Social media groups face European backlash as Spain, Greece weigh teen bans

Spain and Greece on Tuesday proposed bans ⁠on social media use by teenagers as attitudes hardened in Europe against technology some say is designed to be addictive and which can expose children to harmful content.

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AI plan collides with funding reality as budget halves outlay

The budget decision to halve allocation for the IndiaAI Mission to Rs 1,000 crore in 2026-27 from Rs 2,000 crore this fiscal year has raised concerns over the country’s AI push, even as officials said it’s part of a deliberate strategy. Experts said building meaningful artificial intelligence capacity will require significantly higher and more sustained public investment, and warned that India risks falling behind in the global AI race if government funding does not scale up.

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Oracle rises as $50 billion raise eases data-center funding fears

Oracle shares gained 2.5% on Monday after Wall Street analysts said the software company's $50 ‍billion fundraising plan allays worries over ​its ability to finance a massive data-center expansion with OpenAI.

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Building India’s growth through MSMEs and technology: Vidit Aatrey

Vidit Aatrey, founder and CEO of Meesho, said that the Budget reflects a quiet but important shift in India’s growth story, one that backs MSMEs, women entrepreneurs and manufacturers with patient capital and modern infrastructure.

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X down for thousands of US users, Downdetector data finds

There were ​more than ​19,281 reports of ‌issues ‍with ‍the social media platform formerly ‌known as Twitter, as of 11:19 a.m. ET, according ‍to Downdetector, which tracks ‍outages by ⁠collating ⁠status reports from a number of sources.

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With policy certainty & AI push, Budget signals India's tech moment, says Nasscom

The consolidation of software development services, IT-enabled services, KPO and contract R&D relating to software development into a single category of IT services with a uniform safe harbour margin of 15.5 per cent, alongside enhancement of the Safe Harbour eligibility threshold to Rs 2,000 crore (from Rs 300 crore), materially expands access to certainty mechanisms for routine cross-border IT service models, it said.

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​Budget 2026 signals focus on mental health with Nimhans 2.0 plan

Finance minister Nirmala Sitharaman announced the setting up of a National Institute of Mental Health and Neuro Sciences (Nimhans) in north India, thus focussing attention on the growing conversation around mental health in the country.

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AI agents’ social network becomes talk of the town

Moltbook, a new social network for AI agents, has exploded in popularity, attracting around a million bots within hours. Inspired by Reddit, the text-heavy platform lets AI discuss philosophy, stories and even emotions, delighting some researchers. Others warn it is chaotic, filled with crypto promotion and hype.

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Is ‘AI-washing’ behind new wave of tech layoffs?

Companies are increasingly pointing to artificial intelligence when announcing job cuts, alongside more traditional reasons such as weak finances or overhiring. AI was mentioned in over 50,000 layoffs in 2025, with firms like Amazon, Pinterest and HP linking cuts to future AI-driven changes. Critics warn some companies may be using “AI-washing” to justify cost-driven layoffs.

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SpaceX seeks FCC nod for solar-powered satellite data centres for AI

SpaceX has asked US regulators for permission to deploy up to one million satellites to power space-based AI data centres using solar energy. The plan follows talks between SpaceX and Elon Musk’s xAI about a possible merger ahead of a major public listing. The proposal relies on Starship to cut launch costs.

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JJG Aero raises $30 million from Norwest to scale capacity

Aerospace components maker JJG Aero has raised $30 million in funding led by Norwest, marking the investor’s first bet in the segment in India. The company plans to expand manufacturing capacity as global aircraft demand remains strong. Industry leaders say India offers major growth potential in aerospace manufacturing.

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From search to shopping carts, digital ads mint Rs 80,000 crore

Indian tech and ecommerce companies earned close to Rs 80,000 crore in ad revenue in 2024-25. Digital advertising fueled this growth as brands sought measurable results. Google and Meta lead with strong performance. Retail media platforms like Amazon and Flipkart also saw significant gains. This trend highlights a shift in advertising budgets towards data-driven digital channels.

