PayPal attracts takeover interest after stock slump

PayPal Holdings, the digital payments pioneer, is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value. The San Jose, California-based company has fielded meetings with banks amid unsolicited interest from suitors.

from Tech-Economic Times https://ift.tt/hgvCJqn

AMD bets big on India’s AI ambitions with Helios; open ecosystem push

Senior VP Thomas Zacharia outlines roadmap spanning exascale computing, PPPs, & deeper India engagement.

from Tech-Economic Times https://ift.tt/MUkRKdo

Delhi declaration urges democratic AI for social good

The 86 signatories included the European Union as well the US and the UK, two key nations that had opted out of a global pact on AI at the previous year's summit in Paris. Other major participants include China, Germany, Japan, France, Italy, Russia and Canada. All the shared priorities mentioned in the declaration are voluntary and represent non-binding guidelines and principles.

from Tech-Economic Times https://ift.tt/vBdEUAh

AI Summit proved to be a turning point on how world will utilise power of AI: PM Modi

In his monthly radio broadcast Mann Ki Baat, Modi also asked people to remain vigilant against online financial fraud and digital arrest, and appealed to all to comply with requests from banks for doing KYC (know your customer) as it is crucial for an individual's bank account's safety.

from Tech-Economic Times https://ift.tt/RiyZsg2

India's AI ambition spans full tech stack; combines domestic impact, global outlook: Ericsson CTO

Erik Ekudden told PTI that the evolution of networks will be central to the AI journey. While AI is already being used to optimise 5G networks today, the future will see the rise of agentic AI or AI agents, and eventually physical AI such as robots and humanoids.

from Tech-Economic Times https://ift.tt/ZNCzb7p

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.

from Tech-Economic Times https://ift.tt/gRuWw0I

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.

from Tech-Economic Times https://ift.tt/6hMdqVW

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.

from Tech-Economic Times https://ift.tt/UwNbuAl

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.

from Tech-Economic Times https://ift.tt/Jn2OUav

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.

from Tech-Economic Times https://ift.tt/2uQlGBr

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”.

from Tech-Economic Times https://ift.tt/MpRiDJe