Stripe clinches over $7 billion deal to buy AI firm OpenRouter

The deal, just months after OpenRouter raised money at a reported $1.3 billion valuation, underscores the demand from businesses to find the most cost-friendly AI solutions. It could also give Stripe, a payments processing firm, a stronger footing in the fast-growing artificial intelligence sector.

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Unveiling The Economic Times Startup Awards 2026 high-powered jury

We’re back with the 12th edition of The Economic Times Startup Awards (ETSA). However hectic it gets for the ETtech team, the thrill of sifting through the best of Indian entrepreneurship makes up for every late night in the newsroom.

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US to tell partners they must pick sides in AI race with China

By pressing countries to choose sides the US hopes to starve China of resources in a race to make the most sophisticated AI, which ​could be used for military or economic dominance. In July, Chinese President Xi Jinping launched a rival "World Artificial Intelligence Cooperation Organization", promoting his country's open-weight technology as a challenge to US influence over the fast-moving sector.

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Crypto wallet provider SafePal discloses data breach affecting nearly 40,000 users' order information

An authorization flaw in the order tracking ‌system allowed access ⁠to ⁠another customer's order information between March 2, 2025, and April 11, ​2026, SafePal said in a statement.

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Anthropic CEO Dario Amodei rejects claim AI regulation would concentrate power

Responding to a debate sparked by comments from investor Gavin Baker, Amodei said the choice between concentrating AI power through regulation and distributing it widely was a "false choice". He argued that fair institutional processes can constrain corporate power and protect individuals, while regulation can be designed to place greater burdens on the most advanced AI companies than on smaller challengers.

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Five to eight more semiconductor plants to come up in eight years: PM Modi

Addressing the nation from the ramparts of the historic Red Fort on the 80th Independence Day, the prime minister said India's semiconductor journey reflects its growing technological self-reliance. Recognising the strategic importance of chips, the prime minister said India has taken decisive steps towards self-reliance in semiconductors.

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PayPal in talks with Stripe and private equity firm over sale: report

In July, Stripe and private equity firm Advent International made a joint offer to buy the digital payments pioneer for $60.50 a share, which would have valued PayPal at around $53 billion, according to media reports. PayPal has struggled to compete with other payments providers including Apple Pay and Google Pay.

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Instagram introduces new wordmark after a decade, logo to be unchanged

The redesign replaces the platform’s familiar cursive lettering with a hybrid style that combines more conventional typography with script-inspired curves. Elements of the letters, including the “s”, “r” and “g”, retain a distinctive stylised treatment.

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AMD looks to raise $4 billion to $5 billion in debt offering, source says

​Advanced Micro ​Devices is ‌looking ⁠to ⁠raise ​between $4 billion ​and $5 billion ​in ⁠a ‌debt ​offering, ​a ⁠source familiar ​with the ​matter said ‌on Thursday.

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New-age firms' listing gains fade fast; IT deal renewal in focus

Happy Thursday! Some of the best-received new-age IPOs are now trading below their issue price, ET analysis shows. This and more in today’s ETtech Morning Dispatch.

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Inside the Google executive moves that led to its big AI reshuffle

On August 5, the Mountain View, California, tech giant announced a sweeping leadership overhaul of its Google DeepMind AI division in which its chief, Demis Hassabis, stepped aside in favor of his deputy, Koray Kavukcuoglu. Hassabis became chair, with fewer management obligations. At the same time, the two original technical co-leads of Gemini quit to co-found a startup.

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