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Reliance leads $50 million round in spacetech startup Digantara at $200 million valuation

Reliance Industries has led a $50 million funding round in spacetech startup Digantara, valuing the firm at about $200 million. The Bengaluru-based company tracks satellites and space debris using its own space-based technology and plans global expansion. The funding will support overseas growth, satellite manufacturing and higher production capacity.

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Is chip giant ASML about to hit a ceiling, or break through it?

ASML shares are up 34% so ‌far this month and ‌trade at 42 times 2026 earnings estimates, well above Nvidia's 25 times, as analysts have ratcheted up forecasts. ASML management sees sales growth this year ranging from as low ‌as 4% to as high as 19%.

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Banned to back again: A timeline of TikTok's rise, fall and rebirth

TikTok evolved from a teen dance app into a dominant US platform shaping culture, commerce and politics.

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ET Explains: Global push to restrict children's social media use

Children's mental health, excessive screen time, exposure to harmful content, and online abuse are concerns for governments. Studies show social media can affect mood, sleep and learning. So, many countries are looking for ways to protect minors.

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Crypto money-laundering hit $82 billion in 2025, researchers say

Money launderers received at least $82 billion in cryptocurrencies ‍last year, up sharply from $10 ​billion in 2020, driven in part by fast growth ⁠among Chinese-speaking groups, blockchain researchers said on Tuesday.

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Elon Musk vs Vinod Khosla: Why the tech giants are fighting again

Khosla’s response to a Musk post in September kicked off the latest spat. The founder of Khosla Ventures has accused the owner of Tesla and X of promoting a racist ideology.

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Teens underwhelmed by France's social media ban

France's National Assembly passed a bill in a marathon overnight session that would impose a minimum age for using social media, becoming the first country in Europe to follow Australia, which banned under-16s from TikTok, Snapchat, Facebook and other sites last year.

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Banks and fintechs up privacy play with DPDP Act in phased rollout

Non-state lender Yes Bank has constituted a dedicated data privacy office and appointed a data privacy officer. “In line with the DPDPA, we are currently undertaking a gap assessment, evaluating consent tools, and rolling out multiple training initiatives to build staff awareness of the DPDP Act,” said Munesh Ahuja, its data privacy officer. Industry experts said such steps are becoming essential as the 18-month phased rollout of the DPDP framework compresses timelines for compliance, with enforcement expected by May next year.

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Competitive intensity increases as etail majors take on qcomm aces

Competition in the quick commerce sector is getting even more intense as Amazon and Flipkart step up discounting to challenge Blinkit, Zepto and Swiggy Instamart, triggering a fresh price war. Discounts rose to 55% in January, with Amazon Now matching Zepto, while Flipkart XtraSaver boosts bulk promotions.

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Infosys caps WFO exemption at 5 days a quarter after Wipro & TCS tighten WFH norms

Infosys has restricted extra work-from-home days, allowing only limited exceptions with proof. Staff must mostly attend offices, following similar moves by TCS and Wipro. Industry experts say the need for a better collaborative environment amid rapidly shifting project timelines has led tech firms to tighten their remote working policies.

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Odisha aims to become harbinger of AI tech: CM

Odisha is set to embrace artificial intelligence for governance and public services. Chief Minister Mohan Charan Majhi announced plans to build a secure and sovereign AI ecosystem. The state will develop shared AI infrastructure and population-scale applications.

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Indian startups to showcase agri products at Gulfood 2026

Eight high-potential Indian startups will showcase innovative products, technology-driven solutions, and export-enabling offerings aligned with the government's Farm to Foreign vision at the Gulfood 2026, the commerce and industry ministry said.

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It makes sense that people see AI as God

Public discourse increasingly frames artificial intelligence in religious, even apocalyptic terms. Podcasters, writers and tech elites liken AI to messiahs, prophets or antichrists, reflecting humanity’s ancient impulse to anthropomorphize mysterious technologies and grant algorithms divine authority in contemporary media culture.

