Amazon, Flipkart spark quick commerce price war as Blinkit, Instamart hold the line

India’s quick-commerce market is back in a discounting spiral. Amazon and Flipkart are turning up the heat, but incumbents Blinkit and Swiggy Instamart are largely refusing to dive into the price war as they prioritise profitability, industry executives said.

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Baidu's AI chip unit Kunlunxin targets $50 billion Hong Kong IPO: Report

Investors have been asked to ‌buy chips ⁠with ⁠a value three to seven times the worth of their ​planned subscription in Kunlunxin's initial public offering shares, the report ​said.

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Google limits Meta's use of its Gemini AI models: Report

Google, owned by Alphabet, told Meta ‌around March ⁠it ⁠could not meet the full Gemini capacity the company had sought ​to purchase, the newspaper said, adding that the shortfall disrupted ​and delayed some of Meta's internal AI projects.

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How schools breach children’s data privacy: A snapshot

Schools and other organizations are posting children's photos and achievements online without proper parental consent, potentially violating the DPDP Act. This practice exposes minors to privacy risks, online abuse, and legal issues. While global governments are strengthening child online protections, compliance in India remains inconsistent, leaving many children vulnerable to exploitation and harassment, as highlighted by a recent student's experience.

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SpaceX set to join Nasdaq 100, paving way for wave of passive buying

SpaceX is set to join the Nasdaq 100 index on July 7, a move expected to attract billions in passive investment. This inclusion follows Nasdaq's relaxed entry criteria, making it easier for companies like SpaceX, despite recent losses, to enter major indices. While some see it as a positive sign of demand, others, like Morningstar, express concerns about the stock's valuation. S&P 500, however, maintains stricter entry rules for SpaceX.

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West Asia conflict may delay India's chip projects

India's ambitious semiconductor projects, including Tata Electronics' Dholera fab, face potential delays due to the West Asia conflict. Logistical snags have disrupted the supply of crucial speciality gases, chemicals, and metals, leading to concerns about cost overruns and extended timelines. While some believe disruptions have eased, experts warn of significant pushes to production schedules, impacting both construction and operational phases.

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Living on borrowed AI won’t end well for India, warn experts

India's reliance on foreign-controlled advanced AI models, like Anthropic's, is under scrutiny after a US government directive suspended access. Experts warn this highlights a significant vulnerability, potentially hindering India's ambition to become an AI power. The incident underscores the need for stronger domestic capabilities and strategic infrastructure to avoid being merely an adopter of technologies controlled elsewhere, emphasizing the geopolitical implications of frontier AI.

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Xbox to raise console prices worldwide from August

Groups representing automakers, retailers, electronics firms and others had ‌warned earlier ⁠this ⁠month that the increasing demand for memory chips could lead to ​dramatic price hikes in U.S. consumer goods and disrupt supply chains.

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Binance to suspend crypto services in several EU countries

Binance, the world's largest cryptocurrency exchange by volume, said it had applied for authorisation to operate under the EU's crypto assets regulation MiCA in Greece, but told clients that it has now withdrawn that application and would apply in another EU country.

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Pocket FM winds down microdrama to focus on audio dramas, overseas market

Audio entertainment firm Pocket FM is shutting down its microdrama vertical, Pocket TV, to concentrate on its core audio dramas and international expansion. This strategic shift precedes a potential public listing, as the company prioritizes profitability. While short video dramas are booming in India, Pocket FM is returning to its strengths in audio, where it has established content and monetization.

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AI risks spark 30% surge in India cybersecurity spends as enterprises ramp up defences

Corporate India is witnessing a significant surge in cybersecurity spending, up 30% year-on-year, as businesses race to safeguard data and AI systems. Even traditionally less-invested sectors like manufacturing are digitizing aggressively. This trend, driven by AI's expanding attack surface and increasing regulatory pressure from bodies like CERT-In, is making cybersecurity a crucial, ongoing operational expense for enterprises.

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