AMI’s Nvidia chip bet; Groww’s new growth play

Happy Wednesday! AMI has ordered 9,000 Nvidia Vera Rubin chips, becoming one of Asia’s first such adopters. This and more in today’s ETtech Morning Dispatch.

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Brazil fines TikTok owner ByteDance for unlawful processing of teenagers' data

ANPD said that the local unit of China's ByteDance had processed personal data of teenagers aged 13 to 18 without a valid legal basis. The regulator estimated that, during the period under review, TikTok may have processed the data of at least 8 ‌million children, reflecting ⁠what it ⁠described as shortcomings in the platform's age-verification system.

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ETSA 2026: Jury to pick winners today; SoftBank trims Lenskart stake

The day has arrived! The elite jury of The Economic Times Startup Awards 2026 will convene in Bengaluru today to select the brightest stars in India’s startup galaxy. This and more in today’s ETtech Morning Dispatch.

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ETSA 2026: Elite jury meets today to crown startup ecosystem's best

A distinguished jury led by Wipro’s Rishad Premji will select winners for the 12th edition of The Economic Times Startup Awards. The awards recognise entrepreneurial excellence across categories including innovation, women-led ventures and social enterprise. The coveted Startup of the Year nominees include Porter, Skyroot Aerospace, Rapido, Meesho, Groww and Sarvam.

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ET AI Hackathon 2026: A platform to build, innovate and lead

Get ready for AI Hackathon 2026, brought to you by The Economic Times and Posspole Catalyst! This nationwide competition aims to uncover the brightest applied AI minds tackling real-world challenges. Participants will create cutting-edge AI solutions and have the chance to win an impressive prize pool. Not only will winners gain recognition in the enterprise field, but they'll also unlock exciting career opportunities at the grand finale in Hyderabad.

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AI startup Hugging Face exploring sale valuing it at $13 billion

The New ‌York-based ⁠company, which ⁠hosts open-source large language models and datasets, has ​been working with a bank to gauge bidders' interest, ​the report said.

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VCs chase deeptech; AI takeaways from ET's WLF

Happy Monday! Specialist VC funds are expanding beyond their traditional sectors to invest more in deeptech. This and more in today’s ETtech Morning Dispatch.

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India faces capital, talent gap in foundational AI race: Menlo Ventures’ Deedy Das

India faces hurdles in building globally competitive foundational AI companies, with top research talent concentrated in San Francisco and limited appetite for large, high-risk investments, Menlo Ventures partner Deedy Das said at The Economic Times World Leaders Forum 2026. He sees stronger opportunities for Indian startups at the application layer.

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Alibaba proposes $10 billion share placement to fund global AI drive

The Hangzhou-based firm has been ploughing tens of billions of dollars into AI, with its shareholders eager to see how it will monetise the huge investments. The company intends to use all of the net proceeds to invest in its "full stack AI capabilities, including to expand and enhance its AI infrastructure", it said.

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Dutch regulator fines Uber $966 million for automating driver suspensions

The penalty would be the second-largest issued ​yet under Europe's General Data Protection Regulation. It is behind only a €1.2 billion fine imposed on Meta by Ireland in 2023 for unlawfully transferring European Facebook users' data to the United States. Meta is appealing.

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TikTok agrees to $400 million US children's privacy settlement

The Justice Department sued TikTok and ByteDance in 2024 for allegedly failing to protect children's privacy, and ‌illegally collecting their ⁠information.

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