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Three more global companies set to hop on India’s GCC train

Videotelephony firm Zoom, telecom giant T-Mobile and low-cost airline Southwest Airlines are among the latest global companies considering the establishment of global capability centres (GCCs) in India, said people aware of the matter, adding that they are in talks with several states toward this end.

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Nokia plans GCC, research centres in Karnataka, says industries minister M B Patil

Patil, who was speaking from the World Economic Forum in Davos, assured full support for Nokia's expansion plans. Meanwhile, US-based space tech company Vast Space, UAE-based multinational business group Crescent Enterprises, and aerospace firm Voyager Technologies have expressed interest in partnering with Karnataka.

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WEF 2026: Elon Musk predicts robots will outnumber humans in AI-driven economy

Elon Musk, at the World Economic Forum, said AI and robotics could drive unprecedented global economic growth, creating a future of abundance where machines meet most human needs. He predicted robots may outnumber humans and help eliminate poverty, while cautioning on associated risks. Musk also discussed Tesla’s FSD rollout and a potential SpaceX IPO.

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Elon Musk's X back up after brief outage, Downdetector shows

Social ​media platform X ⁠was down for thousands ‌of ‌users in the ‌US on Thursday, according to Downdetector.com.

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Travel accessories platform Escape Plan raises $25 million from Jungle Ventures, others

Escape Plan has raised $25 million in a funding round led by Jungle Ventures, with participation from Fireside Ventures and IndiGo Ventures, the venture capital (VC) arm of IndiGo Airlines. The latest round comes six months after the company raised $5 million in a funding round led by Jungle Ventures and Fireside Ventures.

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We don’t give investment advice, says Sudha Murty, urging people to stay vigilant against cyber crime

In a post on X, Murty said, “I want to alert you to fake videos circulating online that falsely use my image and voice to promote financial schemes and investments. These are deepfakes created without my knowledge or consent. Please do not make any financial decisions based on these fraudulent videos. "

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Voice AI startup Ringg AI raises $5.5 million in round led by Akram Ventures

Voice artificial intelligence (AI) startup Ringg AI has raised $5.5 million (Rs 48 crore) in a funding round led by Arkam Ventures, with participation from Groww’s Founder Fund, Cred founder Kunal Shah, White Venture Capital and existing investor Capital2B.

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An AI startup says it wants to empower workers, not replace them

Former Anthropic researcher Andi Peng left to cofound Humans&, rejecting AI that replaces workers. Backed by Nvidia and Jeff Bezos, the funded startup pursues human-centric systems that collaborate with users, signaling investor confidence in alternative AI visions despite bubble fears.

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Shadowfax secures Rs 856 crore from anchor investors ahead of IPO

Logistics firm Shadowfax Technologies has secured approximately Rs 850 crore from anchor investors ahead of its IPO, which opens on January 20. The company has reduced its IPO size to Rs 1,907 crore, with a focus on diversifying its client base towards D2C brands and smaller retailers. Shadowfax reported a 68% rise in operating revenues to Rs 1,805.

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AssetPlus raises Rs 175 crore from Nexus Venture Partners, Eight Roads, others

Wealthtech startup AssetPlus raised Rs 175 crore to expand its distributor-led wealth management platform. Existing investors, including Eight Roads Ventures and Rainmatter Fund, also participated. It works with over 18,000 mutual fund distributors and manages Rs 7,250 crore in assets, offering mutual funds, insurance, and retirement products.

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India’s big IT ends recruitment freeze, but only for niche skills

India’s top five IT companies added 2,505 employees to their combined headcount in calendar year 2025, after shedding nearly the same number the year before, reflecting selective and skill-based hiring.

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AIX Ventures cofounder Shaun Johnson departs

AIX Ventures — a venture capital firm that has backed artificial intelligence startups including Perplexity, Windsurf and Ideogram — saw cofounder Shaun Johnson exit the firm last month.

