Indian data centres aim to attract neocloud firms. These firms offer cheaper AI training than hyperscalers. Low data centre costs in India are attractive. Neoclouds evolved from Bitcoin and gaming. They are backed by large investors. Sify Infinit Spaces offers pay-per-use pricing. Yotta Data Services lists GPUs on Nvidia's marketplace. Blackbox eyes neocloud expansion.
Speaking at a Cisco event, Solomon said drafting the pre-IPO papers for a company used to take a six-person team and two weeks to create, but AI can do this in mere minutes, he said, and with 95% accuracy. He said, as quoted by a report by Financial Times, the last 5% "now matters because the rest is now a commodity".
Maharashtra's FDA has suspended Blinkit's food license in Pune's Balewadi area due to regulatory non-compliance. An investigation revealed the facility lacked the necessary Food Safety and Standards Authority of India license for food production, distribution, and sales. The facility also violated food safety measures, with items found on the floor and missing pest control audits.
Nykaa observes quick commerce aids personal care, not beauty. Nykaa's beauty GMV grew 30% year-on-year. Personal care products gain traction on quick commerce platforms. Nykaa focuses on curated lists for quick delivery. Fashion vertical grows slower but outpaces industry. Nykaa aims for profitable fashion business. The company reported a net profit of Rs 19 crore. Operating revenue rose 23.6% year-on-year.
The Gurugram-based omnichannel eyewear brand Lenskart closed a $200 million secondary round in June 2024 at a $5 billion valuation. Singapore's sovereign fund Temasek and US financial services giant Fidelity had participated in the round. The company is expecting a 10 billion valuation for its IPO, double it last funding round.
The partnership terms state Rapido will charge a fixed fee of Rs 25 on orders below Rs 400 and Rs 50 on orders over Rs 400. This translates to a range of 8-15% commissions from restaurants, compared to 16-30% charged by Zomato and Swiggy. Consumers will be able to place orders on the Rapido app where restaurants will be listed.
In a prior conversation with Meta CEO Mark Zuckerberg earlier this year, Nadella had revealed that AI already writes 20–30% of Microsoft’s code across some projects. “I’d say maybe 20–30% of the code that is inside of our repos today… is probably all written by software,” Nadella said at the time.
OpenAI is partnering with IndiaAI Mission to launch OpenAI Academy in India. This initiative aims to boost AI skills across the nation. The collaboration will provide educational resources and API credits. It will also train teachers and conduct hackathons. Ashwini Vaishnaw highlighted the importance of AI accessibility. Jason Kwon sees India as a growing AI powerhouse.
Online payment aggregators (PAs) are locked in a race to the bottom on pricing, each trying to outbid the others to win market share in an increasingly cutthroat sector. The online PA space has seen frenetic activity over the past year, including new licenses issued, major players re-entering growth mode, and a couple of large fundraises.
Sundar Pichai indicated that Google will resist voluntary restructuring despite antitrust pressures, deeming some proposed remedies as excessive. He highlighted that users choose Google due to its merits, even with the rise of AI alternatives like ChatGPT. Google is appealing the rulings and opposes directives to share search data and halt payments to smartphone makers.
India's top ecommerce firms like Amazon, Flipkart, and Meesho are internalising logistics, squeezing third-party logistics (3PL) providers and driving industry consolidation. Meesho's shift to its logistics arm Valmo impacts players like Delhivery, which acquired Ecom Express to stay competitive. As pricing pressure eases and Meesho's outsourcing plateaus, Delhivery eyes growth and improved margins in FY26.
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