GOOGLE CLOUD NEWS
Govt’s UPI boost; Meta’s fact-checking makeover
Through an incentive scheme, the government is pushing low-level UPI payments in India. This and more in today’s ETtech Top 5.
Google announces largest deal in 26-year history, to acquire cybersecurity firm Wiz. What does this mean in era of AI?
Google and Wiz have stated that Wiz's products will continue to work across all major clouds - including Amazon Web Services, Microsoft Azure, and Oracle Cloud, as well as through other security partners.
Alphabet back in talks to buy Israel's Wiz for over $30 billion, source says
The deal hasn't been signed and could still change, the person familiar with the development said. The Wall Street Journal on Monday first reported the news of the talks between the companies, citing sources. If the Wiz acquisition goes ahead, it would help Alphabet tap the cybersecurity market and expand its booming cloud infrastructure business, which generated more than $43 billion in revenue last year.
Payments firm Klarna files for $1 billion IPO, targets $15 billion valuation
Klarna had net income of $21 million on revenue of $2.81 billion for 2024, compared with net loss of $244 million on revenue of $2.28 billion a year earlier, according to its filing Friday.
US stock market today: Dow Jones, S&P 500, Nasdaq slide; Market tumbles as Trump’s economic policies stir recession fears
US stock market tumbled on Monday as Dow Jones, S&P 500, and Nasdaq suffered steep losses, driven by Trump’s economic policies and growing recession fears. The Dow fell 439 points, while the Nasdaq plunged 3.5%, marking Wall Street’s worst week in six months. Investors are anxious over inflation, Federal Reserve policy, and tariffs, with experts warning of stagflation risks. As key economic data, including the Consumer Price Index (CPI), looms this week, markets brace for more volatility. Will Trump’s policies stabilize the economy or deepen uncertainty?
Artificial intelligence is changing how Silicon Valley builds startups
The old Silicon Valley model dictated that startups should raise a huge sum of money from venture capital investors and spend it hiring an army of employees to scale up fast. Profits would come much later. Not anymore.
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IndiaAI’s next act; Trump’s Bitcoin reserve push
The government marked a year of IndiaAI Mission with a compute portal to enable easy access to GPUs. This and more in today’s ETtech Top 5.
AI giant CoreWeave’s blockbuster IPO filing unveils a shocking detail; one customer drives more than 50% of its $1.9 billion revenue
Nvidia-backed CoreWeave is preparing for its IPO filing with an estimated valuation of $35 billion. The firm relies heavily on two customers for 77% of its revenues. Microsoft accounts for 62% of this. CoreWeave aims to address material weaknesses in its financial systems by 2026. The IPO will be the first major tech IPO of 2025.
Amazon’s Alexa Plus brings new agentic capabilities; leveraging Anthropic's Claude
Amazon has developed a system of “experts” — specialised groups of application programming interface (APIs), capabilities, and instructions that handle specific tasks with precision. It brings new agentic capabilities, allowing it to independently browse the internet and complete tasks without user supervision.
Infosys layoffs escalate; Nvidia’s profit soars
The union labour ministry has urged Karnataka’s state labour commissioner to investigate the controversial Infosys layoffs. This and more in today’s ETtech Top 5.
Alphabet's Google cuts some cloud division staff: Report
The size of the layoffs or how many workers have been affected was undetermined, Bloomberg said, adding that the round of cuts impacted only a few teams.
ETtech Explainer: Here’s all you need to know about AI agents and their evolving capabilities
Per market research firm Roots Analysis, the global AI agent market could grow from $5.29 billion in 2024 to $216.8 billion by 2035, at a CAGR of 40.15%.
Tata Communications, Vodafone Idea, Jio to gain from Airtel's partial international service exit
Airtel's exit from part of the international wholesale voice and messaging market opens revenue opportunities for Tata Communications and Vodafone Idea. As rates dwindle, Airtel plans to focus on high-margin digital services such as cloud, IoT, cybersecurity, and data centers.
Google AI chief says DeepSeek’s cost claims are ‘exaggerated’
The executive also shot down the idea that DeepSeek’s emergence upends the economics of AI development. “We don’t see any new silver bullet technologies,” Hassabis said on Monday, in Paris, at the Artificial Intelligence Action Summit. “DeepSeek is not an outlier on the efficiency curve.”
The qcomm marketing splurge; IndiaAI’s GPU bidding war
Happy Monday! Rising competition in quick commerce is driving heavy spending on performance marketing. This and more in today’s ETtech Morning Dispatch.
