PE firms join GCC boom, push portfolio companies to set up captive centres

Private equity-backed firms are increasingly establishing Global Capability Centres (GCCs) in India, moving beyond cost savings to build AI, engineering, and product capabilities. This trend signifies a shift from large corporations to mid-market companies leveraging GCCs as a strategic value-creation tool for portfolio companies.

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W marks the X-spot: European social network takes on Musk

As Europe pushes for more tech sovereignty, social network W believes it has the X- it's European. The most popular social networks in Europe are Meta's Facebook and Instagram with 259 million monthly users, Chinese-owned TikTok with 135.9 million monthly and X with approximately 115.1 million users, according to the EU.

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Amazon Now to launch 100 large fulfilment stores in key markets ahead of Prime Day

Amazon Now is launching 100 large fulfillment centers across major Indian cities, significantly expanding its product assortment beyond daily essentials to include electronics and other everyday items. This strategic move aims to deliver products in 10-20 minutes, bolstering its presence in the rapidly growing quick commerce sector ahead of its Prime Day event.

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Microsoft launches AI agent with pay-as-you-go pricing

Microsoft is changing how it charges for its software for the first time in two decades, moving to bill customers with a pay-as-you-go model each time they use its new AI agent. The turn is a notable one for Microsoft, whose office software has relied for some two decades on fixed, predictable subscription fees.

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Pavel Durov criticises NTA curbs, says Telegram ban punishes 150 million Indian users

Telegram CEO Pavel Durov criticized India's temporary ban on the messaging app, stating it punishes millions of users instead of those leaking exam materials. The restrictions, imposed by the NTA ahead of a re-examination, aim to curb misinformation but Durov argues they are ineffective as leaks simply move to other platforms.

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Snap bets on AR glasses in post-smartphone race

Snap, the parent company of social network Snapchat, on Tuesday launched its Specs augmented reality glasses, a major bet by a struggling company to stake out ground in the post-smartphone era. Unveiled at the Augmented World Expo in Long Beach, California, the Specs are the first standalone augmented reality glasses aimed at the general public, according to the company.

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Talent shortage triggers AI adoption among insurers

A shortage of trained insurance professionals is driving insurers to automate claims processing, underwriting, and customer onboarding. This shift enables companies to handle growing business volumes with greater accuracy and efficiency, rather than replacing existing roles. Technology adoption is enhancing productivity and allowing employees to focus on higher-value client interactions.

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Red Hat sees an opening as Indian enterprises turn to AI sovereignty

Indian businesses are increasingly opting for Red Hat's open-source solutions to gain control over their AI and cloud infrastructure, said Red Hat India and South Asia vice-president Navtez Bal. Driven by concerns over data sovereignty and vendor lock-in, enterprises are moving beyond AI experiments towards production deployments.

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Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

The IPO, the biggest in US history, vaulted SpaceX's value above two Mag 7 members: CEO Elon ‌Musk's other company, Tesla , ⁠and ⁠Meta Platforms. With trillion-dollar contenders such as OpenAI and Anthropic waiting in the IPO wings, the club may soon need a name change, analysts said.

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Project Glasswing melts: US government suspends early access to Anthropic's Fable 5, Mythos 5 within days of rollout

India's brief access to advanced AI models from Anthropic has ended. A US government directive halted local access to Mythos 5 and Fable 5. This development signals a new AI export control regime. Governments now view frontier AI as strategic assets. India's engagement on technology policy faces new challenges.

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US ban on Anthropic's Fable 5 & Mythos 5 to put Indian IT services firms at competitive disadvantage

US restrictions on foreign access to Anthropic's advanced AI models, Mythos and Fable 5, are creating a significant competitive disadvantage for Indian enterprises and IT service providers. This exclusion, particularly from Fable 5's coding capabilities, raises concerns about digital equity and strategic dependency, as Indian data contributed to the models' value.

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