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Can AI generate new ideas?

AI firm Harmonic claims its system Aristotle, aided by GPT-5.2 Pro, solved long-standing problems posed by Paul Erdos. Some hail this as real research progress, while skeptics like Terence Tao argue AI mainly repackages existing human knowledge.

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Dealmaking via Mauritius may be a road less taken

The Supreme Court’s ruling against Tiger Global could reshape how foreign investors use Mauritius-based entities to invest in India. Funds must now show genuine “substance” in these jurisdictions, or face Indian tax scrutiny. The verdict may also affect other treaty-based investments and indirect share transfers in Indian companies.

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OpenAI introducing ads to ChatGPT

OpenAI will soon test ads on ChatGPT in the US for free and lower-tier users, aiming to cover rising operational costs. The company stressed that ads will not affect responses or user privacy. With few paying subscribers, OpenAI is seeking new revenue while competing with AI rivals like Google.

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ETtech Deals Digest: Startups raise $191 million this week, down 51% on-year

Indian startups raised about $190.7 million in mid-January, sharply lower than a year ago but well above the previous week’s total. Funding activity also slowed, with fewer deals completed year on year. Healthcare, education and consumer brands led the biggest transactions during the week.

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Meet new Indian-origin CTO of Mira Murati’s Thinking Machines

Hyderabad-born Chintala, who joined Thinking Machines Lab in November 2025, will replace Barret Zoph who stepped down as CTO. Announcing his appointment, Murati described Chintala as “a brilliant and seasoned leader who has made important contributions to the AI field for over a decade” in a post on microblogging platform X.

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X revises developer API policies, bans ‘InfoFi’ apps to tackle bot spam

Confirming the development, X’s head of product Nikita Bier said apps that financially reward users for posting on X will no longer be permitted under the platform’s API terms.

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EU will carefully assess X's promised changes to Grok, spokesperson says

The European Commission will review changes Elon Musk’s platform X plans for its Grok chatbot. The updates aim to stop Grok from producing sexualised images of women and children. If the measures prove insufficient, the Commission warned it could take full action under the Digital Services Act.

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California to investigate xAI over deepfake content, officials say

California ‍officials ​said they were demanding ⁠answers from Elon Musk's xAI amid the spread of ‌non-consensual ‌sexual images on the ‌platform that has prompted global scrutiny.

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Polygon targets stablecoin payments with deals worth $250 million

Blockchain firm Polygon Labs said on Tuesday it would ‍buy crypto payments company ​Coinme and crypto infrastructure provider Sequence for ⁠more than $250 million, as it looks to tap the growing demand for stablecoin-based transactions.

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Eternal says no material change to Blinkit business as quick commerce firm drops 10-minute delivery branding

Responding to a notice by the exchanges following the government asking platforms to discontinue 10-minute delivery branding, Eternal said in a filing that there was no change to its quick commerce business model that could have any material impact on the company.

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Italy antitrust cuts Amazon record fine to $878 million

Italy's ​antitrust authority said ⁠on Monday it had reduced ‌a ‌record fine imposed ‌on US ecommerce giant Amazon to 752.4 million ​euros ($878.20 million) from ​an original ‌amount ‍of 1.128 ‍billion euros.

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Anti-money laundering norms up crypto compliance bar

India’s financial intelligence unit has tightened anti-money laundering rules for crypto firms, increasing compliance and security obligations. Mandatory registration, audits and stricter KYC norms may raise costs and slow new entrants. While this could reduce misuse and improve trust, smaller platforms may struggle under heavier regulatory pressure.

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IT ministry takes up communications device safety issue; mobile phone players say routine consultation

The IT ministry has taken over discussions on mobile phone and communication device safety from the telecom department under the ITSAR framework. Industry sources say this is a routine consultation with no new mandates. Talks focus on standards for software updates and device source code, ensuring transparent engagement with manufacturers.

