantage. As AI products scale, the importance of advertising will increase to cover operational costs.
Nvidia's bet that its chips can finance the AI boom gets a Wall Street reality check
By Saeed Azhar, Max A.- Nvidia's mammoth financing plan has opened a debate on Wall Street about how much its advanced chips and the infrastructure around them are worth.
AI agent wars: OpenAI’s Dots wades into a market warmed up by Instinct and Meta’s Muse
The launch of OpenAI's Dots comes amid the agentic frenzy launched by Meta's Muse earlier this month. Muse targets professionals and companies, and also caters to everyday consumers and small businesses as well. Startups and open-source projects such as Instinct and OpenClaw are also part of this market.
OpenAI targets $30 billion in new funding at $1.4 trillion valuation
The company is seeking a valuation of around $1.4 trillion, not including the money raised, said the people, potentially vaulting it back above longtime rival Anthropic’s most recent private market valuation. Bloomberg News previously reported OpenAI was mulling a new round at a $1.2 trillion valuation.
ChatGPT maker wants to be the App Store for AI as safety concerns grow
OpenAI on Tuesday launched a less expensive artificial intelligence (AI) model and tools that run continuously, as it aims to reposition ChatGPT as an app store for AI. Other companies, such as Adobe, will be able to offer their software directly within ChatGPT, which is now used weekly by 1.2 billion people. - "Disappoint Wall Street" - As speculation swirls around when OpenAI might go public, Altman told reporters on Tuesday that the company was "investing more in safety, security, alignment, monitoring, and that will allow us to continue to progress model capability a lot."
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