Category: Technology
Apple India stores post sales record; PharmEasy breaches loan covenant; and Amazon’s ten-year India journey
[ad_1] Happy Thursday! Apple’s Mumbai and Delhi stores clocked record sales in their first month in India. This and more in today’s packed edition of ETtech Morning Dispatch. Also in the letter■ ONDC to launch revised incentive structure■ ETtech Deals Digest■ Govt reopens semiconductor incentive scheme Apple’s India stores bear fruits, post record sales across ...
AI: EU, US to ready voluntary AI code of conduct
[ad_1] The European Union and United States said Wednesday they expect to draft a voluntary code of conduct on artificial intelligence “within weeks” with the hope that fellow democracies will sign on. After talks with EU officials in Sweden, US Secretary of State Antony Blinken said that the Western partners felt the “fierce urgency” to ...
newtrace: Climate-tech startup Newtrace raises $5.6 million in funding from Sequoia, others
[ad_1] Climate-tech startup Newtrace on Wednesday said it has raised $5.65 million in a seed funding round led by Sequoia Capital India and Aavishkaar Capital. The other investors included Urban Ladder founder Ashish Goel and IKP Knowledge Park, and returning investors Speciale Invest and Micelio Fund. The company said in a statement that it will ...
ONDC Incentives: ONDC to launch revised incentive structure from June 1
[ad_1] In a bid to move away from discounting on the platform, the Open Network for Digital Commerce (ONDC) has introduced a revised incentive structure that kicks in from Thursday. “The eventual plan was always to withdraw discounts and incentives,” a person close to the matter said. Under the new scheme, the maximum discount that ...
musk: Elon Musk greeted with flattery and feasts during China trip
[ad_1] He’s “a pioneer”, “Brother Ma” and some want him to be US president. Billionaire Elon Musk has been showered with praise by the Chinese public during his trip to China and while also securing audiences with three government ministers. Since landing in Beijing on Tuesday, the Tesla Inc chief executive has met with China’s ...
huang: Nvidia CEO Jensen Huang: Leather-jacketed boss of trillion-dollar chip firm
[ad_1] When the pandemic forced Nvidia Corp to hold a major product launch virtually, CEO Jensen Huang beamed video to promote the event from his kitchen, where he pulled the company’s latest chip out of his oven. “I’ve got something I’ve gotta show you,” Huang says while reaching for a pot holder. “This has been ...
sec: Former Coinbase manager Ishan Wahi, brother to settle SEC insider trading charges
[ad_1] A former product manager for Coinbase Global Inc and his brother agreed to settle US Securities and Exchange Commission (SEC) charges related to insider trading of crypto asset securities, the regulator said on Tuesday. Former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in a ...
nvidia: Chipmaker Nvidia joins exclusive club of companies with a $1 trillion market capitalisation
[ad_1] Nvidia has joined the exclusive club of companies with a $1 trillion market capitalization as the chipmaker benefits from the growing use of artificial intelligence. Nvidia Corp. joins tech titans like Alphabet, Apple and Microsoft in the $1 trillion club. Its stock rose 5% in Tuesday trading, eclipsing $408 per share. Since its initial ...
Byju’s: BlackRock cuts Byju’s valuation by over 60% to $8.2 billion
[ad_1] The world’s largest asset manager, BlackRock, has further marked down the valuation of edtech firm Byju’s, three months after it first reduced the value of its holdings in the Indian company. In a regulatory filing made with the US Securities and Exchange Commission (SEC) for the quarter ended March 31, 2023, BlackRock valued the ...
nvidia: Nvidia set to become first US chipmaker valued at over $1 trillion
[ad_1] Nvidia Corp was on track on Tuesday to breach $1 trillion in market capitalization for the first time, making it the first U.S. chipmaker to join the trillion-dollar club. The company’s shares were last up 3.8% at $404.17 in premarket trading. Meta, valued at about $670 billion as of last close, clinched the trillion-dollar ...