WEB DEVELOPERS
MeitY probes physical AI data use;
MeitY is reviewing the practice of collecting first-person video and sensor data from gig workers to train physical AI models. This and more in today’s ETtech Top 5.
NBIS Stock Price and Earnings: Nebius shares rise 15% on Q3 revenue beating estimates
NBIS stock price and earnings have been in focus after shares of Nebius Group rose 15.44% to close at $154.69 on Wednesday. The AI infrastructure company reported third quarter revenues of $980.8 million which beat analyst expectations. The company has reported a net loss of $37.5 million. It also showed positive adjusted earnings.
Indian companies propose $7.05 billion in overseas borrowings in September
Indian companies proposed $7.05 billion in overseas borrowings through ECBs and foreign currency convertible bonds in September 2026. Infrastructure financiers, NBFCs and major corporates accounted for significant proposals, with most borrowings routed through the RBI's general permission framework.
Why Google and OpenAI want AI agents to decide faster
Google has introduced the Gemini Decisions API, which aids AI agents in making faster decisions for various tasks. This new tool enables quicker selections for requests by scoring options in one processing pass. Competitors like OpenAI and TypeSafe have released similar offerings, with unique features tailored to their models.
Five IndiaAI empanelled companies ineligible for new compute bid
CDAC requires bidders to own, lease or operate a Tier-III, Rated-3 or higher data centre in India. Bidders must also hold the required ISO certifications and operate a network operations and security operations centre in India.
UPI sees Diwali boom; AI cracks Captcha
Diwali spending fuelled a surge in UPI transactions, with both payment volumes and values rising. This and more in today’s ETtech Top 5.
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Adobe, Canva, Figma tools in Claude: Anthropic lets users edit photos, PDFs and designs without switching apps
Anthropic has upgraded its AI assistant Claude, allowing users to edit photos and work on PDFs directly within applications. Users can now interact with tools like Adobe and Canva without switching between different windows. Claude can make direct changes in applications as users monitor the edits in real-time. Additional integrations with apps such as Figma and Shopify are also under development.
Anthropic launches Claude Whiteboards, Sheets and Data to expand AI-powered workplace tools
Anthropic has introduced Claude Whiteboards and Claude Sheets to enhance collaborative brainstorming and spreadsheet creation. Claude Data has also been launched to provide advanced data analysis capabilities for businesses. These tools aim to streamline teamwork by keeping all activities within the Claude platform. Users can expect integrations with various third-party applications to enhance their workflows. The company envisions Claude as a comprehensive tool for collaborative workplace productivity.
Nvidia scandal rocks tech world Web Summit
Allegations of Chinese spying on Nvidia dominated a top world tech conference on Tuesday, with some executives seeing potential opportunities in the turmoil at the US artificial intelligence chip giant. Chinese technology executives attending the summit highlighted emerging alternatives to Nvidia.
Anthropic's IPO: A close look at AI frontrunner's rapid growth, spiraling costs
Anthropic aims to raise up to $64.4 billion in an upcoming IPO, representing a significant market debut. The company plans a valuation of up to $1.02 trillion, showcasing its ambitions in AI. Founded by former OpenAI researchers, Anthropic's revenue has rapidly surged with enterprise adoption of its AI models. While facing substantial operating losses, the company remains committed to its substantial infrastructure investments.
India fallen way down list of nations deemed liberal democracies under Modi govt: Sonia
Sonia Gandhi, in her memoir, critiques the Modi government's impact on India's democratic institutions and social fabric. She highlights the growing wealth disparity and lack of transparency in governance under the current regime. Gandhi expresses concern over the media's loss of independence and the suppression of dissenting voices in society.
Indian organisations on edge as sites fail to Captcha AI intruders
Personal AI agents such as Instinct, Muse, Grokbot and OpenClaw have taken over the consumer internet in the US. But last month, major US banks, including JPMorgan Chase, Bank of America, Wells Fargo and Morgan Stanley, reportedly flagged AI agents such as Meta’s Muse accessing customer accounts using login credentials voluntarily shared by users laying bare the risks of handing AI agents the keys to consumers’ digital lives.
Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loophole
Unified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently convert their cryptocurrencies, such as USD Coins, to pay vendors for goods. This involves scanning QR codes and entering necessary details, which facilitates quick transactions. Intermediaries help complete the process by converting USDC to rupees for vendors. Additionally, stable coins often trade at a premium within the Indian market.
Bengaluru-Goa Vande Bharat Express to be among India's slowest, running at 53-54 kmph, on par with regular Mail and Express trains; why Vande Bharat trains are not operating at approved 160 kmph
Vande Bharat Express news: The Bengaluru-Madgaon Vande Bharat Express will connect Bengaluru to Goa over a distance of 670 km. It is set to take approximately 12 to 13 hours for this journey, making it the slowest Vande Bharat service. This train will average speeds comparable to Mail and Express trains, primarily due to safety restrictions. Currently, other Vande Bharat trains maintain higher average speeds across their respective routes.
