TECH NEWS
Technology news moves quickly. Funding rounds, product launches and AI announcements can easily become isolated headlines by the end of a busy week. Sometimes, however, the numbers tell a larger story. This week, CIOL’s coverage ranged from AI-generated software and new compute infrastructure to conversational advertising, space technology and
TECH NEWS
Sandhya Devanathan will join OpenAI in October to lead consumer growth, enterprise adoption, partnerships and regulatory engagement across Southeast Asia and Australia. OpenAI has appointed Sandhya Devanathan, Meta’s Vice President for India and Southeast Asia, as Vice President for Southeast Asia and Australia, strengthening its regional leadership as the
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OutSystems has launched Agentic Loan Applications, a pre-built system designed to bring AI agents into consumer lending workflows while keeping lending decisions, governance and auditability under the control of financial institutions. The offering combines customer-facing mobile and web applications, data models, governed agents and deterministic workflows. Rather than replacing existing
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ITC Infotech is reportedly moving closer to acquiring a controlling stake of around 44% in Bengaluru-based Happiest Minds Technologies from founder Ashok Soota and promoter entities, in what could become one of the bigger consolidation moves in India's mid-tier IT services market. Multiple media reports have placed the
TECH NEWS
Enterprise AI is moving beyond copilots and experiments into business processes. As companies deploy more AI systems, the bigger question is how to keep those systems predictable, governed, and accountable. For India, Sajeev Viswanathan, Founder & CEO, New Street Technologies, argues that the focus should be on using AI to
TECH NEWS
PhonePe has launched UPI 123Pay for feature phone users, enabling them to make UPI payments without an internet connection and extending the company's digital payments network to a segment of more than 200 million feature phone users in India, according to the company. PhonePe said it is the
TECH NEWS
Gnani.ai has recently launched Artha, an end-to-end sovereign AI stack unveiled in New Delhi on August 28, 2026, in the presence of Vice-President of India C. P. Radhakrishnan. The launch centered on Gnani Evon v3.3, a 30-billion-parameter open-weights model, and Plexus, the company's agentic AI platform.
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MapmyIndia Mappls, the digital maps and deep-tech company of C.E. Info Systems Ltd, has partnered with AI-driven data analytics company ClarityX to launch Geo-FI, a platform that uses location and geospatial data to help banks and financial institutions make lending decisions. The companies said Geo-FI is designed to add
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OpenAI has decided to wind down its agreement to provide AI models to Cursor, following the coding platform's acquisition by SpaceX, citing concerns over whether Elon Musk's companies will use its technology within OpenAI's contractual terms. OpenAI said on August 28 that it had
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Zomato, a food delivery company, is shutting down its customer support operations in Hyderabad, affecting approximately 240 employees, according to reports. Other reports have put the overall number of affected employees at around 250. Zomato is consolidating its remaining in-house customer support operations in Gurugram while moving a larger share
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India’s AI startup ecosystem is entering a phase where building a working AI product is no longer the only challenge. As startups move from experimentation to production, infrastructure decisions are becoming closely tied to their ability to control costs, handle rising workloads, and meet enterprise requirements. For early-stage founders,
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Artificial intelligence is moving deeper into India's procurement function as enterprises face an 8% increase in workloads without a corresponding rise in headcount, according to Procol's State of Procurement in India 2026 report. The report, based on Procol's platform data covering more than $20