Alaska plane crash: Pilot says one key condition could have disappeared the jet without a trace
Alaska plane crash: Bering Air plane crash that killed ten people near Nome, Alaska, may have been caused by one key weather condition, a professional pilot who has recorded 3,500 flight hours suggested. Most Alaska communities are not connected to the state’s main road system and rely heavily on alternate means of travel, including small airplanes.
Is 2025 a year of layoffs? Why Google, Amazon, Microsoft, Meta and other US tech giants have cut jobs? Explained
Layoffs in 2025: Many US tech giants such as Microsoft, Meta, Amazon, Salesforce, Walmart, Stripe and other companies have announced job cuts in 2025. The resilient US job market could weaken this year, with employers showing early signs that they're readying more job cuts in 2025, according to a report.
Wall Street ends higher as investors digest earnings, rate cut prospects
U.S. stock indexes climbed on Wednesday as investors evaluated potential interest rate cuts despite Alphabet's disappointing cloud revenue. AI-related stocks like Nvidia and Broadcom rebounded, while AMD fell. The markets also anticipate January's nonfarm payrolls report and updates on U.S.-China trade tensions.
US stocks slip as Alphabet, AMD forecasts fan AI payoff concerns
US stocks: The tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday, following downbeat forecasts from Alphabet and AMD in a busy day for corporate earnings.
OpenAI’s Asian alliance; Krutrim 2.0
OpenAI CEO Sam Altman is forging key alliances in Japan and South Korea to drive enterprise growth. This and more in today’s ETtech Top 5.
Skills and strategies for securing internship roles in GCCs
Global capability centers are creating internship opportunities for students seeking industry exposure. Key skills required include programming, cloud platforms, and cybersecurity basics. Certifications and project-based experience enhance employability. To secure internships, building a strong online presence, networking, and tailoring applications are crucial.
Apple profit climbs but sales miss expectations
Apple on Thursday reported its revenue was a whopping $124.3 billion in the year-end holiday quarter, but sales growth fell shy of market expectations as the iPhone faces stiff competition, particularly in China. Revenue growth was powered by Apple's service and digital content unit, with iPhone sales slipping in markets like mainland China where they tallied $18.5 billion.
AI is going to be bigger than internet.. It’s the biggest tech revolution yet: Abhijit Dubey, NTT Data Inc
NTT Data Inc.'s CEO Abhijit Dubey emphasizes the transformative power of AI, predicting it will eclipse the internet's impact. With significant investments in India's digital infrastructure and a commitment to renewable energy, NTT Data is set to drive innovative growth and address global challenges, despite regulatory and infrastructural hurdles.
DeepSeek R1: A guide to using the Chinese ChatGPT rival on PC and Mobile
DeepSeek, an AI model developed by a Chinese startup, delivers performance comparable to ChatGPT while providing cost-effective solutions and free access to advanced features.
Lure of diversification, higher returns and global exposure driving Indian investors to US markets: Subho Moulik
Subho Moulik, CEO of Appreciate, explains the increased interest of Indian investors in US markets, emphasizing diversification, higher returns, and advanced sector opportunities like AI and biotech. He highlights the importance of strategic risk management and regulatory frameworks. Moulik also discusses emerging trends, market opportunities, and the role of AI in transforming investment strategies.
FMCG’s ecommerce push; Govt targets financial fraud
Happy Friday! Consumer firms are betting big on their own ecommerce platforms. This and more in today’s ETtech Morning Dispatch.
Oyo investors sell stake; TikTok’s US ban explained
Happy Thursday! Early investors in Oyo are in talks with a group of family offices to part-sell their stakes. This and more in today’s ETtech Morning Dispatch.
Musk, Tim Cook, Zuckerberg, Altman, Bezos and Pichai: Why tech leaders want to be Trump's 'friend'
Elon Musk, Tim Cook, Mark Zuckerberg, Sam Altman, Jeff Bezos, Sundar Pichai and Jensen Huang are names of some of the top industry leaders who have flocked to US President-elect Donald Trump. One of the prime reasons might be the proposed legislation that could land on Trump’s desk during his next term in the White House. But why are tech leaders want to be in Trump's good books?
ETtech Interview | Google learning to build for the world by building in India: Cloud chief Thomas Kurian
Google Cloud has made an aggressive push into the country over the past few years, especially under Kerala-born Kurien, who is going to complete five years as chief of Google Cloud that competes with Microsoft and Amazon Web Services for business.
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