Economic Times
US news publishers sue Microsoft and OpenAI for copyright infringement in training AI models. OpenAI responds by emphasizing support for news organiza
FirstCry's CEO, Supam Maheshwari, saw a 49% pay reduction to Rs 8.61 crore in FY24. Cofounder Sanket Hattimattur's pay also decreased. Maheshwari sold
Americans see China influencing U.S. via TikTok. ByteDance faces divestment. Biden signs law, citing First Amendment. U.S. candidates' TikTok use crit
Cyberattacks exploiting vulnerabilities tripled in 2023, driven by MOVEit. Extortion rose while stolen credentials fell. Financially motivated inciden
Enforcement Directorate seized Rs 90 crore from cryptocurrency wallets in a money laundering probe connected to the 'E-Nugget' online gaming scam, inv
FirstCry has refiled its draft IPO papers with market regulator Sebi with updated financials. More on this in today’s ETtech Top 5.
Designit, a Wipro company that specialises in user experience strategy and implementation, will conduct user research to ensure personalised assistanc
The $175 million funding was led by existing investor Sequoia Capital and new investor Coatue. It doubles the $1.5 billion valuation the company attai
vHub.ai secured undisclosed funding to enhance AI technologies for influencer discovery, brand-influencer connections, audience understanding, and exp
Uber ceases operations in Pakistani, directing users to switch to Careem. Uber had already ceased operations in Karachi, Multan, Faisalabad, Peshawar
Fi, backed by Peak XV and Temasek, obtained an NBFC licence from RBI for independent lending. Like Jupiter, Groww, and Cred, Fi now offers loans and a
Ex-Binance CEO Changpeng Zhao may receive an extended sentence for violating U.S. money-laundering laws. Prosecutors seek deterrence. Legal expert Rob
Cleartrip's CFO Aditya Agarwal resigns amid Flipkart's senior management changes. Akshat Mishra to succeed him. Agarwal's key role in Cleartrip's inte
Google took significant measures in 2023 to prevent policy-violating apps on Google Play. Various security features, partnerships, and enhanced review
The PA licence will allow Bengaluru-based Groww to process online payments by itself. The licence was issued in the name of the company's subsidiary p
Last week, WhatsApp told the Delhi High Court that it would have to stop operations in India if it’s forced to break encryption for compliance with
The revenues in Q1 of FY23 stood at €5.73 billion ($5.92 billion). On a constant currency basis, revenue declined 3.3%. Capgemini follows January to
The fund is allocating a significant portion of its third fund to invest in around 25 early-stage startups. These initial investments will typically r
FirstCry’s IPO size will be the same, as per the IPO papers. It intends to raise $218 million (about Rs 1,815 crore) in primary funding through issu
Microsoft will invest $1.7 billion in Indonesia to empower the Southeast Asian country with cloud and artificial intelligence, including by building d
