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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Accel’s $550 million India fund; South Park Commons bets on deeptech

Happy Wednesday! Venture capital firm Accel has raised its ninth India fund. This and more in today’s ETtech Morning Dispatch.

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AI startup Manus to resume independent operations as deal with Meta unwinds

"As part of our ​transition back to independent operations and to ​comply with regulatory requirements in specific jurisdictions, data generated by certain users ​on/after December 29, ⁠2025" will ‌be deleted later this ​month, ​Manus said in a statement.

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Senior OpenAI executive Brad Lightcap to leave for new venture

Lightcap moved in April ​from his role as OpenAI's chief ​operating officer to a role focused on leading special projects. He previously worked with OpenAI CEO Sam Altman at venture capital firm Y Combinator ‌and joined OpenAI in 2018.

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US court rules Meta, other tech firms must face thousands of lawsuits over social media addiction

The San Francisco-based 9th U.S. Circuit ​Court of Appeals rejected an appeal by Meta and TikTok seeking to overturn a lower court ruling requiring them to face more than 3,000 lawsuits filed in federal court, saying the companies had appealed too early.

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Yulu, Bounce chase fresh funds; MPs target social media

Happy Tuesday! Yulu and Bounce Infinity are back in the funding market as rising delivery demand gives them a fresh boost. This and more in today’s ETtech Morning Dispatch.

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