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Google teams up with Walmart, other retailers to enable shopping within Gemini AI chatbot

Google is enhancing its Gemini AI chatbot with shopping features, partnering with Walmart, Shopify and Wayfair to enable instant purchases without leaving the app. Recommendations can be personalised based on past purchases, linking to existing carts. OpenAI and Walmart announced a similar deal in October, saying the partnership would allow ChatGPT members to use an instant checkout feature to shop for nearly everything available on Walmart's website except for fresh food.

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Musk to open new X algorithm for public in seven days: Report

Tesla and SpaceX CEO Elon Musk has said that he will open the new X algorithm to the public in seven days. It will include all code for organic and advertising post recommendations.

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ITAT rejects Binny Bansal's 'non-resident' status claim

The Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) has rejected Flipkart co-founder Binny Bansal's claim of non-resident status for assessment year 2020-21, thereby denying him the benefit of the India-Singapore Double Taxation Avoidance Agreement (DTAA).

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The man who could be Apple's next CEO

Around 2018, Apple weighed adding costly laser tech to iPhones, highlighting the cautious leadership style of hardware chief John Ternus. Now seen as a leading successor to CEO Tim Cook, Ternus embodies Apple’s incremental, profit-focused approach amid succession planning and innovation challenges.

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CES 2026: From digital to physical, AI is touching every aspect of consumer life

The ‘world’s largest tech fair’, as CES is popularly called, delivered a dose of wonder and whimsy, along with futuristic technology, and much AI-powered consumer gear. While technology managed to bring the world together at Las Vegas in the first working week of 2026, geopolitics in this changing global order cast its shadow as well.

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Elon Musk's AI is generating sexualised images of real people, fueling outrage

Late Thursday, the Grok account on X started limiting requests for AI images to site subscribers who pay for certain premium features, according to posts from the chatbot. The change followed a "backlash over its ability to create sexualized deepfakes without consent," the AI chatbot added, but users can "subscribe or switch to the standalone Grok site for similar functions."

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Germany plans measures to combat harmful AI image manipulation

Germany's justice ministry plans to present measures in the ‍near future that would allow ​authorities to more effectively combat the use of artificial ⁠intelligence to manipulate images in ways that violate personal rights, a spokesperson said.

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ET Graphics: AI Summit lays out red carpet for India’s sovereign AI dreams

As India accelerates efforts to build a sovereign AI stack, a dozen startups and institutions backed by the government’s IndiaAI Mission are preparing to launch indigenous foundation models. Many of these launches are timed around the India AI Impact Summit next month.

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EU orders X to keep Grok documents for longer amid sexualised AI photos furore

The EU executive on Thursday said it ordered Elon Musk's Grok to keep data related to the AI chatbot after the tool sparked a backlash for generating sexualised deepfakes of minors. The order means the EU executive can ask X for access to the documents as it looks into the platform and Grok.

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Grok’s harmful turn shows clear legal gaps in AI regulation

The majority of the regulatory discussion has focused on proposed changes to the IT Rules, which would require platforms to label synthetic content and follow disclosure and tracking measures. Legal experts argue that this approach mainly places the burden on platforms that distribute content, while leaving significant gaps concerning AI tool developers and app stores that enable misuse.

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Compliance hurdles weigh heavily on GCCs expanding to tier-II cities

GCCs have been rapidly expanding into tier-II and tier-III cities, as ET reported earlier, with locations like Coimbatore, Jaipur, Indore, Vizag, and Kochi emerging as new hubs. While the Union Budget 2025 announced a national framework to support this expansion, state-specific labour law variations continue to create compliance challenges.

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Nvidia at CES 2026; Puneet Kumar quits Nexus

AI chipmaker Nvidia put forward its vision to own the AI stack at CES 2026 in Las Vegas. This and more in today's ETtech Top 5.

