ETtech Deals Digest: Startups raise $725 million this week, up 5X on-year

The number of deals during the week, however, was down at 32 transactions, compared to 42 in the corresponding week last year.

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Chip startup Taalas raises $169 million to help build AI chips to take on Nvidia

Toronto-based chip startup Taalas said on Thursday it had ​raised $169 million and said ​it has developed a chip capable of running artificial intelligence ​applications faster and more cheaply than conventional approaches.

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OpenAI partners with IIT Delhi, IIM Ahmedabad, others to build AI-ready talent

OpenAI on Wednesday announced partnerships with leading Indian universities to embed artificial intelligence across management, health, engineering, creative and multidisciplinary education, aiming to build AI-ready talent for a tech-driven economy.

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India’s chance to create AI’s third way: Mozilla Foundation president Mark Surman

There is a huge opportunity for countries like India to step forward and be champions in artificial intelligence by investing in open source and enabling the creation of a third way of AI that is different from Big Tech and China, Mozilla Foundation president Mark Surman said.

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Figma partners with Anthropic to launch ‘Code to Canvas’

Figma on Tuesday announced a partnership with Anthropic and unveiled a new feature, “Code to Canvas,” that converts AI-generated code into fully editable designs within Figma.

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Cloudflare CEO Matthew Prince rejects outage reports, hints at legal action

Cloudflare’s cofounder and chief executive rejected a report claiming the company suffered an outage Monday morning, disputing coverage that cited user complaints and data from Downdetector. Prince also hinted that the internet infrastructure provider might also consider legal action against Downdetector, because he was “tired of their crap”.

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Crypto company Nexo returns to US three years after clash with regulators

Crypto company Nexo has relaunched ​in the United States, it said on Monday, three years after leaving the country and paying a $45 million fine following clashes with regulators.

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DPDP Act phased rollout exposing compliance gaps: Privacy experts

Executives across the privacy ecosystem told ET that organisations are over-focusing on surface-level compliance such as consent banners and legal documentation, while underestimating the operational overhaul required to meet the law’s substantive obligations.

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AI Summit to focus on human-centric and inclusive AI

Under India's AI leadership framework, seven thematic working groups - termed "Chakras" - are being structured around three guiding "Sutras": People, Planet and Progress, a senior MEA official said. The Human Capital Chakra will address the rapid transformation of work driven by AI, focusing on equipping people with skills and digital literacy to adapt to evolving employment landscapes.

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Digital arrest victims may be going under cover

Banks and insurers are in early talks to design an insurance product to cover victims of digital arrest scams, potentially making India the first country with such fraud coverage. The government has formed an interdepartmental committee to support tools like a UPI kill switch. Insurers and regulators are discussing protection for losses caused under psychological pressure.

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Microsoft, Ericsson lead global tech alliance for digital trust

The alliance ​includes companies such as Anthropic, Amazon Web Services, Alphabet's ​Google, India's Reliance Jio Platforms, Finland's Nokia, Canada's Cohere, Japan's NTT, and Germany's SAP. Its five principles call for strong corporate governance, ethical conduct, secure technology development, adherence to global security standards across supply chains, and support for an open digital environment.

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