From Tata Tiago to Hyundai i20 and Harrier, Jodhpur company surprises employees with brand-new cars this Diwali
A Jodhpur-based education marketing agency, Mediagarh, surprised four employees with brand-new cars as Diwali gifts during its annual Sneh Milan 3.0 celebration on Dhanteras. The company gifted two Tata Tiagos, a Hyundai i20 and a Tata Harrier to employees in recognition of their performance and contributions. Continuing a tradition started two years ago, Mediagarh increased its car giveaways from one in the first year to four this Diwali.
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
An artificial reef can do more than attract fish: How a 125-acre underwater project could reshape North Carolina's coastal ecosystems
An artificial reef will be constructed in North Carolina's Albemarle Sound, scheduled for development soon. This project aims to create shelter, feeding opportunities, and spawning habitats for local marine life. By utilizing materials from the Alligator River Bridge, the reef will cover an area of 125 acres. Although the initiative will increase habitat availability, its effectiveness in boosting fish populations is uncertain.
India focused on becoming AI application capital of the world: Ashwini Vaishnaw
India is on a mission to become the global hub for artificial intelligence applications while also enhancing its semiconductor industry. With the launch of the Semicon 2.0 Web Application Portal, only well-prepared semiconductor enterprises will have their applications considered. The government is actively working on a strategy to produce indigenous graphics processing unit chips, alongside other crucial electronic components such as battery cells and copper foils.
India focused on becoming AI application capital of the world: Ashwini Vaishnaw
India is striving to become the artificial intelligence application capital while also focusing on semiconductor manufacturing. The government plans to launch the Semicon 2.0 Web Application Portal to attract serious players in the industry. Union Electronics and Information Technology Minister Ashwini Vaishnaw highlighted the importance of complete applications for participation.
Solo Leveling: Ragnarok Season 3 released: Chapter 69 brings Cha Haein back after years in the Land of Snowfolk; new artist takes over
Solo Leveling: Ragnarok has returned after a 10-month hiatus with the release of Chapters 69, 70 and 71, bringing back Cha Haein after years in the Land of the Snowfolk. The latest chapters show her reunion with fellow S-Rank Hunters as Sung Suho's battle against Arsha reaches a crucial stage. Season 3 also marks the debut of new artist Sanjimseung, who takes over from Jin following his departure for South Korea's mandatory military service.
India flags Chinese-linked AI tools in hacking campaign against financial firms
India's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at least two of them linked to China, adding India to a growing list of countries where
Trump-linked crypto assets slip up to 16%, AI data centre stocks slide after Democrats' US midterm win
Trump-linked cryptocurrencies tumbled up to 16%, while shares of Bitcoin miners transitioning into AI data centre businesses slumped as Democrats' strong midterm performance rattled investor sentiment. Concerns over tighter regulations, potential construction delays in Texas and rising financing costs weighed on companies betting on the AI infrastructure boom.
Meta halts new business terms after backlash over data scraping and AI use
Meta has postponed the rollout of new terms affecting its business accounts due to significant backlash. Critics claimed these changes could lead to unauthorized data scraping and unfair competition against news publishers. A Norwegian court granted an injunction on the terms, highlighting concerns over Meta's market dominance. The U.K. competition authority has also initiated an investigation into these new business conditions.
OpenAI’s India user base doubles; Rapido GOV quadruples
Happy Tuesday! India has become ChatGPT’s largest market globally, with its user base doubling. This and more in today’s ETtech Morning Dispatch.
Besides the bubble, a big AI risk could be growing in the shadows
Investors are worried about potential financial risks linked to Big Tech's investments in AI infrastructure. The technology sector recently experienced a significant sell-off, indicating growing nervousness among shareholders. S&P Global predicts considerable expenses on data centres for major companies like Amazon and Microsoft through 2030.
Largescale cyberattacks test the limits of insurance cover
While businesses rush to enhance their cyber insurance cover, the incidents have triggered a debate over whether existing policies adequately cover emerging cyber risks. The biggest question insurers are policyholders seem to be confronting is: who pays when a vulnerability exposes thousands of organisations to the same threat?
The next AI advantage for India's developers: Turning code into companies
In India's rapidly growing builder economy, AI is revolutionising software creation, allowing developers to generate code and build prototypes in minutes. But speed is only half the battle-code to deployment is the other half. Through tools like GoDaddy's Developer Platform, the real opportunity is achieving this next half of the challenge seamlessly and turning fast-built applications into viable, long-lasting products and thriving companies.
Alphabet's heavy cloud spending drives bigger-than-expected cash burn
The company reported negative free cash flow of $9.07 billion, compared with analysts' estimate of a cash burn of $36 million, according to data compiled by LSEG.
Meet Rajesh Ambati, the Indian-origin vice-president of engineering at Apple
Rajesh Ambati, a software engineer of Indian descent, has recently ascended to vice-president of engineering at Apple. In this new role, he will lead efforts in connectivity technologies and bolster product development initiatives. Additionally, Louie Sanguinetti and Derek Shaeffer have also been elevated to vice-president roles in light of organizational changes.
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