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ET Explainer: Big privacy risks in view as glasses turn AI smart

Apple recently received a patent for its smart glasses, while Meta has already launched its version and Amazon is preparing to enter the market. ​​ According to Apple's patent, the glasses would be equivalent to augmented reality devices rather than merely AI or camera accessories, given that they would visually display information. The future of smart glasses could see a shift towards more visual features, but could also spark greater privacy concerns, with everyday life being recorded.

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Fellowships open a door for campus entrepreneurs

Data from Superscout, a platform that tracks VC fellowship and scout programmes globally, shows that from a total of about 10,000 applications across such programmes, India’s participation has held steady at 12% over the past three years, up from around 7–8% in earlier cohorts (2020-2022). There is strong representation from IITs, IIMs, and BITS, with relatively fewer applicants from US or UK universities. Also, India-based applicants skew toward founders, operators, and students, with relatively fewer candidates from a finance background.

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Deepinder Goyal's LAT Aerospace demonstrates ultra-short takeoff test flight

On November 13, Goyal announced that LAT’s electric unmanned aerial vehicle was almost ready for a test flight. It is expected to have a range of 60 minutes with the potential to fly between Mumbai and Pune.

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Paytm allots 1.89 lakh shares under Esop plan to employees

Paytm has allotted over 1.88 lakh equity shares to employees upon exercising stock options under its Esop 2019 scheme. The company also approved a fresh grant of 1.23 lakh stock options. This move aims to retain and incentivise employees, despite past regulatory scrutiny regarding Esops.

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Grok user making illegal content will suffer same consequence as uploading such content: Musk

Microblogging platform X owner Elon Musk declared users of its AI service Grok generating illegal content will face severe penalties. This follows a directive from India's Ministry of Electronics and IT demanding immediate removal of vulgar and unlawful material.

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5,000 delivery workers terminated every month on Zomato: Deepinder Goyal

Zomato's CEO Deepinder Goyal revealed that the company terminates approximately 5,000 gig workers monthly due to fraud, while 1.5 to 2 lakh workers leave voluntarily. Many view the delivery role as temporary. The company also faces significant customer fraud, with some customers fabricating issues to claim refunds.

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Gig workers’ strike revives debate on 10-minute delivery

More than 200,000 delivery workers operating for platforms such as Zomato, Blinkit, Swiggy, Instamart, Zepto, Amazon and Flipkart went on a strike on December 31, seeking better payments and social security benefits.

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Zomato delivery partners’ hourly earnings rose 10.9% in 2025: Eternal CEO Deepinder Goyal

Average earnings per hour for delivery partners on Zomato rose to Rs 102 in 2025, up from Rs 92 in 2024, marking a 10.9% year-on-year increase, according to a fact sheet released by Eternal CEO Deepinder Goyal on X.

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Knight Fintech secures $23.6 million from Accel, IIFL, & others

Knight Fintech has raised $23.6 million in a funding round led by early-stage venture firm Accel, with participation from IIFL and Rocket Capital. Existing investors Prime Venture Partners, 3One4 Capital, Commerce VC, and Trifecta Capital also participated in the round.

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Zomato strike backed by ‘0.1% miscreants’, says CEO Deepinder Goyal

Eternal CEO Deepinder Goyal said gig workers are not exploited, adding that a small group of terminated riders disrupted operations by forcibly preventing others from working.

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India’s chip ambition takes flight with customers signing up

India’s semiconductor push is moving beyond announcements and capital commitments, as global customers start to sign up for local manufacturing and assembly. While the momentum so far has been policy-led, customers coming on board shows that India is increasingly being viewed as a workable link in global supply chains, experts said.

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Ola Electric business head for cell ops Vishal Chaturvedi resigns

In his resignation letter addressed to Ola Electric founder Bhavish Aggarwal, he said the decision was taken due to personal commitments and thanked the leadership and colleagues for their support during his tenure. The company has not announced a replacement for the role in the filing.

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Grok's Business and Enterprise tiers: Here’s all you need to know

The tiers position Grok as an enterprise-ready AI assistant for secure and collaborative work at scale. It is suitable for small and medium businesses under a ‘self-serve’ process.

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