TECHNOLOGY COMPANIES
Local partner wanted for Xiaomi ‘home’ coming
The proposal is in the exploratory phase, but the Chinese technology company is set to begin evaluating potential Indian suppliers, according to one of the persons who did not wish to be identified. “It marks a natural progression for Xiaomi as it has committed to expanding beyond air purifiers into categories such as air conditioners, refrigerators and washing machines,” the person said.
Anthropic IPO: Why are Nvidia, Google, Microsoft and AMD investing billions in their own AI competitor? What Big Tech stands to gain from the Claude maker
Anthropic IPO: Anthropic is set to receive a significant $26 billion investment through its upcoming IPO from several technology companies. Major contributors include Google, Nvidia, and AMD, each seeking commercial advantages. This financial backing will support Anthropic's expansion and operational needs, including increased computing infrastructure. The participating companies aim to benefit from Anthropic's growth while addressing their own strategic interests in the AI market.
Three years ago today, Alice Huang stepped down as Megaspeed director: What happened next and Why Jensen Huang faces scrutiny
Three years after Alice Huang left Megaspeed's board, her reported relationship with Nvidia CEO Jensen Huang and alleged China intelligence links have drawn attention. US investigations into Megaspeed, Nvidia's board inquiry and a congressional request for answers have raised questions about national security and the company's China dealings.
Disney taps Adobe to build custom AI for its theme parks, studios and ESPN
Disney has partnered up with Adobe on a multi-year deal in order to develop custom AI models trained on its characters, visual styles and fictional worlds. The technology will be explored across Disney’s theme parks, cruise line, film studios and ESPN, with applications ranging from concept art to sports content production.
Nvidia earnings next Tuesday, Congress on Wednesday: Jensen Huang faces the most consequential 48 hours of his career
Nvidia CEO Jensen Huang faces mounting scrutiny as the company prepares to report earnings on November 17 and Republican lawmakers seek a congressional briefing the following day. An independent board investigation into his relationship with Alice Huang, who is suspected of Chinese intelligence links, has added to questions about national security and chip sales.
Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recession
US technology layoffs have crossed 200,000 in 2026, with Google, Microsoft, Amazon and other major companies cutting jobs. But the bigger concern is whether the trend will spread to retail and financial services, where another 1.6 million job losses could push unemployment higher and raise fears of a US recession.
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Meta expands teen protections, brings AI age checks to more users
Meta uses AI to analyse whether a user is a teenager. This allows the company to identify users who may have lied about their age during registration and place them under Teen Account protections, which will automatically limit who can contact them, the content they see, and the time spent on its apps.
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.
China’s high-tech ports push raises global trade ambitions, sparks security concerns
China is expanding its global maritime influence through AI-powered automated ports, smart shipping technologies and digital infrastructure. While these innovations promise greater efficiency, Western governments fear growing dependence on Chinese systems could create security vulnerabilities, geopolitical leverage and risks to critical global supply chains and international trade networks
China, Hong Kong stocks rise as AI shares rally, oil prices slide
Chinese and Hong Kong stocks edged higher as a rally in global technology shares and falling oil prices lifted sentiment. AI-linked stocks led gains, while energy shares declined amid a broader regional market rebound.
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.
US stock market stages massive rally today, adds $1.5 trillion: 5 reasons why Dow Jones, S&P 500 and Nasdaq surge as AMD and Tesla jump while Nvidia sinks
US stock market rally today: Wall Street added $1.5 trillion in market value on Monday as technology and semiconductor stocks recovered from last week's sell-off. The Dow Jones jumped more than 1,000 points, the S&P 500 gained 2.17%, and the Nasdaq rose 2.51%. AMD and Tesla led major stock gains, but Nvidia fell nearly 5%
Banks, investors grow wary of AI debt, spooked by market selloff
Some banks, which just a few weeks ago were lining up to fund AI deals, are now telling market participants they would be reluctant to finance additional deals even when they involve guarantees from the sector's marquee technology companies, according to several banking and credit sources.
How a cancelled conference inspired Danny Manu to develop wireless earbuds that can translate speech, music in over 40 languages
A cancelled conference caused by a shortage of translators inspired Ghanaian-British inventor Danny Manu to develop wireless translation earbuds. He founded Mymanu in 2014 and launched CLIK in 2016. Its newer Orb earbuds offer real-time translation in more than 40 languages, alongside music and calling features.
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.
A secret affair, whiskey dates and a China spy probe: Inside Nvidia chief Jensen Huang's association with Alice Huang
Nvidia CEO Jensen Huang is facing scrutiny over an alleged secret affair with Chinese businesswoman Alice Huang, whom US intelligence suspects of working for Beijing. Photographs of their meetings in Taipei have drawn attention to a classified US assessment, while her association with a Singapore-based AI computing firm adds a national security dimension.
