TECH NEWS
Nykaa has appointed former Instamart Chief Operating Officer (COO) Ankit Jain as Head of Business, Nykaa Now, and Executive Vice President, Supply Chain, Nykaa Beauty. The update is visible on his LinkedIn account. Jain's appointment comes just weeks after he exited Instamart, where he oversaw end-to-end operations for
TECH NEWS
India's AI startup landscape is evolving quickly, but the way from building foundation models to running a sustainable AI business is proving challenging. As companies sharpen their focus on commercial opportunities, several are reworking teams and priorities along the way. Bhavish Aggarwal-led AI startup Krutrim has reportedly laid
TECH NEWS
The travel industry has been moving steadily towards faster, app-based payments, but airlines have been cautious about which new payment rails they let into checkout. For carriers, the issue is not just convenience. It is also about compliance, settlement, customer trust, and whether a payment method can work at scale
TECH NEWS
The London startup is buying independent lettings firms and folding them onto an AI platform, with EQT Growth leading the equity and Trinity Capital supplying the debt. The UK lettings business still runs on phone calls, paperwork, and the slow choreography of getting a boiler fixed, and Dwelly is betting
TECH NEWS
TL;DR Mate Security has closed a $35M Series A led by Canaan Partners with Insight Partners, Team8, and M12. Total funding now exceeds $50M, less than a year after stealth. The company’s bet is that AI security agents need organizational context, not just alert data, to make trustworthy
TECH NEWS
Meta has folded its half-built El Paso data centre into a joint venture with BlackRock, formalising a structure that keeps most of a $14bn project off its own books. Under the agreement, funds managed by BlackRock will own 80% of the Texas campus and Meta the remaining 20%, though Meta
TECH NEWS
Nine months after its own shareholders torpedoed a roughly $9bn takeover by CoreWeave, Core Scientific has found a far larger partner in the chipmaker trying to loosen Nvidia’s grip on artificial intelligence. On Tuesday the former bitcoin miner said it had signed a data-centre agreement with AMD that could
TECH NEWS
Fitch Ratings has gathered a number of the market’s quieter anxieties into a single sentence, warning that a possible AI market correction is now emerging as one of the biggest credit risks facing the global economy. The judgement comes in the agency’s third-quarter Global Risk Outlook, published this
TECH NEWS
Ofcom proposed on Tuesday to block a discounted wholesale offer from Openreach, the first time the regulator has ever moved to stop a commercial deal from BT’s network arm. The offer would have given internet providers up to £9.50 off per customer per month, for as long as
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Jess Asato, the Labour MP for Lowestoft, has asked the High Court in London to force Elon Musk’s xAI to stop its Grok chatbot from generating sexualised images of her, sharpening a claim that her lawyers say could help settle how far an AI company answers for what its
TECH NEWS
Nvidia is working on a fresh round of AI infrastructure deals potentially worth more than $750 billion, Bloomberg reported, accelerating a pattern of investment that critics say inflates demand and valuations across the sector. The response from the debt market was unusually direct. Nvidia’s five-year credit default swap spread
TECH NEWS
Australian Prime Minister Anthony Albanese’s proposed national environmental and energy controls for the country’s A$150 billion data centre pipeline hit their first obstacle on Tuesday, when two jurisdictions declined to back them. Federal, state and territory energy ministers met virtually to discuss the plan, and Queensland and