US stocks face volatile week as AI selloff, inflation data and tech earnings loom
US stocks face a volatile week as investors brace for October CPI inflation data and key tech earnings following a sharp AI-led selloff. Regulatory concerns post-US midterms, alongside Fed rate hike expectations, have pushed the Nasdaq into correction territory despite the S&P 500 maintaining gains for 2026.
Companies want AI-powered customer service; EY says they need a bigger reset
Adopting artificial intelligence tools alone is insufficient for companies aiming to enhance customer service operations. They need to redesign their operating models and workforce capabilities, as highlighted in an EY report. Assessing existing operations and identifying gaps are crucial first steps in this transformation process. Additionally, integrating AI into existing systems is necessary to drive measurable business outcomes and improve customer experiences.
Workout after work: India Inc flexes its fitness muscle as employers make workplace wellness harder to skip
Indian companies are expanding workplace fitness programmes, offering employees access to office gyms, group exercise classes, personal training, sports facilities and memberships across multiple locations. Procter & Gamble, InMobi and Walmart Global Tech are among the employers investing in employee wellness, while fitness providers Cult for Corporates and Fit.Zone report growing corporate demand. The focus is increasingly shifting from offering fitness as an employee perk to encouraging greater participation and making healthy routines part of the working day.
AI investment cycle may have peaked, Jefferies warns; raises India allocation to 14%
According to a recent Jefferies report, global investment in artificial intelligence appears to be facing a mid-cycle correction. Although US tech giants have ramped up their capital spending, there are growing concerns regarding both financing and profitability. This situation may adversely impact US economic growth. Investors are advised to explore opportunities outside the AI realm, especially in healthcare and biotechnology sectors.
Tech billionaires in Democrats’ crosshairs: Who could face congressional probes? Here’s the hit list
Elon Musk, Mark Zuckerberg, Jeff Bezos and other tech leaders could face congressional investigations as Democrats prepare to take control of Congress in 2027. Their scrutiny could focus on ties to Donald Trump, political influence, AI development, data center expansion and the industry's impact on American jobs and communities.
China, Hong Kong stocks fall as US tech rout sparks AI bubble fears
Chinese and Hong Kong stocks took a hit as American tech shares slumped overnight, fueling worries about the durability of the artificial intelligence surge. This uncertainty cast a shadow over investor confidence across Asia. Nevertheless, the Chinese mainland market saw some recovery driven by bargain hunters supported by government measures, though analysts caution that tech stocks in China are still at risk from global market changes.
Midterm results may slow US visa curbs, but no quick relief likely for IT
The opposition party’s takeover of both chambers of US Congress is expected to bring greater scrutiny of the administration’s policy decisions, potentially slowing further restrictions, industry experts told ET. However, any improvement in sentiment is unlikely to translate quickly into higher hiring or technology spending.
A fund copying Congress’s stock trades beat the S&P 500, thanks mostly to one stock
The Unusual Whales Subversive Democratic Trading ETF, named NANC, has shown remarkable performance, exceeding that of the S&P 500 since February 2023. This fund strategically utilizes the stock trades of Democratic lawmakers to shape its investment strategy. With significant holdings in leading technology firms, especially in AI innovations, its recent achievements can be attributed to a thriving AI market.
Meta draws record orders for debut euro bond sale, Bloomberg News reports
Meta Platforms has successfully garnered an impressive €53 billion in investor interest for its inaugural euro bond issuance. With an ambition to raise €9 billion divided into six distinct parts, this move follows their recent $15 billion bond offering in the US market. Citigroup and Morgan Stanley are at the helm of this euro bond sale, with pricing anticipated shortly. As of September 30, Meta's total debt reached $83.67 billion.
Meta raises $15 billion through bond sale to fund AI infrastructure expansion
Meta Platforms is raising $15 billion through a five-part bond offering to fund its expanding artificial intelligence infrastructure investments. The fundraising highlights the growing reliance of major technology companies on debt and equity markets to finance the global AI race.
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.
SaaS firm Capillary’s AI platform drives new customer wins, revenue grows 51%
Capillary’s aiRA (AI-powered Research Assistant) is an AI agent for enterprise brands that helps connect customer data across platforms and identifies opportunities to acquire, convert, retain and reactivate customers. It also executes campaigns through existing marketing tools, with human approval. It works with data from platforms such as Salesforce, Snowflake, Databricks, Google Ads and Meta, according to the investor presentation.
Zen Technologies shares rally 9% after Q2 profit rises 51% YoY, revenue nearly doubles
Zen Technologies shares jumped 8.67% after the defence technology company reported a 51% YoY rise in Q2 net profit to Rs 90 crore, while revenue surged 98% to Rs 345 crore. The company recorded an order inflow of Rs 481.81 crore during the quarter, taking its consolidated order book to Rs 1,375.70 crore as of September 30, 2026.
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